Prompt.cash is a hosted permissionless Bitcoin cash ( –)-based payments processor. They have made a number of significant updates to the platform. The platform was launched three months ago. However, they have already introduced new features to improve the user experience. A URL shortener is one of the interesting features. This will enable users to monetize any website’s access. Prompt.cash will accept any Simple Ledger Protocol tokens (SLP) created using the Bitcoin Cash blockchain.

We are happy to announce that we are now the first payment processor to accept all #SLP tokens on @BitcoinCash.

Included:
Conversion of Token Fiat Value
– REST API$BCH pic.twitter.com/WdUjyUUXid

– PromptCash July 4, 2021

URL shorteners aren’t new. However, most companies that offer this service are fiat-based. Prompt.cash uses bitcoin cash addresses to send the payment to the user’s wallet. This allows for instant redemption of funds received. This service offers a significant advantage over traditional services. These fiat-based competitors require that the customer withdraw funds manually once a certain amount has been reached.

PayPal API Integration allows seamless migration

Incipient payment processors have to deal with the high cost of integration. Many companies will not test new payment processors, even though they would love to. Because of the cost associated with integrating them into a company’s structure, this is often true. Prompt.cash recognizes this problem and works to reduce friction and costs associated with adding bitcoin cash payments on every platform.

Ekliptor, the developer of Prompt.cash stated that integration with Paypal Rest API will help in achieving this goal. Ekliptor stressed that:

The API layer compatibility allows websites that use Paypal to test out bitcoin cash payments without having to invest a lot of developer knowledge.

Merchants are now able to modify any of the many plugins available to make them compatible with Prompt.cash. These merchants can offer bitcoin cash payments by simply changing a few things.

Merchants will find it easier to integrate Prompt.cash with popular platforms. Static pages, WordPress, Node.js PHP, WHCMS and Android-based platforms all have the ability to integrate Prompt.cash payment. These benefits are not the only ones Prompt.cash offers example to help non-coders understand what is needed and how to apply it to their own platforms.

The internet buzzed with rumors about Paraguay’s potential move to legalize bitcoin in the wake of El Salvador’s historic decision.

These may be a bit off-the-mark.

Paraguayan lawmaker Carlos Rejala had accidentally sparked the excitement earlier in June with a Tweet. On Friday, Reuters reported that he was pushing a bill for regulation of cryptocurrencies and not making them legal tender.

Rejala, a centrist legislator, stated that it is a bill that digital assets are being taken as legal currency. It will not be possible to do anything similar in Paraguay.

Rejala tweeted earlier in June that he was linking to a story on a local entertainment company planning to accept cryptocurrency. July is the month we legislate! #Bitcoin was picked up by some media and twitter users.

The 36-year old, who heads a small political party that has four seats in Congress overall, is trying to get support for his bill to regulate digital assets. He is currently working on three drafts for the law that he will present on July 14.

Nayib Bukele, President of El Salvador, announced that a law recently passed making bitcoin legal tender will be in effect starting Sept. 7. This makes El Salvador the first country to do so.

Bukele stated that he believes the project will succeed and can be a “leap forward in humanity” despite the fact that the World Bank declined technical support and the International Monetary Fund expressed concern.

Rejala in Paraguay stated that even though he doesn’t have a majority in Congress he had other lawmakers interested in his proposal, and he was certain of its approval.

He stated that he wanted the banks and regulators to participate in order for Paraguayans and foreigners to legally operate with these assets.

“We want to be crypto-friendly.”

Another lousy week for Bitcoin may be a symptom of more pain to comeback, according to strategists seeing the selloff from cryptocurrencies.

Additional weakness at its cost may deliver the US$20,000 (S$26,480) zone to perspective for a drawback goal, based on Oanda Corp, Evercore ISI and also Tallbacken Capital Advisors. Bitcoin has dropped roughly seven percent this week and has been trading at roughly US$34,300 as of 8.12’m in London on Wednesday (June 9).

