Friday, April 30. The week is coming to an end, so we can talk about the most interesting news in the crypto industry for this week.
Visa will add payments in USDC
Visa’s global payment system in partnership with cryptocurrency service Crypto.com launched a pilot program to introduce settlements in a stable USDC coin. from the Centre community. This was stated in the company’s press release.
Everything happens on Ethereum blockchain. The Visa Representative Office notes that this will eliminate the need to convert a digital asset to a physical currency to execute a transaction. Visa also cooperates with Anchorage, an investor-oriented crypto bank. We remind you that Visa already intends to start working with virtual currencies. Alfred Kelly’s CEO said that Visa has «very good opportunities» in the digital assets industry, during the teleconference.
In March of this year, Alfred gave a detailed account of the company’s crypto-strategy, while highlighting several main directions. At the same time, the head of the company reported that they were already working with 35 players from the digital currency industry.
TIME: Coinbase and DCG in the 100 most influential companies
A popular magazine from the United States, TIME created a list of 100 most influential and popular companies. Coinbase and the Digital Currency Group were added to the list by the crypto industry.
Along with Coinbase, PayPal, Amazon, Google, Facebook, Disney, Alibaba, Microsoft, and Samsung all entered the chart.
At the end of 2019, TIME included Coinbase chapter Brian Armstrong in the rating of «rising stars». In April 2021, Crypto debuted at Nasdaq in the largest direct listing in history.
In March of that year, TIME Magazine sold three of its covers in NFT token format for 241 ETH.
Tesla earned $272 million from the sale of BTC
Tesla made a $272 million profit by selling a portion of the asset in the main cryptocurrency. That was in the 2021 quarter report.
In February, the company invested $1.5 billion in Bitcoin. Director of Finance Zach Kirkhorn said it was a good cash position. According to him, Tesla manages the liquidity of the main cryptocurrency market and will continue to accumulate digital assets from the sale of electric cars for bitcoin.
According to the head of the company Elon Musk, the manufacturer of electric cars sold 10% of its bitcoins to test the liquidity of the market.
Initially, Elon called Tesla’s investment in the digital currency “quite risky” and hinted that this decision was not made by him. According to analysts, the unrealized profit of Tesla from investments in cryptocurrency was higher than from the sale of electric cars for 2020.
In March, Elon Musk said that he was starting to sell his electric cars for the first cryptocurrency.
Ethereum Co-founder Donates 100 ETH to COVID-19 Fund
In India, since the beginning of April, the number has only been rising. By the end of the month, the number was close to 350,000. India is considered a consumer country that actively buys goods and products from other countries. There are enough people in India, and if the spread progresses, it won’t take long for the coronavirus to leave the country.
Ethereum co-founder Vitalik Buterin became interested in the situation and donated over $600,000 to the Indian Coronavirus Pandemic Fund.
Inspired by Buterin’s actions, former Coinbase Technical Director Balaji Srinivasan decided to join. He donated 21.7463 ETH (at the time of writing
That’s about $55,000).
Let us recall that in March, Vitalik Buterin stated that non-repairable tokens could be used in charitable and public goods financing.