Meta announced the first steps toward a marketplace in the metaverse with the creation and sale of virtual artifacts for Horizon Worlds, a transaction in which the platform will earn close to 50 % from creators.

The parent company of Facebook and WhatsApp announced the implementation of tools and different forms of monetization in its metaverse, Horizon Worlds, available for now to some users of legal age in the United States and Canada.

These tools will allow you to create and sell virtual accessories for the decoration of the worlds, or offer access to some worlds or specific parts of them. The transactions, however, will not be free for creators or sellers, as Meta plans to charge a fee for each transaction.

Although he did not reveal in the statement how much the fee would amount to, Horizon Vice President Vivek Sharma indicated in statements that 25 % of each purchase would be collected after discounting the fee that it already collects on the platform.

The data was shared, although more clearly, by a spokesman for Meta in statements. This person explained that Horizon Worlds will charge transactions for those virtual goods at 17.5 %, which will be in addition to 30 % of sales made through the Quest store. That is, 47.5 %, almost half of the transaction.

Source: dpa

La entrada Meta will charge 50 % for transactions in the metaverse apareció primero en Bitfinance.

The use of cryptocurrencies as a financial exchange instrument is limited due to the volatility, cost and speed with which transactions are carried out. However, some technology platforms like PayPal are taking up the challenge and have developed instruments that allow them to offer the services of carrying out transactions with different digital currencies.

In this global framework, the online payment giant PayPal announced its new service that will allow customers to buy, hold and sell cryptocurrencies directly from its platform. In addition, its clients will have the opportunity, starting in 2022, to use their cryptocurrencies as a source of financing to cancel their network of 26 million businesses around the world,” which could increase their utility.

For the president and CEO of PayPal, Dan Schulman, the transformation of physical money into digital forms is inescapable, which has implicit some advantages in terms of financial inclusion, access, efficiency, speed and resilience of the payment system, as well as the “Ability of governments to disburse funds to citizens quickly.”

Schulman admits that the organization’s experience in digital payments, its global reach, as well as its two-way network and the security processes and controls it possesses allow it to better understand, exchange, and interoperate these new financial instruments.

Paypal provides new financial tools for Latin America

Federico Gómez Schumacher, PayPal’s chief executive for Latin America, highlights the importance of the Latin American market for the organization. “It is no secret to anyone that Latin America still has a way to go in terms of adopting digital financial tools, as well as reducing the high levels of informality that persist in their economies.”

That is why the company wants to work and increase its presence in the region and thus contribute and help reduce poverty. Likewise, the organization will offer educational content that allows users to understand the cryptographic ecosystem, as well as its risks and opportunities related to investing in digital currencies and everything related to blockchain technology.

On the other hand, cryptocurrencies will become another source of financing within PayPal’s digital wallet, adding another improved utility for cryptocurrency holders. Merchants will not get any additional integrations or fees as all transactions will be settled in fiat currency at their current PayPal rates.

M. Rodríguez

Source: elaragueno.com.ve

La entrada PayPal offers a cryptocurrency purchase and sale service apareció primero en Bitfinance.

Cryptocurrency Cardano ADA has had a very hectic three weeks due to more than 50,000 new staking addresses it has registered, surpassing the 662,000 mark to launch a new milestone.

This number represents an increase of over 8 % since the first days of June when ADA obtained 600,000 staking wallets, In addition to another 2,656 active mining pools and their “staking funds totaled 29 billion dollars, 71 % of the total supply.”

During the month of June Cardano has also registered a pressure behind scenes. The crypto’s co-developers carried out an update to the Input Output Hong Kong, (IOHK), which “revealed that Alonzo can now execute smart contracts.”

The development is part of the Alonzo Blue phase and is the first on the Alonzo implementation roadmap. Additionally, and almost simultaneously, Cardano reported the start of investigations on the possibility or viability of “stable rates.”

IOHK exposed, in a blog post, that stable fees would facilitate fair and predictable prices for cryptocurrency transactions. Cardano estimates to rely on the “guidelines of the ledger of its current platform to easily integrate stable rates.”

On the other hand, the founder of the cryptocurrency, Charles Hoskinson, reported that his team is in dialogue with the authorities of El Salvador in order to analyze the possibility of Cardano also becoming legal tender in that country.

M. Rodríguez

Source: beincrypto.com

La entrada Cardano (ADA) achieves a new milestone apareció primero en Bitfinance.