Mastercard outlines its new strategy with 3 main focused points in order to aid the constantly growing cryptocurrency community. The payments company discussed at its investor’s conference day its 3-pronged plan concerning services, network access and security. Their plan for “crypto enablement” will encompass purchasing, spending, cashing out, security, identity services, network access and more involving the use of cryptocurrencies. Mastercard’s executives at a senior level are confident the crypto payment flows, including remittances, traditional finance and decentralized finance will be in the future representation for the company. If more credit card companies will follow Mastercard’s example we might see ushered a new age in terms of how payments are handled in terms of availability and ease of use for people of all walks of life and from anywhere in the world.
Trading crypto during the day keeps young Indians busy at night
With cryptocurrencies such as Bitcoin, Ethereum, Doge, Shiba Inu and Solana reaching all-time high values, there has also been an exponential increase in traders as market watchers confirm. One such example is techie Anish Gupta, a 27 years old coder who, every night at around 7 PM, turns from his company laptop to his personal one in order to exploit possible trading opportunities in an ever-increasing market. Gupta, who works for an outsourcing firm in Gurgaon largely trades in Bitcoin, Ethereum and Tron and is one of the growing numbers of small investors who got into cryptocurrency mining and trading to supplement their income or even earn more than they did at their actual jobs. Either mining or investing and/or trading, crypto is proving to be an interest holder for many people and as we can see with this example, the age of people that are becoming interested is going down. It is seen as a good possible career path for many youngsters and they are not wrong in considering it so.
Reddit joins the excitement
Reddit co-founder has recently announced that he will be investing as much as €86 million euros in social media on Solana blockchain. The venture firm of US investor Alexis Ohanian, co-founder of social media site Reddit, has teamed up with the venture arm of the Solana Labs blockchain for a $100 million (€86 million) investment initiative in decentralized social projects. Solana products and funds have attracted $154 million (€132 million) in investor money so far this year, the third-largest individual asset-focused investments behind bitcoin and Ethereum, according to data from digital asset manager CoinShares. According to Statista, social media advertising generated $153.7 billion (€132 billion) in worldwide revenue in 2021. With big names in any industry advertising their interest, support, investment or simple curiosity when it comes to any cryptocurrency, the crypto community is bound to profit from this and surge even further beyond our expectations.