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Hurry! Buy Cryptocurrency Before *THIS* Happens (150 Million NEW Investors INCOMING) - YouTube
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all right welcome back everybody to
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altcoin daily my name's austin if you
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hold cryptocurrency you do not want to
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miss today's video today we're talking
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bitcoin huge news involving stellar
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lumens lower cap altcoins including api
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3 and sovereign and much more hit
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subscribe right now if you're interested
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in making money with cryptocurrency we
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drop a video every single day
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demystifying this cryptocurrency market
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let's jump in
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like always let's start with the market
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mover bitcoin the sec has just approved
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an etf for bitcoin revolution companies
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this portfolio includes companies like
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tesla and twitter and this new etf from
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volt equity will give investors exposure
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to a range of companies like
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microstrategy and square that hold
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crypto and this is one more step to the
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highly coveted highly anticipated
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bitcoin etf that we're waiting for in
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the u.s that has the potential to
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skyrocket this market an etf stands for
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exchange traded fund basically the fund
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buys the bitcoin and then you buy shares
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in that fund and it's a way for the
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traditional market traditional investors
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to accumulate bitcoin what this is this
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etf is sort of one step removed from
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that it's giving you exposure to a
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basket of publicly traded companies that
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own bitcoin and it just got approved
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managed by san francisco-based vault
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equity the fund will provide retail
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investors with exposure to bitcoin by
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creating a portfolio of bitcoin
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revolution companies that hold a
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significant amount of the cryptocurrency
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on their balance sheets when the
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application was originally filed with
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the sec in june
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volt said that 25 percent of the fund's
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assets would be made up of the stock
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microstrategy now since then tad park
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who is volt founder
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said that percentage could be slightly
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lower when the fund which will trade
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under the ticker symbol btcr is listed
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on the new york stock exchange in the
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next few weeks
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and how many bitcoin companies will be
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listed in this etf
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park added that the fund will consist of
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shares in approximately 30 companies
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including tesla square coinbase and
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paypal
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he also said vault decided to include
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twitter which recently made bitcoin
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tipping part of its operations
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as well as bitcoin mining companies like
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marathon that also hold the
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cryptocurrency in their corporate
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treasuries
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what do you think
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well how this affects you is plain and
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simple the sec said yes
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the sec approved this this is a small
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but positive green flag for the future
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of crypto the question why won't these
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companies just buy bitcoin or just buy
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microstrategy why would they buy
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something like this
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to hedge risk
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park said that the bitcoin revolution
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fund will be less volatile than pure
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crypto plays since a plunge in the price
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of bitcoin does not have a major effect
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on the shares of firms like tesla like
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paypal in a final direct quote on the
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significance of this
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a year ago an etf like this wouldn't
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have been possible
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we hope this is a crack in the dam and
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that's true
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give me your thoughts on this down below
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in the comment section but let's keep
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moving
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next up breaking news for stellar lumens
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moneygram has officially partnered with
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stellar and stablecoin usdc for
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blockchain-based cross-border payments
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the firm will begin a pilot this year
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followed by a gradual rollout in early
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2022. another way to say this is
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cross-border payments giant moneygram is
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working with the stellar blockchain
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network to create instant money
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transfers using circle's usdc stablecoin
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so this is not usdc on ethereum this is
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usdc on the stellar blockchain and how
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will this work exactly
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early 2022 will see a gradual rollout of
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the ledger-based stablecoin bridge
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between crypto and the local currencies
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with a view towards connecting
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moneygrams over 150 million or so
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consumers so the masses are about to
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arrive
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and in a direct quote from ceo of the
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stellar development foundation on what
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this partnership means
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working with moneygram allows end
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consumers to have on and off ramps
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everywhere that moneygram's vast agent
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network supports this
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so this is just transformational in
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terms of being able to exchange crypto
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for fiat
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and fiat for crypto we are trying to go
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as big as we can so if you like mass
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adoption if you like stellar lumens then
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you like this
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and in many ways this is sort of a big
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slap in the face for ripple who quote
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unquote partnered with moneygram a few
