MoonPay has announced that it has extended the PayPay fiat payment option for customers in the United Kingdom and the European Union (EU). The next step will be to add PayPal for users in New York and Texas. 

MoonPay extends the PayPal payment option to purchase crypto in the United Kingdom and EU

MoonPay has announced that it has added the PayPal payment option to purchase crypto, also for users in the United Kingdom and the European Union (EU)

Now expanding: PayPal x MoonPay

New and existing members of the MoonPay community can now buy crypto using PayPal in 48 states, the EU, and UK!

NY and TX, we love you and we're working on it. pic.twitter.com/ZFGsm3u1hl

— MoonPay (@moonpay) June 12, 2024

“Now expanding: PayPal x MoonPay. New and existing members of the MoonPay community can now purchase cryptocurrencies with PayPal in 48 states, in the EU and the UK! NY and TX, we love you and we are working on it.”

Customers across Europe and the United Kingdom will soon be able to use PayPal as a cryptocurrency purchase option within the MoonPay platform.

At the moment, it seems that the PayPal option on MoonPay will not be available only for residents of Croatia, Iceland, and Hungary. 

The future commitment of MoonPay will be to extend the fiat PayPal payment option also to users in New York and Texas. 

The fintech company has defined PayPal as the third most used payment option in the United States, after Apple Pay and traditional bank cards. 

MoonPay: PayPal for purchasing crypto now available also in the UK and EU

In this regard, Ivan Soto-Wright, CEO and co-founder of MoonPay, emphasized PayPal’s ability to provide a simpler user experience for new customers:

“This move will allow us to provide a frictionless experience and lower the barriers to entry to include new users worldwide, bringing convenience and trust to our growing customer base”.

Already at the beginning of May 2024, MoonPay had announced its partnership with PayPal precisely to allow its customers in the United States to purchase crypto, through their PayPal account.

Specifically, the fiat payment option has been made available only for 48 states in the USA. These customers can therefore use PayPal to buy and sell all over 110 crypto offered by MoonPay. 

The $1 million donation for the initiative of the crypto-exchange Coinbase

In mid-May, MoonPay made headlines also for its donation of 1 million dollars to the Stand With Crypto initiative of the cryptocurrency exchange Coinbase. 

The objective of this donation is to support the efforts of Stand With Crypto, an important non-profit organization committed to uniting global crypto supporters. 

In addition to the donation, MoonPay has also committed to supporting the officials who will be elected in creating a clear regulatory framework for cryptocurrencies, capable of promoting innovation while at the same time protecting consumers. 

According to BlockBeats, Injective Network has integrated with Paypal's stablecoin PYUSD on June 13. This makes it one of the first Layer 1 (L1) networks to support the stablecoin launched by Paypal and Paxos. Users can now transfer PYUSD from Ethereum and Solana to Injective. The network's decentralized applications (dApps) can utilize PYUSD for quick payments, transactions, and DeFi.

The integration of PYUSD into the Injective Network is a significant development. It allows users to leverage the benefits of the stablecoin within the network's ecosystem. This includes the ability to make quick payments and transactions, as well as participate in DeFi. The move also positions Injective as one of the first L1 networks to support a stablecoin launched by a major financial institution like Paypal.

The integration also provides an opportunity for PYUSD to expand its reach and usage. By being available on the Injective Network, PYUSD can be transferred from other major blockchain platforms like Ethereum and Solana. This could potentially increase the stablecoin's liquidity and market presence. The integration is a testament to the growing influence of stablecoins in the digital currency market and their increasing integration into various blockchain networks.

MoonPay has introduced a new fiat on-ramp option for customers in the European Union and the United Kingdom by integrating PayPal. This integration allows European users to buy crypto on the MoonPay platform. Currently available to 1% of European users, the full rollout will happen in the following weeks, excluding residents of Croatia, Iceland, and Hungary. MoonPay highlighted PayPal's popularity as the third-most used payment method in the U.S., emphasizing its user-friendly experience. The option to use PayPal for fiat on-ramp is accessible to customers in 48 U.S. states, except New York and Texas. PayPal also launched its stablecoin, PYUSD, backed by cash reserves. Recently, PayPal deployed PYUSD on the Solana network for faster transactions and lower costs, introducing privacy features like 'confidential transfers'. Stablecoins like PYUSD play a vital role in providing liquidity, enhancing banking services, reducing transaction fees, and improving cross-border payments. Read more AI-generated news on: https://app.chaingpt.org/news

As part of joining forces to help more people use digital currencies, MoonPay, a key global cryptocurrency payment infrastructure company, launches its collaboration with PayPal, and extends its integration with the platform to its European Union and United Kingdom customers. .

Cross-Border Transactions With Ease

MoonPay and PayPal partnership makes it easy to purchase cryptocurrencies, as your PayPal account can now be directly used in your transactions inside the app. This integration will address growing consumer demand to purchase digital assets in a simple, intuitive way. 

