Crypto wins as Cosmose dumps Stripe for Near Protocol

Cosmose AI, the Singapore-based company specializing in AI-driven in-store foot traffic analytics and customer engagement, has partnered with Near Protocol, a blockchain competitor to Ethereum, to develop a low-cost crypto payment system. The move aims to increase cryptocurrency adoption among the general public, as the innovative payment system offers considerable savings for buyers and sellers.

Timeline of Near-protocol

The cryptocurrency world constantly evolves, with practical use cases emerging in various industries. One such latest development involves Cosmose AI, a company specializing in AI-driven retail analytics, opting for Near's (NEAR) blockchain-based payment system over Stripe.

With the crypto market on an upswing, NEAR Protocol had a robust first quarter, with the circulating market cap of the native token NEAR rising 55% from the previous quarter to $1.67 billion at the end of Q1 2023, according to a Messari report. Comparatively, the global crypto market cap recorded a 46% increase.

NEAR could be another token to watch out for in 2023, given its price moves and network activity over the past three months. Messari's State of NEAR Q1 2023 report reveals the token and its protocol recorded impressive financial performance in the first quarter of 2023.

NEAR Price Prediction: The long-coming downtrend in Near protocol price has started turning sideways indicating the exhausted bearish momentum. The resulting consolidation revealed the formation of a famous chart pattern called a symmetrical triangle.

Matrixport, which claims to be one of the world's largest and trusted digital assets financial services ecosystems, announced that its institutional qualified custodian service, Cactus Custody, has integrated with NEAR Protocol, a Layer 1 blockchain ecosystem.

Near Protocol [NEAR], like a majority of the crypto-market, has been in a consolidation phase for the past few days. Interestingly, NEAR's price action dominated the lower range of $1.800 – $1.996.

Near Protocol, a sharded, proof-of-stake, layer-one blockchain, has announced that it is shifting to become what it calls a "Blockchain Operating System" or BOS. According to Near, this shift marks a significant turn to its focus on building user-centric experiences in the Web3 space.

NEAR announced today that it is becoming the Blockchain Operating System (BOS). The Blockchain Operating System introduces an industry-first category: a common layer for browsing and discovering open web experiences, compatible with all blockchains – making NEAR the entry point to the open web for users and developers alike.

NEAR, a blockchain platform that aims to simplify and democratize access to decentralized applications, announced at the ETHDenver conference and hackathon on March 2 that it is transforming into the Blockchain Operating System (BOS).

Over the course of the past month or two, the cryptocurrency market has been witnessing a significant price recovery. The majority of coins that are included in the top 100 list have seen gains of double and triple-digit percentages, and several of them have even reached their all-time highs.