Mastercard Launches Peer-to-Peer Crypto Network in Europe and Latin America.
In the announcement made by Mastercard, it was announced that a peer-to-peer (P2P) transaction platform was established for European and Latin American crypto users. While the network called Mastercard Crypto Credential was launched in the testing phase, it was informed that the network is supported by Bit2Me, Lirium and Mercado #Bitcoin exchanges. By launching the P2P platform, Mastercard has taken another important step towards its plan to use crypto assets in cross-border payments.
Mastercard Latin America and Caribbean Vice President of Product and Engineering Walter Pimenta made the following statement on the subject: âAs interest in Blockchain and cryptoassets grows in Latin America and around the world, it is crucial to continue providing trustworthy and verifiable interactions on public Blockchain networks.â
Crypto investors who will use the P2P network will be able to use short names for crypto wallets. Thus, transfer transactions will become easier, and it was emphasized that the system is similar to the wallet addresses offered by the Ethereum-based Ethereum Name Service (#ENSÂ ).
Mastercard believes that it can increase its market share in cross-border payments as the use of its P2P platform increases. As international remittance transactions continue to increase every year, payment companies continue their research to carry out these transactions faster and at lower costs.
This leads giant payment companies, especially #mastercard  and #Visa  to adopt #Blockchain  and crypto assets. $BTC $ENS
$FTM Â is showing a strong uptrend as $BTC also appears bullish. The confirmation of its $0.70 support level signifies a clear path toward our $1.05 target. If the gaming ecosystem sustains its bullish trend, we could see further gains. We've seen 570% gains in the last rally.
Ripple CEO Announces Strategic $25 Million Investment in Crypto-Focused Political Committee.
On May 29, Brad Garlinghouse announced in an Garlinghouse noted that the crypto payments company contributed a generous $25 million to FairShake to facilitate the development of the crypto industry and support the âadvancement and adoption of crypto and blockchain technologies.â
FairShake is a Federal Election Commission-registered committee that empowers blockchain innovators to create their own networks under more transparent and favorable regulatory and legal frameworks.
Garlinghouse stated that the continued growth and advancement of the crypto industry in the United States is critical. He emphasized that the country needs to step up to compete with practical and clear regulations that other leading economies and crypto-friendly countries have already developed.
Ripple's donation to FairShake came before the US Presidential elections to be held on November 5, 2024. Garlinghouse stated that the company's $25 million contribution sends a message to politicians who do not support the crypto industry and do not create "backward-looking" policies.
#Ripple CEO's statement may be referring to the United States Securities and Exchange Commission's (SEC) ongoing enforcement actions against cryptocurrency companies. For years, the US SEC has filed lawsuits and imposed sanctions on many crypto companies; Ripple has been one of the longest targeted in a nearly four-year lawsuit. Additionally, in 2023, Senator Elizabeth Warren launched her re-election campaign, announcing her intention to create an anti-crypto army aimed at undermining the crypto industry.
These ongoing efforts to potentially disrupt the crypto industry have increased Ripple's efforts to fully support the industry and led it to fund initiatives to grow the industry. $BTCÂ $XRP
Shiba Inu (SHIB) Prepares for Significant Bullish Surge: Here's the Latestđ¤Żđ
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Shiba Inu (SHIB), a prominent Ethereum (ETH)-based meme coin, is on the cusp of a major bullish breakout, aiming to retest its all-time high (ATH). With a market cap nearing $25 billion and a daily trading volume around $653 million, Shiba Inu continues to be a popular choice among meme coin enthusiasts.
However, SHIB has faced resistance around $0.000029 against the US dollar over the past eight weeks. This resistance has led swing traders to pivot towards more volatile meme coins, including politically themed ones like MAGA.
Shiba Inu's Consolidation Phase Before a Bullish Rally
According to Glassnode's on-chain data, over 4 trillion SHIB tokens, valued at approximately $103 million, have been transferred to various cryptocurrency exchanges in the last two weeks. This move indicates a preparation for profit-taking. Despite these deposits, SHIB's price has struggled to gain upward momentum, reflecting a broader hesitation among buyers.
In light of this, SHIB's price might revisit its recent low of around $0.000018 before potentially surging to $0.000080. This target aligns with the weekly 1.618 Fibonacci Extension, suggesting a significant potential upswing.
Ecosystem Developments and Growth
The Shiba Inu ecosystem has seen substantial growth, particularly with its layer two scaling solution, Shibarium. Shibarium's total value locked (TVL) stands at approximately $2.4 million, supported by key DeFi platforms like WoofSwap, ChewySwap, DogSwap, and MARSWAP.
A recent update from the Shiba Inu development team highlighted a significant improvement in the Ethereum bridge for BONE tokens. The bridging time has been drastically reduced from seven days to just 45 minutes, showcasing the team's commitment to enhancing the platform's efficiency. #Megadrop  #BinanceLaunchpool  #altcoins
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