Global payment provider Stripe tests crypto payments on Twitter<\/strong><\/h2>\r\n\r\n\r\n\r\nThe payments giant, Stripe, released a blog post<\/a> on Friday confirming that it is expanding crypto payment options. Thanks to the new pilot with social media platform, Twitter, the company plans to increase the efficiency with which content creators get paid.<\/p>\r\n\r\n\r\n\r\nVia the company\u2019s \u201cConnect\u201d service, Stripe aims to allow any business to offer users the ability to get paid in a range of digital assets. Twitter will be the first partner to test out this new offering.\u00a0<\/p>\r\n\r\n\r\n\r\n
For any earnings accumulated via Twitter, through either Super Follows or Ticketed Spaces, some crypto-focused users will be able to get paid in the US dollar stablecoin, USD Coin (USDC).<\/p>\r\n\r\n\r\n\r\n
According to Stripe\u2019s crypto executive, Karan Sharma, Twitter content creators will be able to opt-in to Stripe\u2019s Connect service. \u201cStripe will handle all crypto-related complexity and operations. No code changes are required, and platforms can avoid taking on the challenges of acquiring, storing, or transferring crypto themselves.\u201d\u00a0<\/p>\r\n\r\n\r\n\r\n
All USDC payments are set to be processed via the Polygon network, with users having the option to then bridge digital assets across to the Ethereum blockchain.\u00a0<\/p>\r\n\r\n\r\n\r\n
The new crypto-payment service on Twitter will be in addition to the crypto-tipping service that the company integrated in September 2021.\u00a0<\/p>\r\n\r\n\r\n\r\n![\"An](\"https:\/\/xcoins.com\/wp-content\/uploads\/2022\/04\/stripe-1500-1024x683.jpg\")
<\/figure>\r\n\r\n\r\n\r\n <\/p>\r\n\r\n\r\n\r\n
Tesla continues to hold $1.26 billion worth of Bitcoin<\/strong><\/h2>\r\n\r\n\r\n\r\nTesla, the world\u2019s largest electric car manufacturer, published earnings for the first quarter of 2022 on Wednesday. According to the report<\/a>, the company continues to hold just over $1.26 billion worth of digital assets.<\/p>\r\n\r\n\r\n\r\nThe company has enjoyed bumper growth over the last 12 months, reporting an 81% increase in revenue when compared to the previous year. The revenue in April 2021 was reported as $10.39 billion, whereas the total revenue in April 2022 jumped to $18.76 billion.\u00a0<\/p>\r\n\r\n\r\n\r\n
The earnings were a surprise to many experts on Wall Street that had expected lower revenue figures as a result of the ongoing inflation pressures.\u00a0<\/p>\r\n\r\n\r\n\r\n
It was during the first quarter of 2021 that the company acquired $1.5 billion worth of Bitcoin for the company\u2019s balance sheet. The company then sold a small fraction in the second quarter of 2021 to test the liquidity of the market. Since then, the company\u2019s Bitcoin holdings have not fluctuated.<\/p>\r\n\r\n\r\n\r\n
While not yet keeping Dogecoin on the company\u2019s balance sheet, in January, Tesla did begin accepting DOGE for specific products offered within its merchandise store. The CEO of Tesla, Elon Musk, has also openly admitted to personally holding Bitcoin, Ethereum, and Dogecoin.<\/p>\r\n\r\n\r\n\r\n
Commenting on the earnings report, Musk, explained, \u201cI\u2019ve never been more optimistic and excited in terms of the future than I am right now.\u201d The earnings report comes a week after Musk placed a $46.5 billion offer to buy the social media platform, Twitter.<\/p>\r\n\r\n\r\n\r\n![\"Image](\"https:\/\/xcoins.com\/wp-content\/uploads\/2022\/04\/red-tesla-fb-1024x535.jpg\")
<\/figure>\r\n\r\n\r\n\r\n <\/p>\r\n\r\n\r\n\r\n
First Dogecoin transaction sent via radio transmission<\/strong><\/h2>\r\n\r\n\r\n\r\nWith the help of SpaceX\u2019s global Starlink satellite network, Dogecoin developers have succeeded in sending the first Dogecoin transaction without using the internet.\u00a0<\/p>\r\n\r\n\r\n\r\n
According to members of the Dogecoin Foundation, the meme cryptocurrency was sent over 800 miles via radio transmission. The transmission was facilitated by the RadioDoge protocol, Libdogecoin (a library of Dogecoin programs), and the Starlink satellite network, which was founded by entrepreneur and CEO, Elon Musk.<\/p>\r\n\r\n\r\n\r\n
In a bid to make Dogecoin a more accessible cryptocurrency, the RadioDoge protocol was established with the aim of allowing Dogecoin transactions to be completed without the internet.\u00a0<\/p>\r\n\r\n\r\n\r\n