According to MoonPay co-Founder and CEO Ivan Soto-Wright, this is part of the company’s initiative to “smooth the process and decrease the barriers to entry for new users across the globe,” which will be a step-change towards making cryptocurrency payments as common as any other type of online purchase.

This entrance into European comes after successfully launching in the U.S. which made the service available to users across the continent and represents a strategic decision for MoonPay. 

Buying crypto with PayPal is going global!MoonPay users in 24 EU member states and the UK can now buy 100+ cryptocurrencies using their PayPal account. pic.twitter.com/FtHiJ6u21e

— MoonPay 🟣 (@moonpay) June 12, 2024

The new service will allow merchants to accept PayPal as a payment option, which can pull in funds from a customer’s direct PayPal account, a PayPal-attached bank account or their linked debit card. Such flexibility not only provides user experience robustness, but also significantly widens the access of cryptocurrencies to a different category of users.

This initiative falls in line with an increased acceptance of Fintech and digital currencies, highlighting a new crossroads in the ever-changing landscape of financial services, and bridging the traditional and modern methods of finance. 

This is an observation that was also called out in the statement from MoonPay – that their average user is 35 years old – indicating that a more well-set segment of consumers are entering the less-active market.

Deeper Broader Adoption with Strategic Integration

The partnership between MoonPay and PayPal goes beyond convenient payments as it provides a strategic one. That is a large gap between traditional finance and the new digital currency world it means to bridge by encouraging trust and comfort in new user bases. MoonPay and PayPal, in lowering the entry barriers, are reaching out to an arguably thousands-long audience, a feat that is critical to widespread adoption of cryptocurrencies.

With large corporations moving more quickly towards integration of digital currencies as a legitimate financial asset, partnerships such as those are essential to establishing a real world use case for the money of the Future. 

By combining their efforts and resources, MoonPay and PayPal may well be on their way to revolutionizing the financial industry as we know it with relative ease – an exciting future just around the corner.

Ultimately, this wider expansion of MoonPay and PayPal into the UK and EU could also impact broader cryptocurrency adoption levels, enabling more ordinary people to enter the world of digital assets. As the ecosystem progresses, these types of integrations will likely be an important connector between legacy financial systems and the ‘new money’ economy.

The Injective team announced via X on Wednesday that it has integrated with PYUSD, the stablecoin issued by PayPal.

PayPal payments are live to users of the digital assets payment platform MoonPay across the European Union (EU) and the United Kingdom (UK).

According to the press release shared with Bitcoinworld, PayPal is now available to 1% of MoonPay customers in the UK and EU, with 100% availability expected in the next few weeks. The exceptions are Croatia, Hungary, and Iceland.

This means that users in 24 EU member states and the UK can now buy cryptocurrency using their PayPal account.

The team remarked that the integration simplifies transactions for MoonPay users with existing PayPal accounts.

They can fund their crypto purchases with PayPal Balance, direct bank withdrawal, or debit cards.

Additionally, neither of these options requires them to enter details manually.

Ivan Soto-Wright, MoonPay’s co-founder and CEO, commented on “the success of our PayPal partnership.”

He stated that “expanding our collaboration to new markets is an incredibly exciting milestone for us. This move will enable us to provide a frictionless experience and lower the barriers to entry to include new users around the world, bringing convenience and trust to our growing customer base.”

The US Move Has Been a Success

The expansion of this service to the EU and the UK follows the US launch last month.

MoonPay partnered with PayPal on May 2 and rolled out the service to 100% of users.

It stated that this move demonstrated strong demand for PayPal as a payment option to buy crypto.

In this latest announcement, the team has shared “impressive results” they’ve seen so far. These include:

New demographic: MoonPay’s integration with PayPal unlocks a more mature user base with an average age of 35 years old.

Popularity: PayPal is the third most popular payment method in the US, overtaking Google Pay, sitting “slightly behind” cards and Apple Pay;

Increased engagement: nearly 90% of users who successfully connect to PayPal proceed with a transaction;

Higher conversion: new customers using PayPal as their first payment method convert at a 1.3x higher rate than those using cards.

Moreover, the integration is a major development for MoonPay, given that it became the first platform of its kind to incorporate this payment giant, the team stated.

It added that “this provides a wider selection of cryptocurrencies compared to platforms that only offer Ether or the PayPal USD stablecoin.”

Forming Partnerships, Expanding Offerings

MoonPay has been quite busy over the past few months.

@BullpenFi

Welcome to the MoonPay fam! pic.twitter.com/O7LKPgTowF

— MoonPay (@moonpay) June 12, 2024

In October last year, it announced a partnership with Mastercard to advance Web3 integrations, build connections, and boost marketing tools.

That same month, it unveiled its new Swaps feature in the app, which enables users to swap one cryptocurrency for another.

Then, in November, amid increased regulatory scrutiny, MoonPay appointed Mike Lempres, a former executive from Coinbase and Andreessen Horowitz (a16z), to its board of directors.

In May this year, the company donated $1 million to the digital advocacy group Stand With Crypto ahead of the 2024 US elections.

