July 29, 2021

Welcome to this edition of your Netcoins weekly news.

Crypto prices are making a bounce back in a big way after quite a lengthy bear market. Rampant speculation surrounding Amazon’s potential moves around crypto is a big reason for the spike.

Crypto investors might’ve had enough of Elon Musk’s Dogecoin hype, but a certain fast-food chain we all know and love with locations in Brazil, is releasing a DOGEpper.

This week’s news will also give you insight into what Ripple is doing to expand.

It’s time for the roundup!

Amazon’s Crypto Job Posting Sparks Mini Bitcoin Bull Run

Amazon has a job posting up related to cryptocurrency, according to CTV news. The posting is for a cryptocurrency and blockchain product lead, which of course is leading many enthusiasts to speculate about whether the e-commerce giant is about to announce it’s accepting Bitcoin or other cryptocurrencies.

This is sparking quite a run for Bitcoin and Ethereum. Over the last five days, the price of Bitcoin is up around 21% from $40,000 Canadian to just under $50,000 Canadian.

Many who are having their crypto wallets crushed by the bearish run that was plummeting prices over the last several months are rejoicing, but a Reddit post points out that the same thing happened during a broader bearish trend in 2018, and it turned out to be a temporary pump.

Amazon is denying reports that the company will soon accept cryptocurrency as payment.

Burger King Is Launching Dog Treats Customers Can Pay for With Dogecoin

You’ve heard of Dogecoin and the Whopper, but have you heard of Burger King’s new Dogepper? The fast-food chain is launching a treat for dogs that customers can buy using Dogecoin, but there is a catch.

The treats can’t be purchased inside the fast-food restaurant, users must go online. It also looks like the initial launch of the DOGEpper is only available in Brazil.

The best part about the promotion is that much of the proceeds paid in Dogecoin will go to national government organizations focused on serving the greater good.

New Deal Enables Remittances between Ripple, Japan, and the Philippines

Ripple is partnering with remittance company SBI Remit, the largest money transfer service in all of Japan, a Filipino mobile payment service called Coins.ph and a digital asset exchange platform, SBI VC, to enable payments using the XRP token.

The partnership is going to launch Ripple’s first on-demand liquidity service in Japan.

Despite the company’s ongoing legal battles with the Securities Exchange Commission in the United States, Ripple continues to push forward in expanding its reach with regard to international remittances, especially in the Asia-Pacific region.

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