Bitcoin, Ethereum, Meme Coins Fall; WhatsApp To Allow Crypto Payments In US
WhatsApp has introduced a new trial program that allows a “limited number” of individuals in the United States to send and receive money using cryptocurrencies from within a chat. Payments are done using Pax Dollars (USDP), a stable coin tied to the US dollar produced by Paxos, according to Novi CEO Stephane Kasriel in a tweet late Wednesday.
Meanwhile, on December 10, the values of all major coins—Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB)—all plummeted.
Bitcoin prices declined 3.02 percent to $48,411.60 at 9 a.m., while Bitcoin’s market domination is now 40.28 percent, up 0.38 percent on the day.
“With Omicron derailing the global economy’s recovery momentum, Bitcoin will have to face challenges such as an extended altcoin season.” according to experts.
Dogecoin (DOGE), Shiba Inu (SHIB), Dogelon Mars (ELON), and Samoyedcoin (SAMO) have all had their prices drop in the last 24 hours.
Dogecoin has dropped 3.72 percent and is now trading at $0.1709.
10:00 a.m. Shiba Inu was down 3.92 percent and was trading at $0.00003513, Dogelon Mars was down 3.11 percent and was selling at $0.000001181, and Samoyedcoin was down 8.80 percent and was trading at $0.04289.
The entire crypto market volume was $104.67 billion, up 2.53 percent, while the global crypto market value was $2.27 trillion, down 3.72 percent in the past 24 hours.
The highest gainer was All BEST ICO (ALLBI), which gained 1171.21 percent and was trading at $0.03658 at 9:00 a.m. SafeDogecoin (SAFEDOGE), on the other hand, suffered the most loss, plummeting by 79.90% to $0.1288.
Novi, a cryptocurrency wallet by Meta Platforms Inc, would allow users to transfer and receive money using WhatsApp, the social media giant’s messaging service.
“The Novi digital wallet now has a new opportunity to try it out. “A limited number of individuals in the United States will be able to send and receive money using Novi on WhatsApp starting today, making transferring money to family and friends as simple as sending a message,” Novi CEO Stephane Kasriel writes on Twitter.