20 hours ago
5 days ago
🚨 SWIFT launches system to simplify tokenized asset (RWA) transactions.
SWIFT is updating its system to support real-time transfers of tokenized assets, connecting blockchains, CBDCs and fiat currencies for seamless global transactions.
“Our vision is that our members can use their Swift connection to transact interchangeably using both existing and emerging asset and currency types.”
https://www.swift.com/news...
SWIFT is updating its system to support real-time transfers of tokenized assets, connecting blockchains, CBDCs and fiat currencies for seamless global transactions.
“Our vision is that our members can use their Swift connection to transact interchangeably using both existing and emerging asset and currency types.”
https://www.swift.com/news...
5 days ago
💬 BlackRock claims on its website that #Bitcoin "could serve as a hedge against growing global disorder and declining confidence in governments, banks and fiat currencies."
12 days ago
Mercuryo, a Web3 payments provider, has announced the rollout of Spend, a virtual debit card promising to streamline crypto payments.
Complete with Apple Pay and Google Pay compatibility, Spend facilitates payments directly from Solana wallets to over 90M Mastercard merchants across the globe.
WHAT IS SPEND??
Mercuryo’s Spend allows wallet apps to integrate virtual Mastercard debit cards directly into their applications. Through the Spend Card, Mercury promises to enable the crypto community to use their crypto assets to “spend on anything. Anytime. Anywhere.”
Spend aims to provide a fast and cost-effective method for crypto users to convert and spend their digital assets from their wallets. Beyond the simplicity of Mastercard, Apple Pay, and Google Pay integration, Spend also offers card customization, meaning wallet providers can incorporate their logos into virtual cards.
Spend is fully self-custodial, meaning users have full control over any assets deposited into the card account. Additionally, the platform offers multi-chain support, including Solana, Ethereum, and PolkaDot.
As part of the announcement, Mercuryo teased that several leading Web3 wallets will be adding Spend in the near future. SolanaFloor engaged Mercuryo for comment on the matter but is yet to receive a response.
Why Web3 Needs Better Off-Ramps
Since the birth of the industry, crypto companies have focused tirelessly on streamlining the flow of funds into decentralized economies. According to Mercuryo, “on-ramping is now a user-friendly process, and users can purchase crypto with ease.”
While onboarding has become easier with exchanges and third-party apps readily available, bringing funds back into the real world still poses significant barriers. Mercuryo argues that the biggest struggles facing crypto off-ramping are:
1. Poor UX of existing solutions - Users need to jump through a variety of hoops to withdraw funds. Many platforms are only available in certain regions and popular offboarding platforms offer limited support outside of mainstream cryptos.
2. Bank restrictions - Traditional banks often block payments from crypto-related companies and freeze accounts suspected of interacting with cryptocurrency.
3. Extortionate fees - Third-party apps and intermediaries can charge high fees on crypto-to-fiat withdrawals, discouraging users from transferring funds.
Slow processing times - After becoming accustomed to rapid, permissionless transfers onchain, crypto-to-fiat withdrawals can feel slow and cumbersome.
While the industry loves to discuss and promote progress and efforts toward crypto onboarding, finding seamless methods of getting funds off-chain is equally important.
Mercuryo’s commitment to simplified crypto off-ramps helps to legitimize digital currencies as meaningful financial tools. Through the Spend card, millions of crypto users may be able to enjoy improved access to their funds in real-world contexts, solidifying the role of cryptocurrency in the Web2 world
Complete with Apple Pay and Google Pay compatibility, Spend facilitates payments directly from Solana wallets to over 90M Mastercard merchants across the globe.
WHAT IS SPEND??
Mercuryo’s Spend allows wallet apps to integrate virtual Mastercard debit cards directly into their applications. Through the Spend Card, Mercury promises to enable the crypto community to use their crypto assets to “spend on anything. Anytime. Anywhere.”
Spend aims to provide a fast and cost-effective method for crypto users to convert and spend their digital assets from their wallets. Beyond the simplicity of Mastercard, Apple Pay, and Google Pay integration, Spend also offers card customization, meaning wallet providers can incorporate their logos into virtual cards.
