Cryptocurrency-fiat simbiosis: How MinePlex created a bank of the future
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 […]
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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),....
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....
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....
In March 2021, MinePlex — a new-generation mobile crypto bank — launched a product called the MinePlex Marketplace. This marketplace gives users the ability to buy products they can’t afford straight away through the simple act of Commodity Staking. Say you want to buy the latest iPhone or MacBook Pro, but it’s too expensive right now. Making a purchase through commodity staking solves that problem. In this article, we take a closer look at commodity staking, and how it solves the problem of making high-end consumer products more affordable. What is staking? In the cryptocurrency sector,....
Many in the Bitcoin community are very impatient. Some "early adopters" want the world to accept "The Future of Money" now, for many reasons. One is they would love to see their precious Bitcoin go from $350 USD to $10,000 USD in a year, like some penny stock they've nurtured into maturity. Another is many have grown weary of the current fiat currency stronghold, and the inflation, taxation, ability to generate war, and the general manipulation therein. History proves every fiat currency man has created has collapsed, and then has needed to be replaced by a "new and improved" fiat....