The Crypto Round-Up: December 1st, 2021

MicroStrategy Now Holds Another 7, 002 Bitcoins

The data analytics firm, MicroStrategy, announced its big bitcoin investment on Monday morning. Recently, they have disclosed their purchase of 7,002 bitcoins worth $414.4 million. MicroStrategy says it now holds approximately 121,044 bitcoins worth $3.6 billion, or an average price of $29,534 per coin. Read more

Ripple and Palau’s Partnership in Developing a Climate-Friendly National Digital Currency

The adoption of digital assets has been growing rapidly nowadays. Several countries in the world are now working on developing their digital currency to link to their fiat currencies. This has led to the Republic of Palau partnering with Ripple’s Digital payment network. Ripple will assist Palau in developing its digital currency, ensure that its USD is backed, and support its payments across borders. Read more

Bitcoin Overtakes PayPal on Value Transferred, Could Also Outstrip MasterCard

A Thursday report from Blockdata pointed out that Bitcoin processed about $489 billion per quarter in 2021. In terms of total volume processed, Bitcoin already processed about 27% of Mastercard’s $1.8 trillion per quarter and 15 % of Visa’s $3.2 trillion. The Bitcoin network rise factors: the total number of transactions, the average amount of Bitcoin sent per transaction and the rise of the price of Bitcoin (BTC). Read more

The Largest Supermarket in Croatia Now Accepts Crypto as Payment

The largest supermarket in Croatia, Konzum, is moving with the times of launching payments in crypto such as Bitcoin. Konzum stated that they are now accepting payments in nine cryptocurrencies in its online store. Customers are allowed to use crypto to buy groceries and personal needs. Read more

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