Weekly crypto roundup: Airbnb is exploring crypto payments

In today’s edition of Bitmama’s weekly crypto news roundup, we cover interesting developments in the cryptocurrency industry. From Airbnb exploring crypto payment as a payment option  for their service to NFT sales that reached  $2.73 billion on ten different blockchains to paypal looking into launching its own stablecoin. Let’s get started.

Airbnb explores crypto payments – CEO sees ‘a revolution happening in crypto’

Popular travel website Airbnb could soon accept cryptocurrencies for payments, CEO has hinted.

Airbnb’s CEO Brian Chesky says ‘There Is Clearly a Revolution Happening in Crypto ‘’. On Tuesday, he revealed that he received 4,000 suggestions, noting that the most popular one is for his company to accept crypto payments. Crypto payments is inclusive of a variety of token ideas. Airbnb operates an online marketplace in the travel industry. Since its launch in 2007, Airbnb has served more than 1 billion customers and more than 4 million hosts have listed their properties on the platform.

weekly crypto news roundup

The current payment options Airbnb offers in most countries are Visa, Mastercard, Amex, JCB, and “debit cards that can be processed as credit cards.” Apple Pay, Google Pay, and Paypal are also accepted.

$2.7 Billion in NFT sales recorded last month — Ethereum, Ronin, Solana top 3 NFT networks

This week on Google Trends, the acronym NFT, which stands for Non-fungible token, has reached a score of 100, the highest score a search query can get from a data analytics aggregator. While the crypto economy has seen a downturn, it is too early to say whether it will affect NFT sales. However, monthly statistics show that NFT sales reached $2.73 billion across ten different blockchain networks including Ethereum, Ronin, Solana, Flow, Polygon, etc.

Among the top 20 NFT collections by sales, the biggest gainers include Solana NFT collection Shadowy SuperCoder, up 170.46% this month, Bored Ape Chemistry Club, up 212.60%, and Bored Ape Kennel Club, up 159.19%.

weekly crypto news roundup

Notable favorites in the top 20 over the past 30 days include Doodles (+72.50%), RTFKT Clonex Mintvial (+72.83%) and NBA Top Shot (+87.85%). In the past month, NFT collection Wolf Game fell 81.02%, Farmers World fell 89.51%, and Neo Tokyo Identities fell 53.05%.

The blockchain with the highest NFT sales this month is Ethereum (Ethereum) sales were $2.3 billion, followed by Ronin with $219 million in sales, while Solana had $109 million in sales last month.

Ethereum Sales rose 34.41%, Flow sales surged 87.33%, and blockchain Polygon’s NFT sales rose 98.93%. While Ronin’s sales are down 66.51%, statistics show that Solana’s sales are down 10.31%, Wax blockchain’s sales are down 85.07%, and Theta chain’s NFT sales are down 90.31%.

PayPal is exploring designing its own crypto

PayPal, the American payments giant, is looking into launching its own stablecoin as the company grows its crypto business. Bloomberg reported in September that PayPal subsidiary Curv was actively developing a stablecoin.

PayPal told Bloomberg in an emailed statement: “We are exploring the possibility of launching a stablecoin; if and when we move forward, we will be working closely with relevant regulators.”

PayPal’s exploration into building its own stablecoin was first revealed by Bloomberg after developer Steve Moser found evidence of the company’s exploration in its iPhone app. Bloomberg reported that hidden code shows work on a “PayPal Coin.” The code shows the coin would be backed by the greenback.

weekly crypto news roundup

PayPal has been very active in its crypto assets’ initiatives recently, increasing its customers’ access to crypto and educating its users about it. Developing a way to withdraw cryptocurrency safely to third-party wallets.

Also read : Product Update: Bitmama Crypto Cards are Live


Bitmama Team

Jan 11, 2022

3 mins read

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