Retail shopping giant EBay Inc. has recently said that the company is open-minded about accepting cryptocurrencies as a form of payment.

In addition, it might also be looking at ways to get non-fungible tokens (NFTs) on its platform.

👉 "We are always looking at the most relevant forms of payment and will continue to assess that going forward. We have no immediate plans, but it (cryptocurrency) is something we are keeping an eye on," eBay said in a statement to Reuters.

👉 In an interview with CNBC, EBay CEO Jamie Iannone has made some bullish statements regarding the company's possible entry into the crypto space.
"We're exploring opportunities on how we can enable it (NFTs) on eBay in an easy way," he said.

👉 Cryptocurrencies are now being accepted by a growing number of industry leading corporations. It is high time that India takes a decision in this regard. Cryptocurrencies would soon be a major part of the global economy and we are now at the risk of falling behind.

https://twitter.com/CoinsbitIndia/status/1389528455667060740

Following the FUD regarding misleading reports claiming China has banned Cryptocurrencies, the price of $BTC dropped as low as $37,000.

Companies like Tesla and MicroStrategy have also taken a hit. While Elon Musk is now the world's third-richest man.


This is not the first time our market has seen a crash of this sort and it definitely won't be the last.

However, we must be careful with our investments during these volatile times.

#HODL (not financial advice)

https://twitter.com/CoinsbitIndia/status/1394993681925431300?s=19

David Fadairo, a young Nigerian player with Alki Oroklini Cyprus football club, became the first soccer player whose transfer was paid 100% in cryptocurrencies.

The payment was made using TheFutbolCoin a native token for TheFutbolApp, an economic ecosystem for football fans.

This is a major milestone that marks the perfect convergence of the #crypto industry and sports.

This would also act as an entry point for millions of fans out there who would be discovering #cryptocurrencies for the first time.

We can expect more players to follow suit.
https://twitter.com/CoinsbitIndia/status/1405111278054436875

Cryptocurrencies are going mainstream in India and the latest development comes from Raftaar who became the first Indian musician to start accepting payment in Cryptocurrencies.

This a major milestone for the Crypto industry in India.

“I’ve always been an ardent admirer of blockchain technology and I’ve always wondered why artists and managers alike haven’t explored the potentiality of this disruptive medium. Nevertheless, I’ve finally taken the baby steps in this direction," said the popular Rapper.

We believe this is just the beginning and we can expect more artists to follow suit.

https://twitter.com/CoinsbitIndia/status/1406161342906527745

DAILY NEWS: #Bitcoin continues to attract investors.

The Israel Investment Fund Group (IIFG), which controls Israel's sovereign wealth fund, has made a $2.3 billion investment in Bitcoin.

The global strategic plan will help Israel lead into the future, per the release
Throughout the past months, there has been a slurry of investments into #cryptocurrencies. #Bitcoin has been the favorite for large corporations, while #Ethereum has seen an uptick in total active addresses on the network.

Where do you see the #Crypto industry in 3 years?
https://twitter.com/CoinsbitIndia/status/1413783225533558792

DAILY NEWS: Three Major South Korean Banks are now offering #Cryptocurrency-based services.

Woori Financial Group is the latest South Korean Banking Conglomerate that announced plans to Offer #Crypto Custody Services in collaboration with Coinplug, a blockchain-based company.
As of now, all three major banks in South Korea are offering #Crypto custody services.

#Cryptocurrencies are drawing mainstream attention at a global level and Woori now joins the ranks of other major banks that have already entered the market.

Are Banks changing their tune?
https://twitter.com/CoinsbitIndia/status/1414857093530611715

DAILY NEWS: Another Grammy winner eyeing Cryptocurrencies.

Trevor George Smith Jr., professionally as Busta Rhymes asked his 3.8 million followers on Twitter what they think about cryptocurrencies.

Rhymes asked if anyone was into crypto and how people felt about it now.


Rhymes joins a long list of rappers who have dabbled with cryptocurrency. Many hip-hop artists, including 50 Cent, Talib Kweli, Snoop Dogg, and Eminem, have dabbled with the industry in one way or another.

Which Rapper do you think is next?
https://twitter.com/CoinsbitIndia/status/1415657667947753476

DAILY NEWS: Amazon may accept Bitcoin this year

A source claims Amazon plans to accept Bitcoin (BTC) payments before the end of 2021.

According to the insider, officials aim to add more prominent cryptocurrencies in the future.

Amazon is also said to be contemplating its own cryptocurrency as early as 2022.

The retail giant's foray into the Crypto sector is set to be a game-changer for the digital currency business.
Bitcoin surged beyond $39,000 in a single day following the announcement.

https://twitter.com/CoinsbitIndia/status/1419582630002003971

Did You Know?

Globally, Cryptocurrencies may produce up to $1 billion in income for the banking sector alone.

The gap between the banking sector and the Crypto world is narrowing down. Major banks like JP Morgan are already providing cryptocurrency-related services.
https://twitter.com/CoinsbitIndia/status/1420647989870161923

Today we celebrate the annual harvest festival of #Onam. We wish everyone celebrating a very Happy and Safe Onam.

On this auspicious day, let's take some time out and introduce our peers to the exciting world of #cryptocurrencies.
https://twitter.com/CoinsbitIndia/status/1429007161221210112?s=20

DAILY NEWS: Ukraine is the latest to accept Crypto 🇺🇦

The Ukrainian Parliament passed a legislation legalizing and regulating cryptocurrencies in a near-unanimous vote.

The law was introduced in 2020 and is presently on its way to President Volodymyr Zelensky's desk.

Locals could previously purchase and sell virtual currencies, but government authorities frequently kept an eye on crypto firms and exchanges.

Now, the nation intends to open the cryptocurrency market to companies and investors by 2022.

In a first for the Verkhovna Rada, lawmakers have also attempted to define key terms in the realm of crypto with this bill.

Ukraine joins a lengthy list of nations legalizing cryptocurrencies, as just a day ago reports of Panama introducing a crypto law surfaced.

Who's next?
https://twitter.com/CoinsbitIndia/status/1435885993962266626?s=20

DAILY NEWS: African's continue to embrace Cryptocurrencies

According to a Chainalysis report, Africa's crypto market has grown by 1,200% since June 2020.

It received digital currency worth $105.6 billion. However, Chainalysis says that it extends beyond volume.

Africa also has the most active market, with five nations in the top 20 of the Global Crypto Adoption Index.

According to Chainalysis, the region has a 7% share of the crypto industry is retail and small-sized payments, which is greater than the worldwide average of 5.5%.

Furthermore, peer-to-peer networks provide a lifeline for the Bitcoin industry in Africa. According to the New York-based blockchain analytics firm, no other region uses P2P networks more than Africa.

The resistance of banks in the nations like Kenya has aided in its rise.

https://twitter.com/CoinsbitIndia/status/1439863190729334789?s=19

Don't forget, you can now get a hold of your favourite #cryptocurrencies on Coinsbit India with INR 🤩

Deposit and withdraw directly from your bank account and start investing in the future now!

Not sure how? Check out this step by step guide 👇

https://coinsbitindia.medium.com/step-by-step-guide-for-inr-deposit-and-withdrawal-95bd8150a1ed

Still not investing in Cryptocurrencies? Here are some more reasons for you to get started!

#coinsbitindia #switchtocoinsbit #cin #cryptocurrencies