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Upland Is Celebrating 1 Million NFT Properties Minted in the Metaverse – Sponsored Bitcoin News

Upland Is Celebrating 1 Million NFT Properties Minted in the Metaverse – Sponsored Bitcoin News


Upland has just hit a major milestone in their platform, and for the NFT landscape as a whole. Being one of the world’s fastest growing digital metaverses, Upland’s users have recently minted the millionth NFT property on the platform.

Not long after being featured on CBS/Paramount Plus’ 60 Minutes+, Upland, the property trading metaverse, has reached a record-breaking milestone by surpassing over one million NFT properties minted in just 18 months since its inception. Upland is one of the world’s fastest growing blockchain games, with an active community of tens of thousands of daily active players flipping properties and growing their net worths. The millionth property NFT was officially minted on June 15.

Upland is an NFT metaverse mapped to real world addresses, where people around the world can buy, sell and trade virtual properties. The cities which are live in Upland include San Francisco, Brooklyn, Manhattan, Fresno, Oakland, Bakersfield, Staten Island, and most recently Chicago, with the release of Cleveland right around the corner, but can be played by anyone across the world. Each property in the Upland metaverse is a non-fungible token on the EOS blockchain, giving the users true ownership of their properties.

The game’s user base has been rapidly growing their in-game net worth, and flipping properties left and right. Players have been seeing incredible returns after putting some time and strategy into their property investments. When asked how players’ net worth has changed over time, a player named BEN68 responded with: “From 4,000UPX when I started in January 2020, to 64,500,000UPX in June 2021” representing an astonishing 1,612,400% increase in net worth! GreenTurtle, another Uplander, reported only investing $5 into the platform and realizing gains of over 100,000%.

It’s not uncommon to see these types of stories in the metaverse, as the number of players and cities continue to increase quickly.

1,000 UPX is equivalent to 1 USD, and with the Property-to-USD feature that was recently introduced to Upland, more players are taking full advantage of Upland’s Play-to-Earn gaming model and cashing out their gains to real U.S. dollars. This gaming model allows players to have true ownership of their in-game assets, with full command over how they want to manage those assets.

Upland’s free market economy-focused approach will soon mean players being able to start their own businesses, continuing to flip property NFTs, and seeing their in-game investments turn into real dollars. Real laws of supply-and-demand are already taking hold in Upland, and it will continue to grow as more features, partnerships and collaborations develop.

To register for Upland, visit this link for a 6,000 UPX starting bonus to get your property portfolio off to a strong start. Upland is available on iOS, Android and the Web. It can be played from anywhere in the world. To stay up to date on all things Upland, follow the project on Twitter and join their 24,000-strong Discord here.


This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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$30,000 Bitcoin Price Breached – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides


The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

The sell-off in the bitcoin market continued as the $30,000 level was briefly breached yesterday. The ugly price action has many market participants worried that the bull market has concluded, and it is very possible that for the time being bitcoin will consolidate in a range around $30,000.



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Coinbase Approved to Enter Japanese Cryptocurrency Market – Exchanges Bitcoin News


Coinbase is now registered as a cryptocurrency exchange to operate in Japan. The Japanese financial regulator has approved Coinbase to trade five cryptocurrencies.

  • Japan’s top financial regulator, the Financial Services Agency (FSA), announced last week that it has registered Coinbase as a crypto exchange service provider based on the revised Fund Settlement Act.
  • According to the FSA, Coinbase is approved to trade bitcoin (BTC), bitcoin cash (BCH), ether (ETH), stellar lumen (XLM), and litecoin (LTC).
  • The approved entity is a Japanese subsidiary of Coinbase Global, a Nasdaq-listed company.
  • Coinbase unveiled its plan to enter the Japanese crypto market back in 2018. The company said at the time that it would be “working hand-in-hand with the Japanese FSA to ensure compliance with local laws at every stage.”

  • Coinbase is also a member of the Japan Virtual and Crypto assets Exchange Association (JVCEA), a self-regulatory organization. Following Coinbase’s successful registration with the FSA, the association announced that the company is now its “first-class member.” In 2018, Coinbase joined the JVCEA as a “second-class member” — the categorization reserved for companies that have not registered with the FSA.

What do you think about Coinbase entering the Japanese crypto market? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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How Wanchain’s Litecoin Integration Paves the Way for Mainstream Adoption of Decentralized Cross-chain Infrastructure


With so many blockchains on the market today, the demand for cross-chain operability grows ever louder. While there are some projects in development, Wanchain stands out among the pack. Having just integrated Litecoin into its cross-chain ecosystem, Wanchain’s interoperability solution is miles ahead of competing ecosystems.

