How are large companies developing the crypto market in 2021?
Table of Contents
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 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.
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.
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 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.
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 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.
Read actual crypto news and forecasts every day on https://news.bitxmi.com/
Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.