As CoinDesk earlier reported, FTX was used as a platform for merchants, which would register an account and receive payment for their goods in crypto. Then those merchants could immediately turn it into fiat if they wanted, according to the technical lead of Ukrainian government’s crypto fundraise Michael Chobanyan, CEO of Kuna.
Related posts
-
Why is Polygon Busy But Not Making Money?
Polygon (MATIC), a Layer-2 scaling solution for the Ethereum blockchain, finds itself in a curious position.... -
Solana Tokens Issued by Caitlyn Jenner, Iggy Azalea, Davido Are Down 80%, With Early Buyers Minting Money
Nigerian record producer Davido’s DAVIDO token netted early buyers a profit of nearly $470,000 worth of... -
U.S. Treasury Isn’t Trying to Ban Crypto Mixers, Top Official Says
FinCEN’s 2023 proposal to require crypto companies to report transactions that involved mixing is about transparency,...