Home / Forex News /Bitpapa Enters Kenyan Cryptocurrency Market

Bitpapa Enters Kenyan Cryptocurrency Market

12 Sep 2022

On September 12, the multinational chain of coffeehouses, Starbucks, announced the firm has partnered with the blockchain project Polygon and unveiled the company’s Web3 technology called Starbucks Odyssey. The Web3 platform Starbucks Odyssey will provide Starbucks rewards members and the company’s U.S. employees with the opportunity to earn non-fungible token (NFT) assets.

Starbucks has immersed its feet into blockchain, Web3, and NFT technology by revealing a new Web3 application powered by Polygon. “[The] new Starbucks Odyssey experience will offer members the ability to earn and buy digital collectible stamps (NFTs) that will unlock access to new, immersive coffee experiences,” the company’s corporate stories and news page notes. “As one of the first companies to integrate NFTs with an industry-leading loyalty program at scale, Starbucks will create an accessible Web3 community that will enable new ways to engage with members and partners (employees).”

Polygon also confirmed the partnership on Twitter and in a blog post called “Starbucks Taps Polygon for Its ‘Starbucks Odyssey’ Web3 Experience.” In the blog announcement, Polygon states:

This one-of-a-kind loyalty program experience is powered by the low fees and high transaction speeds on the Polygon PoS network.

Starting today, Starbucks customers and employees can join the waitlist in order to get an exclusive invitation to the Starbucks Odyssey experience. The company says the platform will be launching live “later this year.” Ryan Butz, the vice president of loyalty, strategy and marketing for Starbucks says the technology is well positioned with the company’s sustainability goals.

“Building Starbucks Odyssey using technology that aligns with our sustainability aspirations and commitments is a top priority,” Butz noted in a statement on Monday. We took a very thoughtful and thorough approach when evaluating which blockchain to utilize and Polygon’s fast, low-cost, and carbon-neutral network is the perfect foundation for our first digital community,” the vice president of loyalty rewards mentioned.

What do you think about Starbucks partnering with Polygon? Let us know what you think about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Editorial photo credit: AngieYeoh / Shutterstock.com

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.

On September 12, the multinational chain of coffeehouses, Starbucks, announced the firm has partnered with the blockchain project Polygon and unveiled the company’s Web3 technology called Starbucks Odyssey. The Web3 platform Starbucks Odyssey will provide Starbucks rewards members and the company’s U.S. employees with the opportunity to earn non-fungible token (NFT) assets.

Starbucks has immersed its feet into blockchain, Web3, and NFT technology by revealing a new Web3 application powered by Polygon. “[The] new Starbucks Odyssey experience will offer members the ability to earn and buy digital collectible stamps (NFTs) that will unlock access to new, immersive coffee experiences,” the company’s corporate stories and news page notes. “As one of the first companies to integrate NFTs with an industry-leading loyalty program at scale, Starbucks will create an accessible Web3 community that will enable new ways to engage with members and partners (employees).”

Polygon also confirmed the partnership on Twitter and in a blog post called “Starbucks Taps Polygon for Its ‘Starbucks Odyssey’ Web3 Experience.” In the blog announcement, Polygon states:

This one-of-a-kind loyalty program experience is powered by the low fees and high transaction speeds on the Polygon PoS network.

Starting today, Starbucks customers and employees can join the waitlist in order to get an exclusive invitation to the Starbucks Odyssey experience. The company says the platform will be launching live “later this year.” Ryan Butz, the vice president of loyalty, strategy and marketing for Starbucks says the technology is well positioned with the company’s sustainability goals.

“Building Starbucks Odyssey using technology that aligns with our sustainability aspirations and commitments is a top priority,” Butz noted in a statement on Monday. We took a very thoughtful and thorough approach when evaluating which blockchain to utilize and Polygon’s fast, low-cost, and carbon-neutral network is the perfect foundation for our first digital community,” the vice president of loyalty rewards mentioned.

What do you think about Starbucks partnering with Polygon? Let us know what you think about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Editorial photo credit: AngieYeoh / Shutterstock.com

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.

Solana moved closer to the $40.00 mark on Monday, as it rose for a sixth straight session to start the week. Bullish momentum in the world’s ninth largest cryptocurrency intensified, following a breakout of a resistance point of $36.35. Near protocol was also in the green, as prices rose by over 10% on Monday.

Solana (SOL) climbed to a three-week high to start the week, as the token moved towards the $40.00 level

Following a low of $34.48 on Sunday, SOL/USD was able to reach a peak of $38.15 so far in today’s session.

Today’s rally comes as the toke rose past a key resistance level of $36.30 for the time since August 19.

As seen from the chart, Monday’s rally came as the 10-day (red) moving average crossed its 25-day (blue) counterpart for the first time in over a month.

In addition to this, the 14-day relative strength index (RSI) is currently tracking at 61.31, which is its strongest reading since August 13.