Meanwhile, MoonPay saw significant investor support in November 2021 when it raised $555 million in a Series A funding round led by Tiger Global Management and Coatue, with a valuation of $3.4 billion.

As for PayPal, at the end of May, it said it’s expanding PYUSD to the Solana blockchain.

It was also revealed that the stablecoin includes a feature called “confidential transfers” to provide privacy for users and transparency for regulators.

Injective, a popular L1 blockchain platform powering exclusive DeFi applications, has announced the latest integration. As per the platform, it is integrating Paxos and PayPal’s joint stablecoin PYUSD, turning into the earliest L1s supporting the respective token. The platform took to the social media platform X to disclose the news of this exclusive development.

Injective today is integrating PYUSD, becoming one of the first ever L1s to support the stablecoin released by PayPal & Paxos.PYUSD can be onboarded from Ethereum & Solana onto Injective. dApps on Injective can utilize $PYUSD for lightning fast payments, trading, DeFi and more. pic.twitter.com/dilhamIQhX

— Injective 🥷 (@injective) June 12, 2024

Injective Becomes One of the Earliest L1s Backing PYUSD Stablecoin of Paxos and PayPal

In its recent social media post, Injective expressed its enthusiasm for this integration. PayPal operates as an online system of payments that permits users to receive and send money around the world. On the other hand, Paxos operates as a digital asset solution provider and blockchain platform. The company provides these facilities to the worldwide leading entities dealing with financial services.

The PayPal USD ($PYUSD) is the platform’s stablecoin that gets complete support from the $USD deposits. This means that people can purchase 1 $PYUSD with 1 $USD. Both Paxos and PayPal take the credit for releasing the well-known stablecoin. The integration of the respective coin into the Injective opens the way to several new opportunities.

The Users Can Utilize PYUSD for DeFi, Trading, and Rapid Payments

At present, the people using Injective can onboard the $PYUSD stablecoin from Solana as well as Ethereum. The platform also brought to the front that the decentralized applications can additionally leverage the stablecoin. According to the Injective, the apps can use $PYUSD for several purposes. These things deal with decentralized finance (DeFi), trading, and rapid payments.

MoonPay, a prominent player in the cryptocurrency payment sector, has recently announced a significant expansion of its service offerings in the European Union and the United Kingdom.

This expansion includes the integration of PayPal as a new fiat on-ramp on the MoonPay platform, enabling customers throughout Europe to conveniently purchase cryptocurrencies.

Strategic Move Leverages PayPal’s Market Presence

The integration, which is already operational for 1% of European users, is set to be fully rolled out in the coming weeks. However, it will exclude residents of Croatia, Iceland, and Hungary.

This strategic move taps into PayPal’s considerable market presence, recognized as the third most popular payment method in the United States, only trailing behind Apple Pay and traditional bank cards.

MoonPay’s CEO and co-founder, Ivan Soto-Wright, emphasized that this integration aims to streamline the user experience and reduce entry barriers, potentially increasing the platform’s user base globally.

The adaptation comes at a time when PayPal is increasing its footprint in the digital currency space. Notably, in August 2023, PayPal ventured into the stablecoin market with the launch of PayPal USD, a U.S. dollar stablecoin backed by cash and short-term cash equivalents on a one-to-one basis.

Unlike other overcollateralized stablecoins like Circle’s USDC and Tether’s USDT—the latter being the largest by market capitalization—PayPal USD was initially launched on Ethereum as an ERC-20 token.

Due to Ethereum’s limited transaction capacity and high costs, PayPal later expanded its stablecoin operations to the Solana network in May 2024 to benefit from its higher throughput and lower transaction costs.

Furthermore, PayPal announced that its stablecoin on Solana would feature “confidential transfers,” a privacy option that permits merchants to conceal the transaction amount from public view while adhering to regulatory requirements.

This feature is intended to enhance the utility of the stablecoin for regular transactions and personal use.

Stablecoins serve as digital representations of fiat currencies and can be either backed by tangible financial reserves or be algorithmic with no cash reserves.

These digital tokens play a crucial role in providing liquidity, reducing transaction costs, and facilitating cross-border payments, especially in underserved regions.

MoonPay’s Presence In The Crypto Space

MoonPay recently contributed to Coinbase’s nonprofit advocacy initiative, Stand With Crypto. While the donation amount remains undisclosed, this engagement is part of MoonPay’s broader efforts to shape the future landscape of the cryptocurrency industry in the United States.

Source: Coinbase’s official website

This involvement is particularly timely given the increasing legal and political challenges facing the industry.

For instance, Coinbase, a major cryptocurrency exchange, successfully defended itself in a lawsuit brought by the U.S. Securities and Exchange Commission (SEC) in April 2024, which alleged violations of federal securities laws for listing certain tokens.

Additionally, Coinbase has been actively engaging with U.S. regulators to foster a regulatory framework that balances innovation with consumer protection.

Coinbase’s political engagement has been significant, with the launch of a political action committee (PAC) through its Stand With Crypto project.

