Russia to delay digital asset swap payments

In other news, the Bank of Russia will work with commercial banks to delay payments to digital asset exchanges, with the intention of limiting “emotional” crypto purchases by unqualified investors, reported. .

According to the report, this decision will likely influence peer-to-peer (P2P) and OTC trading platforms.

The Bank of Russia is skeptical about acquiring crypto, the report says. He still won’t support increased access to crypto markets for investors in the country.

In other news, auction house Christie’s is selling non-fungible tokens (NFTs), CoinDesk reported.

The tokens will include 31 Curio cards as well as other NFTs, and they will be sold in a live auction on October 1, according to the report.

Curio cards, first released in 2017, were among the first digital arts on Ethereum and include mundane objects such as apples, company logos and detailed geometric designs, the report says.

Meanwhile, El Salvador now has the third-largest cryptocurrency ATM network, accounting for 70% of all South American cryptocurrency ATMs, Cointelegraph reported, citing data from Coin ATM Radar.

The country is third only to the United States and Canada, according to the report.

Data shows that El Salvador surpassed the number of crypto ATMs in the UK after El Salvador set up 205 new ATMs to boost local bitcoin transactions as well as conversions between BTC and US dollars, says The report.

Finally, Magnum Real Estate will work with the first cryptocurrency-paid real estate opportunity, as it accepts payment for a three-store condominium space in bitcoin, Entrepreneur reported.

The building will cost $29 million and will be located at 385 First Avenue in Manhattan, containing turnkey commercial condominiums, according to the report. Retail space is leased to M&T Bank, Mighty Pita Restaurant and ProHEALTH Urgent Care Clinic.

Magnum partners with BitPay, which will receive payment on behalf of the company and deposit the money into a dollar account. The company said other transactions will likely be able to be processed in the same way, according to the report.



On: Forty-two percent of US consumers are more likely to open accounts with financial institutions that facilitate automatic sharing of their bank details upon sign-up. The PYMNTS study Account opening and loan management in the digital environmentsurveyed 2,300 consumers to explore how FIs can leverage open banking to engage customers and create a better account opening experience.

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