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BBTV in Canada will start paying its customers in cryptocurrencies

BBTV Holdings Inc., a leading monetization company, has launched a new program known as Pay to Crypto that will allow creators to receive payments directly in digital assets.

BBTV Holdings to pay content creators in digital cash

Cryptocurrencies creators can be paid in include Bitcoin, Ethereum, and Dollar Stablecoin. This is the first offer of its kind and is being offered to creators at a competitive price. BBTV Chairman and CEO Shahrzad Rafati explained in an interview:

Web3 is already a big part of the creator economy, from social tokens to NFTs to cryptocurrencies. This is just one step BBTV is taking to pioneer Web3 solutions for creators in this emerging segment of the creator economy. Receiving some or all of your monthly earnings in crypto helps creators further diversify their income. Content creators have expressed interest in joining the Web3 revolution and we are very proud to lead the way as their strategic partner. We are excited to offer Pay to Crypto, leveraging Netcoins as a strong platform.

BIGG CEO Mark Binns also added his two cents, stating:

Cryptocurrency is a powerful way for creators to participate in the Web3 economy. Whether you're an early adopter or making your first foray into crypto, converting your payments from USD to other currencies changes the narrative of what your payments can do. BBTV is an excellent showcase of the scalability and capability of the Netcoins platform for anyone interested in cryptocurrencies, not just in Canada but around the world.

Pay to Crypto also includes a feature known as BBTV Fast Pay. While creators can finance their growth through innovative means, the company will also leverage its wide range of content to add gross margin and EBITDA to the company. Joseph Hogue – creator of “Let’s Talk Money!” – mentioned:

BBTV's crypto payment option is another service innovation from a partner I trust for out-of-the-box benefits. When converting USD payments to crypto, it took up to a week for the transfer to be credited to my digital wallet on another platform. Being paid directly in cryptocurrency saves me time and at minimal cost compared to multiple transfers from my bank to different wallets. Together with BBTV's Fast Pay accelerated payment service, the company is taking creator management to a whole new level to empower creators.

Help clients find new money

Headquartered in Vancouver, Canada, BBTV is a global media and technology company. The company’s goal is to help all content creators become more successful. Among the creators BBTV works with are global media brands and individuals.

The company seeks to provide end-to-end solutions to its clients that are designed to drive revenue while driving innovation, so clients can focus solely on content creation. As of January last year, BBTV had more than 600 million viewers worldwide who watched more than 50 billion minutes of video content.

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Coinbase Product Manager Predicts Big Advances For Ethereum In 2022

Ethereum is one of the prominent blockchains in the cryptocurrency industry that established smart contract technology. This has helped cement decentralized finance and checkmate third-party interference in cryptocurrency transactions. But in the past, their main challenge and drawback was related to scalability and speed in executing transactions.

As the months and years go by, Ethereum is making great progress in fixing scalability issues. This led to the deployment of the layer two version of the blockchain.

Related Article | Is Norton 360 Mining Ethereum on your computer? If so, they will take a 15% cut

As the new year begins, many people have shared their predictions and expectations for the cryptocurrency industry in 2022. Some of these people include investors, analysts, and industry leaders. Among the many comments is the latest post from Surojit Chatterjee, Chief Product Officer at Coinbase.

Chatterjee predicts big strides in Ethereum’s scalability. Sharing his predictions on Tuesday via a company blog post, the CPO expressed his confidence in Ethereum. He mentioned that the scalability of the blockchain would put it ahead of Web3 and the crypto economy.

Ethereum struggles to resurface | Source: ETHUSD on TradingView.com

Furthermore, he was confident that there would be an improvement in the scalability of Ethereum. In addition, he indicated the possible traction for alternative layer one networks.

Also in his post, the CPO commented on the emergence of new top-tier networks based on social media and gaming. He explained that moving bridges from layer one to layer two will drive a huge improvement in scalability. Furthermore, he anticipated a situation where the industry is in a desperate search to improve the speed and usefulness of L1 and L1-L2 cross-bridges.

Benefits of Cross-Bridges for Ethereum Scalability

Using these bridges will facilitate the easy transfer of tokens from a layer one (L1) network like Ethereum to a layer two (L2) network like Arbitrum. In addition, it allows reverse transactions between bridges.

For companies like Matter Labs, 2021 saw their tremendous breakthrough. The company developed and implemented its level two platform based on the zkSync rollup package to achieve its great feat.

Overall, 2021 was a year of massive expansion for the tier two ecosystem, as all major platforms saw an increase in adoption. Tier two ecosystem tracker L2beat reports a nearly 11,000% increase in the total amount blocked last year. This brought the value in 2021 to $5.5 billion from $50 million in January 2021.

As for scaling technologies, Chatterjee chose zk-Rollups citing its attractiveness to users and investors. He explained that Zero-knowledge scalability compiles transaction data in batches. This will allow efficiency in its processing in the Ethereum L1.

Additionally, Coinbase CPO predicts the emergence of more privacy-focused apps. However, he mentioned that this would generate more attention from regulators, as there are restrictions imposed through KYC and Anti-Money Laundering (AML).

Related Article | More green energy: Cryptocurrency mining saves a hydroelectric plant in Costa Rica

Chatterjee has other predictions, including increased industry regulations, safer DeFi, and more institutional participation in DeFi. Others are moves to Web3 by Web2 companies, more brand equity in metaverses, and non-fungible tokens (NFTs).

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Crypto.com Lists a New Ethereum-Based Decentralized Exchange Token

Crypto.com, the Singapore-based cryptocurrency exchange giant, is listing an Ethereum-based small-cap hybrid liquidity decentralized exchange token.

In a new announcement, Crypto.com introduces IDEX (IDEX), formerly AuroraDAO, to operate on the company’s app.

