Weekly Update
Major cryptocurrencies continued to trade at similar levels throughout the week. The global crypto market cap is up by 1.11% to $1.09T. Over the past 24 hours, the overall volume of the cryptocurrency market has increased by 12% to $70.33B.
DeFi’s total 24-hour volume is $6.47B, or 9.19% of the overall crypto market volume. All Stablecoin volume is currently $64.21B, or 91.30% of the 24-hour volume of the whole crypto market.
Bitcoin was trading at about $23,046.14 at the time. According to data from CoinMarketCap, Bitcoin’s market share is currently 40.55%, a drop of 0.49% from the previous day.
Crypto Reward Card Launched in Argentina
In order to make it easier for individuals to use cryptocurrencies for everyday purchases in an area where the national currency suffers from one of the world’s highest levels of inflation, Binance and Mastercard have launched a prepaid rewards card in Argentina. According to a Thursday announcement by Binance, the largest cryptocurrency exchange in the world by volume, the card would allow users to make purchases and pay bills using Bitcoin and other cryptocurrencies.
The prepaid card will convert cryptocurrency users’ holdings on the Binance app into fiat money (US dollars or Argentine pesos) in real-time at the point of sale, according to the company’s release. Additionally, users will be able to receive up to 8% in bitcoin cash back rewards.
The card, which is currently in beta form and will be generally accessible in the upcoming weeks, will be introduced to Latin America for the first time in Argentina. Additionally stated in the release was that users would not be charged for ATM withdrawals.
