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themarketinsights · 6 months

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Crypto Crisps Market Expectation Surges with Rising Demand and Changing Trends

Advance Market Analytics published a new research publication on “Global Crypto Crisps Market Insights, to 2028” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Crypto Crisps market was mainly driven by the increasing R&D spending across the world.

Major players profiled in the study are:

H+ Creative (United States), OpenSea (United States)

Get Free Exclusive PDF Sample Copy of This Research @ https://www.advancemarketanalytics.com/sample-report/191131-global-crypto-crisps-market?utm_source=Benzinga&utm_medium=Vinay

Scope of the Report of Crypto Crisps

Crypto Crisps is a virtual flavour depicted as a piece of art. It is limited to just 50 versions, the flavour is a 1080X1080 MP4 file that shows animated spinning golden Pringles can with Crypto-themed chips. Crypto Crisp is an exclusive creation that only exists virtually in the form of an NFT collectible. It is a digital collectible that can be found on the non-fungible token marketplace Rarible and it boasts a premium, all-gold canister design.

The Global Crypto Crisps Market segments and Market Data Break Down are illuminated below:

by Pricing (USD 2, USD 539.74, USD 800, Others)

Market Opportunities:

Demand for Crypto Crisps

Market Drivers:

Increasing Adoption of Crypto Crisps

Market Trend:

Popularity of the Crypto Crisps among Cryptocurrency Fans

What can be explored with the Crypto Crisps Market Study?

Gain Market Understanding

Identify Growth Opportunities

Analyze and Measure the Global Crypto Crisps Market by Identifying Investment across various Industry Verticals

Understand the Trends that will drive Future Changes in Crypto Crisps

Understand the Competitive Scenarios

Track Right Markets

Identify the Right Verticals

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Have Any Questions Regarding Global Crypto Crisps Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/191131-global-crypto-crisps-market?utm_source=Benzinga&utm_medium=Vinay

Strategic Points Covered in Table of Content of Global Crypto Crisps Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Crypto Crisps market

Chapter 2: Exclusive Summary – the basic information of the Crypto Crisps Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Crypto Crisps

Chapter 4: Presenting the Crypto Crisps Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2017-2022

Chapter 6: Evaluating the leading manufacturers of the Crypto Crisps market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2028)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Crypto Crisps Market is a valuable source of guidance for individuals and companies.

Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/buy-now?format=1&report=191131?utm_source=Benzinga&utm_medium=Vinay

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

Craig Francis (PR & Marketing Manager)

AMA Research & Media LLP

Unit No. 429, Parsonage Road Edison, NJ

New Jersey USA – 08837

#CryptoCrisps #CryptoCrispsMarket #CryptoCrispsMarketgrowth #CryptoCrispsMarketSize #CryptoCrispsMarketTrends

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theresearchblog · 1 year

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Blockchain Payment Tool Market Major Technology Giants in Buzz Again | BitPay, Coinomi, Cryptopay, Electroneum

Advance Market Analytics published a new research publication on Global Blockchain Payment Tool Market Insights, to 2027 with 232 pages and enriched with self-explained Tables and charts in presentable format. In the study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Blockchain Payment Tool market was mainly driven by the increasing R&D spending across the world.

Major players profiled in the study are:

Electroneum (United Kingdom), BitPay (United States), Coinomi (United States), Cryptopay (United Kingdom), Blockonomics (India), CoinsPaid (Estonia), Paytomat (Estonia), Confirmo (Singapore) and ZuPago HyBrid (HD) (United Kingdom)

Get Exclusive PDF Sample Copy of This Research @ https://www.advancemarketanalytics.com/sample-report/193439-global-blockchain-payment-tool-market#utm_source=DigitalJournalVinay

Scope of the Report of Blockchain Payment Tool

Blockchain payment system is drawing a lot of attention for its promising performance and applications. One relevant application or use case we have all seen and heard of is cryptocurrency trading. Blockchain networks are successfully hosting cryptocurrency exchanges such as Bitcoin, Ether etc. Blockchain refers to a chain of blocks. The blocks contain time-stamped digital records of any transactions or data exchange on the distributed network of computers. Blockchain technology was initially used to support the digital currency Bitcoin but is now being explored for various applications that dont involve bitcoin.

On 30th April 2022, Crypto lender Nexo said it has teamed up with global payments company Mastercard to launch what it calls the world’s first “crypto-backed” payment card. It signals the latest move by crypto and incumbent financial networks to join forces as digital assets become more mainstream. Nexo said the card, available in selected European countries initially, allows users to spend without having to sell their digital assets such as bitcoin, which are used as collateral to back the credit granted.

