Crypto news this week - 20 May

Team Luno
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2 minute read

Mass adoption, integration, and increased efficiency. We know those phrases are making your heart flutter right now - find out what the latest in crypto news means for you in this edition of our crypto roundup.

Starbucks and Whole Foods, and your crypto

100 points to mass adoption as mainstream retailers have announced your crypto is good to spend at their stores. Starbucks and Amazon-owned Whole Foods, along with some other major retailers are jumping on the crypto bandwagon and will be accepting crypto payments thanks to a partnership between payments startup, Flexa, and US-based crypto exchange, Gemini. You can use your Bitcoin, Ether, Bitcoin Cash and Gemini’s native stablecoin, the Gemini Dollar, to grab your next cup of coffee. The only thing we can’t guarantee is whether Starbucks will spell your name correctly, though...

WhatsApp has seen the Lite

In more exciting integration news, you now have the opportunity to send and receive cryptocurrency via WhatsApp. The blockchain platform, Zulu Republic, announced over the weekend that users can now send and receive Bitcoin and Litecoin on WhatsApp thanks to its cryptocurrency messaging platform, Lite.im. All users need to do is install the Lite.im bot and follow the on-screen prompts. The bot also enables users to earn crypto through a referral platform.

Institutional investors - rejoice!

Big news for institutional investors as Bakkt has announced they’re moving forward with their plans to begin testing their Bitcoin futures contract in July 2019. They gave a breakdown of the product which has been lauded by many as an absolute game-changer for the crypto market. With the backing of the ICE (Intercontinental Exchange), which also owns the New York Stock Exchange, a certain level of credibility backs the platform. Several analysts believe this is going to spur a new wave of Bitcoin institutional investors.

Word on the Tweet

What’s happening in crypto Twittersphere?

It seems the recent price spikes have gotten some users feeling pretty nostalgic…

And then this bright new revelation: crypto as a safe-haven asset?

It's been an exciting week filled with lots of Bitcoin buzz. What are your thoughts on this week's crypto news? Get in touch with us on Twitter.

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Team Luno

On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @lunomoney.

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