您现在的位置是:Crypto and fiat are not compatible today >>正文
Crypto and fiat are not compatible today
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛5人已围观
简介The cryptocurrency market has recorded massive growth in recent years but there is still a long way ...
The cryptocurrency market has recorded massive growth in recent years but there is still a long way to go to achieve worldwide adoption.
MoneyGram CEO Alex Holmes believes that there is still a long way to go to achieve compatibility between cryptocurrencies and fiat currencies.
Holmes made his opinion known during a recent interview with Bloomberg. He stated that at the moment, the world of cryptocurrencies and the world of fiat currencies are not compatible. He stated that;
“The world of crypto and the world of fiat are not really compatible today. We’re trying to be a bridge from the crypto world to the fiat world.”
MoneyGram is looking to bridge this gap and intends to ensure that the world of cryptocurrencies and fiat currencies are compatible.
The payments company recently announced a strategic partnership with Stellar, a leading blockchain project. The partnership will ensure that people with digital wallets on the Stellar blockchain can convert their assets into Circle’s USDC stablecoin before proceeding to cash out through MoneyGram.
The cryptocurrency market has been underperforming in recent months. The total cryptocurrency market cap reached an all-time high of $3 trillion in November 2021. However, the market has lost more than 50% of its value since then and the total market cap currently stands above $1.2 trillion.
Bitcoin, the world’s leading cryptocurrency, is down by more than 50% from its all-time high and trades around $30k at the moment.
Despite the bearish sentiment in the market, the adoption rate continues to grow. The innovation in the market has been growing over the past few months, with numerous projects rolling out interesting upgrades, products, services and partnerships during that period.
Numerous traditional financial institutions including MoneyGram, Visa, Mastercard, PayPal and Stripe have entered the cryptocurrency market in recent years.
The market is expected to record further growth over the coming years as more entities enter the space.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/4412.html
相关文章
New York Attorney General sues CoinEx over failure to register
Crypto and fiat are not compatible todayNew York Attorney General Letitia James sues CoinEX for failing to register with the state.The crypt...
阅读更多
Bitcoin price crashed last Friday as Silvergate Capital delayed filling a 10
Crypto and fiat are not compatible todayBitcoin price crashed last Friday as Silvergate Capital delayed filling a 10-K reportNo bounce follo...
阅读更多
Smooth Love Potion (SLP) price is up 24%: why is the Axie Infinity game token rising?
Crypto and fiat are not compatible todayThe SLP token has been on the rise today and it was trading at $0.01926 at the time of writing; a 24...
阅读更多
热门文章
最新文章
Synthetix’s SNX price soars as Synth perps volume spikes
Verichains issues security advisories on security vulnerabilities on Tendermint Core
You can now buy Bitgert: here’s where
Bitcoin price: BTC invalidates double top formation
Shiba Inu (SHIB) vs Baby Dogecoin (BABYDOGE): The profitable meme coin
Here is why Vulcan Forged (PYR) price is skyrocketing