Crypto News Recap: PayPal, Visa Compete to Provide Crypto Payments Services

Published April 5th, 2021 - 08:40 GMT
Crypto News Recap: PayPal, Visa Compete to Provide Crypto Payments Services
Finally, Paypal allows US-based customers to check out and pay with crypto just 24 hours after Visa said it mulls piloting a new payments system using stablecoins on the Ethereum blockchain. (Shutterstock)
Highlights
Here are the market highlights for the week.

March has been an interesting month for the crypto world as NFT markets re-emerged strongly, institutional and governmental adoption ruled the scene and mining revenues skyrocketed. Although traders usually don’t like March, this year Bitcoin closed its best at March and the coin's candles have been radiating green for six whole months for the first time since 2013 🙆.

Finally, Paypal allows US-based customers to check out and pay with crypto just 24 hours after Visa said it mulls piloting a new payments system using stablecoins on the Ethereum blockchain. It’s lit huh 🔥

Summer is around the corner and you know what’s better than being eco-friendly is earning beer while you’re at it. This Aussie Brewery allows you to trade your excess solar energy for a pint of beer!

What’s more awesome is that all of this is made possible by blockchain. Environment-friendly and rewarding big cold beer, is it knock off time yet? where can I sign up?

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on the NFT front, Canadian singer dubbed as The Weeknd, announced the release of his first nonfungible token via Nifty Gateway on Saturday.

Artists, painters, musicians, sports figures and even journalists are venturing into the NFT market. This really begs a bunch of questions as a lot of people wonder if this mania will be just a fizzy chapter of crypto hype or will it truly change the way we perceive digital art? I guess we'll wait and see, maybe this article will be sold as an NFT someday 😂.

Without further ado, let’s take a look at the major highlights of last week.

Crypto Charts: Bitcoin

According to Cointelegraph, the CEO of the Bitcoin exchange CoinCorner, Danny Scott, revealed that Bitcoin might rally to $83,000 if it emulates its average April return of 51% as it had over the past 10 years. 

bitcoin crypto

Source: coinmarketcap.com

Crypto Charts: Altcoins​

cryptocurrecny

Source: coinmarketcap.com

Big News: PayPal Allows US Customers to Pay in Bitcoin at Global Merchants

Paypal, the American online payments system, will begin accepting cryptocurrency payments at its millions of global merchants.

According to the announcement, users will be able to use this new feature called ‘check out with crypto’ to pay safely and easily, quickly converting Cryptocurrency holdings  to US dollars at checkout, with clear conversion rates and no additional fees.

With this new feature, cryptocurrency now is another countable way for US-based customers to pay and global businesses to get paid, adding enhanced utility for cryptocurrency holders, the announcement reads.

Visa’s Partners to Settle Fiat Transactions with Crypto

Shortly after the partnership with Crypto.com, the multinational credit card giant, Visa, announced plans to offer the USDC settlement capability to additional partners later this year.

USDC is a stablecoin backed by the US dollar, Visa plans to settle the transaction over Ethereum blockchain with the help of Anchorage, the first federally chartered digital asset bank and an exclusive Visa digital currency settlement partner, and Crypto.com.

Christine Lagarde: Digital Euro could take four years

In an interview with Bloomberg,  European Central Bank President, Christine Lagarde, revealed that the rollout of Digital Euro could take up to four years. By mid-2021, the ECB’s Governing Council will release a decision whether the institution will begin experimenting with a CBDC or not.

Earlier this year, Lagarde emphasized that the new digital currency will not replace cash, but will complement it: “The Euro belongs to Europeans and we are its guardian. We should be prepared to issue a digital euro, should the need arise.”

Australians people can use blockchain to swap solar energy credits for ice-cold beer 

Victoria Bitter, a lager beer produced by Carlton & United Breweries, a subsidiary of Asahi, in Melbourne, Victoria, has announced a new program that allows Aussie beer lovers to trade and exchange their excess solar energy for slabs of Victoria Bitter.

This awesome project named ‘Solar Exchange’ was made possible with the partnership of 5-star rated1energy retailer Diamond Energy, and Power Ledger, a blockchain-powered software platform that enables energy trading. 

According to the announcement, Every $30 worth of credit can be exchanged for a slab of beer that will be delivered to your doorstep.

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Disclaimer: The Cryptocurrency market is considered highly speculative, risky, and largely unregulated. Anyone mulling investing in it, should be aware there's a risk of losing their entire investment.


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