NearPay announces the launch of its virtual crypto cards and wallet apps

NearPay has launched its virtual cryptocurrency cards and its wallet apps available for both iOS and Android devices.

NearPay, a crypto finance protocol, announced on Friday, August 26th, that it has officially launched virtual crypto cards and its Wallet for iOS and Android to bring the modern digital banking experience to the world of crypto. 

According to the team, the NearPay Wallet is now available on all platforms, including Web, iOS and Android. NearPay allows users to purchase cryptocurrencies using their credit card or bank transfer. 

The app also allows users to send, receive and exchange cryptocurrencies or make withdrawals directly to bank accounts. Furthermore, users can instantly receive a Visa debit card, which allows them to spend cryptocurrencies for online purchases with automatic conversion to fiat. 

However, the NearPay team explained that the service is currently available to residents of the European Economic Area (EEA) and the UK. 

The team added that the NearPay Wallet already supports 38 cryptocurrencies, including NEAR, BTC, ETH, and USDT. 

While commenting on this latest development, Ivan Ilin, COO at NearPay said;

“At NearPay, we have taken the best features of modern digital banking and brought them to the world of crypto to create a simple interface that makes managing all your finances, both fiat and crypto, easier than ever. With our newly launched iOS and Android apps our customers can access NearPay Wallet on the go and instantly get virtual crypto cards to spend their assets without converting them in advance“.

NearPay is a cryptocurrency finance protocol that provides the easiest way to exchange, manage, and spend crypto. 

The NearPay Wallet provides a modern digital banking experience for both crypto and fiat assets.

According to Insider Intelligence, payments made using cryptocurrencies are expected to surpass $10 billion in total transaction value globally for the first time in 2022. The report added that 60% of crypto owners are interested in using crypto as a payment method to make online purchases more private or secure.

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ADA is up by 3% today as the Cardano community prepares for the Vasil upgrade

The cryptocurrency market could end the week in a bearish tone but ADA is outperforming the other major coins.

ADA, the native token of the Cardano blockchain, is the best performer amongst the top 10 cryptocurrencies by market cap. ADA has added more than 3% to its value, outperforming the broader market in the process.

The cryptocurrency market could end the week in a bearish fashion, with the market losing nearly 2% of its value in the last 24 hours. This has resulted in the total market cap dropping close to the $1 trillion mark.

Bitcoin has maintained its position above the $21k level but continues to struggle to move past the $22k resistance point in recent days. Ether, on the other hand, has dropped below $1,700 after losing more than 2% of its value in the last 24 hours.

ADA’s ongoing positive performance comes as the Cardano development team provided an update on its Vasil upgrade. 

According to Input Output, the development team behind the Cardano blockchain, they continue to work towards bringing the Vasil upgrade to mainnet. The team provided updates on bug issues and other miannet node status. 

Key levels to watch

The ADA/USD 4-hour chart is turning bullish as Cardano has been performing well over the last few hours. The technical indicators show that ADA is outperforming the broader crypto market.

The MACD line is close to entering the positive region, indicating bullish momentum for ADA. the 14-day RSI of 59 shows that ADA could enter the overbought zone if the positive momentum can be maintained.

At press time, ADA is trading at $0.4812 per coin. If the positive rally continues, ADA could surge past the $0.535 resistance level before the end of the day. However, ADA could find it hard to surpass the second major resistance level at $0.577 over the next few hours. 

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