Kategorie: Crypto Analysis

Italian cryptocurrency wallet provider, Conio, has announced a new open banking partnership with Mesh Connect, a digital asset integration platform headquartered in the US.

The partnership will allow Conio’s 430,000 users to access ten leading cryptocurrency exchanges directly through the Conio app. This integration eliminates the need for cumbersome processes such as scanning QR codes for transactions. Utilizing open banking technology, a single Mesh Connect account can authenticate users across more than 300 centralized crypto exchanges and self-custody wallets, significantly simplifying the crypto trading and management process.

Founded in 2015, Conio is backed by Poste Italiane, Banca Finint, B Heroes, and Banca Generali Private. The crypto wallet provider has raised a total of $20.5 million, most recently a $14 million Series B led by Banca Generali.

Mesh Connect, founded in 2020 and headquartered in San Francisco, was previously known as Front Financial. It’s backed by a number of prominent investment firms, including Plug and Play Ventures, PayPal Ventures, Samsung Next, and Rembrandt Venture Partners. Its most recent funding was a $22 million Series A, which it closed in January 2024, bringing its total fundraising to $32 million.

Announcing this new open banking partnership, Bam Azizi, Founder and CEO of Mesh, said:

“Open banking is Europe’s next major catalyst for digital asset adoption, and with our partnership with Conio, we are deploying the infrastructure to make safe and seamless aggregation and crypto transfers possible for hundreds of thousands of users in the region.”

Christian Miccoli, CEO and founder of Conio, added:

“Our mission is to make the world of digital assets accessible and secure for everyone. This collaboration with Mesh is a crucial step towards consolidating an integrated ecosystem that simplifies the use of secure custody solutions like Conio’s. We are excited to offer our users a unique platform for managing their assets, combining security, simplicity, and direct access to leading exchange platforms.”

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• Crypto cards offer lower fees, stability, and exclusive discounts for travelers.
• Many crypto cards also provide rewards, cashback, and enhanced security for global travelers.
• The Mountain Wolf crypto card features a secure multi-currency wallet and instant payments.

A growing number of travelers are favoring cryptocurrency cards over traditional travel money cards, according to new trend data, with these growing crypto adoption rates driven in large part by travelers under the age of 35. 

With the allure of lower transaction fees, enhanced security, and exclusive discounts, crypto cards are increasingly revolutionizing how people manage their finances both at home and abroad. 

In this article, we delve into the benefits of using crypto cards for travel and highlight the rise of platforms like Mountain Wolf, which are leading the charge in this digital payment transformation.

The rise of crypto cards in travel

As technology evolves, traveling in 2024 has become increasingly digital, and cryptocurrency is at the forefront of this shift. 

Traditional travel money cards, while still popular, are losing ground to the more innovative and cost-effective crypto cards. 

In fact, Google Trends data reveals that demand for crypto cards surpassed demand for currency cards for the first time ever in the spring and summer of 2021, and that trend could be set to recur in the upcoming summer vacation period. 

One of the primary reasons for this shift is the significant reduction in transaction fees. Traditional credit and debit cards often incur high fees and unfavorable exchange rates when used abroad. 

In contrast, cryptocurrency operates on a decentralized system with much lower transaction fees. For instance, Bitcoin and Ethereum transactions generally have lower fees compared to international credit card transactions, making them a more economical choice for travelers.

Moreover, crypto cards offer protection against currency fluctuations, a feature particularly appealing in regions with volatile currencies. 

By using stablecoins like USDT or USDC, travelers can avoid the risks associated with sudden exchange rate changes, ensuring better control over their travel budget. This stability is a significant advantage over traditional travel money cards, which are subject to the whims of the foreign exchange market.

Another compelling reason for the growing preference for crypto cards is the exclusive discounts offered by many travel agencies and service providers. Platforms like Travala, a blockchain-based travel booking service, provide discounts on hotels, flights, and activities when paid with cryptocurrencies. 

For example, using Travala’s native cryptocurrency (AVA) can grant an additional 3% discount on bookings. Such incentives and the increasing number of crypto cards make crypto cards an attractive option for savvy travelers looking to maximize their savings.

