Blockchain and Cryptocurrency News Roundup

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  • April 11, 2022
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11th April 2022

Here’s a short summary of some of the biggest headlines in Crypto: Bitcoin Becomes Legal Tender in Honduran Special Economic Zone, Meta Plans to Introduce Virtual Tokens: FT, and finally, Robinhood Officially Rolls out Crypto Wallet

Bitcoin Becomes Legal Tender in Honduran Special Economic Zone

Bitcoin and other cryptocurrencies have become legal tender in a special economic zone on an island on Honduras’ Caribbean coast, officials said.

The tourist-centric island – named “Honduras Prospera” – was established in 2020 to uplift investment. It has administrative, fiscal, and budgetary autonomy.

“Prospera’s flexible regulatory framework enables crypto-innovation and the use of Bitcoin by residents, businesses, and governments,” Honduras Prospera said in a statement.

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Meta Plans to Introduce Virtual Tokens: FT

Meta is planning to introduce virtual tokens and cryptocurrencies, the Financial Times reported.

The social media giant is aiming to use these digital assets for rewarding creators and lending and other financial services, according to the report.

Meta’s plan is currently in its early stages. The move comes at a time when the company is focusing its services centered around the metaverse – a virtual platform where people can interact, work and play.

According to Reuters, the tokens could be a new source of revenue channel for Meta and it could also gain control over transactions in its apps and services; which include Facebook, Instagram, WhatsApp, and the Meta Quest virtual reality platform.

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Robinhood Officially Rolls out Crypto Wallet

Robinhood’s long-awaited cryptocurrency wallet has been officially rolled out on Thursday, providing access to more than 2 million customers on the waiting list for the digital product, Chief Product Officer Aparna Chennapragada announced.

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