2023-08-11

👍 No ETH? No Problem! Visa's New Move

Happy Friday folks,The charts have been quite dull this week...

I'll take a sideways week over a crash all day long. You?

  • 😐 Visa Simplifies Crypto

  • 🐈‍⬛ Gemini's 13th Blockchain

  • 📈 Base's Rapid Rise

🎮 Visa's Gas Fee Game-Changer

Taking a step that could redefine "filling up the tank" in the digital world, Visa is looking to streamline blockchain dealings.

Presently, users dabbling in Ethereum face the hassle of constantly juggling ETH to cover gas fees.This juggling act, like topping off a car's gas tank without a gauge, often leads to overpaying or running on empty. 👩🏼‍🦯

Enter Visa's groundbreaking solution: Let your credit card handle it.Here's how it revs up: When a user starts an Ethereum transaction, it signals a "paymaster" smart contract, which, acting like a keen-eyed gas station attendant, charges the user's Visa card for the transaction.No need for that pesky ETH middleman...nice! 👌

Having tested this on Ethereum's Goerli testnet with promising results, Visa's innovation could soon have crypto enthusiasts breezing through transactions without worrying about their ETH levels.As Mustafa Bedawala of Visa hinted, this tech might soon have broader applications, with merchants potentially fueling their customer transactions with Visa.Web2 integration of Web3 is the single biggest indicator of mass adoption...IMO

🤗 Gemini Embraces XRP Ledger

The Winklevoss twins, known for their Olympic rowing and Facebook "involvement," have now steered their crypto exchange, Gemini, to sail on Ripple's waters.

With the addition of the XRP Ledger, Gemini boosts its tally to 13 supported blockchains.Soon, XRP traders can dive in with USD and eventually swim with other currencies like GBP, EUR, CAD, and more.

I hope they have their floaties ready! 🏊‍♂️Their statement resonated enthusiastically: "Unlocking the next era of financial, creative, and personal freedom is our anthem, and XRP Ledger hits the right notes."

Interestingly, this embrace comes after Ripple Labs, the mastermind behind XRP, managed to dodge a legal tidal wave.Ripple recently netted a partial win against the Securities and Exchange Commission, though the SEC is plotting a comeback wave with an appeal.Like a dog with a bone...🦴

✈️ Coinbase's Base Soars Past 100k Users

Talk about a grand entrance! Coinbase's newest kid on the blockchain block, Base, marked its second day with over 136,000 daily users; like a pop singer getting a top chart hit right after their debut album release. 

Fresh Dune Analytics data reveals this spike, highlighting Base's skyrocketing popularity.

Interestingly, this vast array of users wasn't just the regular blockchain crowd.Nearly 30% were dipping their toes into Base's waters for the first time yesterday. 🦶New users are always a great thing for adoption!

CryptoRank tossed Base's hat in the ring, ranking it 4th in daily transactions speed among its peers, trailing behind zkSync Era, Arbitrum, and Optimism.Coinbase christened this new era as the "Onchain Summer." (well, they have to have a catchphrase, I suppose!) 🤦For users, Base offers a treasure trove of features, from trading on a decentralized exchange to christening their unique ".base" username. A robust start, indeed!As with all things crypto...always exercise caution!

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