The PAC, announced in May via the social media platform X, allows its approximately 450,000 members to financially support U.S. electoral candidates who advocate for cryptocurrency-friendly policies.

This initiative from MoonPay aligns with Coinbase’s ongoing efforts to influence legislation and regulatory policies in Washington D.C., further highlighting the interplay between technology, finance, and politics in shaping the cryptocurrency sector’s future.

These developments underline the dynamic nature of the cryptocurrency industry, where major players are not only innovating technologically but also strategically positioning themselves within the regulatory and political landscapes.

MoonPay’s integration of PayPal for European users exemplifies how established payment methods are being incorporated into crypto platforms to enhance user accessibility and trust.

Concurrently, PayPal’s expansion of its stablecoin to more efficient networks like Solana and the introduction of privacy features indicate a growing emphasis on practical and secure digital currency solutions.

The post MoonPay Adds PayPal as Payment Option for UK and EU appeared first on Coinfomania.

According to Foresight News, MoonPay has announced that users in the UK and the EU can now purchase cryptocurrencies using PayPal. Customers can use their existing PayPal balance, bank withdrawals, or debit cards to buy cryptocurrencies.

Previously, the two companies launched a similar integration in the US last month. MoonPay stated that 100% of its US users can use the PayPal integration. As of last month's announcement, US users can use PayPal to buy and sell over 110 different cryptocurrencies.

Notwithstanding regulatory uncertainty, stablecoins that kick out cash to customers are here and vying for the many trillions held in money-market funds and dollar deposits globally.

With the potential to make payments on the internet more cost effective, PayPal sees a decoupling of the payment capability of stablecoins from the yield-generating capability of money-market funds.

Stablecoins have long played a vital role in the cryptocurrency industry, a vehicle to shuttle money around the digital economy, sidestep volatility without having to liquidate portfolios into fiat currencies or post as collateral for trading.

Their usefulness in payments is fairly obvious: They seek to replicate a conventional currency like the U.S. dollar or euro in a blockchain-powered form, serving as digital stand-ins for something consumers are already comfortable with.

But huge amounts of money are stashed in them, generating gigantic profits for stablecoin issuers – who traditionally share none of that bounty with token holders.

Tether's USDT is the third-largest cryptocurrency in the world with $112 billion in assets, according to CoinDesk data; Circle's USDC is No. 6 at $32 billion.

That money is invested in assets considered supremely safe like U.S. Treasuries, earning billions of dollars a year in yield for those companies. This makes them crypto-era versions of an old product in traditional finance: money-market funds. The difference: Money-market issuers share the interest they earn from their investments in bonds and other fixed-income instruments with their customers.

Until recently the lack of competition in a low interest rate environment meant that stablecoin issuers not only could keep all the interest they earned on the collateral because the users and distribution partners didn't really care, said Rob Hadick, general partner at venture capital firm Dragonfly.

"But with interest rates rising, the stablecoin issuers have become extremely profitable and it's only natural that those partners, like the exchanges, and the power users will start asking for more of a cut of the revenue," Hadick said.

To be fair, regulations prohibit stablecoin issuers from returning yield to users in the U.S., and the soon-to-arrive Markets in Crypto-Asset (MiCA) regime will do the same in Europe.

But blockchains span the planet and stablecoins that kick out cash to customers are here. Competition has already started to heat up with firms like Ondo, Mountain, Agora and others promising a more equitable economic model. Just last week, Paxos introduced a UAE-regulated yield-generating one called the Lift Dollar.

Payments play

Stablecoin issuers giving something back in the form of a money-market yield is a sensible strategy and a potential worry for traditional dollar-pegged tokens like Circle and Tether, which make up the bulk of collateral posted for trading purposes.

But there are other ways goodwill can be shared with users, such as some of the cost efficiencies gained from using a purely payments-focused stablecoin, carrying out transactions on a grand scale. This is the aim of fintech giant PayPal's addition to the stablecoin space: its PYUSD token.

The coming years could see a decoupling of the payment capability of stablecoins from the yield-generating capability of money-market funds, according to PayPal SVP and head of blockchain, Jose Fernandez da Ponte.

"I think that in a few years from now you're going to see corporate treasurers keeping liquidity in a money-market fund, and the moment that they need to make a payment, switch that money-market fund to a stablecoin and make the payment, because those are built for purpose," Fernandez da Ponte said in an interview.

Clearly, PayPal seems to be more focused on honing PYUSD's ability to do faster, cheaper payments – PYUSD is now integrated with the high-throughput Solana {{SOL}} blockchain, for instance – than worrying about how its locked up value level stacks up against USDT and USDC.

But not everyone thinks a payment-focused stablecoin like PYUSD will necessarily thrive in the face of central bank digital currencies (CBDCs) and yield-sharing tokens, a view taken recently by analysts at Bank of America.

Despite the fact PYUSD is small in comparison to the likes of Tether and Circle, it would likely be unwise to bet against PayPal given its long reach into fintech and payments via applications like Xoom and Venmo.

