Crypto On LYO: The Blend — LYOTRADE FIFA World Cup Predict and Win Contest, 13% of Americans are Now Crypto Holders, and More News

What happened in the crypto world in the last week? Let’s see some interesting news together!

LYOTRADE FIFA World Cup Predict and Win Contest

LYOTRADE joined the FIFA World Cup craze by opening a predict and win contest for our community. Users who predicted the winner in every match and got it right were rewarded with SCLP and USDT.

The finals will be on Sunday so lock in your predictions and win with your team!

13% of Americans are Now Crypto Holders

According to a research by JPMorgan Chase, 43 million Americans, or 13% of the U.S. population, are now holding cryptocurrency.

Based on the December 13 report titled “The Dynamics and Demographics of U.S. Household Crypto-Asset Use,” the number showed a significant increase in just two years, from 3% in 2020 to 13% in 2022.

This study proves that despite the turbulence and speculations that the crypto market has experienced, crypto ownership is still strong and has increased dramatically over the past years.

Bank of England Opens Applications for CBDC Wallet

The Bank of England is searching for a digital wallet where a central bank digital currency (CBDC) can be stored.

Basic functionality will be offered by the wallet like the signup process and a way to update details, display account balance, transactions, and other notifications. Other features include the ability to store and withdraw a CBDC, request peer-to-peer payments through an account ID and QR code, and pay for online purchases.

According to the Bank of England, a CBDC will be launched by 2030.

Bitcoin Lightning Network to Power Fiat Transfers Between EU and Africa

CoinCorner has partnered with Bitnob to facilitate cross-border transactions between Europe and Africa using Bitcoin Lightning Network.

Users can transfer money using the Bitcoin Lightning Network from the United Kingdom and Europe to Nigeria, Kenya, and Ghana. The deposited funds will be converted to BTC, then it will be automatically transferred to the local currency, and transferred to the bank account or mobile wallet of the receiver.

According to CoinCorner CEO Danny Scott, “The borderless nature of Bitcoin has always made it a great tool for sending money around the world, but now with the Lightning Network, sending Bitcoin is instant and very low cost.”

Stay tuned for next week’s crypto news! Follow LYOPAY social media pages: