Cash.ph prospects can now purchase, promote, and maintain USDC, Chainlink (LINK), and Kyber Community Crystal (KNC) on the platform, the corporate introduced right this moment. This comes after the elevated native demand for cryptocurrencies coupled with the rise within the world market capitalization of cryptocurrencies. Customers can test the brand new tokens once they obtain the latest model of the Cash.ph app on Google Play and iOS.
USDC is a stablecoin backed 1:1 by the US greenback. It is without doubt one of the high stablecoins with a market cap of round $26 billion on the time this text is written. USDC, launched by the Middle Consortium, which is an initiative between high crypto firms Circle and Coinbase, is without doubt one of the most clear stablecoins; it’s audited often, making certain the general public that there’s all the time a greenback backing each USDC accessible. This makes USDC a preferred selection when companies select to pay their staff in crypto.
Chainlink is a decentralized oracle community supposed to deliver real-word information into good contracts. The cryptocurrency LINK is the community’s native token for use to pay node operators, who in flip, stake their LINK to take part and supply information companies. Actual world information may very well be something value recording on the blockchain — be it value feeds and even climate data. The demand for such exercise has spurred LINK opponents, however LINK stays a high cryptocurrency, at one level changing into no. four on Coingecko’s crypto market rankings.
The Kyber Community permits tokens to be swapped with one another throughout decentralized apps, wallets, and decentralized finance (DeFi) platforms with out an middleman. It does this by aggregating liquidity throughout numerous sources permitting simpler alternate of tokens. KNC is the governance token of the Kyber Community, which can also be used to pay charges on the community.
Customers merely must replace their Cash.ph app to the most recent model and so they solely must create the wallets for every token contained in the platform. The choice is just accessible for ID and Selfie verified prospects.
The three tokens will be part of Bitcoin, Bitcoin Money, Ether, and XRP, bringing the whole accessible cryptocurrencies on Cash.ph to eight. This marks the primary time the platform is including new tokens since 2018, when it added XRP and Bitcoin Money. In line with Franco Araneta, the corporate’s advertising and marketing officer, the launch is a part of Cash.ph renewed effort to supply its prospects with extra choices throughout the app itself. Swapping from token to the subsequent might be completed simply on Cash.ph, together with the choice to transform the cash to and from Peso, which in flip, would permit the purchasers to make use of their funds to reap the benefits of Cash.ph’s different options, resembling paying for payments, shopping for cell credit, and even donate to charities.
The timing of the launch coincided with growing native demand for cryptocurrencies and revitalized competitors that Cash.ph is dealing with throughout the native crypto business. Whereas the present crypto market’s momentum has slowed, the market cap continues to be considerably larger than from the earlier years. The native business can also be dealing with competitors from worldwide exchanges and P2P marketplaces. “The final time we up to date our platform with new tokens was in 2018” says Nauman Mustafa, CEO of Cash.ph “so we owe it to our rising buyer base to proceed to work on enhancements and improvements to make their expertise with digital finance higher.”
This text is first printed on BitPinas: LINK, USDC, KNC Now Available at Coins.ph!