USA News Group – A new law is giving hope in Ukraine to gaining more donations, officially legalizing transactions involving a variety of crypto and digital assets from Bitcoin (BTC) to Dogecoin (DOGE). The move went one step further than El Salvador, which recently legalized only BTC transactions, giving rise to viral photos of receipts from people buying meals from McDonald’s Corporation with BTC. But that wasn’t enough for Tesla, Inc.’s Elon Musk, who famously tried taunting McDonald’s into accepting Dogecoin. In the case of DOGE, corporations are beginning to accept it, including theater chain AMC Entertainment Holdings, Inc. and Petco Health and Wellness Company, Inc.. Both BTC and DOGE require miners to create new supply, and while there are several BTC miners on the market, the first to primarily mine Dogecoin is livestreaming and DOGE mining platform Hello Pal International Inc.
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In May of 2021, Hello Pal International Inc. made history when it became the market’s first listed company focused on DOGE mining. Reaction to the announcement was swift, causing a surge in traffic so heavy it temporarily caused a website outage.
The popular livestreaming platform allows its users to take part in the mining process by either owning or partly-owning crypto mining rigs.
The decision paid off for Hello Pal and its profitable livestreaming platform, as the addition of Litecoin/Dogecoin mining rigs delivered strong additional revenues. Since then, Hello Pal has continuously added to its fleet of Antminer L7 mining rigs up to its current total of 400.
“Our livestreaming operations continue to deliver strong operating results as we continue to diversify outside of China,” said KL Wong, Founder and Chairman of Hello Pal. “With the acquisition of the highly sought after L7 miners, we are excited to become a North American miner.”
Expanding beyond its North American mining operations, and its predominantly Asia-focused livestreaming platform, Hello Pal signed a letter of intent with one of Europe’s largest non-custodial crypto wallet providers by user numbers, UniCrypt.
Based in Switzerland, UniCrypt provides wallet and crypto-based remittance services to more than 14 million clients world-wide.
For Hello Pal, a key advantage to utilizing UniCrypt services is the seamless onboarding of new users due to its efficient and easy to use registration process. This advantage will be crucial in Hello Pal’s plans to integrate cryptocurrencies into its overall Hello Pal Platform, and especially in its livestreaming services.
As Hello Pal’s livestreaming operations continue to expand to new markets, the ability to carry out cross-border payments becomes more and more relevant, lending credence to UniCrypt’s services leading to a distinct advantage.
“We are tremendously excited at the prospects which this collaboration will bring to our efforts in increasing cryptocurrency usage among not only Hello Pal users, but to the world at large,” said KL Wong. “With UniCrypt’s ability to easily onboard new users and generate segregated wallets, we aim to provide many users across the world with their first cryptocurrency experience and introduce them to an international social community with a borderless payments system.”