New Era

Reserve Dollar

Hedera

Read

Security

<ol> 
 <li>Hedera is pumping by at least 16.4% in the last 24 hours, as per CoinGecko.</li> 
 <li>The price surge is due to the FED’s adoption of HBAR through a partnership with Dropp.</li> 
 <li>At the moment, only HBAR and USDC will be used by the FED for processing micro-transactions.</li> 
</ol> 
<p>Hedera (HBAR) is pumping heavily as many people are becoming aware of its adoption by the US Federal Reserve (FED) for micropayments.</p> 
<p>Specifically, the FED has added Dropp, a payments solutions provider that uses the Hedera blockchain, as one of its partners for processing micro-transactions. There was no fanfare or any sort of grand announcement from Hedera or Dropp’s team, although the partnership is clearly displayed on the FED’s official website.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/FedNow?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#FedNow</a> has added another company to its Services Provider Showcase. Micro Payments company <a href="https://twitter.com/droppcc?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@droppcc</a>. Dropp enables micro payments in <a href="https://twitter.com/search?q=%24HBAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$HBAR</a>, USD and <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDC</a> <br><br>This means banks in the US looking for micro payments services can now use <a href="https://twitter.com/hashtag/Hedera?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Hedera</a> technology. <br><br>Dropp will enable Real… <a href="https://t.co/vRSXh3fUHr" rel="noopener noreferrer nofollow">pic.twitter.com/vRSXh3fUHr</a></p>— DHNCRYPTO (@WadeTeamer) <a href="https://twitter.com/WadeTeamer/status/1690502367005884416?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 12, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Accepted cryptocurrencies in the partnership mentioned above are HBAR and Circle USD (USDC).</p> 
<p>In just a couple of hours following the partnership reveal, the price of HBAR has surged to $0.065, a 24-hour increase of about 16.4%, as per CoinGecko. This also translates to an increase of 17% in the last 7 days, as of the time of writing.</p> 
<p>Prior to the announcement, HBAR was barely able to maintain its price at $0.055, and some technical analysts were predicting that the cryptocurrency would plummet even more. Fortunately, the FED partnership announcement gave the coin its much-needed boost. So far, HBAR is enjoying a 24-hour trading volume of $200 million.</p> 
<p>Hedera is a layer-1 distributed ledger that uses Proof of Stake (PoS). It does not necessarily use blockchain, as there exist other types of distributed ledger technologies (DLT) such as Hashgraph, in Hedera’s case.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also :</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/hedera-hbar-price-prediction/" rel="noopener noreferrer nofollow">HBAR Price Prediction: Will Hedera Reach $10 Soon?</a></li> 
 <li><a href="https://cryptonewsland.com/hedera-hbar-price-analysis-aug-week-2-to-3/" rel="noopener noreferrer nofollow">Hedera (HBAR) Price Analysis Aug Week 2 to 3</a></li> 
 <li><a href="https://cryptonewsland.com/chatgpt-plugin-revolutionizes-hedera-network-a-new-era-of-ai-integration/" rel="noopener noreferrer nofollow">ChatGPT Plugin Revolutionizes Hedera Network: A New Era of AI Integration</a></li> 
 <li><a href="https://cryptonewsland.com/major-security-breach-on-hedera-hashgraph-liquidity-pool-tokens-stolen/" rel="noopener noreferrer nofollow">Major Security Breach on Hedera Hashgraph: Liquidity Pool Tokens Stolen</a></li> 
 <li><a href="https://cryptonewsland.com/do-kwon-blast-sbf-scheme-over-luna-crash-us-feds-to-probe/" rel="noopener noreferrer nofollow">Do Kwon Blast SBF Over Luna Crash, US Feds to Probe</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/hedera-pumps-by-16-as-fed-unveils-hbar-adoption-for-micropayments/">Hedera Pumps by 16% as FED Unveils HBAR Adoption for Micropayments</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Hedera Pumps by 16% as FED Unveils HBAR Adoption for Micropayments

Crypto News Land

Inne artykuły opublikowane 14 sie 2023

Away from keyboard: How the PrimeXBT mobile app keeps you connected to crypto

Cringe: Richard Heart Makes Absurd Claims of HEX Superiority Over Bitcoin

enCore Energy (EU Stock): Will EU Stock Rise Above $3 in 2023?

Earn Passive Income Quickly with Cloud Mining

Meme Coins To Invest In 2023: Shiba Inu Is Followed By Dogecoin While Big Eyes Go To Infinity

Top Trending Coins This Week – Litecoin, Stellar and Everlodge

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!