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Blockchain Startup Elrond Brings eGold Payment Facility for US Shoppers at Amazon, Walmart and eBay

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Elrond has partnered with blockchain platform Shopping.io who will bring the facility for users to spend their eGold tokens at some of the world’s most popular eCommerce marketplaces.

The eCommerce industry is already booming and set for a massive expansion over the next decade. The eCommerce industry alone contributes to 21% of the total retail spendings across the US blockchain startup Elrond has come with a unique and exciting idea for US customers. On Tuesday, April 6, Elrond announced a new eGold payment facility directly at Amazon, Walmart, and eBay.

Beniamin Mincu, Elrond CEO said:

“Drone deliveries, intelligent homes resupplying automatically, virtual shopping experiences, customizable avatars, and other such technological advancements will continue to drive online sales and convenience for everyone. As a result, eCommerce is rapidly growing its share of the $5 trillion dollars US retail market. We’re excited to enable eGold as a means of payment in the new digital retail economy.”

Thus, the new payment facility allows eGold holders to use it against buying any products and services. Elrond has said that it won’t be charging any transaction fee, conversion costs, and waiting times thereby adding more utility to its token.

Elrond Partnering with Blockchain Platform Shopping.io for eGold Payments

To execute this eGold payments project, Elrond will be participating with the blockchain-based platform Shopping.io. This is a unified marketplace combining all major eCommerce platforms under one website. Besides, Shopping.io also facilitates crypto payments for online shopping purposes.

Also, the major reason Shopping.io’s formation is to enhance the online shopping experience using crypto as payment. It was established by some of the drop[ship experts in the industry. Shopping.io has already integrated large retailers like Amazon, Walmart, and eBay. Besides, it is also planning to onboard Chinese eCommerce giant Alibaba.

The integration of Elrond’s Gold to Shopping.io shall happen by Thursday, April 8. Arbel Arif, Shopping.io Owner said:

“We value the experience of our customers above everything else and we’re therefore excited to offer them the possibility of using the eGold and Maiar combo for making purchases on our platform.”

This is one of the interesting and unique developments in the crypto space. Crypto payments is the future of online shopping and many companies are already looking forward to it. One of the biggest players in this space is PayPal which recently launched a crypto payments facility for its US customers. PayPal will soon bring this facility to its worldwide users ahead of this year.

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.



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Price analysis 5/5: BTC, ETH, BNB, DOGE, XRP, ADA, DOT, LTC, BCH, UNI

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Bitcoin is trying to stage a comeback in order to catch up with the spectacular price action seen in Ethereum and other altcoins.



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Bitcoin back above $57K as ‘hundreds’ of US banks prepare to HODL for clients

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Bitcoin (BTC) staged a characteristic comeback on May 5 as a day of losses turned around in a flash.

BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview

BTC price nears $58,000

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD passing $57,000 again during Wednesday trading, with daily gains knocking on 5%.

The move marks Bitcoin’s second such “comeback” in a week. While the bearish trend reset, analysts were keen to see how much fuel Bitcoin had accumulated after dipping to near $53,000 overnight.

For Philip Swift, co-founder of trading suite Decentrader, fundamental indicators still pointed to a continuation of the longer-term bull market.

“I continue to think that Bitcoin will not crash and is more likely to range before breaking out to the upside,” part of a series of tweets read on the day.

“Many other indicators suggest $BTC has much more upside and the cycle is not over.”

Swift specifically noted that one tool, the Pi Cycle Top indicator, had “nailed” Bitcoin’s most recent all-time high of $64,500 in April. As Cointelegraph reported, Pi has become increasingly popular for those tracking BTC price trends over successive years.

At the time of writing, BTC/USD circled $57,200, ruminating after reaching local highs of $57,400.

No plain sailing for altcoin bagholders

Hodlers thus received a welcome response from the largest cryptocurrency, which had spent much of the week being humiliated at the hands of a surging altcoin market.

Among the astonishing movers were tokens such as Dogecoin (DOGE) and Ethereum Classic (ETC), the latter having laid dormant for much of the past three years since the end of the previous broad “alt season.”

Words of caution, veiled or not, were nonetheless not in short supply, as Bitcoin proponents warned about the fickle nature of such parabolic altcoin moves.

Acting in Bitcoin’s favor meanwhile was news that it would be supported by “hundreds” of banks in the United States in 2021, along with investment giant Grayscale becoming a sponsor of NFL team the New York Giants. 

“What we’re doing is making it simple for everyday Americans and corporations to be able to buy bitcoin through their existing bank relationship,” said Patrick Sells, head of bank solutions at crypto custody firm NYDIG, which is behind the scheme, revealing the scale of the rollout to CNBC.