Visa allows crypto as a payment method, a digital Euro might be launched

Hello everyone, this is our weekly crypto digest. Here you’ll find everything from a weekly market summary and top news to the hottest new listings on exchanges, and even memes to cheer you up. To get these updates as soon as we post them, follow us on Twitter.

Weekly Market Summary

Visa will allow the USD Coin (USDC) to settle payments. The USD Coin (USDC) is a stablecoin  the value of which is pegged directly to the U.S. dollar. 

If a customer chooses to use a Crypto.com Visa card for payment, the digital currency held in a cryptocurrency wallet needs to be converted into traditional money. The cryptocurrency wallet will deposit traditional fiat currency in a bank account, to be wired to Visa. And the company will use the Ethereum blockchain.

Chirstine Lagarde, serving as President of the European Central Bank (ECB), said that a digital Euro will be developed in the next few months—but the actual release of such a currency could take years. A central bank digital currency (CBDC) is a digital version of  Euro that is backed by a central bank.  

The ECB would make a decision soon on whether to actually release a CBDC. After all, that “mid-2021” target is only three months away. If lawmakers give the green light, the  developing process of the technology will then start.

Quick weekly news:

• Enjin secures $18.9M funding for Polkadot-based NFT blockchain: Read more here.

• South Korea to launch blockchain-based vaccine passports: Read more here.

• Coinbase competitor Blockchain.com raises $300 million in crypto funding frenzy: Read more here.

• $11 Billion in ‘Fake’ Uniswap Volume Causes DeFi Project and DEX to Clash: Read more here.

Other notable events include:

– Tesla helped patch a bug  

– Binance launches payments app in alpha

Tesla

Tesla disclosed a bug in the open-source Bitcoin payment processor and wallet BTCPay Server, and it also helped the project’s team to patch the flaw.

BTCPay’s team, in turn, thanked the electric vehicle manufacturer for responsible disclosure of the information, assistance in correcting the situation and professional approach in  resuming the situation.

Binance

Binance released its payment app, Binance Pay, in public alpha. The app is a contactless peer-to-peer cryptocurrency payment feature that allows users to send and receive payments in cryptos like Bitcoin (BTC).

Binance Pay supports more than 30 cryptocurrencies including Bitcoin, Ether (ETH), Binance Coin (BNB), and supports five fiat currencies including the Euro, British pound, Australian dollar, Brazilian real, and Turkish lira.

Here are the hottest exchange listings of the last week: 

New Listing on Binance:

– SuperFarm (SUPER/BTC SUPER/BUSD SUPER/USDT)

– Conflux Network (CFX/USDT CFX/BUSD CFX/BTC)

New Pairs on Binance:

– LTC/GBP ENJ/GBP EOS/TRY LUNA/EUR

New Pairs on FTX:

– HOT-PERP SC-PERP

– STMX/USD STMX-PERP IOTA-PERP SRN-PERP

– AUDIO-PERP

– CONV/USD ALCX/USD ALCX-PERP HBAR-PERP CONV-PERP

– COPE/USD

New Listing on Huobi:

– Render Token (RNDR/BTC RNDR/ETH RNDR/USDT)

– Axie Infinity (AXS/BTC AXS/USDT AXS/ETH)

– Stone DeFi (STN/BTC STN/USDT STN/ETH)

By the way, our PRO plan includes new Exchange Listing alerts for all 27 exchanges in the app. Become a PRO and receive an instant notification when a new coin is listed on Coinbase Pro, Binance, or your exchange of choice!

 

 

We have prepared for you top-performing coins of Apr 1.

Filecoin has managed to become the best performing asset among  TOP-100, gaining 40.87% within the last 24 hours.

BitMax Token was the worst-performing asset among  TOP-100 (again), losing 20.55% within the last 24 hours.

To get up-to-date reports on gainers and losers during the week, follow us on Twitter.

Top crypto meme of the week

Times are changing 😎

We hope you found this digest useful and informative! If you want to be the first one to receive new crypto insights and stay up-to-date with the market, follow us on Twitter. Happy trading with the Good Crypto app!