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Wirex Pay: Revolutionizing Digital Payments With Decentralized Solutions

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Digital payment has become an essential part of our everyday lives. With the decreasing use of physical cash, many users are relying on digital payment options to settle daily bills. The drawback is that most platforms offering digital payments are heavily centralized. Some incorporate high fees and minimal incentives for users.

Wirex Pay fixes all these shortcomings by incorporating blockchain technology to facilitate on-chain money transfers across wallets. The platform’s goal is to bridge the worlds of traditional and decentralized finances.

What is Wirex Pay?

Wirex Pay is blockchain-based digital payment platform and a subsidiary of the popular UK-based digital payment company Wirex. The firm focuses on traditional financial services, enabling card issuance and processing and mandating that users undergo a Know-Your-Customer (KYC) assessment across 130 countries.

Describing itself as the first decentralized payment network, Wirex Pay harnesses Polygon’s zero-knowledge (zk) technology to establish a decentralized, gasless, and on-chain payment system. The payment platform also facilitates decentralized lending and borrowing.

The platform enables transactions through the Wirex Pay Card, a self-custodial debit card that allows users to spend their funds within the traditional economy. More than 50 million merchants accept the debit card in over 200 countries.

Wirex Pay’s operations are governed by a decentralized autonomous organization (DAO) called Wirex Pay DAO. The WPAY token is at the center of Wirex Pay’s infrastructure. Built on the Polygon network, the crypto asset serves as the lifeblood of the Wirex Pay DAO.

What is WPAY?

WPAY is the governance token for the Wirex Pay network. Holders of the digital token can participate in the platform’s DAO, voting on proposals and other decision-making actions. Users can also stake their tokens for rewards and operating nodes. The digital asset is also used to facilitate transactions and ensure the community retains control over the platform’s activities.

Node operators were the first to receive WPAY due to their crucial roles in boosting the network’s decentralization and security.

Emphasizing how WPAY plays a key role within the payments ecosystem, Wirex Pay co-founder Pavel Matveev said:

“WPAY represents a key step in building the future of payments. Through Wirex Pay, we’re offering a unique opportunity for users to engage with the crypto world in a practical and secure way, ensuring that digital currencies are not just speculative assets, but usable in everyday life.”

The WPAY token should not be confused with WXT, Wirex’s utility token. The WXT token enables fee discounts and access to premium features on Wirex. Holders also benefit from rewards open to the WXT community.

Although WPAY and WXT holders enjoy some similar benefits, they operate in different ecosystems. Unlike WXT, WPAY gives holders governance rights over the affairs of the Wirex Pay activities.

WPAY has yet to be launched on crypto platforms at the time of this writing. Interestingly, the token will debut on the crypto exchange Gate.io on October 8 at 12 PM UTC.

WPAY Tokenomics

WPAY has a total supply of 10 billion tokens developed under the ERC-20 token standard. Here is a breakdown of how the tokens will be distributed to users:

  • Point-based airdrops: Early Wirex Pay users will be rewarded with 5% of the total supply (500 million tokens).
  • veWPAY Rewards: Users who staked their tokens will be rewarded 12.86% of the supply (1.286 billion tokens).
  • Liquidity: 4% of the total supply (400 million tokens) will be allocated for exchange listings and market-making operations.
  • Treasury: 38.14% of the asset’s supply (3.814 billion tokens) is allocated to the Wirex Pay DAO for the network’s development and maintenance.
  • Node Rewards: 20% of the supply (2 billion tokens) will be distributed to node operators.
  • Team: 20% of WPAY’s supply (2 billion tokens) goes to the platform’s founding members and employees.

Following WPAY’s listing on October 8, the development team has a strategy to ensure the sustainability of the governance token. A significant portion of the token’s supply will be vested for many months and released in bits. The network’s staking capability also encourages users to hold their tokens, preventing users from selling off their WPAY holdings.

Conclusion

WPAY’s establishment as the lifeblood of the Wirex Pay DAO has shown the platform’s determination to bring the most utility to its community. Wirex Pay aims to onboard the next billion users seeking to explore blockchain payment services, WPAY’s listing on October 8 marks the beginning of the token’s journey into the blockchain scene. Looking forward, the platform seeks to secure a listing on other prominent crypto exchanges aside from Gate.io.

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Analysts Post Thrilling Bitcoin Price Predictions for 2025: Where’s the Top?

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The little orange cryptocurrency was one of several digital assets in this segment that walloped 2024 gains from investing in US stocks like those in the S&P 500 Index or Nasdaq Composite.

Others, like Ripple’s XRP tokens for international settlements between large institutions, performed even better than Bitcoin. XRP was up 247% by Christmas Day in December. It notched 271% for the entire year on Wednesday.

But here’s how some leading crypto market analysts expect Bitcoin’s price to carry through some point over the 2025 calendar year.

For a basis of reference, Bitcoin traded at an average crypto exchange rate of $94,700 Wednesday evening US Eastern Time, according to data from CoinGecko.

Bitcoin Price Predictions: $80,000 – $160,000

Peter Brandt: $78,000

Brandt made a prediction on Sunday, Dec. 29, targeting a big drop in Bitcoin’s price to the $78,000 level, based on a 45-day head and shoulders top pattern.

If he’s right, BTC will have to take one step back before it advances toward the more bullish price targets for 2025. But Brandt also cautioned in the comment thread on his post, “Charts do NOT predict anything. Charts merely suggest possibilities.”

