Western Union to Launch Stablecoin on Solana With Anchorage Digital-Digitap's (USD TAP) Banking-Boom Thesis Explodes

The global blockchain and crypto payments sector is undergoing a generational shift with one of the worldrsquos largest money transfer and remittance companies entering the space Western Union is partnering with Anchorage Digital to announce plansfor launching the US Dollar Payment Token USDPT its new stablecoin on the Solana blockchainThe shift in Western Unionrsquos business highlights the merging of traditional finance with blockchain supporting Digitaprsquos TAP narrative of an oncoming blockchainpowered banking boom Digitap is a rising project with a major realworld payment use case that has partnered with Visa to launch cryptofiat virtual and physical cardsSolana Price Holds Firm Below 205 ResistanceWestern Union has chosen Solana to launch USDPT for its existing 100 millionuser base due to the networkrsquos highperformance blockchain technology and continued innovation Yet despite improving macro and fundamental factors the Solana price has failed to surpass 205 this week and is experiencing a shortterm correctionOver the past few weeks the price action has remained indecisive as SOL struggles in a sideways pattern With the return of bullish sentiment earlier this week investors hoped for a trend reversal However the 205 resistance rejected further upside and the Solana price began a downside correction returning to the 177 supportImage Courtesy TradingViewNow SOL continues to trade sideways with the RSI signaling a neutral trend and the MACD indicating neither significant bullish nor bearish momentumA move above or below the ongoing rangebound structure could decide the future price action If the Solana price breaks above the 205210 resistance zone it could rally to 230 Similarly a slip below 177 could lead to a further decline potentially to the 142 support levelDigitap Emerges as the Next Big Banking App With Visa PartnershipThe worldrsquos first omnibanking platform Digitap is outshining major utilitydriven crypto projects including Solana With its instant and secure fund transfers through crypto rails Digitap directly challenges existing remittance systemsUnlike Western Union which is launching a new stablecoin for facilitating crossborder payments Digitap offers the first hybrid app that allows retail customers to make instant cryptofiat conversions and paymentsThe app enables cryptotofiat and fiattofiat currency exchange at the lowest possible rates executed through secure blockchain networks Additionally Digitap has introduced Visabacked cards that allow cash withdrawals from crypto funds at ATMs without the need for manual conversionAccording to research from Global Data the global digital payments market is expected to grow at a rate of over 1437 CAGR from 24768 trillion in 2023 to 58485 trillion by 2030 This creates a perfect environment for a globally integrated omnibank solution like DigitapTAP Presale Surges Past 123M as Investors Jump InDigitap has witnessed a remarkable demand for its token presale with retail investors flocking in resulting in massive inflows of fresh capital More than halfway through the second round over 84 million TAP tokens have been sold out raising 12 million for the projectThe token is planned to list at 014 but is currently available at 00268 representing an 808637 discount The value of TAP will increase periodically throughout the presale rewarding early participationTAP vs SOL What Crypto to Invest in Right NowWith its collaboration with Anchorage Digital to launch USDPT on Solana Western Union has become the first and largest traditional finance firm to tap blockchain rails for powering global transfers However Digitap is outshining the Solana network with its omnibanking platform designed specifically to revolutionize global cryptofiat paymentsDigitaprsquos app and cards are already functional and available for investors to experience firsthand allowing them to make an informed decision about investing with a complete understanding of the product However investors will have to act fast as the TAP presale gains momentum with the next price hike expected soonDiscover how Digitap is unifying cash and crypto by checking out their project herePresale httpspresaledigitapappWebsite httpsdigitapappSocial httpslinktreedigitapappDisclaimer The information provided on the Website does not constitute investment advice financial advice trading advice or any other form of advice and you should not interpret any of the Websites content as such Midday does not recommend that you buy sell or hold any cryptocurrency Please conduct your own due diligence and consult with a financial advisor before making any investment decisions Midday does not endorse or promote any such activities and you access them at your own risk fully understanding the monetary and legal consequences involved Midday shall not be held responsible for any losses you may incur as a result of using any such apps or websites Cryptocurrency products and NFTs are unregulated and can be highly risky 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Western Union to Launch Stablecoin on Solana With Anchorage Digital-Digitap's (USD TAP) Banking-Boom Thesis Explodes

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Home / Buzzfeed / Article / Western Union to Launch Stablecoin on Solana With Anchorage Digital-Digitap's (USD TAP) Banking-Boom Thesis Explodes

Western Union to Launch Stablecoin on Solana With Anchorage Digital-Digitap's (USD TAP) Banking-Boom Thesis Explodes

Other Articles

Mid-Day Fast