Category: Bitcoin

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Verifone offers Bitcoin payments to thousands of merchants in the United States

Bitcoin payments become more important as asset prices rise. With El Salvador turning cryptocurrencies into legal tender, it is only a matter of time before other countries follow in their footsteps.

Make implementing BTC payments important to businesses looking to stay competitive over the long term. Large outlets have started accepting crypto payments.

The latest is AMC Theaters, which have announced that they will be accepting payments in various cryptocurrencies by the end of the year. This will allow viewers to pay for their tickets and concessions using Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, with Dogecoin currently in the works.

The technology company Verifone is now joining the ranks of institutions that accept BTC payments. Related reading | JPMorgan’s CEO doesn’t care if Bitcoin will grow ten fold in five years Bringing Bitcoin payments to the fore Thanks to a recently signed partnership, Verifone now offers Bitcoin payments to thousands of merchants in the United States.

The company known for manufacturing payment processing technology is now offering its users a new solution. Verifone is one of the largest providers of credit card readers in the world. Building on its already established notoriety, it now enables merchants to use its payment technology to accept payments in cryptocurrencies.

BTC price drops to $ 41,000 | Source: BTCUSD on TradingView.com Verifone has partnered with Bitpay for merchants who want to accept Bitcoin payments. Bitpay will alleviate volatility issues by sending BTC payments via fiat currency directly to merchant accounts.

This means that when a user pays for a good or service with Bitcoin, the corresponding amount of Bitcoin is automatically deposited into the merchant’s bank account.

BitPay is one of the world’s leading crypto payment processors, and with over 30,000 Bitcoin transactions processed per month, it puts you in a prime position to help Verifone bring this service to the public. Buy and pay however you want The ability to spend bitcoins has been an issue for the industry from day one.

Because of this, the digital currency has primarily been demoted to the status of a fixed asset rather than being used as the real world currency. However, its growing popularity with users has resulted in companies starting to consider and accept BTC payments for the goods and services they offer.

Related reading | Over $ 5 billion in Bitcoin and Ethereum moved out of cold wallets amid China’s crackdown Verifone strives to make Bitcoin transactions easier and more transparent.

Verifone CEO Mike Pulli said the company has generated great interest in its latest offering. Explain that the company already has a backlog of merchants interested in implementing BTC payments. “The interest is great, very great.

I think our phones will ring all the time, ”said Sweater. Although the company has yet to reveal which merchants will accept BTC payments, Pulli stated that the partnership was formed with the aim of giving consumers more choice.

“If you decide to buy pizza with Visa or AmEx or crypto, we don’t care. We just want to give them the option to pay as they see fit, ”the CEO said in an interview.

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Cryptocurrency derivatives exchange Bitget sponsors Juventus as the first manga partner

Singapore-based cryptocurrency derivatives exchange Bitget has announced a partnership with Juventus to become their sponsor. As part of the agreement, Bitget will act as the official partner of Juventus and official exchange partner for cryptocurrencies, as well as the first Manga partner.

Juventus Turin was founded in 1897 and is one of the most prestigious and award-winning football clubs in the world. It was the first club in football history to win top international trophies with 38 Serie A titles, 2 Champions League titles and 3 UEFA cups.

Juventus is one of the ten best football clubs in the world with elite players like Chiellini, Morata, Dybala and Bonucci. In addition, legendary players such as Nedved, Buffon, Zidane, Del Piero, Montero, Baggio and Cristiano Ronaldo have played for the club, making it one of the most important and successful clubs in Europe and the world. “Bitget was looking for outstanding partners from the world of sport and the gaming community.

Juventus has fought hard over the past century and demonstrated the fair and anticipated competitive spirit in the sport.” Bitget shares the same spirit and is committed to the Better Trading Better Life mission and is committed to providing liberal, definitive and fair trading in cryptocurrency services to users around the world.

The partnership will help Bitget improve our international reputation, ”said James Lee, Director of Global Strategy at Bitget.

“It is a pleasure for us to welcome Bitget as the first Juventus Sleeve member and to help them raise their profile with our fan base around the world. We will work together on a global level and support the partner’s international growth path by building on a shared desire to reach a growing audience. said Giorgio Ricci, CFO of Juventus.

Bitget was founded in July 2018 and is considered one of the fastest growing cryptocurrency derivatives exchanges in the world, supporting futures trading, spot trading and buying coins. Digital assets.

It has 1.6 million registered users in 48 countries and regions including the UK, France, Italy, South Korea, Japan and Russia. As a platform seeking the best service and innovation, Bitget pioneered the launch of three flagship products: USDT Margin Futures, One Click Copy Trading, and Quanto Exchange Futures. With this unique performance, it has become the most popular platform among users. With an average daily trading volume of $ 5.6 billion, Bitget is the sixth largest derivatives exchange in the world and the largest cryptocopy trading platform, according to CMC data.

It is an undeniable trend that the sport is increasingly linked to cryptocurrencies. Conventional cryptocurrencies such as Bitcoin are accepted as a means of payment by many sports platforms. As the global pandemic increases the demand for digital solutions, digital currency use cases have rapidly evolved, replacing some of the traditional features.

“The cross-border cooperation is fascinating. I am very excited about the clash of thoughts between the crypto industry and the world of sports. We are currently looking into further opportunities with Juventus.

