London-based luxury retailer Farfetch is betting on cryptocurrencies and will add payments with Bitcoin and other digital assets to its marketplace later this year. These 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.
Bitcoin and Blockchain Adoption
📍Farfetch, one of Europe's leading luxury retailers, adds Bitcoin payments. The Portuguese company will begin accepting payments in Bitcoin and other cryptocurrencies this year, it announced over the weekend.
Cryptocurrency payments will initially be implemented in the company's flagship stores, located in Paris, London and Milan, and will be available only to the company's private clients, through its marketplace platform.
Farfetch plans to expand payments with Bitcoin and other cryptocurrencies in the future, bringing them to all its stores located in Europe and the United States.
Other luxury brands from different industries, such as Gucci, Porsche Towson and Balenciaga, have also joined the cryptocurrency payments movement this year, to meet the needs and demands of their customers and to be at the forefront of new innovations.
📍Blockchain infrastructure provider Blockware: “Global Bitcoin adoption will exceed 10% by 2030.” The predictions made by the blockchain infrastructure and crypto mining provider are based on the analysis of past metrics, such as the historical adoption curves of Bitcoin and other technologies and the sum of cumulative growth of net entities.
In a report In a recently published report, the company noted that social adoption of other disruptive technologies has not been linear and the same is true for Bitcoin. According to Blockware, by 2030, Bitcoin adoption will exceed 10% of the global population.
Financial services firm Deloitte said last week that there are 220 million people worldwide who currently use the Internet. cryptocurrencies, .
Cryptocurrencies and stablecoins
📍Tron Reserve adds 1.800 new bitcoins to its USDD reserves. The organization responsible for managing the reserves of the algorithmic stablecoin USDD on the Tron network is buying more bitcoins with the idea of guaranteeing and protecting the value of the stablecoin on the market.
In total, another 1.800 bitcoins, worth $45,9 million at press time, were added to the USDD cryptocurrency reserves over the weekend. Tron Reserve, the organization responsible for safeguarding and managing these reserves, holds over $404 million worth of Bitcoin, as well as $140 million worth of USDT and nearly $70 million worth of TRX, the native cryptocurrency of the Tron network.
NFT and DeFi Markets
📍An investor pays over $200.000 to get his Bored Ape NFT back. Actor and TV producer Seth Green has paid 165 ETH, or about $238.900 at press time, to recover his stolen NFT. It is token #8.398 from the Bored Ape Yacht Club collection, one of the most valuable on the market today.
Green revealed during an interview with BuzzFeed News that he paid the ransom for his NFT to get his copyright back, as it will star in a TV series currently in development called “White Horse Tavern.”
The American actor had initially paid around $200.000 for this NFT when he first acquired it. The Bored Ape #8.398 NFT was stolen from him during a phishing attack.
📍Mastercard users can purchase NFTs with their cards. Thanks to a series of strategic alliances with various NFT market platforms and exchanges, holders of the 2.900 billion Mastercard cards in existence worldwide can use their cards to acquire non-fungible tokens easily and securely.
Mastercard reported, in a release, which is bringing its payments network closer to Web3 and NFTs to facilitate greater adoption of technological innovations and make the crypto industry more accessible to everyone.
Continue reading: Lithuania tightens its regulation against cryptocurrencies
