Announcement: BingX Enhances Fiat Trading with Apple Pay and Google Pay Integration
BingX is thrilled to announce a major enhancement in its fiat trading capabilities with the integration of Apple Pay and Google Pay. Now, BingX users can purchase cryptocurrencies using 30 fiat currencies. This integration seeks to boost user convenience through enhanced security, simplified transactions, and competitive pricing for crypto acquisitions.
Apple Pay revolutionizes mobile payments with its emphasis on security and simplicity. It employs advanced encryption techniques to ensure security during transactions. Users can seamlessly buy cryptos on BingX app and website, positioning Apple Pay as a preferred choice for secure and efficient transactions.
Similarly, Google Pay offers a versatile digital wallet and online payment service that simplifies the payment process across Android devices and Chrome browser. Google Pay also supports both online and offline transactions, enabling users to make payments even without an internet connection. With its extensive global reach and growing user base, Google Pay provides BingX users with seamless crypto purchases that aligns with the platform’s commitment to innovation and user satisfaction.
As BingX continues to expand its global presence, the platform remains dedicated to innovation and user-centric solutions. The integration into its fiat trading platform marks a pivotal step towards achieving these goals, reinforcing BingX’s commitment to delivering cutting-edge features and maintaining its leadership in the industry.
Full details can be found here.
Bitcoin Prices Drop Below $50,000 To Start The Week
After trading near $70,000 just over a week ago, Bitcoin dipped to about $49,110 at the start of last week. This is the asset’s lowest level since February, falling below $50,000. This all appeared to be part of a broader market sell-off triggered by a weaker-than-expected July jobs report, which once again sparked investor fears of a recession.
Although Bitcoin’s performance in August is off to a rough start, investors are already seeing a bit of recovery. While a dip wasn’t totally shocking, Bitcoin dropping over 14% month-to-date due to various negative macroeconomic influences was more severe than anticipated. Events such as an interest rate increase in Japan, worsening employment figures, and escalating geopolitical tension all contributed.
August 5th’s Bitcoin dip below $50,000 led to substantial liquidations, erasing over $500 billion from the crypto market. However, the cryptocurrency has since started rebounding, climbing back over $60,000 after finding support around $54,000. Amid all the turmoil, this still marks a 28% increase over the past 6 months. This recovery has sparked optimism among analysts, who now anticipate Bitcoin’s potential to continue to recover. Trend-following indicators show that BTC entered the oversold zone for the fifth time in this cycle, hinting that diminishing downward momentum, combined with sellers’ fatigue and strategic dip-buying, the environment could fuel further gains. Currently, Bitcoin’s support level stands around $54,000, and resistance around $69,000.
Ethereum, on the other hand, faced a sharp drop to around $2,400 to start last week, down 10% from the previous week. The asset has not experienced as strong of a recovery as Bitcoin but is still up about 4% across a five-day period. Trends like this have been recorded in the past with ETH, and they were traditionally followed by a price boom. While we can never draw conclusions, the best we can do is evaluate the current situation and identify past trends. With this said, some foresee a strengthening relative strength index (RSI) and rally to follow, while others are more skeptical.
Article Highlight
I was able to cover one of the most buzzed-about topics of the year with Economy Middle East: Ethereum ETF: Will other cryptos join the bandwagon? The approval of Ethereum ETFs brings more legitimacy to cryptos; check out the full details here.
BingX was voted number one in Be In Crypto’s Top Most Safe Crypto Exchanges article! The prestigious outlet highlighted our withdrawal protection, insurance coverage, and fund safety. Check out the full story here.
About Me
I’m very excited to share my interview with Cointelegraph. From social trading to comprehensive educational resources, BingX aims to make crypto trading accessible and secure for everyone. Read more about that here.
Check out the exclusive Coingape interview and gain insights into the strategic partnerships driving BingX’s growth and impact in the crypto space.
Check out my commentary on the impacts of the Bitcoin halving with Coinpost here.
Interview with Yurufuwa at TOKEN2049.
I had a fantastic chat with WU Blockchain about BRC20, BingX’s strategy in 2024, and my professional background. Check out the article linked here!
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article. Not financial advice.