Bitcoin fell Tuesday, following stocks lower after the August consumer price index report came in higher than expected.
The cryptocurrency slid 9.66% on Tuesday, falling to $20,249.8 per coin at 4:00 p.m. ET according to Coin Metrics. It was bitcoin’s worst day since June 18.
The declining price is a reversal of earlier gains. Bitcoin had hit a one-month high of $22,764.49 Tuesday morning before falling, according to Coin Metrics.
The rally, which brought the digital asset back above the key psychological $20,000 level last week, was spurred by softening of the U.S. dollar ahead of Tuesday’s inflation report, which was expected to show that inflation had cooled off. A much-anticipated network update for Ethereum also boosted the digital coin’s price.
But August CPI data showed that inflation rose month over month even as gas prices slipped. The U.S. dollar jumped, and stocks sold off sharply as Wall Street anticipates more aggressive interest rate hikes from the Federal Reserve.
As rates surge, investors sought to shed risky assets like cryptocurrencies.
Ether, the token that runs on Ethereum, also slipped more than 6% on Tuesday ahead of the much-anticipated Merge, expected to take place sometime between Sept. 13-15. During the merge, Ethereum will switch from a proof-of-work model to one that uses proof-of-stake.
The move will help make Ethereum more energy efficient and secure. It should also help draw new investors to the cryptocurrency, which has the second-largest market cap after bitcoin.
Still, it’s not clear when exactly the Merge will happen. It may also take more than the three days investors are currently watching.
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Singapore, September. 12, 2022 — The world’s first open-source, fully decentralized role-playing game, Nine Chronicles, developed by Planetarium Labs, has launched a new nonfungible token (NFT) project, Decentralized Cat (D:CC). The minting of the profile pictures (PFPs) will be on September 21st. The NFT project unlocks exclusive features to owners, including rewards, benefits, special in-game items and an invitation to alter their identity within the Nine Chronicles multiverse.
Nine Chronicles is a fully decentralized RPG powered by the players, based on Norse mythology, and the first game to be developed by Planetarium’s serverless Libplanet network library. After receiving funding from industry leaders, such as Animoca Brands, Nine Chronicles is ready to expand its products to support the players and the community further.
The art is produced by Sangmi Seon, Art Director and NFT project Creative Director of Nine Chronicles with over 11 years of experience leading art direction for Asia’s top game companies. The newly revealed NFTs are garnering attention thanks to the exceptional quality of the art.
With extreme detailing, the PFPs tie in with the theme of the cat character in Nine Chronicles and their new concept of the D:CC. The story centers around a secretive religion serving the character of Cosmic Cat God the Great, who decentralized itself and sent avatars to the Nine Chronicles universe. Owning a D:CC-issued PFP will welcome you into a clandestine society with the eternal blessings from the Cat.
The D:CC NFT collection will have a total supply of 4,000 unique NFTs, 2,800 of which will go to users who have been accepted into the Pionyan Program by Nine Chronicles, with 200 to be allocated for the internal team.
The first and second presales will be done with Wrapped Nine Chronicles Gold (WNCG).
WNCG is a 1:1 NCG-backed ERC-20 token that offers the power of NCG with the flexibility of an ERC-20 token. WNCG is available on various exchanges, such as OKX, KuCoin, MEXC Global, Balancer, SushiSwap and Bitfinex.
The Pionyan Program allows users who hold a minimum of 1,000 WNCG in their wallets to go directly into the Allowlist for the mint. The first presale will enable users from the Allowlist to mint one NFT each for 999 WNCG. The second presale will include users from the Pionyan Program who are in both the Allowlist and Waitlist to mint the NFT competitively. The raffle for the Pionyan Program begins on September 17, with the raffle winners being announced on September 19.
The mint for D:CC begins on September 21, with the winners from the raffle given priority to the mint before it opens to the public.
The PFP is not just a regular profile picture — it will allow users to have access to additional and exclusive cryptocurrencies, vote on future collaborations and more in the expansive Nine Chronicles world.
Planetarium Labs launching its own NFT collection is only one of many future steps it is taking to constantly grow its economy.
For more information: https://dcc.nine-chronicles.com
About Nine Chronicles
Nine Chronicles is a decentralized, open-source, free-to-play MMORPG based on Norse mythology and the first title to be developed with Libplanet. Nine Chronicles is run on a peer-to-peer network of players without requiring any centralized server to host. The entire game, from crafting an item to complex battles, takes place fully on-chain. Nine Chronicles is governed by its community and supported by a complex economy where supply and demand are the greatest currencies.
