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Why Tap Global Will Become Next Big Crypto Payment Card

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Tap Global lets users convert their crypto into some of the most used fiat currencies: USD, Euro, Pound Sterling, and AUD is coming soon. The conversion happens at the best rates too. 

Tell me something: what’s the use of holding a bag of gold if you can’t spend it? Gold is meant to be spent. It’s meant to be frittered away on good food, wine, and the spices of life. Do you have a bag of gold you can’t spend?

Bitcoin is digital gold, we’ve heard it said time after time. And you might just have some BTC or other cryptocurrency gathering dust somewhere. Perhaps you want to spend it … but the hassle of exchanging it to fiat with all those fees and wait times and problems is just too much of a headache.

How about you avoid all that stress? Turn your crypto into spendable fiat. Instantly.

Tap Global – Your Passport to Spending

If you’ve been thinking of taking that bag of bitcoin and spending it, consider putting it on a prepaid Tap Global Mastercard. Your world will open up.

Tap Global lets you convert your crypto into some of the most used fiat currencies: USD, Euro, Pound Sterling, and coming soon AUD. The conversion happens at the best rates too.

You won’t need to hunt for which exchange will give you the best price because Tap scans 100’s of global order books within seconds to find the best rate for you and complete the purchase or sale of currencies in real-time.

After conversion, you can spend freely (and avoid COVID) by using Tap’s contactless payments.

Headache – gone. Wealth – accessed.

Tap Global – Built for Crypto Holders

It’s more than a Mastercard.

Tap Global is an entire suite of services designed and built with crypto holders in mind.

Check out their app; you’ll find a multi-coin e-wallet waiting for you. It’s also authorised and regulated by the Gibraltar Financial Services Commission. Add to this the fact that Tap Global and your funds are also insured up to €100 million USD by Lloyd’s of London and you have a winning combination for trust and safety.

Use their app. Their intelligent software connects to the biggest crypto exchanges simultaneously, letting you trade instantly into a broad basket of various cryptocurrencies. It’s like being a kid in a candy store.

Speaking of candy, how about purchasing some that’s actually good for you?

Tap Global shows it’s more than a Mastercard by enabling users to buy their token called XTP. It’s listed on Bithumb Global and it’s directly related to how successful Tap Global becomes.

Now, for those who are just starting out as a crypto holder, you don’t need to worry about funding your wallet with crypto or XTP just yet. You can fund your account with a bank transfer or debit card. Then, you can buy cryptocurrencies on the Tap app for a 0.5% to 1.5% fee — some of the lowest in the industry.

Whichever level of crypto holder you are, at least you can trade on the app and know that your crypto is both safe in Tap’s cold storage vaults and quickly accessible to spend. It’s the best of both worlds: peace of mind + convenience.

Speaking of convenience – quick side note – if you’re a jet-setter or globe trotter, Tap lets you convert fiat or cryptocurrency into the currency you need at your new destination. Fiat conversions are free up to £1000 per month. No additional charges or unfavorable FX rates while traveling because no one needs financial stress on their vacation.

Tap Global – It’s Verified

There’s an old saying in crypto: don’t trust, verify.

Perhaps, until this point, you’ve been leaning towards getting that Tap Global Mastercard – but what if TAP goes bust? This is a legitimate concern.

The Wirecard AG debacle made headlines around the world. It put both consumers and business on edge. Financial services should not have so many pitfalls.

Thankfully, EEA customers can turn to Tap, the first prepaid Mastercard related crypto card operating in Europe, enabling users to instantly transform digital assets into spendable assets.

Raj Dhamodharan, executive vice president of digital asset and blockchain products and partnerships at Mastercard, who went on record to say:

“The cryptocurrency market continues to mature, and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today’s digital economy.”

No wonder Tap Global expanded into a new partnership with Hay to provide AUD Bank Accounts and eventually AUD TAP cards to people in Australia who are crypto holders and regulars alike. With all these features and strong support — Tap really will go global.

It’s easy to see why…

Tap Global is verified. Your fiat holdings are not held by Tap, they are stored in a tier-one bank which Tap cannot access. Your crypto assets are stored in a secure cold storage facility that has insurance cover against any hacking etc. Although Tap has only relatively recently launched to the public, this was to ensure that all of the pieces of the puzzle were in place to protect the consumer.

With all these perks and benefits, Tap Global makes holding crypto as easy as holding fiat – maybe even better than holding fiat?

So Tap into your wealth today. And spend it.