Blockchain Needs Cross-Chain Support

No matter how one wants to look at it, the time for “competing” blockchains appears to be over. Because every ecosystem has its benefits and drawbacks, bridging the gap between blockchains will help usher in the mass adoption of blockchain technology. Additionally, for consumers and corporations, it is essential not to worry about which technology one uses or whether it is compatible with a particular tool or application. However, before that can happen, the blockchain industry will need to become cross-chain compatible.

Achieving that goal is a lot more complex than it sounds. By default, the different public blockchains are incompatible with one another on the communication front. That seems weird, as they all share crucial aspects, yet they are not designed to interact openly. However, it is possible to rectify that situation by building cross-chain bridges, among other concepts. Numerous concepts are currently in development, yet here is one ecosystem that developers and users can rely on today.

Wanchain, The Decentralized Cross-Chain Solution

It is essential to create decentralized cross-chain solutions to preserve the decentralized nature of blockchain technology. Wanchain is the only service provider that has this functionality on its mainnet and is ready to be used. The team specializes in building decentralized bridges to connect different siloed blockchain networks. Their efforts have even attracted the attention of the State Grid Corporation of China, the world’s largest utility company, which is using Wanchain’s technology to build a data management system. For developers, this infrastructure allows for more complex applications and DeFi products.

As Wanchain’s cross-chain infrastructure has been in development since 2017, the project has come a long way. Wanchain already connects to Bitcoin, Ethereum, EOSIO, Binance Smart Chain, and the XRP Ledger and, most recently, Litecoin in its current form. Future additions will include Polkadot, another prominent blockchain and crypto ecosystem. The addition of Litecoin is especially intriguing and will introduce DeFi opportunities to LTC holders worldwide. Furthermore, this bridge will make LTC usable with EVM-compatible smart contracts.

Wanchain uses a proof-of-stake validator node concept to achieve network consensus to ensure a safe and stable environment. This system is proprietary and goes by the name of Galaxy Consensus. However, as more bridges are built connecting other blockchains, it will prove essential to provide top-notch security and peace of mind at all times. Decentralization is a powerful concept but also comes with many new responsibilities.

To perform cross-chain transactions with Wanchain, users have two basic options. One can either use the WanBridge Web interface or the Wanchain Desktop Wallet. Both options are accessible to anyone and require no special technical knowledge. As both options are ready to use today, it highlights Wanchain’s unique position. All other competing solutions are either a proof-of-concept, only running on a testnet or centralised.

Closing Thoughts

Taking cryptocurrency and blockchain technology into the mainstream requires an all-encompassing approach with a strong focus on cross-chain interoperability. Being able to transact data and value freely between blockchains like Bitcoin, Ethereum, EOSIO, Binance Smart Chain, XRP Ledger and Litecoin will introduce more complex use cases capable of catering to the needs of millions of people globally. The time for building a blockchain ecosystem that only serves one narrow purpose is in the past.

More importantly, the concept of decentralized cross-chain interoperable blockchain bridges seemed nigh impossible to achieve a few years ago. Wanchain shows us that it is possible to go down this route and provide this invaluable service to all users. It is now up to competing cross-chain projects to come up with complementing solutions. Connecting all the public blockchains in the world remains the ultimate objective, although it will not be easy to get there.



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While Bitcoin Hits New Lows Gold Bug Peter Schiff Blasts the Top Crypto and Supporters – News Bitcoin News


The American economist, financial commentator, and gold bug Peter Schiff had a lot to say about bitcoin’s price sliding on Tuesday. Schiff has always claimed bitcoin’s value will one day drop to nothing. This week he insists bitcoin’s chart shows a head and shoulders top pattern with a “neckline around $30K the pattern measures a move to zero.”

Schiff Believes Microstrategy Will Sell Every Last Satoshi

After bitcoin (BTC) dropped 10% Monday during the overnight and into the morning sessions on Tuesday, Peter Schiff took to his soapbox on Twitter and hammered the leading crypto asset. Schiff often has nothing good to say about bitcoin but on Tuesday, a great majority of his tweets (close to ten in total) were dedicated to bitcoin. The financial commentator talked about his favorite investment, gold, as well, and discussed how the precious metal dipped 6% last week.

