• Mansimrat

From blockchain being the future of technology to PayPal's next step, here's today Top 5 Crypto News

1) “The future is technology by blockchain,” says an Australian senator.

Australian Liberal Senator Andrew Bragg believes blockchain can reduce issues related to financial regulatory compliance and transparency. At the online panel of the Future of Financial Services 2020 conference he said:

It will eliminate our time zone problem, which has been a problem for Australia over the long run. [...] Blockchain technology can streamline regulatory processes, reduce fraud, and reduce costs to regulatory compliance and administration.

Bragg has turned up as a blockchain-friendly official in Australia.

2) In 2021 more people will be interested in Bitcoin believes Hedera Hashgraph CTO.

Leemon Baird, Hedera Hashgraph CTO believes 2020 is the knee of an exponential curve.

He added -

I am not like the people in many previous years, saying ‘well, this year there wasn't much, but I'll bet next year will be better.

Baird continued

I think that we're already seeing this year the start of that, that people are seriously considering this something real and it is for a long time they've been considering it on the sidelines. But now people are starting to get into it for real, as you've said, and people are starting to invest in it. I mean, big, big organizations, people are starting to actually use it in their companies.

3) China's UnionPay and Korea's Danal team up to release cryptocurrency-supporting digital cards.

China UnionPay, bank card services provider, and South Korean payment provider Dana have come together to launch UnionPay-Danal card that will support top-ups and payments in crypto and fiat currency. For this card, Danal's crypto wallet and the crypto token will be available. The users will be able to pay for goods and services at over 30 million UnionPay merchants across 179 countries and regions using the crypto supporting digital card.

4) Ukrainian multi-game organization to launch a fan token on a blockchain-based platform.

Natus Vincere, a Ukrainian multi-game organization will launch this token on Socios which will provide fans engagement opportunities like the right to vote in polls and the chance to earn unique rewards linked to the organization. A limited number of the token will be available in the market at a price of $1and an initial flash sale is expected to take place in the coming months.

5) PayPal revealed more details about its crypto services.

During the Q3 2020 earnings call Dan Schulman, CEO of PayPal said -

We’ve only rolled this out to 10% of our base. We did that a couple of days ago. But our waiting list is 2 to 3 times what our expectations were. We are going to take up our $10,000 limit per day to $15,000 per day based on the demand that we are seeing.

He also added

We’ll roll out to 100% in the U.S. in the next two to three weeks. Then we are going to expand internationally and we will expand into Venmo in the first half of next year

Read 3 advantages to the crypto market due to PayPal adoption

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