Square‘s Cash App has a brand new function letting clients get bitcoin again with any transaction, CoinDesk reported.
Beforehand Money App solely allowed purchasers to get U.S. forex again with their transactions, in line with the report. However bitcoin has been trending upward for the corporate and generally, with Sq. reporting $1.63 billion in bitcoin income from Money App in its third quarter earnings.
The transfer can be presumably a method for Money App to remain forward of competitor PayPal, which has additionally just lately entered the cryptocurrency enviornment. Different companies have made comparable strikes, with crypto lending agency BlockFi partnering with Visa to roll out a brand new bitcoin-backed bank card in 2021, CoinDesk reported.
In different information, Nigeria is now the No. 2 nation on this planet when it comes to bitcoins traded, in line with a report from Quartz.
The report discovered that Nigeria is the second-largest when it comes to bitcoins traded subsequent to the U.S. on main peer-to-peer market Paxful. Nigeria had traded 60,215 bitcoins, valued at $566 million. That quantity is larger than another non-U.S. market, Quartz reported.
Based on information from Coin Dance, per Quartz, bitcoin trades in Nigeria elevated round 19 p.c per yr in quantity since 2017. The best quantity of 20,504.50 was traded in 2020.
In the meantime, Scotland’s University of Glasgow is utilizing expertise from Everledger, a blockchain provenance startup, to deal with “whisky fakes” and different fraud, CoinDesk reported.
A whisky faux refers back to the perception by the Scottish Universities Environmental Research Centre (SUERC) that round 40 p.c of uncommon classic whiskeys aren’t as outdated as they’re claiming, the report acknowledged. SUERC, which is tasked with discovering methods to authenticate whiskeys, will now use Everledger’s anti-tamper bottle tags and blockchain platform to trace the whiskies.
The estimated worth of the marketplace for classic single-malt scotch whiskies, in line with the centre, was 57.7 million kilos ($78 million) as of 2018. That yr, there have been 21 bottles decided both to be faux or not distilled within the yr marketed out of 55 bottles reviewed, CoinDesk reported.
