![]() WikiLeaks founder Julian Assange and digital artist Pak donated nearly $1.9m, using a portion of funds raised from their NFT sale earlier this month.Polkadot founder Gavin Wood donated $5m+.Ukraine has spent $15m of the donations on military supplies thus far, according to Alex Bornyakov, deputy minister of Digital Transformation of Ukraine. This includes transfers to the Ukrainian government and Come Back Alive, an NGO providing aid to Ukraine’s military. 24, per Elliptic, a blockchain analysis company. Ukraine has received $57m+ in cryptocurrency donations since Feb. People are sending crypto and NFTs to Ukraine Twitter banned 100+ spam accounts using the hashtag #IStandWithPutin for “ inauthentic amplification.” The tweets had few followers, stock images for avatars, and yet still went viral. One expert says it’s “basically impossible” to send money to anyone in Russia now. PayPal paused its services in Russia, as have Visa and Mastercard. Stop hacking yourself: Researchers found a workaround to get Amazon Echos to hack themselves, issuing commands to open doors, buy stuff, and more. Gecko Robotics raised $73m to build robots that inspect industrial infrastructure, like pipelines, ships, and tanks. #ecommerce-retailĪn environmental dilemma: Solar energy advocates are finding resistance from conservationists, who fret over replacing fields with panels. REI’s new lifetime membership is back with new benefits, including free standard shipping, discounts, and curated brand collaborations. So unless you’re already using contactless payments, you’ll have to keep ol’ reliable in your back pocket for the time being. It’s still in the “market research” phase, and experts estimate it’ll take 5-10 years to launch. In China, the government built integrations with WeChat and Alipay to increase adoption of the digital yuan. Cybersecurity: The US would likely need to overhaul much of its financial infrastructure to safeguard from hacks.Īnother challenge is something any PM or Growth Marketer knows all too well: getting people to download the app.Privacy: The government would have visibility to a wealth of personal transaction data.Simplifies government benefits: A digital currency would make it easier for the government to distribute benefits (e.g., pandemic relief checks).Helps the unbanked: 5%+ of American households are unbanked with no way of using digital payments.Cuts out middlemen: Namely, financial institutions, which logged $110B in transaction fees in 2020.Other than “digital dollar” having a nice ring to it, a digital currency serves several purposes: ![]() While details aren’t fully fleshed out, the options include a digital cash offering or a central bank digital currency (CBDC), which would be stored in a wallet app on smartphones. Per NPR, the Federal Reserve recently released a paper laying out the pros and cons of a digital currency, meant as a primer to kick off discussions about actually launching one. If you’re the type to misplace your wallet, we’ve got good news for you. The federal government is mulling a digital dollar. □ On the go? Listen to today’s 10-minute podcast to hear about how NFTs are helping Ukraine, Netflix’s gaming strategy, McDonald’s McFlurry fury, taxes in the metaverse, and more.
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