"Let's be honest, who in crypto has better distribution than PayPal already?" said Dragonfly's Hadick. "It's unlikely in my mind that PYUSD proliferates DeFi [decentralized finance], or that it proliferates other [non-Paypal] applications. But it reduces the burden on PayPal's back office operations and makes them more capital efficient, such that they improve their own margins by 50 basis points and perhaps pass off some of that to the customer."

Dollar base

Stablecoins as a payment method will have enduring value and are very important, said Charles Cascarilla, the CEO of stablecoin issuer Paxos. But there's a much larger world out there when considering the $6 trillion or so in money-market funds plus some $17 trillion of deposits at banks, and many trillions more in overseas money-markets funds and dollar deposits, he said.

"Payment assets are always going to be a subset of the broad deposit and dollar base," Cascarilla said in an interview. "So there's only so much that's going to be in payment stablecoins since many people are going to want to be in something that's generating a return."

Hadick agrees that over time, pretty much all trading in both traditional finance and crypto is going to move towards tokenized yield-bearing collateral. "The benefits of being able to earn yield while increasing capital efficiency and do intraday settlement will be too much for any major institution to ignore," he said.

The post PayPal Partners With Solana, While Crypto Investors Jump Into These Other Top Coins For ROI appeared first on Coinpedia Fintech News

Investors are drawn to top crypto ICOs with the potential for exponential growth, often resulting in the emergence of millionaires. One such ICO is Angry Pepe Fork (APORK), which crypto analyst predicts to give investors millionaire status by seizing the opportunity to purchase APORK at $0.14. 

Established cryptocurrencies like ADA, SHIB, and BNB grapple with price stabilization amidst ongoing network developments. A recent news from the Solana team in an X post, stated that PayPal has formed a partnership with SOL to further draw in more investors and gain widespread acceptance. While Cardano remains resilient, hinting at a surge to $1 by 2024, Shiba Inu (SHIB) faces ongoing challenges in market sentiment, yet its community drives adoption. Additionally, Binance adjusts its stablecoin offerings to comply with regulations, as its value reaches $643.

Angry Pepe Fork (APORK)  Crypto ICO Promises Early Investors 200% ROI

Angry Pepe Fork’s (APORK) recent debut in the presale market is a significant one, especially for those who missed out on the opportunity to buy into the Angry Pepe Frog from the onset. As a fork token, APORK offers even better prospects than the PEPE coin, as it introduces more utility functions than its earliest counterpart. 

Notably, APORK is backed by interesting and pioneering MemeFi features like its innovative “conquer-to-earn” system, which has been a point of attraction to investors and analysts alike. By incorporating incentivized activities, Angry Pepe Fork empowers users to conquer zombie meme cryptos, and eventually unlock lucrative rewards collectively. 

Furthermore, The Angry Pepe Fork ecosystem also offers an enticing staking system, enabling members to lock in APORK for varying periods ranging from 30 to 60 and 90 Days or more, thereby amplifying their Annual Percentage Yield (APY) for greater rewards. As APORK charts a path for expansion, it aims to form strategic partnerships, list on top exchanges to enhance the coin’s utility and solidify its position in the meme coin market.

Currently in its initial presale stage, the native APORK is sold at a modest price of $0.014, with analysts predicting a staggering 200% surge for the native APORK token during the presale. Even better, the value of APORK is anticipated to go as high as 350% upon listing on top-tier exchanges. As a testament to its commitment to transparency, APORK’s smart contract has been thoroughly audited by SOLIDProof, ensuring trust among members. 

Cardano Token: Price Correction But Bullish Signs Emerge – Can It Hit $1 by 2024?

Amid recent market fluctuations, Cardano’s (ADA) price has retracted by 1% in the last week and nearly 3% over the past 30 days. However, amidst heightened market volatility, bullish sentiments are gaining traction, hinting at a potential uptrend in its ADA price trajectory. 

Despite facing downward pressure, the Cardano token is currently trading at $0.456 with a market cap of $16 billion, reclaiming its position as the 10th largest cryptocurrency by market cap. Meanwhile, over the past year, Cardano’s price has exhibited remarkable performance surging by 20%, according to data from CoinMarketCap. 

This noticeable increase has further sparked optimism among market analysts, who foresee new price levels for Cardano. The analyst projects a potential surge to $1 by the end of 2024, positioning Cardano as a top crypto to buy.

Shiba Inu Price Trajectory: Can it Climb to New Highs   

Sensational meme coin, Shiba Inu (SHIB) has witnessed a sluggish movement on the price chart in recent weeks. Last month, SHIB’s price experienced a 4% decline, trading between $0.0000248 and $0.0000244, reflecting reduced trading market activity. Despite this minor setback, the SHIB token maintains its position as the 11th-ranked cryptocurrency on CoinMarKetCap. 

