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…
Payments
Pepe and Raboo Gain Huge Popularity as Tesla Embraces DOGE Payments. Are They Elon Musk’s New Favorites?
With news that Tesla will accept Dogecoin payments, the effect has rippled through the entire meme coin market, with Pepe and Raboo gaining more popularity. Elon Musk has had a positive effect on the meme space in the past, and as Tesla payment methods continue to evolve, what could this mean for the meme market going forward? Elon Musk and Dogecoin: The perfect pair Dogecoin began as a playful experiment but has since grown into one of the most influential…
1 year ago
CityPay.io Gains Tether Support to Unveil E-Wallet Solutions and Expand Crypto Payments
Tether aims to help CityPay.io establish 500,000 crypto payment points in Georgia, Armenia, and surrounding regions. This collaboration reflects Tether’s commitment to promoting cryptocurrency adoption in developing Eastern European economies. Tether Operations Limited is strengthening its role in Eastern Europe by increasing its investment in CityPay.io, a payment processing company operating primarily in Georgia. This follows Tether’s 2023 investment, which marked the first instance of a stablecoin company supporting CityPay.io. The payment processor is active in more than 600 locations…
1 year ago
Bitfinex Pay and Awepay for Enterprise Payments Collaboration
[PRESS RELEASE – Kuala Lumpur, Malaysia, May 8th, 2024] Awepay.io, a digital payments technology provider known for its early pioneership of financial technologies for mainstream and alternative merchant segments for South East Asia has been welcome as the latest enterprise member for Bitfinex Pay, an emergent payment gateway that enables users to pay online for goods and services using a variety of cryptocurrencies popular today. The agreement, formalized on 8th April 2024, sees Awepay.io playing a catalytic role in accelerating…
1 year ago
Payments are a strong use case for privacy coins: Interview with Payy CEO, Sid Gandhi
The cryptocurrency industry has been making headlines lately for a variety of reasons. From Bitcoin recording all-time highs to Hong Kong's approval of ETFs, it appears that we are experiencing the surge in digital currencies like never before. Amidst these market dynamics, Zero-Knowledge (ZK) technology is garnering waves of interest, although the concept seems complex to grasp. In this interview, Payy CEO & Co-founder Sid Gandhi - a technology leader and entrepreneur shares how Payy is building a ZK-based global…
1 year ago
Elon Musk Teases Crypto Payments Revelation: X’s ‘End Goal’ Disclosed, Potential Impact on Bitcoin, Ethereum, XRP, and Dogecoin
X, led by Elon Musk, plans to integrate financial services, sparking speculation about crypto adoption. With licenses in 25 U.S. states, X might allow seamless crypto transactions within its platform. Twitter, now rebranded as X, has stirred speculation regarding its potential integration of cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin. Under the stewardship of Tesla billionaire Elon Musk, the social media platform has obtained money-transmitting licenses in 25 U.S. states, igniting rumors of a significant shift toward financial services integration. Christopher…
1 year ago
VeChain Sets Sights on $20 Trillion Payments Market with V3TR Trademark
VeChain is keen on revolutionizing the payments landscape with its innovative solutions. VeChain remains a major pioneer of blockchain-based enterprise innovations. VeChain (VET), the blockchain platform known for its focus on supply chain management and enterprise solutions, is expanding its scope into the vast payments market with the introduction of its V3TR trademark. As earlier reported by Crypto News Flash, this move signals VeChain’s strategic ambition to tap into the $20 trillion global payments sector. VeChain Witnesses Incredible Growth The…
1 year ago
Stripe Revives Crypto Payments After 6-Year Hiatus, Starts With USDC
Payments company Stripe announces its return to crypto payments after a six-year hiatus, starting with support for USDC stablecoin. Re-entry Announcement After being out of the crypto payments game for six years, renowned payments processor Stripe is re-entering the arena, kicking off with the USDC stablecoin. During a keynote address at Stripe’s Global Internet Economy conference, co-founder and President John Collison declared the company's return to crypto payments. Collison highlighted the improved transaction settlements, stating, “Transaction settlements are no longer…
1 year ago
BlackCard Redefines Crypto Payments With Token Launch And Key Listings
By introducing a plethora of useful features for crypto users, including the launch of the $BcCoin token (which will be featured on prominent crypto exchanges soon), BlackCard aims to be at the forefront of revolutionizing global cryptocurrency payment operations. By utilizing AI technology, the BlackCard Crypto Credit Card empowers users to easily integrate their digital assets into their respective everyday transactions, thereby removing the limitations commonly associated with traditional banking systems. What Does BlackCard Provide? With BlackCard, users can now…
1 year ago
StealthEX Partners with Pago Capital for Seamless Crypto Payments
StealthEX, an instant non-custodial crypto exchange, is happy to announce that it has partnered with Pago Capital, a user-friendly mobile app and wallet for borderless, secure, and real-time digital payments powered by the Algorand blockchain. With this integration, all Pago Capital users get the most efficient StealthEX crypto swapping options, including increased security, ease of transactions, and greater access to 1500+ cryptocurrencies. Integrating Pago with StealthEX aims to make blockchain payment systems more accessible for merchants and consumers, particularly in…
1 year ago