Dear PointPay family,

Once again, the end of the week is upon us, which means it's time for a new Weekly Update! This update encompasses all the changes and enhancements in PointPay over the week, the latest news from the cryptocurrency sphere, and some exciting announcements. Stay informed and up-to-date with all the recent developments in one convenient place!

Let's begin with the tradition of announcing the winner. This time, we celebrate the victor of the Bug&Suggestions competition, as the Trading competitions are now featured on our website and apps. They autonomously track winners and reward them, with the rounds concluding on Mondays.

  • Congratulations to the winner of the Bug&Suggestions competition, user 16246388568, who has earned 7,500 PXP as a reward!

Well done! Your reward will be credited within a few working days. And now, a new round of competitions is already underway. Send us your ideas to enhance PointPay and report any bugs through the dedicated form for a chance to win 7,500 PXP!

Attention! PointPay introduces a new competition!

Starting today, and for the next month, we are launching the Marketing Suggestions competition! As we are nearing the completion of our marketing campaign preparations, we want to ensure we have covered all grounds. Therefore, we call upon users to share their marketing ideas to fine-tune our action plan!

The rules are simple: within the next month, until August 18th, submit your ideas using the provided form. At the end of the period, we will review all entries, and the author of the most exceptional idea will be rewarded with 5,000 PXP. Remember to present your idea comprehensively and in detail, including the desired outcomes. If you're eager to share your ideas with us, don't hesitate and fill out the form!

In addition to our ceaseless efforts towards the PointPay marketing campaign, this week has also seen negotiations with the Play Store and App Store. Our goal, following the global update release, was to expand our reach to more jurisdictions and regions, enabling users to download and use our app with ease.

Our Legal team has put in colossal work, conducting negotiations with both stores. As a result, we proudly announce that our app is now accessible throughout America and any country within the European Economic Area. This encompasses vast territories with millions of potential users who can seamlessly download and utilize our app!

Thanks to these regions, we have achieved an impressive 80% usage. However, we don't plan to stop there and aim to continue our expansion.

Moreover, this week marks the full-fledged launch of Trading competitions in the new format. As mentioned in the previous Weekly Update, you can now sign up for ongoing competitions and try your luck to secure a place in the top ranks! The current round will run until Monday when the results will be announced, and a new round will begin.

We are still diligently working on our platform. Thanks to your valuable assistance, we have identified several unique visual bugs that occurred rarely and were nearly unnoticed by users. With detailed reports, we have managed to resolve the issues, and now nothing will distract users from utilizing the platform. Once again, we extend our gratitude to all who submit bug reports with a description of the process and the platform. Your help makes us better day by day!

Now, let's share some news from the cryptocurrency sphere this week! One of the notable highlights was a discovery made by a Twitter user regarding changes to Tesla's payment website. In 2021, there was a brief period when customers could purchase Tesla vehicles using Bitcoin. However, this initiative was temporarily suspended in May.

On July 20, 2023, a user named LilMoonLambo found a Bitcoin payment code on Tesla's website code. It could be an oversight, but Elon Musk has never explicitly stated that he intends to permanently halt cryptocurrency payments for Tesla products. Moreover, Tesla holds over $184 million in digital assets, and according to the company's report for the first quarter of 2023, these assets were not sold, maintaining their quantity from the fourth quarter of 2022.

It is quite possible that we might soon witness the resurgence of the option to buy a Tesla vehicle with cryptocurrency!

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

Happy trading!


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