Kaspa (KAS) has seen a surge in its price of 31% in the last 7 days and 4% in the last 24 hours. This is likely to be in part due to the June 22 integration of the cryptocurrency on CoinPal, a leading payment service provider.
CoinPal’s integration with Kaspa adds to the bullish momentum of the crypto market as Bitcoin (BTC) price has risen above $30K for the first time in months. Ten days prior to this, the Kaspa Improvement Proposal (KIP-4) was presented to refine the Kaspa protocol for wider understanding and use.
Kaspa is an open-source, decentralized, and fully scalable Layer-1 blockchain that is the first to enable parallel blocks. It is similar to Bitcoin in terms of decentralization and peer-to-peer technology, but offers enhanced scalability, low transaction fees, and faster transaction speeds.
The integration of Kaspa on CoinPal has provided users with access to over 50 different cryptocurrencies, broadening the scope of the platform’s services. By consistently expanding the number of supported coins and services, CoinPal is firmly establishing itself as a major player in the adoption of cryptocurrencies for e-commerce.
