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Yahoo
20 hours ago
- Business
- Yahoo
Trade 350 App: This Trade 350 App Sets New Standard in AI-Driven Trading with Unmatched Security and User Approval
Trade 350 App New York City, NY, May 31, 2025 (GLOBE NEWSWIRE) -- Introduction In the crowded world of online trading platforms, separating legitimate services from elaborate scams can be a daunting task. Trade 350 App has emerged as one of the buzziest names in 2025, promising AI-driven trade signals, rapid withdrawals, and rock-solid security. But is it truly a breakthrough platform—or just another scheme designed to separate inexperienced traders from their capital? In this article, we'll dissect every major aspect of Trade 350 app: from its core technology and fee model to real-world user experiences and regulatory credentials. By the end, you'll have all the information needed to decide whether to trust Trade 350 with your hard-earned Miss Out: Start Automated Trading with Trade 350's Proven AI Signals Now! If one notices the trends in the cryptocurrency market, one can see that most of the people involved in storing cryptocurrencies like Bitcoin and Ethereum are now moving into those transactions. Interestingly, this trend has been visible since 2017. So, what led to this transformation? What Is Trade 350 App? Trade 350 App is a digital currency trading platform that ensures safe trading on global cryptocurrency exchanges. Following a quick and thorough analysis of market volatility, members can access charts and tables on their account pages. Traders with cryptocurrency experts rely on this trading platform for accurate data analysis as such huge amounts of data cannot be collected, processed, and 350 App bills itself as a next-generation trading solution that leverages machine-learning algorithms to identify high-probability opportunities across Forex, cryptocurrencies, commodities, and equities. Founded in 2023 by a team of former quants and software engineers, Trade 350 aims to democratize sophisticated algorithmic strategies once reserved for hedge funds and institutional traders. Core proposition: Turnkey, AI-powered signals for retail traders. Supported markets: Major forex pairs (EUR/USD, GBP/USD, USD/JPY), top cryptos (BTC, ETH, XRP), indices (S&P 500, NASDAQ), and commodities (gold, oil). Minimum deposit: $250 USD (or local equivalent). Platforms: Web dashboard plus native iOS/Android apps. Languages: English, Spanish, Mandarin, Arabic, Portuguese. From a high level, Trade 350's pitch is simple: eliminate guesswork, automate trade execution, and maximize risk-adjusted returns. But ambitious marketing claims warrant a closer look—especially when unregulated brokers are notorious for Your Spot—Join 100,000+ Traders on Trade 350 and Experience 24-Hour WithdrawalsHow Trade 350's AI Engine WorksAt the heart of Trade 350 is a multi-layer neural-network engine trained on years of historical price data, technical indicators, and real-time sentiment signals (social media trends, news headlines). Key components include: Data ingestion layer Feeds: Tick-level order-book snapshots, minute-bar OHLC data, macroeconomic calendar events, social sentiment APIs. Refresh rate: Sub-second for price data; 1–5 seconds for sentiment. Feature engineering & pattern recognition Technical filters: Moving-average crossovers, RSI divergences, Bollinger Band squeezes. Seasonal factors: Day-of-week and month-of-year patterns. Sentiment overlays: News-driven volatility spikes, Twitter-derived bullish/bearish sentiment. Signal generation module Ensemble of classifiers (random forests, gradient boosting, LSTM networks) votes on entry signals. Risk scoring: Each signal is given a probability score (0–100%) and a recommended position size. Order management & execution API integration with partner brokers for sub-100 ms order execution. Smart order routing to minimize slippage. Why it matters:A genuinely robust AI engine can adapt to shifting market regimes—bull cycles, bear markets, sideways consolidations—whereas static rule-based 'signal' products often fail under stress. Users should, however, be mindful that no AI can predict 'black swan' events (e.g., flash crashes, geopolitical shocks).Act Fast—Trade 350's AI Strategies Are Filling Up. Claim Your Demo Mode Access Today! Working of Trade 350 App Trade 350 App is an online platform for trading in cryptocurrencies. It has dedicated tools to ensure that trading is fast, highly regulated, and profitable. The data accumulation software of this platform is brilliantly crafted to gather price movement data for all cryptocurrencies from all the exchanges in the world. This big data is then analyzed and compared with historical transaction data to generate profitable transaction signals for users. They can follow these signals to make profitable trades manually or via automated trading robots. This only takes a few milliseconds, so members of this trading platform can trade before the market takes the next step. The software's built-in time-hop function allows traders to advance 0.01 seconds in the cryptocurrency market. This software allows them to predict future market positions with 100% accuracy and offers reliable trading opportunities. How to use Trade 350 App? Step 1: Sign up for the Trade 