Klever Weekly Newsletter - December 4
Klever Update 4.0.12 is now in final beta testing with a new fiat on-ramp, Ethereum browser support, a new Chart option & more, while Klever News highlighted the developments in the world of crypto.
Klever Update 4.0.12, which is in the final stages of private beta testing, is full of features highly requested by the community. As always, the update will be delivered seamlessly to our users following rigorous testing and validation by both our tech team and a privileged group of private beta testers. The upgrade will include a completely new fiat on-ramp inside the app to allow Klever users to purchase crypto using credit and debit cards, as well as new trading charts for major coins and tokens.
Perhaps most importantly, the long-anticipated and repeatedly requested Ethereum browser support will go live in Klever Browser after months of optimization for security and user experience purposes.
Additionally, Klever News brought relevant topics that have recently affected the global crypto sphere, such as Bitcoin breaching historic All-Time High, US Dollar money printing powering Bitcoin's rise, and Crypto going mainstream on Wall Street.
Update 4.0.12 in Final Beta
Klever Update 4.0.12 is currently in private beta and will bring a highly requested feature, as the balance swiper will now come with a screen containing charts with loads of essential information such as prices over time, last price, variation in the last 24h (%), Volume in the last 24h (in your display currency), market cap and more. Take a look below to get a first impression of the new feature:
Ethereum Browser Support
Additionally, the incoming upgrade that will go live to the public for download on Android and iOS shortly, also brings another highly requested feature, namely Ethereum dapp browser support.
This is an essential new feature that widely increases the opportunities within the Klever Browser, improving the usability and facilitating the integration of products and services currently running on top of the Ethereum blockchain.
Seamless in-app integration of new fiat on-ramp
Klever Update 4.0.12 is bringing a new and improved fiat on-ramp with complete in-app integration. Klever users will be able to purchase Klever's native KLV token and several other major cryptocurrencies directly and seamlessly with their fiat currency of choice, using credit and debit card payments securely and easily.
Bitcoin Cash (BCH) support in Klever
Update 4.0.12 will also introduce Bitcoin Cash (BCH) support in Klever app, the sixth-largest cryptocurrency and blockchain network in the world by market cap. BCH is both a cryptocurrency and a payment network. It was created as a result of a hard fork from Bitcoin Core in December 2017, aimed to increase the number of transactions that the network could process.
While Bitcoin (BTC) remains the most widely used cryptocurrency in the world, there are increasing opportunities to spend Bitcoin Cash, since the speed and lower costs of its transactions make BCH attractive to some merchant and retail networks globally.
Bitcoin breaches historic All-Time High
Bitcoin surpassed its highest ever price on December 1, and while BTC is showing ever stronger fundamentals amid growing institutional demand, extreme scarcity is proving to be driving value and price.
In almost all economic models, scarcity of an asset is what primarily drives the value of that particular asset. In other words, the more scarce a commodity becomes, the more attractive it becomes, thus prompting an increase in value and price.
We are facing a remarkable market situation with Bitcoin (BTC) today in which BTC is becoming an extremely scarce commodity on a global scale and with a worldwide impact. This phenomenon only increases with time due to the deflationary financial policy that Bitcoin has, reducing its new stock-flow every four years by “halving” the number of new BTCs being minted.
US Dollar money printing powering Bitcoin's rise
The plummeting of the dollar is reaching new lows as the US is printing money on a relentless & unprecedented level, while Bitcoin’s provable scarcity & deflationary model is fueling its rise globally.
The Federal Reserve has been minting new USD at record speed over recent months, primarily to provide for stimulus packages enacted by the US government in response to the ongoing economic crisis caused by Covid-19.
Meanwhile, many institutional investors, publicly listed companies, and hedge fund managers are touting The Fed’s relentless money printing as one of the main reasons for them to choose Bitcoin as a hedge against the inflation and apparent fall of the US dollar.
Crypto going mainstream on Wall Street
Over 500 cryptocurrencies will be given the main stage on Wall Street as one of the world's most prominent index firms, S&P Dow Jones Indices, will launch their new Crypto Index next year.
The world’s leading index provider, S&P Dow Jones Indices, is launching a Bitcoin and cryptocurrency index in 2021 together with New York-based digital currency and blockchain data firm Lukka. The Crypto Index will be following more than 550 of the top traded coins and tokens.
The move to incorporate such a large number of digital assets on the index demonstrates that not just Bitcoin and other major blockchain coins will be gaining a significant amount of attention through the Crypto Index, but also smaller up and coming altcoins, taking cryptocurrencies further mainstream on Wall Street.
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