This is marginally below a ceiling of 64.05, which will likely be the main hurdle preventing prices from rising above $40.00.

Near protocol (NEAR) was another notable mover to start the week, with prices nearing a one-month high.

NEAR/USD was able to climb to a peak of $5.25 on Monday, less than 24 hours after trading at a low of $4.72.

Monday’s surge comes as near protocol rose for a sixth consecutive session, with today’s top the highest point it has reached since August 16.

This recent rise in bullish momentum comes following an upwards crossover of the 10-day (red), and 25-day (blue) moving averages last week.

As a result of the increase in price, the RSI has moved to its strongest level since August 13, and is currently tracking at a reading of 64.25.

Should bulls continue to maintain the current sentiment, NEAR could continue to move closer to a target price of $5.50.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, NEAR, near protocol, SOL, Solana

Do you expect near protocol to hit $5.50 in September? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons, sdx15 / Shutterstock.com

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

Solana moved closer to the $40.00 mark on Monday, as it rose for a sixth straight session to start the week. Bullish momentum in the world’s ninth largest cryptocurrency intensified, following a breakout of a resistance point of $36.35. Near protocol was also in the green, as prices rose by over 10% on Monday.

Solana (SOL) climbed to a three-week high to start the week, as the token moved towards the $40.00 level

Following a low of $34.48 on Sunday, SOL/USD was able to reach a peak of $38.15 so far in today’s session.

Today’s rally comes as the toke rose past a key resistance level of $36.30 for the time since August 19.

As seen from the chart, Monday’s rally came as the 10-day (red) moving average crossed its 25-day (blue) counterpart for the first time in over a month.

In addition to this, the 14-day relative strength index (RSI) is currently tracking at 61.31, which is its strongest reading since August 13.

This is marginally below a ceiling of 64.05, which will likely be the main hurdle preventing prices from rising above $40.00.

Near protocol (NEAR) was another notable mover to start the week, with prices nearing a one-month high.

NEAR/USD was able to climb to a peak of $5.25 on Monday, less than 24 hours after trading at a low of $4.72.

Monday’s surge comes as near protocol rose for a sixth consecutive session, with today’s top the highest point it has reached since August 16.

This recent rise in bullish momentum comes following an upwards crossover of the 10-day (red), and 25-day (blue) moving averages last week.

As a result of the increase in price, the RSI has moved to its strongest level since August 13, and is currently tracking at a reading of 64.25.

Should bulls continue to maintain the current sentiment, NEAR could continue to move closer to a target price of $5.50.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, NEAR, near protocol, SOL, Solana

Do you expect near protocol to hit $5.50 in September? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons, sdx15 / Shutterstock.com

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

PRESS RELEASE. His Excellency Sheikh Khalifa is a member of the Abu Dhabi Ruling Family and holds prominent regional positions, including Chairman of the Private Department of H.E. Sheikh Mohammed bin Khalid Al Nahyan and Chairman of the Board of Directors of Wajib Volunteering Association.

Central to Islamic Coin’s ethics-first sustainability drive, his experience will prove invaluable when the Shariah-compliant crypto launches its Evergreen DAO, focused on supporting SDG compliant ventures and charities around the world.

“It is an honor and obligation to join Islamic Coin and work together on building what will bring so much positive change,” commented by H.E. Sheikh Khalifa.

Targeting 1.1 billion Muslim internet users worldwide, as well as supporters of straight forward and transparent finance, Islamic Coin has already attracted attention from leading figureheads in traditional and Islamic finance. The Executive Board features Hussein Al Meeza, an acclaimed award-winning banker with over 40 years of experience spanning the Islamic banking, finance and insurance sectors, one of the key personalities involved in establishing Dubai Islamic Bank – the first fully fledged Islamic Bank in the world. The Board’s impressive roster also includes Khamis Buharoon AI Shamsi, the former Assistant Director of the Finance Division, and Assistant Director of the Internal Audit Division of the Central Bank of the UAE. Traditional Finance has also taken notice. The Executive Board also recently welcomed Greg Gigliotti, CEO, Chief Investment Officer and Founding Partner of Xtellus Advisors. A respected fund manager with experience at Goldman Sachs and other global institutions, Mr Gigliotti managed a portfolio of over $16 Billion during his career.

Islamic Coin’s Shariah Board is led by Sheikh Dr. Nizam Mohammed Saleh Yaquby, recognized by Bloomberg as ‘The Gatekeeper’ of a $2 trillion market for Islamic financial products. Sheikh Yaquby sits on the Shariah boards of top international finance including HSBC, Lloyds TSB and Barclays; France’s BNP Paribas and Credit Agricole and Citigroup.

Islamic Coin will be launching on Exchanges soon and plans to roll out multiple supporting features including a wallet and superapp.

