Category: Bitcoin Wallet

Categories
Bitcoin Bitcoin Wallet Cryptocurrency news

Coinbase Wallet Launches Global Money Transfers with Link-Based Payments

Coinbase has introduced a new feature to its wallet service, streamlining international fund transfers. This new update aims to make transferring funds as easy as sending a text message.

Coinbase Introduces Link-Based Money Transfer Service

Coinbase (Nasdaq: COIN) has launched its latest wallet feature that facilitates global fund transfers. The platform now allows users to transfer money through multiple channels, including widely used messaging and social media apps, by simply sharing a link.

Announced on Tuesday, Coinbase explained that this feature avoids the need for complex banking details and costly electronic transactions, offering free, immediate settlements. The update includes compatibility with various social networks and messaging applications such as Whatsapp, Instagram, Tiktok, Facebook, Telegram, Snapchat and also via email.

Basically, the service works on any platform capable of sharing a link. Coinbase clarified that if the recipient does not claim the funds within two weeks, it will automatically revert them back to the sender. Coinbase’s new payment method is similar to those offered by large payment companies such as Paypal and Stripe.

Paypal facilitates link-based transactions through a service called Paypal.me. In this service, people can generate a personalized link to request payments directly to their Paypal account. The Paypal feature can be used for cryptographic payments associated with the selected digital assets it supports.

Aimed at both novice and experienced users, Coinbase has also implemented a “simple mode” in its non-custodial wallet. This feature focuses on basic functionalities such as buying, sending, receiving, and protecting digital currencies.

Categories
Bitcoin Wallet Cryptocurrency news

Coinbase launches crypto transfers via links sent on WhatsApp and Telegram

Recipients must download a Coinbase wallet to receive the funds, but the exchange says it has simplified the process for less tech-savvy users.

A new Coinbase Wallet feature allows the transfer of cryptocurrency through a link that can be sent through some of the most popular social media sites and messaging apps, as the cryptocurrency exchange looks to make its service accessible to a broader market.

“Users can now send money on any platform where they can share a link,” Coinbase said in December.

There is no payment fee when sending USD Coin (USDC), a US security.

   Send money anywhere you can send a link.

   Easily. Free.

   ⤷ https://t.co/CKyLu1wYEw pic.twitter.com/XX9YaZZEPm
   – Coinbase Wallet ️ (@CoinbaseWallet) December 5, 2023

Clicking the link will take the recipient to their device’s app store to download Coinbase Wallet, if they haven’t already, where they can create a wallet with a single click, Coinbase noted.

If funds are not claimed within two weeks, they will be returned to the sender.

Coinbase has also created a “simple mode” for its wallet to help new and less tech-savvy users, which only displays basic functions such as buying, sending, receiving, and viewing assets.
​

​

​

Categories
Bitcoin Wallet Cryptocurrency news

Trust Wallet and Alchemy Pay Partner for Seamless Crypto Solutions

PRESS RELEASE. Alchemy Pay, a leading provider of fiat and crypto payments solutions, announced a new partnership with Trust Wallet, the leading self-custody and multi-chain wallet with over 70 million users, allowing users to easily buy and sell cryptocurrencies with multiple payments fiduciaries within Trust Wallet. directly.

The integration allows users to have more inbound and outbound solutions, accelerating web3 adoption and lowering the barrier to entry for retail users. Trust Wallet users can now easily convert between cryptocurrency and fiat using multiple local and international payment methods, with over 30 fiat currencies and 10 million cryptocurrencies on over 100 supported blockchains.

“Alchemy Pay is very proud to partner with Trust Wallet, a leading crypto wallet, to provide comprehensive inbound and outbound support to a global community of users. Our unwavering commitment is to facilitate a seamless, compliant and secure user onboarding process on both the fiat on-ramp and crypto off-ramp,” said Robert McCracken, Alchemy Pay Ecosystem Lead.

Nate Zou, Product Lead at Trust Wallet, stated: “We are excited to offer more fiat solutions to our users working with Alchemy Pay, making cryptocurrencies more accessible than ever. “This opens up new purchasing options for our global user base and introduces lower fees and more convenient payment methods, while maintaining full ownership of your assets.”

Alchemy Pay specializes in providing solutions that enable Web3 and cryptocurrency services to access fiat payment options, thereby improving their accessibility to a broader audience. Leveraging its extensive network of global remittance companies and acquirers, Alchemy Pay currently supports impressive coverage of over 300 fiat payment channels spanning 173 countries.

Alchemy Pay’s main focus and advantageous areas are in emerging markets such as Southeast Asia and Latin America. In particular, it has successfully integrated with widely used local e-wallets such as GCash (with 60 million users) and Maya (50 million users) in the Philippines, OVO (92 million users) and Dana (115 million users) in Indonesia, Touch ‘n Go in Malaysia (17.8 million users), Pix in Brazil (116 million users) and others.

