Crypto automated teller machines (ATMs) are growing in popularity, allowing holders of cryptocurrency to exchange their money for crypto tokens. One of the most recent launches is being planned for the UnionBank of Philippines, which plans to launch an ATM that provides a means to trade digital assets for Philippine Pesos.
The launch is a collaboration between the UnionBank of Philippines and Coins.ph, an e-wallet that is backed by xRapid. Chairman of UnionBank, Justo A. Ortiz, spoke recently on the deployment of these machines, stating,“We’re going to put up a Bitcoin ATM in our Ayala Ave. ARK [branch]. The machine is here already.”
Cross-border payments with Coins.ph provides a solution to cost, scalability, and even transfer time, as a result of the support from xRapid by Ripple.
Along with the use of Ripple’s XRP token, the other digital assets compatible with Coins.ph include Bitcoin, Bitcoin Cash, and Ethereum, though there could be more to come. Presently, the tech firm is the go-to place for cryptocurrency trading within the Philippines.
Coins.ph has about 5 million users right now, and they have been working for mass adoption that would essentially lead to banking services for the most remote of areas. The use of xRapid as its blockchain tech simply increases the benefits and speed.
The CEO and founder of Coins.ph, Ron Hose, had discussed the support from Ripple in an interview in August 2018. At that time, he said,“We are excited to be partnering with Ripple to bring the benefits of blockchain technology to cross-border payments, making sending money home more affordable for 10M+ overseas Filipino workers.”
The launch of their new platform came just after the Cagayan Economic Authority Zone had established their own regulations for using cryptocurrency in the area. The goal of the regulations is to improve the innovation made in the country towards expanding the cryptocurrency sector and increasing mainstream adoption of this technology. However, the rules also protect the interest of investors.
Considering that there are over 70% of adults in the country that have not been able to establish bank accounts, the support of cryptocurrency is life-changing.
With no bank account needed to participate in cryptocurrency, these unbanked citizens are no longer pushed to the side of the economy and left to their own efforts instead.
TRON (TRX) Long-Term Price Forecast- February 17
TRX/USD Long-term Trend: Ranging
Supply zone: $0.0400, $0.05000, $0.0600
Demand zone: $0.01000, $0.00800, $0.00600
Tron long-term outlook remains in a range-bond market. The bears return predicted in last week analysis remained strong within the range. The two EMAs were broken as the bears continue the downward journey.
TRXUSD dropped initially to $0.02448 and later to $0.02360 in the demand area. This was the low of the week on 14th February.
With price below the two EMAs crossover and the stochastic oscillator signal in the oversold region pointing up at 8%. It suggests a minor push to the upside before downtrend continuation within the range.
TRXUSD is in consolidation and trading between $0.02881 in the upper supply area and at $0.02142 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.
Forbes releases newsletter dedicated to crypto targeting potential investors
Forbes released new premium newsletter dedicated to cryptocurrency and blockchain.
Forbes doesn’t seem to get enough crypto. The media giant gets deeper with the nascent technology with their new service, Forbes CryptoAsset & Blockchain.
The new premium-subscription digital newsletter contains in-depth coverage of blockchain, as an effort to establish Forbes as a prominent voice in the field.
According to Media Post, investor and co-author of CryptoAssets: The Innovative Investor’s Guide to Bitcoin and Beyond, Jack Tatar has been appointed as the editor.
While the contributors will be Forbes’ stable journalists that will interview notable figures in crypto space, such as Ripple’s CTO David Schwartz, cofounder and CEO of Zcash, Zooko Wilcox, and Morgan Creek Capital’s Mark Yusko.
“This newsletter is geared toward educating potential investors in blockchain and crypto, and the goal is to provide actionable and profitable advice,” said Matt Schifrin, VP and managing editor of Money & Markets at Forbes.
Despite its premium price, which is set at $595/year or $195/quarter, Forbes’ Senior VP of consumer marketing and business development, Nina La France claimed the early response as “solid”.
Speaking about future publishing plan, Schifrin reveals that Forbes will publish its first-ever Forbes Blockchain 50 list that covers most prominent firms in the crypto space in the coming months.
Is the list something worth waiting for? Stay with Chepicap to find out.
In the meantime, checkout Chepicap’s YouTube channel to find out about the current crypto market state.
Investment portal, TradingView launches premium crypto dashboard at 0.09BTC
TradingView, the investment portal just launched its very own Crypto Dashboard.
The platform known for its exhaustive and real-time information on everything related to trading and investment, TradingView just launched its crypto specific portal.
The crypto dashboard provides data from 25+ crypto exchanges, such as Binance, Bitfinex, Bithumb, BitMEX, BittrexCEX.io and Coinfloor.
The new platform aims to “equip” crypto traders with all things important to nail the trading activities, such as 25 technical indicators on a single chart, unlimited chart layouts and watchlists, 200 server-side alerts and the capability to connect 5 devices at the same time.
The “trading power” is offered in their premium plan that costs 0.09 Bitcoin/year, which the website says as a good deal as it means the lower the Bitcoin price, the higher the discount.
However, that also means that when the bull comes, it wouldn’t be that affordable to many people. Hopefully by then, TradingView would revise their pricing for the benefits of all parties.
The question is, when will the bull come? Check out Chepicap’s YouTube channel to get an idea about the current crypto market state.