As part of a Crypto Credential partnership, Aptos Labs, the development entity behind L1 blockchain Aptos (APT) will support the adoption of Mastercard's solutions in the crypto ecosystem.

Aptos Labs chosen by Mastercard as Crypto Credential program technical partner

According to an official announcement shared by the team of Aptos (APT), it scored a partnership with Mastercard, a global bank card operator. Aptos Labs becomes part of Crypto Credential, a multi-product Mastercard initiative.

1/ The future of identity is Web3—and Aptos Labs is partnering with @Mastercard to make that future a reality with Mastercard Crypto Credential, an on-chain identity and verification framework with a variety of applications in payments, remittances, ticketing, and NFTs! pic.twitter.com/4vUwylialQ

— Aptos Labs (@AptosLabs) April 28, 2023

The new program is designed to push the barriers of trust in crypto-to-fiat conversion and transfer systems. To start with, it will focus on identification, authentication, ID management and security tools.

Raj Dhamodharan, head of Mastercard's blockchain and digital assets arm, stresses the importance of this program for making the global adoption of cryptocurrencies secure:

Setting up and scaling trusted ecosystems to enable commerce is not new to Mastercard. We've done this for years in payments — pioneering innovation in identity verification and global standards. We look forward to bringing decades of experience to this space to enhance trust and work with the broader industry and governments to enable further innovation

Aptos representatives highlighted that the new program will be useful for a number of real-world use cases, including the likes of tickets, digital identity, lotteries and so on.

Ava Labs, Polygon Labs and the Solana Foundation will also team up with Mastercard within the framework of this program.

Mastercard bets big on crypto integrations in 2023

The program's pilot phase kicks off: The testing of Mastercard Crypto Credential will start from the framework of cross-border money remittances between the United States, Latin America and Caribbean countries.

Earlier this year, card giant Mastercard already partnered with Polygon (MATIC), the largest EVM-compatible blockchain. The two teams will collaborate on a Web3 incubator for digital creators.

This integration helped introduce a new cohort of Web3 artists to the global NFT community.

#apt #Binance #crypto2023 #crypto #aptos

Aptos (APT), the acclaimed Solana competitor, has shared an additional insight for its community members on what its core role will be in the partnership it inked with Mastercard a few weeks back.

Aptos-Mastercard payment focus

With the commitment to contribute to the evolution of payments, Aptos said it will be developing a Mastercard Crypto Credential, a new on-chain identity and verification framework that will support the development of apps in payments, ticketing and non-fungible Tokens (NFTs), to mention a few.

Aptos said it will be kicking off the program with Aptos Labs playing a crucial role in "building new identity, security, trust, and verification tools that enable the free flow of funds between individuals across borders."

The protocol said it will start the pilot for remittances for funds sent between the USA, Latin America and Caribbean countries. Aptos as a blockchain protocol is all for utility and innovation, and while the Mastercard teamup will help it showcase its core ingenuity, it will also help set a pace that can notably drive the future of payments.

7/ To kick off the program, @AptosLabs will build new identity, security, trust, and verification tools that enable the free flow of funds between individuals across borders – starting with their pilot for remittances sent between the USA, Latin America, and Caribbean countries!

— Aptos (@Aptos_Network) May 17, 2023

The protocol has been recording a number of important collaborations and product launches in the past few months, and while the Mastercard partnership is one of its biggest, it should be noted that Aptos also has a pact with tech giant Google Cloud.

The link-up with Google Cloud will help open up access to capital for innovators building decentralized applications within the Aptos protocol.

"Our partnership means that together we can go farther in providing the Aptos community with capital and resources needed to focus on developing infrastructure," Aptos said, describing the pact it has with Google Cloud.

Biggest Beneficiary: APT

In its drive toward sustainability in innovation, the APT token appears to be the biggest beneficiary when long-term prospects are factored in.

At the time of writing, the digital currency is trading at a price of $8.68, up 2.88% over the past 24 hours. Aptos has been tagged as a major high flier, and these broad partnerships will help drive its utility in the near future.

#aptos #apt #crypto2023 #Binance #mastercard

Aptos price analysis shows bullish activity

Support for APT/USD is present at $8.13

Resistance for APT is present at $8.68

Aptos price analysis indicates an increase in price levels for today. The price levels have moved up to meet the $8.42 level, which is a relatively positive indication for the buyers as the price has increased. Furthermore, there have been ongoing variations in the price trends that have lasted for a while, and the bulls have finally secured their leading position once again.

The bulls are inclined towards taking the price further above the current price value to keep maintaining their bullish curve that has been continuing for the past few hours. The bulls have played swiftly as they have dodged past the bearish momentum that had interrupted their streak as the price breakout was downwards today.

The market capitalization of APT is at $1.65 billion, which suggests that the currency might undergo a bullish run in the upcoming days. The trading volume of APT is still at low levels. However, it may pick up in the days to come.

Aptos price analysis 1-day chart: Bulls to maintain their position

The 1-day price chart for Aptos price analysis is going in favor of the bulls once again, as they have regained their momentum after facing loss. The price value has gone through some improvement since yesterday, as today it has reached the value of $8.42, gaining almost 1.67 percent value during the last 24 hours. This is really encouraging for the buyers who intend to control the market and enhance the cryptocurrency value even further.

