“Time” magazine announces the start of accepting the digital currency “ApeCoin”
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Answer “Time” magazine announces the start of accepting the digital currency “ApeCoin”
Time Magazine has announced that it will start accepting the digital currency ApeCoin as a payment method.
As a reminder, ApeCoin is an Ethereum-based currency that was issued by the creators of the “Bored Ape Yacht Club” non-fungible token group, in the past days.
Time magazine initially made it possible to pay for digital magazine subscriptions in Bitcoin and other cryptocurrencies, including Ripple, Ethereum and Dogecoin.
A year ago, Time magazine also auctioned some of its most memorable covers as non-fungible NFT tokens.
It also agreed to keep bitcoin on its balance sheet after partnering with Grayscale, a company that offers a range of crypto-related products.
Read:Bitcoin Fear and Greed Index Drops to 2019 Levels…Details Here
In December 2021, Time magazine named Elon Musk “Dogecoin’s Lawyer” and considered him the Person of the Year (2021).
Earlier this week, the 98-year-old magazine published its first issue in the form of NFT.
Vitalik Buterin, one of the founders of Ethereum, honored its cover.
In a wide-ranging interview, Buterin outlined his main concerns about the crypto industry, claiming that it could turn into a “dystopia” (“dystopia” is the opposite of a “utopia”) ruled by nefarious and overzealous actors.
ApeCoin Momentum:
The cryptocurrency ApeCoin managed to steal the limelight in the crypto arena and enter the list of the 100 largest cryptocurrencies by total market capitalization.
The much-talked-about cryptocurrency was distributed to holders of Bored Ape Yacht Club tokens last Thursday.
She also started trading in major cryptocurrency exchanges such as: Binance and Coinbase.
The price of the currency has fallen significantly since it was first traded at $39, as it fell to the $8 level and then returned to trading at the time of publishing this article at $10.5.
The total market capitalization of ApeCoin is currently $2.9 billion, making it the 48th largest coinmarketcap in terms of total market capitalization.
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