IDEX is a decentralized multi-blockchain exchange that offers a non-custodial solution for trading digital assets. The IDEX token is used to secure the network and encourage platform adoption.

According to the Crypto.com press release,

“IDEX is the first hybrid liquidity DEX that combines the best of centralized and decentralized exchanges, with the performance and features of a traditional order book and the security and liquidity of an automated market maker (AMM).

Users benefit from not having to pay additional network costs to place or cancel orders. Placements are also processed in real time, allowing for advanced trading.

IDEX is an Ethereum token that powers the decentralized exchange IDEX. IDEX holders can stake tokens to help protect the protocol and earn rewards.”

While many new coin listings tend to trigger rallies, IDEX price action hardly responds to the news.

IDEX is currently trading at $0.20, down 3.73% in the last 24 hours.

The hybrid decentralized exchange is the second new token that Crypto.com has listed this year after merging with the Oasis Network (ROSE) last week.

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The Cash app is ready to bring the Bitcoin Lightning Network to its 36 million users

The Lightning Network has been integrated into the Cash App, a peer-to-peer payment service operated by Block, formerly Square Inc.

The function allows transactions between parties that are not connected to the blockchain network. It was created to solve scalability issues with the leading cryptocurrency.

With a transfer rate of five transactions per second (TPS) and an average transaction price of $1.79, Bitcoin is well under the mark in terms of payments.

$1.79 is a bargain compared to April 2021 highs, when transactions averaged $62.78. However, any transaction costing more than a few cents is impractical as a widely accepted payment method.

With its Tier 2 solution, the Lightning Network offers massive scalability and low transaction costs.

It operates by diverting transactions from the main chain and placing them in peer-to-peer “payment channels” between two parties, such as a shopper and a coffee shop. Once the channel is created, it can handle infinite transactions in real time.

The payer must first block Bitcoin on the network to open a payment channel. Once the recipient is blocked, you can bill amounts based on the cost of items and services sold.

Fees are a combination of routing fees for sending payment information between Lightning Nodes and Bitcoin transaction fees for opening and closing channels. These, however, are still much smaller than direct main-chain transactions.

In November 2021, the total amount locked in USD (TVL) of the Lightning Network peaked at $216 million. Since then, TVL has been reduced.

TVL blocked on lightning network. Source: DeFiPulse

Block CEO Jack Dorsey, who was previously the CEO of Twitter, has long advocated including the tool. “It’s not an ‘if’, it’s more a ‘when,'” Stephan Livera told the podcaster in 2019 that they would combine the scaling technology with payment provider Block’s mobile app.

“We don’t think it stops buying and selling [bitcoin],” he commented.

Steve Moser, editor-in-chief of TheTapeDrive and contributor to MacRumors, tweeted in November that Cash App “is working on Lightning network integration.” Moser said he found evidence that the Cash App was gearing up to release the additional features in December.

Square’s Cash app is working on Lightning network integration. $ SQ #Bitcoin #cashapp #LightningNetwork pic.twitter.com/AzMIfU2xex

According to the latest data from Business of Apps, Cash App had over 36 million users in the US and UK.

BTC/USD is trading below $%k. Source: TradingView

Related article | Number of Bitcoin Lightning Network Nodes Increases 23% in Three Months

The Cash app isn’t the only one to add the feature

Argentina-based Belo App said on Monday that it has partnered with infrastructure provider OpenNode to enable Lightning Network access to its users.

Julie Landrum, head of growth at OpenNode, stated that the agreement allows millions of people in Latin America to perform fast Bitcoin transactions.

Last month, Ethereum blockchain software startup ConsenSys announced a solution that makes blockchain technology scalable on the Ethereum Mainnet or for private use, along with Mastercard.

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NBA Players Klay Thompson and Andre Iguodala Will Be Paid in Bitcoin

Golden State Warriors stars will receive a portion of their salary in bitcoin and will each donate $1 million in BTC.

NBA players Klay Thompson and Andre Iguodala will receive a portion of their next salary in bitcoin and will donate $1 million in BTC each to fans, the Golden State Warriors guard and forward announced Monday.

“I’m with bitcoin because I think it’s the future of money,” Thompson said in a Jan. 10 announcement tweet.

Thompson and Iguodala have partnered with Cash App, the bitcoin purchase and money transfer app owned by financial services company Block, run by Bitcoin bull Jack Dorsey and formerly known as Square, to facilitate their salary conversion. The app will also mediate donations, which are already active in ad tweets.

“Bitcoin is the future, Klay Thompson and I believe,” tweeted Iguodala on Jan. 10, sharing his payment plans.

Thompson and Iguodala are the latest to join a cohort of athletes who receive their compensation in cash created 13 years ago by the pseudonymous individual or group Satoshi Nakamoto. Since its inception, Bitcoin has made massive gains against the US Dollar and allowed its holders to dramatically increase their purchasing power, while fiat currencies lose value each year. Athletes have responded to this dynamic and are now demanding to be paid in bitcoin, a programmatically limited-issuance currency that is impossible to change.

The trend started when NFL player Russell Okung tweeted “pay me in bitcoin” in May 2019. In September of that year, the athlete told Bitcoin Magazine that he wouldn’t stop until he got paid in BTC. Although Okung was not the first to ask such a question, he started a movement after reaching his goal a year and a half later, in December 2020. The athlete was able to receive an indirect bitcoin payment through Strike, a Lightning payments app. . . who handled the conversion of his annual salary into BTC. The service is currently available to all Strike users.

In November 2021, NFL legend Aaron Rodgers announced that he would receive a portion of his salary in Bitcoins, while star Odell Beckham Jr said he would receive all of his annual compensation in BTC. In December, Patriots quarterback Mac Jones gifted bitcoins to his entire offensive line.