In addition, registration for our King’s Cup Global Invitational opens on October 20th. The competition offers a prize pool of up to 100 BTC. Stay tuned for more information. Bitget Global Strategy Manager has been added.

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PayPal launches new consumer app for cryptocurrencies, savings and direct deposit

PayPal has announced the launch of a new app designed to be a one-stop-shop for all digital payment needs of customers of the company’s customers.

As Cointelegraph reported, PayPal CEO Dan Schulman announced in July that the company’s super app was ready to launch in the United States.

According to a press release on Tuesday, PayPal’s new app will give users access to all of the company’s digital financial products. The new app covers both encrypted and unencrypted use cases with a wallet tab to manage crypto payments and savings with high returns.

In fact, PayPal’s announcement included a partnership with online banking Synchrony Bank to provide a high-yield savings account through the new app.

As part of the announcement, the digital payments giant said customers could earn an annual return of up to 0.40% on their savings with the new app as part of the announcement.

Customers can also transfer earnings from their savings account to PayPal balance to use when shopping online. Other features mentioned are bill payments, refunds and discounts, as well as direct deposits. The latest feature will reportedly allow customers to receive payments two days earlier.

Related: PayPal Users Can Withdraw Cryptocurrencies to External Wallets PayPal also announced plans to add more features to the app in the coming months, including offline QR code payments and investment opportunities.

In August, Cointelegraph reported that PayPal was considering a foray into retail.

The announcement of the new client app comes just days after the company launched crypto trading for users in the UK.

Schulman has already argued that digital payments will be even more so, stating in December 2020 that the time is right for widespread adoption of cryptocurrencies.

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Coinbase Archives for Offering Cryptocurrency Futures and Derivatives Trading

Cryptocurrency exchange Coinbase has submitted an application to the National Futures Association (NFA) to offer futures and derivatives exchanges on its platform.

The exchange says its new offerings are aimed at “further developing the crypto economy.” Coinbase signs up to offer cryptocurrency futures and derivatives transactions Coinbase Global Inc.

(Nasdaq: COIN) announced on Twitter Wednesday that it has applied to the National Futures Association (NFA) to register as a Futures Commission Trader (FCM).

The exchange wrote: This is the next step in expanding our offering and trading of futures and derivatives on our platforms. The exchange added that its goal is “to continue growing the crypto economy.”

The filing shows that the company is registered as Coinbase Financial Markets Inc. Crypto derivatives have become a huge market and most of the major cryptocurrency exchanges offer derivatives trading, including Binance, Okex, FTX, CME Group, and Kraken.

In April, Coinbase announced the acquisition of Skew, a crypto data analytics company specializing in monitoring the derivatives market. Coinbase is currently raising funds by issuing bonds.

The company originally planned to issue senior bonds worth $ 1.5 billion. However, due to high interest rates, he increased the amount to $ 2 billion.

Coinbase has stated that it intends to use the net proceeds from the offering “for general corporate purposes, which may include ongoing investments in product development, as well as potential investments or acquisitions. In other companies, products, or technologies that Coinbase can identify. in the future. “

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Bitcoin adoption in Africa grows 1,200% in one year

The continent is the third fastest growing bitcoin economy in the world, driven by retail users looking to save and transfer money.

Bitcoin adoption in Africa has exploded over the past year, increasing by more than 1,200%, according to a report from Chainalysis.

The increase in activity in the region has been driven by retail investors who turn to Bitcoin every day to save, send remittances, and conduct peer-to-peer (P2P) transactions.

Artur Schaback, COO and co-founder of the P2P exchange Paxful, told Chainalysis that his platform has seen strong growth in African countries over the past year, especially 57% in Nigeria and more than 300% in Kenya.

In fact, Africa has the highest volume of P2P bitcoin exchanges in the world, as citizens often face banking restrictions at centralized bitcoin entry points.

The ability to buy and use Bitcoin on P2P markets without authorization has also allowed African citizens to bypass government transfer restrictions and move more funds across borders. In 2019, sub-Saharan Africa received at least $ 48 billion in remittances, according to a study by the Brookings Institute. In addition to remittances, Schaback also said that Bitcoin enables African merchants to conduct international business transactions more efficiently.

Users turn to P2P marketplaces to buy Bitcoin and pay for the goods they want to import, which is more efficient than using the traditional banking system. “If you are working with a partner in China to import goods for sale in Nigeria or Kenya, it can be difficult to send enough fiat currency to China to complete your purchases,” Schaback said. “It is often easier to buy Bitcoin locally on a P2P exchange and then send it to your partner.”

The Nigerian government has attempted to respond to the growing awareness and use of Bitcoin on its territory by announcing plans to develop e-naira, its central bank digital currency (CBDC). However, according to Adedeji Owobi, CEO of blockchain consultancy Convexity, citizens have not shown much interest and can continue to use the far superior cash that is Bitcoin. “Last week, at a Nigerian crypto users’ clubhouse, I asked the group if they would use e-naira if the central bank introduced it,” Owonibi told Chainalysis. “

The overwhelming majority of participants said no because they expect the same instability and management problems with Naira today.” Bitcoin and Lightning together have the potential to endow not just Africans, but people around the world with healthy money, financial freedom, and individual sovereignty – achievements that would actually undermine CBDC.