The Bollinger bands have moved towards the upper side, which is a positive indicator for the buyers, as there are high chances of them maintaining the bullish stance in the upcoming days. The upper Band for APT is at $11.10, and the lower band for APT is at $7.70, which suggests that there is going to be a struggle between these two levels during the remaining trading session. The RSI is at 33.95, signifying that the buyers are in control of the market as of now, and they are likely to take it further beyond these levels. The moving average indicator is currently at $8.5, which is a bullish sign for the buyers supporting their stand in the market.

Aptos price analysis: Recent developments and further technical indications

The 4-hour Aptos price analysis indicates that the bullish momentum has resulted in a slight pullback in the price value from $8.68 to $8.40, which is a good sign for the bears as they are battling against bullish market pressure. The support for APT/USD is present at $8.13, and the resistance for APT is present at $8.68, which suggests that these two levels are going to be a battleground between buyers and sellers in the coming hours.

The RSI has been moving around 51.86 levels, which signifies that there is an equilibrium of buy-sell pressure in the market. The moving average indicator is at $8.35, which is a positive sign for the buyers as it indicates that the price value may go above these already established marks.

The Bollinger bands in the hourly chart are also showing a positive sign for the buyers as it is gradually climbing up, which points towards an increase in prices in the coming hours. The upper Band for APT is at $8.59, and the lower band for APT is at $7.80, which suggests that we might witness some trading within these two price ranges in the upcoming hours.

Aptos price analysis conclusion

Overall, Aptos price analysis indicates that the bullish momentum is likely to continue if there is no major bearish pressure on the market. It seems like the buyers are currently in control of the market, and they are likely to take it beyond the already established levels. The buying pressure can be maintained if the investors keep buying at current levels or even push it further above the current price value to keep maintaining their bullish curve that has been continuing for the past few hours.

#aptos #apt #crypto2023 #Binance

Post By: CryptosHeadlines.com

This month, Aptos, Avalanche, and Hashflow are poised for significant token unlocks. Aptos will experience the largest token unlock in terms of value, totaling approximately $173 million. On the other hand, Hashflow is expected to undergo the most substantial increase in its circulating supply, nearing 74%.
Notable Token Unlocks for November: Aptos, Avalanche, and Hashflow
In November, a total of $450 million in tokens will be unlocked by various crypto projects. Among these, Aptos is gearing up for the most substantial token unlock. On November 12, Aptos will release 24.8 million APT tokens valued at approximately $172.9 million, which accounts for 10% of its circulating supply.
The distribution of these unlocked tokens will involve around $82.7 million for core contributors, $58.6 million for investors, $22.3 million for the community, and $9.3 million for the Aptos Foundation, as reported by TokenUnlocks.
Notably, after Aptos released 4.5 million APT tokens worth $31.6 million during its October unlock, the token’s price rose by 2% over the following week, climbing from $4.84 to $4.94, as per CoinGecko. Despite a brief network outage last month, APT is currently trading at $6.93, reflecting a 43% increase since the previous unlock, buoyed by favorable market conditions.
Avalanche to Release 9.5 Million AVAX Tokens Worth $107 Million in November
In November, Avalanche, a Layer 1 blockchain, is scheduled to unlock 9.5 million AVAX tokens on November 24. This release represents 2.7% of the circulating supply and is currently valued at $106.9 million.
The allocation of these tokens includes $50.4 million for the project’s team, $25.2 million for strategic partners, $18.7 million for the Avalanche Foundation, and $12.6 million set aside for a potential airdrop. Additionally, there are 100,000 AVAX tokens, worth $1.1 million, released daily for staking rewards.
Following the previous unlock on August 26, which released the same amount of tokens, the price of AVAX dropped by 12.5%, falling from $10.04 to $8.78 within 30 days. Currently, AVAX is trading at $11.15, marking an 11% increase since the last token unlock. This growth coincides with Stars Arena, a competitor to FriendTech, which contributed to increased transaction activity on the Avalanche blockchain.
Hashflow Unlocks 74% of Circulating Supply
Multi-chain decentralized exchange Hashflow ranks among the top November token unlocks by value, releasing 160.4 million HFT tokens on November 7, equivalent to approximately $41.3 million. This constitutes 73.9% of Hashflow’s circulating supply, making it the largest token release among crypto projects for the month. The allocation includes $16.1 million for early investors, $12.7 million for ecosystem development, $12.4 million for the core team, and $107,000 for community rewards. Additionally, around $44,000 worth of tokens are being released daily for ecosystem development and community rewards.
In the previous month, Hashflow released 3.2 million HFT tokens ($830,000), resulting in a 34% decline in token price within two weeks before experiencing a recovery. As of now, HFT is trading at $0.26, reflecting a 19% decrease since the last token unlock.
In November, several other noteworthy token unlocks include Optimism ($33.3 million), ApeCoin ($20.8 million), and Sui ($15.5 million).
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#CryptoNews #apt #Avalanche #APT #AVAX