By coinbreze on The CapitalBanking has always played a key role in the cryptocurrency industry. From the beginning of the crypto industry, banking collaboration has spread positive energy to the industry. Cryptocurrency holds a major benefit if it is linked to banks as there you can have access to the crypto to fiat exchange. The banking system is always looking forward to business with the crypto industry because of the growing interest among people. Recent partnerships between banks and the crypto industry not only boost the banking industry but also help both people and the cryptocurrencies.New approaches to the crypto industry lead to a new chapter for the banking sector. The recent announcement from the Bank of America is opening up another big route. Decentralized blockchain ripple technologies will shortly be obtained. However, before the DLT, Bank of America had already adopted the payment network system of Ripple Blockchain.Another bank is ready to welcome the blockchain technology in their country. From a recent report, it is disclosed that the company is expanding to South East Asia. Nevertheless, banking institutions are among the hardest hit by emerging technologies, one of which is Ripple. Recently, the company launched the liquidity offering, adding other leading industry players into the program. The company is currently extending its presence to Japan and Thailand.The ability to conduct a trustworthy and fast network for money transactions, blockchain technology is embraced by several banking institutes. Bank of Asia now collaborates with ripple blockchain to lead the trend of the fast payment system. The headquarter present in Bangladesh and this friendship will open a new path for blockchain and cryptocurrency in Bangladesh.The bank has been considered a public limited commercial bank in Bangladesh and has been one of the country’s largest commercial banks since 1991. According to an employee of the Bank of Asia, Ripple designs and incorporates technologies that control the operations of the Banks. The main objective of the company is to connect banks to the Ripple ecosystem.Another bank is integrating with cryptocurrencies under the regulatory framework. Since 2017, the Russian Government has been drawing up a bill to regulate cryptocurrency and related activities, such as initial coin offerings (ICOs) and transactions with fiat currencies such as the ruble. While officials had previously indicated that the bill was nearing completion, Binance CEO Changpeng Zhao hinted in a speech last October that Russian officials remained indecisive.Now the Central Bank of Russia allows the tokenization of assets. This approach is having a major effect in the crypto industry and permits the tokenization of cryptocurrencies and other equities.One of the biggest ventures ever to emerge out of CBR’s regulatory sandbox since it was released in April 2018; the tokenization program was founded by Nornickel, a Russian mining, and smelting firm. Even authorizing companies to coin “hybrid coins” supported by different assets at the same time, the program will go into effect after Russia’s blockchain bill is passed into law.The Bank of Britain will consider how Britain could adopt a digital currency of bitcoin style as part of a global group of central banks that have united to examine potential barriers in electronic money relying on.The Bank will meet with officials from the Bank of Japan, the European Central Bank (ECB), the Bank of Canada, the Swiss National Bank (BIS) to pool research and experiments with digital central Bank (CBDC) potential.Sir Jon Cunliffe, Deputy Governor of the BoE, will co-chair the body with former EBC member Benoît Cœuré and Head of the BIS Center for Innovation. Globally, a proposal has become increasingly mooted for a central bank’s digital currency to boost payment systems and purchases.The Cunliffe Group will also work closely with other global forums and groups such as the Financial Stability Board and the Cunliffe-chaired Committee on Payments and Market Infrastructure (CPMI).Now Germany is also ready to jump in the crypto custody business. Almost 40 financial institutes are planning to open crypto services in the bank for their clients under a new regulatory framework. The German newspaper Handelsblatt announced on Monday that BaFin obtained more than 40 interest expressions from banks for potential permission to run a crypto custody company.In fall 2019, it was welcomed that some in the industry proposed legislation were a step towards making Germany a “crypto-heaven.” The bill’s final version was designed to simplify banking cryptocurrency-related operations and facilitate easier reliance on external crypto-currency guardian companies or dedicated subsidiary companies.The German Banks ‘ Association, a major lobbying group of more than200 financial institutions supported by the new law, argued that supervised banks have adequate expertise and risk mechanisms in place for safeguarding customer assets.BitGo, a leading digital investment company business, extended its regional footprint earlier this week by creating two new custodial controlled agencies in Europe, one in Germany.Also, a local Yonhap Infomax report states that the Bank of