Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

The RCN Network Credit on the Blockchain

Cryptocurrency

These Cryptocurrencies want to Shake up Payment will Banks let them?

Specifically, Pundi X has created a device, a sort of payment terminal that connects with a user’s phone allowing them to spend cryptocurrency at a brick and mortar store. The ultimate goal would be a sort of Square (NYSE: SQ) for the cryptocurrency payments. That is a device that would function as a cash register for cryptocurrency transactions.

Each of these cryptocurrencies provides a cautionary tale for altcoin investors and speculators. The moral of that story is that each of these projects is theoretical and their technologies and business plans unproven.

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