Skip to main content

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Post a Comment

Santo Blockchain to deliver 50 Bitcoin ATMs to Panama

Santo Blockchain’s plans in Latin America consist of 300 Bitcoin ATMs, a layer-2 wallet and a Bitcoin debit card.

Panama is doing its best to keep up with El Salvador’s Bitcoinization with the installation of 50 Bitcoin (BTC) ATMs in 2022. Thanks to Santo Blockchain, 50 of the planned 300 ATMs will begin shipping to Latin America in early 2022.

A vertically integrated blockchain and cryptocurrency company with offices in Saigon, Vietnam and Panama City, Santo Blockchain will invest a total of $1 million into Latin America in general next year as part of its 300 Bitcoin ATM plan.

Santo Blockchain announced Panama would be the first country to benefit from its newly purchased Bitcoin ATMs, while Colombia and Costa Rica are the next on its radar.

Panama has become an increasingly crypto-friendly jurisdiction. In September, a new bill was drafted to recognize BTC as an alternative payment method, possibly enabling greater freedoms in Panama when using crypto.

Santo Blockchain CEO Frank Yglesias, who goes by the moniker ‘Crypto Hemingway,’ serves as a crypto advisor to the Panamanian congressman Alejandro Castillero, who oversees regulations regarding the new laws. Of the 300 ATM deal, Yglesias said:

“Santo is on a journey to help bring a new wave of crypto banking, investment and commerce to over 400,000,000 people in Latin America that are unbanked or unbankable, including 10% to 15% of the Hispanics in the United States that also are unbankable."

As part of the plan, Latin Americans using ATMs will be able to buy tiny amounts of BTC with cash. The Santo business model links the ATMs to a layer-2 BTC wallet built by the company and eventually a Santo debit card–rolled out in Q3 2022.

In the company’s year-end podcast, Yglesias said that Panama is the first Latin American country because it is the gateway to the Americas in terms of trade and logistics, finance and economic stability. Ultimately, Panama is the “stepping stone” to broader Latin American BTC adoption.

Related: More countries to follow El Salvador’s Bitcoin move, Cardano creator says

The news is welcome to a continent lagging in physical Bitcoin infrastructure. Indeed, LATAM has some catching up to do to keep pace with North America’s 5,000 Bitcoin ATMs. To compound the matter, in October this year, retail juggernaut Walmart piloted 200 Bitcoin ATMs as part of a plan to install 8,000 nationwide eventually.

According to CoinATMRadar figures, a Bitcoin ATM tracking site, North America hosts 94.8% of worldwide BTC ATMs; LatAm holds just 0.2%. Unsurprisingly, El Salvador leads the region with 205 ATM locations.

With Santo’s plan to introduce 50 new ATMs in 2022, Panama will offer 73 physical BTC locations, placing them just below the United Kingdom in the world rankings.

https://ift.tt/3HhEL5M
Labels:

Comments

Post a Comment

Popular posts from this blog

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Post a Comment
Read more

Year of sponsorships: Celebrities who embraced crypto in 2021

From Matt Damon appearing in a TV spot for Crypto.com to Kim Kardashian shilling EthereumMax, 2021 saw celebrities with higher profiles getting into crypto. Though the crypto space has seemingly moved beyond the endorsements many minor celebrities bestowed on token projects during the 2018 initial coin offering boom, its growing popularity and acceptance now has professional sports players, Hollywood elites and politicians backing major companies dealing with digital assets. In June 2021, Kim Kardashian promoted EthereumMax (EMAX) via an Instagram story shared with  her more than 200 million followers . The token, which was used as payment for online ticket purchases for some pay-per-view events, gained 116,000% in just one week following the celebrity’s activity before falling more than 99% and leaving many investors in the red. Kim Kardashian promoting EthereumMax on Instagram Stories, June 2021. Source: Instagram Though EthereumMax is somewhat of a cautionary tale for cry...
Post a Comment
Read more

Top 3 Rebase Token Markets Shudder — Stats Show TIME, OHM, BTRFLY Lost Billions Since All-Time Highs

While the crypto economy has shed more than 3% in fiat value during the last 24 hours dropping to $2.09 trillion, the top rebase tokens by market capitalization have seen significant losses this week. At the time of writing, the rebase token economy is valued at over $3.2 billion but has lost more than 10% in value during the last 24 hours. The largest rebase token economies such as Wonderland, Olympus, and Redacted Cartel have shed between 36% to 55% over the last week. Top 3 Rebase Token Protocols Shed Billions in Value Over the Last Week, Wonderland Down 87% Since High On the first day of November 2021, Bitcoin.com News took a deep dive into the Olympus DAO and the reserve-backed asset called OHM . Olympus is a decentralized finance (defi) project that is described as a rebase token and since Olympus started, a myriad of Olympus forks have been born. Essentially, rebase token protocols adjust the token supply in a periodic fashion or when the price fluctuates. Olympus was once ...
Post a Comment
Read more