Korea was looking for a blockchain service provider to develop a blockchain bond network which would allow all participants to share bond records.A local official has allegedly confirmed the possibility that blockchain has been tested by South Korean financial authorities to issue state bonds in order to record trading. According to Yonhap Infomax, blockchain bond market study from the Bank of Korea is being carried out with regard to the World Bank and the Commonwealth Bank of Australia’s alleged first-ever blockchain bond activity in 2018.In order to re-structure bond operating records currently held by the Korean Securities Depository to the blockchain-friendly record base accessible by multiple nodes, the Bank of Korea reportedly launched it is Proof of Concept (PoC) project in late 2019.Like these banking institutions, much more finance companies are preparing for potential blockchain payment systems such as ripple, stellar, ethereum, blockchain, and so on. Like rapidly growing elevation channels increase worldwide popularity. Bakers are therefore developing their industry with blockchain technology. Several blockchain ventures in financial industries are now being launched. Banking businesses are about to see a new direction in 2020. Capital sectors are now speeding up with cryptocurrency project for 2020 was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
Uprising market of cryptocurrency — An estimated behaviour of the top-ranked coin’s in 2020By coinbreze on The CapitalAfter 10 years of the first invention of cryptocurrency, the market was worth above 299 billion dollars. It is very necessary to monitor the performance of top-volume coins for the growth of the market. At the time of writing, 61% of the market is dominated by BTC. One coin almost captured the market, but the rest of the 5119 coins (according to coin market cap) shares 39% or the market. Now you can imagine how important it is to be at the top and control the trends of the market.According to the current statistics, the top-volume coins retain the largest space in the Crypto Company. The action of the top volume coin automatically represents the efficiency of the crypto space. From recent data, approximately 11% of the demand is for the majority of 5110 coins.Now last month the market has dealt with a massive pump in bitcoin. According to coinmarketcap data, growth was not important for bitcoin, but other high-volume coins were behaving the same way. This material includes a further study of the quality recovery of top-volume coins. The accompanying coinmarketcap chart changed the top 10 coins listed and shows the change for the last seven days. Understandably, the graphs of each crypt have only travelled upward for the last seven days. The price movement of these coins for the whole month is sure to astound you.Bitcoin:If we evaluate the top-ranked cryptocurrencies, the bitcoin will always be the lead. Primitive, trustworthy, first of its kind, the highest market cap, etc., are the factors that always help to maintain the domain of the crypto industry.Now have look at the price chart of bitcoin.The price is rising in a transparent manner. The start of 2020 wasn’t that good for Bitcoin. Price was supposed to pump up after Christmas but the price was steady between about $7000 and $7500. The price then started to accelerate after the New Year. The Bitcoin began the 2020 journey with an approximate value of $7,200 and now the price is rising well above $10,000. At the end of January, the price increased by almost 29% in just one month. It’s now mid-February and the price has gone past $10,000. The growth rate of Bitcoin is now 44%. This lavish development in bitcoin is also leading the market. Today, the price is more than $10,100.Ethereum:If any other coin that could stand in the vicinity of Bitcoin is the only one in Ethereum. Second, in terms of market capitalization, receiving the proof of a stake algorithm and a stable network brought the investor the greatest possible focus. Ethereum is the second most popular asset for traders. The Ethereum also expanded as bitcoin developed.See the diagram here. How the price has risen since January. It started at $130. Now the price has increased to around $270. Almost the price was about 107% higher. Which is more than twice the size of bitcoin. As a result, the second crypt is performing better than bitcoin. Ethereum prices are increasing by maintaining stability. The market cap rose by 109% and demonstrated massive business potential.Now move on to the third-ranked coin.XRP:According to market capitalization, the 3rd rank coin belongs to XRP. The growth map is similar to that of the Ethereum.The XRP price is moving just like the Ethereum. The initial price of XRP as reported on 1 January was roughly USD 0.193. The price is now $0.317. The growth rate is therefore approximately 62%. It seems that growth is now like Ethereum, but it is still rising above 50%.Bitcoin Cash:A hard fork of bitcoin, bitcoin cash began in 2017. After two years of the trip, this cryptocurrency attracted the attention of the market. Price increased with a rise in the industry in 2017. As the economy returned to its old self and the price dropped, the bitcoin cash went with