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Gemini partners with Flexa; partnership will enable major retailers to accept crypto payments

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Gemini partners with Flexa; Winklevoss asserts "trying to build bridge from crypto island to mainland of finance"
Source: Pixabay

In a bid to foster cryptocurrency employment into the mainstream space, Gemini, the cryptocurrency exchange has partnered with Flexa, a global cryptocurrency payments network that enables major retailers to accept digital asset payments [to spend bitcoin, ether, Bitcoin Cash, and Gemini dollars] in stores. Announcing this latest development, Gemini, on its official Twitter handle revealed:



Gemini founders and Bitcoin billionaires Cameron and Tyler Winklevoss, have taken yet another step toward scaling crypto usage. Tyler Winklevoss, cited that the payment solution provider channel, Flexa will enable the users of digital assets to buy from prominent retailers across the US, like the Barnes & Noble, Baskin Robbins, Bed Bath & Beyond, Caribou Coffee, Crate & Barrel, Express, GameStop, Jamba Juice, Lowe’s, Nordstrom, Office Depot & OfficeMax, Petco, Regal Cinemas, Ulta Beauty, and Whole Foods Market.

Leveraging Flexa’s payment channels with the existing infrastructure of Gemini, the CEO revealed that the firm plans to enhance the payment experience and merchants who are currently dependant on complex and expensive traditional systems of payment.





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Chayanika holds a Journalism degree and is currently working with AMBCrypto. She is inquisitive about everything that the Blockchain Technology has to offer.

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Binance Coin [BNB] registers ATH as it surges by over 16,000% since inception

Namrata Shukla

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Binance coin [BNB] registers ATH as it surges by over 16,000% since inception
Source: Pixabay

The cryptocurrency market continued to register massive growth, as the prices of most major cryptocurrencies soared. However, the late entrant to the list, Binance Coin [BNB] is posing to be tough competition for other coins in terms of performance. BNB which entered the crypto market in July 2017, breached its all-time high and was trading at $28.79, at press time.

Source: Trading view

Source: Trading view

Binance Coin started out in July 2017 with a value of $0.1927 and marked its all-time high on May 18 at $31.91, according to the Trading View chart of the coin on Binance. BNB noted the growth of a massive 16,458.31% since 2017. However, until the beginning of 2019, BNB was valued at $6.59, after which the coin noted a surge by 384.15% and peaked at $31.



Source: CoinMarketCap

Source: CoinMarketCap

In the month of May, BNB noted a 28.16% growth, and the coin was valued at $28.66, with a market cap of $4.04 billion. The 24-hour trade volume of the coin was reported to be $551 million as it spiked by over 10% in a day. In the past seven days, the coin grew by 35.97%, but slipped by a minimal 0.25% in an hour.

BNB was highly traded on its native exchange, Binance via the BNB/BTC and BNB/USDT pairs. The BNB/BTC trading volume noted on Binance was $140 million, while the volume reported on the BNB/USDT pair was $132 million. The third place was taken by BKEX via the BNB/USDT pair as it registered a trading volume of $72 million.





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