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40% intend to use crypto for payments in the next year: Mastercard survey

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A survey by credit card giant Mastercard has revealed that four in ten people plan to use cryptocurrency for payments within the next year.

The survey, published on May 4 and titled ‘Consumer Appetite for Digital Payments Takes Off’, polled more than 15,500 people across 18 countries.

It revealed that millennials are especially engaged in cryptocurrencies, with over two-thirds, or 67%, agreeing they are more open to using cryptocurrency than they were a year ago. Additionally, it reported that 77% of millennials are interested in learning more about cryptocurrency, while 75% agree they would use digital assets if they understood them better.

Millennials are classified by the U.S. Census Bureau as people born between 1982 and 2000 which means that their age range in 2021 is between 21 and 39 years old.

The move to expand access to cryptocurrencies has already begun — in mid-February Mastercard announced that it would support digital asset payments for its almost one billion users to use at more than 30 million merchants.

The 40% figure for general crypto usage spanned all ages surveyed, with respondents coming from North America, Latin America, the Middle East, Africa, and the Asia Pacific.

Mastercard stated that, while consumer interest in “floating cryptocurrencies” such as Bitcoin is high, work is still required to ensure consumer choice, protection, and regulatory compliance.

The pandemic has changed the way people think with regards to digital payments, it continued, adding that findings show 93% of people will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code, in the next year.

Craig Vosburg, Chief Product Officer at MasterCard, stated that the company needs to enable all payment methods, including cryptocurrencies, going forward:

“As we look ahead, we need to continue to enable all choices, both in-store and online, to shape the fabric of commerce and make the digital economy work for everyone.”

On May 3, Cointelegraph reported that the payments giant had launched an accelerator program for fintech startups, onboarding blockchain-based payments firms among others.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/40-intend-to-use-crypto-for-payments-in-the-next-year-mastercard-survey

Blockchain

Dfinity’s ICP token sees violent first day of trade on major exchanges

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The launch of the Internet Computer utility token has seen a wild first day of trading after its long-awaited debut on exchanges.

The ICP token from Dfinity was listed on Coinbase Pro and several leading exchanges including Binance, Huobi Global, and OKEx on May 11.

Over four hours, prices for the newly launched token have swung from an early intraday high of $700 down to $250, before recovering 70% over 10 hours to trade for $425 at the time of writing. Coingecko estimates $1.8 billion worth of ICP tokens have traded just 14 hours since trade commenced.

ICP/USD chart, 24 hours: Coingecko

The Internet Computer is a decentralized blockchain project by the Dfinity Foundation. Dfinity describes the protocol’s mission as expanding the functionality of the public internet from a network that connects billions of people through standard protocols to a publicly accessible global supercomputer based on its own ICP protocol.

It has the lofty ambition of replacing the trillion-dollar legacy internet and IT industry by allowing developers to install their code directly on the public internet — dispensing with hosting companies, servers, commercial cloud services, and tech monopolies.

Like Ethereum, the platform would allow developers to run computing applications on decentralized infrastructure. However, Dfinity claims superior scalability over Ethereum’s Layer 1 mainnet.

While Dfinity has been focused on building this Internet Computer since 2016, much of the project’s inner workings have been shrouded in mystery due to its policy of closed-source development. The platform’s Mercury genesis launch event took place on May 7, marking the public launch of the platform after its completed mainnet initialization in December 2020.

ICP tokens can be staked into its governance system to earn “voting rewards” or be converted into “cycles” that can be used to power smart contract computation. The Internet Computer platform runs on a Network Nervous System (NNS), which is an open algorithmic governance system that oversees the network and the token economics.

The system is broken down into several subsections which include the ICP tokens in addition to “neurons” and “canisters” which govern the network autonomously and are explained in much more detail on the Dfinity blog.

The project started fundraising before the 2017 ICO boom under the DFN ticker but has since rebranded to ICP.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/dfinity-s-icp-token-sees-violent-first-day-of-trade-on-major-exchanges

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Blockchain

Backed by Mate Tokay, DeChart’s DCH Token sale is live on UniCrypt

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With just one day left of the DeChart Token Sale, token availability is decreasing as the participant pool reaches almost 400 investors! With over 750 BNB invested into the token sale so far, the DCH token sale supply is going fast. With optimization and interoperability as the goals, DeChart sets its objective to break the chains restricting modern Decentralized Exchange (DEX) trading data aggregation. 

