The Rise of Do Kwon in the Crypto World: How Coinbase and Twitter Are Involved

12: 00-21:00 Keywords: UK, Do Kwon, Coinbase, Twitter

Important updates on the evening of April 18th

The cryptocurrency world has seen a surge in the popularity of certain figures who are contributing to the growth of the industry. One such figure is Do Kwon, a Korean-American entrepreneur who has been making waves with his blockchain project, Terra. This article will delve into who Do Kwon is, his connection with Coinbase and Twitter, and what Terra aims to achieve.

Who Is Do Kwon?

Do Kwon is the founder and CEO of Terra, a blockchain project that is focused on creating a stablecoin for global payments. He was born in Korea and later moved to the United States where he worked for Microsoft and then Tencent, China’s largest social media company. It wasn’t until he discovered Bitcoin that he became interested in blockchain technology and saw the potential it had to revolutionize the payments industry.

Terra: A Stablecoin for Global Payments

Terra is a blockchain-based payment system that aims to create a stablecoin for global payments. The stablecoin will be pegged to the value of a basket of currencies, making it less volatile than other cryptocurrencies like Bitcoin or Ethereum. This will make it easier for merchants to accept payments in cryptocurrencies without worrying about price fluctuations.
One of the unique features of Terra is that it has partnered with various e-commerce platforms in Asia to offer rewards to shoppers who use Terra for payments. This has resulted in the creation of a vibrant ecosystem around Terra, which has helped the project gain widespread adoption.

The Coinbase Connection

Coinbase is one of the largest cryptocurrency exchanges in the world, and it has been an early backer of Terra. In September 2018, Terra completed a $32 million funding round, which was led by Binance and included participation from other major players in the crypto world, including Coinbase Ventures.
In addition to providing funding, Coinbase has also listed Terra on its platform, making it available for trading to its millions of users. This has given Terra a significant boost in terms of visibility and credibility within the crypto community.

Twitter and Do Kwon

Do Kwon has been quite active on Twitter, where he shares his thoughts on the crypto industry and provides updates on Terra’s progress. In September 2021, he made headlines when he tweeted that Terra had enabled a new feature that allowed users to send payments using Twitter.
This was made possible through an integration with the Strike payment network, which allows anyone with a Twitter account to send payments to anyone else with a Twitter account. This has the potential to be a game-changer for the crypto industry, as it opens up new possibilities for using cryptocurrencies for payments.

Conclusion

Do Kwon is a rising star in the crypto world, and Terra has the potential to revolutionize the payments industry. With its stablecoin for global payments and partnerships with major e-commerce platforms, Terra has already gained significant traction. The backing of Coinbase and the integration with Twitter only add to its credibility and potential.

FAQs

**Q1: What is a stablecoin?**
A: A stablecoin is a type of cryptocurrency that is designed to have a stable value, often pegged to the value of a basket of currencies.
**Q2: How does Terra differ from other cryptocurrencies?**
A: Terra is focused on creating a stablecoin for global payments, which makes it less volatile than other cryptocurrencies like Bitcoin or Ethereum.
**Q3: What is Strike?**
A: Strike is a payment network that allows anyone with a Twitter account to send payments to anyone else with a Twitter account.