London, United Kingdom, 2nd November, 2022, ChainwireBridge Network recently announced its new product in the world of multichain payments; Bridge Pay. The news showcased a world's first multichain debit card solution for Web3 users. The aim is to tackle the lack of off-ramps that millions of Web3 users experience on a daily basis due to their underserved geographical regions.
As consumer adoption rates increase for crypto, many of these regions are falling further behind with a lack of solutions that are readily available at their fingertips. Bridge Pay's entry to the market comes at no better time, and is positioned to be a leading solution through its accessibility in over 150 countries, allowing users the necessary flexibility to bring their crypto assets into the real world.
Since its inception, Bridge Pay has already garnered over 10,000 signups while completely filling its private beta testing group in a few days.
"For a long time, sophisticated crypto off-ramps only existed to serve highly developed regions, shutting out a large portion of the user base. As a fellow crypto user from the Caribbean, Bridge Pay formed from my own personal struggles. Since unveiling this to the world, the reception has made it clear how critical this piece of infrastructure is needed. A freelance designer residing in Barbados can be paid in USDC and have the flexibility to use this USDC in the real world. By leveraging the power of defi alongside the payments rails in cefi, we’re on a mission to bridge the gap and bring accessibility for users across the world" says Kimberly Adams, Co-founder of Bridge Network.
Bridge Pay provides its users the ability to utilize their assets from over 20 blockchains and have these funds readily available in a prepaid debit card which will simplify the complexities of payments across DeFi.
About Bridge Network
Bridge network is a trustless ecosystem of cross-chain applications powering seamless transactions across various blockchains in the world of DeFi. Bridge allows users to transfer native tokens & NFTs cross-chain, manage assets, trade, earn & access opportunities in the multichain-verse from one easy-to-use platform.
Bridge Network introduces a unified experience to the multichain world with a scalable, secure and robust infrastructure to simplify the complexities behind moving cross-chain and transacting in DeFi.
For more information, visit the Bridge Network website.ContactFavour UzoaruBridge [email protected]
The crypto juggernaut Ripple shifted 700 million XRP to escrow 14 hours ago, according to the most current tweets of the Whale Alert blockchain network, which analyzes significant cryptocurrency transactions. Ripple Gets 300 Million XRP from Anon Wallet, Locks 700 Million in Escrow This resembles what Ripple used to do each month after releasing $1 […]
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BTC/USD Seeks More Upside: Sally Ho’s Technical Analysis – 3 November 2022
Bitcoin (BTC/USD) remained poised to add to October’s monthly gains early in the Asian session as the pair eyed possible appreciation above the 21080 area, a recent high that represented a test of the 61.8% retracement of the depreciating range from 22800 to 18131. This move opened up possible tests of additional related retracement areas around the 21698 and 21800 levels. Traders continue to monitor price activity around the 20836.92 area, representing the 38.2% retracement of the broader depreciating range from 25214.57 to 18131. Additional retracement levels in this depreciating range include the 21672, 22508, 23542, and 23698 areas. Following recent upward progress, buying pressure and areas of technical support are expected around the 20509, 20055, 19600, and 18954 areas, with Stops likely below.
BTC/USD bears observe larger Stops accumulating below the 17803, 17701, 16966, and 16503 areas, significant technical levels related to historical upside pressure around the 3858 and 9819 levels. Additional significant technical areas on the downside include the 16990.14, 14500.15, and 10432.73 areas. Stops are accumulating below the 19711 and 19355 areas. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 19978.53 and the 50-bar MA (Hourly) at 20588.77.
Technical Support is expected around 16990.14/ 14500.15/ 10432.73 with Stops expected below.
Technical Resistance is expected around 25256.96/ 27455.20/ 32383.96 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
As more developments take shape within the blockchain industry, we see more cross-chain access for various digital assets. For consumers, this means being able to access the assets that they prefer via very convenient channels. One of the latest of these comes from Cornucopias, which previously, Cornucopias had deployed its native contract on Ethereum to the BNB chain a few months ago using ChainPort and is now doing the same from Ethereum to Cardano.
With this development, those who use its native COPI token can move it across the three blockchains with ease.