To learn more about Nine Chronicles, visit Nine Chronicles’ Twitter, Discord and Medium.
About Planetarium Labs
Planetarium Labs is a community-driven Web3 game company that believes that communities can create infinite possibilities through decentralized innovations and strives to empower massively multiplayer online games with creative freedom and player governance. The company recently raised $32 million in a Series A funding round led by Animoca Brands. Planetarium Labs is partnered with the industry’s leading companies, including Binance, Ubisoft, The Sandbox, WeMade, Hashed, Sfermion, IDEO CoLab, XLGames and Samsung Next.
Paris, France, 14th September, 2022, Chainwire
Contentos, a content-focused Web3 project with more than a million active creators, will be participating in Binance Blockchain Week Paris 2022. Optimistic about Europe’s high acceptance of NFTs and blockchain applications, Contentos plans to expand into the European market.
In addition to this news, Contentos Foundation Co-Founder & CEO, Mick Tsai revealed that in the near future, certified creators will be able to issue ‘Soulbound Tokens’ on the Contentos Mainnet and on COS.TV, Web3 video distribution and digital assets management platform, to provide an extensive Web3 experience for content creators.
Invested by Binance Labs, Contentos Foundation focuses on building the infrastructure of the Web3 content economy via COS.TV, which has a huge community of creators and users from Latin America and Southeast Asia, and has strategic partners such as Dailymotion, a well-known French video-sharing technology platform.
COS.TV has also recently partnered with Binance Connect, enabling the purchase of COS tokens using fiat such as Euros within the platform using credit cards, simplifying the fiat-crypto conversion process and making it easier for fans to support their favourite creators.
Before the NFT and Metaverse craze, Contentos Foundation focused on building an extensive digital collectibles environment for its pioneering creator community by supporting DeFi. In 2021, plans for the COS.SPACE Metaverse was announced, and privileges were granted to Contentos ecosystem builders, with holders enjoying privileges such as exclusive NFT collections, and the ability to use COS.TV NFT Profile Pictures, VEST lending and pledge rewards, and COS.SPACE mining rights.
Mick expressed: “As Instagram’s digital collectible display function gradually extends to the public, we are witnessing the rise of decentralisation as individuals are no longer bound by centralised platforms. Regardless of the platform or game, an established identity, along with its assets, is free to be transferred and verified in Web3.”
Following this trend, COS.TV has developed functions to display digital collections on personal accounts, paid Pay-per-View subscriptions for exclusive audio and video using crypto, one-stop NFT creation and publication on OpenSea for video and audio content, and content creator gifting functions.
Contentos Foundation Vice President of Marketing, Ava Wen, further mentioned “Europe leads the world in diversity and inclusivity, and these characteristics are the core of decentralisation. Contentos looks forward to collaborating with creators who are as passionate about the Web3 content economy as we are.”
About Contentos
The vision of Contentos is to build a decentralized digital content community that allows content to be freely produced, distributed, rewarded and traded, while protecting author rights. Contentos strives to incentivize content creation and global diversity and return the rights and value of content to users. A decentralized video platform, COS.TV is built on top of the Contentos mainnet, which now serves over 1 million global users monthly around the world. Creators can earn not just block rewards with their videos but can also receive direct support from fans via watching ads or sending Gifting Votes. These revenue models generate profit for creators and the COS.TV platforms are just like ads on YouTube today. In 2022, Contentos released a roadmap to build a metaverse around content creation and consumption. Starting with COS.SPACE “virtual real estate”, Contentos’ metaverse will be a place where COS.TV users can create their virtual home experience.
For more information about Contentos, visit:
Twitter | Telegram | Medium
Contacts
VP Marketing
- Ava Wen
- Contentos
- service@contentos.io
San Diego, United States / California, 13th September, 2022, Chainwire
Coygo Forge, a powerful platform and framework for coding custom crypto trading bots using JavaScript, is hosting an incentivized hackathon. Teams or individuals that successfully submit their own trading bot during the event could win $100 of ETH or BTC. Participants are welcome to enter multiple submissions and could win more than once.
The Coygo Forge Hackathon 2022 is designed for novices as well as experienced developers. Video guides, extensive code documentation, and a number of working code examples are all provided to assist participants in coding their own trading bot.
