Tag: crypto

Does Bitpay benefits Apple Pay Users?

YES! It does  

Bitcoin and cryptocurrency

Payment services, the world’s biggest network, today confirmed that the US 
BitPay Digital Mastercard cardholders will link their wallets to Apple WalletTM and spend with Apple Pay. BitPay cardholders can make safe  transactions in shops, on mobile, and online via Apple Pay. BitPay’s U.S. 
Cardholders will now add their Apple Pay wallets to their prepaid Mastercard.  

BitPay says it’s bitcoin

cards could be linked to its Apple Wallet on Friday, opening a unique way for cryptocurrency holders to shop through Apple Pay. We have thousands of clients
using BitPay Card with the BitPay Wallet app who are always searching for  new places and ways to invest their crypto,” We include thousands of BitPay Wallet app customers using BitPay places and ways to spend their crypto,”  said the chief executive of BitPay. BitPay continues to innovate its global blockchain technologies to make payments quicker, simpler, and easier
than ever for Bitcoin and other cryptocurrencies.

The BitPay Wallet app is designed to allow 

Bitcoin is to be managed and spent by customers, converted into dollars and spent with the BitPay Card as well. The BitPay Wallet feature offers a set of services to leverage blockchain users to purchase, store crypto and make online payments. Users will quickly purchase gift cards in stores and online from hundreds of the largest brands. BitPay Card allows clients to convert  to fiat
 the currency immediately, which is then loaded onto the card and can be spent
 anywhere Mastercard debit is authorized.  
Bitcoin, Bitcoin Cash, as well as Ether, are backed by BitPay wallet software, as well as four dollar-pegged stable coins, USDC, GUSD, PAX, and BUSD. Cardholders should have the latest release of the BitPay app to  connect a
card to the Apple Wallet. 

BitPay: Benefits 

•In 2011, when Bitcoin was in its beginnings, BitPay was developed. The scope for Bitcoin was seen by Mr. Stephens, founder of BitPay – to revolutionize the financial industry, making payments on such a global scale faster, safer, and far less costly. 
•With the mission of transforming how corporations and individuals send, receive, and store money, BitPay pioneered blockchain payment processing.
Its business solutions remove fraud fees; reduce payment processing costs and enable, among many other features, seamless payment in cryptocurrencies. 
•BitPay provides a full digital asset management system to customers that involves BitPay Wallet and BitPay Prepaid Cards, allowing them to  transform
digital assets into dollars for the vast majority of companies to invest in. 
The card is now available in the U.S., with the company’s website enabling customers around Europe to sign up with the expected most recent versions on a waiting list. 

What is the relevancy of stable coins in crypto market?

Stablecoins were created in an attempt to lessen the volatile nature of the cryptocurrency market.
The first stable coin, Tether (USDT), is the highest and most influential in the category. It boasts the highest trading volume of any digital asset daily. Today, USD Coin, which is backed by 1:1 by the US dollar, is the fastest-growing reserve.
The New York State Department of Financial Services is in charge of the Paxos Standard, which is denominated in US dollars (NYDFS).
With cryptocurrencies, volatility has been nearly constant. Stablecoins are a sort of cryptocurrency that attempts to reduce the risk that has been widely criticized in the industry.
Stablecoins exist solely to provide a non-volatile crypto alternative, hence the name.
They provide the proper level of constancy for the fiat currency or product they represent to be backed by. Let’s take a look at the most well-known stablecoins on the market right now, now that we’ve established what they are.
USD Binance (BUSD)
The BUSD was created by Binance, the world’s largest cryptocurrency exchange, to provide a Binance-native solution to several other significant stable coins. Binance offers two fiat-backed stablecoins: BUSD and BGBP. BUSD is pegged to the US dollar, while BGBP is pegged to the British pound. The most widely used of the two is BUSD, which can be utilized in a variety of Defi protocols. On Binance Smart Chain’s decentralized trading pools, it is the default main currency. It should not be confused with Binance Coin (BNB), which is the native token of the Binance DEX (decentralized exchange).
tether (USDT)
Tether, the first stablecoin, was launched in 2014 and is still the most valuable on the market. Tether has attempted to preserve its status as one of the most powerful stablecoins on the market by capitalizing on the first mover’s advantage. Tether’s popularity is evident in the fact that it has the highest daily trade volume in the industry. Over $170 billion in USDT has been traded in the last 24 hours, for example. Tether’s market capitalization is at least twice that of any other stable coin.
Standard Paxos (PAX)
Paxos Standard is one of the most prominent stablecoins because it is fully regulated by the New York State Department of Financial Services (NYDFS). This identical coin was introduced in 2018 when Tether was under extreme duress during the early Bull Run. PAX is an ERC-20 stable coin that is 1:1 backed by the US dollar. To promote efficiency, PAX coins are authorized via an audited smart contract.
Coin of the United States Dollar (USDC)
The most recent stablecoin, USD Coin (USDC), has the fastest reserve, as it is backed 1:1 by the US dollar. Not only that but the monies are stored in financial institutions regulated by the US government.
In September of 2018, the USDC was established. It’s a BEP-20 token that’s a popular cost asset in BSC’s Defi financing.
These are some of the factors that determine the USD Coin’s popularity. USD Coin effectively has the second-largest market cap among stablecoins. It is also the 16th-largest cryptocurrency, with a market valuation of $11.1 billion.

