In a move that has stirred up excitement, PayPal UK Unit has registered as a crypto service provider. The Financial Conduct Authority (FCA) gave its approval this month, meaning the payment firm can now offer certain crypto services to local customers. In other news, Polygon (MATIC) is gathering momentum and appears poised for a significant rally. Meanwhile, InQubeta has emerged as 2023s top ICO (initial coin offering), raising over $4 million.
In this article, we will cover the recent events around PayPal becoming a crypto service provider in the UK. In addition, we will explore the developments around Polygon and InQubeta. Lets dive in.
InQubeta (QUBE): 2023s Leading ICO
Following the raising of $4.3 million in its presale, InQubeta (QUBE) has earned the right to be called the best ICO at the moment. Only a few ICO projects can boast of this accomplishment, which it achieved in a relatively short time. In addition, this feat shows trust in its potential and unique offering in the crypto space. But what makes InQubeta unique?
InQubeta is a blend of blockchain technology and artificial intelligence (AI). Its vision centers around reshaping the AI sector by introducing a new fundraising approach, allowing AI startups to source funds through cryptocurrency. This will make it the first crowdfunding platform to offer such services. Not only that, it will also make the AI market accessible to everybody through a fractional investment model.
This innovative project is in the fifth stage of its ICO and is priced at $0.0161 per token. If you wish to become an early member of the community and enjoy significant gains, follow the link below. It is the best new crypto to invest in, according to experts, who predict that its price will increase by 30x after launch.
PayPal: UKs New Crypto Service Provider
PayPal is a giant in the financial landscape, offering payment services. You might be wondering about the connection between PayPal and cryptocurrency. It is to be recalled that on August 7, 2023, this payment service launched its stablecoin, PayPal USD. This coin is backed by secure and highly liquid assets and pegged to the U.S. dollar. This move has been able to bridge the gap between the traditional finance system and cryptocurrency.
Back to PayPal offering crypto services to the UK. In August, it announced it was pausing crypto purchases temporarily in the country. However, the Financial Conduct Authority (FCA) gave its approval in November, making PayPal an authorized crypto asset business. This means that if you stay in the UK, you can enjoy certain crypto services on PayPal, a welcome development.
Polygon (MATIC): Growing Momentum
Polygon (MATIC) has been one of the biggest winners in the second half of 2023. If you are searching for a top crypto to invest in, it is one of the top altcoins on the market. But what is Polygon? Simply put, it is a multi-chain solution built on Ethereum. It assists with scalability and the creation of various decentralized applications (dApps). Therefore, the growing adoption among developers and projects comes as little surprise.
It experienced a slight dip but has been gaining momentum. Will this be the start of a significant rally? We believe so. After all, Polygon is one of the most popular layer-2 platforms. In addition to this, Polygon has a vibrant ecosystem. So, we think now is the best time to enter the market in anticipation of its surge.
PayPal becoming a crypto service provider has been met with excitement in the UK. In addition to this, interest has been heightened as Polygon gains momentum and InQubeta becomes a leading ICO. We believe these are altcoins to watch in the coming months, and they represent promising investment opportunities.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Everest Market Insights journalist was involved in the writing and production of this article.