Every participant also gets a month’s subscription to Coygo so there is no cost to participate. Coygo Forge is the underlying engine powering the Coygo Bots trading bots platform, It’s available within the Coygo Terminal desktop application.
About Coygo Forge
Coygo Forge is a platform for creating custom crypto trading bots with a focus on real-time and high-frequency trading strategies. It’s the perfect tool for automating trades that benefit from access to real-time order book data and the ability to react to market changes in seconds or even milliseconds.
Forge is particularly suited to strategies like arbitrage or scalping, with the Coygo Forge team having built a number of example bots already including triangular arbitrage and grid trading. Forge is not built for indicator-based trading strategies or strategies that need to execute at intervals longer than five minutes.
How to participate in the hackathon
To qualify for a hackathon prize, submissions must focus on either real-time trading strategies that benefit from live order book data (arbitrage, market maker, etc) or that work on intervals of five minutes or shorter (grid trading, etc). Coygo has provided a number of examples and ideas of what participants could build if they’re not sure where to start.
For teams that get stuck or require further guidance, Coygo has a private Reddit community at https://reddit.com/r/CoygoForge/ where they can reach out to the Coygo team and collaborate with others. All submissions will be made through the Reddit community. Contestants and winners will get a special badge in the Forge Community on Reddit as well.
Winners will be announced shortly after the submission deadline of October 20, 2022.
Learn more: https://coygo.app/coygo-forge-hackathon-2022.html
Contacts
CEO
- Evan Francis
- Coygo, Inc.
- evan@coygo.co
- 6193631674
Geneva, Switzerland, 13th September, 2022, Chainwire
Blockchain.com has listed TRON’s native utility token TRX on its platform. Multiple incentive programs will be featured, including one that allows users to earn up to 8% in annual rewards for users who hold their TRX in a Blockchain.com Rewards Account.
TRX is available to send, receive, buy, sell, swap, and earn rewards in the Blockchain.com Wallet and to deposit, trade, and withdraw on the Blockchain.com Exchange, making TRX more accessible for people to use worldwide. With this addition, Blockchain.com is striving to grow the Web3 landscape by attracting more notable layer-1 public blockchains.
Blockchain.com is one of the original cryptocurrency companies that began as the first Bitcoin blockchain explorer in 2011 and later created a cryptocurrency wallet and exchange. In addition to its consumer offerings, they provide a one-stop shop for institutional clients that includes OTC trading, custody, and lending capabilities. With its robust balance sheet, technology, and market expertise, they partner with institutional clients to create bespoke solutions tailored to specific objectives. The oldest crypto platform has a track record of helping increase liquidity for newly listed tokens as it becomes available to millions of users.
Over 37 million verified users worldwide and 84 million wallet holders use Blockchain.com products, opening up exposure to TRX among a large community of users. There are millions of dollars worth of volume each day on the platform and multiple different features, including Rewards Accounts where users who hold their TRX with Blockchain.com will be able to earn up to 8% in annual rewards.
TRX is a TRC-20 utility token that enables the authority of the TRON protocol and its dApp ecosystem. TRON strives to become a framework for the decentralized web. By providing users with fast and low-cost transactions, its network is optimized for speed and scalability. As the mainnet native token of TRON, TRX is used to power smart contracts, pay transaction fees, and serve as a unit of account across the TRON ecosystem.
The listing of TRX on Blockchain.com and on other major platforms has been a common theme for TRON DAO throughout the year. Staking rewards, enhanced liquidity, and widened user reach have all helped expand the TRON ecosystem into becoming much more mainstream.
The efficient delegated proof-of-stake consensus mechanism and its wide range of utilities for business and developers to build on its network have helped TRON become one of the largest public chains in the world, with 2,000 TPS, over 110 million accounts, and more than 3.8 billion transactions. This latest listing makes TRX more attainable for the public to utilize on TRON dApps to further grow the ecosystem.
About TRON DAO
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users.
The TRON network has gained incredible traction in recent years. As of August 2022, it has over 110 million total user accounts on the blockchain, more than 3.8 billion total transactions, and over $13.2 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021.
The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.
TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum
Contacts
- Feroz Lakhani
- press@tron.network
Investors are barreling towards a catastrophic market collapse, and should buy cryptocurrencies before they usurp the US dollar and transform the entire financial system, Robert Kiyosaki told his followers in an email on Sunday.
