Adapting Bitcoin innovation to the current payment system will help solve several of the present problems, improving efficiency and performance, explains the professional services firm Deloitte. This and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Cryptocurrencies and altcoins
📍Deloitte notes that Bitcoin can help governments develop more efficient payment systems. Professional services firm Deloitte published a report where indicates that Bitcoin (BTC), the world’s leading cryptocurrency, can help governments innovate the payments ecosystem, if the best of this “genuinely revolutionary” technology is adopted.
The report, titled “State-Sponsored Cryptocurrency: Adapting the best of Bitcoin's Innovation to the Payments Ecosystem”, explains that applying Bitcoin's innovation to the current payment system will help solve several existing problems, such as slow speed in cross-border payments and high transaction costs in fiat currency. Governments can use the innovation of Bitcoin, the world's most popular cryptocurrency, to develop their own central bank digital currencies, known as CBDCs, Deloitte explained.
Bitcoin and Blockchain Adoption
📍Visa invites university students to participate in its crypto development program. Global financial services company Visa made a invitation undergraduate university students to be part of their cryptographic development program, focused on creating a team of cryptocurrencies, diversified.
As explained by the company, students who participate in this program will have access to practical experiences in different areas within the emerging cryptocurrency ecosystem at Visa. The objective is to train talent for the creation of new crypto products, develop new experiences and solutions focused on DeFi, NFT, stablecoins, CBDC and more.
📍Hashdex to launch Brazil's first ETF focused on Web3 protocols The digital asset manager will launch a new crypto-asset exchange-traded fund (ETF) in Brazil. This time, it is focused on web3 protocols and DApps. It is the “Global Crypto Asset Manager Hashdex to Launch Web3 ETF”, which will be listed on the B3 stock exchange under the symbol WEB311 starting on the 30th of this month.
Marcelo Sampaio, co-founder and CEO of Hashdex, said the digital asset manager wants to offer its investors a diversified space to invest in Web3 and its underlying smart contract platforms. “We believe that Web3 represents the future of the Internet and is a further indication of the possibilities offered by blockchain technology”, Sampaio said.
NFT and DeFi Markets
📍WWE officially enters the world of NFTs with its new digital platform. American media and entertainment company WWE announced the launch of its own streaming platform NFT, called WWE Moonsault, which will be available before April 2. This platform will host a new collection of the company's non-fungible tokens, WWE chief brand officer Stephanie McMahon said.
WWE is an entertainment company primarily dedicated to professional wrestling. At the beginning of this year, WWE was approaching 2 million active subscribers.
📍British sports car manufacturer McLaren is also entering the world of NFTs. McLaren Automotive, known as McLaren, has announced that it will create a collection of exclusive NFTs inspired by its luxury supercars and hypercars, in collaboration with blockchain infrastructure and metaverse platform InfiniteWorld. Gareth Dunsmore, McLaren's chief marketing officer, said that his entry into the world of NFTs alongside InfiniteWorld is “the next step in our Web3 digital journey”.
Rules and Regulations
📍The UK's Financial Conduct Authority is creating a new cryptocurrency department and is looking for experts. According to one publication On the professional social network LinkedIn, the FCA will create a new cryptocurrency department, so it is looking for an industry expert to fill the position of head of the Digital Assets Department. The publication indicates that those applying for these positions must have extensive knowledge and experience in financial services, as well as in the cryptocurrency industry.
Continue reading: The majority in the European Parliament decides not to ban PoW cryptocurrencies
