Visa will launch a new payment service called UPC, to offer interoperability between different blockchains and facilitate global payments with cryptocurrencies, stablecoins and CBDCs. 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.
Bitcoin and Blockchain Adoption
📍Visa introduces UPC, a new interoperable payment service for cryptocurrencies, stablecoins and CBDCs. The company reported that it is developing a new universal payment channel, called UPC, with which it will interconnect payments globally using different forms of money, from cryptocurrencies, , to stable coins y CBDCVisa, one of the largest multinational financial and commercial services and electronic payments companies, wants to provide its users with the possibility of easily operating using the cryptocurrency or digital asset of their choice.
In his recent releaseVisa announced that it will offer cross-chain interoperability through UPC, to enable payments with any crypto asset. As an example, the company noted that a user in the United States will be able to use UPC to send dollars via a stablecoin to a friend in London, and have the friend automatically receive digital pounds sterling.
📍Mihailo Bjelic, co-founder of Polygon, highlights the growth of the blockchain solution in the last quarter. Bjelic posted extraordinary numbers about Polygon's growth over the past 3 months. Via Twitter, the developer of Polygon's scalability solution Ethereum showed that the number of daily active addresses on Polygon surpassed the number of daily active addresses on Ethereum for the first time. The milestone for Polygon was reached this week, at the end of September.
According to the chart shared by Bjelic, Polygon adoption has grown by over 300% in the last quarter. The growth of this second-layer scalability network is driven by the high gas costs still present on Ethereum.
📍21% of Spanish youth invest in cryptocurrencies. Un study A study conducted by Rebellion and published by Füture indicates that 21% of young people in Spain already have investments in cryptocurrencies and digital assets. According to the business publication, cryptocurrencies are the most in-demand investment product among Spanish youth at the moment. The study also indicated that nearly 38% of young Spaniards, aged between 25 and 40, are considering making some kind of investment in cryptocurrencies in the coming months.
NFT and DeFi Markets
📍TikTok launches a program to support the creativity and innovation of its creators through NFTs. The social network reported that will launch a collection of tokens NFT, through its TikTok Top Moments program, aimed at supporting the creativity of its community of creators. TikTok is exploring the world of NFTs as a new empowerment tool that will allow it to help its creators monetize their work. At the same time, the social network hopes to raise funds through its NFT collection, made up of 6 culturally significant videos on the social network, to support its creators and artists.
TikTok’s NFT collection is led by creators such as Lil Nas X, Bella Poarch, Brittany Broski, Curtis Roach, and more. Additionally, the collection will be available on Ethereum via the layer 2 solution for NFTs, Immutable X.
📍Dolce & Gabbana auctioned off an NFT collection and raised $5,7 million. Luxury fashion brand Dolce & Gabbana successfully completed the auction from his collection of NFT tokens on the UNXD marketplace. The NFT collection sold for a total of 1.885 ethers, worth $5,7 million.
The collection consisted of 9 NFT tokens featuring haute couture pieces for women and men, designed by Domenico Dolce and Stefano Gabbana exclusively for the NFT market, as well as a fine jewelry set of 3 unique tiaras.
Development and Technology
📍Twitter is preparing a new feature related to NFTs. In July, Twitter CEO Jack Dorsey said that the network would begin to focus on NFT development, and it is doing so. Recently, Mada Aflak, a software engineer at Twitter, shared what appears to be part of the social network's new project in blockchain and cryptocurrency digital innovation. Aflak's post shows the design of a new feature that will allow users to use their NFTs as their main photo on the platform. In addition to this, Twitter plans to integrate a verification mark that allows users to verify that they are really the owner of the NFT they are displaying. The mark, which will serve the same function as the blue tick on verified accounts on the social network, will be the logo of the Ethereum cryptocurrency in miniature.
Crypto blogger Colin Wu, better known as Wu Blockchain, highlighted in August that NFTs are becoming the new symbol of power within the crypto industry and that the biggest entrepreneurs were joining this global trend, acquiring some of the most famous ones, such as Cryptopunks.
Rules and Regulations
📍Costa Rica will allow the healthy development of cryptocurrencies. Rodrigo Cubero, president of the Central Bank of Costa Rica, reported that the entity will allow cryptocurrencies and digital assets to develop in a healthy way in the country. According to Cubero, the central entity is implementing a new strategy that will allow the FinTech industry to develop the cryptocurrency market in an innovative, healthy and responsible way. noticia made it known The Republic, the country's leading print newspaper.
The “Vigilant Tolerance” strategy that the Central Bank of Costa Rica will apply will serve to learn about and enter the world of cryptoassets. Cubero pointed out that the Central Bank will not impose a regulation that stifles the development of cryptocurrencies prematurely, but rather will allow the innovation of this industry to grow in order to acquire more tools and knowledge that will allow it to establish intelligent regulation in the future.
Continue reading: El Salvador takes its first steps towards Bitcoin mining with geothermal energy
