peer-to-peer
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Mastercard is launching a peer-to-peer platform for cryptocurrency users in Europe and Latin America.
The Mastercard Crypto Credential network, which is in pilot mode, supports transactions on Bit2Me, Lirium and Mercado Bitcoin exchanges, enabling cross-border payments across the Atlantic, Mastercard said Wednesday in a statement. The P2P platform’s rollout forms part of the payments company's push to leverage digital assets for cross-border payments, a growing payments services sector.
“As interest in blockchain and digital assets continues to surge in Latin America and around the world, it is essential to keep delivering trusted and verifiable interactions across public blockchain networks,” Walter Pimenta, executive vice president of product and engineering for Latin America and the Caribbean at Mastercard, said in a statement.
Users of the P2P network will also be able to use Mastercard Crypto Credential aliases for their transactions. The aliases, which are short-hand labels for crypto wallets, are vanity addresses much like those offered by the Ethereum Name Service ($ENS ) on the Ethereum network.
The wallet labeling feature will facilitate cross-border payments, helping Mastercard capture market share in the fast-growing remittances services sector, which is at the heart of the company's crypto push, according to Mastercard. According to data cited by the United Nations International Organization for Migrations, migrants sent an estimated $831 billion in remittances worldwide in 2022, up roughly 16% from the $717 billion sent in 2020.
Source : thebloc . co
Mastercard is launching a peer-to-peer platform for cryptocurrency users in Europe and Latin America.
The Mastercard Crypto Credential network, which is in pilot mode, supports transactions on Bit2Me, Lirium and Mercado Bitcoin exchanges, enabling cross-border payments across the Atlantic, Mastercard said Wednesday in a statement. The P2P platform’s rollout forms part of the payments company's push to leverage digital assets for cross-border payments, a growing payments services sector.
“As interest in blockchain and digital assets continues to surge in Latin America and around the world, it is essential to keep delivering trusted and verifiable interactions across public blockchain networks,” Walter Pimenta, executive vice president of product and engineering for Latin America and the Caribbean at Mastercard, said in a statement.
Users of the P2P network will also be able to use Mastercard Crypto Credential aliases for their transactions. The aliases, which are short-hand labels for crypto wallets, are vanity addresses much like those offered by the Ethereum Name Service ($ENS ) on the Ethereum network.
The wallet labeling feature will facilitate cross-border payments, helping Mastercard capture market share in the fast-growing remittances services sector, which is at the heart of the company's crypto push, according to Mastercard. According to data cited by the United Nations International Organization for Migrations, migrants sent an estimated $831 billion in remittances worldwide in 2022, up roughly 16% from the $717 billion sent in 2020.
Source : thebloc . co
Arbitrage to earn with P2P on Binance
Arbitrage is a trading strategy that involves buying a cryptocurrency on one market and selling it for a higher price on another. This can be profitable if you can identify price discrepancies 💸 between different markets 🌐.
Here are the steps on how to use arbitrage to earn with P2P on Binance 🚀:
1. Identify price discrepancies 🔎: The first step is to identify price discrepancies between different P2P markets . You can do this by comparing the prices of the same cryptocurrency on different markets. You can use a tool like the Binance P2P Arbitrage Calculator to help you identify these discrepancies.
2. Place buy orders 🛒: Once you have identified a price discrepancy, you can place buy orders on the market where the cryptocurrency is cheapest. You should only place buy orders for the amount of cryptocurrency that you are willing to risk.
3. Place sell orders 💱: Once you have bought the cryptocurrency , you can place sell orders on the market where it is most expensive. You should only place sell orders for the amount of cryptocurrency that you have actually bought.
4. Monitor your trades 🕵️♀️: It is important to monitor your trades closely, as the price of the cryptocurrency may change before you can complete your transactions. If the price of the cryptocurrency drops, you may need to cancel your sell orders and try again later.
Here are some tips for using arbitrage to earn with P2P on Binance 🚀:
Only arbitrage between markets that have a high volume of trades. This will help to ensure that you can complete your trades quickly and without any problems.Avoid arbitrage opportunities that are too small. The transaction fees will eat into your profits, so it is not worth your time to arbitrage small amounts of cryptocurrency.Only use trusted P2P markets. There are a number of scams that occur in the P2P market, so it is important to only use markets that have a good reputation.
⚠️Arbitrage can be a profitable way to earn money with P2P trading on Binance , but it is important to do your research and only arbitrage opportunities that are safe and profitable .
Check out my #BinanceWish article here.
#P2PTradingTips #peer-to-peer
Here are the steps on how to use arbitrage to earn with P2P on Binance 🚀:
1. Identify price discrepancies 🔎: The first step is to identify price discrepancies between different P2P markets . You can do this by comparing the prices of the same cryptocurrency on different markets. You can use a tool like the Binance P2P Arbitrage Calculator to help you identify these discrepancies.
2. Place buy orders 🛒: Once you have identified a price discrepancy, you can place buy orders on the market where the cryptocurrency is cheapest. You should only place buy orders for the amount of cryptocurrency that you are willing to risk.
3. Place sell orders 💱: Once you have bought the cryptocurrency , you can place sell orders on the market where it is most expensive. You should only place sell orders for the amount of cryptocurrency that you have actually bought.
4. Monitor your trades 🕵️♀️: It is important to monitor your trades closely, as the price of the cryptocurrency may change before you can complete your transactions. If the price of the cryptocurrency drops, you may need to cancel your sell orders and try again later.
Here are some tips for using arbitrage to earn with P2P on Binance 🚀:
Only arbitrage between markets that have a high volume of trades. This will help to ensure that you can complete your trades quickly and without any problems.Avoid arbitrage opportunities that are too small. The transaction fees will eat into your profits, so it is not worth your time to arbitrage small amounts of cryptocurrency.Only use trusted P2P markets. There are a number of scams that occur in the P2P market, so it is important to only use markets that have a good reputation.
⚠️Arbitrage can be a profitable way to earn money with P2P trading on Binance , but it is important to do your research and only arbitrage opportunities that are safe and profitable .
Check out my #BinanceWish article here.
#P2PTradingTips #peer-to-peer