Mountain Wolf’s crypto card among the most preferred by travelers

Amid the rise of the use of cryptocurrency cards in traveling, Mountain Wolf is among the crypto platforms leading the charge in integrating cryptocurrency into travel. Their crypto card stands out for its multi-currency wallet, which securely houses both FIAT and crypto assets. 

This feature alone offers unparalleled convenience for travelers who no longer need to juggle multiple cards or worry about currency conversions.

The Mountain Wolf crypto card allows for seamless digital payments worldwide, including payrolls, e-commerce, and ATM withdrawals. A unique feature, “Send-Wolf,” ensures instant payments between Mountain Wolf accounts, streamlining the transaction process. 

Furthermore, for those keen on trading, Mountain Wolf provides a user-friendly crypto exchange with competitive rates and swift execution, further enhancing the travel experience.

In addition to lower transaction fees, Mountain Wolf’s crypto card offers various payment options, including SEPA, SWIFT, and Vouchers, providing flexibility for its users. The platform is also committed to expanding its portfolio of currencies, products, and services, continually enhancing its value proposition.

Security is another cornerstone of Mountain Wolf’s offering. The platform employs powerful identity verification systems, gold-standard wallet custody, blockchain analytics, and multi-layer security, ensuring users’ assets and data remain protected. This level of security and transparency reduces the risk of fraud and hidden charges, providing travelers with peace of mind.

Conclusion

The growing acceptance of cryptocurrency worldwide further underscores the benefits of using crypto cards for travel. 

As of 2023, travelers from the USA made 103.4 million outbound visits, with the UK welcoming 4.6 million American travelers according to market research done by VisitBritain. These travelers spent a total of £6 billion, with an average spend of £1,300 per person. 

With such significant travel activity, the cost-saving advantages of crypto cards become even more apparent.

Crypto cards also offer rewards programs and cashback on travel-related expenses including purchases and travel bookings, which can be redeemed for future travel expenses. This added benefit makes crypto cards not only practical but also a financially rewarding choice for modern travelers.

In a nutshell, with the growing acceptance and technological advancements, crypto cards are set to become the preferred choice for travel payments, marking a significant shift in how we manage our finances on the go.

The post Crypto takes flight – Growing number of travelers favoring crypto cards over travel money cards appeared first on CoinJournal.

Meme coins have done well in the past few months, with most of them outperforming the likes of Bitcoin, Ethereum, and Solana. Tokens like Floki Inu, Dogwifhat, and Pepe have all jumped by more than 300% this year while most big coins have jumped by less than 100%. 

Dogecoin and Shiba Inu lose momentum

There are signs that most traders are focusing on newer meme coins as the biggest ones lose momentum. 

A good example is looking at the performance of pioneer tokens like Dogecoin and Shiba Inu. The two tokens have jumped by over 20% and 30%, respectively while most newer tokens like Dogwifhat and Pepe have more than doubled.

The other way to look at this is their daily trading volume. Data by CoinMarketCap shows that the volume of Dogecoin in the past 24 hours stood at over $288 million while Shiba Inu stood at more than $115 million. These are small numbers considering that these tokens have a market cap of over $17 billion and $9.9 billion.

In contrast, Pepe’s volume in the past 24 hours stood at over $356 million while Dogwifhat had $326 million. The two’s market cap stands at over $4.5 billion and $1.9 billion, respectively. 

Other smaller tokens like Floki, Bonk, and Mog Coin are also seeing higher volume than Dogecoin and Shiba Inu. 

Solciety is doing well

This performance is happening at a time when Solciety’s token sale is doing well. Recent data shows that the Solciety network has raised over $556k in less than a month, meaning that investors are bullish about the network.

Solciety is an upcoming token that hopes to become a leading player in the meme coin industry. Specifically, the developers hope that it will become the leading political meme coin because of its neutrality. 

That is unlike other politically biased tokens like TRUMP and JEO Boden that are biased. Instead, its standout feature, the meme coin generator allows users to create their own memes, share them on social, and then be rewarded. 