350 App platform There is a registration form on the platform's homepage. People need to fill in and fill in the details such as their name and email address. The program verifies the personal information provided, and they are the latest members to join this platform. They can log into the members' area and continue adding funds. The developers don't charge a subscription fee, so users can sign up immediately. More Information on Trade 350 App App Can Be Found On The Official Website Here Step 2: Add money to the trading account Once traders have access to the private members' page, they can add funds to their trading accounts. This is the money the software spends on making profitable trades. With a minimum deposit of just $ 250, one can start with small orders and gently increase their investment. Step 3: Check the personal information If members provide their payment information, the program will confirm it before deducting their initial investment. This is done to ensure that the trading account is safe and free from unwanted scams. Step 4: Practice, Explore, Learn A demo account is available with Trade 350 App. Individuals can use their accounts to place virtual trade orders. They can also explore the trading platform's features and services to see if it suits their taste. Accounts will help people gain experience in the cryptocurrency market, which will help them when they start a real trade. Step 5: Change the trading parameters and select the trading mode The first step in making a real trade is to adjust the parameters of the trade according to one's needs. This includes the risk traders prefer for each order, the money they are willing to invest in, and the time interval between trades. They can change and adjust the transaction parameters at any time. Setting the parameters to one's liking keeps one in control of one's operations. Then select a trading method. People can select manual mode or assisted mode. If they want the program to transact on their behalf, select the Help mode. Otherwise, switch to manual trading. Step 6: Get the exact trading signal and execute the trade Trade 350 Apps provide people with useful trading signals. Conduct thorough market research to discover trading opportunities that fit their trading profile. If people trade in assisted mode, the software will perform these trades. With a success rate of over 99%, one can profit from every trade. Step 7: Transfer the profit to the bank account The platform supports smooth and easy withdrawals. To transfer all earnings to the bank account, people need to fill out a withdrawal form. Upon approval, they will receive their profit in their savings account. Trade 350's AI Does the Work—You Reap the Rewards. Get Started in Minutes! Advantages of Trade 350 App Superior technology This trading bot uses the best technology to scan the Bitcoin market and provide trading opportunities to maximize profits. The correct response rate is 99.4%, and one can win every trade. Reliable signal Trade 350 Apps provide the most reliable trading signals for trading in the cryptocurrency trading industry. Not only do individuals withdraw these trades for themselves, but they also execute them and establish their profit. Fast transaction Trade 350 Apps support high-frequency trading or high-frequency trading. Can complete 20 operations in 10 minutes. One can win from multiple exchanges with certain points. Why Choose Trade 350 App App? Australia and Canada Consumer Report Released Here Safe trading robot Trade 350 App offers the safest and most secure platform on the web. It is integrated with malware and antivirus software. Therefore, all data and information are protected. People don't have to worry about anyone other than accessing their data and information. Online customer service It provides people with 24/7 online customer service. The team is happy to answer any questions or concerns about how the program works. The customer service team investigates and provides the correct information and resolves all queries. Quick registration Trade 350 Apps also offer fast withdrawals. Withdrawal requests are processed in approximately one day. Traders always receive their income in their bank accounts. Low deposit People have to deposit a basic amount of $250 with a Trade 350 App. It is seed capital. One can make thousands with this investment. Also, keep in mind that the investment is directly proportional to profit. Therefore, as one continues to increase their trading capital, the profits will continue to increase proportionally. Cost-effective The Bitcoin trading platform is free. No registrations, withdrawals, subscriptions or other hidden costs will be deducted. The developer will charge people a small "maintenance fee." The program will deduct this as a small percentage of the income. These maintenance costs are used to provide an updated and error-free version of the software. Transform Your Trading—Download Trade 350 App and Unlock Smart, Secure AI Trades!Trading Modes: Demo vs. LiveTrade 350 offers two distinct modes: Demo Mode Virtual balance (default $10,000 play money). Full access to AI signals and all trading tools. Ideal for newcomers to learn signal interpretation and order execution. Live Mode Real-money trading. Adjustable risk parameters (see Section 