Tag Archive : support

BitPay Adds Support for BUSD Stablecoin to Launch Merchant Support

Crypto payments firm BitPay is adding support of Binance’s stablecoin BUSD, in order to enhance its crypto payment options. BitPay users will now be able to accept BUSD as a payment method. They will be able to buy BUSD on Binance or any other platform where the coin is listed. The BitPay wallet now has more than 2 million users. 

The firm will also be launching its merchant support this week, after which users will be able to execute cross border payments using BUSD. Furthermore, it will also process all transactions related to the Binance Charity Foundation. 

Stephen Pair, CEO of BitPay commented, “The partnership with Binance is about more than supporting another stablecoin, it is about making cross border payments simple and easy for both businesses by leveraging the global influence of Binance Exchange. With BUSD, BitPay expands blockchain payment choices for all our customers across the global payments space who want the flexibility of paying on the blockchain with the stability of the US dollar.”

BitPay already supports the following coins – Coinbase’s USD Coin (USDC), the Gemini Dollar (GUSD), the Paxos Standard token (PAX) Prior, Bitcoin, Bitcoin Cash, and Ethereum. 

Commenting about the collaboration, Binance CEO Changpendg Zhao said, “We are honored to partner with BitPay, one of the earliest and most reputable crypto payment service providers in our industry. Stablecoin is the forerunner of blockchain-powered payments by its nature.

Partnering with BitPay will enable merchants and businesses from around the world to accept BUSD, the USD-denominated stablecoin approved by the New York State Department of Financial Services (NYDFS). We believe a growing number of merchants and businesses will start adopting crypto, and we are glad to provide the payment solution together with BitPay, making the process simpler and easier.”

Japanese Crypto Exchange bitFlyer to Add Support for BAT tokens

After adding support for XRP last year, Japanese cryptocurrency exchange bitFlyer will soon have Brave Browser’s BAT tokens available for trading. 

One of the largest cryptocurrency exchanges in Japan, bitFlyer is soon adding support for Brave Browser’s BAT token. The news was confirmed by bitFlyer through a press release. BAT has recently gained trading approval from the FSA. This is the first time in four months that bitFlyer is bringing in some token for trading support. It added support for XRP in December 2019. 

About bitFlyer

bitFlyer was originally established in 2014, and today it is the largest crypto exchange in Japan in terms of the trading volume. It claims to offer top-notch security standards for virtual currency trading and is the only certified virtual currency exchange company in as many as three regions – Japan, Europe, and the US. 

Brave Browser and its Growing Popularity Amid the COVID-19 Pandemic

The Brave browser first came into prominence when it sold $35 million BAT tokens in just under 1 minute in its 2017 ICO. In 2018, mobile manufacturing giant HTC made Brave browser the default browser in its blockchain phone Exodus.

Recently, BAT tokens were made available for trading in the Gemini exchange. So, Brave has had quite a good run ever since is 2017 ICO. 

However, what is striking, is the fact that Brave has increased its number of active users amid the COVID-19 pandemic. It is being speculated that Brave’s enhanced focus on user privacy is one of the prime reasons for its success.

Brave has positioned itself as a privacy-oriented rival Google Chrome. Interestingly, it has nearly doubled its user base from 2018 to 2019. 

Owing to the partnerships with Gemini and now bitFlyer, it would be interesting to note Brave’s progress in the near future. 

 

Kambi to defer executive salaries and apply for government support

Kambi has announced a series of cost-cutting measures and will apply for financial support packages from the Swedish and UK governments.

Despite the coronavirus pandemic bringing major sport to a halt, Kambi has announced “strong” Q1 revenue expected to be in the range of €27.5-28.0m ($29-30m), with its cash balance at the end of the quarter in the range of €45-47m.

In the last week, however, the sports betting supplier says revenue has been as low as 25-30% of Q4 2019 levels.

Based on the measures Kambi plans to implement, operating expenditure in Q2 2020 will be 10-20% lower than Q4, with “associated savings in capitalised development costs” of 20-30%.

The measures put in place, along with certain by-products of the current situation, include:

  • Applying for financial support packages designed to protect jobs, recently announced by Swedish and UK governments
  • Kambi board members, its CEO and executive management have agreed to salary deferrals of 20%, 15% and 10% respectively
  • Significantly reduced travel and marketing costs
  • A freeze on staff recruitment and a substantial reduction in data costs associated with fewer sporting events

Kambi, though, did warn the “unlikely event” of the sporting calendar remaining this inactive would create an average quarterly cash outflow of between €7m-€9m after Q2.

Gemini Exchange Adds Support for Brave Browser’s BAT Tokens

As per the recent reports, open-source pay-to-surf browser, Brave is all set to introduce brand new trading options for its users. Brave’s Basic Attention Token (BAT Token) will be up for trading on the Gemini exchange soon.

According to the blog post, users will be able to deposit BAT into their Gemini accounts from April 24th at 9:30 AM EST and will be able to start trading soon after that. As of now, Gemini has not announced any official date when users can start trading BAT. 

Till now, five cryptocurrencies were available for trading on the Gemini Exchange – Bitcoin, Ether, Bitcoin Cash, Litecoin, and Zcash. BAT is the sixth one to enter the pool and will have trading pairs with  USD, BTC, and ETH. Gemini confirmed that these trading pairs will be relevant to both continuous order books and automated block trading systems.

Explaining about user earnings through Brave, Gemini detailed on its blog post mentioning, “Brave blocks unsolicited ads and tracking by default and rewards users with BAT payments when they opt-in to view ads. Users can then directly or indirectly contribute BAT to the sites they visit while enjoying a faster, more secure browsing experience, all of which is accomplished without revealing a user’s browsing history or preferences.”

Brave Browser Experiencing Increased Traffic Even Amid COVID-19 Pandemic

In a scenario where the world is shattered by the COVID-19 fears, Brave has experienced an exponential rise in its number of users. As per a statement by Brave’s Head of Marketing Des Martin, more than one million new users logged into Brave in the month of March. 

Brave is often deemed as Google’s rival in the crypto space in terms of user privacy.

It is being speculated that Brave’s success is mostly because of its enhanced focus on user privacy. In its 2017 ICO, Brave raised $35 million in just under a minute. Since then, it has been pretty successful and had doubled its user base from 2018 to 2019.  

National Lottery to donate £300m in coronavirus support

The National Lottery will donate £300m ($371.8m) towards the protection of vulnerable people amid the COVID-19 pandemic.

The funds will be distributed over the next six months with the aim of supporting people throughout the crisis.

This will include funding for activities geared to support communities and assisting organisations overcome any liquidity issues.

Camelot, the company that owns The National Lottery, has described the donation as “the biggest non-governmental contribution to the efforts in local communities to combat the coronavirus.”

Neil Railton, CEO of Camelot, said: “Week in week out, National Lottery players make a huge difference to the lives of people and communities across the UK. Just by buying a ticket, players in every nation have helped raise over £40bn for good cause projects, from supporting our athletes to repairing scout huts.

“Now, more than ever, The National Lottery can play a critical role in supporting our communities as we all face this challenge together. Up to £300m raised by National Lottery players will be helping to fund vital work in local communities at a time when it’s needed the most.”