Moreover, SHIB token has seen significant growth year-to-date, with its price surging by over 178%. Simultaneously, SHIB’s market capitalization and trading volume equally reflect a steady increase, as well as ongoing support from the Shiba Inu community. As such, analysts are optimistic about SHIB’s future and are predicting it to reach new all-time highs. 

Solana Price Surges on PayPal Integration – $170 Price Target in Q2 2024?

Solana (SOL), a top cryptocurrency, is making waves in its ecosystem with recent developments. Among these, Solana has announced the integration of the PayPal USD stablecoin onto its blockchain, enhancing the utility of PYUSD for everyday transactions. This latest development is set to attract investors, and could potentially trigger a rally for Solana’s utility token. 

Adding its recent performance, this top crypto coin has demonstrated impressive growth, with its price surging by over 664% over the last 12 months. Additionally, the 24-hour trading volume has increased by 8% to reach $1 billion, indicating soaring buying market activity. As this development unfolds, crypto analysts predict a further rise in Solana’s price, with expectations reaching $170 within the second quarter of 2024. 

Binance Token Soars 7% in Consolidation: Can It Break Out Despite Regulatory Concerns?

During the past two weeks of market consolidation, Binance Coin (BNB) displayed notable resilience, maintaining its position above the $600 support level. As a result, BNB witnessed a weekly surge of over 7% and reached a monthly high of 9%, indicating the potential for a breakout from the consolidation phase. 

Impressively, the coin’s yearly high soared by 109%, solidifying its strong performance in the market. Currently, Binance Coin is trading at $643, with a market capitalization of $94 billion.

Meanwhile, in a recent tweet, the Binance network announced forthcoming restrictions on certain stablecoins in line with MiCA regulations. 

These MiCA restrictions will limit Binance’s availability to users in the European Economic Area (EEA) on specific services. To address this concern, the Binance Network recommends regulated stablecoins as suitable alternatives– a proactive solution to complying with regulatory requirements.

Why Analysts Picked Angry Pepe Fork Over SHIB and Altcoins Like BNB, SOL, and ADA?

Angry Pepe Fork (APORK) distinguishes itself from its peers by introducing a unique “Conquer to Earn” incentive model. Also, it offers a robust staking system that highlights its commitment to community empowerment. Furthermore, having undergone a rigorous smart contract auditing by SOLIDProof, Angry Pepe Fork is able to ensure user trust and security, positioning APORK as a frontrunner in the cryptocurrency market.

Buy Angry Pepe Fork Before Its Price Skyrockets

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Owing to RBLZ’s profit potential, investors from Solana and FLOKI are migrating en masse to capitalize on promising gains in the crypto market.

TLDR

Solana (SOL) dipped slightly over the past few days following the launch of PayPal USD.

FLOKI has dipped by 3% amid rising concerns about its dwindling price trajectory.

Rebel Satoshi (RBLZ) is one of the trending memecoins to buy due to its overwhelming post-launch success and 25x profit potential.

Cryptocurrency experts have advised that it is best to choose ICOs ahead of top altcoins like Solana (SOL) and FLOKI for profitable investments amid market consolidation. As a result, investors are flocking to Rebel Satoshi (RBLZ), which continues to surmount expectations as it continues to thrive on major crypto exchanges. Let’s see why SOL and FLOKI investors choose RBLZ as a promising crypto to buy.

PayPal USD launches on Solana in $2.6 trillion payments market

In its long-running war with Ethereum, Solana has found an unexpected new ally: PayPal. The online payment pioneer has decided to put its stablecoin, PayPal USD (PYUSD), on the Solana blockchain network, the two firms said last week.

Meanwhile, Solana’s SOL token has declined over the past week, sliding from $170 to $164.92. However, Solana enthusiasts foresee a potential bullish movement, with SOL anticipated to surge to $225.54 by mid-July, driven by increased network adoption and the PayPal USD launch.

Conversely, bearish predictions within the SOL community hint at a further downturn. Some analysts predict SOL will drop to $148.08 by July, attributing this potential decline to bearish pressures on SOL.

You might also like: Solana, FLOKI holders eye Rebel Satoshi amid bullish prediction

Experts favor RBLZ as top crypto pick

Rebel Satoshi is a new memecoin project that aims to launch a decentralized market revolution through its creative, community-focused strategy. Members of the Rebel Satoshi ecosystem play a crucial role in the platform’s governance and actively participate in the development of its dual-token ecosystem.

The RBLZ coin grants voting rights for crucial community decisions and provides several perks, like early access to NFT collections. During its presale, RBLZ raised almost $2.5 million and is now trading at $0.025 on Uniswap, CoinStore, Coingecko, and DEXTools.

Notably, the token’s price increased by 150% from its initial presale price of $0.010 to a listing price of $0.025. Experts now predict a further 25x rise for RBLZ due to this exceptional performance.

Meanwhile, Rebel Satoshi’s second token, RECQ, is in Stage 2 of its presale and is priced at $0.0044. Early investors in this stage can expect a 25% return when RECQ reaches $0.0055 in Stage 3 and an 184% profit when it achieves a launch price of $0.0125.