6). Access to same AI signals as demo but with real-world execution constraints (slippage, broker latency). Best practice: Begin in demo to fine-tune your settings and understand drawdowns. Transition to live only when consistently profitable on Here to Register on the Trade 350 App - Select Your Country Here!!! FAQs Is Trade 350 App a scam?No—evidence from withdrawals, Trustpilot ratings, and expert reviews points to a legitimate, albeit unregulated, broker much can I realistically earn?Performance varies widely with settings; users report 5–15% monthly on moderate risk settings—but past performance is no happens if Trade 350 goes offline?With custodial funds held by partner brokers, your balance remains with those brokers. Trade 350's role is signal generation and order I withdraw my original deposit anytime?Yes—withdrawals incur no fees and typically process within 48 hours, subject to your bank's timelines. Do you want to gain experience while trading software? No, you don't need to be an experienced trader when trading with the Trade 350 App software. An easy-to-use program for beginners that anyone can use to earn passive returns. We do everything from market research to profit recording. Does Trade 350 offer educational resources?Yes—webinars, tutorials, and a knowledge base covering technical indicators, AI fundamentals, and platform navigation. Can I take advantage of market volatility when trading CFDs? Yes, you can take advantage of market volatility in CFD trading. However, it is not easy for the human mind to accurately predict the future position of the market. In most cases, human predictions are wrong. This is not the case with trading software such as Trade 350 Apps, which can accurately predict and record profits. How much time should you spend on the platform per day? You don't have to spend hours on the platform to monitor your trades as the software does all the work for you. You can focus on your main task and other aspects of your life as Trade 350 Apps execute profitable trades for you around the clock. You can log in for 20 minutes a day, change trading parameters and withdraw your Spreads & Pricing StructureTrade 350's revenue model is simple: Spreads only: No subscription or platform fees. Typical spreads: Forex major pairs: 0.8 – 1.5 pips Crypto (BTC/USD): 0.10% – 0.20% Indices: 0.5 – 1.0 index points By relying solely on spreads, Trade 350 aligns its interests with active trading volume—higher client activity bolsters revenue without nickel-and-diming through extra costs? None disclosed—users only pay the buy-sell spread. Always check real-time spreads on the platform before placing large trades, as volatility can widen spreads Choose Trade 350 App? Australia and Japan Consumer Report Released Here Pros Accurate trading analysis. Fast generation of trading signals. Timeout of 0.01 seconds. Profitable and accurate transaction forecasts. The accuracy rate is 99.4%. Transactions with automated robots. Margin trading is available to all clients. Demo trading functionality to learn. Joint customer service. Cons An internet connection is required to trade with Trade 350 Apps. Deposit, Withdrawal & Customer Support Deposit methods: Bank wire, credit/debit, PayPal, Skrill. Withdrawal process: Wallet → Withdraw Enter amount & confirm Funds arrive in 24–48 hours (users report up to 72 hours during weekends). Customer support: 24/5 live chat and email. Phone support in EN, ES, PT. Response times: Live chat replies in ~2 minutes; emails in < 6 hours. Overall, withdrawal speed is competitive but can slow around peak market events. No withdrawal fees apply. Click Here to Open Trade 350 App Account in Canada (Register Fee $250)Independent User FeedbackA survey of user opinions across Reddit, Trustpilot, and specialist trading forums reveals: Positive points: Fast payouts without rollback or 'verification loops.' Transparent fee model. Demo-to-live performance consistency. Critiques: Occasional signal lag during extreme volatility (e.g., Fed rate announcements). Desire for additional regulation disclosures. Some users find the risk settings complex initially. Aggregate Trustpilot rating sits at ~4.6 / 5 based on 1,200+ reviews at time of Analysis & Third-Party ReviewsIndustry experts have tested Trade 350 against competitors: Awarded 'Best AI Signal Platform 2025' for ease-of-use and reliability. ForexPulse Magazine: Noted 'above-average live execution speeds' and 'robust backtesting engine' but flagged 'lack of transparency on audit results.' CryptoReviewHub: Praised cryptocurrency signal accuracy (~68% win rate over 3 months) but emphasized need for position-sizing discipline. Such endorsements lend credibility, though full audit disclosures would strengthen the case. Conclusion: Trade 350 App Most people think that trading involves significant risks. They pay close attention to their analysis. However, with Trade 350 Apps, the level of risk is minimized. One can expect the software to take advantage of every trade made on one's behalf. By starting in demo mode, practicing disciplined risk management, and staying informed, you can leverage Trade 350's powerful AI engine while safeguarding your capital. Whether you're dipping your toes into algorithmic trading or scaling up an existing strategy, Trade 350 merits a