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WhatsApp Debuts Fiat Electronic Payments While Libra Remains Stuck in Regulatory Maze

WhatsApp has announced instant in-app fiat payments for over 120 million users in Brazil.

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Bitcoin Derivatives Firm ErisX Adds Cash-Settled Contracts After Physically-Settled Futures Fall Flat

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Cryptocurrency derivatives platform ErisX launched cash-settled bounded futures on Tuesday, after seeing little interest from the market for its physically-settled futures

ErisX CEO Thomas Chippas said the company had released physically-settled futures thinking that traders would be interested in trading spot bitcoin with the protection of a futures exchange and a futures clearinghouse. Cash-settled contracts don’t require the delivery of bitcoin like physically-settled contracts, allowing investors who can’t touch bitcoin to still profit off of it.

Physically-settled futures won’t become more popular until the exchange can offer physically-traded futures on margin, Chippas said. ErisX is working with the U.S. Commodity Futures Trading Commission (CFTC) to allow the exchange to offer margin in the future.

In the meantime, the exchange is launching cash-settled bounded futures, which provide upper and lower bounds on gains and losses, protecting investors from large price movements 

Last month, ErisX got CFTC approval to offer additional trading services.

Source: https://www.coindesk.com/bitcoin-derivatives-firm-erisx-adds-cash-settled-futures

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Bitcoin Tuesday aims to raise $1M for good causes today

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Bitcoin Tuesday, a crypto-based charity event hosted by The Giving Block, is looking to raise at least $1 million in donations today and over the rest of the month of December. The fundraising target makes Bitcoin Tuesday one of the largest crypto-based charity events ever. 

The Giving Block has secured partnerships with over 120 nonprofits and 30 blockchain companies to spearhead the charity drive.

Some of the biggest names in crypto will participate, including:

  • Gemini
  • Ledger
  • Blockfolio
  • Maker
  • Celsius Network
  • Flexa
  • 0x

Along with many other blockchain companies, they are stepping up to help charities collect Bitcoin (BTC) and other cryptocurrency donations before the holidays.

The charities accepting donations on Bitcoin Tuesday include:

  • Save The Children
  • American Cancer Society
  • WaterAid America
  • Foundation for Economic Education
  • Stack Up
  • Center for Policing Equity
  • No Kid Hungry

Bitcoiners are committed to social good, and this is one opportunity to make a practical difference beyond the choice to disrupt the financial system. It’s a chance to help Save The Children, or to promote justice before the law through the Center for Policing Equity.

Your donation could go toward Trees for the Future; fresh water in Uganda; providing meals for senior citizens, or finding homes for pets in rural America. There are over 100 charities participating, any of which will be grateful for your support.

The Giving Block tells Cointelegraph that Bitcoin Tuesday 2020 will see “1,000% growth in nonprofits accepting cryptocurrency donations.”

According to The Giving Block:

“All our charities accept more than just Bitcoin. Bitcoin is front and center, but you can donate every crypto currently supported on Gemini.”

They also believe that nonprofits themselves can aid crypto adoption by offering users the opportunity to donate via digital assets:

“Nonprofits adding crypto as an option across their website and platforms, calling for crypto gifts in their communications, posting about crypto on social media. This drives their mainstream audiences into the crypto scene which is invaluable.”

Cointelegraph is also participating in the event, and is working with The Giving Block to produce a charity Crypto Trivia quiz featuring top personalities in the blockchain space, to be held on Thursday Dec 10.

You can donate crypto to your favorite charity by visiting The Giving Block website. Select the organization you would like to support and pledge your crypto now for a good cause.

Source: https://cointelegraph.com/news/bitcoin-tuesday-aims-to-raise-1m-for-good-causes-today

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World’s first tradable carbon token launched by Universal Protocol alliance

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The Universal Protocol Alliance [UPA] which included prominent blockchain companies like Bittrex Global, Ledger, CertiK, InfiniGold, and Uphold launched the Universal Carbon [UPCO2] on a public blockchain. It can be bought and held as an investment, or burnt to offset an individual’s carbon footprint.

According to the press release shared with AMBCrypto:

“… the UPCO2 Token is set to democratize an important new asset class, which could lead to the establishment of a global clearing price for carbon (as today exists for such commodities as oil and gold) and more resources going directly into environmental projects.”

One UPCO2 token represented a verified project in the rainforest reducing its carbon dioxide emissions by one metric ton annually. The alliance provided a digital certificate issued by Verra, an international standards agency, which allows certified projects to turn their greenhouse gas (GHG) reductions into tradable carbon credits.

The Chairman of the UP Alliance, Matthew Le Merle noted:

“The projects we support through carbon credit purchases prevent deforestation in the Amazon, Congo Basin and Indonesia as well as other threatened rainforests. For a new generation of investors looking for more than mere financial return, UPCO2 offers attractive social, economic and environmental benefits. At a key moment for climate change, UPCO2 allows people worldwide to do good for the planet and potentially do well for themselves.”

The voluntary carbon credits backing these carbon tokens should eventually fetch the same price anywhere, as per the Chairman. The logic behind this was that they represent, a metric ton of carbon per year, which is measured the same for any company seeking to offset its carbon footprint. The dollar-denominated, globally-recognized, fungible, and perennial assets should maintain their option value until consumption.

The chairman further concluded:

“Combine a digital asset with a rainforest carbon offset and give everyone in the world access. How could that not be a great idea?”

Source: https://eng.ambcrypto.com/worlds-first-tradable-carbon-token-launched-by-universal-protocol-alliance

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