In its quest to expand its service portfolio, improve transaction success rates, and optimize operational efficiency, Alchemy Pay is actively seeking licenses in several countries and regions, including the United States, Canada, Indonesia, and Lithuania. Over the past three months, Alchemy Pay has scored a series of victories by securing money transmission licenses in Arkansas and Iowa to demonstrate its capabilities. Additionally, it has future plans to achieve regulatory compliance in Hong Kong, the United Kingdom and the United States. Alchemy Pay is also currently the official payment services provider for Visa and Mastercard, ensuring secure and compliant processes for inbound and outbound transactions.

About Alquimia Pay

Founded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects cryptocurrencies with traditional fiat currencies for businesses, developers, and end users. With its On & Off-Ramp solution, NFT Checkout, Crypto Card and Crypto Payments, Alchemy Pay supports payments in 173 countries.

Rampa is a complete solution for buying and selling cryptocurrencies and fiat currency, easily integrated into platforms and dApps as per requirements. NFT Checkout allows direct NFT purchases using fiat payment methods. The Crypto Card solution enables businesses and token issuers to provide users with branded physical and virtual cards for instant global spending. ACH is the token of the Alchemy Pay network on the Ethereum blockchain.
​
​
​
​
​
​

Categories
Bitcoin Bitcoin Wallet Cryptocurrency Investment Cryptocurrency news

ProShares Futures Bitcoin ETF Hits ATH on Spot ETF Hype

Amid growing anticipation and excitement surrounding the Bitcoin spot ETF, the ProShares ‘BITO’ BTC Future ETF has reached a new all-time high (ATH).

ProShares Futures BTC ETF performs well

According to a post on X by Bloomberg ETF analyst James Seyffart, ProShares’ BITO is approaching $1.5 billion in total value locked (TVL). This comes just two weeks after Eric Balchunas acknowledged that the product works extremely well. Balchunas highlighted that the ProShares Bitcoin Futures ETF doubled in value in 30 days.

At the time, the popular analyst attributed the rise in value to industry-wide anticipation for the immediate approval of the Bitcoin ETF by the US SEC. A user X pointed out the irony in the relationship between the ProShares Bitcoin Futures ETF and potential BTC spot ETFs.

Once the SEC approves the Bitcoin spot ETF, it will certainly replace products like the ProShares BTC Futures ETF. Spot ETFs allow investors to legally trade the price of BTC without owning a Bitcoin address or privacy keys. This is different from futures, which only mimic the spot price of Bitcoin and offer exposure to the price movements of Bitcoin futures contracts.

Bitcoin ETF approval odds remain at 90%

Optimism regarding the agency’s positive decision continues and has even intensified in recent days. Experts still express optimism about the possibility of a timely approval of the Bitcoin ETF. Balchunas reiterated his earlier prediction that SEC approval is a matter of time.

He boldly stated that the chances of approval remain at 90%, as previously speculated.

The SEC just delayed Franklin Templeton and Hashdex’s Bitcoin ETF applications due to the premise that “the rules of a national securities exchange must be ‘designed to prevent fraudulent and manipulative acts and practices’ and ‘to protect investors and the public interest’. “

In connection with the delay, the SEC is now seeking public comment on whether Templeton’s application should be approved or disapproved. As the SEC provided the update to Franklin Templeton’s application ahead of the January 1, 2024 deadline, it suggests that the regulator may be streamlining all BTC spot ETF applications for mass approval in January.

Categories
Bitcoin Bitcoin Wallet cryptocurrency exchange Cryptocurrency news

eToro Bags License to Operate in the United Arab Emirates

Global trading and investment platform eToro has announced the receipt of its latest license from the United Arab Emirates.

eToro license marks an important milestone

eToro has received approval to operate under the Financial Services Permit (FSP) from the international financial center in the capital of the United Arab Emirates, the Abu Dhabi Financial Markets Authority (ADGM). The license was specifically issued by the ADGM Financial Services Regulatory Authority. Possession of this license gives the social investment platform the legal right to offer its services in the region.

Notably, this new license from eToro authorizes the platform to operate as a securities, derivatives and cryptoassets broker in the United Arab Emirates. The company recognizes the latest addition as a milestone in its journey toward global expansion.

The United Arab Emirates becomes a crypto paradise

eToro also plans to help UAE residents increase their wealth by providing them with an avenue to gain financial knowledge, especially when it comes to cryptocurrencies. On the other hand, ADGM is confident that eToro’s UAE license, which gives the company access to ADGM’s dynamic ecosystem and progressive regulations, will help drive the platform’s vision.

It is important to note that the crypto atmosphere in the UAE has become conducive for many crypto companies, especially those seeking solace outside the United States. Regions like Dubai and Abu Dhabi have become safe havens for crypto companies facing challenges with US authorities due to the clear regulatory framework available.

In May, the UAE Central Bank published new AML guidelines for financial institutions dealing with cryptocurrencies and NFTs. A few months later, Binance, a leading digital asset services provider, became the first cryptocurrency exchange to receive the Minimum Operating Viable Product license in Dubai, proof that the region’s regulatory push is working.
​

​