Binance Users Can Now Pay for Crypto With Credit Cards
Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, has just made it easier for users to buy cryptocurrencies.
The exchange announced Thursday that it has partnered with Israel-based payments processing firm Simplex to enable purchases with Visa and MasterCard credit cards.
At launch, the exchange is supporting credit card purchase for bitcoin (BTC), ether (ETH), litecoin (LTC) and XRP. These can then be traded against up to 151 other tokens offered by the exchange.
“The crypto industry is still in its early stages and most of the world’s money is still in fiat, ” said Binance CEO Changpeng Zhao. “Building fiat gateways is what we need now to grow the ecosystem, increase adoption and introduce crypto to more users.” Source: Coindesk
Cryptocurrency Market Officially in Longest Bear Snooze in History – How Long Will it Last?
In the last 24 hours, the crypto market slightly recovered from $111 billion to $113 billion as Bitcoin rebounded to $3,400.
Other major crypto assets in the likes of Ripple (XRP) and Ethereum (ETH) recorded gains in the range of three to seven percent against the U.S. dollar.
Litecoin Aims to Follow Dash in Bid for Advanced Privacy
Charlie Lee recently tweeted his intentions to implement Confidential Transactions (CTs) on the Litecoin network to give consumers more privacy. Charlie is attempting to solve the Litecoin privacy issue by implementing a solution previously tried by the Bitcoin Core and Monero community by combining Borromean ring signatures, Pedersen commitment schemes, and more. CTs derive their privacy from the fact that “all inputs of a transaction can be added up, all outputs can be added up, and the two sums can be compared to ensure they’re equal ‒ all while never revealing any of the masked amounts, nor the sums”. This grants privacy without sacrificing trust in the network. However, despite the many advantages of increased privacy that CTs can bring, they also have significant downsides. Source: Dashnews