No industry today is changing as fast as the cryptocurrency market. The news appears at a great speed and it’s important to follow it. Last month was no exception, it was full of big names and big sums. Check here the most interesting events of the crypto world and its innovation and integration!
Uber wants to integrate Bitcoin as a payment option
Uber founder and CEO Dara Khosrowshahi said recently that the company is testing cryptocurrencies as a payment method for its services. Specifically, Uber wants to offer Bitcoin as a payment option. One of the reasons for adding crypto is that the demand for this option is growing very fast and the company will be on top of trends. Both the company and customers will benefit from the new payment method. Uber doesn't need cryptos just for publicity, the company is taking digital money seriously and planning a long-term use of them. However, it’s still unknown what exact Uber services could be paid for by Bitcoin. The new payment option is under development for now.
Tesla purchased $1.5 billion worth of Bitcoin for future profits
Electric company Tesla newly spent $1.5 billion to buy Bitcoin and plans to buy even more cryptocurrencies. It’s stated in the recently published company's annual report. Tesla's founder and CEO Elon Musk has already mentioned Bitcoin several times on his social media, which caused lots of rumors. It’s now been confirmed, the company has a high interest in investing in crypto. Currently, no other company has invested such a huge amount in cryptocurrency.
Tesla's annual report also indicates that the company will invest in digital assets regularly. The Bitcoin investments are just a business on the side for Tesla. But this was definitely a good starting investment and this tendency could lead to a ripple effect on other big companies over the next months. Thanks to this investment, the automobile manufacturer made a profit of $1 billion in 2020. The next step is, the company wants to accept Bitcoin as a payment method for its own products. The new payment option is expected to be available in the near future.
The software solutions company MicroStrategy made a $1 billion investment in Bitcoin
The business analytics and mobility platform MicroStrategy bought $1 billion worth of Bitcoin. CEO Michael Saylor said the corporation wants to continue investing in digital money. The company gained a new business focus besides analytics software: buying more Bitcoin. The new crypto investments increase awareness of the brand and give an opportunity to attract new customers. In 2021 the platform has already invested more than $4 billion in digital money, holds over 90,000 Bitcoins, and doesn't want to stop there.
Online payments platform Neteller wants to work with cryptos
The company sees the demand for Bitcoin and wants to make crypto services available to its customers. Users of Neteller can now sell, buy, and trade different cryptocurrencies, such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ethereum Classic, Tezos, and others. Besides digital currencies, there are 28 fiat currencies available on the platform and lots of different payment methods. The clients who already have a Neteller account, don’t need to go through an additional ID verification or registration. The company has already adapted the dashboard, so users will have everything they need to trade cryptos at their fingertips.
The giant price jump of Ethereum
Bitcoin is now and will remain the strongest cryptocurrency in the world. But lately, Ethereum has surprisingly grown in value a lot in 2021. In March 2020, the Ethereum price was around $115 dollars. Now, the price has reached $1,800 and is approaching the $2,000 mark. Thus, just in 1 year, Ethereum gained around 1,200%. Another area where Ethereum is leading is blockchain projects. Over $1 trillion worth of transactions were made on the Ethereum network so far. Nevertheless, it’s difficult to say now if Ethereum can be recommended as a profitable long-term investment. In any case, this rapidly growing cryptocurrency is no longer in the shadows of Bitcoin.
The Swiss private bank Bordier & Cie offers digital money now
Switzerland, as one of the most crypto-friendly countries worldwide, made a new step toward crypto trading. The Swiss private bank Bordier & Cie in collaboration with the crypto bank Sygnum enables its clients to purchase cryptocurrencies. The well-known traditional bank with a rich history is now open for crypto money. The bank clients will be able to buy the most popular cryptocurrencies like Bitcoin, Bitcoin Cash, and Ethereum in the upcoming future.
Digital money is developing at a tremendous rate and is becoming a serious player in the established financial world. More and more old-fashioned companies see this currency as a way to attract new customers. Cryptos will reshape the financial landscape very soon. It’s not easy to navigate this very dynamic world of crypto money. Don’t miss the latest news and the most important developments in the crypto world and stay tuned with monthly crypto news roundups.
