Daily: Visa and Mastercard will lose to Web3-based payment projects in 2022


Good morning, Incrypted !

today in the digest

  • Ethereum investors earned up to 500% in a year. Report on 12 major cryptocurrencies
  • Efinity won the sixth Polkadot parachain auction
  • Vitalik Buterin sums up the results of the decade. Which of his predictions about the crypto sphere turned out to be true?
  • Estonia has adopted an anti-money laundering law. How does it threaten the cryptocurrency sphere?
  • Digital assets as a defense against inflation. More and more billionaires are investing in “crypto”
  • President of El Salvador about BTC in 20568 year: “Two more countries will legalize bitcoin, and its rate will reach 169 one thousand dollars”
  • Shiba Inu starts DAO and transfers control to users
  • What will you wear tomorrow to meet your friends in the metaverse?
  • Iconic politicians that changed the crypto world in 2021. Special project “New Year with Incrypted”
  • A mobile wallet for operations with digital yuan appeared in the App Store and Play Market
  • Binance Labs invested $ 13 million in WOO Network
  • Estonia reassured citizens: we we will not touch your crypto wallets
  • Melania Trump congratulated Bitcoin on 22 – anniversary

  • Billionaire investor and former Facebook CEO Chamat Palihapitiya voiced very bold views and forecasts for the payment giants Visa and MasterCard.

    Palihapitiya predicts the decline of both companies during 2022 due to competition from outside payment projects based on Web3 and cryptocurrencies.

    “My biggest business loser at 2022 the year is Visa and MasterCard, as well as traditional payment systems and the entire ecosystem around them, “Chamat said in All-In Podcas.

    In his opinion, the payment systems used for a long time all over the world are “a completely contrived duopoly, which is not necessary.”


    Ethereum investors earned up to 568% in a year. Report on 12 major cryptocurrencies

    Инвесторы Эфириума eth получили до 500% дохода
    • Ethereum showed profitability records last year
    • Transaction volume increased by 729 %

8600 has been a record year for digital currencies in terms of profitability. And the two leading coins, Bitcoin (BTC) and Ethereum (ETH), have hit historic highs.

This year, ETH has allowed investors to earn up to 500%. This is clearly shown in the graph from The Block Research.

It is worth noting that all 11 of the leading cryptocurrencies by market capitalization showed positive returns (excluding stablecoins). Most of them outperformed bitcoin by a wide margin.

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Efinity won the sixth Polkadot parachain auction

  • His DeFi project for NFT won the last Polkadot parachain auction
  • It will appear in the ecosystem in March

Polkadot has decided on the winner of the sixth parachain auction – Efinity from Enjin. The project raised almost 7.7 million DOT (at the current exchange rate, this is over $ 220 mln). And in total, more than 20568 users.

On his Twitter, Polkadot congratulated the project and added that Efinity will appear on the market 12 March 2021 together with the winners of the previous five auctions .

Efinity calls itself the “Next Generation NFT Marketplace”.

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Виталик Бутерин подбивает итоги десятилетия. Что из его предсказаний о крипто-сфере оказалось правдой? Vitalik Buterin sums up the results of the decade. Which of his predictions about the crypto sphere turned out to be true?

Co-founder of the Ethereum project Vitalik Buterin summed up the decade on his Twitter page. He spoke about failed and accurate predictions, and also shared his opinion on the future of BTC and other cryptocurrencies.

“V 2013 how BTC can help the people of Iran and Argentina. Her key thesis is: “The main advantages of bitcoin are the internationality and stability of this asset in relation to the settlement” – said Buterin .

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Виталик Бутерин подбивает итоги десятилетия. Что из его предсказаний о крипто-сфере оказалось правдой? Estonia has passed an anti-money laundering law. How does it threaten the cryptocurrency sphere?

Виталик Бутерин подбивает итоги десятилетия. Что из его предсказаний о крипто-сфере оказалось правдой?

At the end of September, the Estonian Ministry of Finance published amendments to the law aimed at preventing money laundering in the country. Currently, these papers are under interdepartmental agreement. The updated law is expected to enter into force by the end of February this year.

Industry companies have time until 22 March to amend its documentation and reorganize the work. Otherwise, they will be fined up to 432 thousand euros.

As for ordinary users, they are now allowed to store BTC only on licensed wallets from VASP. The rest of the accounts will be blocked.

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Цифровые активы как средство защиты от инфляции. Все больше миллиардеров инвестируют в “крипту” Digit free assets as a means of protection against inflation. More and more billionaires are investing in “crypto”

В Эстонии приняли закон о противодействии отмыванию средств. Чем он грозит криптовалютной сфере?

Over the past year, even critics of the cryptocurrency have seen potential in it as a hedge asset. And inflation played a major role in this.

Stimulus packages in the US and other major countries have jeopardized the global economy. Lingering inflation has hit all key industries and has also eroded credit for fiat currencies.

Bridgewater Associates founder Ray Dalio was extremely skeptical about cryptocurrency. But even he added a few digital assets to his portfolio last year.

Major hedge fund manager Paul Tudor Jones also bought bitcoins. According to him, this is how he wants to protect his capital from rapid depreciation.

