Geographical conflict stimulates demand for asset preservation. Encrypted assets return to the attention of payment giants

On February 24, 2022, the Russian-Ukrainian conflict broke out and quickly developed into the largest war in Europe since World War II.

Meanwhile, the Central Bank of Ukraine suspended electronic cash transfers and ATMs were no longer available. This means that millions of Ukrainian citizens, even refugees and escapees, have no access to the funds necessary to meet their basic needs.

And in response to Russia’s February attack on Ukraine, where democracies continue to impose new sanctions on Russia, the world is shocked by the sanctions imposed on Russia by permanently neutral Switzerland: Swiss Federal Secretary for Economic Affairs Office official Erwin Bollinger said on March 24 that Switzerland has frozen Russian assets worth 5.75 billion Swiss francs (about 6.17 billion U.S. dollars) in Switzerland, and the total amount may continue to increase. Nearly 900 people have been involved. individuals and 62 companies.

That is to say, your assets do not belong to you, but belong to the bank where the assets are deposited.

Amid such chaos, one Ukrainian commented in a tweet that his Ukrainian credit card was no longer available, everything he had in his Ukrainian bank account was gone, and now he was left with only cryptocurrencies . Cryptocurrency saved his life, he is currently safe abroad, he has cryptocurrency that can protect his livelihood, but the benefits of cryptocurrency are not limited to individuals, but also to the government.

Crypto Assets Played a Value Circulation Role in the Russian-Ukrainian War

Given the destruction of the traditional financial system, the presence of cryptocurrencies in Ukraine’s war is not limited to securing aid and facilitating daily operations, but as the West uses sanctions as a weapon to deter Russia, Ukraine is now trying to expose what Moscow politicians are using Cryptocurrency wallets, amid warnings that Russia could use digital currencies to evade sanctions, especially as some Russian banks are banned from using the SWIFT global interbank payments system.

Authorities in Kyiv have launched an appeal on social media for information on cryptocurrency wallets controlled by politicians in Russia and Belarus. In his tweet, Deputy Prime Minister Mikhailo Fedorov thanked the people who donated to Ukraine and that the country’s cryptocurrency community will reward those who provide details to identify the politicians involved.

UULLHWHbfpW6I9wvBldbeOLDNwZTfJsKHvMaDM4I.png

Given the fact that cryptocurrencies have become extremely useful in financing violent or other conflicts. This means that crypto assets will play an increasingly important role in the risk of future political or military conflict, including the possibility of politicizing cryptocurrencies themselves, as we see Ukraine and Russia getting closer to crypto assets Attitude (Ukraine legalized cryptocurrencies on March 18, while Russia has recognized the legal status of cryptocurrencies earlier). The internet is increasingly part of a world at war, and the war between Russia and Ukraine may be the “world’s first crypto war,” but it certainly won’t be the last.

Market Encrypted Assets Acceptance Increase Giants are optimistic about the future development of encrypted assets

A new report from global payments solutions provider Checkout.com was released yesterday (April 6) at the Bitcoin 2022 conference in Miami, “Demystifying Cryptocurrencies: Revealing the Adoption of Digital Currency for Payments in 2022,” found in e-commerce transactions Both the adoption and interest in using cryptocurrencies in China are increasing.

According to the data, the popularity of cryptocurrencies is rising rapidly among the younger demographic, especially among 40% of users between the ages of 18 and 35 who have expressed interest and intend to use cryptocurrencies to pay for products or services in the next year.

It is worth noting that there has been a major shift in attitudes towards cryptocurrencies, from being simply seen as an investment vehicle to one used to conduct day-to-day commerce. Last year, less than 30% of peers supported cryptocurrencies.

What’s more, the report also found that consumers are growing faster than online companies, with only 23 percent of businesses saying they want to accept cryptocurrencies as a payment method by 2024. Growing consumer demand for more convenient and secure payment methods has led to an increase in the use of cryptocurrencies. With this comes an increase in merchants and third-party providers of the underlying infrastructure necessary to support such approaches.

As a result, retailers and markets are already feeling the effects of crypto. In the first quarter of 2022 alone, Visa’s crypto-enabled cards processed over $2.5 billion in payments. Interestingly, merchants accepting cryptocurrency payments saw a new net increase, with 82% saying the options helped them quickly attract new customers and reach new demographics.

