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Crypto New Media Press

Bitcoin halving is a scheduled event in which the minting rate of new Bitcoins is reduced by 50%. On May 20th, the upcoming third Bitcoin halving 2020 will occur. Although, Bitcoin hasn’t fared too well over the past week losing nearly 40% of its value in recent trading. Bitcoin halvings historically led to higher prices […]

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Crypto New Media Press

Video game retailer GameStop reveals its finances from the last financial year, confirming smaller net losses than the year before. The retailer also says that it plans to close more than 300 stores as it aims to save more money. However, these may not be enough to rescue GameStop and it will likely be up […]

The post Only PS5 and the Xbox Series X Can Rescue GameStop’s Death Spiral appeared first on Crypto New Media.

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Crypto New Media Press

A number of international blockchain-based solutions have taken up the challenge of preventing further outbreaks in the midst of the COVID-19 pandemic. The United Arab Emirates (UAE) is the most recent country to propose solutions reliant on a distributed database. As reported by the Emirates News Agency on March 25, the UAE’s Ministry of Community […]

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Crypto New Media Press

XRP is a ‘Decentralized, Open-Source Digital Asset’, Ripple SVP Marcus Treacher Rebukes Critics Link To Article: https://bitcoinethereumnews.com/technology/xrp-is-a-decentralized-open-source-digital-asset-ripple-svp-marcus-treacher-rebukes-critics/?feed_id=15&_unique_id=5e7eff8a42b6e Advertisement &nbsp &nbsp Ripple has been criticized for being centralized for years now. In fact, many critics have gone as far as calling XRP a fake cryptocurrency because even though XRP does use the blockchain technology, all existing […]

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Crypto New Media Press

Block.one — the company behind EOSIO (EOS), has injected $150 million into its controversial blockchain-based social media network, Voice. Announced on March 26, the investment comprises $50 million in intellectual property assets and $100 million. The injection is intended to give Voice the resources needed to operate independently from Block.One. Voice is in closed beta […]

The post Block.one Invest $150 Million Into Voice, But Privacy Concerns Linger appeared first on Crypto New Media.

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Crypto New Media Press

Welcome to The Decred Drive. Every Thursday this brief newsletter highlights top-notch Decred content from the previous week. It’s been a long, tiresome week (not sure I can stand any more of Trump’s coronavirus updates — situation is completely out of control in the US now… yikes) and much to cover in Decred land, so […]

The post The Decred Drive (Mar 26) – The Decred Drive appeared first on Crypto New Media.

First posted at https://ethereumworldnews.com/why-the-new-binance-card-is-bullish-for-bitcoin-btc-and-binance-coin-bnb/

In brief:

• Binance has announced the launch of the Binance Card that allows users to shop and pay with crypto anywhere VISA is accepted.
• Binance Card will initially be a virtual card in a Beta version of the new service. 
• Users can only top up using Bitcoin (BTC) and Binance Coin (BNB). 
• The team at Binance has continually focused on building ever since the exchange was launched.

Crypto adoption just got the biggest boost this year as the popular crypto exchange of Binance has just announced the launch of a VISA powered crypto debit card. Aptly named Binance Card, it allows for users to top up the card using Bitcoin (BTC) and Binance Coin (BNB). Users of the card will perform all the necessary top-ups through a yet to be released Binance Card App. The tweet making the announcement can be found below.

Introducing the #Binance Card: Shop and Pay With #Crypto Anywhere in the World

Simply top-up your card with funds through the Binance Card App in the form of #Bitcoin or $BNB, and you're ready to go.

Sign up now: 💳 https://t.co/ZbOW8y388r pic.twitter.com/OprFm4O6H5

— Binance (@binance) March 27, 2020

Why the Binance Card is Bullish for BTC and BNB

The only assets that will be used to top up the card will be Bitcoin and Binance Coin. This, in turn, means BTC and BNB will have additional utility in the Binance Card app thus increasing demand for the two assets. Such demand will most likely affect the value of these digital assets in a positive way. The team at the exchange has explained their plans of rolling out the service on a global level thus increasing the exposure and demand of the two aforementioned assets. Bitcoin and Binance Coin will be the bridge for real use-case of cryptocurrencies for the day-to-day purchase of goods and services. CZ further explained this as follows.

Payments is an obvious use case for #crypto, yet adoption is slow. With only 0.1% of people having crypto, merchants have no incentive to accept it. And with few merchants accepting it, less users use it for payments. A chicken and egg problem.

Now by using the #Binance Card, merchants continue to receive fiat, and the users pay in any #crypto they choose, Problem solved. Let there be #adoption.

How to Get the Virtual Binance Card

At the time of writing this, interested individuals are advised to register their interest in Binance Card through the landing page. The card will initially be a Virtual Card in a beta version. Once the virtual card is available in the various global jurisdictions, those who registered will be notified and advised to complete the process on the Binance Card app. Ordering the card will cost only $15 thus making the card cheaper than other available options such as Crypterium ($50) and Paycent ($49). However, in the latter two cases, the extra charges are for the physical delivery of the card.

(Feature image courtesy of  Lauren Hay on Unsplash.)

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

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Crypto New Media Press

The recent price action in Bitcoin has been particularly devastating to miners who had to turn off their expensive to operate machines after the price of the cryptocurrency fell below the cost of production. However, the rapid capitulation of the weakest miners in the market has in the past always led to sustained, steady, long-term […]

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Crypto New Media Press

WeWork burned $1.4 billion in cash in the final quarter of 2019, on top of the $1.25 billion it lost in the previous quarter. Its main investor, SoftBank, is set to withdraw further funding, meaning that WeWork could run out of cash. WeWork’s business prospects will be damaged by people’s reduced appetite for working in […]

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