Visa’s Head of Crypto Inquires About Solana (SOL), PayPal Officially Enables Crypto Trading for UK Customers

Visa’s Head of Crypto Inquires About Solana (SOL), PayPal Officially Enables Crypto Trading for UK Customers

Payment giant PayPal announced on Friday that all the eligible customers in the UK can now buy, hold, and sell cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) & Litecoin (LTC), from their PayPal account.

While PayPal has gone with the typical crypto assets, Visa is currently exploring Solana (SOL). However, for now, it is related to stablecoin USDC.

“Would love to chat with anyone building a wallet on Solana that supports USDC and see how we can help with on-ramps and off-ramps,” said Cuy Sheffield, head of crypto at Visa.

Earlier this year, the payment card network had announced support for USDC to settle transactions. USDC is a stablecoin founded by the Center consortium of Circle and Coinbase, which supports several blockchains, including Ethereum, Algorand, Stellar, and Solana.

Last week, Jeremy Allaire, co-founder & CEO of Circle, had shared “the rapid growth of USDC on Solana,” to which Sheffield later responded, “Amazing to see the growth of USDC on Solana.”

Allaire talked about USDC supply on Solana blockchain getting doubled to 2 billion in just a week in his thread.

Besides in crypto finance and fintech, multi-chain USDC sees serious experimentation “for consumer scale payments and commerce, with profound implications for the global payments industry. 2022 is going to be amazing on this front,” he had said, adding, with this architecture enabling seamless consumer and institutional UX “we will see breakthroughs in on-chain payments, banking and capital markets.”

Besides Solana, Sheffield also inquired about the best non-custodial wallets that are optimized for Ethereum layer 2s. Layer 2 solutions like Arbitrum and Optimism aim to solve scalability on the second-largest network, which started to gain traction recently.

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Author: AnTy

Citibank Covers DeFi, says Open Financial Platform Enables ‘Greater Innovation and Competition’

Citibank Covers DeFi, says Open Financial Platform Enables ‘Greater Innovation and Competition’

New York City-based Citigroup is the latest bank to educate its fund managers on the concept of the booming decentralized finance (DeFi) sector.

This week, much like other banking giants, Citi reported better-than-expected earnings for the first quarter, driven by lower loan volumes and improvements in the macroeconomic outlook.

But for the cryptocurrency industry, what has been more interesting was the fact that their latest report, “Future of Money” on Crypto, CBDCs, and 21st Century Cash, covers the benefit of DeFi.

Defined as the “open financial platform on top of which all projects reside,” the openness of the ecosystem enables greater innovation and competition and allows uninterrupted interoperability, it said.

Name checking Maker (MKR), Compound (COMP), Uniswap (UNI), and UMA (UMA), the report further notes that one can seamlessly move capital between these platforms in minutes and minimal fees.

Programmability, transparency, permission-less, non-custodial, and lack of intermediaries are the benefits mentioned by the bank.

The report particualry covers MakerDAO in detail, calling it “The Decentral Bank,” a complication system that enables collateralized loans paid out in stablecoin. DAI is the network’s own crypto-based stablecoin which the bank says is akin to “so-called commercial bank money, which is backed by deposits or cash.”

It is defined as the heart of the DeFi ecosystem, which is one of the oldest and “most sophisticated projects on Ethereum.” ETH -3.62% Ethereum / USD ETHUSD $ 2,440.76
-$88.36-3.62%
Volume 36.12 b Change -$88.36 Open $2,440.76 Circulating 115.5 m Market Cap 281.9 b
4 h Miami-Dade County Task Force Is Looking at Ways for Residence to Pay Taxes Using Crypto 4 h UK Hedge Fund Brevan Howard Plans to Invest 1.6% of $5.6B Capital in Cryptocurrencies 8 h Crypto Lender Celsius Suffers Data Breach Through Third-Party Mailing List

The report then talks about how the lending protocol, which has over $9 billion in total value locked (TVL), can be thought of as a digital pawn shop or a perpetual repo market for digital assets.

The DeFi sector is growing at a fast pace, which first exploded into usage last summer when yield farming allowed people to earn as high as four-digit APY. From a mere $730 million in total value locked a year back, today, this sector has surpassed $100 billion in TVL.

The top 100 DeFi coins’ market cap has also reached about $130 billion, which was under $2 billion at the beginning of last year, as per CoinGecko.

