Mastercard has partnered with Fasset, a cryptocurrency gateway provider, to develop digital solutions to accelerate the promotion and use of cryptocurrency in Indonesia.
The collaboration aims to improve financial inclusion in Indonesia and provide new prospects for the local economy. According to Mastercard, the collaboration will increase the community’s access to new technology.
In June, Mastercard had expanded its network to non-fungible token (NFT) transactions.
An official from Mastercard Indonesia has now said that the introduction of cryptocurrencies in countries, such as Indonesia, will have a significant impact on the entire crypto ecosystem, and it will serve as an example for other countries that want to develop and accelerate economic growth.
In other news, OpenSea, a NFT (non-fungible token) marketplace, has announced layoffs and blames for the current crypto winter. During the current weak market scenario, a number of crypto-asset companies have revealed similar layoffs. The reason for the layoffs, according to OpenSea CEO Devin Finzer, is “a unique blend of crypto winter and broader socio-economic volatility.”
By trading volume, OpenSea is the world’s largest NFT marketplace. The decline in personnel indicates that the crypto industry is in pain, and platforms are struggling to stay afloat. According to INSIDER, crypto companies have reduced the workforce by 1700 people in June alone. Exchange titans, such as Kraken, FTX and Binance, have chosen not to follow in the footsteps of other cryptocurrency companies.
Crypto prices
The price of Bitcoin in the cryptocurrency market rose by 0.02 percent in the last 24 hours, and it was traded at $ 20,817.80 at 17:15 IST. According to Coinmarketcap.com, the dominance in the crypto market is currently 42.56 percent, down 0.11 percent in the last 24 hours.
Ethereum (ETH) was trading at $ 1,27.19, up 0.06 percent, while Binance Coin (BNB) was down 0.20 percent in the last 24 hours, trading at $ 237.43. Solana (SOL) was down 0.56 percent to $ 37.82, while Cardano (ADA) was down 0.44 percent to $ 0.4374.
Meme coins
Dogecoin was trading at $ 0.06333 at. 17:15 IST, down 0.20 percent on Coinmarketcap.com. The competitor, Shiba Inu, was up 0.68 percent, trading at $ 0.00001094. Samoyedcoin was up 8.99 percent, trading at $ 0.008962, while Dogelon Mars was up 5.80 percent, trading at $ 0.0000003141.
Overall scenario
According to Coinmarketcap.com, the global market value of crypto was $ 963.01 billion, an increase of 6.24 percent over the last 24 hours, while the total crypto market volume was $ 90.34 billion, a decrease of 0.15 percent .
