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Crypto adoption news
- CoinFlip, a major US-based Bitcoin ATM operator, said it grew its network from 441 ATMs in January 2020 to over 1,400 by year’s end, with terminals in 45 of the 50 states. Additionally, CoinFlip claims it saw an average 48% increase in the unspecified amount per customer transaction in 2020. The company aims to expand its network beyond North America this year. CoinFlip said it already increased its Chicago-based workforce from 17 employees at the start of 2020 to a team of 160 and is looking to hire more people.
- Circle and the Stellar Development Foundation announced today that USD coin (USDC) is now live on the Stellar (XLM) network. Stellar USDC is available on Stellar’s decentralized exchange.
- OKEx said it will integrate the Bitcoin Lightning Network, a second-layer scaling solution based on the Bitcoin blockchain, in the coming quarter. This “will dramatically decrease transaction fees and times,” the major exchange added.
- The Indian government will explore the use of blockchain technology for the digital economy, Minister of State for Finance Anurag Singh Thakur said today, as reported by gadgets.ndtv.com. “It was announced in the Budget Speech of the year 2018-19 that the government does not consider cryptocurrencies legal tender or coins and will take all measures to eliminate the use of these crypto-assets in financing illegitimate activities or as part of the payment system,” Thakur reportedly added.
- Bitwise Asset Management said it has begun the regulatory process to allow shares of the Bitwise Bitcoin Fund to trade on OTCQX. If approved, shares of the fund would be available for trading in traditional brokerage accounts and for custody with many traditional custodians, they added.
- A Chinese farmers’ market is now making use of blockchain-powered invoices and receipts, reported ST Daily. Stall owners at the Wuyi Farmers Market, in Pu’er City, Yunnan Province, are issuing customers paying as little as USD 1.05 with blockchain-powered receipts on their smartphones via a dedicated app. The market, reported the media outlet, is the center of a new pilot that will be expanded to farmers’ markets throughout the city and the surrounding area if it proves successful. The pilot has been applied to all vegetable and fresh fruit vendors selling their produce at Wuyi, and allows customers to access key information on their purchases, and verify the credentials of stallholders.
- Schoolchildren aged between 13 and 15 in Satka, a city in the Southern Ural Chelyabinsk Region of Russia, have been invited to take a free “master class” in blockchain technology. Per Satka74, the Russian antivirus and software firm Kaspersky Labs will organize three IT-dedicated training…