Coincheck Secures SEC Approval to Become First Japanese Crypto Exchange on Nasdaq
A Japanese-based cryptocurrency firm, Coincheck, has successfully secured a spot on the Nasdaq global market following the US SEC’s approval. The Japanese company press release disclosed that Coincheck met all the criteria required for admittance into the US stock exchange. Noteworthily, Coincheck’s new feat implies it will become the pioneer Japanese project to appear on the Nasdaq. This approval came a few years after Coincheck established a regional branch. SEC took ample time to scrutinize the exchange and its services to avoid predisposing the indigenes to risky adventures. Events Surrounding Coincheck SEC’s Approval After satisfying the guidelines drafted by the regulatory framework on cryptocurrency matters, the SEC approved the exchange’s operations without restrictions. Before Nasdaq’s listing, Coincheck completed its F-4 registration and other necessary pre-listing rites ahead of the official listing event slated for December 10. Notably, the exchange submitted the form on November 5, and it became effective on November 12. However, before the trading platform’s complete recognition in the global market, it has to be integrated with Thunder Bridge Capital Partners (TBCP). Thunder Bridge Capital Partners is a group of companies that offers a competitive advantage to selected crypto firms to boost their presence in the digital market. This integration would aid Coincheck in maintaining a relevant membership with the Monex companies even after the listing exercise. It is pertinent to state that the merging of Coincheck with TBCP depended on the outcome of an in-house collaborative decision on December 5. Under favorable agreements, Coincheck will move on to the final stage of the listing process. Contrary decisions imply that Coincheck would remain irrelevant in the global market. Coincheck Making New Waves In The Digital Market. The listing of Coincheck on the Nasdaq global market would significantly affect the United States financial system and Japan’s economy. The listing event would lead to a greater adoption rate, driving top investors to open business enterprises in the US stock exchange. Being the first crypto firm from Japan with full recognition in the Nasdaq stock market will serve as a standard for other Japanese-based projects, eventually leading to the expansion of the digital ecosystem in the region.
The Essential Guide to Cross-Border Payments With Crypto for Travelers
Before heading to Hawaii, travelers have to book tickets and pay for expenses in U.S. dollars, which means exchanging their local currency. With exchange rates fluctuating constantly, they can end up paying almost double the original amount. This all-too-common scenario reveals a real issue: traditional cross-border payments make travel more expensive and complicated than it needs to be. The hidden costs of international transactions extend beyond just exchange rates. Bank transfer fees, currency conversion charges, and processing times can turn what should be a straightforward payment into a costly and time-consuming ordeal. Now how can this be solved? Simple, just use crypto to pay for the expenses. Although most travel industries don’t accept crypto payments, this article will shed light on how using cryptocurrencies can change cross-border payments for travelers. Key Takeaways Advantages of Using Crypto for Travelers Other than being the best compared to traditional currencies, cryptocurrencies offer several advantages for travelers: Speed of Transactions and Reduced Waiting Times Cryptocurrency transactions are generally much faster than traditional bank transfers. This means that travelers can access their funds more quickly, reducing waiting times and providing greater flexibility. For example, if a traveler needs to withdraw cash from an ATM, cryptocurrency transactions can often be processed almost instantly, allowing them to access their funds without delay. Avoiding Exchange Rate Headaches One of the most significant advantages of using crypto cards for travel is the ability to bypass traditional exchange rate fees and fluctuations. When you use a crypto card, you’re essentially spending directly from your crypto balance, eliminating the need for currency conversion. This can result in significant savings, especially for travelers visiting multiple countries with varying currencies. Enhanced Security and Privacy Crypto cards offer an added layer of security compared to traditional debit or credit cards. Transactions are typically encrypted, and often, only a wallet address is shared, rather than personal banking details. This makes crypto transactions more secure