Monat: April 2024

• Crypto.com and Adelaide Oval have integrated to enable the first ever crypto payments at an Australian stadium.
• Users will pay with crypto via Crypto.com Pay, with a AUD$10 cashback for first 1,000 transactions.
• The partnership also involves payments terminals provider DataMesh

Crypto.com has announced a major partnership with Adelaide Oval, one of the top sporting grounds in Australia.

According to details in a news release today, Crypto.com and Adelaide Oval have integrated to bring the first-ever crypto payments at a major stadium in Australia.

Oval is the home of Australian Rules football club Adelaide Crows.

Sports fans to pay via Crypto.com Pay at Adelaide Oval

In the announcement on Thursday, Crypto.com said its partnership with Adelaide Oval also includes DataMesh, a leading payments terminal provider.

The collaboration will see sports fans and concert-goers in the country pay with crypto at food and drinks outlets in the stadium. Customers will pay via Crypto.com Pay, the exchange’s payment solution that supports multiple cryptocurrencies.

Access to these services will be available starting April 4 at the AFL’s Gather Round.

The first 1,000 transactions during the event will receive a cashback of AUD$10, while more incentives will roll out during the 2024 Toyota AFL Premiership Season. 

Promotions will also target Adelaide Crows’ home games, Crypto.com announced.

“The payment technology we are introducing at Adelaide Oval is user-friendly for both the merchant and customer and extremely scalable, and we see a lot of promise for future integrations like this,” Karl Mohan, Crypto.com’s General Manager for APAC, said in a statement.

DataMesh CEO Mark Nagy said the launch of pay with crypto at Adelaide Oval is part of the company’s mission to “dismantle the barriers” that hinder crypto adoption.

Bridging the gap between traditional and digital payments empowers consumers, unlocking new payment options for users, Nagy noted.

The partnership with Adelaide Oval follows Crypto.com’s collaboration with Datamesh and OTR to debut the first in-store crypto payments system in Australia. 

This service is available at over 440 Peregrine retail outlets in Victoria, South Australia and Western Australia.

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• Social Network has announced its mainnet launch, scheduled for April 22.
• The fair launch will also include a gamified “touch grass” NFT experience for participants.

Social Network, a Bitcoin staking Layer-2 solution, has announced the launch of its mainnet as it seeks to add to Bitcoin’s scalability.

The platform’s mainnet launch is set for April 22, and will herald the start of a new incentive model for the burgeoning economy on the world’s largest blockchain network.

Social Network’s fair launch to include gamified experience

According to details shared with CoinJournal, Social Network’s launch comes after the team recently finalized a key milestone. This involved the launch of 369 Regens on Bitcoin’s block 9, a block that BTC creator Satoshi Nakamoto mined in 2009.

Social Network opened early access to the fair launch to more than 10,000 testnet contributors and the 369 Bitcoin Regen holders on April 1. The project will expand this to the public on April 14.

“Social Network represents a significant leap forward for Bitcoin, making it more accessible, efficient, and beneficial to the environment,” said Sukhveer Sanghera, Founder and CEO of Earth Wallet and Core Contributor to Social Network.

“We are excited to invite early adopters to join us on this journey to unlock Bitcoin as a utility for Earth scale regeneration, and experience the benefits firsthand,” Sanghera added.

As well as the fair launch, Social Network has revealed plans for an NFT experience for users.

While the platform looks to bolster decentralized access to staking rewards on Bitcoin, the Pokemon Go-like offering is designed to provide a gamified experience for participants.

The target, according to the team, is to promote both a fair global distribution as well as align the ecosystem with its sustainability goals.

“The gamification aspect of Social Network’s fair launch is a unique and engaging way to encourage people to explore the outdoors and reconnect with nature,” Elizabeth Tan, a Social Network contributor said.

The post Bitcoin staking Layer-2 Social Network announces mainnet launch appeared first on CoinJournal.

Binance has announced an end to platform support for Bitcoin NFTs.

Ordinals, or NFTs on the Bitcoin blockchain, have exploded in recent months even as the broader ecosystem experienced a lull.

Binance announces end to Bitcoin NFTs support

A blog post published on Thursday noted that the trading of Bitcoin NFTs on the Binance NFT marketplace ends on April 18. The exchange has advised all users to to withdraw all their Bitcoin NFTs via the BTC network before May 18.

“Starting from 2024-04-18 06:00 (UTC), users will no longer be able to buy, deposit, bid on, or list NFTs on the Binance NFT Marketplace via the Bitcoin network,” Binance said in a notice on April 4.

Binance will also cancel all listing orders on April 18, while its NFT marketplace will end all support for Bitcoin NFT airdrops and other related activities after April 10.

Runestone NFT holders also have until April 10 to withdraw their assets “to ensure they still have the opportunity to receive any associated tokens, utilities, and benefits.”

Binance stated that the decision to end support for NFTs on Bitcoin is “part of its ongoing efforts to streamline product offerings.”

The exchange added Bitcoin NFTs to its marketplace in June 2023.

Meanwhile, the Bitcoin ecosystem has seen a spike in Layer-2 and Ordinals projects as developers look to tap into the Bitcoin network’s security and reliability.

Recently launched projects that might have eyed the Binance NFT Marketplace may have to reconsider their options.

The post Binance to cease support for all Bitcoin NFTs appeared first on CoinJournal.

• PayPal enables use of PYUSD in cross-border transfers for Xoom users
• Xoom users in the US can convert PYUSD into USD and send money to 160 countries.

Xoom, the international money transfer platform of payments processing giant PayPal, has announced that it now supports the use of PayPal USD (PYUSD) as a funding option for users in the United States.

In an announcement today, the cross-border money transfer platform said eligible US users can now convert PYUSD into US dollars when looking to send money to friends and family.

PayPal expands PYUSD adoption

PayPal USD is a USD dollar-denominated stablecoin that PayPal launched in August 2023 and its use on Xoom will now see US users able to send money across borders to 160 countries.

There’s no crypto sale fee when converting PYUSD to USD and no Xoom transaction fees, the platform announced.

“When we decided to bring PayPal USD to market, we had two objectives we wanted to achieve: create something that had a stable value to maximize user confidence and ensure it had utility for commerce and payments,” Jose Fernandez da Ponte, SVP of Blockchain, Cryptocurrency, and Digital Currency Group at PayPal noted in a statement.

By enabling Xoom users in the US to tap into the new funding option, PayPal is expanding on its mission to bolster mainstream adoption of crypto, the PayPal exec added.

PayPal’s move to expand usage of its PYUSD stablecoin comes as the ecosystem sees increased adoption. Top stablecoins USDT and USDC continue to expand, while Ripple has announced plans to launch its own stablecoin pegged to the US dollar later this year.

According to data from CoinGecko, the current stablecoin market capitalization is $154 billion, with $106 billion for USDT and $33 billion for USDC.

PYUSD is the 12th largest stablecoin by market cap at $190 million.

The post Paypal’s Xoom adds PYUSD as funding for cross-border money transfers appeared first on CoinJournal.