“Over the weekend bitcoin bugs made fun of gold’s 6% drop last week, which was about twice bitcoin’s 3% decline,” Schiff said. “But while gold recovered some of those losses today, bitcoin crashed by another 9%. Also, while gold is down 9% from its 2021 high, bitcoin is down a whopping 50%,” he added.

Schiff’s tweets even targeted bitcoin bulls like Microstrategy’s Michael Saylor and Digital Currency Group’s Barry Silbert. Schiff tweeted:

If you really want to buy bitcoin, wait until Microstrategy sells its last satoshi. If MSTR keeps selling stock and borrowing money to buy into a falling market, existing or new shareholders will be forced to liquidate. [Michael Saylor’s] diamond hands are really made of glass.

One individual defended Microstrategy’s CEO and told Schiff to debate Saylor or stop criticizing a “technology that you don’t understand.” Others stated in the Twitter thread that Schiff has already offered to debate Saylor, but the Microstrategy executive allegedly “has not taken him up on it.”

While Bitcoin Hits New Lows Gold Bug Peter Schiff Blasts the Leading Crypto and Supporters
BTC/USD three-day chart on Tuesday, June 22, 2021.

Schiff Slams Silbert and Novogratz, Spencer Schiff Defends Bitcoin

In another tweet on Tuesday, Schiff went after Digital Currency Group’s CEO Barry Silbert. “In Mar. [Barry Silbert] promised GBTC investors he’d close the 10% discount to NAV by buying back $250 million of shares,” Schiff wrote. “And then in early May he promised to increase the buy to $750 million. So far he’s purchased less than a third of that amount. What are you waiting for Barry?” Schiff asked the Digital Currency Group executive.

Then the gold bug went after billionaire investor and Galaxy Digital CEO Mike Novogratz.

“As bitcoin crashed below $30K, CNBC invited [Mike Novogratz] to try to pump it back up,” Schiff remarked after his many anti-bitcoin tweet bombs on Tuesday. “Novogratz claims Bitcoin can’t keep falling as there is all this new institutional demand. Assuming some institutions were getting interested above $60K, I’m sure they’ve lost interest below $30K.”

Of course, Schiff’s son Spencer Schiff got in on the action after his father tweeted about bitcoin doing a dead cat bounce.

“Don’t get excited about bitcoin’s dead cat bounce from an intra-day low of around $28.6K to near $32K,” Schiff’s tweet scathed on Tuesday. “Nothing drops in a straight line, [especially] a token as highly manipulated as bitcoin. As this bear market grinds on, about 55% so far, better to sell the rips than buy the dips,” the economist added. Spencer, however, snarkily snapped back at his father and said:

The Bitcoin forecasting wizard has spoken.

However, in terms of likes and retweet ratio, Spencer’s father had more likes and retweets. Others defended Spencer Schiff’s statement and said that Peter has been “spectacularly wrong about Bitcoin multiple times over a decade. If he’s right this time it will be purely a broken clock situation.”

Schiff’s Bitcoin TA and the Head and Shoulders Patterns That Lead to Zero

Besides the dead cat bounce commentary, Schiff also described an alleged head and shoulders pattern in the BTC/USD chart. As usual, Schiff declared that the leading crypto asset’s fiat value was on its way to zero.

“The most ominous thing about bitcoin’s head and shoulders top pattern is that with a head near $65K and a neckline around $30K the pattern measures a move to zero,” Schiff wrote. “That’s because the pattern projects a move below the next line that equals the move from the neckline to the head.”

“Funny how you’ll apply low probability TA (technical analysis) to BTC, but you won’t even consider the annualized returns of bitcoin over the last 10 years,” an individual responded to Schiff’s head and shoulders tweet.

What do you think about Peter Schiff’s bitcoin commentary on Tuesday? Let us know what you think about this subject in the comments section below.

Tags in this story
Barry Silbert, Bitcoin, Bitcoin (BTC), Bitcoin Debate, Bitcoin Microstrategy, Cryptocurrency, Dead Cat Bounce, Finance, free markets, gold, head and shoulders, Irwin Schiff, Libertarianism, michael saylor, microstrategy, Mike Novogratz, Peter Schiff, Schiff, Schiff family, silver, Spencer Schiff, tweets, Twitter

Image Credits: Shutterstock, Pixabay, Wiki Commons, Bitcoinwisdom.io,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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[Whitepaper] Automate Your Security with Cynet to Protect from Ransomware


Protect from Ransomware

It seems like every new day brings with it a new ransomware news item – new attacks, methods, horror stories, and data being leaked.