spot on your shortlist of trading platforms to consider in 2025. This is a free trading platform with a beginner-friendly approach. People can start trading today. Sign up for a Trade 350 App!Contact:-Trade 350 App(713) 231-476850 W 4th St, New York, NY 10012, USAhttps:// Disclaimer:The content provided in this article is for informational and educational purposes only. It does not constitute financial, legal, or professional advice. Readers are advised to consult a certified financial advisor, licensed loan officer, or legal professional before making any financial decisions. The information presented may not apply to every individual circumstance and is not intended to substitute professional judgment or regulatory guidance. The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. We does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment Disclaimer:Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from an independent financial advisor. ICO's, IEO's, STO's and any other form of offering will not guarantee a return on your RISK WARNING: Dealing or Trading FX, CFDs and Cryptocurrencies is highly speculative, carries a level of non-negligible risk and may not be suitable for all investors. You may lose some or all of your invested capital, therefore you should not speculate with capital that you cannot afford to lose. Please refer to the risk disclosure below. Trade 350 App does not gain or lose profits based on your activity and operates as a services company. Trade 350 App is not a financial services firm and is not eligible of providing financial advice. Therefore, Trade 350 App shall not be liable for any losses occurred via or in relation to this informational RISK DISCLOSURE: Trade 350 App does not accept any liability for loss or damage as a result of reliance on the information contained within this website; this includes education material, price quotes and charts, and analysis. Please be aware of and seek professional advice for the risks associated with trading the financial markets; never invest more money than you can risk losing. The risks involved in FX, CFDs and Cryptocurrencies may not be suitable for all investors. Trade 350 App doesn''t retain responsibility for any trading losses you might face as a result of using or inferring from the data hosted on this RESTRICTIONS: Without limiting the above mentioned provisions, you understand that laws regarding financial activities vary throughout the world, and it is your responsibility to make sure you properly comply with any law, regulation or guideline in your country of residence regarding the use of the Site. To avoid any doubt, the ability to access our Site does not necessarily mean that our Services and/or your activities through the Site are legal under the laws, regulations or directives relevant to your country of residence. It is against the law to solicit US individuals to buy and sell commodity options, even if they are called "prediction" contracts, unless they are listed for trading and traded on a CFTC-registered exchange unless legally exempt. The UK Financial Conduct Authority has issued a policy statement PS20/10, which prohibits the sale, promotion, and distribution of CFD on Crypto assets. It prohibits the dissemination of marketing materials relating to distribution of CFDs and other financial products based onCryptocurrencies that addressed to UK residents. The provision of trading services involving any MiFID II financial instruments is prohibited in the EU, unless when authorized/licensed by the applicable authorities and/or regulator(s). Please note that we may receive advertising fees for users opted to open an account with our partner advertisers via advertisers websites. We have placed cookies on your computer to help improve your experience when visiting this website. You can change cookie settings on your computer at any time. Use of this website indicates your acceptance of this website. Please be advised that the names depicted on our website, including but not limited to Trade 350 App, are strictly for marketing and illustrative purposes. These names do not represent or imply the existence of specific entities, service providers, or any real-life individuals. Furthermore, the pictures and/or videos presented on our website are purely promotional in nature and feature professional actors. These actors are not actual users, clients, or traders, and their depictions should not be interpreted as endorsements or representations of real-life experiences. All content is intended solely for illustrative purposes and should not be construed as factual or as forming any legally binding relationshipRISKS ASSOCIATED WITH FUTURES TRADINGFutures transactions involve high risk. The amount of the initial margin is low compared to the value of the futures contract, so that transactions are "leveraged" or "geared". A relatively small market movement has a proportionately larger impact on the funds that you have deposited or have to pay: this can work both for you and against you. You may experience the total loss of the initial margin funds as well as any additional funds deposited in the system. If the market develops in a way that is contrary to your position or if margins are increased, you may be asked to pay significant additional