The code for calculating escrow account is the same as how it's done in cosmos-sdk:ĪtomicSwapCoinsAccAddr = sdk.AccAddress(crypto.AddressHash(byte("BinanceChainPegAccount"))) This kind of account doesn't have its own private key and it's only controlled by code in protocol. When a user deposits BEP2 into the BC BSC bridge contract contract on BC they get the same amount of BEP20 tokens on BSC, and they can convert them back as well.Ī purely-code-controlled escrow account is a kind of account which is derived from a hard-coded string in binance chain protocol. The BC BSC bridge connects two chains (BC and BSC). What is BC BSC bridgeīC BSC token bridge for self transfers of BEP2 tokens to BEP20 (ERC20 representation). Mastercard, for example, announced the launch of a tool aimed at helping banks detect digital assets-related crime in October and revealed it would help banking institutions offer cryptocurrencies to their clients.Please note that BC BSC Token Bridge is a module of Binance Chain fullnode to facilitate cross-chain transfer between Binance Chain and Binance Smart Chain, while Binance Bridge, a bridge service providing access to inter-blockchain liquidity for Binance Chain, Binance Smart Chain decentralized applications, and bring valuable assets to Binance Chain ecosystems. Additionally, the partnership between the payment giant and Immersve led to the launch of a similar product offered to users in New Zealand and Australia.īoth Visa and Mastercard have also been active when it comes to institutional cryptocurrency and blockchain adoption. Earlier this month, Mastercard partnered with Bitso, a major cryptocurrency exchange from Mexico, to launch a cryptocurrency debit card in the country. The reports were, however, both denied by Visa and proven untrue by the recent actions of the payment giants. Indeed, the uncertainty recently lead to reports that both companies have reached the decision to freeze their ties with blockchain companies while they wait for the end of the “crypto winter”. The long list of calamities and bankruptcies that rocked the cryptocurrency industry starting with the fall of LUNA and leading to, most recently, the liquidation of Silvergate, led many to nervously eye the growing relationship between Visa and Mastercard, and the digital assets sector. Visa and Mastercard Undeterred by Crypto Setbacks Argentina, for example, started allowing the residents of its important wine-making region to pay taxes in cryptocurrencies in August 2022. While perhaps the most famous example of the trend is El Salvador’s 2020 decision to recognize Bitcoin as legal tender, other nations in the region have moved in a decidedly more crypto-friendly direction. The exchange’s efforts are not surprising considering that Latin America is proving to be a very dynamic digital assets hub. Over the previous months, Binance has been actively pursuing expansion into South America and also launched a similar product in Argentina last summer. Just two months earlier, in January, the world’s largest cryptocurrency exchange brought its debit card to Brazil. Users in Colombia will be able to make payments with many different cryptocurrencies including some stablecoins and BNB, BTC, ETH, ADA, DOT, SOL, SHIB, XRP, MATIC, and LINK.Īs with similar launches, Binance expressed their hopes the card will help bridge the gap between TradFi and DeFi and lead to increased digital asset adoption. The card will be issued by Movii, and usable everywhere Mastercard is accepted. This Friday, Binance revealed that it is bringing its crypto prepaid card to Colombia. Binance Brings its Crypto Card to Colombia The latest of Binance’s forays into Latin America was made in partnership with Mastercard and the card itself is issued by Movii. After recent expansions into Brazil and Argentina, Binance announced on March 10th that its crypto debit card is available in Colombia.
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