The artist distributing Bitcoin became the center of attention.
Famous #rapper #Megan #Thee #Stallion, nominated for a #Grammy #award, distributes $ 1 million in #Bitcoin (BTC) as part of the partnership program she signed with Cash App, one of the most popular payment apps in the USA . Stallion reached a serious audience by announcing that he will distribute a total of $ 1 million of BTC to his followers and fans on Twitter.
$ 1 million worth of bitcoin is distributed
Bitcoin worth $ 1 million will not be given at once or as 1 BTC. Instead, people using the #CashApp application need to enter their account information under the relevant tweet and wait for the next reward. CashApp is an app connected to #Square, directed by #Twitter CEO Jack Dorsey, and has an incredible user base in the US.
It seems that the campaign was launched on December 17 and has already received nearly 170,000 replies. Looking at the relevant post and responses, it is seen that 0.0005 BTC rewards have already been sent to many users. This corresponds to approximately 100 TL. So what exactly will this move have, other than bringing about $ 12 worth of Bitcoin to some people?
CashApp Is Important For Bitcoin Adoption
The use of Bitcoin in one of the largest payment apps in the US and announcing it by a famous artist is definitely an unprecedented development for mainstream acceptance. Although CashApp has long supported Bitcoin trading, it now appears that it can be promoted much better when the BTC price reaches $ 23,000.
In fact , the main factor that carries the Bitcoin price to these levels is seen as the good news of PayPal. PayPal has announced that it will integrate cryptocurrency payments after years of being hostile to the cryptocurrency industry.
BTC Price Rise May Continue With These Campaigns
The BTC price has also literally achieved a record high with this news. CashApp, one of the largest payment apps in the US after PayPal, could further accelerate this mainstream adoption and BTC price rise.
The influx of institutional investors to Bitcoin quickly brought the price up to $ 23,000. In the continuation of this, the individual FOMO and acceptance must continue. If both individual and corporate acceptance continue at the same rate, it is even possible that the decline seen after the rally in 2017 will not occur and the price will increase continuously.