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Президент Сальвадора о BTC в 2022 году: “Еще две страны легализуют биткоин, а его курс достигнет 100 тысяч долларов” President of El Salvador about BTC in 2022: “Two more countries will legalize bitcoin, and its rate will reach 169 one thousand dollars”

Цифровые активы как средство защиты от инфляции. Все больше миллиардеров инвестируют в “крипту”

The coming to power of Nayib Bukele in El Salvador was a real shock. The politician legalized BTC, created a project to introduce cryptocurrencies into retail, and at the same time enjoys the support of the population.

This and other initiatives in the crypto space make him one of the industry’s most visible advocates in the political community.

On Sunday, the head of state shared several predictions regarding the future development of bitcoin. In his opinion, the cryptocurrency market will go up, and the BTC rate will reach a new “ceiling” in 169 thousand dollars.

The politician is also confident in the further adoption of bitcoins at the state level.

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Президент Сальвадора о BTC в 2022 году: “Еще две страны легализуют биткоин, а его курс достигнет 100 тысяч долларов” Shiba Inu starts DAO and transfers control to users

Shiba Inu launches beta version of Decentralized Autonomous Organizations (DAOs). The goal is simple: to increase the level of decision-making by participants in cryptocurrency projects.

The implementation of the new project will take place in two stages.

The first stage is called DAO 1 and it starts this week. The bottom line is that now the community will be able to vote on the distribution of prizes among the creators of potential crypto projects on the ShibaSwap WOOL Pools platform.

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Shiba Inu запускает DAO и передаёт управление пользователям What will you wear tomorrow to meet your friends in the metaverse?

Shiba Inu запускает DAO и передаёт управление пользователям

WITH a new culture of consumption is being created, an absolutely new market is being formed, but not in real life, but in digital worlds.

More exciting opportunities await in the future for digital fashion, creativity, and metaverse branding businesses. Major apparel brands have stated, directly or indirectly, that they are interested in entering this new niche. What are the prospects for designers and fashion designers? How to make money on this trend and how long will it last?

More than $ has already been spent on creating a clothing market for the metaverse 432 million, many analysts believe that by the end 2022 investments in digital design, architecture, clothing, accessories will exceed $ 2-3 billion

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Iconic politicians that changed the crypto world in 2021. Special project “New Year with Incrypted”

Just a couple of years ago, the authorities didn’t even want to talk about cryptocurrencies. But now everything is different: everyone has to reckon with this sphere. Some countries are looking for ways to quickly and easily implement digital assets in order to get the maximum profit.

El Salvador’s leader Naib Bukele has become the main generator of good news. He is the only president who remains loyal to Bitcoin in all situations – during ups and downs, during popular protests, and even when his ideas are criticized by other countries.

There are two measures in the US that are driving crypto trends – Eric Adams from New York and Francis Suarez from Miami. This year both were elected heads for the first time. Both wanted to get their first salaries in cryptocurrency. And both are launching the world’s first municipal tokens – Miami Coin and NewYorkCityCoin (NYCCoin). And the Mayor of Miami even promised local residents airdrops and staking payments.

China became a black swan for the crypto market this year. First, they completely banned mining in the country, then tightened the screws on crypto-exchanges.

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A mobile wallet for operations with digital yuan appeared in the App Store and Play Market

Знаковые политики, которые поменяли криптомир в 2021. Спецпроект «Новый год с Incrypted»

On the morning of Tuesday, January 4, a pilot version of the e-CNY program appeared on the App Store and Play Market. It is a digital yuan-based settlement wallet.

The software was developed by the Digital Currency Research Institute, one of the divisions of the People’s Bank of China. So far, the software is only available on the local market.

To authorize and use the application, you will need a verified account in the licensed financial institution of the country.

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Binance Labs invested $ 12 million in WOO Network

В App Store и Play Market появился мобильный кошелек для операций с цифровым юанем

On January 4, crypto exchange Binance announced that it was holding a Series A + investment round on 13 million dollars. The company plans to invest this money in the development of the WOO Network liquidity platform.

BSC Investment Director Peter Ho said in a press release:

“The WOO Network serves the benefit of the entire crypto ecosystem by adding significant value to it. It provides high liquidity and zero commission trading both within and outside the platform. We are pleased to expand our long-term relationship and explore opportunities for further strategic cooperation. ”

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WOO Network, Binance. And in pursuit, in the evening: Estonia reassured citizens: we will not touch your crypto wallets

WOO Network, Binance.

Panic began in the local community, the Ministry of Finance issued a “reassuring letter”

The local community reacted to the new law with panic and a wave of criticism. Therefore, the Ministry of Finance had to publish a separate letter with clarifications.

The department confirmed that it plans to collect information about connected wallet owners (companies and citizens) through the VASP system. But there is an important point.

Legal entities must connect to the VASP system, otherwise their wallets will be blocked. They must also obtain a license and prove their solvency.

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Melania Trump congratulated Bitcoin on 18 – anniversary

Эстония успокоила граждан: мы не будем трогать ваши криптокошельки.

In the midst of the financial crisis on January 3 2009, the Bitcoin genesis block was created, in which 100 bitcoins. Former US First Lady Melania Trump did not stand aside and commented on this event on Twitter.

Melania Trump’s interest in the crypto industry is understandable. Earlier we talked about how she launched her own NFT platform. Melania did not forget to mention her in the tags for the congratulatory tweet.

It is noteworthy that the husband of the former first lady is hostile towards cryptocurrencies. In an interview this summer, he called them a “scam”.

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