the market surge. Currently, this coin is shown again in the year 2020. From 1 January to today, the price has increased by about 130%. The price is currently above the curve line of the market cap.Bitcoin SV:Another hard fork of bitcoin cash. The price of this crypto is much higher than the BHC, but the market capitalization is below BHC. That’s why it was ranked 5th. This coin was released on the cryptocurrency market in November 2018. It’s only just completed one year and now it’s keeping a price of about $350. The price hit its peak level at $422 on January 15, 2020. After that, the price of growth fell and is now representing moderate growth. If we can stop the price increase of January 15, the price of this coin has increased from $98 to $350. Now you can imagine how much this coin has won in just a month and a half. Is about 257% of the population has risen. This is one of the highest growth rates seen in this year.Litecoin:Litecoin also showed a positive increase over the course of the month. Market capitalization reached the $5 billion building, and the price increased. It makes it take the 6th place.Litecoin’s price increased by about 100%. Nevertheless, Litecoin’s market cap shows an unprecedented rise in the table. The data show that the Litecoin market cap rose to $5 billion from $2.6 billion in 1.5 months. The market cap currently stands at almost $5.2 billion and the market cap increase is 100%. The Litecoin market cap boosted up to this point.Now let’s move to the coin number seven.EOS:Launched in 2017 and currently standing at 5 billion dollar market capitalization. The price rose from 2.60 dollars to 5.30 dollars approx. and the price is still going straight in its plummet movement. Approximately 103% of increment has shown via data.Tether:The holder of position 8 is the tether. As a stable coin, the price is set at around one dollar. Ultimately, the price does not change much. Nonetheless, market capitalization is the key factor to check the rate of growth of this coin.As you can see in the graph, the price did not move either above $1.01 or below $0.99. Nevertheless, market capitalization was raised on January 7th and consolidated above $4.6 billion after a sudden rise. As of the beginning of the month, the market cap for tether has risen by around 12 per cent. Among all the crypto coins, this coin had the lowest cryptocurrency movement. Nonetheless, since this coin is a prime stable coin, it occupies one place as for the volume exchange in 24 hours. Perhaps the growth isn’t the same as the others, but this coin has significant value because it’s hard to convert crypto to fiat without connection.Binance Coin:Binance is introduced on the website of its own Binance market. Binance coin is specifically designed to make it easier for Binance users to exchange with Binance coins. This coin was up around 88.9%.Last in the top ten list is Tezos.Tezos:Tezos is a crypto that supports various platforms such as a smart contract, a decentralized device. In this cryptocurrency, investors and traders find support for their money. This crypt displays tremendous growth along with other top-ranked cryptocurrencies. It’s almost $1.3 to $3.1, representing the growth rate of 138. This is the second coin after Bitcoin SV that demonstrates its price increase in the top-ranked cryptocurrencies.Okay, after calculating the growth rate of all top-ranked cryptocurrencies, it is estimated that the market cap will hit more than $300 billion in a matter of days. All the cryptocurrencies are coming up, and this is some kind of warning. If you’re not in crypto yet, it’s not too late. You can still buy crypto, and it will certainly benefit from your trading skills. The demand for cryptocurrencies really shows a reliable and stable growth that is a symbol of a growing market. Capital market of cryptocurrency — An estimated behaviour of the top-ranked coin’s in 2020 was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
How the way we live our lives could change with the application of this exciting new technologyContinue reading on The Capital »
By Mayowa Adegoke on The Capitalphoto credit: citymarkThe Fintech Roadmap Committee (FRC), a committee created by the Securities & Exchange Commission (SEC) to oversee the development of a regulatory framework for the fintech industry in Nigeria, released a report outlining major highlights in the fintech space as well as bottlenecks impeding the ability of the industry to soar higher than it currently does.Interestingly, while this report aptly titled “The Future of Fintech in Nigeria” fails to clearly state what the future of Fintech looks like in the most populated country in Africa, the bottlenecks the committee outlined to be facing the Fintech industry gives an idea of what the future of Fintech currently (and should, when necessaries are put in place) look like in Nigeria.BackgroundStarting with the numbers, as of 2018, the Hong Kong Trade Development Council (HKTDC) reported Nigeria’s Gross Domestic Product (GDP) to be $376.28bn with a GDP per capita of $1,994. WorldBank also published Nigeria’s population to be 195.9m people. Of this number, there are 115m people below the age of 35; 99.6m adult Nigerians; 36.8% eligible yet financially excluded inhabitants; more than 150m mobile phones; 162m mobile network lines in operation; an internet penetration of 47.9%; and 50m bank accounts. 