Cornucopias Offering More Flexibility
ChainPort, on its part, has been working towards creating more market access to the Cardano chain and just completed onboarding of support for the chain. Acting as a cross-chain bridge, ChainPort is working towards creating more transaction speed and security within the industry and is collaborating with forward-thinking projects to do so.
Cornucopias has proven to be one of these as it is one of the first blockchain projects to offer Cardano assets transfer using ChainPort. This is very significant because Cardano is one of the biggest blockchains on the planet, going toe-to-toe with the likes of Ethereum and being especially popular among blockchain gaming fans.
Given how popular blockchain gaming itself is and all the potential that this burgeoning sector has, the ability to move Cardano assets with ease will certainly be welcome. Currently, Cornucopias’ gaming ecosystem offers play-and-earn, build-and-earn, and learn-and-earn features. With this new development with ChainPort, the project plans to expand on its interoperability and welcome even more users.
“We chose Cardano as our foundational blockchain for more reasons than we can list here, but security and scalability are paramount. Similarly, we’ve selected ChainPort as our bridge of choice due to ChainPort’s emphasis on security. At Cornucopias, our players and token holders come first, so choosing the most secure option came naturally." said Josh Jones, Cornucopias' Co-CEO.
The Need for Interoperability
As most of us know, the blockchain sector is filled with different networks and each has its advantages which trickle down to the assets that are based on them. By being able to move assets from one chain to another, consumers can enjoy the benefits of multiple chains at the same time. This also applies especially to blockchain-based ecosystems. Take Cornucopias’ “The Island” game which allows users to own virtual ‘land’ and also profit from it while engaging with a digital universe. By offering cross-chain interoperability, Cardano assets can be used within the Island and still transferred to the Ethereum Chain and vice versa.
And this applies not only to the players themselves but also to game developers.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Cardano has taken its place among the top three networks for Non-Fungible Tokens (NFTs) but falling total volume locked (TVL) volumes threaten to steal its shine.
The Federal Reserve’s aggressive monetary policy continued today—and Bitcoin did what it usually does, following other risk assets.
LBank Labs, a crypto investment group, has just added Czhang to their investment committee. In light of LBank Labs’ track record of investment success, the company is eager to bring on new talent and expand its team. Czhang has worked in the investment sectors of technological innovation since 2017. The Blockchain project at PreAngel Fund […]
London-based startup Revolut has gone from crypto providing up to 30% of its revenue stream in 2021, to less than 5% in the current crypto winter.
Crypto investment continues
Revolut’s founder and CEO Nikolay Storonsky said that he was sad to see that his company’s crypto revenue stream had almost dried up. It is now less than 5% of all revenues but Storonsky said that his company still wanted to invest in crypto given that it has “a lot of potential for financial systems”.
Storonsky’s words were quoted in a Bloomberg article earlier where he stated “We continue to invest in crypto”. Revolut has improved its cryptocurrency services for customers, and according to its CEO it is getting closer to receiving a banking licence in the UK after years of waiting.
The digital bank founder said that in spite of the crypto downturn his company would not necessarily cut costs in order to cope with the economic downturn. He said that Revolut is still making a gross profit.
Bitcoin price action following FOMC meeting
At the time of going to press Bitcoin is suffering some huge volatility. The FOMC meeting has just taken place and the expected 75 basis point rise has been announced.
In just the last hour the number one cryptocurrency has been down to $20,100, and has also risen to test $20,800. Where the market goes over the rest of the week is anyone’s guess.
Revolut will be hoping that the impetus is upwards given that this is the only way that retail investors will return to the platform. Should it be more downwards price action then it may be some months before interest in crypto returns.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Hashflow’s native token, HFT(HFT/USDT), will be listed on MEXC Global and Binance on November 7 at 13:00 (UTC), allowing for trading on the two platforms. Furthermore, MEXC has begun an HFT deposit competition with a total prize pool of 5,000MX. Hashflow (HFT) is a distributed exchange that allows for interactions between different blockchains. It can […]
Ankr Staking, one of Ankr's flagship products, now supports Coinbase Wallet. With Ankr Staking, users can use Coinbase Wallet's browser extension and dApp browser to stake and earn cryptocurrency. Currently, Ankr Staking upports nine cryptocurrencies, including ANKR, mGNO, ETH, BNB, AVAX, MATIC, and FTM.
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