HSBC Revolts the Banking Sector by Accepting Cryptocurrency Payments
In a groundbreaking move for the banking industry, HSBC has started accepting payments in cryptocurrencies. The renowned British banking giant now accepts the popular meme coins, Dogecoin and Shiba Inu. Meanwhile, Everlodge is shaking up the timeshare market. Read on to learn more about these latest trends in cryptocurrencies.
Shiba Inu (SHIB) Receives Support from HSBC
The renowned British banking giant has delved deeper into the world of cryptocurrencies. In its latest move, eligible users can now make mortgage payments using the Shiba Inu coin. The action is part of a collaboration with FCF Pay.
The Shiba Inu community has more to celebrate. Integration with FCF Pay means that SHIB can now be used to pay for solar panel bills in Texas. Despite the increase in adoption, the price of Shiba Inu has remained largely pessimistic.
In September, the price of Shiba Inu dropped below the support level of $0.00000800 and has remained below since then. Since then, SHIB has fluctuated in the range of $0.00000700 to $0.00000730. Cryptocurrency analysts have expressed concerns that without momentum, the price of Shiba Inu could soon fall below $0.0000070.
Dogecoin (DOGE) Also Receives Support from HSBC
Similar to Shiba Inu, the leading meme coin has also been integrated into HSBC. The integration of Dogecoin is part of the bank’s plans to stay at the forefront of innovation. Likewise, there is excitement in the Dogecoin community.
During a conversation with a member of the Dogecoin team, Elon Musk hinted at the upcoming major update for X. Musk confirmed that X would retire the bird icon that represents the “home” feature in the app. As a result, members of the Dogecoin community speculate about an integration for DOGE.
However, the price of Dogecoin has remained largely pessimistic, recently dropping to the support level of $0.0600. Despite the support holding, DOGE still remains only slightly above it. If the price of Dogecoin falls below $0.0600, we may see DOGE reach a low of $0.055.
Everlodge (ELDG) Set to Transform the Timeshare Market
Everlodge is building a blockchain-based real estate marketplace for the timeshare market. Like traditional timeshares, the marketplace will allow fractional investments in vacation homes, hotels, and luxury villas. However, this will be done digitally, using fractional NFTs.
The Everlodge team will collaborate with well-known hotel brands and luxury property developers to acquire these assets. Selected hotels, vacation homes, and luxury villas will have their titles, deeds, and property records digitized and transformed into NFTs. The NFTs will then be listed on the real estate market.
These unique property-backed NFTs can be divided into smaller fractions, allowing investors to buy these properties for as little as $100. This low investment cost will transform the timeshare market, opening it up to investors who couldn’t afford the high cost of these properties.
Everlodge’s unique approach has the potential to attract these investors and propel the project to become a top-tier project. The project is currently in its fourth phase of pre-sale, with its utility token being sold at $0.019. However, cryptocurrency experts have predicted a possible rally to $0.5 by the end of 2023.
Disclaimer: This article is for informational purposes only and does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products, or services mentioned in this article.