New Frontiers in Crypto Payments and Bitcoin Mining Investment

New Frontiers in Crypto Payments and Bitcoin Mining Investment

Published on

Recent news highlights significant advancements in the cryptocurrency space, with Tangem launching a new Visa payment solution for USDC stablecoins and Canaan securing substantial investment for its Bitcoin mining operations. These developments underscore ongoing innovation and growth in both crypto utility and infrastructure.

Self-Custody Meets Global Payments

Tangem Pay is innovating in the self-custody sector by enabling users to spend Circle’s USDC stablecoin worldwide. This is achieved through a virtual Visa card directly linked to Tangem’s self-custodial hardware wallet, bridging the gap between digital assets and traditional payment systems.

Major Investment Boosts Bitcoin Mining Infrastructure

In a significant move for the Bitcoin ecosystem, Canaan, a prominent mining hardware manufacturer, has secured $72 million in funding from key players like Brevan Howard, Galaxy, and Weiss. The company plans to refocus on its core business of ASIC chip design and high-performance computing equipment, scaling up production in the United States, indicating strong investor confidence in the future of Bitcoin mining.