82% of transactions in Nigeria are still done by physical cash, even though 68.9% of Nigerians have access to internet-enabled smartphones.In 2017, $115m was invested in tech companies in Nigeria. By 2018, that number shot up to $178m, with 58% of this sum going to fintech companies specifically. In 2011, an average of $5m was transacted monthly through mobile money services. As of 2016, this number was reported to be $142.8m a month on the average. Some time within this year 2020, the global fintech software space is projected to become a $45bn market with 7.1% compounded annual growth rate.These numbers show the enormous potentials of the Nigerian fintech industry, which is poised to take banking and flow of money generally in Nigeria to the next level.the trend of fintech investments in ChinaChallenges beleaguering Fintechs in NigeriaThis heading essentially points out why the fintech industry in Nigeria still lags behind its peers globally. The FRC report identifies the following challenges:1. Lack of clarity of regulations as well as effectively zero regulations for cryptocurrency in Nigeriaphoto credit: makemoney.ngFintechs often face difficulties in dealing with what licenses need to be obtained, where these licenses are to be obtained (SEC? CBN?), the duration of time it takes to obtain those licenses and the stifling regulatory environment generally.2. Lack of access to dataOn this, the FRC reports that regulations such as Nigerian Data Protection Regulations (NDPR) make it difficult for Fintechs to collect and mine data needed to supercharge their operations. I, however, disagree to tag this as one of the legitimate challenges Fintechs face in the country. It would be a great disservice to consumers — who all this is to ultimately benefit — where a company is allowed to collect, transfer & mine personal data willy-nilly and without proper security measures in place to avoid leakages of such data.3. Cybersecurity attacksDue to the volume of data Fintechs need to collect to optimise their operations for the benefit of users, Fintechs are vulnerable & high-profile targets for cybersecurity attacks and theft/leakage of sensitive user credit: memurlarThe implication of this is the increased expenditure Fintechs incur to keep users’ data secured. In the United Kingdom (UK) alone, about $5bn was spent on cybersecurity. In the United States (US), private companies are on track to spend nearly $1trn on cybersecurity in 2021.4. Lack of capital market stability due to overdependence on foreign capitalAs of December 2018, the amount of foreign capital in the Nigerian Capital Market (NCM) hovered around N100bn which is roughly the same amount of local capital in the NCM. This poses liquidity problems should there be a capital flight. More particularly, it is also a problem for Nigerian Fintechs who heavily depend on investments to scale.5. Lack of market confidence in FintechsAccording to Business Post, the top 5 banks in Nigeria employ more than 36,000 people and have annual revenues of over N2trn. The same cannot be said of Fintechs in the same country, Nigeria.This lack of cushion and the support banks get in the form of insurance by Nigeria Deposit Insurance Corporation (NDIC) makes it an upheaval task for Fintechs when trying to convince investors to invest in Digital Financial Service Providers (DFSPs) versus their physical counterparts.6. The overly conservative approach to investing in Nigeriaphoto credit: seeksafelyAccording to Sankore Research, 89% of retail investors prefer to invest in the form of Bank Deposits that could be withdrawn later. 32% prefer to invest in real estate. 19% in stocks and 10% in currency. Investment in Fintechs doesn’t even feature, no matter how slightly, as a preferred form of investment. This is due to the lack of financial literacy on the part of retail investors.Moving upscale to pension managers (who make up a significant base of the segment of investors that invest the most amount), the narrative largely remains the same for Fintechs. Nigerian pension managers are conservative investors, and thus prefer to invest more in government securities versus in companies for equity stakes. This is in sharp contrast with Namibia where pension managers invest more in equities than in government securities.the trend of fintech investments in the UK7. Lack of adequate collaborations between Fintechs and banksAs wide as this space is, many Fintechs still innovate in isolation. This is particularly problematic because the structure of regulations and capital base needed to provide an end-to-end Digital Financial Service makes it very tasking where there is little to no collaboration. And this lack of collaboration can be ultimately tied to the lack of incentives to collaborate.8. The high costs of running operations for FintechsAmong other expenditures, Fintechs expend heavy sums to generate electricity; build, run and maintain servers; transfer data to users of the internet; process & settle payments. To put it succinctly, this is not sustainable.9. Undeveloped local venture capital/growth