Ransomware attacks are on the rise, and they’ve become a major issue for organizations across industries. A recent report estimated that by 2031, ransomware attacks would cost the world over $260 billion.

A new whitepaper from XDR provider Cynet demonstrates how the company’s platform can help organizations mitigate the impact of ransomware (download here).

Today, attackers have shown themselves to be less interested in ignoring the most vulnerable sectors, such as health care providers and hospitals. With a parallel increase in the number of variants – Wastedlocker, FTCode, Tycooon, TrickBot, REvil, and many others – it’s becoming harder to defend against the growing threat of ransomware.

Ransomware operates by using a variety of infection and encryption techniques to steal or barricade companies’ files behind hard paywalls. Even though many of the most common techniques have become public and organizations can defend against them, new, unknown methods can arrive without notice.

SMEs are at risk

The whitepaper by Cynet explains how the XDR platform works to protect users from ransomware attacks. It also notes that small and medium enterprises, especially, face similar risks to large corporations, but with a much leaner budget and fewer resources. Moreover, an industry-wide skills shortage means they may not always be able to fill necessary positions to keep themselves defended.

According to the whitepaper, the first step to defend against ransomware is to prevent it from infecting an environment in the first place. That’s not always possible, and if ransomware does manage to breach an endpoint, it’s critical to have a full view of the environment and be able to detect the infection and kill all related ransomware processes.

Moreover, it’s crucial to isolate infected machines. In short, the optimal response is prevention, rapid detection, containment, and removal.

Consolidating defenses in a single, unified platform

Cynet breaks down how its platform relies on a variety of prevention, detection, and remediation layers that protect its customers from ransomware attacks.

The company’s approach attempts to match and adapt to the complexities of dealing with ransomware:

  • Detection is difficult since attackers are constantly changing the techniques attackers use to deploy ransomware.
  • Speed is of the essence when dealing with ransomware, since it will always move to lock machines and files, complicating the remediation process.
  • Because ransomware doesn’t immediately strike, and can remain hidden for long periods, defenses need full visibility across their environment to root out any traces of it.

Cynet is constantly fielding calls to assist with ransomware attacks, and it has developed a strong toolkit of incident response tools. However, many companies only learn about the impact of ransomware and the importance of preemptive defenses after they’ve been infected.

Prevention and detection

Cynet’s solution starts with multiple preventions and detection techniques, including common next-generation antivirus (NGAV), and adds in real-time memory protection to detect ransomware behaviors from unknown variants, critical component filtering to prevent ransomware from harvesting credentials and spreading, real-time file filtering to prevent ransomware from altering existing files and deception technology to lure ransomware into accessing decoy hosts and files.

Investigation and Remediation

While most ransomware protection solution providers focus almost exclusively on prevention and detection, Cynet also places considerable emphasis on quickly and thoroughly responding to ransomware attacks post-detection.

Importantly, Cynet emphasizes that the prevention and detection of an attack instance are critical, but only the first step. Companies must assume that the malicious artifact identified is only the tip of an iceberg.

Cynet automatically triggers an automated investigation following each endpoint, user, or network alert, to disclose its root cause and scope and apply required remediation actions across the environment. Because Cynet is an XDR solution, it can apply a very broad range of remediation actions directly from its platform across endpoints, networks, users, and files.

They also provide automated remediation playbooks, which are very valuable for stringing multiple remediation actions together to respond to ransomware threats.

Final Thoughts

After speaking with several representatives from companies that have had to dig themselves out of a widespread ransomware infection, you definitely do not want to be in that situation. Every single one wished they had better protections in place so they could have avoided the excruciating experience.

Having a broad arsenal of prevention, detection, and response tools are critical to prevent your company from becoming the next ransomware victim.

Download the whitepaper here.





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Patch Tor Browser Bug to Prevent Tracking of Your Online Activities


Track Tor Browser

Open-source Tor browser has been updated to version 10.0.18 with fixes for multiple issues, including a privacy-defeating bug that could be used to uniquely fingerprint users across different browsers based on the apps installed on a computer.

In addition to updating Tor to 0.4.5.9, the browser’s Android version has been upgraded to Firefox to version 89.1.1, alongside incorporating patches rolled out by Mozilla for several security vulnerabilities addressed in Firefox 89.

Stack Overflow Teams

Chief among the rectified issues is a new fingerprinting attack that came to light last month. Dubbed scheme flooding, the vulnerability enables a malicious website to leverage information about installed apps on the system to assign users a permanent unique identifier even when they switch browsers, use incognito mode, or a VPN.

