Towerbank has declared itself crypto friendly, making it easier for bitcoiners and cryptocurrency holders to make transfers and other financial operations from their bank accounts, without the risk of blockages or setbacks. This and more noticias este Practic dary for Sae stés Informed con
Bitcoin and Blockchain Adoption
📍The Towerbank, in Panama, has welcomed bitcoiners and the crypto community. One of the most important commercial banks in Panama, the Towerbank, has declared itself friendly with Bitcoin and cryptocurrencies. From its Twitter account, the commercial bank has welcomed the cryptocurrency community, inviting bitcoiners and cryptocurrency investors to carry out financial and commercial operations from the entity.
Gabriel Campa, vice president of product at Towerbank, said through a meetup that cryptocurrency owners can now open accounts with the bank to carry out financial operations to or from crypto exchanges without fear of blocks or limitations. Although the bank is not offering services based on cryptocurrencies directly, it is opening the door to the crypto community to operate with their digital assets in the entity, without obstacles or setbacks.
On Twitter, Cristobal Pereira, co-founder and CEO of LatAmTech Finance, commented after the announcement, that Towerbank has become the first commercial bank in Panama and Latin America to publicly declare crypto friendly.
Cryptocurrencies and stablecoins
📍USDT, the most capitalized stablecoin in the industry, is integrated into the scalable Polygon network. The developers of Polygon, Ethereum’s leading layer two scalability solution, reported on the integration of the USDT stablecoin. As they explained, USDT will enhance the ecosystem DeFi which is built on the blockchain Polygonwhich hosts more than 19,000 decentralized applications or DApps, according to data from the Alchemy platform.
Currently, Tether (USDT) is the most capitalized stablecoin in the industry and the third largest cryptocurrency in the market, with a total value of $72.47 billion at press time.
Innovation, Development and Technology
📍Nigeria chooses the Algorand network to develop an intellectual property digital wallet. The Nigerian government has plans to create its own blockchain-based digital wallet, called the “Nigerian IPR Wallet”. Algorand developers reported a alliance between the Nigerian government, the Developing Africa Group organization and the Koibanx project to launch the national digital wallet that will allow its users to exchange and trade any form of intellectual property rights internationally.
Koibanx, which helped El Salvador in its implementation of the Lightning Network in Chivo Wallet, has said that the Nigerian IPR Wallet is probably the largest crypto project in the world, that it will impact the lives of some 50 million people and that it will boost the use of blockchain technology as a basis for building the technological and economic development of emerging countries.
Rules and Regulations
📍The Russian Ministry of Finance is considering accepting cryptocurrencies in international trade. Ivan Chebeskov, head of the financial policy department at the Russian Ministry of Finance, has reported that the Russian government is looking into the possibility of accepting cryptocurrency payments to revive international trade. According to Chebeskov, the addition of cryptocurrencies as a means of payment will help the country counteract the effects of trade and economic sanctions imposed mainly by the United States and United Kingdom governments.
📍Web3 lifestyle app StepN will block users from mainland China. The developers of StepN, a blockchain and Web3-based mobile lifestyle app, reported that they will close the access to users located in mainland China to comply with government regulatory policies regarding cryptocurrencies and digital assets.
StepN is a Solana-based app with nearly 3 million monthly active users globally that encourages a healthy, active lifestyle. Users of this app can earn cryptocurrency rewards just by doing outdoor activities like running, jogging, or walking.
The price of GMT, the governance token of StepN, which has fallen by more than 70% in the last month, shows a slight recovery at the time of writing, from 4.8% daily to trade above $1.08 per unit.
Continue reading: “Bitcoin is trading 30% below its fair price”
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