funding structureCompared to startup hubs in places like San Francisco, Hong Kong, etc, in Nigeria, there is very low participation of local venture capitalists & angel investors in seed fundraising by Fintechs to acquire necessary licenses, scale operations, etc.There is also a dearth of platforms (like Kickstarter in the US) for funding of Fintechs via alternative means. As such, it doesn’t come as a surprise that the major Fintechs have had to heavily rely on foreign investors to raise requisite funds to run their businesses.the trend of fintech investments in Singapore10. A low number of major accelerators & incubatorsIn the early stages, Fintechs often need support to thrive in the ecosystem. And everywhere around the globe, Accelerators & Incubators are popular providers of this support mechanism. They often support in the form of provision of capital; office space; legal, marketing, and regulatory know-how; accounting & tax advisory; managerial guidance, etc.Unfortunately, in Nigeria, this support system isn’t well developed. There is still heavy reliance on foreign capital & support, even at the earliest stage of operations.Suggested solutions to the challenges identified1. A Fintech-friendly regulatory environmentFor one, regulators need to be transparent. There also needs to be consistent engagement with stakeholders in the Fintech industry before rolling out regulations. This is to ensure that there is adequate input from those who are to be affected by these credit: redwood logisticsThe FRC recommends that SEC works with other regulators to create a central committee that consists of all regulatory bodies saddled with the responsibilities of formulating policies for Fintechs. Thus, this committee should house a representative of the Central Bank of Nigeria (CBN) being the chief regulator for the payments and lending legs of Fintech; NAICOM being the chief regulator for insurtechs; SEC being the chief regulator for equity financing of Fintechs, etc.All regulators should also nudge players in the Fintech industry to use the regulatory sandbox built by the Nigeria Inter-Bank Settlement System (NIBSS) instead of each regulator building its regulatory sandbox for Fintechs under its purview.On cryptocurrency, it is recommended that SEC classifies cryptocurrencies as securities or commodities and not as a currency. SEC should further develop a framework for the regulation of Virtual Financial Asset Exchanges (VFAEs).On crowdfunding, SEC should regulate equity-based crowdfunding, while CBN regulates interested-based crowdfunding. Also, as it applies in ‘the blockchain island’, Malta, cryptocurrency tokens should be classified to be: (i) Payment tokens (ii) Asset tokens and (iii) Utility tokens.2. Investment in security and data minimisation practicesFintechs should embrace and embed best security practices into their product’s architecture from the ground up. This helps to minimise the likelihood of the existence of loopholes through which malicious actors can siphon user credit: plixerFintechs should also develop a ‘Sensitive Data Utilisation Map’ which documents how sensitive data flow in their systems and networks. This map should then be periodically assessed for possible systemic vulnerabilities using the ‘Vulnerability Assessments and Penetration Testing’ (VAPT) assessment mechanism.Collection of data should further be streamlined. Fintechs need to collect only data they need to be able to carry out a function for the user. The less the data collected, the less the ‘data load’ Fintechs have to deal with securing.3. Expansion of investment options for Fintechsphoto credIT: hunterbusinesslawFintechs need more options outside NCM to source for funds. Thus, as highlighted in Point 1, crowdfunding should be encouraged and not stifled as an investment option. FRC suggests that SEC creates appropriate licensing mechanisms for players in the crowdfunding ecosystem.SEC needs to establish a clear vision for its role as a regulator and promoter of Fintech. It should create “Speed Funds” which attract High Networth Individuals (HNIs) to invest in Fintechs. SEC should further shorten the timeline for registering with it, to encourage participation in the NCM. Listing requirements should, also, be Fintech-friendly, with a simplified procedure for raising capital.4. Increase in investors’ trust in & knowledge of FintechsFintech literacy is still very low among investors. FRC recommends that SEC takes on the task of educating the market about the opportunities and upsides available on investments in Fintechs.SEC is advised to further establish a Fintech office whose functions include: managing Fintech-investor relations, clarifying processes and procedures to new Fintech entrants, facilitating SEC-Fintech-Investor engagements & seminars, and coordinating the dissemination of investment opportunities in Fintechs.5. Increase in collaboration across boardRegulators are to create an environment that encourages collaboration between not just Fintechs and banks, but with Fintechs and even the regulators themselves.To start with, CBN should streamline the onboarding of users, such that users can use as simple as only BVN details to create accounts in Fintech products.National