There are still millions globally that cannot access the internet, including millions of Americans, therefore, RadioDoge was created to provide an answer for this group of users. Transactions are also far cheaper when sent via radio transmission than compared with an Internet Service Provider (ISP).<\/p>\r\n\r\n\r\n\r\n
The news of the first transaction was confirmed by a tweet<\/a> from Dogecoin developer, Michi Lumin, and was seen as a landmark step in Dogecoin\u2019s history.<\/p>\r\n\r\n\r\n\r\nIn the future, Dogecoin holders may simply need to be within proximity to a Starlink satellite to initiate and confirm a transaction on the network.<\/p>\r\n\r\n\r\n\r\n![\"Tweet](\"https:\/\/lh3.googleusercontent.com\/ISfQ8rL4LgeTvUguHHl4bAEEIgKjbvJtBmvM_yS0h-CQmgwBEaO2KCa9yLI4t1RrqHEK0AdzrwG6ii1GuBMAiEExVN08tyc3NfOCfXVH_GdJxLN1zAtzYfROoDyvdcGH6VTlNyie\")
\r\nTweet from Dogecoin developer, Michi Lumin, confirming that the first DOGE transaction via radio transmission had been completed.<\/em><\/figcaption>\r\n<\/figure>\r\n\r\n\r\n\r\n <\/p>\r\n\r\n\r\n\r\n
<\/p>\r\n\r\n\r\n\r\n
Fidelity Investments opens education center in the metaverse<\/strong><\/h2>\r\n\r\n\r\n\r\nOne of the largest financial institutions in the world, Fidelity, has opened a brand new learning center within the metaverse. The firm currently manages $11.3 trillion worth of assets but sees the metaverse as a key area of focus for investors in the future.<\/p>\r\n\r\n\r\n\r\n
According to reports<\/a>, the new learning center, known as the \u201cFidelity Stack\u201d has been created to encourage metaverse users to learn the basics of investing. The virtual reality building is eight stories tall and has been built within Decentraland – a blockchain-based metaverse world.<\/p>\r\n\r\n\r\n\r\nAlongside tips and advice on investing, Fidelity has dedicated an entire floor of the virtual offices to the company\u2019s new Fidelity Metaverse ETF, which was announced by the firm during the week prior. The launch of Fidelity Stack on Friday coincided with the release of the new fund.<\/p>\r\n\r\n\r\n\r\n
Fidelity follows both Goldman Sachs and JPMorgan, which have both opened offices and lounges within the Decentraland metaverse.<\/p>\r\n\r\n\r\n\r\n![\"Image](\"https:\/\/xcoins.com\/wp-content\/uploads\/2022\/04\/nft-man-1-1024x683.jpg\")
<\/figure>\r\n\r\n\r\n\r\n <\/p>\r\n\r\n\r\n\r\n
The Bahamas to allow citizens to pay taxes with cryptocurrencies<\/strong><\/h2>\r\n\r\n\r\n\r\nAccording to a report released by the Bahamas government, going forward Bahamians will be allowed to pay outstanding taxes with digital assets.\u00a0<\/p>\r\n\r\n\r\n\r\n
The white paper<\/a> documents how the Bahamas plans to accommodate cryptocurrencies over the next four years. By implementing this plan, the government hopes that the country can become a hub for digital asset development within the Caribbean.\u00a0<\/p>\r\n\r\n\r\n\r\nAlongside offering the ability to pay taxes with digital assets, the government also wants to increase the efficiency with which residents can purchase cryptocurrencies with the Bahamian dollar, and encourage the use of the country\u2019s Central Bank Digital Currency (CBDC).<\/p>\r\n\r\n\r\n\r\n
In October 2020, the country was the first in the world to formally introduce a CBDC, which was known as the Bahamian Sand Dollar.<\/p>\r\n\r\n\r\n\r\n
To facilitate the upcoming changes, the country is set to form a Digital Asset Policy Committee and a Digital Advisory Panel. The Digital Asset Policy Committee will be headed by the country\u2019s Prime Minister, Philip Davis, while the Digital Advisory Panel will be composed of digital asset experts from the cryptocurrency industry.<\/p>\r\n\r\n\r\n\r\n
Commenting on the release of the white paper, Prime Minister Davis explained \u201cWe have a vision to transform The Bahamas into the leading digital assets hub in the Caribbean and a global leader in the progressive regulation of businesses in this profoundly innovative space. While we recognize the extraordinary opportunities afforded by digital assets, we also recognize the risks, and thus we emphasize the importance of effective regulation.\u201d<\/p>\r\n\r\n\r\n\r\n![\"Nassau,](\"https:\/\/xcoins.com\/wp-content\/uploads\/2022\/04\/bahamas-1-1024x683.jpg\")
\r\nNassau, the capital city of the Bahamas.\u00a0<\/em><\/figcaption>\r\n<\/figure>\r\n\r\n\r\n\r\n <\/p>\r\n\r\n\r\n\r\n
