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Transak Partners Visa Direct Streamline Crypto Conversions Fiat

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  • Transak partners with Visa Direct to simplify crypto conversion to fiat globally.

Transak, a Web3 payment platform, has announced a partnership with Visa Direct that aims to streamline crypto to fiat conversions. 

The integration leverages Visa’s vast network of 145 countries to provide a more seamless experience for crypto asset holders. 

It allows users to convert and withdraw their cryptocurrency holdings directly into their bank accounts. 

The growing interest in cryptocurrencies, but converting these assets into spendable cash remains a challenge for many.

However, global financial service providers’ adoption of cryptocurrencies has been expanding, easing access to crypto on and off ramps for even the non-crypto natives.  

See Alslo: Circle’s USDC Stablecoin Will Launch Natively On Celo Blockchain, Pay For Gas

Last August, online payment platform PayPal launched its own stablecoin, the PayPal USD, which has since surged past US$300 million in market capitalization, according to CoinGecko data.

Earlier this month, the US Securities and Exchange Commission (SEC) approved 11 spot Bitcoin exchange-traded fund applications, allowing traders in the world’s largest economy to invest in the cryptocurrency without directly holding the asset in self-managed wallets. 

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Press Release

IoTeX Price Beats Forecast for 2024, Algotech Stuns Market With $1.1 Million Raise

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IoTeX (IOTX) is a decentralized hub established in 2017 to promote open machine economics. Since then, it has expanded to service over 230 projects in industries like NFTs, Defi, DePin, Wallets, and GameFi.Its popularity has not dropped, lending credence to the notion that as long as potential remains, crypto traders may influence markets to surpass expectations and allow low-cap currencies to thrive, resulting in a massive potential return on investment.

 

IoTeX (IOTX) Surprises Investors By Outperforming Projections For 2024.

IoTeX(IOTX) had an exponential growth, as tracked by Coinmarketcap, of nearly 34% in just the last week and raised its unit price to $0.06 and a market cap of over 500 million it has been marinating a track record and continues to have the markets confidence.

Its total value locked on Defi exceeds $25 million, and it remains one of the best-performing low-cap currencies in 2024. It is on a positive trend and has a lot of upside for long-term investors.

IoTeX became the backbone for machine economics and still serves machines ranging from smart homes to autonomous vehicles. Its scalability earned it the favour of many investors and contributed to its growth till now.

Based on professional analysis. IoTex is not the only sector for investment; a new hope has developed in the form of Algotech (ALGT). It surprised everyone by generating more than $1 million through its Private Seed Sale. The TradFi platform secured this money in two days, and the funds are intended to help expedite development.

 

Algotech Is The Next Potential Breakout Opportunity

A unique AI-powered algorithmic trader that has startled the market with only its private seed sales. Algotech (ALGT) drew the attention of many investors due to the success of the private sale, but it garnered a large following when traders examined the various features it offers.

By combining machine learning with robust algorithms Algotech can provide real-time data analysis, which gives it access to cutting-edge features such as breakout detection and large-volume arbitrage.

It has gained popularity among traders because of some of its complex features, including mean reversion and hedging, which work together to give real-time data on market patterns, allowing many crypto fans to enjoy possible gains while minimizing losses.

Algotech (ALGT) follows a deflationary token concept, and with a limited token supply, scarcity will drive its growth. Currently available at $ 0.04 in its presale stage 1, it is expected to provide a 275% return for early investors. Many analysts anticipate it will hit $1 following the presales as the token supply decreases. As the project is still in its presale stage, early investors benefit from earning governance rights and can vote on critical proposals.

Algotech is leading the push in favour of AI traders in the crypto ecosystem, and many analysts predict it will continue on a strong, bullish trajectory. The project is backed by a strong community that is expected to grow as more attention shifts towards the AI blockchain sector.

 

Learn more:

Visit Algotech Presale

Join The Algotech Community



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Ethereum Price Prediction: Will ETH Hit $3.3K In February?

