Bitcoin In India Witnesses Surge, BitBuddy Launches Bitcoin Explorer & More
India witnesses surge in Bitcoin trading in the last three months
Bitcoin and Ethereum prices are at $9,696 and $243, respectively
Australia and New Zealand to accept cryptocurrency for buying Coca-Cola
The Bitcoin (BTC) trading in India has witnessed a massive surge in the last few months.
According to Useful Tulips, a data analytics platform highlighted the surge in local and peer-to-peer exchanges.
Meanwhile, Crypto trading platform Paxful, which is relatively a newcomer, has overtaken LocalBotcoins.
Furthermore, Bitcoin trading on Paxful surged to $1.48 Mn on May 10, whereas LocalBitcoins saw more than $1.25 Mn.
Ray Youssef, CEO at Paxful, told in a press statement that the Indian market holds great potential and importance for the future of the crypto economy.
The company is actively focusing their efforts on bringing cryptocurrency to the masses across the country to aid in eradication of poverty, boost economies and create jobs, especially in the post-Covid economy.
In April, a survey conducted by Paxful revealed that 75.8% rely on digital currencies to transfer money, and 64.8% believed it was the path to financial freedom.
The price of Bitcoin (BTC) at the time of writing was $9,696.45, with a market cap of $178.40 Bn, compared to last week (June 2, 2020) which stood at $10,103.5, with a market cap of $185 Bn.
Ethereum (ETH), on the other hand, was priced at $243.28, with a market cap of $27 Bn at the time of writing, compared to last week (June 2, 2020), where the price of the cryptocurrency was $247, with a market cap of $27 Bn.
Source: inc42.com
You can now buy a Coke with cryptocurrency across Australia and New Zealand
Vending machines across Australia and New Zealand will soon accept cryptocurrency, thanks to a partnership between Coca-Cola Amatil and digital asset integrator Centrapay.
Centrapay said its platform is designed to "help brands connect directly with individuals and increase revenue and operational efficiency for merchants".
Its CEO, Jerome Faury, believes the platform overcomes integration complexity and poor user experiences which have been barriers to the adoption of technologies such as digital identity and assets.
"We have solved both these issues.
Centrapay is pioneering the way to enable this new internet of value and bring its benefits to both consumers and merchants," he said in a statement on Tuesday.
"At Centrapay, we're working to create a future where individuals are in control of their own data and digital identity.
Brands can connect directly and ethically with people, empowering them to make the right purchasing decision, whilst also supporting their retail and other distribution partners."
Amatil's customers can use their Sylo Smart Wallet at any one of Coca-Cola's 2000+ vending machines with a QR code payment sticker.
These are located across New Zealand and Australia and will accept payments in cryptocurrency or other digital assets with a scan of the user's phone's camera, provided that the Sylo Smart Wallet is installed.
"Now we've shown how it can work in Australia and New Zealand, we're looking to grow the business globally.
We've established a presence in North America and will be targeting the US market next with some world-first innovations," Faury said.
With COVID-19 ushering people away from using physical cash to pay for goods and services, Centrapay believes transacting with digital assets is the perfect solution as it will also reduce how much people need to touch the vending machine. Vending machines across Australia already accept "tap and go" payments, allowing contactless transactions, however.
Source: zdnet.com
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