The crypto space is heating up this summer, from big banks’ growing interest in bitcoin to large enterprises offering digital assets on their platforms.
With more and more people stepping away from cash in search of a more efficient and global alternative, businesses, legislators, and innovators are looking to the potential of stablecoins, blockchain technology, and web3 to adapt their payment systems.
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Olliv will be attending the world’s most exclusive gathering of web3 investors, industry leaders, and promising startups at the Web3 Investor Day Conferenceon July 20th in Chicago, IL. With 300+ innovators sharing their insights on blockchain-powered opportunities, check out Olliv at the forefront of normalizing decentralized finance and building a more accessible, efficient, and transparent financial system.
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Crypto for Anyone: What We're Focused On
Crypto is still a new landscape to navigate for many investors, legislators, and everyday people. CoinFlip CEO and Co-Founder Ben Weiss recently met with Authority Magazine to discuss the top five things he thinks can be done to improve and reform the crypto industry. Check out the interviewhere.
Crypto News
💰Ripple Effect: XRP Relists as Cross-Border Payment
A long-awaited SDNY ruling determined that Ripple Labs did not sell its digital currency XRP as an unregistered security for the public, earning an early victory for the exchange network company. The rest of the crypto industry is hailing it as a victory as it looks to lawmakers to create clear regulatory frameworks.
XRP is a digital currency used by the Ripple exchange network to support efficient and low-cost payments across borders. Within seconds, XRP can bridge both fiat currency like USD and euro and cryptocurrency, supporting international transfers without the high fees or wait times of a traditional bank or exchange.
This quick, cost-effective payment option is now available to buy atCoinFlip’s Order Deskwith same-business-day settlement and competitive rates.
👾NFTs As a New Financial Incentive
Google Playis reimagining traditional games after allowing non-fungible tokens (NFTs) and other user-generated digital assets to be earned as rewards and exchanged in their apps. This recent policy change signals a shift in attitude towards blockchain technology and how it can enrich different platforms, communities, and markets. Since Reddit had staggering success launching its NFT Collectible Avatarsa year ago, more companies are perking up to what web3 can offer.
💥BlackRock EFT Impact: Is It Good News?
Since the investment giantBlackRock filed an exchange-traded fund (EFT) that tracks cryptocurrency price movements, major financial firms like Fidelity and Morgan Stanley became emboldened to pool into the crypto space with their own EFT applications.
While some observers warn against disrupting crypto’s core principles of privacy and decentralization, others are optimistic this involvement will drive investor confidence and possibly lower fees, helping to raise the legitimacy of bitcoin as an investment option.
🏛️How the Recent Ripple Ruling Could Impact the Digital Asset Space
CoinFlip CEO and Co-Founder Ben Weiss met withNasdaq TradeTalksto discuss potential impacts of the recent Ripple ruling and BlackRock’s involvement on the future of the crypto industry.
The Big Flipping Number
93%
93% of the world's central banks are engaging with digital currencies.
24 central banks will have Central Bank Digital Currencies (CBDCs) in circulation by 2030, according to a 2022 survey by the Bank for International Settlements (BIS).Amid the decline of cash, CBDCs and other stablecoins (cryptocurrency pegged to an existing asset or commodity) are in the works for supporting transactions and cheaper cross-border payments.
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