The Global Blockchain Payment Tool Market segments and Market Data Break Down are illuminated below:

by Type (Cross-Boundary, Non-Cross-Boundary), Application (BFSI, Retail, Logistics, Healthcare and Lifesciences), Providers (Application providers, Middleware providers, Infrastructure providers)

Market Opportunities:

Increase in Funding and Investments in Blockchain Payment Tools By Key Players, Eventually, new players, which are better ready to use the Po-tential of Blockchain, will give a Strong motivation to this improvement and Technology is Potentially the Absolu

Market Drivers:

Blockchain Innovation has started an lively Discussion among Researchers and Blockchain Payments Represents a Major Cornerstone of Banking and the Cradle of this Technology

Market Trend:

Rapid Use of Computers and Mobiles in financial aspects and payments and Increase in Popularity of Blockchain Among Retailers/Distributors for Better Supervision & Data Management

What can be explored with the Blockchain Payment Tool Market Study?

Gain Market Understanding

Identify Growth Opportunities

Analyze and Measure the Global Blockchain Payment Tool Market by Identifying Investment across various Industry Verticals

Understand the Trends that will drive Future Changes in Blockchain Payment Tool

Understand the Competitive Scenarios

Track Right Markets

Identify the Right Verticals

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Have Any Questions Regarding Global Blockchain Payment Tool Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/193439-global-blockchain-payment-tool-market#utm_source=DigitalJournalVinay

Strategic Points Covered in Table of Content of Global Blockchain Payment Tool Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Blockchain Payment Tool market

Chapter 2: Exclusive Summary the basic information of the Blockchain Payment Tool Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Blockchain Payment Tool

Chapter 4: Presenting the Blockchain Payment Tool Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021

Chapter 6: Evaluating the leading manufacturers of the Blockchain Payment Tool market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2027)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Blockchain Payment Tool Market is a valuable source of guidance for individuals and companies.

Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/buy-now?format=1&report=193439#utm_source=DigitalJournalVinay

Craig Francis (PR & Marketing Manager)

AMA Research & Media LLP

Unit No. 429, Parsonage Road Edison, NJ

New Jersey USA 08837

#Blockchain Payment Tool Market Analysis #Blockchain Payment Tool Market Forecast #Blockchain Payment Tool Market Growth #Blockchain Payment Tool Market Opportunity #Blockchain Payment Tool Market Share #Blockchain Payment Tool Market Trends

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smartbitcoin-blog · 5 years

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Where You Can Buy Bitcoin In Dubai

Now that you have an idea of what Bitcoin is, let’s get back to our main agenda – how you can acquire this cryptocurrency while in Dubai, UAE and the greater Middle East. There are many options, but we will take you through the most accessible routes. There are three main exchanges you can use to purchase Bitcoin in the Middle East. These are:

Regal Assets (read more) – Precious metals firm specializing in cryptoassets

LocalBitcoins (read more) – Buy and sell Bitcoin with local merchants

BitOasis (read more) – Tested cryptocurrency exchange

More Options

Note: Remember that each of these exchanges has their Pros and Cons, which we will look at, so weigh your options depending on your needs.

Buying Bitcoin Through Regal Assets

Regal Assets is a prominent precious metals custodian and dealer that is well known among investors for its customer service and state of the art security. Investors can invest in Alternative Assets like cryptocurrency & precious metals which are stored in ultra-secure offshore vaults located in a crypto-friendly jurisdiction. Regal is insured by the Lloyd’s of London.

Regal Assets is the world’s first government licensed and insured cryptoasset investment company in Dubai and the surrounding Saudi Arabian peninsula.

Within Regal Assets, they have two main programs for investing in Alternative Assets. The Regal IRA gives investors access to invest in precious metals such as Gold, Silver, Platinum and Palladium in large quantities along with cryptoassets. Regal Cryptos is available for international investors to safely invest in alternative assets with cash such as Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), Ethereum (ETH), Ethereum Classic (ETC), Stellar Lumens (XLM) and privacy cryptoassets Monero (XMR), Zcash (ZEC) and Dash.

Currently, they are the only company in the world to offer an Alternative Assets IRA with both precious metals and cryptocurrency (Regal IRA). Together these combine to make the company a great resource for those who want a balanced portfolio and diversification within their Alternative Investment.

Since this platform offers a unique way to purchase Bitcoin, it boasts many benefits for investors. One of the most striking things about Regal Assets is the cold storage and offline wallet that they offer. When you purchase Bitcoin and other cryptocurrencies, your private keys are stored in a cold wallet securely located away from any natural disaster, emergency or government confiscation.

The company is responsible for safe keeping including transportation and vault security. Regal works directly with the government of Dubai and the Dubai Multi Commodities Centre (DMCC).

Investment Programs

The Regal IRA program is the world’s first Alternative Assets IRA that gives investors the power to invest in both hard assets (precious metals) and digital assets (cryptocurrencies).

