Crypto

PassimPay: the new frontier of cryptocurrency transactions – CryptoMode

Published

2 years ago

April 16, 2023

PassimPay: the new frontier of cryptocurrency transactions – CryptoMode

The world of cryptocurrencies is continually increasing. Some states, simply to call one, El Salvador, have adopted Bitcoin as a authorized foreign money. However as increasingly customers enter this world and start to make their first transactions with cryptos, they notice how fast and straightforward it’s to pay and obtain cash in cryptocurrencies.

Lately, increasingly entrepreneurs have began accepting funds in crypto for his or her companies. Therefore the concept of PassimPay is to offer a monetary instrument that may full crypto transactions immediately, securely, and with low charges.

Introduction to PassimPay

PassimPay might be outlined in a number of methods, because it has varied features wrapped up in a single platform:

PassimPay is a fee system that enables transactions with cryptos immediately. It’s an e-wallet the place customers can retailer their crypto in complete safety. Additionally it is a monetary instrument with a number of built-in and customizable options.

PassimPay is designed for use by everybody, consultants and newcomers in addition to particular person and enterprise customers, because of the intuitive and user-friendly dashboard and the twin account: Private and Enterprise.

The three key adjectives that describe PassimPay are: “Easy, handy, and dependable”, which can also be their motto, and which instantly makes it clear what PassimPay has set its sights on.

PassimPay: Twin account possibility on the service of customers

PassimPay has a helpful twin account possibility, as every account has distinctive options and alternatives for customers.

Throughout registration, customers can determine to create a Private or a Enterprise account relying on their wants and necessities.

Private account

The private account is to facilitate particular person customers to hold out their crypto transactions rapidly and simply, and as well as, it permits them to retailer their crypto in absolute safety.

Major Options

Funds accessible in seconds: From the second the transaction is profitable, customers have their funds accessible immediately, with out ready for hours or days, as is the case with nearly all banking transactions.
Respect for privateness: Account registration with out private data or paperwork. Respecting the anonymity and privateness of customers is among the core values of PassimPay and elements to contemplate always!
State-of-the-art safety system: PassimPay makes use of an revolutionary safety system that gives very high-security requirements. Among the many safety system value mentioning are: Two-factor authentication, SSL certificates, and Cloudfare safety.
Handy transactions: All deposits on PassimPay are 100% free with no charges and hidden prices, whereas for withdrawals, the payment ranges from 0.1% to 1%.
Customizable settings: PassimPay may be very versatile and permits all customers to regulate settings in response to their particular wants. All in a number of easy clicks and in an intuitive approach.

Enterprise account

The enterprise account is for all entrepreneurs who need to settle for cryptocurrency funds for his or her on-line retailer, e-commerce, and any enterprise challenge.

Major Options

API Integration: With easy API integration in a number of clicks, you’ll be able to join your corporation and begin receiving crypto funds.
Monitoring of all transactions: Due to the experiences possibility, you’ll be able to keep watch over the progress of your corporation. Observe all transactions that happen, each incoming and outgoing.
Actual-time notifications: At any time when there’s a new occasion, comparable to a brand new transaction, a brand new message obtained, and so on., you obtain real-time notifications.
Intuitive dashboard: it’s the important instrument for each consumer. It’s intuitive and user-friendly, with clear explanations of all the varied accessible options.
Low-fee transactions: All deposits are commission-free. Withdrawal charges differ relying on community and blockchain load. Nonetheless, it by no means exceeds 3.5%.

15+ accessible cryptocurrencies

PassimPay helps 21+ cryptocurrencies, the preferred with the best market capitalization. As an illustration: BTC, ETH, USDT, BNB, USDC, ADA, DOGE, SHIB, BUSD, LTC, TRX, BCH, EOS, and so on.

However the PassimPay group is continually updating the record by including new choices.

Within the crypto world, since there isn’t any middleman entity, as within the case of banking transactions, it’s important to make use of very high-security requirements, as cyber-attacks have gotten increasingly frequent. Because of this, PassimPay makes use of state-of-the-art safety measures. Amongst them: Two-Issue Authentication, Community/software firewall, DDoS safety offered by Cloudflare, Intrusion detection, and lots of others.