funds at short notice to maintain your position. In this case it may also happen that your broker account is in the red and you thus have to make payments beyond the initial ASSOCIATED WITH ELECTRONIC TRADINGBefore you begin carrying out transactions with an electronic system, you should carefully review the rules and provisions of the stock exchange offering the system, or of the financial instruments listed that you intend to trade, as well as your broker's conditions. Online trading has inherent risks due to system responses/reaction times and access times that may vary due to market conditions, system performance and other factors, and on which you have no influence. You should be aware of these additional risks in electronic trading before you carry out investment Disclosure:This article may contain affiliate links. If a reader clicks on a link and completes an application or purchase, the publisher may receive a commission at no additional cost to the user. These commissions help support the publication and do not influence the editorial content, which is created independently and with the goal of delivering accurate and useful Disclaimer:All information included in this article is presented in good faith and believed to be accurate at the time of writing. However, no representations or warranties are made regarding the completeness, accuracy, reliability, or timeliness of any information presented. Any reliance placed on such information is strictly at the reader's own risk. The publisher does not accept responsibility for typographical errors, outdated information, or changes to products, terms, or policies after and Jurisdictional Disclaimer:Lending laws vary by jurisdiction, and not all services described in this article may be available in every state or region. It is the responsibility of the reader to understand and comply with local laws and regulations. The platforms mentioned are independently operated and are not controlled or endorsed by the Liability Waiver:The publisher, its writers, editors, affiliates, and syndication partners shall not be held liable for any direct or indirect loss, damages, or legal claims arising from the use of this content or from reliance on any third-party services, platforms, or products mentioned herein. All loan agreements, terms, and disputes are strictly between the borrower and the lender or service Partner Use:This content may be republished or syndicated by authorized partners under existing licensing or distribution arrangements. All syndication partners are free from liability regarding the editorial stance, financial suggestions, or any user outcome resulting from the reading or application of this Trade 350 App CONTACT: Contact:- Trade 350 App (713) 231-4768 50 W 4th St, New York, NY 10012, USA info@
Forbes
3 days ago
- Business
- Forbes
Bullish Sentiment Surges As Bitcoin Open Interest Sets New Record
Investor sentiment surrounding bitcoin has spiked recently as the total notional interest in futures tied to this digital currency has climbed, reaching an all-time high over the last several days, according to market analyst Greg Magadini. The fact that open interest in these derivatives contracts rose to record levels while bitcoin prices were trending upward is a sign that markets are feeling quite bullish about the digital currency, Magadini, director of derivatives for digital asset data provider Amberdata, said via Telegram. The chart below shows bitcoin's open interest climbing to an all-time high: Past that, the open interest for futures contracts in the broader crypto market have also been showing quite a bit of strength recently, pushing to new records, Magadini added. The chart depicted below helps illustrate these developments in the overall digital currency markets: On Friday, May 30, billions of dollars' worth of bitcoin options are set to expire, according to Deribit data sourced from a recent CoinDesk article, and multiple analysts commented on the potential implications of this development. 'We can see that Friday's expiration has a large over-hang of positive dealer gamma at $110k the BTC all-time-high area,' Magadini stated via email. 'This means that option market-makers were selling BTC at this level... Which can help explain the sentiment for prices stalling out here.' The chart below illustrates this situation: 'That said looking at all expirations, peak gamma for BTC currently stands around $121k suggesting some more upside to be found, although we'll likely see price quietly move higher without a strong catalyst for an explosive move higher,' said Magadini, commenting on the digital currency's outlook. This chart helps depict the situation: Data on the gamma profile of crypto dealers Amberdata Paul Howard, senior director at crypto trading firm Wincent, also chimed in. 'Bitcoin volatility has remained near historic lows, but with the upcoming options expiry, we could see implied volatility begin to climb toward the 45 level,' he stated via email. 'Notably, the price gap below the $90,000 mark (previously identified) has now been filled, reinforcing the bullish case for continued upward momentum in the coming months,' Howard added. The analyst also weighed in on how bitcoin prices could behave over the coming months based on the digital asset's market history. 'As we move into the summer period in the Northern Hemisphere, the market liquidity typically thins, contributing to more pronounced price swings. Despite this expected increase in volatility, downside moves below $100,000 appear less probable than an advance beyond the $110,000 level,' Howard emphasized. 'Current options market data shows significant open interest in call options, reflecting a broadly bullish sentiment. Strikes at $112,000 and $115,000 for the current and upcoming expiry cycles are particularly notable, suggesting traders are positioning for further upside in Bitcoin's price trajectory,' he stated, stressing the positive outlook he has for the digital asset.