Altcoin News, Bitcoin News, Cryptocurrency news, FinTech News, News

Author: Alan Knight

Alan is an early Bitcoin investor and a long-time trader in the crypto market. He’s fascinated by the complex possibilities of blockchain and tries to make this topic accessible to everyone.



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Fidelity Buys 7.4% Stake in Marathon Digital Holdings

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Marathon is a well-liked stock among institutional asset managers. Two days ago, the company declared a 66% rise in its Bitcoin month-over-month production.

American multinational services company Fidelity Investments has bought 7.4% stakes of Marathon Digital Holdings, which is a patent-holding company and the parent firm of Uniloc.

Marathon Digital Holdings currently functions as a digital asset technology company. The firm mines cryptocurrencies, targeting the Blockchain ecosystem and the production of digital assets. It manages 19000 miners, with an additional 100,000 electronic devices to be implemented in the next 12 months.

The agreement for the deal was concluded at $20 Mn on 22nd July. The shares were distributed across four index-based funds- The Extended Market Index Fund, Fidelity Nasdaq Composite, Fidelity Total Market, and Fidelity Series Total Market Fund. The exchange hoists Fidelity at par with companies like Vanguard Group, Susquehanna, and Blackrock, which already own 7.58%, 2.7%, and 1.59% stakes in Marathon. Even though the percentage distributed to each Index is small, most of the funds are famous in the retirement accounts.

Fidelity holds a top position as one of the world’s largest financial service companies. It has $4.9Tr in assets under a responsibility with more than 35 million clients all over the world. It is known to manage businesses, especially indulging in mutual funds and brokerage services. The purchase reflects the increasing trend among investors to conform to the crypto industry via traditional equity or debt securities.

According to ETF.com, Marathon is a well-liked stock among institutional asset managers with 18 exchange-traded funds currently held by the Marathon group. During a recent interview, Chief Executive officer Fred Thiel exclaimed at the recent affirmation gained by his firm. Thiel said that the past year has witnessed a skyrocketing increase in possession of the company’s stocks. He also added that the company focuses on deploying resources to utilize mining equipment, therefore it prefers to select partner agreements with hosting and power facilities.

Shares in mining stocks have become a public favorite due to their ability to follow the Bitcoin market with heightened instability. Two days ago, the company declared a 66% rise in its Bitcoin production (month-over-month). Marathon has mined 442.2 BTC priced at $16.6 Mn. The company holds a total of 6,225.6 Bitcoins at present, which are valued at $245 Mn. Where BTC increased to 240% since the beginning of this year, Marathon’s shares have peaked at 660% at the very same time.

The credit for the drastic increase in mining activities can be given to China’s recent clampdown on mining activities in the country. This resulted in a prominent decline in Bitcoin’s network hash rate since miners began immigrating to other crypto-friendly nations.

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Sanaa is a chemistry major and a Blockchain enthusiast. As a science student, her research skills enable her to understand the intricacies of Financial Markets. She believes that Blockchain technology has the potential to revolutionize every industry in the world.



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COINTIGER Will List $LEOS, Utility Token of Leonicorn Swap Ecosystem

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At the heart of the Leonicorn Ecosystem is the $LEOS token, a BEP-20 digital coin that is built based on the EVM-compatible Binance Smart Contract. Holders of the LEOS token enjoy multiple incentives bordering on liquidity mining and staking programs. 

The Singaporean cryptocurrency exchange Cointiger will list LEOS token, the utility digital asset of the Leonicorn Swap ecosystem. As unveiled in a Press Release shared with Coinspeaker, the Cointiger listing complements the prior listing of the token on PancakeSwap decentralized exchange, marking a new milestone in the project’s roadmap.

The listing of $LEOS on Cointiger will help expand the accessibility of the token to a diverse crypto-savvy population in Asia as customers will be able to access a fiat on and off-ramp for the token. 

The Leonicorn Swap Ecosystem: Multifunctional DEX Platform

The Leonicorn ecosystem is a multifunctional and all-in-one platform that offers an Automated Market Maker (AMM) exchange as its unique value proposition. The exchange is built on the Binance Smart Chain (BSC) network, offering a blend of high transaction speed at a very cheap cost. The Leonicorn exchange particularly sought to upturn the lapses in both centralized (CeFi) and decentralized finance (DeFi) ecosystems respectively.

In solving the deficiencies of CeFi, Leonicorn Swap looks to address the “security concerns, high transaction fees, low withdrawal limits, along with other pitfalls of centralized management such as high listing requirements for up and coming cryptocurrency projects and the mismanagement of funds by exchange operators,” as noted in the shared press release.