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Renowned crypto analyst Michaël van de Poppe has made a bullish price prediction for Ethereum, suggesting that ETH could soar beyond $3k in February.

Van de Poppe believes Ethereum is soaking up Bitcoin’s upward momentum as investment capital shifts to ETH. According to the analyst, this is a “massive period to be rotating from Bitcoin towards Ethereum.”

Van de Poppe’s forecast comes amidst Ethereum’s recent surge in price, which saw a 9% increase in seven days and 17.5% in one month. 

Ethereum-related cryptocurrencies have experienced notable gains as well, with MATIC and OP surging by 5% and 6%, respectively.

On Monday, ETH tapped $3K, its highest in nearly two years, signaling a bullish trend. 

The recent price surge could be attributed to the growing optimism surrounding the potential approval of a spot Ethereum ETF by the SEC, following the footsteps of Bitcoin.

Some experts, such as Tom Crown (CEO of Crown Analysis), believe the upswing could continue in the following days, predicting ETH’s surge to $3,300 before the end of February.

See Also:  Starknet Users Plunged 90% Amid Change In Airdrop Eligibility Requirements

Another person who outlined an optimistic scenario is Raoul Pal (co-founder and CEO of Real Vision). 

Earlier this month, he forecasted that ETH could rise to as high as $20,000 during the next bull cycle, while BTC could hit the astonishing $250,000.

The X (Twitter) user Altcoin Gordon was also quite bullish, setting a price tag of $11,250 to be reached by the end of the ongoing year.

However, Ethereum’s current market strength could be further bolstered by the upcoming Dencun upgrade, or a short-term peak of BTC, according to the analyst.

Ethereum Upgrades Could Boost ETH’s Price

The Dencun upgrade aims to address Ethereum’s limitations in transaction speed and cost. 

By implementing sharding —a concept involving breaking network data into smaller “shards”— the upgrade aims to increase the overall computation throughput on the Ethereum network, making it more competitive with faster networks like Solana.

Vitalik Buterin underscored the Dencun upgrade as a significant development for Ethereum and its accompanying Layer-2s.

According to Buterin, Dencun is a big step towards making Ethereum more “rollup-friendly” while enhancing scalability and reducing costs on transactions.

Besides the Dencun upgrade, the integration of Verkle trees on the Ethereum blockchain is expected to streamline Ethereum nodes’ storage needs while maintaining their block validation capabilities, enhancing efficiency and decentralization within the network

Meanwhile, another factor that could increase Ethereum’s price is the approval of a spot in the ETH ETF by the US Securities and Exchange Commission.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN





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eBay Reportedly Laid Off Staff From NFT Marketplace KnownOrigin

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E-commerce giant eBay is said to have cut 30% of staff at NFT marketplace KnownOrigin.

As the NFT frenzy has cooled off, those who jumped on the bandwagon are now dealing with the consequences. 

Ebay has reportedly fired staff at KnownOrigin, an NFT marketplace it acquired in 2022, NFTGators has learned, citing people close to the matter.

According to the sources, eBay has fired its business and strategy officer Stefanie (Stef) Jay, who was appointed for the role in May 2021. 

KnownOrigin co-founder David Moore has reportedly also “been made redundant. 

See Also: Shiba Inu Team Alerted Its Community On Upcoming SHEboshis NFT Launch

With the latest move, eBay has halted all plans for digital art as “many within the company are unhappy, blaming the lack of leadership and strategy for the layoffs,” the source added.

In what seems to be an internal communication that was disclosed in the report, Moore expressed that witnessing the extent of layoffs within the team “was brutal.” 

eBay

 

As of press time, eBay made no public announcements on the matter.

The e-commerce giant acquired KnownOrigin in July 2022 for an undisclosed price. At the time, eBay said the acquisition was an “important step” in its “tech-led reimagination.” 

A few months after buying KnownOrigin, eBay acquired another marketplace for collectible card game enthusiasts called TCGplayer for nearly $300 million.

#Binance #WRITE2EARN



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