Spend is fully self-custodial, meaning users have full control over any assets deposited into the card account. Additionally, the platform offers multi-chain support, including Solana, Ethereum, and PolkaDot.
As part of the announcement, Mercuryo teased that several leading Web3 wallets will be adding Spend in the near future. SolanaFloor engaged Mercuryo for comment on the matter but is yet to receive a response.
Why Web3 Needs Better Off-Ramps
Since the birth of the industry, crypto companies have focused tirelessly on streamlining the flow of funds into decentralized economies. According to Mercuryo, “on-ramping is now a user-friendly process, and users can purchase crypto with ease.”
While onboarding has become easier with exchanges and third-party apps readily available, bringing funds back into the real world still poses significant barriers. Mercuryo argues that the biggest struggles facing crypto off-ramping are:
1. Poor UX of existing solutions - Users need to jump through a variety of hoops to withdraw funds. Many platforms are only available in certain regions and popular offboarding platforms offer limited support outside of mainstream cryptos.
2. Bank restrictions - Traditional banks often block payments from crypto-related companies and freeze accounts suspected of interacting with cryptocurrency.
3. Extortionate fees - Third-party apps and intermediaries can charge high fees on crypto-to-fiat withdrawals, discouraging users from transferring funds.
Slow processing times - After becoming accustomed to rapid, permissionless transfers onchain, crypto-to-fiat withdrawals can feel slow and cumbersome.
While the industry loves to discuss and promote progress and efforts toward crypto onboarding, finding seamless methods of getting funds off-chain is equally important.
Mercuryo’s commitment to simplified crypto off-ramps helps to legitimize digital currencies as meaningful financial tools. Through the Spend card, millions of crypto users may be able to enjoy improved access to their funds in real-world contexts, solidifying the role of cryptocurrency in the Web2 world
25 days ago
BTC, against the background of a fairly positive speech by Powell of the US Federal Reserve, that it was time to change the Fed's policy and start lowering rates, the data we will receive on inflation on September 11 will give confidence in further rate cuts at subsequent Fed meetings.
Bitcoin has broken through the local resistance level against this background, we are moving along the setup that was written on the 20th. Slowly but surely we are moving towards the 70,000-73,000 mark, after which a new round of growth will begin. But still, this requires a pin on a weekly tamframe.
the withdrawal from the exchanges exceeds the input - 35%, 11,000 btc
Significant volumes!
Altcoins have grown significantly from the lower level of the squiz on August 5th. Some have already risen 2 x higher. While the waiters were waiting below. We bought in the VIP channel, and he already sees the result in our deposit! There is still a part of the fiat free, but I will not use it yet, it will probably increase the deposit in the x125 group for trading speculative transactions. I will let you know about it closer to September 11.
Altcoins have also come close to important downward trends in the capitalization of altcoins. The breakdown and closing above will already give a more significant increase in altcoins, and those entry points that we had for coins, many will already start biting their elbows! Patience is a profit!
https://www.tradingview.co.../
Bitcoin has broken through the local resistance level against this background, we are moving along the setup that was written on the 20th. Slowly but surely we are moving towards the 70,000-73,000 mark, after which a new round of growth will begin. But still, this requires a pin on a weekly tamframe.
the withdrawal from the exchanges exceeds the input - 35%, 11,000 btc
Significant volumes!
Altcoins have grown significantly from the lower level of the squiz on August 5th. Some have already risen 2 x higher. While the waiters were waiting below. We bought in the VIP channel, and he already sees the result in our deposit! There is still a part of the fiat free, but I will not use it yet, it will probably increase the deposit in the x125 group for trading speculative transactions. I will let you know about it closer to September 11.
Altcoins have also come close to important downward trends in the capitalization of altcoins. The breakdown and closing above will already give a more significant increase in altcoins, and those entry points that we had for coins, many will already start biting their elbows! Patience is a profit!
https://www.tradingview.co.../
1 month ago
🚨 MetaMask partners with Mastercard and Baanx to launch the world's first Mastercard debit card that enables instant spending directly from your self-custody wallet.
The MetaMask Card works like a traditional debit card: users can make purchases directly from their MetaMask wallet.
The Crypto is then instantly converted to fiat and available for purchases online or in-store.