The Regal Cryptos grants international investors the ability to make cash investments in the cryptocurrency of their choosing (minimum $5,000) and store the private keys within secure vaults.

How To Make An Investment With Regal Assets:

Investing in Bitcoin with the company is simple.

Step 1: Create an account. Visit the company’s official website and sign up, ensuring that you fill out all of your details correctly. There are three steps in the account creation: (1) Account holder information, (2) Birth information, and (3) Source of funds.

Step 2: Once you are given access, fill out the provided form, and your account will be reviewed and set up within 24 hours.

Step 3: The next step is to fund your account, which is a simple process.

Step 4: Once complete, the job is on the company’s side to process and deliver your investment. They will load your account and proceed to put the funds in cold storage for the utmost security.

Step 5: At any time, feel free to call your personal company representative for updates on your account.

Summary: Remember to always do your due diligence as an investor, however, it seems that Regal Assets has developed a virtually flawless platform for long-term Bitcoin investments. Regal Cryptos is available for international investors to safely invest in alternative assets with cash such as Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Stellar Lumens (XLM), and privacy cryptoassets, Monero (XMR), Zcash (ZEC) and Dash among others. Through the Regal IRA, investors have the power to invest in cryptoassets and precious metals including Gold, Silver, Platinum and Palladium.

Get Started Now Learn More

If you would like to visit the company in person while in Dubai, here is their company information:

Regal Assets Company Information:

Address: Almas Tower, Suite 36-F Jumeirah Lake Towers Dubai, United Arab Emirates

Phone: 001-833-863-2020

International Investors: www.regalcryptos.com

Home: www.regalassets.com

Years in Business: 9 Years

Regal Assets is a proud member of the BBB and BCA and holds the highest rating a company can obtain from the BBB and BCA. Regal Assets has been a featured member of the BCA due to their high level of customer service. With a 5 star out of 5-star customer service review and over 711 reviews, Regal Assets has earned a preferred membership status with TrustLink. Inc. Magazine has ranked Regal Assets No. 20 in the United States for financial services landing Regal Assets on the Inc. Magazine 500 List, an exclusive ranking of the nation’s fastest-growing private companies. As an industry leader, Regal Assets has attracted the support and business of prominent figures and celebrities including Alan Thicke, Dennis Miller, Laura Ingraham, Jerry Doyle, Lars Larson, and Alan Colmes. Regal Assets has been featured in Smart Money, Forbes, Market Watch, Reuters, The Street, And the Hollywood Reporter.

Disclosure: The owners of this website may be paid for sales or leads generated from recommendations or links to various investment opportunities. We strongly recommend seeking the advice of your financial adviser before making any investment.

“Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative. But I am not familiar with the specific product to assert whether it is the best potential setup. And we need a long time to establish confidence.” – Nassim Taleb, New York Times Best Selling Author

Navigation

Bitcoin In Dubai

Buying Bitcoin Through Regal Assets

Buying Bitcoins Using LocalBitcoins

Buying Bitcoins Using BitOasis

Buying Bitcoins Using LocalBitcoins

LocalBitcoins is a person-to-person Bitcoin trading platform with over 1,000,000+ active users in which local buyers and sellers can meet up and exchange Bitcoin (P2P). They serve 248 countries worldwide. Not only can you purchase Bitcoin in the UAE on LocalBitcoins, but also the rest of the Middle East including Bahrain, Cyprus, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey, and Yemen.

CEO:Nicholas Kangas

Headquarters:Helsinki, Finland

Founders:Nicholas Kangas, Jeremias Kangas

Founded:2012

Customer service:

Contact Support

LocalBitcoins serves as a marketplace where you can buy Bitcoin from local sellers and have the ability to haggle for a favorable price. The platform is unique in that it has a reputation and feedback system for buyers and sellers along with an escrow and conflict resolution service. The platform is simple to use and fun to navigate. It is easy for a registered trader in just about any city or country around the world to locate and find a nearby Bitcoin merchant.

Registering, buying and selling Bitcoin on LocalBitcoins is completely free and getting verified is fast and only requires (1) E-mail, (2) Phone number or (3) Identity verification. Every Bitcoin seller has a rating, so when it comes to performing a transaction your choices are flexible and can be instant. There are hundreds of options for payment including cash, credit card, cashier’s check, gift card, postal mail, MoneyGram, PayPal, Western Union, Venmo, Square Cash, Walmart 2 Walmart, QIWI, Payoneer, Payza, Xoom, MobilePay, Chase QuickPay, Google Wallet, WebMoney, Vanilla and various cryptocurrencies. Users who create advertisements are charged a 1% fee for every completed trade.

Each account can be secured with Two-Factor Authentication (2FA) which can be enabled within the Google Authenticator app or with a paper code. Getting in touch with customer support is easily accessible and response times are fast.

