ApeCoin is the recent sensation of the crypto world. Time Magazine will accept ApeCoin as a mode of payment very soon. It has already been announced on Twitter. The newly launched Yuga Labs coin is getting popular with each passing day. Millions of subscribers can now pay with this coin as it accepts ApeCoin as a mode of payment.
ApeCoin is the recently launched cryptocurrency. It is already listed on major exchanges such as Binance, Coinbase, etc. It is the official token for all the products and services from Yuga Labs. The coin has been regularly in the news since its launch. Time Magazine accepting ApeCoin as a mode of payment has also made recent news.
Time Magazine is already accepting Ethereum, Bitcoin, XRP, and Dogecoin. It has now announced accepting ApeCoin as a mode of payment. Time Magazine is working on expanding its venture in the crypto market. Let us discuss more on this in our post. We will try to cover all the details of this recent announcement about ApeCoin as a mode of payment.
Let’s begin with “ApeCoin as a mode of payment” without further ado.
ApeCoin As A Mode Of Payment
Time Magazine has recently announced on Twitter that it will accept ApeCoin as a mode of payment. It has been stated that APE payments will very soon be adopted. Earlier last April, Time Magazine accepted Bitcoin, Ethereum, XRP, and Dogecoin as payment options.
The coin was launched just a week ago and listed in various top exchanges. ApeCoin has reached $11.95 with a market capitalization of $3,31,51,92,495. It has also got 42nd rank as per Coinmarketcap ranking. ApeCoin is increasingly popular amongst traders.
The New York-based news magazine and publisher TIME seems to continue the crypto journey by accepting ApeCoin as a mode of payment for digital subscription services. Users can now make payments for the services using these newly launched ApeCoin. The exact date is not released until now, but it has been announced that users can pay using ApeCoin in the coming weeks.
The American news magazine TIME has joined hands with the latest cryptocurrency. The coin has already achieved great success in such a short period. This additional cryptocurrency ApeCoin into TIME’s list of cryptocurrencies is expected to help this project break the norms of airdrop tokens losing their whole value shortly after the launch.
Before TIME’s announcement, E11EVEN Residencies in SaltWater Brewery and Miami have already announced their intent of accepting Yuga Labs’ ApeCoin as a mode of payment for their products. Yuga Lab has already announced about launching its Metaverse Otherside soon, which will be powered by ApeCoin.
Time Magazine has shown interest in cryptocurrencies. Last year, TIMES partnered with Grayscale, which is the largest digital asset management company globally. They have partnered to hold Bitcoins on Time’s balance sheet. It has even minted its favorite issues in NFTs form. Vitalik Buterin, the co-founder of Ethereum, was featured in the publication.
Yuga Labs has various plans. They are planning to raise millions of dollars by selling virtual land plots. Their recent announcement about the launch of Otherside Metaverse releasing date is still unclear.
Impact On ApeCoin
When Time Magazine announced accepting ApeCoin as a mode of payment for its digital payment subscriptions, the coin lost market value. The recently released meme coin, ApeCoin, has lost a market value of around $1.2 billion. The Bored Ape Yacht Club holders the previous week airdropped the coin. ApeCoin prices rose to $39.40 but came down to $17.75. The prices crashed to even $13 after some time. Presently, the prices have reached $11.95 at the time of writing. It would be interesting to see if the prices keep falling or the coin gains momentum.
We have covered everything related to Time Magazine’s announcement of accepting ApeCoin as a mode of payment in the post. Only a little information is shared until now. More details are still not disclosed but will soon be released. The date when the magazine will start accepting ApeCoin as a mode of payment is not disclosed until now. We will keep you updated with any other detail as soon as it is disclosed.