Crypto
Safello introduces Apple Pay and Google Pay for cryptocurrency purchases
Following Safello’s agreement with Worldpay, enabling the processing of card payments for cryptocurrency purchases, the addition of Apple Pay and Google Pay further enhances the platform’s commitment to simplifying the buying experience for its users. By offering popular mobile payment solutions, Safello aims to cater to the evolving needs of its growing customer base.
With the new integration, customers can conveniently and securely use Apple Pay or Google Pay to purchase cryptocurrencies directly through the Safello platform. This functionality eliminates the need for manual entry of payment details and leverages the advanced security features provided by Apple Pay and Google Pay.
Officials from the cryptocurrency exchange said they recognise the importance of offering diverse payment methods and are happy to launch the integration of Apple Pay and Google Pay as part of their ongoing initiative to fortify their infrastructure and augment the customer experience.
More news from Safello
In February 2021, Klarna has teamed up with Safello to bring the former’s Open Banking solution to Safello’s brokerage platform for cryptocurrency trading.
Safello has experienced increased growth, both in new users and transaction volume. As a result, its users have been enabled to directly purchase cryptocurrencies from their bank account, using Klarna’s payment solution.
Sped up cryptocurrency purchases with Yoti
Safello and Yoti have partnered in 2019 to offer users the ability to purchase cryptocurrency in under 60 seconds without the need for creating an account. This collaboration allows Safello, a regulated online cryptocurrency brokerage, to integrate Yoti’s encrypted identity verification technology. Users can now buy or sell cryptocurrency on Safello’s platform without requiring an account.
The process involves selecting the desired cryptocurrency and amount, instant verification with Yoti, and payment via a credit card. Yoti, a global technology company, provides a digital identity app with over 3.8 million downloads, and its verification tech will be integrated into Safello’s platform.
What does Safello do?
Safello is a cryptocurrency exchange in the Nordics, with over 320,000 users. The company is enabling financial independence by making crypto accessible to everyone. It offers a secure way to buy, sell, and store crypto in seamless transactions at fast speeds. Operating in Sweden, Safello has been registered as a financial institution with Finansinspektionen (Swedish Financial Supervisory Authority) since 2013.
Crypto
Venezuela to shut down cryptocurrency mining farms
Venezuela’s Ministry of Electric Power announced it would disconnect all cryptocurrency mining farms from the national power grid (SEN, Sistema Electrico Nacional). The measure aims to control the high energy demand from these mining farms and ensure reliable service for citizens.
AlbertoNews, a local media outlet, reported the announcement on May 18.
“The purpose is to disconnect all cryptocurrency mining farms in the country from the SEN [National Electrical System], avoiding the high impact on demand, which allows us to continue offering an efficient and reliable service to all the Venezuelan people,”
the Ministry reported in its account in Instagram.
Notably, the announcement followed the seizure of 2,000 cryptocurrency mining machines in the country. This action is part of the government’s ongoing anti-corruption campaign. Leading to the arrests of several officials from state institutions.
Corruption with the National Superintendency of Cryptoassets
The National Superintendency of Cryptoassets (Sunacrip) has been under a restructuring board since the arrest of Superintendent Joselit Ramírez. Ramírez has connections to Tareck El Aissami, former Petroleum Minister and former president of Petróleos de Venezuela (PDVSA).
On that note, El Aissami was charged with treason, embezzlement, misuse of influence, money laundering, and criminal association.
Venezuela power grid issues and cryptocurrency mining
Venezuela has faced an ongoing electricity crisis since 2009, worsened by massive blackouts in 2019 that left cities without power for up to seven days. Frequent power outages have negatively affected the country’s quality of life and economic activities.
Therefore, Governor of Carabobo state, Rafael Lacava confirmed restrictions on cryptocurrency mining farms due to their significant electricity consumption. He urged residents to report illegal cryptocurrency mining operations to prevent power shortages.
“If you, neighbor, see a house that you know, tell that person to turn off the farm, or else report it, because when they turn off the light, because you have to give light to a man so that he can earn some reales (money), you are left without electrical service.”
– Rafael Lacava
As reported by AlbertoNews, experts attribute the crisis to poor maintenance and inadequate investment in the power grid. Meanwhile, the government blames sabotage and has promised to modernize the state-controlled power network.
Overall, Bitcoin (BTC) and cryptocurrency mining are known worldwide for their high energy consumption. Countries like China and Cazaquistan have banned the activity to preserve their power grids, centralizing mining in fewer locations.
Therefore, the fewer countries allowing this activity, the higher the security concerns will be, as a few miners dominate block discovery.
Crypto
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Crypto
RobotBulls Innovates Cryptocurrency Trading with AI and Blockchain Integration
RobotBulls, a pioneering force in the cryptocurrency market, has unveiled its latest advancements in leveraging artificial intelligence (AI) and blockchain technology to streamline the trading process.
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RobotBulls, a pioneering force in the cryptocurrency market, has unveiled its latest advancements in leveraging artificial intelligence (AI) and blockchain technology to streamline the trading process. This dual-technology approach not only simplifies trading operations but also enhances security and accuracy, providing traders from various backgrounds with an accessible and efficient trading platform.
AI and Blockchain: A Synergistic Approach for Streamlined Trading
At the heart of RobotBulls’ innovation is the integration of AI and blockchain technology. The platform utilizes advanced AI algorithms to analyze market data accurately and swiftly, offering users actionable insights to guide their trading decisions. Complementing this, blockchain technology ensures all transactions are securely recorded and immutable, reinforcing trust and transparency in all operations.
Key Features of RobotBulls: Elevating Trading Experience
RobotBulls’ platform is designed with several core features aimed at enhancing user experience:
- Streamlined Trading: Automated trading tasks allow users to execute strategies efficiently without the need for constant monitoring.
- Real-Time Analytics: The platform provides current market trend data, helping users make informed decisions and anticipate movements.
- Robust Security Measures: Leveraging blockchain, RobotBulls ensures all transactions are transparent and secure, significantly reducing the risk of tampering.
Benefits of Using RobotBulls: Efficient and Secure Trading Traders on RobotBulls enjoy multiple advantages:
- Time Efficiency: The automation of routine trading activities frees up time, allowing traders to focus on strategy development.
- Increased Precision: AI-driven analysis minimizes errors in data interpretation and trade execution.
- Enhanced Risk Control: Tools for managing trading risks, including customizable stop-loss settings, are readily available on the platform.
Continuous Innovation and Future Prospects
Committed to continuous enhancement, RobotBulls consistently upgrades its AI algorithms and explores more efficient blockchain technologies. These advancements aim to further expedite transactions and improve analytical capabilities, providing users with deeper insights and more robust trading options.
Supporting Traders with Educational Resources and Community Engagement
RobotBulls supports its users with an array of educational resources designed to aid both novice and experienced traders in navigating the platform effectively.
Additionally, the company fosters a strong community, enabling users to exchange strategies and insights, further enhancing their trading success.
Experience the Future of Trading with RobotBulls
For traders seeking to harness the potential of digital currencies through a secure, efficient platform, RobotBulls offers a powerful solution. To explore how RobotBulls can transform your trading experience, visit robotbulls.com.
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