“I predict the biggest crash in world history is coming,” the “Rich Dad Poor Dad” author and personal-finance guru told subscribers to the “Rich Dad Community” mailing list.
Kiyosaki forecasted a lengthy downturn, but reiterated his view that bear markets are the best times for investors to snag bargains and score outsized returns. He also asserted the US dollar would crash the existing economic system, leading to mainstream acceptance of crypto, as it isn’t controlled by the government.
“It’s not enough to WANT to get into crypto,” he said. “Now is the time you NEED to get into crypto, before the biggest economic crash in history.”
However, Kiyosaki dismissed the most popular crypto as worthless on his radio show in May. “I trade bitcoin. But I don’t think it has any value. I just play the game.”
Moreover, bitcoin and other digital coins have tumbled alongside stocks and other risk assets this year, suggesting many crypto fans aren’t fully convinced they’ll revolutionize global finance.
Kiyosaki has repeatedly warned of a sprawling bubble in asset prices, and cautioned it would end with a painful pop. He tweeted on August 30 that the crash was underway, pointing to the sliding prices of stocks, bitcoin, gold, silver, and real estate.
The doomsayer also issued some offbeat advice in June for investors looking to beat inflation. He recommended stockpiling canned goods such as tuna and baked beans, along with household goods including trash bags and toilet paper, to get ahead of price increases.
With the support of Near Hacks, SupermoonX will bring 20 founders and builders on the Near protocol together at a private residence to discuss innovations and the latest developments within the Near ecosystem. This special edition camp will take place from Sept. 11 to 15 in Lisbon, Portugal.
Connecting the greatest minds in Web3 at Near House for a SupermoonX curated experience during Nearcon. Kicking off with the opening ceremony, Near House will continue with fireside chats, interviews and project discussions. All guests will be invited to talk about their companies and emerging trends in the Web3 and the crypto space.
Near Hacks runs hacker houses and hackathons to promote Near-native project development in the United States. Builders on Near can expect curated spaces to collaborate and learn, scaling their projects from MVP to seed and beyond.
Near Hacks is operated by Banyan Collective, a grant recipient of the Near Foundation with the goal of providing Ecosystem-as-a-Service to Near-native projects and businesses. Learn more about Near Hacks’ upcoming U.S. tour here.
Powered by the Supermoon Camp team, SupermoonX organizes special events with elevated networking experiences for talented professionals, founders and builders from different ecosystems with a mission to foster innovations and decentralization.
September 13, 2022, marks the date of an unprecedented Learn&Earn campaign led by a recent Web3 Unicorn Unstoppable Domains and a leading global crypto educator BitDegree.
Companies join forces to distribute up to $50 million worth of NFT domains to all students who complete any Web3-related course on the BitDegree platform.
“BitDegree and Unstoppable Domains have agreed to reward people who invest their time learning about crypto and Web3, incentivizing them to learn more and attracting newcomers to Web3 through learning. Web3 adoption will happen faster if we make the crypto community deepen its knowledge. So, we have decided to launch a massive campaign to capture the world’s attention – which we believe is the biggest Learn&Earn campaign in the history of crypto. In particular, we want our students to learn about the Web3 identity as the time is ripe for its adoption,” – Danielius Stasiulis, CEO and Co-Founder of BitDegree.
The 30-day Learn&Earn campaign aims to bring Web3 closer to the people by educating the existing crypto community and industry newbies. Students who completed any Web3 course before this campaign will also be able to claim a free NFT domain.
To signify the importance of the Web3 identity and its potential, BitDegree developed a dedicated LearnDrop course: NFT Domains: The Future of Web3 Identity. It is dedicated to educating students on the issues related to digital identities and solves a global lack of learning opportunities covering this topic.
“Web3 is still in its dial-up days, and education is the key to getting more people started. That’s why we’re so excited to help more people start their Web3 journey through this campaign,” – Sandy Carter, SVP and Channel Chief of Unstoppable Domains.
In Web2, our likes, comments, purchases, passwords, and posts are controlled by a handful of large tech companies that gather this data. Web3 identity enables individuals to have a single login and a portable digital identity that they own and control.
As an advocate of decentralization, Web3 identities, and user empowerment, BitDegree also supports Login with Unstoppable, a single-sign-on product by Unstoppable Domains. Login with Unstoppable allows BitDegree students to log in with their NFT Domain and keep control of their data.