RECQ is the utility token that underpins all transactions and interactions on the Rebel Satoshi platform, providing significant real-world utility. In addition, RECQ users get access to the platform’s innovative buyback program and a variety of play-to-earn games in the Rebel Satoshi Arcade. 

Many traders now regard RECQ as an investment prospect with more growth potential compared to Solana and FLOKI. Don’t miss the opportunity to enter the Rebel Satoshi presale and diversify your portfolio with one of the trending presale memecoins, RECQ.

You might also like: Solana memecoins ramp up NFT integration as Rebel Satoshi Arcade excels

Floki developers aim to enhance token fundamentals with a new trading bot

On May 27, 2024, Floki devs announced the launch of a trading bot tool that allows FLOKI holders to trade trending memecoins on the BNB Chain network. The Telegram-based bot will initially be available to a limited number of users during a beta testing period to detect and resolve any technical faults.

Over the past week, FLOKI’s price has fallen from $0.00028 to $0.00027, representing a 3.31% loss. This price action has sparked varying opinions among financial analysts on FLOKI’s future. Some predict a further decrease, with FLOKI reaching $0.00020 by July.

In contrast, a common feeling among FLOKI enthusiasts is that the growing adoption of trending memecoins could influence FLOKI’s value. Therefore, they forecast a bullish trend, with FLOKI rising to $0.00035 by mid-July.

For the latest updates and information, visit the official Rebel Satoshi Website or join the Telegram community.

Read more: Rebel Satoshi presale aims for 10x gains; Toncoin and Solana investors join in

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Solana (SOL) and FLOKI see slight dips, while Rebel Satoshi (RBLZ) trends as a top memecoin with 25x profit potential.

Cryptocurrency experts have advised that it is best to choose ICOs ahead of top altcoins like Solana (SOL) and FLOKI for profitable investments amid market consolidation. As a result, investors are flocking to Rebel Satoshi (RBLZ), which continues to surmount expectations as it continues to thrive on major crypto exchanges.

PayPal USD goes live on Solana 

In its long-running war with Ethereum, Solana has found an unexpected new ally: PayPal. The online payment pioneer has decided to put its stablecoin, PayPal USD (PYUSD), on the Solana blockchain network, the two firms said last week.

Meanwhile, Solana’s SOL token has declined over the past week, sliding from $170 to $164.92. However, Solana enthusiasts foresee a potential bullish movement, with SOL anticipated to surge to $225.54 by mid-July, driven by increased network adoption and the PayPal USD launch.

Conversely, bearish predictions within the SOL community hint at a further downturn. Some analysts predict SOL will drop to $148.08 by July, attributing this potential decline to bearish pressures on SOL.

You might also like: Solana memecoins ramp up NFT integration as Rebel Satoshi Arcade excels

RBLZ emerges as experts’ favorite option

Rebel Satoshi is a new memecoin project that aims to launch a decentralized market change through its unique, community-focused strategy. Members of the Rebel Satoshi ecosystem play a crucial role in the platform’s governance and actively participate in the development of its dual-token ecosystem. 

The RBLZ coin grants voting rights for crucial community decisions and provides several perks, like early access to NFT collections. During its presale, RBLZ raised almost $2.5 million and is now trading at $0.025 on Uniswap, CoinStore, Coingecko, and DEXTools.

Notably, the token’s price increased by 150% from its initial presale price of $0.010 to a listing price of $0.025. Experts now predict a further 25x rise for RBLZ due to this exceptional performance.

Meanwhile, Rebel Satoshi‘s second token, RECQ, is in Stage 2 of its presale and is priced at $0.0044. Early investors in this stage can expect a 25% return when RECQ reaches $0.0055 in Stage 3 and an 184% profit when it achieves a launch price of $0.0125.

RECQ is the utility token that underpins all transactions and interactions on the Rebel Satoshi platform, providing significant real-world utility. In addition, RECQ users get access to the platform’s buyback program and a variety of play-to-earn games in the Rebel Satoshi Arcade. 

Many traders now regard RECQ as a superior investment prospect with more extraordinary growth potential compared to Solana and FLOKI.

You might also like: Ripple CEO predicts ETFs for SOL, ADA, XRP; Rebel Satoshi gains attention

Floki developers aim to enhance token fundamentals with trading bot

On May 27, 2024, Floki devs announced the launch of a trading bot tool that allows FLOKI holders to trade trending memecoins on the BNB Chain network. The Telegram-based bot will initially be available to a limited number of users during a beta testing period to detect and resolve any technical faults.

Over the past week, FLOKI’s price has fallen from $0.00028 to $0.00027, representing a 3.31% loss. This price action has sparked varying opinions among financial analysts on FLOKI’s future. Some predict a further decrease, with FLOKI reaching $0.00020 by July.

In contrast, a common feeling among FLOKI enthusiasts is that the growing adoption of trending memecoins could influence FLOKI’s value. Therefore, they forecast a bullish trend, with FLOKI rising to $0.00035 by mid-July.

