Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Afterpay
Afterpay is Looking to Venture into Crypto, Urges Australian Government to Enhance Research
Afterpay is looking into cryptos as a way of cutting payment costs for merchants. The company has reason to think that an AUD-backed stablecoin is not too far in the future. For Australia's crypto investors, it seems like great news. Laying Foundation for a Local Stablecoin Jack Dorsey's Square recently purchased Afterpay for AU$39 billion. At the moment, however, it is not offering crypto-related products. An AUD-supported stablecoin would provide Australian cryptocurrency users and investment companies with an alternative value. They will…
4 years ago
Square Purchases Afterpay to Offer Settlement in Installments Services
On Sunday, Square announced that it has plans to buy Afterpay, an Australian fintech company. The company centers around allowing customers to make payments in four-free installments, and if they miss an automatic payment, they pay. Over the 16 million customers Afterpay has access and manage their installments over the Square Cash App. However, it is still not possible until the final transfer takes place over the first quarter of 2022. Square is Advancing its Payments Option Square, founded by…
4 years ago