Providing real-time, a user-friendly platform, and the ability to track multiple charts all in one space, DeChart aims to overcome the barriers of third-party trading data aggregation solutions. With the objective to become one of the leading advanced data solutions in the DEX trading ecosystem, DeChart launches its DCH token sale. Spanning May 9th to May 11th, the DCH token sale has already hit the ground running on Unicrypt.

Bringing Real-Time Trade Data to the DEX Ecosystem

Historically, the DEX trade data aggregation has not received the due care and attention to detail it should. Forming informed decisions from trading data, DEX traders have yet to truly receive a functional solution for DEX trade data that provides real-time use cases. As such, DEX trades have to resort to using third-party trading data solutions which are often poorly organized, lack accurate data, and can be difficult for users to navigate. 

The DeChart platform is different. Seeking to ensure users receive real-time trading data and tools built for the Decentralized Finance (DeFi) space, DeChart pioneers and revolutionizes the future of DEX trading data aggregation. Following a huge influx of trade volume through April, there is no better time for the DEX space to receive an effective and efficient trading data aggregation solution.

The Lifeblood of the DeChart Ecosystem: the DCH Token

The DeChart ecosystem is regulated and made utilizable through the host of the token sale and lifeblood of DeChart; the native DCH token. DCH brings utility to the DeChart platform through staking alongside other tokens like BNB, CAKE, and LP tokens. Enabling users to swiftly analyze and stake across all of Pancakeswap, DeChart staking also intends to add Uniswap and Sushiswap to the platform in the future.

Offering 56,250,000 DCH tokens to the public during the 2.5-days-long, one-round token sale, all unsold tokens will be burnt to preserve initial investor value and nourish future growth. Considering the total DCH supply of 125 million, the burning of unsold tokens will innovate a deflationary trait within the DCH token and ensure the DeChart ecosystem thrives. 

Supporting DeChart and the token sale is the Co-founder of Bitcoin.com Mate Tokay, and famed investment firm Pangea Research. These high-profile supporters bring strength to the foundations of the DeChart trading data aggregation solution and paint a bright future ahead for the DEX space.

With only one day left of the DeChart token sale, interested parties can head over to Unicrypto now to take part!

Disclaimer: This is a paid post and should not be treated as news/advice.


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Source: https://ambcrypto.com/backed-by-mate-tokay-decharts-dch-token-sale-is-live-on-unicrypt

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Blockchain

Crypto Twitter decodes why Zuck really named his goats ‘Max’ and ‘Bitcoin’

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Mark Zuckerberg, the Co-founder of Facebook has riled excitement across the crypto community after taking to social media to announce two of his pet goats have been named “Bitcoin” and “Max.”

Zuckerberg announced the curious names for his pet goats in a May 11 Facebook post stating: “My Goats: Max and Bitcoin.”

Crypto-Twitter has been whipped into frenzied speculation in response to the goats’ names, with analyst LilMoonLambo Tweeting to their 97,000 followers: “You have two weeks to accumulate as much $BTC as you can before Mark Zuckerberg announces that he and Facebook have purchased Bitcoin during their annual shareholders meeting… The pump will be glorious.” 

The co-founder of Morgan Creek Digital, Anthony Pompliano, chimed in to ask whether Zuckerberg is “Telling us he is a bitcoin maximalist with the names of his goats?

Influencer “Thinking Crypto” was also highly bullish on the news, tweeting “If you thought the Elon Musk and Tesla pump was something, get ready for the Mark Zuckerberg Facebook pump!”

However, Robert Leshner, CEO of Compound Labs was skeptical of crypto-Twitter’s excitement, interpreting the tweet as “Communicating that [Zuckerberg] will be eating Bitcoin Max(imalists) for dinner.”

Leshner may have a point about Bitcoin and Max being served for dinner. In 2019, Twitter CEO, Jack Dorsey, famously revealed  that Zuck killed one of his goats with a laser gun and served it to him for dinner.

Despite onlookers inferring that Facebook’s CEO may be sending a deliberate message to the crypto sector with his goats’ new names, it is possible Zuckerberg may simply be trying to poke fun and stir up a reaction on social media amid the recently surging popularity of crypto assets.

Last month, rumors circulated that Facebook would reveal Bitcoin holdings on its balance sheet in its Q1 earnings report. However, the April 28 report would  reveal that the company does not hold any crypto assets.

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Source: https://cointelegraph.com/news/crypto-twitter-decodes-why-zuck-really-named-his-goats-max-and-bitcoin

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