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Author: AnTy

BitPrime Partners with Simplex to Provide a Solution to Buy Crypto with Credit Cards

First-to-market crypto offering in New Zealand enables a safe and convenient way to purchase crypto using debit and credit cards by joining forces with Simplex.

Christchurch, New Zealand – 26 November 2020 – BitPrime, New Zealand’s leading cryptocurrency retailer, today announced it has partnered with Simplex, the market-leading fiat/crypto infrastructure provider. The partnership provides a safe solution for those wishing to buy cryptocurrency using a credit card or debit card (Visa or Mastercard).

Available for the first time in New Zealand, the partnership takes advantage of Simplex’s fully protected, fraud-free platform for digital asset purchases and offers BitPrime customers yet another practical payment option to onramp to the crypto ecosystem.

The option to purchase crypto with a credit card has been one of the most highly requested features by current BitPrime customers over the company’s three-year history. The partnership with Simplex enables BitPrime users to easily onramp with a trusted partner that has an industry reputation for transparency and security.

The launch of this new payment solution comes as the price of Bitcoin reaches its highest since the all-time high of nearly NZD30,000 in February 2017.

BitPrime has partnered with Simplex to utilize the company’s state-of-the-art AI technology that analyses the risk of every payment and actively blocks fraudulent users. Simplex also provides all users with award-winning customer support, available 24/7, should they need help to complete their purchases.

Ross Carter-Brown, CEO of BitPrime, said “We’re taking cryptocurrency to the world. Our new credit card payment gateway allows us to service customers from 178 different countries. We know that New Zealand is a desirable jurisdiction to do business for many people, especially for financial services. That’s due to our strong personal property protections, political stability, and low corruption. Our partnership with Simplex is a crucial piece of infrastructure that will help meet that demand”.

”Simplex gives anyone, anywhere the ability to buy any digital assets easily and securely”, said Simplex founder and CEO, Nimrod Lehavi. “Our partnership with BitPrime empowers millions to onramp conveniently, using their bank cards.”

BitPrime allows customers to purchase as little as $100 worth of cryptocurrencies and the newly launched payment solution also supports international customers.

To learn more about this service, or to try it out, visit

ABOUT BITPRIME

New Zealand owned and operated, BitPrime is at the forefront of full-service cryptocurrency trading solutions in the country. We’re passionate about our professional service and have a strong focus on providing free education and tech support for beginner’s through to professional investors. BitPrime is here to make it easy and secure to trade digital assets. BITPRIME LIMITED (FSP595609) Registered.

ABOUT SIMPLEX

Simplex has been changing the status quo of crypto on/off ramps since 2014. As the market leader, Simplex pioneered the first riskless global fiat onramp using credit and debit cards, promising a zero-chargeback guarantee. Working alongside the biggest names in the crypto ecosystem, Simplex provides the complete fiat infrastructure for the cryptocurrency ecosystem. As a licensed EU financial institution, Simplex was selected as one of the 10 most impactful companies in blockchain in 2020.

Disclaimer: This is a paid press release from BitPrime. BitcoinExchangeGuide does not endorse, nor are we responsible for the content included in this paid release. We encourage all of our readers to do their research before interacting with the company.

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Author: Bitcoin Exchange Guide News Team

Bitcoin Payment Processor Rolls Out ‘BitPay Send’ to Allow Companies to Pay With Crypto

BitPay has announced a new product dubbed ‘BitPay Send,’ which enables companies to make crypto payments without necessarily holding digital assets. The crypto payment services provider targets extending its clientele portfolio with BitPay Send to bridge the gap that exists when it comes to paying for labor or services in crypto.

Powered by a blockchain ecosystem, the BitPay Send platform is built to increase efficiency in crypto payments and target companies of all sizes. This innovation facilitates massive payments such as the ones companies make to contractors, vendors, customers, affiliates, and employee salaries. Given the growing nature of the distributed economy, BitPay Send poses as an ideal platform for companies that source talent, especially from the gig economy.

Per the current systems, transactions can be extremely slow and costly, especially when a cross-border operation is involved. BitPay Send solves this challenge by supporting round the clock crypto payments across the globe. BitPay CEO, Stephen Pair, noted the high rate of blockchain payments adoption, which he attributes to the ease of sending and receiving payments globally. He added that,

“Traditional international payment methods are cumbersome, costly, and slow. With BitPay Send, companies can make mass payouts without having to buy, own or manage crypto and their recipients receive payments quicker and at a lower cost.”

