Blockchain
Edgevana Adopts Solana Pay to Become the First Web3 Focused Bare Metal Data Center Company to Accept Crypto
Edgevana, a leader in powering the decentralized web, today announced that the company now accepts payment for products and services using cryptocurrency. Tokens accepted include USD Coin (USDC), SOL, and Tether. In conjunction with Solana Pay, the Web3 focused bare metal data center aggregator and technology provider is the first company in its space to accept crypto.
Customers must use a Solana Pay compatible wallet (Phantom, Solflare, Glow, and Slope) to enable these transactions. Solana Pay is a set of payment standards and protocols that enable merchants to directly accept US digital dollars at the point of sale, with instant settlement and virtually no cost. This is a truly decentralized payment system with no intermediaries or material fees.
“Many people in the Web3 space prefer to pay with cryptocurrency and we believe that offering payment options beyond the traditional will make Edgevana a preferred provider in this space,” said Mark Thiele, CEO and Co-Founder of Edgevana. “Customers will appreciate the security and efficiency that cryptocurrency payments offer and it will help to reduce our transaction fees and risk of fraud.”
Cryptocurrency is considered more secure than credit and debit card payments. When a customer pays with cryptocurrency, their data isn’t stored in a centralized hub where data breaches commonly occur. This is one of the reasons why cryptocurrency is considered more secure than credit card payments. In addition, every transaction is verified and secured on the blockchain general ledger. This makes it very difficult, if not impossible, to steal someone’s identity.
“As a truly decentralized payments rail, Solana Pay makes it easy for merchants to enable transactions in digital dollars for the benefit of their customers,” said Sheraz Shere, head of payments, Solana Labs. “Leading merchants like Edgevana understand that digital payments should be as frictionless as data moving across the Internet, and Solana Pay makes that a reality.”
Token Details
USDC is a fully-reserved dollar digital currency with over $55 billion in circulation and has supported more than $5 trillion in on-chain transactions as of July 8, 2022.
Solana is a blockchain known for its speed, low cost and energy efficiency. Since launching in 2020, Solana has grown to become one of the largest blockchains in the world.
Tether tokens are the most widely adopted stablecoins, having pioneered the concept in the digital token space. A disruptor to the conventional financial system and a trailblazer in the digital use of traditional currencies, Tether Tokens support and empower growing ventures and innovation throughout the blockchain space. Tether Tokens exist as a digital token built on multiple blockchains.
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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