This partnership with Unstoppable Domains is the most recent for BitDegree. The company’s goal is to educate the crypto community about exciting crypto businesses and projects through the prism of the issues they solve. In the near future Unstoppable will be delivering profile badges to BitDegree students that have finished a web3 course.
Earlier this year, BitDegree announced transitioning into Learnoverse – the first crypto learning metaverse. All current and future crypto content and features developed by the Web3 learning platform or its partners will be transferred to Learnoverse.
About BitDegree
BitDegree is a blockchain-enabled online educational platform that aims to connect educators, learners, and employers in a way that benefits every party. The company is focusing on innovating online learning methods with crypto tools. BitDegree is currently moving toward building an educational metaverse to provide an immersive learning experience. The goal is the create a space for everyone to teach and learn Web3, crypto, blockchain, and other skills.
About Unstoppable Domains
Founded in 2018, Unstoppable Domains is an NFT domain name provider and digital identity platform working to onboard the world onto Web 3. Unstoppable Domains offers NFT domains minted on the blockchain, giving people full ownership and control of their digital identity with no renewal fees.
With Unstoppable Domains, people can replace lengthy alphanumeric crypto wallet addresses with a human-readable name and log into and transact with over 200 apps, wallets, exchanges, and marketplaces.
Forbes named the company one of America’s Best Startup Employers in 2022. In July 2022, Unstoppable Domains achieved Unicorn status after raising a $64 million Series A funding round led by Pantera Capital.
Bitcoin held above $22,000 on Monday as it continues a week-long rally ahead of U.S. inflation data and a highly anticipated Ethereum network upgrade.
The world’s largest cryptocurrency was trading at $22,328.27 at around 9:15 a.m. ET, according to CoinDesk data.
After falling below $19,000 on Wednesday to its lowest level since June, bitcoin has since rallied around 17%.
This also comes off the back of a winning week last week for U.S. stocks. Bitcoin has been closely correlated to equity markets, particularly the Nasdaq, and often moves higher when the tech-heavy index rises.
Crypto investors are looking ahead to the August consumer price index report, scheduled to be released Tuesday, to see the direction inflation is headed which could give hints toward future policy moves by the U.S. Federal Reserve.
Stocks have been under pressure this year as the Fed has hiked interest rates to try to control rampant inflation.
Cryptocurrencies, which are also risk assets, have been battered. Nearly $2 trillion has been wiped off the entire crypto market since its all-time high in November. Bitcoin is down more than 50% this year.
That decline has also been driven by crypto-specific issues including the collapse of key projects and bankruptcies that have spread across the industry.
Meanwhile, the Ethereum network will complete a long-awaited upgrade called the merge. This will transform the Ethereum blockchain from a proof-of-work to proof-of-stake model and significantly reduce the amount of energy required for the network to operate.
Proponents say this could pave the way for a broader use of ether, the token that runs on Ethereum.
“Crypto faces an unusual double whammy this week: U.S. inflation data and [hopefully] the long-awaited and oft-delayed Ethereum Merge. Hold your breath for a rollercoaster ride,” Antoni Trenchev, co-founder of Nexo, said in a note on Monday.
“In a time awash with narratives, there’s none bigger than the Merge in crypto and it’s one which the wider world should take notice of with Ethereum’s carbon footprint set to be slashed by 99%.”
However, analysts cautioned that the merge will not necessarily speed up the Ethereum network, which is known to be slow, nor will it reduce the fees associated with transactions.
Still, excitement has been growing for the merge. Since ether hit its low for the year in mid-June, the price for the world’s second-largest cryptocurrency has far outpaced bitcoin’s. Ether is up more than 90% since June. 19 while bitcoin has risen just over 20%, begging the question of how much the merge has already been priced in.
The Federal Reserve is also widely expected to increase interest rates again next week when its Federal Open Market Committee (FOMC) meets, which is another dark cloud hanging over the crypto market.
“The Merge may trigger a ‘sell the fact’ situation in the crypto market and we still need to be careful for next week’s FOMC meeting. Bitcoin could continue to rally but it could be quite short lived,” Yuya Hasegawa, crypto market analyst at Japanese exchange Bitbank, said in a note Monday.
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Fintech disruptor @Pay has announced their listing of their token ATPAY on MEXC and Raydium this Monday at 10 am UTC.
The app will begin launching to merchants and customers in Q4 2022. @Pay is a DEFI (Decentralized Finance) protocol that is the first BNPL (Buy Now Pay Later) platform built to integrate blockchain technology with its own cryptocurrency. @Pay is one of the largest projects in the DeFi space aiming to power millions of real-world transactions while taking on the multi-trillion dollar payments industry.