Pension Commission (PENCOM) should also smoothen the relationship between Pension Fund Managers (PFMs) and Fintechs to boost investments in Fintechs. There should also be increased knowledge sharing among players in all stakeholder industries.6. Upgrade in necessary infrastructureThe major pain point under this heading is electricity. The quality and quantity of electricity supply in the country need to drastically improve if we are to have a sustainable environment for Fintechs who rely a lot on this amenity to run their credit: nairametrics7. Mobilisation of local investors to invest in FintechTop investors in Nigeria still prefer to invest in oil, sugar, rice and a host of other old Millennium products. In countries like the US, China, technology is the biggest driver of several stock exchanges in these countries. Nigeria needs to replicate this. Incentives to invest in new Millennium products should be put in place and actively promoted to set the country up for a brighter future in the NCM.What is the future of fintech in Nigeria?photo credit: e-ziguratFrom the above review and analysis, in the event nothing changes, we are looking at a Fintech industry with a fairly bleak future. While entrepreneurs in this space keep pushing the envelope of what is possible, the stifling environment means the industry would be moving at a pace slower than that of top countries such as the US. The implication of this is a possibility of having in 2040 a Fintech industry that is stuck in 2025 infrastructures & regulatory environments.Where these changes (and many more changes correctly highlighted by other industry observers) are affected, it then wouldn’t be surprising for Nigeria to be a premier country for investment and development of Fintech products not just in Africa but in the globe as a whole.The question now is: Can we make these changes/advancements? Yes. Would it be tasking and require a whole lot of changes in mindset and approach? For sure. But overall, is it a change worth undertaking? The author affirms to this with a resounding ‘yes’.Mayowa Samuel Adegoke is a lawyer and chartered mediator with strong interests in technology, tech law, and revolutionary advancements generally. He can be reached via email at Capital Future Of Fintech In Nigeria: A Review Of The Report By The Fintech Roadmap Committee was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
By Crypto Browser on The CapitalBypassing Banks` Policies With The Use Of A Trastra Visa Card Allows Quick And Secure Cash Out Of Your FundsWithdrawing funds from crypto exchanges to bank accounts is sometimes a major obstacle for crypto traders and holders. After exchanging your digital assets on exchange platforms or when finalizing a trading session online, you may want to convert your crypto and keep your financial possessions in EUR.However, some European based banks will not allow you to cash-out your assets due to their internal policies. Crypto and blockchain-related websites, including trading platforms and exchanges, are often blacklisted by the banks. Moreover, if you have an account with such a bank, you are at risk of having your account disabled, and not having access to the services that your bank provides.There is a way of bypassing banks` policies through the use of a TRASTRA Visa card and quickly and securely cashing out your funds into Euro. TRASTRA Visa gives you access to an internal crypto wallet, and all financial operations, including sending, receiving, purchasing, and exchanging, are being enabled.The TRASTRA Visa card is currently available only to users based within the European Economic Area boundaries, and it supports five of the largest cryptocurrencies on the market — Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple.The New Way to Manage Your Crypto WalletTRASTRA Visa`s financial management tool is easy to use and takes seconds to complete whatever financial operation you may need to perform. By making a broad comparison between TRASTRA Visa and a regular Visa issued by a European bank, there may be features that the TRASTRA card is equipped with that outperform the traditional Visa cards.In case of losing your card, it takes several seconds to deactivate your TRASTRA card. This will prevent third parties from withdrawing funds from your account. If you find your card, it takes seconds to re-active it again and use it as usual for your daily financial operations.Push and email notifications will give you information on all account entries and transactions that were done through your account. By doing so, you can keep track of the inflow and outflow of all funds.Funds can be sent almost instantly to a TRASTRA Visa card, which is typically a time-consuming activity if this is to be done through a bank. Similar to what most of the modern Visa cards offer, TRASTRA`s card enables contactless payments to be made and can be done with the use of a smartphone or a smartwatch.Most banks fail to provide a flexible and comprehensive set of tools for their clients, who are crypto savvy and want quick and secure transactions in and out of their bank accounts. Missing the right moment for converting and cashing out your digital assets can not only come at the cost of losing fractions of