MASTERCARD AND VISA MAY LEAVE FACEBOOK’S LIBRA


Bitpay adds support for XRP, and Visa and Mastercard may be pulling away from Libra, let’s start the show. Welcome back to crypto global news, please make sure you like share and subscribe to the show. Also, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. Enjoy today’s episode. The Encrypted messaging service Telegram will launch the Telegram Open Network (TON) in late October 2019. In a recent message in the official TON Board on Telegram, the firm states that original investors were informed that the blockchain network would launch later this month. Investors are provided with TON key generation software and will be required to provide Telegram with a public key to receive their Gram (GRM) tokens — the platform’s native token — by Oct. 16th. The entire source code for TON is now available on Github. How will this launch work out for Telegram? The cryptocurrency payment processor BitPay has gone into a partnership with Ripple’s investment arm Xpring to support payments with XRP. The development was announced in a recent press release, showing that now businesses can accept the third-largest digital currency XRP for payments via BitPay’s cross-border payments platform. As part of the cooperation, BitPay is also integrating its BitPay Wallet with Xpring’s developer platform. How will this affect bitpay and also XRP? Just a reminder, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. And now, back to today’s episode. The cryptocurrency exchange Coinbase now allows holders of USD Coin (USDC) to earn a 1.25% annual percentage yield (APY)., Coinbase said that eligible U.S. customers will begin earning 1.25% APY rewards on every USDC they hold on Coinbase with rewards being distributed on a monthly basis. Interest earning is not available for customers in New York state. In the announcement, Coinbase described USD Coin as a stablecoin that offers price stability by being backed by a reserve asset. Will this move bring more investors to the coinbase platform? A candidate for the United States House of Representatives in 2020 is accepting cryptocurrency donations to run against Representative and Speaker of the House Nancy Pelosi. Agatha Bacelar, a Stanford engineer and designer who served with Emerson Collective and Democracy Earth argues that the existing political establishment wants to hold back a future “where economic freedom is afforded to all,” according to the campaign’s website. The challenger is accepting donations in five cryptocurrencies including Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and USD Coin (USDC) through Coinbase, one of the most popular U.S.-based crypto exchanges and wallet services. Nancy Pelosi is a career politician who is older than most of the furniture in capitol hill, will this new person’s ideas be able to unseat this long term incumbent? Facebook’s cryptocurrency Libra has been in varying amounts of trouble and dissary ever since the social media giant released the whitepaper earlier this year. Central banks and governments across the globe have put together a concerted effort against Libra, putting Facebook executives in the dock time and again as they fear that the social media giant is out to create a parallel financial system. At the moment there have been a series of rumors that Visa, and Mastercard are pulling support for the project, along with some other big names. If that does happen, what does the future look like for this digital asset, even before it gets off the ground. Many thanks for tuning into today’s episode, please make sure you like share and subscribe to the show, And please remember to go check out our new website at cryptognt.com where you can find all the latest news from the world of cryptocurrency. You can find a link to the site in the show notes below. For crypto global news I’m Edward, until next time you take it easy.

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