The main cryptocurrency of Pudgy Penguins (PENGU) increased on Wednesday after the popular NFT collection teased a cryptocurrency debit card as part of its push into customer financing.
‘ Pengu Card’ For Crypto Payments
The Pengu Card, powered by payments huge Visa Inc. ( NYSE: V), will enable users to invest stablecoins or cryptocurrencies straight at over 150 million merchants, with as much as 12% benefits and 7% yield on balances.
The card will have 3 tiers: Requirement, Black, and Gold, with Gold providing the optimum benefit at 12% and Basic offering 6%.
Users will need to sign up with a waitlist to get a special recommendation code they can show pals. The leading inviters stand to get a totally free Pengu Card. They would likewise need to produce an account on KAST, a cryptocurrency financing app, to be qualified to get the card.
Native Token Spikes
The statement drove the cost of PENGU, the Solana ( CRYPTO: SOL)- based native coin of Pudgy Penguins, more than 3% greater, while its trading volume leapt 56% over the last 24 hr.
The token released in December 2024 with high volatility and rapidly rose to an all-time high of $0.05738. Ever since, it has actually shed almost 90% of its worth.
Cost Action: At the time of composing, PENGU was trading at $0.006188, up 3.11% in the last 24 hr, according to information from Benzinga Pro.
Shares of VISA increased 0.30% in the after-hours session after closing 0.33% greater at $329.24 throughout Wednesday’s routine trading session.
The stock keeps a weaker cost pattern over the brief, medium, and long terms with a high Quality ranking, according to Benzinga’s Edge Stock Rankings.
Picture Courtesy: CryptoFX on Shutterstock.com
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