Are You Ready? Web5 Toolkit By TBD Pioneers The Next Generation Internet
Portfolio Pulse from Murtuza Merchant
Block's subsidiary TBD has released an open-source toolset for its Web5 initiative, aiming to streamline the development of decentralized web applications. The Web5 platform is set to launch later this year, with a remittance application for Africa and Mexico as one of the first projects, utilizing Bitcoin and stablecoins for payment processing.
May 19, 2023 | 7:34 pm
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TBD's Web5 initiative includes a remittance application for Africa and Mexico, utilizing Bitcoin for payment processing, potentially increasing demand for the cryptocurrency.
The remittance application for Africa and Mexico, as one of the first projects on TBD's Web5 platform, will utilize Bitcoin for payment processing. This could potentially increase demand for the cryptocurrency as the platform gains traction and more users adopt the remittance application. However, the impact on Bitcoin's price may be limited in the short term, as the platform is still in its early stages and the overall market influence of the remittance application is uncertain.
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