Autor Cointelegraph By Arnold Kirimi

Ariana Grande’s fundraiser for trans visibility adds crypto option

Ariana Grande’s fundraiser for trans visibility adds crypto option

Uverejnil používateľ | apr 12, 2022 |

Pledge, a fundraising platform, has created “PledgeCrypto,2/51” which allows non-profits to accept crypto donations in more than 130 cryptocurrencies, including Bitcoin, Ethereum, and Tether, and then turn them into fiat money.Fundraising platform Pledge has launched PledgeCrypto to allow nonprofits to accept crypto donations in more than 130 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and Tether (USDT), and then turn them into fiat money.Famous music artist and prominent advocate for transgender rights Ariana Grande, who is also the founder of her own charity, Protect and Defend Trans Youth Fund, has offered to match up to $1.5 million in donations. Grande is raising money for LGBTQ organizations that advocate for and provide direct services to transgender youth.The announcement says PledgeCrypto is a free, fully-integrated fiat and cryptocurrency donation platform where donations are delivered to verified non-profit organizations. It does not require technical knowledge, crypto wallet expertise or KYC documentation.Pledge CEO James Citron say about 300 million people worldwide presently own cryptocurrency and intend to fund causes they care about. Apart from Ariana Grande’s campaign, additional charity partners for Pledge Crypto include The Boys and Girls Club of Metro Los Angeles, Big Brothers and Big Sisters LA, Streetcode Academy, Worthy of Love, Safe Place for Youth, CoachArt, Goodie Nation and Taraji P Henson’s Boris Lawrence Henson Foundation.Pledge has also introduced a mechanism that allows each crypto transaction to contribute to verified carbon offset initiatives via the United Nations Climate Neutral Now Initiative to offset the environmental impact of cryptocurrency mining and transactions.The year 2021 will be remembered as the year of new all-time highs for digital assets; however, it was also the most successful year yet for crypto philanthropy. As reported by Cointelegraph in early Feb., In 2021, crypto contributions totaled $69.6 million as opposed to $4.2 million in 2020. In the same period, crypto donation volume rose by 1,558% or roughly 16 times.Related: Tracked crypto donations to Ukraine surge to $108M as Kraken, Bored Ape joins inIn March, Ukraine’s government officials teamed up with cryptocurrency exchanges FTX and Kuna and staking provider Everstake to create a donation platform for individuals wanting to donate Bitcoin (BTC) and other cryptocurrencies to aid in the war against Russia.

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Philippines' fintech achieves unicorn status after embracing crypto payments

Philippines' fintech achieves unicorn status after embracing crypto payments

Uverejnil používateľ | apr 12, 2022 |

Voyager Innovations, the firm behind the Philippines’ top digital payments app Paymaya, has announced it has achieved unicorn status after a recent round of funding, surpassing a $1 billion valuation. Voyager Innovation announced Tuesday that the new $210 million capital boosted its valuation to $1.4 billion. The company highlighted that the new funds will be used to develop crypto offerings that it recently added to its flagship digital payments app PayMaya. According to the news release, the recent financing round was led by SIG Venture Capital. It included well-known firms such as KKR, First Pacific Co., Tencent Holdings Limited and PLDT Inc., the Philippines’ largest telecom provider.As reported by Cointelegraph, PayMaya recently introduced crypto services into the app, allowing consumers to buy, sell, and earn crypto using it. The money will be used to develop the crypto offerings further. PayMaya also recently obtained a Virtual Asset Services Provider (VASP) license from the Philippine Central Bank. The firm will also invest the cash in PayMaya-branded digital bank services, such as savings and credit.According to Voyager, most of the Philippine population is “underserved” in terms of internet and digital finance. It aims to take advantage of this by extending its market reach. As of March 31, PayMaya has over 47 million users.Related: Singaporean fintech adds Bitcoin payments for merchants with BitPay partnershipOver the past two years, Philippine’s digital economy has increased, thanks largely to Voyager and its rival Mynt. According to a study by Google, Temasek, and Bain & Co., the Philippines ‘ digital economy increased 94% from 2020 to 2021 and it is projected to reach $40 billion by 2025.The expansion of internet commerce in the country will likely increase cryptocurrency adoption. The Philippines does not have any regulations restricting the trade of digital currencies currently. However, the central bank has repeatedly warned investors about the risks in the nascent market.

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Swiss public exchange lists two new carbon-neutral crypto ETPs