To stay up to date on all things crypto, like Xcoins on <\/em>Facebook<\/em><\/a>, and follow us on <\/em>Twitter<\/em><\/a>, <\/em>Instagram<\/em><\/a>, and <\/em>LinkedIn<\/em><\/a>.<\/em><\/p>\r\n","protected":false},"excerpt":{"rendered":"During a volatile week for both the cryptocurrency and equity markets, blockchain innovation dominated headlines. One of the world\u2019s leading […]<\/p>\n","protected":false},"author":22,"featured_media":5141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[668],"class_list":["post-5132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news-2","tag-bahamian-sand-dollar"],"yoast_head":"\n
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Via the company\u2019s \u201cConnect\u201d service, Stripe aims to allow any business to offer users the ability to get paid in a range of digital assets. Twitter will be the first partner to test out this new offering.\u00a0<\/p>\r\n\r\n\r\n\r\n
For any earnings accumulated via Twitter, through either Super Follows or Ticketed Spaces, some crypto-focused users will be able to get paid in the US dollar stablecoin, USD Coin (USDC).<\/p>\r\n\r\n\r\n\r\n
According to Stripe\u2019s crypto executive, Karan Sharma, Twitter content creators will be able to opt-in to Stripe\u2019s Connect service. \u201cStripe will handle all crypto-related complexity and operations. No code changes are required, and platforms can avoid taking on the challenges of acquiring, storing, or transferring crypto themselves.\u201d\u00a0<\/p>\r\n\r\n\r\n\r\n
All USDC payments are set to be processed via the Polygon network, with users having the option to then bridge digital assets across to the Ethereum blockchain.\u00a0<\/p>\r\n\r\n\r\n\r\n
The new crypto-payment service on Twitter will be in addition to the crypto-tipping service that the company integrated in September 2021.\u00a0<\/p>\r\n\r\n\r\n\r\n <\/p>\r\n\r\n\r\n\r\n Tesla, the world\u2019s largest electric car manufacturer, published earnings for the first quarter of 2022 on Wednesday. According to the report<\/a>, the company continues to hold just over $1.26 billion worth of digital assets.<\/p>\r\n\r\n\r\n\r\n The company has enjoyed bumper growth over the last 12 months, reporting an 81% increase in revenue when compared to the previous year. The revenue in April 2021 was reported as $10.39 billion, whereas the total revenue in April 2022 jumped to $18.76 billion.\u00a0<\/p>\r\n\r\n\r\n\r\n The earnings were a surprise to many experts on Wall Street that had expected lower revenue figures as a result of the ongoing inflation pressures.\u00a0<\/p>\r\n\r\n\r\n\r\n It was during the first quarter of 2021 that the company acquired $1.5 billion worth of Bitcoin for the company\u2019s balance sheet. The company then sold a small fraction in the second quarter of 2021 to test the liquidity of the market. Since then, the company\u2019s Bitcoin holdings have not fluctuated.<\/p>\r\n\r\n\r\n\r\n While not yet keeping Dogecoin on the company\u2019s balance sheet, in January, Tesla did begin accepting DOGE for specific products offered within its merchandise store. The CEO of Tesla, Elon Musk, has also openly admitted to personally holding Bitcoin, Ethereum, and Dogecoin.<\/p>\r\n\r\n\r\n\r\n Commenting on the earnings report, Musk, explained, \u201cI\u2019ve never been more optimistic and excited in terms of the future than I am right now.\u201d The earnings report comes a week after Musk placed a $46.5 billion offer to buy the social media platform, Twitter.<\/p>\r\n\r\n\r\n\r\n <\/p>\r\n\r\n\r\n\r\n With the help of SpaceX\u2019s global Starlink satellite network, Dogecoin developers have succeeded in sending the first Dogecoin transaction without using the internet.\u00a0<\/p>\r\n\r\n\r\n\r\n According to members of the Dogecoin Foundation, the meme cryptocurrency was sent over 800 miles via radio transmission. The transmission was facilitated by the RadioDoge protocol, Libdogecoin (a library of Dogecoin programs), and the Starlink satellite network, which was founded by entrepreneur and CEO, Elon Musk.<\/p>\r\n\r\n\r\n\r\n In a bid to make Dogecoin a more accessible cryptocurrency, the RadioDoge protocol was established with the aim of allowing Dogecoin transactions to be completed without the internet.\u00a0<\/p>\r\n\r\n\r\n\r\n There are still millions globally that cannot access the internet, including millions of Americans, therefore, RadioDoge was created to provide an answer for this group of users. Transactions are also far cheaper when sent via radio transmission than compared with an Internet Service Provider (ISP).