Reddit, the social network built upon the interest of its users, launched the $MOON ERC-20 token in May this year. The token is rewarded to users of the cryptocurrency part of the platform for their participation and contribution. These tokens can now be sold for cash, it emerged recently. Similar to the crypto-based social network … Continue reading Reddit $MOON Tokens Can Now Be Sold For Fiat
Ripple’s chief technology officer (CTO) David Schwartz discussed the key role Ripple (XRP) tokens and other cryptocurrencies would play in a market where central bank digital currencies were gaining traction as a hot topic. How crypto comes into play as CBDCs emerge The XRP chief technology officer also disclosed that he thought that “a global … Continue reading Ripple CTO Assesses XRP as a Bridge Cryptocurrency Between CBDCs, Stablecoins, and Fiat
TEL AVIV, Israel, November 2020 – Simplex, the global market leader of the fiat-crypto infrastructure, announced the launch of a long-anticipated addition to its product suite: Simplex Banking, a revolutionary method that enables crypto exchanges and wallets to offer anyone, anywhere to buy and sell crypto assets. Simplex Banking offers hundreds of crypto wallets, exchanges, … Continue reading Simplex Redefines the Fiat-to-Crypto/Crypto-to-Fiat Experience With the Launch of the Simplex Banking Solution
Alfred Kelly, the Chief Executive Officer of payment services provider Visa Inc has reiterated the company’s plans to work with Bitcoin wallets to enable the conversion of BTC to fiat currencies. Per the reports on the matter, the proposed plans by the company will position it to be the mainstream payment firm championing the global … Continue reading Visa to Work with Bitcoin Wallets to Enable BTC Conversion to Fiat
A poll showed that more than three-quarters of Salvadorans are sceptical towards the implementation of Bitcoin across the country, according to Reuters, citing a survey released Thursday. About 54% of people viewed the bitcoin adoption as “not at all correct”, another 24% described it as “only a little correct.” In comparison, merely less than 20% … Continue reading More than 75% Salvadoran Distrust in Bitcoin as Fiat Money, Poll suggests
JPMorgan Chase, citing a report, stated that El Salvador’s designation of Bitcoin as legal tender would bring various obstacles to its country, questioning the robustness of the payment mechanism, Bloomberg reported Monday. A team at JPMorgan Chase stated that Bitcoin’s cross-traffic liquidity, high price volatility, and USD exchange risk are the main challenges for its … Continue reading JPMorgan: El Salvador to Face multiple Obstacles on the way to Implement Bitcoin as Fiat Money
MoneyGram International Inc has partnered with the Stellar blockchain network to enable instant money transfers using Circle’s USDC stablecoin. Traditional cross-border payments giant MoneyGram announced on Wednesday, October 6, that it is working with the Stellar Development Foundation to launch the new service. Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation, talked … Continue reading Moneygram Partners with Stellar Blockchain Network to Enable Instant Crypto-To-Fiat Settlements Using USDC Stablecoin
On-and-off ramp Web3 solution Banxa’s new partnership with cryptocurrency exchange AAX now allows customers to purchase crypto with fiat and vice versa. “Partnering with Banxa to offer more options around the on and off-ramps into crypto and strengthen crypto-to-fiat liquidity is a crucial part of AAX’s expansion work, especially as we engage the mainstream and … Continue reading Banxa's Partners with AAX to Allow Purchase of Crypto with Fiat and Vice Versa
Huobi Global has partnered with AstroPay to provide fiat-to-crypto payment services for cryptocurrency exchange users in Latin America. The partnership with AstroPay will help in facilitating a secure payment platform to enable traders on Huobi Global for frictionless buying and selling of crypto assets using fiat currency. “Latin America lays claim to a young and … Continue reading Huobi Partners with AstroPay to Provide Fiat-to-Crypto Payment Services in Latin America
Fiat exchange volumes fell for the fifth time in a row as September ended, according to The Block’s Data Dashboard. Among crypto exchanges that support fiat, FTX ranked highest in terms of volume in September with 24.6%, followed by Coinbase with 22.7 % and Upbit with 13%, the data showed. While the August exchanges report … Continue reading Fiat Exchange Volumes Down 5 Times in a Row: The Block