Skip to main content

Cryptocurrency This Week

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.

Cryptocurrency This Week: Bitcoin In India Witnesses Surge, BitBuddy Launches Bitcoin Explorer & More

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.

Cryptocurrency This Week: Bitcoin In India Witnesses Surge, BitBuddy Launches Bitcoin Explorer & More

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.

Cryptocurrency This Week: Bitcoin In India Witnesses Surge, BitBuddy Launches Bitcoin Explorer & More

Source: inc42.com

You can now buy a Coke with cryptocurrency across Australia and New Zealand

coca-cola-coke-coca-cola.jpg

Image: Sebaztian Barns/ZDNet

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

Comments

Contact us

Name

Email *

Message *

Popular posts from this blog

Cryptocurrencies Adding to the Safety and Security in the UK Gambling Industry

These are exciting times for the UK gambling industry. The impact of internet technology is now being felt with online gambling now controlling the industry.  The adoption of cutting-edge technology is reasonable for the boom in the industry. From live casinos, mobile apps to artificial intelligence, incredible trends continue shaping the gambling industry. However, it is the rise of cryptocurrency casinos that seeks to redefine UK gambling.  Many operators now include crypto coins such as bitcoin, Ethereum and Litecoin as part of their banking methods. Others offer exclusive bitcoin payments and promotions based on digital tokens. This revolutionary trend has a huge impact due to enhanced safety and security on these platforms. Players looking for peace of mind when playing online now opt to use cryptocurrencies. This post looks at how cryptos guarantee the safety and security of players at online casinos. How Cryptocurrency Gambling Works There’s a lot of talk ab...

Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

  Customers in those countries who send crypto outside their Coinbase accounts must provide recipients’ names, addresses and in some cases, additional information, as of early April. Cryptocurrency exchange Coinbase Global (COIN) will soon require its customers in Canada, Japan and Singapore who send cryptocurrency to another financial institution or exchange to provide the name, address and in the case of Japan, the destination wallet of the recipient. Coinbase has been sending notices to its customers in those countries that the changes will take effect in early April in order to comply with local travel rules in those places. Coinbase didn't immediately respond to requests for additional comment on the moves, but confirmed that they were taking place. The move  does not seem to be going over well  with Coinbase customers in those countries, who value the anonymity of transactions using cryptocurrency. According to a  FAQ provided by Coinbase , for Canadian users, ...

Farm GRASS earn MONEY

  Use your Unused Internet Bandwidth to make $$$ In today’s interconnected world, the concept of passive income has taken on new dimensions, offering innovative ways for individuals to monetize underutilized assets.  One such groundbreaking avenue involves earning money by selling your unused internet connection.  By participating in decentralized networks like Grass, individuals have the opportunity to turn their dormant bandwidth into a valuable asset, contributing to a fairer and more equitable digital landscape while generating income. Grass is a decentralized network sharing application designed to offer an alternative to existing centralized networks.  It allows users to sell their unused bandwidth directly, without the need for exploitative middlemen.  The platform operates by enabling users to download a web extension that runs in the background, assisting others in accessing public web data in exchange for payment using the protocol’s native token. How ...