Links:

https://islamiccoin.net

https://t.me/islamiccoin_int

https://discord.gg/Xf59fjJj

https://www.twitter.com/Islamic_Coin

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales

Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... read more.

PRESS RELEASE. His Excellency Sheikh Khalifa is a member of the Abu Dhabi Ruling Family and holds prominent regional positions, including Chairman of the Private Department of H.E. Sheikh Mohammed bin Khalid Al Nahyan and Chairman of the Board of Directors of Wajib Volunteering Association.

Central to Islamic Coin’s ethics-first sustainability drive, his experience will prove invaluable when the Shariah-compliant crypto launches its Evergreen DAO, focused on supporting SDG compliant ventures and charities around the world.

“It is an honor and obligation to join Islamic Coin and work together on building what will bring so much positive change,” commented by H.E. Sheikh Khalifa.

Targeting 1.1 billion Muslim internet users worldwide, as well as supporters of straight forward and transparent finance, Islamic Coin has already attracted attention from leading figureheads in traditional and Islamic finance. The Executive Board features Hussein Al Meeza, an acclaimed award-winning banker with over 40 years of experience spanning the Islamic banking, finance and insurance sectors, one of the key personalities involved in establishing Dubai Islamic Bank – the first fully fledged Islamic Bank in the world. The Board’s impressive roster also includes Khamis Buharoon AI Shamsi, the former Assistant Director of the Finance Division, and Assistant Director of the Internal Audit Division of the Central Bank of the UAE. Traditional Finance has also taken notice. The Executive Board also recently welcomed Greg Gigliotti, CEO, Chief Investment Officer and Founding Partner of Xtellus Advisors. A respected fund manager with experience at Goldman Sachs and other global institutions, Mr Gigliotti managed a portfolio of over $16 Billion during his career.

Islamic Coin’s Shariah Board is led by Sheikh Dr. Nizam Mohammed Saleh Yaquby, recognized by Bloomberg as ‘The Gatekeeper’ of a $2 trillion market for Islamic financial products. Sheikh Yaquby sits on the Shariah boards of top international finance including HSBC, Lloyds TSB and Barclays; France’s BNP Paribas and Credit Agricole and Citigroup.

Islamic Coin will be launching on Exchanges soon and plans to roll out multiple supporting features including a wallet and superapp.

Links:

https://islamiccoin.net

https://t.me/islamiccoin_int

https://discord.gg/Xf59fjJj

https://www.twitter.com/Islamic_Coin

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales

Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... read more.

PRESS RELEASE. In the face of financial regulators’ overall negative attitude toward digital assets, P2P marketplaces have become the platforms of choice across Africa. As the world leader in P2P cryptocurrency exchange, Kenya has drawn much attention from many P2P exchange service providers. Bitpapa is one of them, and it has recently entered the Kenyan crypto market.

As a global P2P marketplace operating worldwide, Bitpapa has been offering cryptocurrency trading services since 2018, only a matter of time before it entered the highly lucrative Kenyan cryptocurrency market.

Thanks to Bitpapa, now users can trade their Bitcoin (Ethereum, TON, Monero and USDT) for the Kenyan shilling in a safe and secure P2P environment via a website, mobile app or a Telegram bot (unique among crypto trading platforms).

There is the ease of convenience for users via a simple registration with an email address. No ID verification is required or confirmation with a phone number. Users can start trading immediately after activating their account by following a link sent to their email. There are no limits to how much a user can trade daily, even if they stay unverified.

On the Bitpapa platform, there is a policy that dictates the fair and equal treatment of all account users. The friendly and knowledgable support staff is available round the clock 24/7 to help with any issues or queries.

The marketplace always protects the trades on the platform, whether the user is the buyer or the seller. When a user buys cryptocurrency, Bitpapa can assure them that the seller will go through with the deal. The purchased cryptocurrency is locked in escrow, which prevents malicious traders from ripping a user off. If the seller doesn’t release coins once paid, a user can start a dispute, and then the marketplace intervenes.

For the sellers, the coins are released only after receiving payment, and the burden of proof is on the buyer. Therefore, the buyer must prove that the buyer transferred the payment to the seller according to the provided details.

A trade is either transacted, and the counterparties receive their due, or it gets cancelled with no one losing anything.

It is not uncommon to use P2P marketplaces as remittance services. Internal transfers on Bitpapa are instant and free of charge, and a user can use them to send coins from one user to another. All wallet addresses remain the same – Bitpapa knows which belongs to the marketplace and automatically distinguishes between internal and external addresses.

Moreover, with the powerful Telegram bot, users can create Bitpapa codes and give them to their friends or customers. People can then redeem these codes on Bitpapa to top up their balance on the platform at no cost.

Now that Bitpapa has launched in Kenya, the competition in this market is heating up. Cryptocurrencies have excited Kenyan users worldwide, and Bitpapa aims to be their go-to platform for crypto exchange and trades.

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

Source From : News

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