Tag Archives: Bitcoin Adoption

Madhur Deora – CFO of Paytm – recently said that his company might enable Bitcoin offerings if it gains permission from Indian regulators. Paytm is one of India’s largest mobile payment platform, meaning over 330 million users could gain access to simplified Bitcoin payments if the company follows through. Waiting on Regulator’s Permission The CFO hinted at possible Bitcoin services in an interview with Bloomberg this Thursday. In conversation with Haslinda Amin and Rishaad...

The president of El Salvador has done it again. As a good Bitcoin maximalist, the price crash didn’t scare him, and instead of complaining or tweeting that his precious coin was going to $0, he just bought more Bitcoin, A LOT of Bitcoin. In a tweet shared a few hours ago, Nayib Bukele announced that he bought the dip. Buying the dip is an expression that refers to taking advantage of a bear market to buy a cheap asset during the crash and then waiting to profit once the...

FTX, the booming cryptocurrency and crypto derivatives exchange founded by Sam Bankman Fried, recently purchased an ad for next year’s Super Bowl, according to reports. The Super Bowl is the most significant event in American football. It is the annual championship game of the National Football League. The NFL is the most valuable professional sports league in U.S. and Canada, with some US$13 billion in revenue, according to Sport Casting data. For reference only, the MLB and...

In another venture within the digital asset space, Mastercard is preparing to expand the cryptocurrency economy in a whole new way, according to a recent report. The payment services giant will soon announce the provision of crypto-integrated services to every bank and merchant on its network. Mastercard’s Big Crypto Plan As revealed by CNBC earlier today, banks using Mastercard will be able to integrate cryptocurrency into many of their products. These could include credit...

United Wholesale Mortgage (UWM) – a leading mortgage provider in the USA – has decided to stop allowing its customers to settle payments in cryptocurrencies, citing “regulatory uncertainty” in the industry as a reason. Change of Heart In August, the Michigan-based wholesale lender – United Wholesale Mortgage – announced that clients could pay for home loans in Bitcoin and thus became the first major US mortgage lender to adopt digital assets as a payment method. Later on, it...

If you didn’t like the way Nayib Bukele was implementing his Bitcoin policy in El Salvador, maybe his latest actions will change your mind, or at least make you admit he wants to be a bit cute. After experiencing his first days in the green, the president of El Salvador revealed he was going to use the proceeds of his country’s BTC investment to build a massive pet hospital. The self-described coolest dictator in the world shared the news on his Twitter account a few hours...

The latest cryptocurrency adoption cases are coming from the fashion brand – PacSun, as well as the charity organization – Nicklaus Children’s Hospital Foundation. PacSun Also Caught The Crypto Wave One more firm that enabled digital asset settlements is PacSun. The major brand in the fashion and retail space added bitcoin and other cryptocurrencies using the leading blockchain payment provider – BitPay. Namely, those are Ethereum (ETH), Bitcoin Cash (BCH), Wrapped Bitcoin...

Lord Fusitu – a Tongan barrister, landowner, and MP – is a fervent supporter of making Bitcoin a true currency inside the nation’s borders. He plans on tabling a bill to make Bitcoin legal tender alongside Tonga’s national currency, the pa’anga. Why Make Bitcoin Legal Tender in Tonga? Tonga is a small island nation and archipelago east of Australia. As reported by Financial Review, Fusitu’s first step towards adopting Bitcoin is to work with Jack Maller’s digital wallet...

El Salvador’s state-owned digital wallet company “Chivo” will be granting citizens a discount on fuel payments. This provides greater incentives for citizens to use Bitcoin as a medium of exchange. Chivo Partners With Major Gas Companies Nayib Bukele – President of El Salvador – announced the new benefit yesterday over Twitter. The reveal was part of a longer thread on the nation’s efforts to reduce the cost of fuel in the country. The government will be absorbing further...

The Puerto Rican billionaire businessman – Orlando Bravo – believes cryptocurrencies will play a significant role in the future monetary system. He admitted that he is a bitcoin owner as he anticipates its price to surge in the following years. ‘How Could You Not Love Crypto?’ Orlando Bravo – Co-Founder and Managing Partner of Thoma Bravo – shared his optimistic prediction about the future of the digital asset industry. He labeled it as a “great,” ” frictionless,” and...