PassimPay: Step-by-step registration information

All of the options develop into accessible after registering an account and signing in. Here’s a detailed clarification of the varied steps on find out how to create an account in a number of clicks:

1) Go to the PassimPay web site https://passimpay.io/, and click on the “Enroll” button on the highest proper of the homepage.

2) Choose a Private or Enterprise account based mostly in your particular wants.

3) Select a username, e-mail, and password and tick “By checking this field, you verify that you’ve learn and comply with the Phrases of Service and Privateness Coverage”.

4) You’ll obtain a code by e-mail that you should utilize to activate the Two-factor authentication (2FA), a necessary safety measure to guard your account.

5) At this level, it’s essential to create a Grasp Key, which is the best way to recuperate your account should you lose entry to it. It is sufficient to tick the three packing containers and click on “Proceed”.

6) Copy and save your grasp key securely and click on “Verify”.

7) Enter the grasp key as required and click on verify.

8) Now you obtain a notification: “Welcome to your PassimPay account” and click on “Activate safety”, to activate the e-mail safety.

9) The registration is full, and you should utilize PassimPay.

In your comfort, right here is the hyperlink to the video with a step-by-step clarification from the official YouTube channel: https://www.youtube.com/@passimpay.

PassimPay associates program: additional earnings for customers

PassimPay supplies its customers with an associates program that enables them to earn additional earnings by sponsoring PassimPay and welcoming different customers to hitch the PassimPay group.

The system is straightforward: share your affiliate hyperlink that every account has with your pals and acquaintances, and every time considered one of your referrals withdraws funds. A fee relies on your stage: 5%, 7%, or 10%.

PassimPay makes use of this technique as a result of they firmly imagine that the best approach of promoting is when their customers share their private experiences concerning the challenge.

Ultimate ideas

PassimPay is more and more establishing itself on the worldwide market by rising its group with customers from worldwide. Increasingly more customers belief their companies and perform their crypto transactions because of its options that set it aside from different fee programs.

Not one of the data on this web site is funding or monetary recommendation and doesn’t essentially replicate the views of CryptoMode or the writer. CryptoMode just isn’t chargeable for any monetary losses sustained by appearing on data offered on this web site by its authors or shoppers. At all times conduct your analysis earlier than making monetary commitments, particularly with third-party evaluations, presales, and different alternatives.

Crypto

Trump launches meme coin ahead of inauguration

Published

5 hours ago

January 18, 2025

Press Room

Trump launches meme coin ahead of inauguration

Analysis: Trump plans to take Greenland, Canada, and Panama Canal

On Tuesday, President-elect Trump refused to rule out military action to pursue his unprecedented vow to take Greenland and the Panama Canal — plus absorb Canada. Why has he set his sights on expanding beyond the United States’ borders? Jim discusses that with Jim Zirin of Washington Monthly on “The Final 5.”

President-elect Donald Trump has launched a new meme coin called $TRUMP. He made the announcement in a post on Truth Social post late Friday, describing the cryptocurrency as a celebration of “WINNING” the presidential election.

Analysts say it has the potential to make a lot of money for Trump and his family, but some ethics experts say it’s another effort to cash in on the nation’s highest office.

What is the $TRUMP coin?

The new Trump-backed meme coin is a cryptocurrency token with an image of Trump following his assassination attempt.

It was developed by Solana, a cryptocurrency and blockchain company, with a limited supply of 200 million $TRUMP coins at initial launch. The supply will expand to 1 billion coins over the next three years, the coin’s website states.

The remaining tokens that haven’t been put up for sale yet are owned by the Trump Organization affiliate CIC Digital LLC and Fight Fight Fight LLC, a company formed in Delaware on Jan. 7, state filings show. Forbes reports that both companies will receive an undisclosed amount of revenue from the coin trade.

By the numbers:

The price of $TRUMP increased by more than 300% to just below $29 as of 10:15 a.m. ET Saturday. It reached a market cap of $5.81 billion, according to CoinMarketCap data obtained by Forbes.

$TRUMP disclaimer

There’s a disclaimer on the $TRUMP website stating that the token is “not intended to be, or the subject of” an investment opportunity nor a security of any type, and is “not political and has nothing to do with” any political activity or government agency.

