The women in cryptocurrency are often ignored because they are less expressive than the men in the field. For instance crypto women are less likely to advertise their activities. Moreover, women in cryptocurrency are less likely to take the bold risks that attract media and market attention.Read more
PEG will be disruptive because it will allow large numbers of people to become cryptocurrency lenders, factors, and bankers by minting their own tokens. For instance, a factor who buys invoices from businesses could sell that debt by minting it into PEG or ERC tokens.
Hence, PEG will let anybody mine cryptocurrency, back it with fiat currency, and borrow money against it. Thus, a good way to think of PEG is as a “bank in a box” or a “bank in an app.” Instead, of going to a bank you will create a bank using app on your phone.
Moreover, it could be possible to use PEG and PEGUSD to link ERC directly to stablecoins via Bancor’s Liquidity Network. Thus, Ethereum platforms could convert ERC20, ERC223 and ERC771 Tokens into fiat currency in a few seconds or minutes.
The closest thing to Dash Text in the United States is PayPal’s (NASDAQ: PYPL) fast growing Venmo peer-to-peer (P2P) payment app. Like, Dash Text Venmo lets users send money via SMS messages. The difference is that you can only make Venmo payments in US Dollars and Venmo is only available in the USA.
Venmo is growing like a weed. For example, Statista calculates Venmo’s payment volume grew from $6.8 billion in 1st Quarter 2018 to $17 billion in 3rd Quarter 2018. Statista calculates that Venmo’s payment volume has a 78% growth rate.
Moreover, Ox is being tested with stablecoins or Stable Tokens. In detail, a stablecoin is a cryptocurrency pegged to a fiat currency such as the pound. Theoretically a pound stable coin will be worth £1, for example.
Obviously, stablecoins will have enormous appeal because fiat currency supposedly guarantees the price. Strangely, stablecoins will be most popular in countries with lousy fiat currencies. For example, Venezuelans could use a stable token to accumulate and spend US dollars.
Uniquely, Coinbase ranked the Tether (USDT) stablecoin as the 10th most valuable cryptocurrency on 7 November 2018. Additionally, Tether like Ox is available through Coinbase. Therefore stablecoins are a proven concept with proven value.Read more
The success of Bitcoin Cash (BCH) demonstrates that older cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have little future inRead more
The big opportunity Lisk Commander offers is the ability to create sidechains for specific business purposes. For instance; a Lisk (LSK) payment solution built into a gaming platform.
The ultimate goal at Lisk is apps built directly in sidechains. In particular, sidechains could be delivery channels for videos, decentralized apps (Dapps), games, remittances, securities, and micropayments.
The drawback to Lisk Commander is there is no evidence anybody is using it in the real world. I will be skeptical of Lisk, until the Lisk Foundation unveils a platform processing LSK payments on a sidechain.
The drawback is sidechains are less encrypted than the blockchain. A sidechain’s capacity is greater because there is less encryption.Read more
Therefore, the greatest opportunities for cryptocurrency in North America are central bank issued crypto coins, and altcoins linked directly to fiat currencies.
Not surprisingly, American companies are behind stablecoins (fiat-backed altcoins) like Tether (USDT) and the Dai (DAI). Individuals could use stablecoins as a savings or as a hedge against inflation. An obvious use for stablecoins is transmitting money to and from other countries.
Other opportunities include protocols that quickly convert cryptocurrency into fiat currency. Notably, the most promising of these is Uphold.
To explain, Uphold is an application programming interface (API) that enables fast conversion of currencies. Uphold currently converts major cryptocurrencies like the Swiss Franc and the US Dollar.Read more
One Pay Fx reportedly makes Santander the first bank to roll out a roll out a “blockchain-based international payments service to retail customers in multiple countries simultaneously.”Read more
Tether’s Coin Price raises serious questions about the whole concept of stablecoins. There is no direct conversion between Tether and the dollar.
Indeed, a person converting Tether (USDT) into greenbacks lost 1.22¢ on the transaction on 19 October 2018. That will convince many that conversion mechanisms like Uphold’s API are a better deal.
A logical conclusion is that the market prevents one-on-one conversion of Tether. To explain, Tether or exchanges have to buy dollars on the market for conversions. Hence, they have to pay the market rate for dollars.
Moreover, the exchange or Tether charged the market Coin Price for USDT. Under those circumstances, a one-on-one conversion of Tether is impossible.
Another conclusion we can make is that stablecoins are impossible. To explain, it is not possible to create a cryptocurrency with one-on-one conversion.
One-on-one conversion is impossible because Mr. Market controls the price. The only to change that is to keep altcoins off the market. That is impossible because anybody can sell cryptocurrency anytime.Read more
The TRON Foundation is trying to discourage Ethereum use and encourage TRON use. To that end, it is encouraging exchanges to list TRON (TRX) and discouraging ERC20 use.
Discouraging Ethereum use is necessary for TRON because of Ethereum’s popularity. For instance, 94 out of the top 100 blockchain platforms utilize Ethereum, CCN estimates. Furthermore, up to 250,000 developers could be using Ethereum tools, cryptocurrency researcher Kevin Rooke claims.
Therefore, to be competitive the TRON Foundation needs to destroy Ethereum. However, there is no guarantee burning ERC20 Tokens will achieve that goal.Read more