BitPay Send is already in use by AdGate Media, which leverages the facility to make crypto payments to its affiliates. Basically, BitPay assumes the conversion risk, while AdGate only makes a fiat deposit paid out to an affiliate in crypto. Dan Sapozhnikov, the President of AdGate Media, was keen to highlight the value proposition by BitPay Send in their line of business,

“We have lots of affiliates who wanted to be paid in Bitcoin, especially those who are based outside North America and Europe where access to bank accounts is difficult …

having BitPay manage that risk was an important factor in choosing BitPay Send.”

Notably, recipients will only require a BitPay ID and crypto wallet hence the whole notion of eliminating banks as intermediaries. BitPay, which has been operational since 2011, enjoys the backing of prominent investment firms, which include Virgin Group, Index Ventures, and Founders Fund.

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Author: Edwin Munyui

K Merchant: Secure Cryptocurrency Payment Gateway App?

K Merchant

What Is K Merchant?

K-Merchant is the first crypto merchant that enables users to accept crypto payments just with a simple scan. The platform enables users to gain access to a transparent and decentralized exchange system on the blockchain.

Importantly, K-Merchant provides a secure payment gateway. Orchestrated through a powerful API, the system develops friendly and easy to integrate crypto payments. Top crypto coins involved include KBC, BTC, and ETH. Besides, it comes with an insightful dashboard—one place to manage all your merchant data. Users can also utilize the Swift Onboarding feature, which enables a blazing fast merchant enrollment through online forms.

K Merchant Powerful Features

K-Merchant offers everything you need from a payment solution provider.

  • Karat Merchant—the first crypto bank
  • One-Click Payments: users enjoy instant purchases, with no need to reenter card details.
  • Tailored checkout: Your logo, your brand colors, and your unique User Experience
  • Safe and secure: PCI-DSS compliance, with 24/7 fraud monitoring
  • Quality Focused: the platform provides seamless user experience and continuous conversion rate optimization.
  • Payment Link: This makes it easier and simple to accept payments
  • Innovative dashboard: users have access to multiple providers and banks, with a single integration

K-Merchant is involved in more projects

The platform is honored to work with innovators across all industries. It provides an extended array of payment module integrations for top-rated e-commerce platforms. With its easy-to-integrate plugins, users can add cryptocurrency payments to their websites using customizable modules integrated with the most popular ecommerce platforms.

K Merchant driven by crypto payments

Importantly the platform operates 24/7, providing users with services throughout the holidays and on Black Friday. Importantly, K-Merchant is a technology company with a full-status banking license and a seasoned support team that is ready to help users at all times.

K-Merchant app is available for both Apple and Android devices, to provide users with a fast, private, and reliable way to accept payments for their online or real shop.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Bitcoin Exchange Guide News Team

Folgory Review: Making it Easier for Crypto Lovers to Instantly Accept and Convert Crypto

Folgory Review: Making it Easier for Crypto Lovers to Instantly Accept and Convert Crypto

Folgory is a digital merchant solution based on the crypto platform. Its design enables users to store and instantly accept different types of crypto.

With this solution, you get to sell from your merchant store directly and transmit payment requests to buyers through email. You can do all this via a single blockchain solution.

Why Use Folgory?

One of the hardest things that merchants operating today have had to deal with is the influx of cryptocurrencies. There are a dozen cryptocurrencies getting launched each day. As a savvy businessperson, you will want to make sure that you can address all the needs of your clients with ease.

Folgory is here to make this a possibility. With this solution, you get to do the following online:

Send Request Payments

How do you make sure that you get paid on time and without inconveniencing your personnel or your clients? By sending a payment request! The solution is designed in such a way that merchants can send invoices at any time without having to worry about the payments they are asking for.

Within the request, the customer will find information pertaining to how much they should pay, and how to go about it. They can then send the funds directly to your digital wallet.

In-Store Payment

With in-store payment, all a merchant needs to do is display their QR code to their clients. Ensure that the code you place in your shop, restaurant, or hotel is visible.

Clients can then make payments through the POS terminal, screen, or their Android/iOS mobile wallets. Payment is made securely and within seconds.

Wallet Euro Converter

Merchants can convert their digital assets into crypto or vice versa using Folgory. All this is done within a click of a button.

What happens is that clients receive the funds in a real-time and they get to make a decision whether to top up their Folgory cards, convert to euro, or top up their digital wallets.

Paying for online services is easier thanks to Folgory. You can also check the status of your online transactions using the onscreen dashboard.

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Author: Bitcoin Exchange Guide News Team