Ethereum

Beam

Arthur

<div class="cryptonews">
 <p class="is-style-lead">With $95 million in funding, Eco plans to deliver on crypto’s promises of mass adoption and reliable decentralized payments inclusive of existing mainstream platforms.&nbsp;</p>
 <p>Eco, the builders behind Ethereum layer-2 wallet Beam, announced its acquisition of the <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a>-based <a rel="noopener noreferrer nofollow" title="shopping" href="https://thebittimes.com/tag/shopping.html">shopping</a> app Join to bridge the gap between major merchants like Amazon, Shopify, and crypto users.&nbsp;</p>
 <p>Beam Wallet from Eco is a self-custody wallet allowing users to make payments on Ethereum L2 networks like Coinbase’s Base and Optimism, with <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> like account abstraction that unlock advanced security and recovery pathways. The Eco protocol boasts some of the biggest crypto backers, such as Andreessen Horowitz, Lightspeed, Pantera Capital, and Venture Partners.</p>
 <p>Integrating Join will enable customers to spend <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a>s like Tether’s USDT in supported online stores and allow the option to transfer money to recipients around the world instantly.</p>
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 <p>In a statement seen by crypto.news, Join co-founder and CEO Tom Dean said the takeover signals the next generation of seamless, user-friendly crypto payment experiences on a global scale.</p>
 <p>Beam CEO Andy Bromberg added that the move aligns with an underlying philosophy to surpass limits inherent in traditional finance.</p>
 <blockquote class="wp-block-quote">
  <p>We’re bringing together two mission-driven teams working to increase crypto’s viability for everyday transactions. Combining Join’s seamless merchant integration with Beam’s peer-to-peer payments focus advances our goal of making Beam the best payment product on the market.</p> <cite>Andy Bromberg, CEO of Beam</cite>
 </blockquote>
 <p>A combined market capitalization of nearly $140 billion makes <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a>s a crucial sector of the nascent cryptocurrency industry. Not only are these tokens pegged to fiat currencies like the U.S. dollar, outfitting digital assets users with a low-volatility currency, but <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a>s also serve as gateways in and out of crypto.&nbsp;&nbsp;</p>
 <p>Stablecoins have proliferated multiple leading blockchains like Ethereum, Solana, and Bitcoin might be next. A report from CoinShares stated that an emerging Bitcoin-based <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> slated for this year could usurp titans like Tether in terms of transaction speed and cost efficiency.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Aggregate stablecoin supply sees largest increase since October
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/eco-acquires-stablecoin-shopping-app-join-tbt77781.html">https://thebittimes.com/eco-acquires-stablecoin-shopping-app-join-tbt77781.html</a></p>

Eco acquires stablecoin shopping app Join

TheBitTimes

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