PointPay Weekly Update (11–15 December 2023)

Nikita Mazikov -

Dear PointPay family,

Another week has come to an end, which means it's time for our regular Weekly Update! All the events and news from PointPay for the week are compiled in one place, keeping you informed!

PointPay News

Let's start with the most important and exciting news for all of us! This week, PointPay platform has reduced withdrawal fees for 6 cases. Assets like USDT, USDC, XLM, and XRP were among those affected.

The fee reduction is substantial! Ranging from 30% to as much as 97%, practically eliminating fees altogether! This, of course, was done considering various factors. We closely monitor the cryptocurrency market and witness significant improvements. Dozens and hundreds of new users are registering on our platform daily due to subtle marketing efforts. Moreover, following recent events on PointPay, user activity has surged, with them actively utilizing their assets.

Given all this, we've decided to lower the fees. We're delighted to enhance the user experience on PointPay and make the platform even better!

Equally significant this week were the listings. On Friday, our platform listed a whopping 11 new assets: Ocean Protocol (OCEAN), SuperRare (RARE), Synapse (SYN), Hashflow (HFT), CyberConnect (CYBER), ssv.network (SSV), Magic (MAGIC), Keep3rV1 (KP3R), The Graph (GRT), Illuvium (ILV), Radiant Capital (RDNT)! Thanks to user activity, we managed to list the maximum number of assets at once. This addition to our assortment will surely find its users as many of the cryptocurrencies represent interesting and unique projects.

Furthermore, Tuesday saw another listing! Two new assets, Axie Infinity (AXS) and Tezos (XTZ), were added to our platform. However, the highlight of this listing was the ability to stake both new assets! Axie Infinity (AXS) and Tezos (XTZ) can be staked on the PointPay platform, yielding rewards of 10.2% APR and 4.2% APR, respectively. An excellent opportunity to earn additional income—don't miss out!

Another listing to mention is the long-awaited BONE! Our collaboration kicked off a week ago, and finally, the token has been listed on the PointPay platform. Experience all the benefits of BONE yourself: trade, exchange, transfer, sell, and buy, as well as store BONE on PointPay!

The stream of good news concludes with an informative article tailored for our community! This article delves into what happened with CZ and Binance, Ripple's stance on it, and much more. An intriguing read that will help understand the situation from various angles. We highly recommend giving it a read!

Crypto Sphere News

This week, the crypto sphere experienced the aftermath of prolonged asset growth. After reaching a certain point, the price of BTC began a correction, dragging the rest of the crypto market with it. At one point, cryptocurrency prices almost rolled back to their pre-growth state, but the subsequent rebound allowed prices to increase again.

Currently, BTC is trading at $42,670. This is lower than the peak of $43,600, but still a high level compared to $40,000. We see a similar trend in the price of ETH, which initially dropped from $2,360 to $2,160, but then managed to recover to $2,275.

Thanks again for taking the time to read this update. We look forward to seeing you next week!

Happy trading!

🔥 Buy PXP tokens on Bitrue: https://bit.ly/3JEreHu

🔥 Buy PXP tokens on WhiteBIT: https://bit.ly/3qJrjRH

💰 Earn up to 7% yearly with PXP staking program in PointPay Bank: https://pointpay.io/staking

💡 Check PointPay Live-Roadmap (PointPay development in real-time): https://pointpay.io/live-roadmap/

🏦 Remember, we are PointPay, and we are beyond banking!