About ATPAY token
The @Pay token (ATPAY) is a Solana (SPL) based asset. The SPL token framework will allow a fast, scalable and efficient structure for the distribution, support and functionality of the native token.
The @Pay token is the token that powers the @Pay integrated rewards program available to all users that successfully complete their repayments in a timely fashion. The @Pay token can be used in various ways such as buying into a higher credit limit, used as currency to purchase products and services from @Pay merchants in the @Pay marketplace and, in time, able to vote on certain outcomes that can shape the outcome of the @Pay platform.
Token listing metrics:
- Listing will commence on 12 September 2022 at 10:00 am UTC on MEXC
- Total Token Supply 300 million
- Circulating Supply 100 million with the majority held by @Pay and subject to lock-ups. with the majority held by @Pay and subject to lock-ups.
From the date of distribution, ATPAY token holders with 200,000 or more tokens will be locked. These tokens will be unlocked annually as per the following schedule:
- 10% of the total @Pay tokens held by an owner will be unlocked 31 Dec 2022.
- 10% of the total @pay tokens held by an owner will be unlocked 31 Dec 2023.
- 40% of the total @pay tokens held by an owner will be unlocked 31 Dec 2024.
- The remaining balance of the total @pay tokens held by an owner will be unlocked 31 Dec 2025.
About the Project
@Pay aims to become a first of its kind platform for BNPL solutions, combining three emerging markets; Buy Now Pay Later (BNPL), Crypto and Traditional Currency, and Blockchain and Smart Contracts.
@Pay is taking on the global payments and BNPL industry which is projected to reach 233 billion by 2025* (consensus.gov). Even if it only takes 1% market share; annual turnover could reach $2.3billion USD. That’s hundreds and thousands of transactions powered by @Pay’s blockchain technology.
@Pay aims to be a key participant in offering decentralised finance (DeFi) eCommerce and in-store solutions to shoppers & merchants. @Pay will also allow users to pay for their shopping with any traditional currency (fiat) or approved cryptocurrency they hold in their wallets. Shoppers and merchants will be rewarded with tokens for all transactions and repayments. This places @Pay in the unique position to become the premier BNPL solution for gaming platforms, esports, NFT marketplaces, Web 3 businesses whilst also targeting traditional BNPL merchants.
@Pay has also already signed up over 500 affiliate merchants. This includes major retailers such as adidas, Calvin Klein, JD Sports, North Face, Dior, F1, Fanatics, Coach, GAP and Lacoste amongst others. This is in addition to industry partnerships such as MetaRun, Fomolabs, Algorand, Solana and more. Other key partnerships in the works include Binance Pay and global football clubs.
Further, @Pay has developed its own APis allowing @Pay to be easily integrated into merchant payment gateways giving it access to thousands and thousands of merchants around the World.
Here’s a summary of what users can expect of this unique ecosystem that stands out from its competitors:
- Pay with Cash or crypto
- Buy now – Repay in 4 instalments
- No interest or late fees
- Earn rewards for completing repayments on time
- Earn rewards in crypto
- Stake
The @Pay protocol and app will earn revenue in 4 key ways:
- Merchant fees for BNPL – a merchant pays @Pay 4-8% of every transaction when a shopper chooses to purchase a good or service using the BNPL feature.
- Affiliate merchants’ payments. @Pay receives 5-10% of the transaction amount for driving shopper traffic..
- Monthly account keeping fee of $8 payable by anyone that has repayments outstanding from using the BNPL feature..
- Crypto Pay transaction fees – 1% fee of the transaction amount.
All this is made possible by launching and growing usage of our app. The app will begin launching to merchants and customers in Q4 2022. A single app for shoppers and retailers to manage all their crypto and cash payments seamlessly. Switching between cash and crypto is as easy and fast as changing channels on your tv. It’s a little bit of @Pay magic.
Alongside the app launch, @Pay business is set to launch in October; unlocking the ability for businesses across Australia and overseas to be able to accept cash payments in store and have these converted into crypto, instantly. @Pay business will be great for professionals (doctors, lawyers, accountants , beauty therapists, tradespersons etc..
Then we are rolling out with crypto BNPL late this year, followed by a virtual card early next year. Jump on in early into this thrilling project! Get MEXC and buy now
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