GM to everyone. Here at CryptoBrew, I slice the edges off the crypto 🍕 so you can get to the good stuff faster.
I’m going to cover just one MAJOR news today.
So LFG!!
Here are today’s market moves:
Here's what you need to know:
McDonald’s, Walmart and Strike will now accept Bitcoin 😱
Yes, you read that right.
This maybe the subheading lurking on your screens everywhere or you might stumble upon it in some of your other crypto-related stuff.
Sounds too good to be true right? Well, not entirely.
There’s a lot of misunderstanding about this news. Check out one such article here.
Allow me to clear it up.
The bullish thing about this announcement is NOT that merchants are starting to accept crypto as payment. It’s that the Bitcoin Lightning NETWORK can now be used as a payment rail in the same way as Visa. The difference is that settlement is done instantly and for almost free compared to Visa's 3% fee. Visa, your business is f*cked. Big companies are finally acknowledging the benefits of the network.
Also, you don’t have to SPEND your Bitcoin.
You can pay in fiat and it gets converted automatically into BTC, sent over the bitcoin lightning network to the merchants bank and converted back into fiat.
It all happens instantly and for free.
This is how it looks like 👇
$ to ₿ - - - - - - - -lightning - - - - - - - > ₿ to $
Did you hear?
Fortnite game maker Epic Games partners with Lego to create their very on metaverse.
By the end of 2022, you’ll now have your very own Starbucks NFT 🤮
Crypto lingo of the day
Probably Nothing:
"probably nothing" means "probably something".
It is the polite way to FOMO, with just barely some plausible deniability.
"Visa bought a punk. Probably nothing"
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