Russia Today
3 days ago
- Business
- Russia Today
Ex-central bank chief predicts Russia will never abandon cash
Russia is unlikely to ever give up cash, according to the former head of the country's central bank, who believes there will always be people who benefit from using it. In an interview with RTVI on Wednesday, Sergey Dubinin said that even as digital currencies develop, some market participants will always prefer cash transactions in order to avoid taxation. 'I don't think that in Russia, as in any other market economy country, all participants in transactions will prefer non-cash payments,' Dubinin said. 'There will always remain some percentage, possibly within 5-10%, who will prefer cash payments, including due to the ingrained habit of avoiding taxation.' He noted that large transactions will still be carried out using non-cash methods, adding that digital currencies are likely to be equated with electronic money, which will make them more convenient to use. Dubinin also highlighted the role of cash in providing banks with a source of funds. He explained that balances on current accounts, including credit cards, constitute 12-15% of total household deposits. These funds are available to banks at no cost, allowing them to be used for lending or investment purposes. Central Bank Governor Elvira Nabiullina said in April that non-cash payments in Russia had already reached 86% and predicted that the share of such payments could grow to 90% over the next three to five years. The Central Bank of Russia reported that cash circulation had increased by 5.1% last year, totaling ₽130.1 trillion (around $1.45 trillion). Deposits and withdrawals at banks' cash offices and ATMs amounted to ₽63.6 trillion (about $710 billion) and ₽66.5 trillion (around $740 billion), respectively. A poll conducted by the country's Public Opinion Research Center (VCIOM) last year found that more than half of Russians, especially young people and those who live in major urban areas, believe cash will no longer be used for daily transactions in 20 years. Almost 80% of respondents said plastic cards are simply easier and more convenient than cash. Only about 18% of Russians said they trust cards less than cash, citing reasons such as fear of losing them and a general distrust of banking services.
Russia Today
3 days ago
- Business
- Russia Today
Ex central bank chief predicts Russia will never abandon cash
Russia is unlikely to ever give up cash, according to the former head of the country's central bank, who believes there will always be people who benefit from using it. In an interview with RTVI on Wednesday, Sergey Dubinin said that even as digital currencies develop, some market participants will always prefer cash transactions in order to avoid taxation. 'I don't think that in Russia, as in any other market economy country, all participants in transactions will prefer non-cash payments,' Dubinin said. 'There will always remain some percentage, possibly within 5-10%, who will prefer cash payments, including due to the ingrained habit of avoiding taxation.' He noted that large transactions will still be carried out using non-cash methods, adding that digital currencies are likely to be equated with electronic money, which will make them more convenient to use. Dubinin also highlighted the role of cash in providing banks with a source of funds. He explained that balances on current accounts, including credit cards, constitute 12-15% of total household deposits. These funds are available to banks at no cost, allowing them to be used for lending or investment purposes. Central Bank Governor Elvira Nabiullina said in April that non-cash payments in Russia had already reached 86% and predicted that the share of such payments could grow to 90% over the next three to five years. The Central Bank of Russia reported that cash circulation had increased by 5.1% last year, totaling ₽130.1 trillion (around $1.45 trillion). Deposits and withdrawals at banks' cash offices and ATMs amounted to ₽63.6 trillion (about $710 billion) and ₽66.5 trillion (around $740 billion), respectively. A poll conducted by the country's Public Opinion Research Center (VCIOM) last year found that more than half of Russians, especially young people and those who live in major urban areas, believe cash will no longer be used for daily transactions in 20 years. Almost 80% of respondents said plastic cards are simply easier and more convenient than cash. Only about 18% of Russians said they trust cards less than cash, citing reasons such as fear of losing them and a general distrust of banking services.
