Mexico’s retail giant Group Elektra has announced to accept Bitcoins for payments. And it is a surprising but positive development for Bitcoin.
They’ve hooked up with Bitpay for enabling this service, according to Reuters. Bitpay has recently teamed up with Virtual Reality Club to process Shiba Inu payments, according to media reports.
Despite the enthusiasm for cryptocurrencies, markets have yet to respond in kind, trading with minimal gains. The price of Bitcoin, the world’s oldest cryptocurrency, was $46,785.87 at press time with a loss of 0.43 percent in 24 hours.
Ethereum’s price fell by roughly 0.3 percent to $46,785.87 as of 8:21 a.m., according to coinmarketcap.com data.
The cryptocurrency Algorand, which is often referred to as the Ethereum killer, was trading at its day’s low of $1.34 and is down by 3.62 percent. The crypto-currency has a market capitalization of $8,475,043,203.
Binance Coin (BNB), Cardano (ADA), and Solana (SOL) are all down by around 0.84 percent, according to CoinMarketCap data. Binance Coin is currently valued at $527.37, Cardano is currently trading at $1.24 per coin, indicating a decline of 2.47 percent.
The crypto market cap is $2.20 trillion, which is a decrease of 0.26 percent in the last 24 hours. The total crypto market cap, on the other hand, has grown by 0.68 percent to $78.84 billion.
The top gainer of the day was Hakuryu ($RYU), which rose 1,993.62 percent to $0.03912 per token. WANNAMOON (MOON) was the biggest loser, losing 82.39 percent of its value to $0.00004108.