Mastercard Partners with Polygon - Wolfish On $GUARD

Mastercard Partners with Polygon - Wolfish On $GUARD
#crypto #mastercard #polygon

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Hey everyone, happy new year and welcome back to my Youtube channel, it is Douglas James with a fresh update in the crypto space for the past couple weeks. Top stories include Mastercard entering a Web3 partnership with Polygon and Amazon Web Services teaming up with Avalanche blockchain. We also have some economy news, market optics, and additional crypto adoption stories to cover as well.

Mastercard Partners with Polygon
Worldwide payments giant Mastercard has partnered with the Polygon network to implement a music artist accelerator program. Expected to launch in the spring of this year, the Mastercard Artist Accelerator is an initiative that will guide up-and-coming artists into the Web3 world in order to propel their careers.

Amazon Web Services Teams up with Avalanche
Amazon is a leading tech and e-commerce conglomerate known across the globe, touting a $1 trillion market cap, and Amazon Web Services constitutes a substantial portion of that capital. The web services subsidiary has teamed up with Avalanche blockchain creator Ava Labs to advance blockchain solutions for institutions, enterprises, and governments.

Economy
Fed Officials Interest Rate Remarks
All 19 of the top Federal Reserve officials do not foresee it being appropriate to cut interest rates in the new year. Despite recent progress in tackling inflation, the Fed wants to see more headway, and 17 of these officials expect rates to increase above 5% this year. The next meeting takes place at the end of this month, and a 25 bps hike is anticipated to be on the agenda.

Unemployment Rate
Recently released unemployment data revealed the rate to be 3.5% at the end of December, a decrease from 3.7% the previous month, and 223,000 jobs were added as well. This metric has continued to teeter between 3.5 to 3.7 percent since March of 2022, which is intriguing due to broad expectation that it will increase from the Fed hikes.

Banks Prepare for Recession
Six of the largest banking giants in the country are readying up for a grim economic outlook this year. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Morgan Stanley, and Goldman Sachs have all more than doubled their banking reserves combined from the previous year, and with slowing economic activity comes lower profits, prompting some of these banks to lay off thousands of employees. Only time can really tell if a recession is on the horizon.

CPI Data
Inflation numbers announced this past week have uplifted economic and market sentiment, with the unadjusted 12-month rate coming in at 6.5% for the end of December; this is the second consecutive 0.6% drop from the previous month. Also, the seasonally adjusted change from November to December was a negative 0.1%, the first decrease to be seen in many months.

Ukrainian Pharmacies Adopt Binance Pay
Despite an ongoing invasion by Russia in Ukraine, a pharmaceutical chain native to the country has teamed up with Binance Pay to allow for cryptocurrency payments. ANC pharmacy is the very first pharmaceutical organization in all of Europe to support contactless crypto payments, and Binance Pay can be used at all 1,100 pharmacies across 138 Ukrainian cities.

Digital Artists Sell Out NFTs on Instagram
As Instagram has slowly rolled out their Digital Collectibles NFT marketplace in recent months, NFT creators have prospered on the platform by minting their artwork for sale to an extensive audience of Web3-curious consumers. Some artists have been able to sell out entire collections within seconds of launch, suggesting that Instagram, with its two billion monthly active users, is an effective avenue for reaching a vast number of people effortlessly.

El Salvador Passes Landmark Crypto Legislation
El Salvador is achieving even more milestones with the recent passage of a new cryptocurrency bill that is set to become law after signature by the president. The “Digital Asset Issuance” legislation includes a legal framework for a Bitcoin-backed bond called the “Volcano Bond” and establishment of legal and regulatory structure for all cryptocurrencies.

Guard Ecosystem
Disclaimer: We are a minority investor in the Wolf Den, the Guardian Academy, and the Guard Ecosystem; we may receive dividends in the future. We chose to partner with them because of their groundbreaking developments in Web3, Metaverse, and crypto education platforms. Our coverage isn’t financial advice, and you should do your own research before investing.

So guys I recently made a brand new video all about the Guard Ecosystem, from the foundation and core structure of the network to recent collaborations and projects building on this technology.