5 news from the crypto world - May 5

Cryptocurrency adoption is increasing in Mexico . According to LocalBitcoins volume data, fiat Mexican peso transactions increased 40% in the third week of April, with a total of 56 BTC traded on its P2P platform. Furthermore, a recent survey found that up to 78% of surveyed Mexicans have expressed their willingness to buy cryptocurrencies. On the other hand, it is speculated that if the government fails to restore public confidence in the wake of the coronavirus pandemic, citizens could resort en masse to taking refuge in crypto assets.

Ryde , a Singapore passenger transport firm, will introduce a new payment solution in June 2020 to allow users to pay with cryptocurrencies. Ryde users will be able to top up their RydePay wallet using bitcoin (BTC) and convert it for RydeCoins at market rates to pay for their travel. A RydeCoin is currently valued at a Singapore dollar.

Blockchain technology companies that use a regulatory sandbox created by the South Korean government could be forced to continue testing their services and products within the controlled environment for up to four years. The government will wait to see how the pilot programs are developed before deciding whether or not to create regulatory frameworks for them to operate in real-world scenarios, which means they could be forced to operate with the sandboxes until Seoul has issued a judgment on their effectiveness, a process that may not be complete until 2024.

A Klaytn partner company has developed a pet care platform with token rewards . The company, called BlockPet, reported that it is testing a blockchain-based beta app that will allow dog owners to earn crypto assets when their pets complete specific "missions" with their owners. The Klaytn blockchain network is operated by the South Korean chat application giant, the Kakao Group.

The Kyber Network (KNC), an open source chain liquidity protocol, has partnered with StakeWith.Us, a Singapore-based blockchain infrastructure company that develops betting-based protocols for institutional and retail clients. The partnership complements Kyber's Katalyst update, which is scheduled to start late in the second quarter of 2020, and will allow for the convenient KNC token and KyberDAO engagement.