“MetaMask Card represents a major step towards eliminating the friction that exists between blockchain and traditional payments. It is a paradigm shift that offers the best of both worlds,” said Lorenzo Santos, Senior Product Manager at Consensys
https://consensys.io/blog/...
The MetaMask Card works like a traditional debit card: users can make purchases directly from their MetaMask wallet.
The Crypto is then instantly converted to fiat and available for purchases online or in-store.
“MetaMask Card represents a major step towards eliminating the friction that exists between blockchain and traditional payments. It is a paradigm shift that offers the best of both worlds,” said Lorenzo Santos, Senior Product Manager at Consensys
https://consensys.io/blog/...
MetaMask, Mastercard and Baanx Unveil Revolutionary Way to Pay with Crypto | Consensys
MetaMask launches the world’s first Mastercard debit card that enables instant spending directly from your self-custody wallet.
https://consensys.io/blog/metamask-mastercard-and-baanx-unveil-revolutionary-way-to-pay-with-crypto-pr
1 month ago
BTC, yesterday there was a re-test of the 60,000 level, which could not be immediately returned. Let me remind you that a lot of important data will be released this week, with the help of which the market can turn around if there is good data. The right step is to wait for this news within a week, make an action plan, place limit orders and wait. There is no place to pour free fiat directly into the current ones. We also read the post above, which describes the local support levels.
the withdrawal from the exchanges exceeds the input - 18%, 1,200 btc
Altcoins, the situation is similar here. I keep a free fiat until the data is released. Yesterday, as we saw, most altcoins showed growth, as a result of a slight correction in the dominance of Bitcoin. Subject to a deeper correction of Bitcoin's dominance, one can imagine what percentages of growth altcoins can show. There is not much time left to recruit altcoins. The correction in the market cannot be eternal...The growth of altcoins is a matter of time.
https://www.tradingview.co.../
the withdrawal from the exchanges exceeds the input - 18%, 1,200 btc
Altcoins, the situation is similar here. I keep a free fiat until the data is released. Yesterday, as we saw, most altcoins showed growth, as a result of a slight correction in the dominance of Bitcoin. Subject to a deeper correction of Bitcoin's dominance, one can imagine what percentages of growth altcoins can show. There is not much time left to recruit altcoins. The correction in the market cannot be eternal...The growth of altcoins is a matter of time.
https://www.tradingview.co.../
1 month ago
Daily Memecoin Recap - August 7
Volume starting to pick up as $btc , $sol recover
Runners Of The Day
$btw -> $1 .6m to $15 .6m (9.75x), banana taped to a wall, after pulling back yesterday, reached new ATH's today, good community
$nani -> hit $3m , KOLs in, dog meme
$minion -> hit $2 .8m, "Jesus Minion Confessions", unique concept where they post people's confessions
$chango -> hit $2 .3m, monkey with a machine gun
$jajak -> hit $1 .4m, funny meme
$tt -> hit $1m , "Thumb Thumb", spy kids meme
Insider Trump Coin
$twc -> hit $5 .5m, "Trumpwifcrown"
- Speculation that this was Trump's coin after Eric Trump's tweet saying "Stay tuned for a big announcement"
- Heavily sniped with insane volume, currently at $50k
- Plenty of smart wallets aped
Kamala Harris Announces Her VP Pick
$coconut -> $5m to $11 .3m (2.26x), KamalaHarris
, cult community, new ATH
$walz -> $315k to $2m (6.35x), based on Tim_Walz
Dog Meta
$wDOG -> $12m to $26m (2.16x), wrapped dog, currently retracing
$bicho -> $93k to $1 .8m (19x), coin out since June but heavily pushed today, $michi beta
$drc -> hit $995k , "Dog Riding Chicken", CTO
$pitbull -> hit $720k
$pooku -> hit $645k , CTO
$borf -> hit $475k , cartoon dog
$waffles -> hit $220k
Cat Meta
$neo -> hit $1 .8m, "The one", cat + matrix
$apple -> hit $340k , a cat with an apple
$icd -> hit $250k , "International Cat Day" is today
Other Cooks
$fiat -> hit $500k
$sheep -> hit $465k , same dev as $goat which peaked at $45m
$slog -> hit $370k , snail meme
$rockstar -> hit $240k , rock shaped like a star
What did you catch?
