At the time of press, Bitcoin is trading at $58,837. Paypal’s announcement to offer crypto payment options for online merchants globally is being touted as one reason for the recent price uptick. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $1,842.
Let’s review some interesting crypto news in detail.
PayPal authorizes its consumers to pay with cryptocurrency to online merchants globally. As per the press release to Reuters, the firm stated that U.S. customers can now pay for goods and services through their crypto assets. In addition, the customers who hold Bitcoin, Ether, Bitcoin Cash, and Litecoin in their PayPal digital wallets will get an option to switch their holdings into fiat currencies. Further, this would help at checkouts to make purchases in everyday life, which will expand the usage of cryptocurrencies. Additionally, the firm has plans to launch this service for all of its 29 million merchants in the near future. Recently, Visa has also declared to support the use of the USD Coin (USDC) to pay for transactions on its network. Hence, this breaking news fueled the price of Bitcoin close to $60,000.
The PAID Network partnered with MANTRA DAO to enhance the PAID v2 token. As per the tweet, this collaboration would help MANTRA DAO to launch the PAID v2 token as a suppliable asset on ZENTEREST. MANTRA DAO is a community-governed DeFi platform, which builds on the Polkadot ecosystem, and its main focus area is staking, lending, and governance. With this integration, MANTRA DAO will streamline its business agreements processes by utilizing PAID SMART Agreements. Collaboratively, the team will facilitate the listing of top-tier IDO projects on both the ZENDIT and Ignition platforms. Additionally, this will strengthen both team’s partnerships, which helps IDOs to receive investment funds and establish strategic partnerships with both projects.
Injective Protocol partnered with Kylin Network to integrate with the Polkadot data economy. Kylin Network strives to create a cross-chain platform utilizing the data economy on Polkadot, and it works closely with leading Polkadot-based projects. With this integration, Injective will get native access to Polkadot-based asset pricing through Kylin. Further, Injective would also utilize the native Kylin token to create a number of unique derivative products. These derivatives consist of new indices and futures, which will empower users by providing a new way to interact with the Kylin token economy.
Litentry partnered with Patract to integrate cross-chain identities. With this coalition, dApp developers would integrate cross-chain identities and data on Litentry in an easy and swift manner. Further, Litentry would utilize Patract’s Redspot tool to develop a smart contract. Moreover, Patract provides solutions for the growth of parachains and dApps in the Wasm smart contract ecosystem of Polkadot. Hence, Litentry developers would utilize these functions to write contracts, test contracts, and simulate the real Litentry network.
The NFT market is growing rapidly, and it is a hot topic nowadays. These days, a lot of popular musicians and actors are launching their unique NFTs. In addition to this, the Grammy award-winning multi-platinum musical artist, Lupe Fiasco, also launched his first-ever NFT on Origin Protocol. Therefore, in the last section, we have covered crypto news from the NFT space.
DAFI Protocol partnered with Blockchain Cuties to reward gamers and users. Blockchain Cuties Universe is a gaming platform where users can craft and interact with rare collectible characters. With this collaboration, gamers and users would earn lucrative rewards and incentives. Further, BCUG will create the synthetic dBCUG to utilize it as an ecosystem and in-game incentive, as well as to expand the network’s adoption. As the gaming market is exploding currently, along with this, it is dependent on gamers’ incentives and user engagement. Hence, synthetics created by DAFI would reward users in the long-term. This would strengthen the entire network and encourage long-term adoption.
Orion Protocol announced the aggregation of Bondly’s NFT marketplace into its Terminal. As per the tweet, Orion Protocol is creating an NFT Aggregator, which will be the first of its kind. Hence, to boost this Aggregator, Orion will aggregate Bondly’s NFT marketplace into this terminal. Moreover, Bondly empowers the future of digital collectibles with the launch of NFTs from unique brands and artists. Orion Terminal allows traders to exchange any ERC-20 token for an NFT. Hence, this partnership benefits Bondly to attract more sellers and provide more crypto payment options to traders.
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