MinePlex Creates CrossFi Crypto Bank by Combining Traditional Finances With B...
PRESS RELEASE. The MinePlex platform announces the creation of a new mobile crypto bank for CrossFi industry that aims to combine the traditional financial instruments with blockchain technologies. The mobile crypto bank is supplied with the functionality that allows using cryptocurrencies in everyday life: paying for clothes, food, gadgets as well as for utilities, internet and other services. “In fact, we have created a new industry that erased the borders between cryptocurrencies and traditional financial assets. Now our users can buy and sell cryptocurrencies, or pay for everyday....
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The funding will be used in new banking technologies, including a collaboration with Mastercard and Visa for crypto transactions. In another round of investments in the crypto space, Singapore-based crypto bank MinePlex has secured $100 million from digital asset investment firm GEM Digital Limited (GEM), aimed at closing the gap between digital assets and traditional banking. According to an Oct. 11 announcement, MinePlex will use the funding to develop new banking technologies, including a collaboration with Mastercard and Visa for transactions accepting Tether (USDT), Bitcoin (BTC),....
A report says over 80% of African users on the Mineplex marketplace have shown an interest in the platform’s commodity staking program since launch.
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According to a recent study, over 80% of African users have taken part in the commodity staking program since its launch as a new product on the Mineplex marketplace. This figure by far dwarfs that of Asian users (23%), Europe (14%) and the U.S. (9%) users who find commodity staking interesting.
As noted in a study report that was shared exclusively with Bitcoin.com News, Mineplex Banking said....
As recently as a few months ago, in summer 2020, the world has seen the DeFi boom. The tokens of the projects in the field of decentralized finances demonstrated six-figure returns. One example is YFI, the price of which has grown 130000% in one month. But this hype is already a part of history. The market sees a continuous correction, and the YFI has dropped in price by more than one-third from its peak. Most […]
The governor of the Bank of England, Andrew Bailey, has warned that crypto creates an “opportunity for the downright criminal.” The central bank chief described: “You only have to ask the question ‘What do people committing ransom attacks usually demand payment in?’ The answer is crypto.” Bank of England’s Governor Warns About Cryptocurrency Bank of England (BOE) Governor Andrew Bailey talked about cryptocurrency Monday at a “Stop Scams” conference organized by the central bank. Bailey said cryptocurrencies are the new....
When it comes to embracing Bitcoin, regardless of whether you believe in the coin, the ideology, or the technology, there are always certain unwritten rules to keep in mind. First and foremost, the end user is in control of their funds at any given time, which also means they bear the full responsibility for what happens to their bitcoins. Storing them....