Starting next year, Vueling Airlines users will be able to pay for their trips using Bitcoin and several of the most important cryptocurrencies on the market. 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.
Vueling Airlines will add Bitcoin to its payment options
📍Vueling follows Volaris and announces support for Bitcoin payments. Good news for the crypto community is coming from Spain. Vueling Airlines has announced that it will implement payments with Bitcoin and other cryptocurrencies starting in 2023. In this way, users of the Spanish airline will be able to pay for their trips with several of the most important crypto assets on the market.
In a Press releaseVueling Airlines indicated that, in addition to Bitcoin, it will also accept payments in other cryptocurrencies, such as Ethereum, Bitcoin Cash, Dogecoin, Litecoin, Shiba Inu and Wrapped Bitcoin.
Accepting transactions with Bitcoin and other cryptocurrencies reinforces Vueling Airlines' position and leadership as a "digital airline," said Vueling's director of distribution strategy and alliances, Jesús Monzó, in the published statement.
In October of last year, the Salvadoran airline Volaris recognized the potential of Bitcoin and reported that it would also implement payments with this and other cryptocurrencies.
A new stablecoin linked to the euro is coming
📍The company responsible for issuing USDC will launch a stablecoin linked to the euro. Circle is expanding its offerings and announcing the launch of a euro-pegged stablecoin, called Euro Coin (EUROC). The new stablecoin, currently in development, will be available later this month, the company said.
Euro Coin (EUROC) will be launched as a ERC-20 token on the Ethereum blockchain and will be collateralized by fiat currency reserves, to maintain its 1:1 peg to the euro.
USDC, developed by Circle and pegged to the US dollar, is the second most capitalized stablecoin in the market, with more than $54.600 billion at the time of writing.
NFT and DeFi Markets
📍The crypto industry attracts heavyweights from the traditional financial system. Stacey Cunningham, former president of the New York Stock Exchange, has joined decentralized finance protocol Uniswap as an advisor.
On his Twitter account, Cunningham indicated that he will use his decades of knowledge and experience in the financial world to help Uniswap advance its mission of democratizing new markets.
Uniswap is the largest DEX and AMM DeFi protocol in the decentralized ecosystem. Currently, this protocol moves more than $1.700 billion in trading volume per day, according to the Dune Analytics platform.
Panamanian President rejects Crypto Law
📍Laurentino Cortizo, president of Panama, has partially vetoed the Crypto Law passed by the Assembly at the end of April. Concerns about compliance with AML, anti-money laundering and money laundering regulations led the Panamanian president to veto part of the cryptocurrency bill promoted by Congressman Gabriel Silva.
Cortizo noted that he must be very cautious with this proposed law. In May, he had indicated that Panama's Crypto Law did not guarantee strict compliance with AML regulations, so the rejection of the law in its current state was quite likely.
However, Congressman Gabriel Silva, the main sponsor of this bill, criticized the decision of the Panamanian president. On his Twitter account, Silva condemned the rejection, indicating that an opportunity for the growth and technological development of the country has been wasted.
Silva also indicated that they are working on the necessary corrective measures.
Kazakhstan opens doors to cryptocurrency companies
📍Cryptocurrency companies will have access to traditional banking, the Ministry of Digital Development of Kazakhstan announced. The government of Kazakhstan once again opens the doors to the crypto industry and its participants.
According to statements from the Ministry of Digital Development of third country With the highest concentration of Bitcoin hash rate in the world, AIFC-registered cryptocurrency exchanges and businesses will be able to open and manage accounts from second-tier Kazakhstani banks.
Kazakhstan's Ministry of Digital Development has clarified that cryptocurrencies can bring great benefits to the Kazakh economy, and will therefore support its development and growth at the national level. The Ministry's statements come amid a currently bearish market.
Other government entities, such as the National Bank and the Financial Supervision Agency of Kazakhstan, also support the development of the crypto industry. The entities noted that this industry is much more than just cryptocurrency mining. “It also includes cryptocurrencies, digital currencies, digital wallets and other blockchain technologies”, they indicated in a Valid identity document recently published.
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