The developers are hoping that funds raised in the presale will help them build the biggest meme coin platform in the industry. As part of its tokenomics, Solciety will have 10 billion tokens, 30% of which will be through its token sale and 20% will be used in marketing. The rest of the funds will go to Treasury, Liquidity, and Development.

Solciety joins other networks that have raised millions of dollars in token sales this year. Bitcoin Dogs raised over $13 million in a token sale while BitBot raised over $6 million. You can buy the Solciety token here.

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• Solana rolled out the Blinks and Action feature, allowing users to buy crypto, tip vendors, and transact directly on the blockchain from regular websites and social media apps.
• The Solana Foundations says “Actions” will allow developers to integrate Solana ecosystem transactions into regular websites and apps.

The Solana Foundation, in collaboration with Dialect, an on-chain smart messaging protocol, built “Actions and Blinks” (also called “Actions”), a set of features that allow users to interact with the Solana blockchain directly from a website,  popular social media applications, or QR code.

The feature aims to bring Solana closer to everyday users by allowing developers to integrate virtually all transactions into websites and applications that regular people already use.

Actions and blinks on Solana allow any website and application on the internet to be a distribution point for on-chain interactions – furthering the goal of mainstream adoption,” said Jon Wong, the Solana Foundation’s head of ecosystem engineering.

“From your X feed, you can buy an NFT, tip a creator, receive money, vote, stake, swap, and so much more,” says Chris Osborn, founder of Dialect.

Popular Solana wallets like Phantom and Backpack will immediately support the new features, while others can integrate by following the instructions in the chain’s developer documentation.

Applications like Telegram trading bots, which simplify the on-chain trading process, have been successful and serve as a reference for the viability of features that plug into Web2.

While Solana is not the first to roll out extended blockchain functionality on social media, it is the first to plug directly into Web2 social media.

The post Solana rolls out new features for trading Crypto on regular social media apps appeared first on CoinJournal.

• Cryptocurrency prices have crashed hard in the past few weeks.

• The crash happened as Bitcoin supply increases and as hopes of a Fed cut increases.

• BitBot will start its token claim event on Thursday.

Bitcoin and other cryptocurrency prices remained under pressure on Wednesday as investors waited for the next important catalyst. After rising to $62,000, Bitcoin dropped to $60,000, triggering a reversal among most altcoins. Some of the top laggards were the likes of Blur, Mother Iggy, Turbo, and Apu Apustaja.

Why cryptocurrencies are crashing

There are three main reasons why cryptocurrencies are retreating. First, the drop is mostly because there have been no major catalyst to push the coins higher in the past few months. The most important events have already happened this year.

The Securities and Exchange Commission (SEC) has already approved spot Bitcoin ETFs while the halving event has already happened. There are signs that the agency will approve spot Ethereum ETFs soon. 

Second, they have dived because of the ongoing Bitcoin selling pressure. The German government has dumped substantial amounts of Bitcoin in the past few days. Similarly, many exchanges and Mt. Gox have started selling coins. Moves in the Bitcoin market tend to have an impact on other altcoins.

Finally, there are signs that the Fed will be among the last central banks to slash interest rates because US inflation has held quite steady in the past few months. The headline Consumer Price Index (CPI) has remained above 3% and has struggled to move to the Fed’s target of 2%.

There are other reasons why these coins have crashed. Technically, Bitcoin has formed a death cross, which is a popular bearish sign while the volume of Tether transactions has retreated. 

Attention turns to BitBot

Amidst this gloom, investors have turned to BitBot, one of the most popular pre-sale coins in the industry. The developers raised over $4.3 million in its token sale as hopes of its rally continued. 

BitBot will be in the spotlight on Thursday as the developers open the network for claiming. Those who participated in the token sale will be required to first connect their wallets from the BitBot website. They will need to use the wallet they used to purchase the BitBot tokens.

https://x.com/Official_Bitbot/status/1805902031997075804

After that, one will need to click the claim token in BitBot token and then verify their Telegram account. Finally, one will need to complete the claim process by clicking the verification button.

Analysts believe that BitBot has a great future because of what the network promises to do. For starters, BitBot aims to be the biggest Telegram trading bot in the industry. Users will be able to receive quality trading signals and alerts in a non custodial manner. You can find more about BitBot here.

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