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Zeux to facilitate crypto payments, partners with IOTA

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  • Zeux will be launched at many shops, ranging from coffee shops to grocery stores.
  • The company has also introduced its own ZeuxCoin Token (ZUC).

Zeux, a payments and banking services app, has announced a collaboration with the IOTA Foundation. The collaboration will allow users to use the IOTA tokens as payment with merchants that accept Apple Pay and Samsung Pay. Zeux will be launched at hundreds of shops, ranging from coffee shops to grocery stores. 

Zeux facilitates a simpler way to pay, bank and invest by integrating all these services into one place. The company does not charge any fee for opening an account, money transfers, top-up or crypto payment commissions. For fiat and cryptocurrencies, Zeux is a digital solution providing customers with integrated investment products. David Sønstebø, founder and co-chairman of the IOTA Foundation, said:

“This partnership with Zeux will provide a significant convenience benefit for the IOTA ecosystem. We are very excited for this. Now IOTA digital currency can be used as payment with merchants that accept Apple Pay and Samsung Pay. By combining existing technology with another form of currency, this is a big step forward towards the adoption of crypto for the masses.’’

Founder and CEO of Zeux Frank Zhou believe that the collaboration will bring widespread adoption of cryptocurrency. He said:

“Zeux is very excited about partnering with the IOTA. As a distributed ledger with zero transaction fees, The Tangle is a very promising chain for us to build our customer data, Dapp. This marks another step forward in our journey. We look forward to working with IOTA and giving their customer base even more financial freedom.”

Zeux has also introduced its own ZeuxCoin Token (ZUC). The token can be used for cashback on all crypto purchases and a payment fee token for all the commissions paid by financial product providers. 

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IOTA

IOTA Price Uptrend Indication Strengthens; IOTA Trades at $0.272

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  • IOTA price exhibits high signals for the upsurge
  • Intraday trading could be profitable

The crypto market is currently dealing with volatility. The coins are also affected by the same, but alongside there has been an upsurge noted amongst them. Amidst the fluctuation, IOTA has also been performing well. There is a high possibility for the coin to deal at an astounding digit in the future.

Yesterday, IOTA was seen touching a high at $ 0.276 and a low at $ 0.268741 with a trading volume of $5,713,986. Let’s have a look at the price chart.

IOTA Price Analysis:

IOTA Price chart

IOTA started trading in the month of August month at $0.293. The price escalated to $0.299 by 2.06%. Further, the price fell to $0.216 by 27.73%. There was an improvement in the price that brought it up to $0.280 by 29.53%. The month closed at $0.248 by 15.20% regression. Next month brought escalation in price. The coin began at $0.248. Later, the price jumped to $0.318 from $0.231 by 37.36%. The price fell immediately to $0.227 by 28.60%. The month closed with a recovery of 21.81% as the price reached $0.276. The current month seems to be caught amid $0.289 and $0.269.

IOTA is showing the improvement indication from the previous month. The current month is also expected to book an upsurge, but looks like volatility of the market is affecting the momentum. As per the current statistics, IOTA has already reached near resistance level 1 at $0.272. Take a look at the support and resistance chart of IOTA.

Resistance LevelPriceSupport LevelPrice
R1$0.274776S1$ 0.266851
R2$0.279683S2$ 0.263833
R3$0.282701S3$ 0.258926

We are expecting an early uptrend in the coin. The traders interested in IOTA should opt for long-term investment to book a colossal profit.

Source.cryptonewsz.

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IOTA

IOTA Price Uptrend Indication Strengthens; IOTA Trades at $0.272

Published

on

  • IOTA price exhibits high signals for the upsurge
  • Intraday trading could be profitable

The crypto market is currently dealing with volatility. The coins are also affected by the same, but alongside there has been an upsurge noted amongst them. Amidst the fluctuation, IOTA has also been performing well. There is a high possibility for the coin to deal at an astounding digit in the future.

Yesterday, IOTA was seen touching a high at $ 0.276 and a low at $ 0.268741 with a trading volume of $5,713,986. Let’s have a look at the price chart.

IOTA Price Analysis:

IOTA Price chart

IOTA started trading in the month of August month at $0.293. The price escalated to $0.299 by 2.06%. Further, the price fell to $0.216 by 27.73%. There was an improvement in the price that brought it up to $0.280 by 29.53%. The month closed at $0.248 by 15.20% regression. Next month brought escalation in price. The coin began at $0.248. Later, the price jumped to $0.318 from $0.231 by 37.36%. The price fell immediately to $0.227 by 28.60%. The month closed with a recovery of 21.81% as the price reached $0.276. The current month seems to be caught amid $0.289 and $0.269.

IOTA is showing the improvement indication from the previous month. The current month is also expected to book an upsurge, but looks like volatility of the market is affecting the momentum. As per the current statistics, IOTA has already reached near resistance level 1 at $0.272. Take a look at the support and resistance chart of IOTA.

Resistance LevelPriceSupport LevelPrice
R1$0.274776S1$ 0.266851
R2$0.279683S2$ 0.263833
R3$0.282701S3$ 0.258926

We are expecting an early uptrend in the coin. The traders interested in IOTA should opt for long-term investment to book a colossal profit.

Source.cryptonewsz.

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IOTA

Libra could strengthen Facebook’s data ownership over its user base: IOTA Co-founder

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Facebook’s Libra continued to make the headlines this week after it was recently announced that Mark Zuckerberg was scheduled to appear and testify before a Congressional Committee on 23 October. This news comes after a host of reactions from lawmakers, regulators and entrepreneurs from all across the world. The latest to opine on Libra is the Co-founder of IOTA.

In a recent interview with Cheddar, Dominik Schiener, Co-Founder of IOTA, discussed the situation surrounding Libra, its place in the ecosystem and the IOTA ecospace.

Schiener said that over the past few years, it has been fairly evident that blockchain companies cannot flourish in the industry without the help of regulators and policymakers, shaping a proper framework. The Co-founder claimed that Libra completely neglected the regulator part at the start of development, which is why the project was currently backfiring. He stressed that regulation was instrumental for adoption as its absence would make it a difficult task for cryptos to achieve recognition.

Speaking about Zuckerberg’s testimony and contemplating the questions that may arise during the hearing, Schiener said that it was widely known that the social media giant wanted to enter the payments sector with Libra.

Facebook already has access to a massive user base and financial transaction data is considered highly sensitive in the space. Libra’s launch could possibly strengthen Facebook’s data ownership over the user base. Hence, the Co-Founder hopes that regulators look out for what Facebook’s major incentive is, before giving regulatory clearance.

Speaking about the IOTA community, Schiener said that over time, they had become more ‘aware’ of their data’s valuability. The IOTA space is currently dedicated to building an environment where data privacy, data security and data ownership hold top-most priority. He said,

“We do not want our sensitive data running around in some servers, where some hacker can easily access it.”

Source:ambcrypto

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