RELATED: Millionaire says he’s buried $2M in hidden treasures across the US

Why are meme coins risky?

Dig deeper:

Although all cryptocurrency carries risk, meme coins can be especially risky for traders, an expert told CNBC.

“Meme coins are among the riskiest of cryptocurrencies because they seem to emerge from nowhere and information about them can be sparse,” he says. “They’re expected to soar and plummet as the public sentiment shifts this way and that. Meme coins may capture the public’s fancy today and be gone tomorrow.”

Why are Trump’s meme coins considered unethical?

The other side:

Ethics attorneys called the latest venture by Trump and his family a blatant effort to profiteer from the presidency.

“It is literally cashing in on the presidency — creating a financial instrument so people can transfer money to the president’s family in connection with his office” Adav Noti, executive director of Campaign Legal Center, a nonprofit ethics group, told The New York Times. “It is beyond unprecedented.”

Crypto surges after Trump win

The backstory:

The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Trump when he’s sworn in as president next week.

RELATED: Crypto markets surge after Trump’s election victory

Once a skeptic who said a few years ago that bitcoin ” seems like a scam,” Trump has embraced digital currencies with a convert’s zeal. He vowed on the campaign trail to take steps early in his presidency to make the U.S. into the “crypto capital” of the world.

His promises including creating a U.S. crypto stockpile, enacting industry-friendly regulation and event appointing a crypto “czar” for his administration.

“You’re going to be very happy with me,” Trump told crypto-enthusiasts at a bitcoin conference last summer.

By the numbers:

According to Forbes, bitcoin hit several new record highs after Trump’s win, surpassing $100,000 within a month of Election Day. Roughly $1.8 trillion was added to the global crypto market’s aggregate market value in 2024, and $1 trillion of that was since Election Day, according to CoinGecko via Forbes.

Other Trump merchandise

Big picture view:

Trump’s meme coin is one of several products he has launched in recent years. He has a line of perfumes and colognes, along with “Trump Watches” celebrating his election win. His pre-win “Trump Watches” were valued up to $100,000 in September, and there was also the debut of $100 silver coins, 1,000 pairs of limited edition sneakers, $60 Trump-branded bibles and NFT cards, according to Forbes. Trump also released a line of signed and unsigned guitars sold at $11,500 and $1,500 each, respectively, for $4.6 million in sales.

Trump has received the bulk of his merchandise revenue through his NFTs, which reportedly earned him about $7.2 million in licensing fees.

Donald J. TrumpMoney

Crypto

Commerce Nominee Lutnick Is Backer of Outlaws’ Favorite Cryptocurrency

Published

13 hours ago

January 18, 2025

Press Room

Commerce Nominee Lutnick Is Backer of Outlaws’ Favorite Cryptocurrency

To the crypto company Tether, the account was identified only by a 31-character string: TTAHMdqoom4f2VTWniroPWQHcTRZ4ca.

It’s a cryptocurrency wallet address, one of more than 300 million around the world that have held Tether tokens and make up a global unregulated payments network. Unlike a bank or fintech company, Tether collects no personal information about most of its users. Anyone can open a crypto wallet and move money with Tether quickly, cheaply and anonymously.

Crypto

Bitcoin enthusiasm rides high as Trump prepares to take presidential office

Published

21 hours ago

January 18, 2025

Press Room

Bitcoin enthusiasm rides high as Trump prepares to take presidential office

Bitcoin adjacent stocks got a substantial lift after the cryptocurrency’s price jumped over $104,000 on Friday.

Bitcoin mining behemoth, Mara Holdings (NASDAQ: MARA) was the biggest and most vocal, climbing by 13 per cent. It was followed closely by Riot Platforms (NASDAQ: RIOT), MicroStrategy Inc (NASDAQ: MSTR) at 7 per cent and Coinbase Global Inc (NASDAQ: COIN) at 5 per cent.

The original cryptocurrency’s good fortunes have been at the behest of Donald Trump’s election victory, based on the optimistic take that the incoming administration will take a more favourable approach to crypto, and Bitcoin in particular.