and provides privacy that regular cards simply cannot offer. For travelers visiting countries with less stable financial systems or where card fraud is more common, crypto cards can offer some peace of mind. Accessibility and Convenience Cryptocurrency doesn’t follow the same rules as traditional currencies. This means you can access your funds almost anywhere, anytime, as long as you have an internet connection. There’s no need to worry about bank holidays, time zone differences, or delays in payment processing. Popular Cryptocurrencies for Travel You don’t want to use cryptocurrency that is not globally accepted for your tourism. Instead, opt for widely recognized digital currencies that ensure seamless transactions and security. Bitcoin (BTC) Known as the most recognized cryptocurrency for travel, Bitcoin boasts around 5 million users globally. Created in 2009, it’s accepted by many travel companies. Bitcoin can be sent for transactions or to individuals, with each transaction recorded securely on a public ledger through blockchain technology. While transactions can be slower than newer cryptocurrencies, Bitcoin’s wide acceptance makes it a safe choice for booking flights and travel services. Ethereum (ETH) As the second biggest cryptocurrency, Ethereum is widely accepted for travel purchases. It’s faster than Bitcoin, travelers choose Ethereum because it’s secure and works anywhere with internet access, making it great for international bookings. Tether (USDT) Tether is perfect for travelers who want stability. It stays equal to one US dollar, so you don’t have to worry about price swings when booking travel. It’s super fast, handling 50,000 transactions per second, and works with common currencies like USD, GBP, and Yuan. USD Coin (USDC) Like Tether, the USD Coin is stable and always worth one US dollar. It’s becoming popular for travel because it’s simple to use and reliable. Binance Coin (BNB) BNB is backed by the world’s largest crypto exchange, making it reliable for travel bookings. It offers low fees and fast processing, which is great when you need to book flights quickly. Many travelers like it because you can pay directly from Binance wallets. How to Use Crypto While Traveling Cryptocurrency can offer unique benefits for travelers, from avoiding hefty conversion fees to potentially accessing funds in regions with unstable currencies. Getting Started with Crypto for Travel Before you start your journey, set up a reliable cryptocurrency wallet. Popular options like UEEx or Gemini offer user-friendly interfaces and strong security features. Remember to enable two-factor authentication to keep your funds safe. Booking Your Travel with Crypto Many airlines and travel agencies like Travala, now accept cryptocurrency as payment. You can book your flights directly with airlines that accept crypto or use travel booking platforms that welcome cryptocurrency payments. Using Crypto for Daily Travel Expenses While traveling, you can use cryptocurrency for various expenses. Many restaurants like Burger King, especially in crypto-friendly cities, accept direct crypto payments. For transportation, some taxi services and car rental companies have started accepting cryptocurrency. If you’re using services like Bolt, you can link your crypto wallet to make payments seamless. Smart Ways to Acquire Crypto During Travel If you need to buy more cryptocurrency while traveling, you can use debit cards or peer-to-peer platforms like PayPal. Many countries have local cryptocurrency exchanges or Bitcoin ATMs that make it easy to acquire crypto. Making the Most of Crypto Travel Opportunities Consider participating in crypto-related events during your travels. Many destinations host cryptocurrency conferences, hackathons, and meetups. These events not only provide networking opportunities but sometimes offer travel scholarships or accommodations. Challenges and Risks of Using Crypto Even though crypto offers a lot of potential benefits, it also comes with its fair share of challenges and risks. Volatility of Cryptocurrency Values First, let’s talk about volatility. The value of cryptocurrencies can change dramatically from one day to the next, which makes it tricky for travelers. Imagine planning to spend $100 worth of Bitcoin on a nice dinner, but by the time you’re ready to pay, it might only be worth $90. Sweet right? But this unpredictability means you can’t always count on having the same spending power, forcing travelers to constantly check prices and
A Beginner’s Guide to the Concept of Cryptocurrency
New to cryptocurrency? This beginner’s guide will help you understand the basics of cryptocurrency, demystifying the complex world of digital currencies.