- Crypto market cap: USD 1.16T, down? 0.52%
- BTC price stands at? USD 27,784.22, up 0.60%
- ETH price stands at? USD 1,749.27, down 0.73%
- Top gainer: XDC Network(XDC), up 20.85%
- Top loser: Immutable(IMX), down 11.91%
- Stablecoins are becoming increasingly popular as a form of digital currency that provides price stability and can be used for everyday transactions. By settling transactions for a stablecoin wallet, Mastercard is providing a more seamless and efficient payment method for users in the APAC region.
- This move by Mastercard is indicative of the growing acceptance of cryptocurrencies and their underlying technology, blockchain, by traditional financial institutions. With Mastercard entering the space, it could potentially encourage more mainstream adoption of cryptocurrencies and increase their legitimacy as a viable form of payment.
- This development also highlights the potential competition between traditional financial institutions and emerging fintech companies that are offering innovative payment solutions using blockchain technology. By embracing this new technology, Mastercard is positioning itself as a leader in the industry and potentially gaining an advantage over its competitors.
Brief introduction: zkSync is a layer-2 scaling solution for Ethereum that utilizes zero-knowledge proofs (ZKPs) to enable fast, secure, and low-cost transactions. It was developed by Matter Labs in 2019 with the goal of addressing some of the scalability issues facing the Ethereum network, such as slow transaction times and high gas fees.
- zkSync is a layer-2 scaling solution that uses ZKP (Zero-Knowledge Proof) technology to achieve scalability, security, and privacy. It allows users to perform fast, low-cost transactions in a trustless manner, without compromising on the security of the underlying Ethereum blockchain.
- The recent surge in zkSync addresses is mainly due to the hype around Arbitrum's airdrop. However, it is also likely that more people are starting to see the benefits of using zkSync as a layer-2 scaling solution for Ethereum.
- One of the key advantages of zkSync is its ability to support a wide range of Ethereum-based assets, including ERC-20 tokens and NFTs. This makes it an attractive option for developers and users who want to build scalable dApps or use cases that require fast and cheap transactions.
- In addition, zkSync has been designed to be highly interoperable, which means it can work seamlessly with other Layer-2 solutions and even other blockchains. This could make it a valuable component of a larger DeFi ecosystem, or even a wider blockchain infrastructure
Aspen Digital is a leading technology and financial services company with a mission to accelerate the mass adoption of digital assets. The company provides a digital asset management solution for asset managers, institutions, and sophisticated investors. Aspen Digital was co-founded by digital assets innovators and asset management veterans at Everest Ventures Group (“EVG”) and TT Bond Partners (“TTB”) in 2021.
For more information, visit https://www.aspendigital.co/?
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