Coinbase Enables Paypal Withdrawals

One of the biggest U.S-based crypto exchange has recently introduced a new way of withdrawing funds from its exchange into fiat.

According to a published announcement, Coinbase has introduced withdrawals using online payment system Paypal.

The said new withdrawal option will not carry additional fees for the users.

However this services is currently only open to U.S. customers with other jurisdictions to follow next year.

This is not the first time Coinbase and Paypal integrated. Back in 2016 Paypal and Coinbase has already integrated but has since then terminated the partnership due to technical difficulties at that time.

Back then users of Coinbase can sell supported cryptocurrencies into fiat and have the fiat equivalent of the sale deposited to their account in Paypal.

It seems that Paypal as an organization is warming up to doing business with cryptocurrencies even if its former CEO describes the new asset class as worthless. In March Paypay has submitted a Patent application describing a system for speeding up cryptocurrency payments.

Dubbed as the Expedited Virtual Currency Transaction System, it uses secondary private keys to speed up transaction on the blockchain.

Tron Is Fast becoming The most Used Blockchain In Terms Of No. Of Daily Transaction

Justin Sun, the founder of TRON has recently touted on twitter another feature the Tron network was able to accomplish.

This time stating that the network has recently broken two records, number of transactions per day and the rate by which Tron addresses are being created.

He reveals that the network has reach more than 2.53 million daily transactions and was able to achieve 32,284 addresses new Tron addresses.

He seems to be also suggesting that this is the result of Ehereum and EOS developers migrating their project to Tron.

The tweet comes after Tron Foundation has announced that it is creating a fund that will help rescue developers from the collapse of their platform.

While it has been said that the Tron was developed in cheaper standards it has performed faster and on higher volumes comparing to leading platforms.

Only time will tell if this sort of momentum can be sustained by the Tron community but how it stands the Tron community is one of the projects that is thriving in the face of highly bearish sentiments in the whole crypto market even turning the dismal conditions to its advantage by luring in projects from other platforms.

First Batch Of Blockchain Released By Binance Labs

According to a recent press release, the research wing of Binance, one of the largest exchange in the world in terms of transaction volume has released its first batch of blockchain related project.

These programs came from their Incubation program which selected 8 projects from over 500 projects applications. Each of these programs were given $500,000 USD to help them fund their program.

Binance labs was formed by Binance to help new blockchain projects, digital asset projects and entrepreneurs with their initiative through the use of direct investments and technical assistance.

The Binance labs Incubation program is an onsite program that was launched last August of this year.

The projects that was granted funding and initial support were hardware wallet SafePal, friction-less logins for decentralized apps Torus, Internet Security Nym and market prediction startup Deuz.

Aside from what has been already mentioned Binance invested millions of dollars in decentralized digital content ecosystem Contentos which seeks to develop a decentralized digital content ecosystem.

Mass Adoption For Blockchain Payments 3-5 years Away

Stephen Pair has recently stated in an interview with CNBC that he sees the price of Bitcoin (BTC) being driven by the speculation of its future adoption more so than its actual utility.

Pair is the current CEO of crypto merchant platform BitPay.

On the same interview Pair was asked what his sentiments on the possible issuance of a Bitcoin ETF and how it will affect current market conditions.

He states that it is not only ETF will serve as a catalyst for a more positive price movement but mass adoption will push the prices higher

He also added that he sees blockchain–based currencies being use on a daily basis 3-5 years from now.

He reveals that he used to think that that would only happen after a decade or so but now considering how things are going he speculates that in just a few years consumers will expect every store to be able to accept a blockchain payment.

Ripple Partners With GMT, Israels Largest Financial Services Firm

The current market down turn has not slowed down Ripple in adding new partners and increasing adoption.

According to new reports Ripple was able to get the largest financial service firm in Israel, GMT.

It is the leading financial services firm in the country with 250 branches across the country specializing in local and international remittance services, insurance, forex, prepaid exchange and other financial services for residents and foreign workers.

The GMT team has expressed satisfaction with the use of Ripple Technology which they said should be emulated by other fintechs that operate in the region.

They also said that joining the likes of MoneyGram, AmericanExpress, CIBC, Earthport, Akbank and other respectable firms that are in the forefront of financial technology.

Akbank is one of the most important banks in Turkey and has recently started money transfer operations using Ripple Technology.

xRapid is the technology being used by Ripple partners, this technology uses XRP cryptocurrency to offer on-demand liquidity for real-time payments.

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