Finally, the study noted that purchases were not the only growth, as 51% of companies reported that at least some employees expressed interest in getting paid in cryptocurrency.

In fact, in March 2021, PayPal announced on Twitter the launch of a new service called “Checkout with Crypto” that will allow customers to choose Bitcoin, Litecoin, Ethereum or Bitcoin Cash as a payment method, and can Make payments to millions of online merchants worldwide;

3tVVd5CgGGVQXUBgVZEco0tCXJppB7ya5zQZlWbt.png

In November 2011, John Collison, co-founder of American online payment company Stripe, said that Strip would not rule out the possibility of accepting cryptocurrencies as a payment method in the future. In December of the same year, VISA and its partner Crypto.com launched the prepaid card Crypto.com Visa Card, which enables cryptocurrency payments to be made on the curve.

A new way of global consumption that directly realizes cryptocurrency payment – HyperCard

HyperCard is a comprehensive consumption card, which can be used for global payment by recharging digital currency. It supports consumption in more than 176 countries and 50 million merchants around the world, and can be used in multiple terminals such as POS machines and ATM machines.

qFRArxl584cd471mHfEFaMgGlwOZaB67qaHWHtKC.png

As a global standard prepaid card, HyperCard supports binding consumption by three-party payment companies. Every payment you make with HyperCard is guaranteed, and consumer privacy is protected by law. HyperCard has two card types: virtual card and physical card. The virtual card currently supports MasterCard Euro card and Visa US dollar card, and more card types will be added in the future; the physical card supports both US dollar and Euro cards, including UnionPay, Visa and MasterCard.

Compared with the Visa card launched by Crypto.com, which requires the purchase of CRO tokens, the HyperCard direct application, direct recharge, and direct consumption method obviously caters to the specific demands of the market, and the HyperCard has more obvious advantages than the Crypto.com Visa card. :

HyperCard Rebates HyperCard users can enjoy four major rebates without swiping their cards, including card opening fee rebates, recharge fee rebates, balance interest income, and friend rebate commissions. For specific rebate ratios and rules, please refer to the official description.

HyperCard Cashback

HyperCard users can enjoy four major rebates without credit card consumption, including card opening fee rebate, recharge fee rebate, balance interest income, and friend rebate commission. For the specific rebate ratio and rules, please refer to the official description.

Easy to apply

Applying for HyperCard is convenient and can be processed remotely by submitting application materials in the app without going to the counter. The virtual card can be used within 24 hours after being reviewed and approved, and the physical card can be received within one month.

very low rate

HyperCard rates are very competitive in the market. The recharge fee is as low as 1.3%, and the monthly service fee is as low as 1 Euro. For specific rates, please refer to the card description.

Quick recharge

HyperCard supports recharge of various cryptocurrencies. Users can recharge USDT, BTC, ETH and other encrypted assets in the HyperPay App, which can be quickly converted into the corresponding USD or EUR into HyperCard.

super high limit

The consumption limit of HyperCard is very competitive in the market. There is no upper limit for recharge. The daily consumption limit is as high as 50,000 US dollars. Please refer to the card description for the specific consumption limit.

global payment

HyperCard can be used in more than 176 countries and more than 50 million merchants around the world, and used in tens of thousands of ATM outlets around the world, enabling cryptocurrency consumption anytime, anywhere.

(Note: HyperCard application needs to be operated through the HyperPay App)

Summarize

With the rapid development of encrypted assets and the increasing acceptance of encrypted assets in the world, the boundary between fiat currency and encrypted assets will become thinner and thinner. At the same time, encrypted asset credit cards have greatly reduced the exposure of traditional people to encrypted assets The threshold of screening encrypted assets also avoids the risks of such people when holding encrypted assets to a certain extent, whether it is for investment demands, or for quick realization, or to meet the demands of daily consumption, As a mature digital currency credit card, HyperCard allows cardholders to enjoy more convenient services.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/geographical-conflict-stimulates-demand-for-asset-preservation-encrypted-assets-return-to-the-attention-of-payment-giants/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

Like (0)
Donate Buy me a coffee Buy me a coffee
Previous 2022-04-08 11:08
Next 2022-04-08 11:09

Related articles