Top Crypto News: 02/21

After making an all-time high of $58,640, Bitcoin is now trading at $57,931. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to $1,938.

Let’s find out some interesting crypto news for today.

Fuse Network Introducing FuseDollar (fUSD) To Boost the Fuse Ecosystem

Fuse Network announced the introduction of the FuseDollar (fUSD), an asset-backed stablecoin. Moreover, fUSD is a 1:1, USDC-backed stablecoin which will be used as a medium of payment by the Fuse Network community. In addition, the team also has plans to link the Fuse mobile app with other payment options such as bank deposits, debit cards, credit cards, or Apple Pay. With this integration, users will be able to purchase FuseDollar and Fuse tokens directly from the mobile app. Furthermore, the team is also planning to add more stablecoins, such as DAI, for backing, which will allow users to diversify their portfolio.

PAID Network | KYC3COM Partnership To Streamline KYC Process of Ignition Platform

PAID Network partnered with KYC3COM to integrate KYC3 into the Ignition platform. As per the tweet, KYC3 will enhance the Know Your Customer (KYC) process with 2-factor biometric authentication. This partnership helps PAID to examine the information of the businesses they are dealing with. Moreover, PAID will use KYC3 and Peer Mountain for this analysis and their primary focus will be areas such as credit, settlement, transaction, loan, and insurance organizations. Furthermore, this implementation will simplify the KYC process as well as it will reduce the cost and onboarding time.

Exeedme Teamed up With ChainGuardians To Bridge Blockchain and NFTs Into Gaming

Exeedme partnered with ChainGuardians to bridge blockchain and NFTs into gaming. According to the tweet, this will help gamers to monetize their skills, and ChainGuardians gamers could challenge each other using the Exeedme platform. Moreover, the team has plans to integrate NFT mining, which will give more mining options to ChainGuardians users. Additionally, Exeedme gamers will also earn $XED and exclusive NFTs that they can trade, sell, or use to access exclusive DeFi and gaming events.

Kolektivo Labs Launched on Fuse Network To Expand Cryptocurrency Usage in Curaçao

Kolektivo Labs launched on Fuse Network to scale blockchain-based development in the island of Curaçao. Moreover, Kolektivo Labs is an innovative hub of socially influenced leaders and entrepreneurs, who are experienced in creating blockchain infrastructure tools. These tools are used to help and educate the people of Curaçao on cryptocurrencies. Additionally, this community created CuraDAI, which is a stablecoin that is backed by the local Antillean Guilder. Due to Ethereum’s high transaction fees and long waiting time, users were facing issues. Hence, the launch of Kolektivo Labs on Fuse Network will help users to send and receive CuraDAI in few seconds and under $0.01 despite any worries about the transaction amount. Furthermore, the team also has plans to bring governance and finance into a single dApp which will be available on iOS and Android.

Utrust Tapped the Largest E-Commerce Platform, Shopify, To Expand Crypto Usage Globally

The last crypto news we have from Utrust, which has announced the customized integration of Shopify for its merchants via the Utrust app. Moreover, Watches of Wales is the first to use this e-commerce facility. Watches of Wales is a leading name in the sale and purchase of the world’s finest brands, such as Omega, Rolex, and others. To use this service, the merchants have to file for an application to get limited access to the Utrust app. Additionally, the team has plans to add more merchants worldwide, which will increase the adoption of crypto assets globally.

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