Volume starting to pick up as $btc , $sol recover
Runners Of The Day
$btw -> $1 .6m to $15 .6m (9.75x), banana taped to a wall, after pulling back yesterday, reached new ATH's today, good community
$nani -> hit $3m , KOLs in, dog meme
$minion -> hit $2 .8m, "Jesus Minion Confessions", unique concept where they post people's confessions
$chango -> hit $2 .3m, monkey with a machine gun
$jajak -> hit $1 .4m, funny meme
$tt -> hit $1m , "Thumb Thumb", spy kids meme
Insider Trump Coin
$twc -> hit $5 .5m, "Trumpwifcrown"
- Speculation that this was Trump's coin after Eric Trump's tweet saying "Stay tuned for a big announcement"
- Heavily sniped with insane volume, currently at $50k
- Plenty of smart wallets aped
Kamala Harris Announces Her VP Pick
$coconut -> $5m to $11 .3m (2.26x), KamalaHarris
, cult community, new ATH
$walz -> $315k to $2m (6.35x), based on Tim_Walz
Dog Meta
$wDOG -> $12m to $26m (2.16x), wrapped dog, currently retracing
$bicho -> $93k to $1 .8m (19x), coin out since June but heavily pushed today, $michi beta
$drc -> hit $995k , "Dog Riding Chicken", CTO
$pitbull -> hit $720k
$pooku -> hit $645k , CTO
$borf -> hit $475k , cartoon dog
$waffles -> hit $220k
Cat Meta
$neo -> hit $1 .8m, "The one", cat + matrix
$apple -> hit $340k , a cat with an apple
$icd -> hit $250k , "International Cat Day" is today
Other Cooks
$fiat -> hit $500k
$sheep -> hit $465k , same dev as $goat which peaked at $45m
$slog -> hit $370k , snail meme
$rockstar -> hit $240k , rock shaped like a star
What did you catch?
1 month ago
BTC wrote yesterday that the market needs to recover within a week or two. I think this is an extremely important point. There is also a breakdown of the key resistance zone of 70,000-73,000 and even higher. All this needs to be done within these deadlines. The market has been in flat or correction for quite a long time, at the current it has been 5 months. The edge is 6 months. Whales have accumulated and bought more than 404,000 Bitcoins recently, on the drain the day before yesterday, there were purchases from whales, there were large deposits on Fiat Exchanges to buy off this strait. More than $ 1.2 billion was placed on the Binance Exchange alone. The hash rate of Bitcoin has recovered, as well as reached new highs. This is a positive moment for the start of a new cycle. A kind of indicator.
the withdrawal from the exchanges exceeds the input - 4%, 1,700 btc
Altcoins, as well as the story about Altcoins, the restoration of which is necessary within a week or two. Let me remind you that altcoins have been in flat or correction for the 5th month.
This has been going on for at least a long time and is approaching the term recession. August and September will be key for Altcoins! It won't be long, patience is a profit!
https://www.tradingview.co.../
the withdrawal from the exchanges exceeds the input - 4%, 1,700 btc
Altcoins, as well as the story about Altcoins, the restoration of which is necessary within a week or two. Let me remind you that altcoins have been in flat or correction for the 5th month.
This has been going on for at least a long time and is approaching the term recession. August and September will be key for Altcoins! It won't be long, patience is a profit!
https://www.tradingview.co.../
2 months ago
Crypto affluent, fiat frustrated… Strong belief that a 2nd bankruptcy can’t ruin me. Donald would agree 100%. I paid $9000 into a Consumer proposal, then realized I was maintaining “credit” with the wrong creditor (BTC)…. A new age indeed. Our hopes are high that we can get a return!
2 months ago
When is pay day? Crypto is great, but right now some Fiat in the wallet is what I am looking for, folks.
2 months ago
Court documents reveals that Binance has received court approval to put customer fiat funds into US Treasury Bills.
2 months ago
Solana-based Helio introduces Auto-Transfer, a feature that converts crypto purchases to fiat and transfers them directly to merchants' bank accounts, simplifying transactions on platforms like Shopify and Woo.
2 months ago
🤝 Chiliz entered into a partnership with AlchemyPay .