Associated Press
5 days ago
- Business
- Associated Press
1.5 Million Users to Access Bitcoin's Lightning Network on Xverse thanks to Sati
Sati, a Bitcoin payments app and Lightning infrastructure provider, today announced the launch of its Lightning integration with Xverse, a Bitcoin wallet used by over 1.5 million people worldwide. Thanks to the integration, Xverse users can now send and receive sats (Bitcoin's smallest denomination) instantly over the Lightning Network with no setup, no app switching, and no custodial risk. Initially designed in 2017, the Lightning Network has grown to become Bitcoin's leading layer-2, with a current BTC capacity of over $465M. Sati is now leveraging this technology to bring the world's favorite digital currency into the pockets of almost 3 billion users worldwide, thanks to its powerful API integration with WhatsApp. 'Bitcoin was not meant to be an asset for Wall Street—it was built for peer-to-peer money, borderless and accessible,' said Felipe Servin, Founder and CEO of Sati. 'Integrating Lightning natively into Xverse brings that vision back to life, making Bitcoin usable at scale for billions.' Thanks to the integration, every Xverse user now gets a Lightning Address instantly. That means they can receive tips, pay invoices, and use Bitcoin for microtransactions—all without having to manage channels or switch between different apps. Sati expects USDT on Lightning to be supported as early as Q3 for the Xverse wallet and in July 2025 for users accessing Sati through WhatsApp. This integration positions Sati's role as a Lightning infrastructure provider, not just a consumer app. By leveraging its API-based solution, the company provides plug-and-play backend services to wallets and platforms looking to add Bitcoin payments without compromising on security or UX. The Xverse launch follows the debut of Parasite Pool, a new mining pool leveraging Sati and Xverse's tech stack and focused on democratizing Bitcoin mining. Parasite Pool charges 0% fees and pays out instantly over Lightning, making it ideal for small-scale miners, especially those running ultra-low-power hardware like Bitaxe. With over 500 users joining Parasite Pool within weeks of launch and an average pool hashrate of 5 PH/s, Parasite Pool is steadily growing its presence in the home mining space. Thanks to the Lightning integration, Parasite Pool supports the smallest Lightning payouts in the industry (a fraction of a cent), lowering the barrier to entry for anyone interested in mining. Sati recently closed a $600K pre-seed round backed by Bitcoin-focused investors, including Draper Associates, BitcoinFi, Arcanum, BoostVC, and Ricardo Salinas. The funding is being used to support global expansion, stablecoin integration, Lightning infrastructure growth, and broader access to Bitcoin in emerging markets. Sati will be conducting live product demos at Bitcoin 2025 in Las Vegas on May 27-29. To learn more about Sati, visit About Sati Sati is a Bitcoin payments infrastructure provider. Launched in 2025 with investors of the likes as Draper Associates and Ricardo Salinas, Sati powers fast, seamless Bitcoin payments on applications such as WhatsApp to fuel the next wave of adoption. Learn more at About Xverse Xverse is the on-chain platform for the Bitcoin economy—think Revolut meets Alchemy, built natively on Bitcoin. Trusted by over 1.5 million users, Xverse is launching a unified portfolio platform for Bitcoin L1 and Layer 2s, alongside developer infrastructure to power seamless Bitcoin-native apps. Press Contact [email protected]