The most significant cryptocurrency will be’dangerously coming to the US$30,000 degree’ amid rising regulatory anxieties in the usa, and also’a rest of US$30,000 could observe an enormous quantity of momentum promoting,’ said Edward Moya, senior market analyst using Oanda Corp..

Bitcoin has dropped roughly US$30,000 from the April listing of near US$65,000, roiled by means of a rebuke from billionaire Elon Musk within the energy it takes in addition to a stop regulatory crackdown from China. The power of US government to regain a high profile Bitcoin ransom additionally resisted the concept that it is beyond government management , that is an article of faith for a few of the coin’s fans.

Evercore specialized strategist Rich Ross along with Tallbacken Capital Advisors’ Michael Purves have flagged the US$20,000 place as a possible key amount if Bitcoin breaks far lower than in which it’s now.
Others, however, remain optimistic concerning the longer-term view.

For example, Michael Saylor’s MicroStrategy fostered a junk-bond selling to US$500 million in US$400 million to finance the purchase of Bitcoin. MicroStrategy has emerged among the very bullish public firms on cryptocurrencies. Back in El Salvador, President Nayib Bukele explained the state has embraced Bitcoin as legal tender.

However, about a week following Bitcoin’s mid-April all-time large, Tallbacken’s Mr Purves had contended the bullish case seemed’highly contested’

‘Just how much lower can it move?’ Mr Purves requested in his notice Tuesday. ‘The obvious answer is still an entire retracement of this breakout out of US$20,000 – Quite simply back into US$20,000.’

A discussion is intensifying how profoundly to authorities cryptocurrencies. Hester Peirce, a commissioner with the Securities and Exchange Commission, said she is concerned about a push toward a much more active part by authorities at the crypto marketplace, according to a Financial Times interview.

The 37-year senior former computer intelligence adviser for the National Security Agency (NSA) and builder for the Central Intelligence Agency (CIA), Edward Snowden, has again commented on the top digital asset bitcoin. Snowden’s announcement on Twitter follows the past couple of times of accounts discussing the Biden government’s $6 trillion stimulation proposals to’construct a much better’ America.

‘Six trillion bucks? This is Great for Bitcoin,”’ that the whistleblower Edward Snowden on Friday. The tweet currently has 36,000 enjoys and continues to be retweeted over 6,000 times.

Obviously, it is not initially Snowden has talked about bitcoin, since the whistleblower and solitude activist has been quite vocal regarding the topic in the last several decades. For example, following the March 12, 2020 marketplace carnage, otherwise called’Dark Thursday,’ Snowden:”’This is the first time in some time I have felt like purchasing bitcoin. That fall was too much dread and also little motive.’

Back after Snowden’s publication sales were confiscated from the U.S. Department of Justice (DoJ), following the DoJ declared a lawsuit against the whistleblower, Snowden also:’In conclusion, this can be very good for bitcoin.’ Snowden, nevertheless, has not been looked at too liberally from the bitcoin maximalist audience because he has criticized the crypto advantage on a few events. Snowden lately happened to Twitter and also the Human Rights Foundation’s (HRF) Alex Gladstein’s current announcements. Gladstein was not a lover of Snowden’s recent interview.

‘The worst aspect of cryptocurrency changing into dragon-level riches is seeing great individuals emotionally devolve into dragons themselvesso intellectually paralyzed from the fear which everybody they view threatens their hoard they lose sight of the world beyond their nest,’ Snowden scathed in reaction to Gladstein’s Twitter statements.

The whistleblower does criticize bitcoin on event, but also clarifies he uses it frequently and after the’first free cash’ system on earth. He has discussed solitude coins on several different events like monero ( known as the tech XMR) and zcash (ZEC). There’s absolutely no doubt that Snowden is a believer in decentralized technology and he has noted several times that cryptos really are a danger to the country ‘s monopoly over cash.

In 2016, Snowden said that’new technology increase the chance of unstoppable tax protests.’ Snowden has deleted that converse, but talks favorably about bitcoin along with the crypto market regularly for this day.