In December, Trump appointed Paul Atkins to lead the Securities and Exchange Commission. Atkins, who previously served as an SEC commissioner under President George W. Bush, has recently focused on digital assets. He is set to replace Gary Gensler, widely regarded as a crypto critic. Trump will also likely replace several SEC commissioners whose terms are set to expire during his administration.

Furthermore, crypto advocates and holders will soon shape U.S. policy on the emerging technology, following a series of nominations and advisory appointments by President-elect Donald Trump, who takes office on Monday.

The crypto industry, after years of battling lawsuits and enforcement actions by the U.S. government, hopes the Trump administration will signal a policy shift. Officials will vet political appointees for potential conflicts, and some appointees have pledged to sell their interests.

The industry will host a sold-out black-tie ball in Washington on Friday, with ticket prices ranging from USD$2,500 to USD$10,000. David Sacks, serving as Trump’s artificial intelligence and crypto czar, plans to attend.

Read more: BlackRock launches Bitcoin ETF in Canada

Read more: Cryptocurrency fugitive Do Kwon extradited to US

Trump’s tenure will be cryptocurrency friendly

The reasons for the optimism surrounding the cryptocurrency’s future don’t necessarily begin and end with Trump either.

The president-elect has filled his inner-circle with a number of different cryptocurrency friendly personalities, most of whom are well-known and well-respected in the space.

Scott Bessent, a billionare hedge fund manager, is Trump’s pick for Treasury Secretary. He has expressed favourable views on cryptocurrency. According to a financial disclosure filed last month, Bessent holds shares in a BlackRock bitcoin exchange-traded fund valued between $250,001 and $500,000.

“Crypto is about freedom and the crypto economy is here to stay,” he said in July. “I think everything is on the table with bitcoin.” ‘

In a letter to the U.S. Treasury last week, Bessent stated he would divest his interests in the fund and other investments within 90 days of his confirmation.

Further, Trump selected Tesla’s chief and the world’s richest man to lead a government cost-cutting initiative called the Department of Government Efficiency (DOGE).

Elon Musk, a longtime advocate for cryptocurrencies like bitcoin and dogecoin, has significantly influenced their prices through his public comments and the actions of his companies. The acronym for Musk’s cost-cutting agency, DOGE, references dogecoin, now the seventh-largest cryptocurrency with a circulation value of $4.5 billion, according to CoinGecko.

In 2021, Tesla purchased $1.5 billion in bitcoin, making it one of the largest companies to invest in cryptocurrency before selling most of its holdings. By September 2024, Tesla reported holding $184 million in unspecified digital assets, according to a financial statement. Musk did not respond to a request for comment via Tesla regarding his personal cryptocurrency holdings.

Read more: Tether Limited sets up first brick and mortar office in El Salvador

Read more: Cryptocurrency fugitive Do Kwon extradited to US

Trump to encourage leadership in crypto

Vice President-elect J.D. Vance held between USD$250,001 and USD$500,000 in bitcoin as of August 2024, according to a financial disclosure.

Vance co-founded the venture capital firm Narya, which has invested in Strive, Ramaswamy’s asset management company, and the video platform Rumble, as indicated on its website. In November, Rumble announced plans to allocate its excess cash reserves to bitcoin. The company also received a USD$775 million investment from stablecoin firm Tether last year.

When asked for comment on the crypto stances of Vance and Trump’s sons, Trump-Vance transition spokesperson Brian Hughes stated—without providing evidence—that bureaucrats in Washington had attempted to stifle innovation with increased regulation and higher taxes.

“President Trump will deliver on his promise to encourage American leadership in crypto and other emerging technologies,” he said in a statement.

Finally, set to collaborate with Musk at DOGE, former presidential candidate and entrepreneur Vivek Ramaswamy is the founder of Strive Asset Management.

Strive reported managing over USD$1 billion in assets as of September, and filed last month to launch an exchange-traded fund (ETF) that invests in corporate bonds for bitcoin investments.

In November, the company launched a wealth management arm aimed at integrating bitcoin into Americans’ investment portfolios, according to a press release from Ramaswamy.

In June 2023, Ramaswamy disclosed holding between $100,001 and $250,000 in bitcoin and between $15,001 and $50,000 in ether, a smaller cryptocurrency.

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