Put differently, the weakness takes advantage of custom URL schemes in apps as an attack vector, allowing a bad actor to track a device’s user between different browsers, including Chrome, Firefox, Microsoft Edge, Safari, and even Tor, effectively circumventing cross-browser anonymity protections on Windows, Linux, and macOS.

Track Tor Browser

“A website exploiting the scheme flooding vulnerability could create a stable and unique identifier that can link those browsing identities together,” FingerprintJS researcher Konstantin Darutkin said.

Currently, the attack checks a list of 24 installed applications that consists of Adobe, Battle.net, Discord, Epic Games, ExpressVPN, Facebook Messenger, Figma, Hotspot Shield, iTunes, Microsoft Word, NordVPN, Notion, Postman, Sketch, Skype, Slack, Spotify, Steam, TeamViewer, Telegram, Visual Studio Code, Xcode, WhatsApp, and Zoom.

The issue has serious implications for privacy as it could be exploited by adversaries to unmask Tor users by correlating their browsing activities as they switch to a non-anonymizing browser, such as Google Chrome. To counter the attack, Tor now sets the “network.protocol-handler.external” to false so as to block the browser from probing installed apps.

Prevent Ransomware Attacks

Of the other three browsers, while Google Chrome features built-in safeguards against scheme flooding — it prevents launching any application unless it’s triggered by a user gesture, like a mouse click — the browser’s PDF Viewer was found to bypass this mitigation.

“Until this vulnerability is fixed, the only way to have private browsing sessions not associated with your primary device is to use another device altogether,” Darutkin said. Tor browser users are recommended to move quickly to apply the update to ensure they are protected.

The development arrives little over a week after encrypted messaging service Wire addressed two critical vulnerabilities in its iOS and web app that could lead to a denial-of-service (CVE-2021-32666) and permit an attacker to take control of a user account (CVE-2021-32683).





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South Africa Bank Blocks Clients From Buying Crypto on Binance, Exchange Rejects Allegations – Finance Bitcoin News


A South African bank, Absa, has reportedly blocked use of its credit cards for users buying cryptocurrencies on international exchanges, according to one media report. The claims come after clients of the financial institution reported receiving a text message informing them of the suspension of online payments made to leading crypto exchange, Binance.

Binance’s Alleged Non-Compliance With South African Regulations

According to a Mybroadband report, Absa’s private banking contact center initially suggested that the new measures, which are believed to have gone into effect on June 18, 2021, were implemented because Binance “does not comply with regulations.”

South Africa Bank Blocks Clients From Buying Crypto on Binance, Crypto Exchange Rejects Allegations

Reports of Absa’s blockade of the overseas purchase of cryptocurrencies come just a few weeks after South Africa’s Intergovernmental Fintech Working Group (IFWG) published its new position paper on crypto assets. In this latest document, the IFWG recommended that South Africa should now consider regulating cryptocurrencies.

Meanwhile, Binance, which claims to be fully compliant with all current crypto regulations within the Africa region, has rejected the assertion that it is not. Instead, the crypto exchange suggests the blockade could be linked to the South Africa Reserve Bank’s foreign exchange rules. According to the report, Binance said:

The block to users transactions/cards could be related to [the] South African Reserve Bank [SARB] regulation and foreign exchange regulations.

Repatriation of Value via Crypto Prohibited

Indeed, on its webpage, the SARB confirms that cryptocurrencies are not legal tender and that its Financial Surveillance Department “is unable to approve any transactions of this nature.” The central bank also adds that the “repatriation of value to South Africa through crypto assets is not permitted as part of an individual’s single discretionary allowance and/or foreign capital allowance.”

Meanwhile, after previously saying its retail customers were free to partake in any cryptocurrency dealings with their credit or debit cards, an Absa spokesperson now says this is “not permissible in South Africa.” Nevertheless, the spokesman told Mybroadband that since its inquiry “is an industry matter, and not Absa-specific, we suggest that you approach the SA Reserve Bank for a more comprehensive view.”

At the time of publishing, Mybroadband said it had not received feedback from SARB on its inquiry.

What are your thoughts on Absa’s decision to stop clients from buying crypto assets on Binance? Tell us what you think in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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Why Quppy Could Become the All-In One Superapp for The Post Covid-19 World


Digital financial solution Quppy has completed an investment round with a promising valuation of 25 million euros. Led by reputed investors in different sectors, the round and its result are evidence of this project’s commitment in becoming the all-in-one Superapp for the convergence of traditional and digital financial services.