On the other hand, the DeFi limitations bordering on the lack of scalability and the network congestion of ecosystems built on the Ethereum blockchain that largely always result in expensive or overcharged transaction fees. Leonicorn Swap is built with user-friendly features that can easily be adapted by both veteran traders, and those new to the ecosystem entirely.

Beyond the traditional offerings, the Leonicorn ecosystem also aims to metamorphose into an Initial Decentralized Offering (IDO) as well as an Initial Farming Offering (IFO) platform respectively. The unique target of the ecosystem is to serve as a one-stop shop for anything DeFi, with plans to infuse a Non-Fungible Token (NFT) marketplace in due time.

CoinTiger New Listing: The Leonicorn Swap Token (LEOS)

At the heart of the Leonicorn Ecosystem is the $LEOS token, a BEP-20 digital coin that is built based on the EVM-compatible Binance Smart Contract. Holders of the LEOS token enjoy multiple incentives bordering on liquidity mining and staking programs. 

The LEOS token has superior tokenomics with sustainability at the core of its existence. The token is designed with deflationary properties, a feature that will induce scarcity and contribute to the inherent value of the token over time.

As a relatively new token, the team behind the Leonicorn Swap platform desires to foster broad accessibility of the asset, stirring its push to be listed on Cointiger. The team has also nurtured the plans to take the token into additional centralized exchanges in the coming months per its road map.

The Leonicorn Swap platform was founded by Mofassair Hossain who doubles as its Chief Executive Officer. Along with his teammates, Hossain has designed the Leonicorn Swap and the LEOS token as new ways to showcase the superior capabilities of the BSC network and how it can be harnessed to power a broad range of functional ecosystems.

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.



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ETH Price Shoots to $2700

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While there’s been all excitement surrounding the EIP-1559 implementation, some independent developers have pointed out some issues with debugging the Ethereum DApps post the upgrade.

The wait is finally over and we are just four hours away from the upcoming London hard fork upgrade, the euphoria in the market is clear as the Ether (ETH) price has shot up more than 8% in the last 24 hours.

At press time, Ethereum is trading 8.35% up at a price of $2681 and a market cap of $313 billion. The London hard fork will bring the much-awaited EIP-1559 protocol implementation to the Ethereum (ETH) blockchain network.

EIP-1559 changes the way transactions happen on the network. At present, the users have to do guesswork on how much they will have to send to the miners. The EIP-1559 implementation will include a base fee. This will introduce further transparency while lowering the transaction costs.

The EIP-1559 burns the transaction fees. Thus, instead of going to miners for approving transactions, the ETH for the base fee will go out of circulation while moving it to an inaccessible wallet.

Tim Beiko, a developer at Ethereum Foundation said that EIP-1559 will lower the rate of ETH generation. If the Ethereum network faces congestion and the base fee goes above 150 gwei, the network will burn more in transaction fees with each block produced. It means that ETH will continue to experience deflationary pressure with the implementation.

Debugging Ethereum DApps Will Get Harder

While there’s all the excitement around EIP-1559, the implementation will make debugging applications on Ethereum even harder. In order to maintain backward compatibility with wallets and other blockchain services facilitating transactions, the EIP-1559 will retain a field for these services specifying a gas price.

Now the gas price represents a conversion between the unit of gas and Ether. This is usually set by the user to incentivize miners on the blockchain. However, with EIP-1559 implementation, the network will automatically determine the minimum gas price dubbed “base fee”.

Thus, users won’t need to specify the gas price. Instead, they can specify their maximum willingness to pay for the transactions. After that, the network will deduct the base fee from the user’s maximum willingness to pay. Later, the network will return the difference back to the user’s account balance.

As per the current code specifications for EIP-1559, it will return the value of the user’s maximum willingness to pay by gas price only before the transaction has been mined into the block. Upon mining, the value of the gas price fee will change to base fee.

This changing value based on time and the state of blockchain brings a new challenge for DApp developers trying to debug the code. During an All Core Developer meeting last month, independent software developer Micah Zoltu raised this issue. Zoltu noted:

“Any time you’re debugging an issue and the behaviour changes based on when you look at it, that becomes a very, very hard bug to debug. I suspect that most users and dapp developers and library authors and whatnot probably are not watching closely on these things and they will not realize that there’s a change in behaviour and the gas price field”.

As a result, Zoltu has proposed removing the gas price field during the next backward-incompatible Shanghai upgrade.

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.



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