<\/p>\r\n\r\n\r\n\r\n The news of the first transaction was confirmed by a tweet<\/a> from Dogecoin developer, Michi Lumin, and was seen as a landmark step in Dogecoin\u2019s history.<\/p>\r\n\r\n\r\n\r\n In the future, Dogecoin holders may simply need to be within proximity to a Starlink satellite to initiate and confirm a transaction on the network.<\/p>\r\n\r\n\r\n\r\n <\/p>\r\n\r\n\r\n\r\n <\/p>\r\n\r\n\r\n\r\n One of the largest financial institutions in the world, Fidelity, has opened a brand new learning center within the metaverse. The firm currently manages $11.3 trillion worth of assets but sees the metaverse as a key area of focus for investors in the future.<\/p>\r\n\r\n\r\n\r\n According to reports<\/a>, the new learning center, known as the \u201cFidelity Stack\u201d has been created to encourage metaverse users to learn the basics of investing. The virtual reality building is eight stories tall and has been built within Decentraland – a blockchain-based metaverse world.<\/p>\r\n\r\n\r\n\r\n Alongside tips and advice on investing, Fidelity has dedicated an entire floor of the virtual offices to the company\u2019s new Fidelity Metaverse ETF, which was announced by the firm during the week prior. The launch of Fidelity Stack on Friday coincided with the release of the new fund.<\/p>\r\n\r\n\r\n\r\n Fidelity follows both Goldman Sachs and JPMorgan, which have both opened offices and lounges within the Decentraland metaverse.<\/p>\r\n\r\n\r\n\r\n <\/p>\r\n\r\n\r\n\r\n According to a report released by the Bahamas government, going forward Bahamians will be allowed to pay outstanding taxes with digital assets.\u00a0<\/p>\r\n\r\n\r\n\r\n The white paper<\/a> documents how the Bahamas plans to accommodate cryptocurrencies over the next four years. By implementing this plan, the government hopes that the country can become a hub for digital asset development within the Caribbean.\u00a0<\/p>\r\n\r\n\r\n\r\n Alongside offering the ability to pay taxes with digital assets, the government also wants to increase the efficiency with which residents can purchase cryptocurrencies with the Bahamian dollar, and encourage the use of the country\u2019s Central Bank Digital Currency (CBDC).<\/p>\r\n\r\n\r\n\r\n In October 2020, the country was the first in the world to formally introduce a CBDC, which was known as the Bahamian Sand Dollar.<\/p>\r\n\r\n\r\n\r\n To facilitate the upcoming changes, the country is set to form a Digital Asset Policy Committee and a Digital Advisory Panel. The Digital Asset Policy Committee will be headed by the country\u2019s Prime Minister, Philip Davis, while the Digital Advisory Panel will be composed of digital asset experts from the cryptocurrency industry.<\/p>\r\n\r\n\r\n\r\n Commenting on the release of the white paper, Prime Minister Davis explained \u201cWe have a vision to transform The Bahamas into the leading digital assets hub in the Caribbean and a global leader in the progressive regulation of businesses in this profoundly innovative space. While we recognize the extraordinary opportunities afforded by digital assets, we also recognize the risks, and thus we emphasize the importance of effective regulation.\u201d<\/p>\r\n\r\n\r\n\r\n <\/p>\r\n\r\n\r\n\r\n To stay up to date on all things crypto, like Xcoins on <\/em>Facebook<\/em><\/a>, and follow us on <\/em>Twitter<\/em><\/a>, <\/em>Instagram<\/em><\/a>, and <\/em>LinkedIn<\/em><\/a>.<\/em><\/p>\r\n","protected":false},"excerpt":{"rendered":" During a volatile week for both the cryptocurrency and equity markets, blockchain innovation dominated headlines. One of the world\u2019s leading […]<\/p>\n","protected":false},"author":22,"featured_media":5141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[668],"class_list":["post-5132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news-2","tag-bahamian-sand-dollar"],"yoast_head":"\n<\/figure>\r\n\r\n\r\n\r\nTesla continues to hold $1.26 billion worth of Bitcoin<\/strong><\/h2>\r\n\r\n\r\n\r\n
<\/figure>\r\n\r\n\r\n\r\nFirst Dogecoin transaction sent via radio transmission<\/strong><\/h2>\r\n\r\n\r\n\r\n
Fidelity Investments opens education center in the metaverse<\/strong><\/h2>\r\n\r\n\r\n\r\n
<\/figure>\r\n\r\n\r\n\r\nThe Bahamas to allow citizens to pay taxes with cryptocurrencies<\/strong><\/h2>\r\n\r\n\r\n\r\n
\r\n