How are large companies developing the crypto market in 2021? From Tesla to Mastercard.

The main events of the last 1.5 months that have taken the digital money industry to a new level

Tesla 

Tesla invested $ 1.5 billion in Bitcoin in January (read here). The company sent a letter to the US Securities and Exchange Commission (SEC), in which it announced that it intends to start accepting cryptocurrency as payment soon.

CME Group

Ethereum futures appeared on the CME Chicago Mercantile Exchange on February 8. One contract is equivalent to 50 ETH. Companies providing liquidity for futures include BlockFi, Galaxy, Genesis, CoinShares, and the New York Digital Investment Group.

Visa

Payment giant Visa announced the release of its own system (API) for buying cryptocurrencies, which will be integrated by banks. The product launch is scheduled for the end of this year. The first user of the service will be digital bank First Boulevard.

Mastercard

Mastercard will start working with several cryptocurrencies as part of its international payment system in 2021 (read here). First of all, speech with stablecoins. The company believes that digital assets should provide stability.

Morgan Stanley

Counterpoint Global, part of the financial conglomerate Morgan Stanley, is preparing to invest in cryptocurrency. To do this, the investment division with assets under management of $ 150 billion is awaiting approval from management and regulators.

Bank of New York Mellon

The oldest bank in the United States and the world’s largest depository bank, Bank of New York Mellon, will store and conduct cryptocurrency transactions for the benefit of its clients. The company is developing a platform that will allow transactions with digital money in the same way as it happens with traditional assets.

Twitter

Twitter CEO Jack Dorsey and rapper Jay-Z will transfer 500 bitcoins ($ 23.6 million) to a special fund that will expand the use of the first cryptocurrency. Now investors are looking for developers. The task is to turn bitcoin into an Internet currency.

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