your profit, but you can actually end up with lower value than what you had at the beginning.Eliminating the need to have an account with a bank, TRASTRA Visa provides convenient and very affordable ways for cashing out.The TRASTRA Visa card is issued by Contis Financial Services Ltd registered in Wales and England and authorized by the Financial Conduct Authority to process e-payments. The company is also a principal member of Visa Europe.Minimal FeesAccount registration, payment account creation, and the multi-crypto wallet activation are all free. The card costs €9 and delivery is free too. The time needed for your card to arrive is roughly about one week. Depositing or exchanging crypto to USD or EUR is also 100% free.Sending crypto to an internal wallet is free whilst sending it to an external wallet costs only 0.005ETH. You don’t pay anything to load the card. Cash withdrawals from ATMs cost €1.25, ATM PIN change costs €0.40, and internal card to card transfers cost €0.20.The maximum account balance is €5,000, while the daily spend limit is €1,300. The daily ATM withdrawal limit is currently capped at €300, and the daily POS transaction limit is €1,000.TRASTRA is among the very few crypto debit cards that offer a fast way of converting your digital assets into fiat currency. It provides many crypto users with a secure platform where they can exchange their cryptocurrency to EUR, send funds to external wallets, buy crypto, and much more. Visit TRASTRA today and start managing your digital assets on the go.The Capital Visa Debit Card Allows Crypto Deposits And Withdrawals was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
By XcelToken on The CapitalOne of the newest episodes of “The Simpsons” aired has just featured Jim Parsons of Big Bang Theory as a guest star to explain cryptocurrencies and how a blockchain works.In the song and dance predicts cryptocurrency to be the future money, the animated ledger states: “Each day I’m closer, to being the cash of the future. Not in your wallet, I’m in your computer!At the end of Jim’s talk, there is a subliminal message on the screen. It further explains how cryptocurrencies work, part of which says:“Using the word “cryptocurrency” repeatedly while defining cryptocurrency makes it seem like we have a novice’s understanding of cryptocurrency. Well, that is a total pile of cryptocurrency. In this system, rules are defined for the creation of additional units of cryptocurrency. They can be generated by fiat like traditional currency or just thrown around randomly or all given to LeBron.”The crypto community welcomed the episode. Altcoin Daily account has commented:“The Simpsons did it! Cryptocurrency explained to Lisa by the great Jim Parsons on #TheSimpsons! It’s the money of the future! Bullish!”Some comments to the tweet also pointed out that the Simpsons has a reputation for predicting the future over the years. Ten years ago it showcased Donald Trump as the president of the U.S. and more recently guessed the Game of Thrones series finale.The Capital Appears On The Popular TV Show: The Simpsons was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
On Sunday, developers of the project announced the start of private testing for the platform’s BCH assurance contracts and the team also revealed the first two funding projects. One of the first funding goals will be raising bitcoin cash for the nonprofit food charity Eatbch in Venezuela and South Sudan. Additionally, Flipstarter hopes to […] The post Flipstarter Reveals Eatbch and BCH Development Funding Goals – Blog Post Receives $2k in Tips appeared first on Bitcoin News .
The TRX price has successfully completed a double bottom, which is considered a bullish reversal pattern. As long as it stays above the $0.02 area which is now acting as support, we are expecting the price to continue moving upwards. Tron (TRX) Price Highlights TRX/USD Has successfully completed a double bottom. There is support & […] The post TRX’s Bullish Reversal Pattern Reaffirms the Bullish Trend appeared first on BeInCrypto.
The chairman and CEO of Berkshire Hathaway, Warren Buffett, has never been the biggest fan of cryptocurrencies, but, following his long-awaited $4.57 million lunch with TRON head Justin Sun, he has intimated that he may start up his own cryptocurrency. “I may start a war against currency, he told CNBC “Maybe I’ll create one [cryptocurrency] and say there are […] The post Warren Buffett Says He May Create a Cryptocurrency appeared first on BeInCrypto.
Crypto betting sites are not new in the industry. These have been around for some time that countries in the EU and some in Asia already have regulations for them. In the US, however, the legislation of such bookies remains in the grey area. What’s only clear is that sports betting is already federally legal while online gambling, in general, isn’t exactly illegal in the US. Currently, there are already 20 states that have signed sports betting into law. This includes the states of New Jersey, Rhode Island, New York, Illinois, and Tennessee.  The Federal Wire Act of 1961 has The post Sports Betting with Cryptocurrencies in the United States appeared first on The Merkle Hash.
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