Alchemy Pay now supports Chiliz Chain & Fan Tokens!
Fiat-to-crypto payments will be available in 173 countries around the world and in more than 50 fiat currencies.
At the moment, the integration includes CHZ, ACM, ARG, ATM, and 10 other Fan Tokens.
https://x.com/alchemypay/s...
Alchemy Pay now supports Chiliz Chain & Fan Tokens!
Fiat-to-crypto payments will be available in 173 countries around the world and in more than 50 fiat currencies.
At the moment, the integration includes CHZ, ACM, ARG, ATM, and 10 other Fan Tokens.
https://x.com/alchemypay/s...
2 months ago
PayPal USD, the fiat-backed stablecoin launched by one of the world’s most recognizable brands, is finding a home for itself within Solana’s booming DeFi ecosystem.
When PYUSD launched on Solana in late May, many network participants saw it as an inferior alternative to established stablecoins like Circle’s USDC. However, a meteoric rise in PYUSD supply in recent weeks suggests that there may be more demand for PayPal USD than originally anticipated.
PYUSD Supply on Solana Up 198% in Two Weeks, What’s Driving PayPal USD’s Explosive Growth??
When PYUSD launched on Solana in late May, many network participants saw it as an inferior alternative to established stablecoins like Circle’s USDC. However, a meteoric rise in PYUSD supply in recent weeks suggests that there may be more demand for PayPal USD than originally anticipated.
PYUSD Supply on Solana Up 198% in Two Weeks, What’s Driving PayPal USD’s Explosive Growth??
2 months ago
Stablecoins are cryptocurrencies designed to maintain a stable value, often backed by assets such as the US dollar or the euro.
Currently, they represent 84% of the total volume of exchanges in the crypto ecosystem.
In other words, the vast majority of transactions are made using stablecoins rather than traditional fiat currencies.
Currently, they represent 84% of the total volume of exchanges in the crypto ecosystem.
In other words, the vast majority of transactions are made using stablecoins rather than traditional fiat currencies.
3 months ago
. Uniswap Wallet integrates Transak to facilitate fiat-crypto conversions :
Uniswap partners with Transak to integrate fiat-crypto conversion services into Uniswap Wallet. Users will be able to buy cryptos directly with fiat currencies via Apple Pay, Google Pay, credit cards.
. The Bahamas wants to force local banks to integrate their CBDC :
The Bahamas is preparing legislation requiring banks to support their CBDC, the "Sand Dollar". According to the governor of the central bank, banks will have to offer access to this digital currency to their customers within two years.
. Cometh and Worldcoin collaborate to facilitate account abstraction :
The French startup Cometh has received a grant from the Worldcoin Foundation to develop a mobile library integrating access keys, ERC-4337, and Safe smart accounts in World Chain wallets.
. Bitfarms increases its production capacity :
In June, Bitfarms increased its Bitcoin production by 21%, reaching 189 BTC, despite a decrease of 51% compared to June 2023 due to the last halving. The company sold 134 BTC for $8 .8 million and now holds 905 BTC.
Uniswap partners with Transak to integrate fiat-crypto conversion services into Uniswap Wallet. Users will be able to buy cryptos directly with fiat currencies via Apple Pay, Google Pay, credit cards.
. The Bahamas wants to force local banks to integrate their CBDC :
The Bahamas is preparing legislation requiring banks to support their CBDC, the "Sand Dollar". According to the governor of the central bank, banks will have to offer access to this digital currency to their customers within two years.
. Cometh and Worldcoin collaborate to facilitate account abstraction :
The French startup Cometh has received a grant from the Worldcoin Foundation to develop a mobile library integrating access keys, ERC-4337, and Safe smart accounts in World Chain wallets.
. Bitfarms increases its production capacity :
In June, Bitfarms increased its Bitcoin production by 21%, reaching 189 BTC, despite a decrease of 51% compared to June 2023 due to the last halving. The company sold 134 BTC for $8 .8 million and now holds 905 BTC.
3 months ago
Solana's Liquidity layer Marginfi has partnered with Meso a network created to enable fast and secure transactions between banks and crypto wallets in order to enable fiat-to-crypto transfers, boosting solana liquidity directly from US bank accounts