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years ago meaning that ripple bought a
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stake in moneygram and then had them
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start using xrp
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and then shortly after ripple was slash
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is being sued by the sec moneygram
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quickly dropped them alex holmes
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moneygram's chairman and ceo pointed out
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that the partnership with stellar is an
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entirely different animal than the
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relationship moneygram had with ripple
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which leveraged the crypto firm's
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on-demand liquidity ripples on-demand
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liquidity to facilitate foreign exchange
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fx trading so he's saying that with
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ripple they were using xrp the altcoin
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as liquidity to switch in and out of
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different countries currencies with
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stellar they're just using a stablecoin
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on stellar according to homes working
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with stellar is a larger in scope
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because it directly touches on consumer
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payments
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i would be very interested to check the
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chat down below see what the xrp holders
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think of this see what these stellar
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lumen holders think about this but
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either way this is potentially
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millions hundreds of millions of
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millions of people onboarding into
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crypto for remittance payments for
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consumer payments
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huge deal
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next up let's talk about lower cap
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altcoins and some adoption in el
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salvador
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el salvador state-owned bank banco hippo
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tacario however you pronounce it taps
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four different crypto startups for
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blockchain products so this is
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potentially a very very big deal this is
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a national commercial bank in el
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salvador has started working with four
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companies that will develop blockchain
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products they say will increase
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financial inclusion for the bank's
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customers
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so this is for the people of el salvador
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and out of the four companies they have
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started working with i think you'll
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recognize a few of them
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one is chain link competitor api three a
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decentralized autonomous organization
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that provides data feeds to blockchain
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based smart contracts so like i said
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much like chain link it is decentralized
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oracles takes information off chain and
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brings it on chain the alliance also
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includes decentralized digital asset
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management infrastructure
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cuerdo and sovereign a decentralized
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bitcoin trading and lending platform so
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why this matters is because we already
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know that el salvador has adopted
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bitcoin as legal tender in the country
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basically giving its citizens the el
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salvadorians the opportunity to be your
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own bank self-sovereignty and now this
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one bank is giving its customers the
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option for banking type services on
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bitcoin with these crypto startups slash
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altcoins keep in mind there is still no
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estimated date for the launch of these
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products but they have announced they
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will be implementing them and here are
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some examples of what potentially the el
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salvadorians will now have access to
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according to edeniago friend of the
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channel and early contributor of
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sovereign there could be custody
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products with the ability to provide
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information from the bank to apis to the
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blockchain and vice versa so easy
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transfer of banking type information
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and in addition the development of
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lending and trading type services and
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bitcoin-backed staple coins so el
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salvador likes bitcoin notice they're
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building d5 type services on bitcoin
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interesting according to the
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announcement cuerdo's decentralized
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custodial infrastructure will aid
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bitcoin banking in el salvador and like
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i said sovereign will provide an
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infrastructure to enable traditional
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banks to offer bitcoin native defy
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products like lending borrowing and
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bitcoin-backed staple coins
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interesting to see these lower cap
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altcoins like saver like api 3 etc gain
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some pretty major adoption
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i'll keep you updated
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next up some pretty big news for
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injective protocol for cosmos blockchain
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and band protocol check this out the
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injective community has officially voted
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to enable a cosmos ibc meaning that
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injective and cosmos can now
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interoperate they can now communicate
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which brings a lot of new potential to
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the two blockchains
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the community will carry out a major
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chain upgrade that will allow any cosmos
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ibc based chain such as a banned
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protocol such as terra money to interact
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with the injective exchange the era of
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cross-chain derivatives is here so how
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this affects you plain and simple this
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is interoperability this will bring new
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users from each blockchain to these now
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different blockchains the mixing of
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users for cosmos injective as both
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ecosystems continue to grow
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and that is the video my name's austin
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like always see you tomorrow
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[Music]
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appreciate you
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