Mastercard Rolls Out Crypto Credential for P2P Transactions | Key Points | May 31, 2024 | BitPinas

Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. Let’s check the latest crypto news stories in the last 24 hours.

Market Analysis and Updates 📈

Crypto Price Update

Stay informed with the latest market trends and price movements. Here are the crypto price highlights of the day:

• Bitcoin (BTC): $68,486.55, up 0.6% over the last 24 hours.
• Ethereum (ETH): $3,7578.70, down 0.7% over the last 24 hours.
• Solana (SOL): $166.96, down 1.7% vs the previous day.

Trending Coins Update

• Super Trump (STRUMP): $0.012 down 28.6%
• Brett (BRETT): $0.091, down 0.6%
• DOG (DOG): $0.008, up 19.5%

For the daily price update check out our post on Facebook.

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Feature News: Mastercard Rolls Out Crypto Credential for P2P Transactions

New crypto initiative from the payment network!

The Crypto Credential aims to provide a standardized framework for verifying the identity of users and the legitimacy of transactions. This helps in reducing fraud and increasing trust in the crypto ecosystem.

Why does it matter?

• At the onset, a traditional financial brand doing anything related to crypto is a plus for the industry.
• It signals that the crypto industry is becoming more mature and could attract more institutions and mainstream users.
• It will have a significant market impact. (Please check the next section.)

What’s next? Wider rollout soon

• A select group of crypto wallet users is set to leverage Mastercard’s new Crypto Credential initiative.
• Initial access to the Mastercard Crypto Credential will be granted on a first-come, first-serve basis.
• Mastercard plans to expand the availability of this credential to over 7 million users in the coming months.

Interoperability and why partnerships

• The initiative promotes interoperability between different crypto platforms and traditional financial systems, making it easier for users to interact with various services seamlessly.
• Particularly, it involves collaboration with multiple crypto exchanges, enabling them to integrate the credential into their platforms to enhance security and user trust.

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Local News: IX Swap organizes Tokenization Manila

As per IX Swap:

The event brought together experts in the Philippine blockchain industry, including Nichel Gaba (CEO, PDAX), Tracy Li (AVP, Emerging Technologies Lead), Christopher Verceles (CEO, XCLabs), and Pat Zulueta (Growth Advisor, XCLabs).

🎉Tokenization Manila | 2024

We at IX Swap are immensely grateful for the opportunity to launch Tokenization Manila | 2024

A heartfelt thank you to PDAX for sponsoring the event venue with their beautiful office and co-hosting a phenomenal event.

The event brought together… pic.twitter.com/NiW53B5skO

— IX Swap (@IxSwap) May 30, 2024

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More CryptoPH Updates 🇵🇭

• YGG held an AMA hosted by co-founder Gabby Dizon and Playfix Head of Content Joey Alarilla. Michael Mislos of BitPinas and Bernie Bilotta of Stables Money.

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Educational Corner 🎓

Check out our guides to get started into crypto and web3:

BitPinas has hundreds of resources dating to September 2017. We are eager to highlight them above today and in future newsletters.

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Regulation Watch 📜

Stay informed about the latest regulatory updates and what they mean for you:

• The Nigerian Senate Committee on Capital Markets has called for the regulation of cryptocurrency to boost the local currency, arguing that unclear crypto policies are detrimental.
• NYSE President Lynn Martin stated that the New York Stock Exchange would consider offering cryptocurrency trading if regulatory clarity improved.
• Hong Kong’s Securities and Futures Commission (SFC) has reminded crypto trading platforms to obtain a license before the grace period ends on June 1.

For more crypto regulation news and updates, check out our Policy section on BitPinas.

Community Spotlight 🔦

Meet the Community: Featuring local influencers, organization, and key people in the industry.

Today, we look back at the recently held meetup: CryptoPH Conversations co-organized by BitPinas and GCash Exec Luis Buenaventura, and co-presented by BitShares Labs.

Here’s an article that recap what happened behind the scenes (with lots of food photos!). Here’s another article discussing the contents of the panel discussion during the meetup.

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More Web3 and AI News 💡

Discover the latest in web3 and AI innovation.

• Maple Finance has introduced its Syrup platform and rewards token.
• Blocksquare, a real estate tokenization protocol, tokenized $100 million worth of properties across various sectors, including hotels and healthcare facilities, in over 21 countries.
• Comelec Chairman George Garcia has proposed banning the use of AI and deepfakes during campaign periods.
• Cyberscammers are exploiting AI and search engine optimization to manipulate Google search results.

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Web3 Gaming Section 🎮

The future of web3 is gaming, and here are the latest news.

• Spielworks, a web3 gaming ecosystem with over 7 million users, acquired Chainmonsters, a cross-platform web3 monster-taming MMORPG.
• KuCoin Ventures has announced a strategic investment in FantaGoal, a Web3 football gaming platform.
• PlayAI has secured $4.3 million in seed funding to expand its team and enhance its AI-powered gaming platform
• AI gaming platform Anomaly has raised $1.45 million in funding led by Decasonic, increasing its valuation to $11.4 million.

Event Announcements 📅

Don’t Miss Out: Upcoming events, webinars, and meetups in the crypto space.

For more events and registration details, visit our Events Page.

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Noteworthy 🌟

Key updates and announcements from around the crypto and blockchain world:

• A federal judge has ordered the SEC to pay over $1.8 million in attorney fees and costs in its case against Digital Licensing (Debt Box) due to bad faith conduct.
• A recent survey by Grayscale reveals that 44% of US voters without cryptocurrency holdings are waiting for clearer regulations before investing

Catch up on these stories and more on our News Section.

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Stay Connected:

We’d love to hear from you! Reply with your thoughts or questions.

This article is published on BitPinas: Mastercard Rolls Out Crypto Credential for P2P Transactions | Key Points | May 31, 2024

Disclaimer:

• Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
• BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.

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• Source: https://bitpinas.com/feature/key-points-may-31-2024/