Introducing the Acronym Foundation

We’re excited to announce that the Ampera Foundation is now the Acronym Foundation! This rebranding will help us effectively distinguish the Foundation (entity) from Ampera (project). The entirety of the AF roadmap and operations remain unchanged, contributing to the development of Ampera, Anvil, and beyond. We look forward to continuing our mission under this refined identity, and you can find additional information and updates on X and Discord.

Consensus Highlights

Ampera had an immersive presence at Consensus 2024, with a custom 90s Venice Beach theme. Our goal was to create a fun and welcoming environment to foster the adoption of digital payments. A variety of ecosystem projects sponsored the Hang Bar Challenge, with @VeronikaPolar emerging as the overall winner. In collaboration with POAP, we hosted an exciting giveaway featuring an appropriately vintage 1994 Mustang GT convertible!

We would like to particularly thank the industry leaders such as Bitpay, Dash, Flexa, Zcash, and Zashi who helped make the event such a success. This collaboration showcased the entire spectrum of the payments ecosystem!

Acronym Foundation President, Tyler Spalding, participated in a panel discussion about de-risking decentralized finance (DeFi). The session addressed crucial issues such as smart contract bugs, rug pulls, and price volatility, while exploring ways to mitigate these risks. We hope that the discussion provided valuable insights into the future of DeFi safety for both projects and their users.

Tyler also joined an interview with long-time Ampera community member LeviTheGiant on the final day of the conference. Check it out for a recap of the conference in addition to an overview of the Acronym Foundation initiatives.

We look forward to building on the momentum generated at the event and continuing to drive innovation and collaboration across Web3. We’ll see you next year in Toronto!

Anvil Governance and ANVL Contracts Now on Mainnet

The Acronym Foundation is thrilled to announce that Anvil mainnet is gearing up for launch, with audits completed and governance contracts successfully deployed. The community distribution of the ANVL token was completed, and vote delegation is active to ensure decentralized operations at launch. Further ANVL community access. Project source code along with audit results will soon be available on GitHub and the Anvil website.

Social Media Highlights

• Thony introduced digital spending to future community members in Virginia Beach!

• John Kim is continuing the Mainstream Hustle^TM at Chipotle with the SPEDN APP on the Flexa network powered by $AMP.

• Bubby is back in the wild via the Flexa SPEDN app.

• ZachthecryptovikingBrown promises to get an $AMP tattoo.

• Chandler couldn’t believe he won a car at Consensus!

• Tyler Spalding is inspired by the growth of the Ampera ecosystem at Consensus.

• Jye Sandiford from POAP enjoyed working with Ampera at Consensus.

• BitPay and POAP celebrated their support in our car giveaway.

• Dashpay is excited to work with Ampera.

• Tyler arm wrestled Big Al at Consensus.

• Big Al introduced Robert Kennedy Jr. to the digital asset spending movement.

• Saul Dope shared a photo of the audience’s anticipation as they waited for the car giveaway to be announced.

• Big Al summarized his eventful week at Consensus 2024.

• CryptoMIB shared how non-humans can also enjoy Ampera swag.

Ecosystem News

• 🤝Fidelity International has partnered with JPMorgan's Onyx Digital Assets to tokenize shares in a money market fund (MMF), leveraging blockchain technology for improved efficiency in margin requirements delivery and reduced transaction costs and operational risks. This move marks a significant step in adopting blockchain for traditional financial assets, with plans to expand into equities and other asset classes through JPMorgan's Tokenized Collateral Network (TCN).

• 🌎Coinbase and Stripe have partnered to enhance digital payment adoption by integrating Stripe's support for USDC on Base, enabling faster and cheaper money transfers and conversions between fiat and crypto.

• 💳Bybit Card, a Mastercard-issued debit card from Bybit, is now compatible with Apple Pay, allowing users to integrate it with the mobile wallet for seamless payments and withdrawals in both fiat currency and eight cryptocurrencies.

• 🧠Coinbase has launched a new smart wallet that eliminates gas fees, simplifies onboarding with no recovery phrases required, and integrates seamlessly with major applications, promising a user-friendly experience across multiple blockchain networks including Ethereum, Polygon, and BNB Chain.

• 💸Transak has introduced a fiat-to-crypto onramp for PayPal USD (PYUSD), aiming to simplify crypto purchases for users familiar with PayPal's stablecoin, following similar moves by other platforms like Crypto.com and Paxos on Solana.

• 🤝Nubank is bringing Bitcoin Lightning Network capabilities to its 100 million customers in Latin America through a partnership with Lightspark, aiming to enhance blockchain-based, low-cost money transfers with the integration of Universal Money Address standards.

• 🇮🇷Iran's Central Bank is set to launch a public pilot of its digital rial CBDC in June, targeting domestic micropayments without requiring interbank settlements, initially on Kish Island, aiming to enhance payment efficiency and bolster the digital economy.

• 🔝Pick n Pay in South Africa has seen a significant rise in Bitcoin payments, with monthly sales reaching R1 million as more tech-savvy customers use cryptocurrency for groceries, bills, and other purchases, marking a notable step towards mainstream adoption in retail.

• 🛍️Helio's Solana Pay plugin for Shopify now supports hundreds of cryptocurrencies, enabling Shopify merchants to accept payments in tokens like Solana and BONK. Users can also access NFT airdrops and token-gated features, enhancing the platform's Web3 functionality and expanding options for digital asset payments.

• 🌍Strike, the popular Bitcoin payments app, has launched its services in Europe, enabling users to buy, sell, and send Bitcoin, as well as make local currency remittances using Bitcoin’s Lightning Network. This expansion marks a significant move into the European market, offering features like free SEPA euro deposits and Lightning Address payments.

• 🚀Tether has launched Alloy (aUSDT), a gold-backed stablecoin pegged to the U.S. dollar, marking the first step in its new asset tokenization platform, Alloy by Tether, which aims to offer stability and flexibility through synthetic dollar assets.

• 🕵️PayPal's PYUSD stablecoin, now deployed on Solana alongside Ethereum, introduces "confidential transfers," allowing merchants to offer transaction amount confidentiality to consumers while maintaining regulatory transparency.

• 🇦🇷Argentina's government is collaborating with El Salvador to learn from its pioneering adoption of Bitcoin and other cryptocurrencies, aiming to enhance its own regulatory framework and industry insights.

• 📺Algorand's controversial new ad critiques Bitcoin, Ethereum, and Solana for their transaction delays, high fees, and reliability issues, contrasting them with Algorand's claimed advantages in speed and cost-effectiveness for real-world payments.

• 💳Israeli fintech Kima, in collaboration with Mastercard's FinSec Innovation Lab, aims to develop a "DeFi credit card" that bridges decentralized finance tools with traditional banking services, supported by the Israel Innovation Authority to enhance accessibility and security in blockchain integration.

Upcoming Events

• Litecoin Summit July 24-25, 2024

• Futurist Conference August 13-14, 2024 - use promo code AMPERA25 for 25% off tickets