Friday, March 25. As the week comes to an end, we can focus on the highlights of the crypto industry over the past few days.
Robinhood to issue a payment card with cashback in crypto
Robinhood online broker will soon begin switching debit cards to new Cash Cards, which will offer the opportunity to receive cashback in crypto.
Such a decision was put forward for the sake of the younger generation, which, according to the company’s study, not very fond of using conventional banking products.
No fees and interest will be charged with the Cash Card. As you shop for goods or services, your expenses will be rounded off to each subsequent dollar. A mobile-first brokerage will allocate the “surplus” towards the purchase of shares or crypto, whichever the customer prefers. Within this option you are eligible for a weekly bonus of up to $10.
Using the new card will also provide an opportunity to arrange for the crediting of salaries into separate accounts, as well as for conversion into crypto.
Cash Card features a special account for Robinhood spending – the company’s existing debit card offers only a single account that combines cash and brokerage services.
Tesla integrates AI into its long-range development road map
Elon Musk unveiled the release of “Tesla Master Plan Part 3”, the key provisions of which include artificial intelligence.
“Main Tesla subjects will be scaling to extreme size, which is needed to shift humanity away from fossil fuels, and AI,” he tweeted.
In the plan, the company can elaborate on what “extreme size” looks like for Tesla, and lay out a strategy for scaling up production and the supply chain amid a pandemic and global transportation crisis.
He announced the publication of the new layout just the day before the first batch of electric cars produced at the new Gigafactory in Germany rolled off the assembly line. Musk is expected to attend the startup of the new factory in person.
Crypto.com to sponsor FIFA World Cup
International Federation of Association Football (FIFA) stated that Crypto.com crypto platform is going to play the role of official sponsor of the World Cup in Qatar.
“The company will be the exclusive cryptocurrency trading platform sponsor of Qatar 2022™ and will benefit from significant branding exposure both within and outside the tournament’s stadiums,” the press release claimed.
The finals of the championship will take place in the Arab country from November 21 to December 18, 2022.
“Crypto.com has already demonstrated a commitment to supporting top-tier teams and leagues, major events and iconic venues across the world, and there is no platform bigger, or with a greater reach and cultural impact, than FIFA’s global platform,” stated chief commercial officer at FIFA Kay Madati.”
Florida to add crypto to financial literacy plan
Florida Governor Ron DeSantis has approved legislation to implement financial literacy programs in high schools, especially those related to cryptocurrencies. WFLA News Channel says so.
At a press conference, the official said the lawmaker did not support his initiative to allocate funding for “experiments with blockchain.” Nonetheless, the authorities are making moves to let companies pay taxes in crypto.
Earlier, Miami Mayor Francis Suarez expressed his idea to allow state workers to be paid in bitcoin.
Prior to that, he declared the creation of a team to develop a plan for greater city participation in the crypto industry, and authorities voted to explore options for integrating bitcoin into the municipal infrastructure.