Why is Hedera (HBAR) Seeing a Surge in Price?

7:29 pm
August 8, 2023
  • The price of Hedera (HBAR) cryptocurrency has surged by 16% in the past week.
  • Hedera (HBAR) recently entered into a strategic partnership with FreshSupplyCoAu to integrate with the Continuity API.
  • This integration enables Hedera users to access Mastercard Payment Gateway Services (MPGS).

Hedera (HBAR) has gained attention in the crypto community for its consistent price rise since mid-July.

The HBAR token price has bounced back after a brief dip between July 20 and July 25.

Reasons for the Surge in HBAR Price

The recent surge in the price of Hedera (HBAR) can be attributed to its partnership with FreshSupplyCoAu to integrate with the Continuity API. This integration allows for seamless connections to banks and the Mastercard Network.

According to a tweet from the HBAR Foundation, the integration of Hedera into FreshSupplyCoAu’s Continuity API will significantly improve their operations. By connecting with the Mastercard Network, this integration expands the reach of the Hedera network and links it with the traditional banking system.

With this integration, users can now access Mastercard Payment Gateway Services (MPGS) and other upcoming projects from the Hedera Foundation, such as their innovative Web3 and digital asset solutions. This move aims to enhance the usability and interoperability of Hedera, going beyond technological development.

The FreshSupplyCoAu integration is just the beginning, as the Hedera Hashgraph blockchain is working towards more collaborations and innovations to bridge the gap between decentralized finance and traditional finance. The blockchain technology was recently utilized by Kia and Hyundai automakers for an AI-powered CO2 emission monitoring system.

FAQs

1. What is Hedera (HBAR)?

Hedera (HBAR) is a cryptocurrency that operates on the Hedera Hashgraph blockchain. It aims to provide a secure and efficient platform for decentralized applications (dapps) and solve the scalability issues faced by other blockchain networks.

2. How has the price of HBAR changed?

The price of HBAR has increased by 16% in the past week. It has been experiencing a consistent rise since mid-July, reclaiming its July highs after a brief pullback.

3. What is the partnership between Hedera and FreshSupplyCoAu?

Hedera has partnered with FreshSupplyCoAu to integrate with the Continuity API. This integration allows Hedera users to access Mastercard Payment Gateway Services (MPGS) and expands the reach of the Hedera network by connecting it to the traditional banking system.

4. What are the benefits of the integration?

The integration with FreshSupplyCoAu’s Continuity API enables seamless connections to banks and the Mastercard Network. Users can access MPGS and other projects from the Hedera Foundation, enhancing the usability and interoperability of Hedera.

5. Is Hedera working on any other collaborations?

Yes, the Hedera Hashgraph blockchain is actively seeking collaborations and innovations to bridge the gap between decentralized finance and traditional finance. Recently, it partnered with Kia and Hyundai automakers for an AI-powered CO2 emission monitoring system.

Summary

Hedera (HBAR) has seen a surge in price, increasing by 16% in the past week. This can be attributed to its partnership with FreshSupplyCoAu to integrate with the Continuity API, which allows for seamless connections to banks and the Mastercard Network. The integration expands the reach of the Hedera network and enables users to access Mastercard Payment Gateway Services (MPGS). The Hedera Hashgraph blockchain aims to enhance usability and interoperability by collaborating with various entities and bridging the gap between decentralized finance and traditional finance.


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