First, when Bittrex initiates a payment between the US and Mexico in xRapid. Second, it sends the payment through Ripple’s XRP Ledger to Bitso. Third, Bitso converts the XRP into Mexican Pesos in its Mexican Peso liquidity Pool. Fourth, it settles the payment into a Mexican bank account.Read more
Therefore, the NEO (NEO) Smart Economy is really a smart contract economy. To work, a smart contract economy will need a method of verifying and protecting digital identities.Read more
Swarm City supposedly ensures the reputation and offers payment in US Dollars, Bitcoin (BTC), Euros, or Ethereum (ETH). However, it does not look as if Swarm City will create an economy of scale with its technology.Read more
Plus Steems claims it has processed 1.169 million payments as of 2 January 2019. Thus, Steem has supposedly processed more payments than Ethereum (ETH) and Bitcoin (BTC). For the record, Steem estimates Ethereum has processed 545,244 transactions and Bitcoin had processed 530,125 transactions as of January 2, 2019.Read more
The international law firm Bird & Bird concludes cryptocurrency is not legally money. Instead, Bird & Bird describes the Pluton (PLU) cryptocurrency as a utility token or a loyalty point.Read more
Although Bitcoin (BTC) is still an undisputed leader in the market, there are many altcoins that offer the same functionality (or even broader) but can be bought at a more favourable price. Let’s look into three of them.Read more
I have to wonder why Wings (WINGS) and Aragon (ANT) are offering cryptocurrencies.
To clarify, these organizations are really selling services; DAO building and maintenance. I have to wonder why they do not sell the services directly for Ethereum (ETH), Bitcoin (BTC), EOS (EOS), or fiat currency.
If the services are good, people will pay for them. Moreover, not having a cryptocurrency will simplify payments and administration. Plus, Wings and Aragon could redirect the resources used to build and maintain the altcoins to improving their core businesses.
Thus, Apple Pay is more widely accepted in Germany than in the United States. For example, America’s largest retailer Walmart (NYSE: WMT) and largest standalone grocer Kroger (NYSE: KR) refuse to accept Apple Pay.Read more
For instance, attorneys at Plutus’s law firm Bird & Bird wrote an interesting legal opinion on Pluton (PLU)’s legal status that could have far-reaching implications for cryptocurrency. Notably, Bird & Bird concludes cryptocurrency is not money.
“In summary, PLU are loyalty points similar to cash-back points from your grocery store, or air-miles when you travel. In this sense, they qualify as utility tokens in every category,” Bird & Bird concludes.
Instead of a currency, a Pluton (PLU) is a “non-monetary reward token” similar to frequent flier miles. Therefore, Plutus regards Plutons as rewards tokens and not cash.
The best way to think of Visa (NYSE: V) is not as a credit card brand but as a globalRead more