Crypto Market Overview May 25th | Dex-Trade
Google Has Opened a Position for a Strategic Web3 Marketer
With the Web3 era setting new ground for the tech marketplace, IT giant Google's Cloud division has opened the position of "Head of Product Marketing" who will be responsible for raising awareness of Google's Cloud Web3 initiatives and, as a result, generating demand for related company’s products. According to the division's vice president, Amit Zaveri, the company's strategic goal is to lead Google Cloud in the market for solutions for Web3 developers: “While the world is still early in its embrace of Web3, it is a market that is already demonstrating tremendous potential with many customers asking us to increase our support for Web3 and crypto-related technologies.” This is Google's first attempt at full immersion in Web3. In the first stages of service deployment, the company plans to create appropriate annual plans and increase awareness of the technology in various audience segments. Apparently, this decision was the result of cutting off numerous employee initiatives since last year, when the company announced its intention to move in this direction. As for the position: the recruitment started in New York, San Francisco, Seattle and Sunnyvale. Data on the rate and immediate work tasks are not yet known.
Mastercard Continues Active Expansion of Crypto Payments and Web3 Markets
Mastercard Vice President, Harold Bossé, said that despite the "black days" of the crypto industry, the company intends to continue its aggressive expansion of the cryptocurrency payments market through the creation of partner solutions, as he’s confident in accelerating the adoption of Web3 around the world. Bossé's statement underlines the general mood in the company. To understand Mastercard's strategic orientation at the moment, it’s enough to consider that during the annual World Economic Forum (WEF) summit, the CEO of the payment giant, Michael Miebach, ironically questioned the dominance of the SWIFT system among other similar solutions in the next 5 years. However, the crypto payment industry still faces some major challenges, main among which are a lack of understanding among top management, difficulty in commercializing scalability, cost, and speed, and a lack of systemic regulation. But Mastercard seems to be rushing forward and continues to issue crypto cards and buy crypto companies. For example, the company, in partnership with Nexo and Gemini, has already begun issuing the first crypto credit cards. A little more and we will hear about crypto-mortgages for budget housing...
Central African Republic Aims to Create a Crypto Hub
In April of this year, the Central African Republic (CAR) became the second country in the world to accept Bitcoin as legal tender. And these days government announced the first crypto-initiative of the country — Sango project, which will have to attract business and enthusiasts to cooperation by creating a crypto-island and its own metaverse. According to the President of the Central African Republic, Faustin-Archange Touadéra, a new initiative aimed at turning the country into a crypto powerhouse could change its financial system. But so far, the politician has not disclosed any details about when the hub will become available to investors and how crypto transactions will be regulated. At the moment, it’s only known that Touadéra insists on the need to launch the project: “The formal economy is no longer an option. An impenetrable bureaucracy is keeping us stuck in systems that do not give a chance to be competitive.” The government of the country has already published an official presentation of the Sango project, which talked about the creation of Digital Nation Bank and the development of a crypto wallet compatible with second-layer solutions such as the Lightning Network to accept such payments by individuals and businesses.