Swiss public exchange lists two new carbon-neutral crypto ETPs

Uverejnil používateľ | apr 11, 2022 |

Two new carbon-neutral cryptocurrency exchange-traded products (ETPs) have been launched on the Six Swiss Exchange, bringing the total number of crypto ETPs to 155.The SIX Swiss Exchange just announced on Monday that Helveteq is introducing two new crypto exchange-traded products (ETPs), Bitcoin (Bitcoin Zero / BTCO2) and Ethereum (Ether Zero / ETH2O), becoming the third crypto ETP issuer to join SIX in 2022.An ETP is a derivative financial instrument that trades based on assets such as commodities, currencies, share prices, or interest rates. The BTCO2 and ETH2O ETPs seek to expose investors to the world’s two most valuable cryptocurrencies while offsetting their carbon footprints. They are part of the “crypto goes carbon neutral” campaign led by Helveteq in conjunction with the Swiss fintech innovation lab at the University of Zurich.Christian Katz, CEO of Helveteq, said it is vital to provide carbon-neutral crypto ETPs while commenting on the latest listing. He added that:”Awareness of the link between the environment and the blockchain economy is rising fast and we all must work together to find sustainable solutions. That’s why Helveteq sponsors and cooperates with the University of Zurich for research in this field, based on which we compensate the carbon footprint of our Zero ETP family.”Related: ETF provider WisdomTree launches Solana, Cardano, Polkadot ETPsMany crypto ETPs have been created since the world’s first crypto ETP was launched on the Swiss SIX Exchange in December 2018. The Amun Crypto Basket ETP (HODL), which tracks five major cryptocurrencies, was introduced in 2018 as the platform’s first ETP. On Jan 13, SIX announced the BTCetc Bitcoin ETP (BTCE) trading, allowing investors to gain exposure to the world’s most valuable cryptocurrency in a new way. The platform provides access to 240 cryptocurrencies-based products. According to the announcement, the platform’s trading volume for crypto-related products surged 673% in 2021.

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Singaporean fintech adds Bitcoin payments for merchants with BitPay partnership

Singaporean fintech adds Bitcoin payments for merchants with BitPay partnership

Uverejnil používateľ | apr 7, 2022 |

Nium, a cross-border payments firm based in Singapore, has announced the launch of a new API-based solution that will allow businesses to start accepting cryptocurrency payments.As per the announcement, the newly launched product is called Crypto Accept. It allows online sellers to accept Bitcoin (BTC) and Ethereum (ETH) before expanding to other digital assets in 2023. Payments are sent to internet merchants’ accounts in U.S. dollars or other fiat currencies the next business day, allowing vendors to expand their market and enhance their online payment experiences while avoiding price volatility.Nium partnered with crypto payments processor BitPay to launch the Crypto Accept feature. Consumers will choose their preferred cryptocurrency wallet and scan a QR code to complete the transaction. The service will verify that digital currency is available and settle the transaction in the merchant’s chosen currency.According to Joaquin Ayuso de Paul, the senior vice president and head of Nium Crypto, “Consumers hold more than $3 trillion in cryptocurrency and are looking for more places to spend this money online.”Nium was founded in 2014 as Instarem and is located in Singapore. The payments company claims a global network of 130 million consumers. The company is licensed as a Money Services Business (MSB) in Singapore, Australia, Hong Kong, Malaysia, India, Canada, Europe and the United States.Related: Stripe announces fiat payment support for cryptocurrencies and NFTsNium’s latest move follows in the footsteps of other popular payments providers to accept cryptocurrency payments. As reported by Cointelegraph, PayMaya, a Philippines-based major fintech firm, recently launched a new cryptocurrency feature on its app that allows users to trade, purchase, and spend digital assets using their accounts.PayPal-owned Venmo has a similar feature that allows users to purchase, store, and trade cryptocurrencies right on the app through a partnership with Paxos Trust Company. PayPal also began to accept Bitcoin as a means of payment for its millions of worldwide merchants last year in March.

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The Philippines' top payment provider adds crypto to its mobile app

The Philippines' top payment provider adds crypto to its mobile app

Uverejnil používateľ | apr 7, 2022 |

Philippines-based major fintech company PayMaya has reportedly launched a new cryptocurrency feature on its app, following in the footsteps of PayPal, Venmo and others.According to TechInAsia, PayMaya users will be able to trade, purchase, and spend digital assets using their accounts. This is also part of PayMaya’s aim to offer a comprehensive crypto package for anybody interested in entering the market.With the new feature, PayMaya intends to make it simpler for Filipinos to learn about and use cryptocurrencies, as per the report. Furthermore, it will eliminate the necessity for users to register with cryptocurrency exchanges, create a crypto wallet, and go through other KYC hoops.PayMaya is the Philippines’ largest provider of digital payments. It’s also a virtual money issuer (EMI) and virtual asset services provider (VASP), licensed by the Bangko Sentral ng Pilipinas, the Philippines’ central bank. The PayMaya app has over 40 million registered users.Shailesh Baidwan, the president of PayMaya, commented on the growing popularity of cryptocurrency among Filipinos saying:“With the PayMaya e-wallet already a part of their everyday life for daily purchases and transactions, our customers now want to be able to buy and earn crypto smartly and seamlessly. That is why we are making it an integrated feature in our e-wallet app.”PayMaya users with upgraded accounts can directly trade their Bitcoin (BTC) and Ether (ETH) for Philippine pesos. Other cryptocurrencies available for trading on the site include Cardano (ADA), Chainlink (LINK), UNISWAP (UNI), Solana (SOL), Quant (QNT), Polkadot (DOT), Polygon (MATIC) with more coins to be added soon.Related: The Philippines to launch pilot CBDC implementationASEAN countries have experienced a growing interest in cryptocurrencies and blockchain technology in recent years. The Philippines, in particular, has been at the forefront of embracing digital assets and has even taken steps to regulate the industry. The Philippine Department of Finance made it clear that it wants a piece of the profits generated by playing Axie Infinity and other play-to-earn games, amid the colossal success of the crypto-powered game Axie Infinity in the country.

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