Visa Cryptocurrency Stock

Crypto: Parallel Finance wins 4th Polkadot auction; Visa says all banks need crypto strategy

Parallel Finance
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“DeFi to the Masses Project” Parallel Financing He easily won the fourth round of the Polkadot Crewdloan, collecting 10.75 million DOT tokens (approximately $300 million USD) from over 4,000 contributors.

Parallelism is overcome by a multi-threaded dApp hub liner For the third crowd last week but he led the way all the way this time.

“The Parallel Finance team thanks members of the community for demonstrating trust, thereby helping us become part of the Polkadot ecosystem by securing Parallel,” said Stanford-based Parallel Finance founder Yubo Ruan.

“It has been a huge milestone in a very short period of time. Since its inception in April 2021, Parallel Finance has been carving out a position as the most trusted institutional lending protocol for decentralized finance.”

In parallel, the distribution of token rewards for a group loan for about two years will begin later this month, with eight more distributions taking place every 92 days.

Backed by the likes of Sequoia, Polychain, Alameda Research and Lightspeed Ventures Capital, Parallel Finance offers unique DeFi lending solutions such as interest rate swaps, leverage and auction lending.

Clover Finance, Evenity and Manta Network will be contenders for fifth place in the auction. After that ends next week, auctions will stop for a week and then resume on December 23.

Visa says it all

Payments giant Visa has released a 30-page research paper on the global crypto phenomenon to mark the launch of its crypto advisory service for financial institutions.

The brief is based in part on an online survey of nearly 800 Australians, as well as 5,600 residents in seven other countries. It found that awareness of cryptocurrency among financial decision makers in Australia was almost universal, at 93 percent.

Among those “crypto-aware” Australians, 21 percent were cryptocurrency holders, meaning they have used it at least once to send or receive money, buy goods or accept payments. Another nine percent were considered passive crypto owners.

Notably, one in three Australian cryptocurrency owners said they were likely or very likely to change their primary bank to one that offers crypto products in the next 12 months, and 82 percent were also interested in buying cryptocurrency from their bank.

Visa said its global cryptocurrency advisory service targets financial institutions keen to attract or retain customers with crypto offerings, retailers looking to delve into NFTs, or even central banks that are exploring digital currencies.

“Over the past year, there has been a noticeable shift in mindset across the payments ecosystem, as companies have moved from being curious about cryptocurrencies to building a strategy and product roadmap,” said Anthony Jones, Head of Innovation and Partnerships at Visa Australia. New Zealand and the South Pacific.

“As consumer investment in the new asset class gathers momentum and Australians begin to evolve their way of thinking about the future of money, every financial institution will need a crypto strategy.”

“We are excited to help our clients and partners, globally and here in Australia, navigate this new era of money movement.”

Long seen by some in the crypto community as the type of business they would like to disrupt, Visa has made huge strides in the space, including buying CryptoPunk.

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