The famous stock chart technical analyst is bullish for XRP in 2025, but his outlook for Bitcoin’s price is bearish.

CoinShares: $80,000

European crypto hedge fund CoinShares’ head of research, James Butterfill, recently told CNBC that $150,000 BTC is possible in 2025. But he said a bearish correction to $80,000 is also on the cards.

“Disappointment surrounding Trump’s proposed crypto policies and doubts about their enactment could prompt a significant market correction,” Butterfill warned.

Bullish 2025 BTC Targets: $160,000 – $250,000

Standard Chartered: $200,000

British multinational bank Standard Chartered’s research head Geoff Kendrick says his office is targeting $200,000 BTC in 2025. He added that the entry of the United States government into the Bitcoin race is likely to fuel that rally.

“Even a small allocation of the USD 40tn in US retirement funds would significantly boost BTC prices,” Kendrick noted.

“We would turn even more bullish if BTC saw more rapid uptake by US retirement funds, global sovereign wealth funds (SWFs), or a potential US strategic reserve fund.”

Nexo: $250,000

Swiss-based crypto fund manager Nexo’s chief product officer, Elitsa Taskova, told CNBC, “We see Bitcoin more than doubling to $250,000 within a year.”

She points to ongoing trends in adoption by institutional finance and social indicators for the bullish outlook in 2025.

“These projections align with ongoing trends and social markers: increasing recognition of Bitcoin as a reserve asset, more Bitcoin and crypto-related exchange-traded products (ETPs), and stronger adoption,” Taskova said.

Bottom Line for Investors

Like stocks, cryptocurrency assets are held at risk. But for more than a decade, Bitcoin has delivered world-class returns during bull markets. That means it’s possible for a small allocation to BTC can substantially speed individual investment portfolios toward reaching personal finance goals.

Nevertheless, investors should do their own research before allocating funds into any asset, no matter its returns over the past year or two.

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From $2 to $11: Popular Analyst Maps Out Ripple’s (XRP) Next Big Move

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TL:DR;

  • XRP rebounded from its most recent price slip below $2, but the asset might not be out of the woods yet.
  • However, a popular crypto analyst suggested that a potential decline toward that level again could be beneficial for XRP’s long-term price movements.
XRPUSD. Source: TradingView
XRPUSD. Source: TradingView

Ripple’s cross-border token went on a massive run after the US elections, skyrocketing by triple digits at one point and peaking close to $3. All of these gains came in the span of a few weeks, but the asset lost momentum at the start of December.

It tumbled hard on several occasions in the following weeks, with the latest decline to under $2 transpiring last Monday – December 30. This came during the most recent market-wide correction.

However, the popular crypto asset reacted well to this decline and shot up by over 20% since then, currently sitting at around $2.45. Consequently, XRP has regained its spot as the third-largest cryptocurrency by market cap by surpassing Tether’s USDT.

According to analyst Ali Martinez, XRP still stands below a steep resistance level of $2.73, which has stopped its price ascent on a couple of occasions during this rally. If the asset fails to overcome it soon, it could slump back to $2.05.

However, Martinez actually believes that such a scenario could be a blessing in disguise for XRP, which could catapult it toward a fresh all-time high above $3.4 (CoinGecko data) and all the way up to $11.

It’s safe to say that $11 sounds quite extraordinary for XRP. Such a price tag would put the asset’s market cap at well over $600 billion, which would help it top Ethereum in that regard. Although this might sound plausible under a friendlier Trump administration, it’s still a long way away and falls under the category of exaggerated price predictions.

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2 Strong Indicators US Investors Are Flocking Back to Bitcoin

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The landscape around bitcoin after the last FOMC meeting for 2024 in the US turned upside down, with local investors pulling funds out of the ETFs and the Coinbase Premium Index declining to yearly lows.

However, on-chain data shows that US investors are back on the BTC front, with massive accumulations.

ETFs Demand Returns

During the aforementioned meeting at the highest levels in the US central bank, Fed Chair Jerome Powell warned that there might be fewer or even no rate cuts in 2025 due to rising inflation. US investors reacted immediately and started pulling funds out of riskier assets like BTC and crypto.

Within the next four trading days, they withdrew more than $1.5 billion out of the US-based Bitcoin exchange-traded funds. December 26 was the only day well in the green, as December 27, 30, and January 2 saw more net outflows. Even BlackRock’s IBIT, the world’s largest Bitcoin ETF, was posting negative records.

However, this changed on Friday, January 3. The total net inflows for the day shot up to $908.1 million, according to FarSide data. IBIT was actually second with $253.1 million, trailing behind Fidelity’s FBTC with $357 million. Ark Invest’s ARKB also had a strong presence, attracting $222.6 million. This became the best day in terms of net inflows since November 21.

Coinbase Premium Index

The other metric that showcases US investors’ overall behavior toward bitcoin and crypto is the Coinbase Premium Index, which measures the BTC price difference between Coinbase and Binance. When it shoots up into positive territory, this means that US-based investors are accumulating heavily, and vice versa.

The metric recently plunged to a yearly low, as reported, which coincided with the growing ETF outflows after the FOMC meeting. Now, though, CryptoQuant data shows that it has returned to neutral territory almost immediately after posting that low. This shows that “sentiment by the US and institutional investors is back.”

Bitcoin Coinbase Premium Index. Source: CryptoQuant
Bitcoin Coinbase Premium Index. Source: CryptoQuant
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