EddieJayonCrypto
7 Apr 22
• There are bankrupt Central Banks and failing economies that would be best served by crypto• Coinbase launches a new crypto debit card with rotating rewards and benefits• Worldpay and Checkout.com acknowledge an increased interest in crypto for ecommerce• Bitcoin and Ethereum transaction fees have ...
• There are bankrupt Central Banks and failing economies that would be best served by crypto• Coinbase launches a new crypto debit card with rotating rewards and benefits• Worldpay and Checkout.com acknowledge an increased interest in crypto for ecommerce• Bitcoin and Ethereum transaction fees have been dropping and that makes it hard for other protocols to brag about being cheaper• CashApp announces "get paid in crypto" at Bitcoin 2022 conferenceThere are a lot of far-reaching tidbits out there and they are painting a very colorful picture. Here's what's on my mind today.1. Well, Peter Theil, of PayPal and Palantir fame, was at the Bitcoin 2022 conference and was on fire naming bankrupt Central Banks. Also naming some states that are not doing well at all. Lebanon's Deputy Prime Minister said they are bankrupt. I have noted some countries around the world that are not doing so well, including Turkey, Argentina, and Venezuela. They have all been hit with either inflation or hyperinflation. Peter is of the belief that "Bitcoin is the most honest market in the world". I am not as knowledgeable as he is, but I do know that a bunch of countries are embracing it for a couple of reasons. 2. Coinbase has launched a new debit card amid ever-increasing competition among the exchanges. Binance has one, too. With their launch, Coinbase is promising more rewards for their cards and even no transaction fees for certain things. They are introducing a rotating rewards program with expiration dates. People will even be able to earn up to 4% back on every purchase with various cryptocurrencies. 3. There is an increased demand in ecommerce for crypto and stablecoins. This has been acknowledged by Checkout.com and Worldpay. Even my web hosting company, Rebel Reach has received enough requests that we are about to launch crypto integration within the next couple of months. This is going to open the world to new possibilities as well as have an almost profound increase in global adoption as more businesses accept digital assets as payment and more people use it, companies issuing crypto debit cards are counting on it. 4. Bitcoin and Ethereum transaction fees have been dropping and that makes it hard for other protocols to brag about being cheaper. The average gas fee on the Ethereum is less than $6, for example. Meanwhile, Bitcoin fees are at all-time lows. 5. After experiencing a major hack, CashApp announced several Bitcoin integrations today, including the ability to "get paid in Bitcoin". This is a big step for the popular app. In a hat tip to the CashApp team, Kathie Wood called them out as being the best in their space. So much so she has dropped her PayPal holdings and revealed CashApp is the 6th largest holding in her portfolio.