Web3 🌑 Friday Highlights: Crypto Updates: Lufthansa's NFT Loyalty Program, Binance's Belgian Solution and Binance's Latin American Move
1/ 📢Lufthansa Launches NFT-Based Loyalty Program.
2/ 💡 Binance Finds a Way to Continue Serving Belgian Users.
3/ 🌟 Crypto Markets Take Profits After SEC Ruling.
4/ 🌎 Binance Launches Send Cash in Latin America.
For further details, let's keep reading! 👇
The world of cryptocurrency is bustling with intriguing developments, from innovative NFT-based loyalty programs to strategic maneuvers by major exchanges. Lufthansa Group soars into the NFT realm with its Uptrip loyalty program, Binance navigates Belgian regulations through a Polish entity, and takes another stride by launching Send Cash in Latin America, solidifying its commitment to accessible and affordable crypto transfer.
1/ Lufthansa Launches NFT-Based Loyalty Program. 📢
Lufthansa Group has launched an NFT-based loyalty program called Uptrip, which rewards passengers with digital collectibles that can be redeemed for perks like free Wi-Fi, airport lounge access, and airline miles. The program is built on Polygon, an Ethereum scaling network, and was previously soft-launched with over 20,000 users.
The Uptrip program is a unique way for Lufthansa Group to reward its passengers and engage them with the brand. It also marks the latest example of a major brand using NFTs to create innovative loyalty programs.
Andrew Hayward
2/ Binance Finds a Way to Continue Serving Belgian Users.💡
Despite being ordered by the Belgian financial regulator to cease all crypto services in the country in June, Binance has found a way to continue serving Belgian users through its Polish entity.
Binance Poland sp. z o.o., which is registered with Polish regulatory authorities, is now the entity that provides Binance services for Belgian residents. This means that Belgian users can continue to trade on Binance, but they will need to accept the Terms of Use of Binance Poland for Belgian users and may also be asked to resubmit some of their know-your-customer (KYC) documentation.
Lubomir Tassev
3/ Crypto Markets Take Profits After SEC Ruling. 🌟
Bitcoin and major cryptocurrencies have retraced their gains from the past two days after a U.S. court ruling that could potentially open the door for a spot bitcoin ETF in the U.S. The CoinDesk Market Index, a weighted index of over 100 tokens, fell 0.71% in the past 24 hours, suggesting profit-taking across the board.
The sell-off was likely triggered by profit-taking after the recent rally, as well as by a general risk-off sentiment in the markets. Some traders have also cautioned against the optimism surrounding the SEC ruling, saying that it is too early to say whether it will lead to the approval of a spot bitcoin ETF.
Despite the recent sell-off, Bitcoin is still up about 10% in the past week. The long-term outlook for Bitcoin remains bullish, as more and more institutions are adopting the cryptocurrency.
Shaurya Malwa
4/ Binance Launches Send Cash in Latin America.🌎
Binance has launched Send Cash, a new product that allows users in 9 Latin American countries to transfer crypto to bank accounts at the lowest cost in the market. The product is powered by Binance Pay and uses licensed transfer processing providers to make transfers more efficient and secure. The launch of Send Cash is a major step forward for Binance in its mission to make crypto more accessible and affordable for people in Latin America.
In conclusion: As the chapters of these crypto tales unfold, they offer a glimpse into the intricate tapestry of this digital frontier. Lufthansa's NFT-based loyalty program emerges as a unique bridge between the skies and blockchain, underscoring the boundary-pushing potential of digital collectibles. Binance's ingenious solution to Belgian regulations showcases the adaptability and resilience of major exchanges. The ebb and flow of crypto markets, influenced by regulatory winds, remind us of the sector's intricate dance with global forces. Finally, Binance's Latin American endeavor propels cryptocurrency transfer accessibility to new heights, weaving a narrative of financial inclusivity.
Disclaimer: The information provided in this blog post is based on external sources. Please do your own research and due diligence before making any investment or financial decisions based on the content shared here.