To learn more about Rebel Satoshi, visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.

Read more: Rebel Satoshi presale aims for 10x gains; Toncoin and Solana investors join in

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our  website policy prior to making financial decisions.

Investors witnessed significant gains in three notable stocks today: J.M. Smucker (NYSE: SJM), PayPal (NASDAQ: PYPL), and Lululemon Athletica (NASDAQ: LULU). Each company’s strong performance was driven by impressive earnings reports, strategic moves, and positive market sentiment.

J.M. Smucker (SJM) Surges on Strong Earnings and Portfolio Transformation

J.M. Smucker’s (SJM) shares experienced a 6.1% increase to $117.08 in early trading, marking the company’s best day in nearly four years.

The surge followed J.M. Smucker’s impressive quarterly earnings report, which showed adjusted earnings of $2.66 per share, surpassing Wall Street’s estimate of $2.35. Although net sales of $2.2 billion were slightly below the consensus of $2.24 billion, the acquisition of Hostess Brands was highlighted as a positive impact on the company’s portfolio. CEO Mark Smucker emphasized the strengthened business foundation due to portfolio transformation and key acquisitions.

Join our Telegram group and never miss a breaking story.

PayPal (PYPL) Gains on Undervaluation and Investor Confidence

PayPal’s stock (PYPL) experienced a notable 5% gain in a surprising rally, driven by investor confidence and strong market performance today. The company’s strong competitive position in the market was emphasized, with significant shareholders like Steven Cohen and Jim Simons showing confidence in PayPal’s prospects.

PayPal is being seen by the market as significantly undervalued, presenting a lucrative opportunity for investors in the credit services industry.

Lululemon Athletica (LULU) Jumps on Earnings Beat and Share Buyback

Lululemon Athletica’s stock (LULU) jumped over 5% following a positive earnings report and an increase in its share-buyback program.

The company announced a $1 billion increase in its share-buyback program, the second increase in six months, demonstrating its commitment to returning value to shareholders. Lululemon reported a 10% increase in quarterly revenue to $2.2 billion, surpassing analysts’ expectations. The company’s growth, especially in international markets like China, which saw a 35% rise in net revenue, was a key factor in the stock’s surge.

Disclaimer: The author does not hold or have a position in any securities discussed in the article.

The post Stocks to Watch Today: J.M. Smucker, PayPal, and Lululemon Athletica appeared first on Tokenist.

According to recent reports, the Central Bank of the UAE approved the issuance of a regulation for licensing and overseeing stablecoins and a series of policies aimed at supporting the banking, insurance, and financial services sectors.

The meeting also reviewed CBDC (Central Bank Digital Currencies), the digital Dirham, which is part of the Central Bank’s Financial Infrastructure Transformation Program (FIT). Other FIT projects include the Instant Payments Platform (Aani) and the Jaywan Domestic Card Scheme.

UAE Commercial Banks Encouraged to Integrate CBDC

Earlier this year, an EY (Ernst &Young) report noted that the Central Bank of the UAE is operationalizing its domestic CBDC and encouraging all UAE commercial banks and payment processors to participate in a pilot integration with the Central Bank UAE node for issuing digital Dirham.

Also read: UAE Central Bank Piloting CBDC With UAE Commercial Banks and Payment Processors

The meeting was chaired by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Central Bank of the UAE (CBUAE).

UAE Regulates Stablecoins as the Market Grows

This meeting was held just one day after the Dubai Financial Services Authority in DIFC ( Dubai International Financial Centre) also approved the introduction of stablecoins in its jurisdiction.

Also read: DFSA Amends Crypto Regulations in Dubai’s Special Economic Zone

Lately, stablecoins have emerged as a bridge between the stability of traditional finance and the innovation of cryptocurrencies. Unlike other cryptocurrencies whose value can fluctuate wildly, stablecoins are pegged to a stable asset, typically a fiat currency like the US dollar. This peg aims to offer a more predictable store of value within the crypto ecosystem.

Big Players like PayPal are Already Adopting Stablecoins

In May 2024, the stablecoin ecosystem rebounded, achieving a market capitalization of $161 billion, marking a 0.63% increase from the month’s outset. According to CCData, this marks the highest level since April 2022, following eight months of steady growth.

1/ Our latest #Stablecoin & CBDCs Report is live, providing insight into recent stablecoin developments, market capitalisation, & more!In May, the stablecoin market cap rose 0.63% to $161bn (as of May 23), marking the 8th consecutive monthly increase & highest since April 2022. pic.twitter.com/FrtXkv1z2E

— CCData (@CCData_io) May 29, 2024

Established players like PayPal are entering the arena. At the end of May 2024, PayPal launched its PayPal USD (PyUSD) stablecoin on the Solana blockchain. Users will be able to send PyUSD to both Solana and Ethereum blockchains. Such rapid development is pushing financial regulators to regulate the stablecoin market as it grows.

Cryptopolitan reporting by Lara Abdul Malak