Is zero-carbon token future of tomorrow?

Fortunately, late developments and advances, for example, the blockchain have prompted a few answers for address these issues, and quite possibly the most encouraging arrangements come from Zero Carbon, a blockchain-based task that is ready to shake the business with its exceptional way to deal with how energy is burned-through today. 

A Zero Carbon token utilizes blockchain to battle environmental change. Customers can save money on energy and earn Zero Carbon token coins by switching to zero-carbon energy in the crypto market. Introducers might gain from spreading the word as well. By undercutting both renewable energy and fossil fuels on price, the Zero Carbon

The market can produce a faster reduction in carbon emissions. An established blockchain-driven economy with Energy tokens as significant reward-based incentives for customer activity can also act as the catalyst for change. A project in the area that aims to use blockchain technology to reshape the online travel sector has a very high incentive in the future.

This idea is a blockchain revolution uniquely, combining logistics with zero-carbon options. In this awful era of global warming and pandemics, the world must become carbon-free. Zero carbon tokens will be used to communicate important aspects of the digital ecosystem. It will provide token utility as well as a more advanced blockchain platform. These tokens have utility worth since energy providers need to source them to pay the exchange charges needed to take part in the Zero Carbon Market.

 How does it work?.

 The Zero Carbon token tackles climate change by lowering carbon emissions directly around the world. They do it by utilizing a mechanism that utilizes international carbon credits to balance the carbon emissions of energy contracts in a considerably more cost-effective manner than relying just on renewable energy.

Not only is this technology substantially less expensive than renewable energy, but it also cuts total carbon emissions by the same amount at a fraction of the cost! One unique feature of Zero Carbon is that energy suppliers pay the platform’s transaction fees rather than end-users, though consumers can decide to pay the transaction fees in exchange for lower energy rates.

Consumers can purchase electricity packages from suppliers through Zero Carbon’s market, which allows energy suppliers to list and sell their contracts to consumers. Consumers can choose from a list of suppliers, much as in a traditional marketplace, and Zero Carbon will display important information such as the cost of power or the advantages offered by each source to help them make smarter decisions.

Also read: What is Lightning Network in the world of crypto?

 

 

 

 

Should you still invest in Dogecoin?

By 2024, the digital currency will have grown by almost 1,400 times.
This year has witnessed a surge in interest in Dogecoin, a cryptocurrency that was launched in 2013 and now has a market capitalization of about $9 billion, placing it among the top twenty cryptocurrencies in the world.
Even though Dogecoin’s price is currently about 7 cents, the coin, which trades on an exchange under the symbol “DOGE,” is expected to increase by 1,400 percent in 2024. The cryptocurrency, pronounced “dohj coin,” has exploded in popularity this year, with several celebrities, including Tesla CEO Elon Musk, advertising it on his path to new highs.
So, what is the state of the DOGE? Should you invest in Dogecoin? Examining the cryptocurrency’s history, comparing it to competitors, and evaluating its phenomenal growth will properly answer the question.
The year 2021 will be remembered as the Year of the Meme
For investors, Dogecoin is a fascinating invention,” said Julian Hosp, CEO, and co-founder of DeFi, a decentralized finance service that allows anyone to lend cryptocurrency in exchange for interest. “It’s amusing when you realize Dogecoin was originally conceived as a joke based on a meme,” Hosp explains. That’s correct. Dogecoin’s emblem is a Shiba Inu dog that has become an internet sensation.
Dogecoin’s logo is a Shiba Inu dog that became an internet hit in 2013 for being funny.
Unlike Bitcoin, it is not being considered as a greater store of value: There is currently more than 129 billion DOGE in circulation. Only over 19 million Bitcoins are in circulation, with only 21 million possible. The number of Dogecoin units that can be created has no limit, and billions more will be created each year. That’s a lot of contradictory theories.
The plentiful supply may explain why a coin that was worth 35 times its value a year ago and more than 10 times its value at the start of the year is now only worth about 7 cents. Yes, in reality, a ridiculous token will take off in 2021, the same year that “meme stocks” like GameStop (GME), AMC Entertainment (AMC), and Bed Bath & Beyond (BBBY) skyrocketed in value thanks to Reddit excitement.
Determining the DOGE Value
George Chrysochou, an investor and global head of marketing for Financer.com, sees more red signs than DOGE’s meme status alone.
“The idea is driven by the community, but it has never been formally adopted,” Chrysochou explains. “There isn’t even an official development plan or a white paper accessible.
Also read: Elon Musk claims Tesla will accept Bitcoin as a payment method.
Its founder and main developers departed the project in 2015, and they have repeatedly indicated that it is overrated. “These are early implementation factors to consider,” says the author. In cryptocurrencies, where there are no earnings expectations or dividends, subjective concerns become even more important.
However, there are certain objective techniques for measuring a currency’s fair worth, such as comparing it to other cryptocurrencies like Bitcoin.
The simplest approach to compare DOGE and BTC is to price them in Satoshis, or sats, which are one hundred millionth of a Bitcoin.
A coin with the potential for unauthorized dilution with a source in such an online joke is probably not the greatest choice, except for speculative investors. Publicity stunts, even if unwittingly supplied by Elon Musk, aren’t enough to make Dogecoin a good investment.
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