Quppy is the first fully operational solution based on the Bank as a Service model. It allows everyday people and companies to access the financial system with multiple features. Users can download it on iOS or Android to manage their cryptocurrencies and traditional currencies, to immediately open an account in euros and British pounds, and access Quppy’s top-up feature.

The round will enable this project to grow beyond its current limits into regions where a great portion of the population lives outside the financial system. After 2020, due to the Covid-19 pandemic, the need for solutions such as Quppy has expanded; the worlds move faster into digitalization.

Dmitry Nikiforov, Quppy CEO, claimed to be excited about the project’s successful round. He highlighted the importance of the results after the U.S. and EU markets underperformed due to the Covid-19 emergency. In this scenario, Quppy managed to constant growth in terms of customers and partners. Nikiforov added:

One of our key goals is to provide our customers a brand-new personal banking experience on an everyday basis while contributing to norms of Open Banking mechanisms all around the world.

How Quppy Could Disrupt The Financial System

The project will expand to Latin America. Thus, users in this region will have access to invaluable tools to counter the obstacles caused by the pandemic, lockdowns, and shutdown of the banking system. The company is committed to meet the demand of its customer for contactless financial and payment solutions.

By the end of 2021, Quppy will launch its prepaid cards reaching another milestone in 2021; it’s expected that the project will increase its revenue by 20% on a monthly basis during this period. In addition to the top-up and other features, prepaid cards will be a new step in becoming the most convenient financial solution.

The Covid-19 changed the life of every person on the planet and emphasized the inconveniences of the legacy economic system. Reports by reputable firms, such as Deloitte, record a rising demand for digital solutions in payments and finances. Quppy is well suited to be at the forefront of this new digital economy, its features have already contributed to connecting users that would otherwise have been completely separated from their families and loved ones.

 



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Simplex Tie-Up With Kava Brings Fiat Directly to Defi – Finance Bitcoin News


As Kava works to expand its multi-asset defi platform’s appeal, the inclusion of Simplex’s fiat-to-crypto processing infrastructure will provide a fresh avenue for users to enter the defi ecosystem with fewer steps and conversions.

New On-Ramp to Streamline Defi Accessibility and Participation

As decentralized finance (defi) regains its footing following the May decline in total-value-locked (TVL) which mirrored the broader selloff in cryptocurrencies, the race is on to improve the overall approachability of this nascent space.

This has led to a flood of investor funds entering the space to support protocols that feature low transaction costs, scalable infrastructure, and intuitive use. However, the one area that has remained largely untouched is the actual fiat gateway to defi protocols. Investors and traders must move coins and tokens into the ecosystem, adding an extra layer step for participants with fiat funds.

Kava, the native defi platform of the Kava blockchain with over 250,000 users, has overcome this hurdle by integrating Simplex’s fiat-to-crypto payment processing services. The new approach means that users can directly enter the Kava ecosystem using a credit or debit card without moving money through other fiat-to-crypto channels first, making it the first defi platform to support direct purchases of the native token.

According to Kava’s vice president of global business development, Aaron Choi:

Kava Labs is dedicated to reducing friction and continuously improving our users’ experience so they can purchase KAVA safely and easily around the world. Our partnership with Simplex provides for a simple and streamlined way to use credit or debit cards to buy KAVA and gain access to all of the assets on the Kava chain.

Simplex, which provides a fiat bridge into and out of the crypto universe for some of the world’s largest crypto exchanges, including Binance, believes that embedded fiat services will also improve the defi platform’s appeal. Ari Last, the vice president of business development at Simplex, echoes this notion,

We’re delighted about this new partnership with Kava.io which will give millions of users worldwide a simple and convenient way to purchase KAVA.

This Simplex integration dovetails the latest developments that Kava unveiled to customers, namely the Kava Swap platform, which is set for launch in August, helping broaden the platform’s reach.

Besides this, other pillars of the ecosystem are due to arrive, the platform already supports cross-asset capabilities through its use of the Cosmos SDK, helping Kava deliver two-sided market-making in bitcoin (BTC), binance coin (BNB), kava (KAVA), and XRP.

Lending, trading, and yield farming are also available in the cryptocurrencies as mentioned above and polkadot (DOT) in addition to the issuance of Kava’s decentralized stablecoin, USDX, to support its accompanying lending activities.

Are you finding the Defi ecosystem difficult to use? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





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