Report: 1 in 10 People Use Cryptocurrency for Payments
The popularity of cryptocurrency as a payment method has been increasing despite the falling price of digital assets over the past year. According to a recent study conducted by cybersecurity company Kaspersky Labs, 13 percent of those surveyed have already used crypto to make purchases.
The authors of the study also found that more and more businesses from various sectors such as retail and food services have started offering crypto payment options. For example, a growing number of food delivery platforms now accept cryptocurrency, as news.Bitcoin.com reported recently.
Nvidia Sees 24% Drop in Quarterly Revenue
Leading video card manufacturer Nvidia has announced a significant decrease in its quarterly revenue, which fell 24 percent to $2.21 billion from $2.91 billion a year ago. The figure is also down 31 percent from $3.18 billion in the previous quarter, the company reported. However, Nvidia also noted that for fiscal 2019, revenue was $11.72 billion, up 21 percent from $9.71 billion a year earlier.
According to Nvidia’s founder, the company’s fundamental position and the markets it serves are strong, despite the setback. “The accelerated computing platform we pioneered is central to some of world’s most important and fastest growing industries – from artificial intelligence to autonomous vehicles to robotics. We fully expect to return to sustained growth,” he added.The financial report details that in fiscal 2019 Nvidia returned $1.95 billion to shareholders through a combination of $1.58 billion in share repurchases and $371 million in quarterly cash dividends.
Mtrading Suspends Crypto Offering
Mtrading, a broker regulated in Belize, is suspending its cryptocurrency CFD offering. The decision comes in response to weak demand from clients. Traders with open positions in the affected assets now have a close-only feature, Finance Magnates reported. They will not be able to open new trades with cryptocurrency. According to the publication, the open positions on these instruments will be closed at the company’s market close price on Feb. 28.