The best aspect of the marketplace is that every user has their own web wallet.

How To Get Started On LocalBitcoins:

Step 1: Sign up on the site and use a secure password. The website shows Bitcoin sellers within your city or region regardless of whether or not you have an account. It is recommended that you list yourself to enjoy the escrow services that the platform offers.

Step 2: Once you have signed in, go ahead and search for local Bitcoin sellers in the ‘Buy’ section. You will likely see many offers with different payment options. Now, your job is just to hit Buy, ensuring that the user you select has a favorable rating (preferably more than 90%), for a swift trade.

LocalBitcoins Sellers in UAE

Step 3: When you click Buy*, you will go to a page with details about the terms of trade (created by the seller), information on trade limits, payment methods, and some fields, where you need to enter either the number of Bitcoins you wish to purchase or the amount of money in AED. There’s also a chat section where you can add more information. When you complete filling these fields, hit, “Send trade request.’

*Alternatively, you can directly message the seller to schedule a time and place to meet up.

Step 4: The Bitcoin seller will now receive a notification of your request, and the number of Bitcoins you intend to buy will credit from their account to LocalBitcoin’s escrow service. They will also respond on the chat section, asking you to send the payment. Don’t worry about anything – go ahead and make the payment. Once you finish, click on the confirmation on the bottom right of the page.

Step 5: Once the seller confirms payment, the Bitcoins will release and reflect in your account. LocalBitcoins saves the chats for some time should you return with a complaint about the transaction.

You now have Bitcoin in your possession or within your web wallet.

Conclusion: LocalBitcoins is an excellent option for those who want to perform a same-day trade with a local seller in Dubai or anywhere in the world. Not only does LocalBitcoins have an easily navigable site, but also their user management system makes it easy to vet and review other buyers & sellers. Overall, LocalBitcoins has no fees and is an effective platform for purchasing Bitcoin from nearby merchants using just about any payment method out there. If you want to learn more about LocalBitcoins feel free to read our full review here.

“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.” – Peter Diamandis, CEO of the X PRIZE Foundation

Navigation

Bitcoin In Dubai

Buying Bitcoin Through Regal Assets

Buying Bitcoins Using LocalBitcoins

Buying Bitcoins Using BitOasis

BitOasis is a bitcoin consumer wallet and instant exchange focused on cash-based emerging markets in the Middle East & North Africa. The multi-signature BitOasis Wallet (available on Android and iOS) also provides the highest level of security. It is the first platform to offer cryptocurrency buying, selling and trading services in the Middle East serving the entire Gulf region including the United Arab Emirates (UAE), Bahrain, Oman, Kuwait, and Saudi Arabia.

CEO:Ola Doudin

Headquarters:Dubai, UAE

Founders:Ola Doudin, Daniel Robenek

Founded:2015

Customer service:

Frequently Asked Questions

Another attractive alternative to LocalBitcoins if you are in the Dubai region is BitOasis. Albeit it does not feature nearby merchants, BitOasis is an excellent trading exchange for instantly buying, selling and trading Bitcoin and other cryptocurrencies once registered and verified on the platform.

With BitOasis one can easily get started with buying Bitcoin in UAE Dirham (AED). When you sign up to BitOasis, you will instantly gain access to your BitOasis wallet, which allows you to buy and sell Bitcoin securely. All other digital assets can be stored on the Trading Platform only. Local and international deposits have a minimum amount of 300 AED. All other questions can be answered from within the Frequently Asked Questions (FAQ) page.

Not only does BitOasis have a clean and relaxed interface, but also their iOS and Android apps help to make the exchange a fun and accessible experience. On BitOasis, you can buy, sell and trade Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash ABC (BCH), Bitcoin Cash SV (BSV), Ripple (XMR), Litecoin (LTC), ZCash (ZEC), Monero (XMR), Ethereum Classic (ETC), and Stellar (XLM). The BitOasis wallet helps to make the process of purchasing and holding cryptocurrency as enjoyable as possible.

BitOasis is a great option for quickly and efficiently purchasing BTC on the go. If you are in the Middle East and/or North Africa we recommend getting started with BitOasis as it is the premier bitcoin asset exchange in the region, and will continue to grow for the foreseeable future. The withdrawal feature is available for BitOasis traders in the United Arab Emirates (UAE), Saudi Arabia, Kuwait, and Bahrain only. Those located in Dubai will find BitOasis easily accessible to meet their needs.

How To Get Started On BitOasis:

Step 1: Sign up on the platform, and ensure you use a secure password.

Step 2: In order to proceed with the purchase, you will have to create a voucher so that you can exchange it for the number of bitcoins you want. To do this, you will need to make a payment via credit card or bank transfer. The credit card takes less time and is the most recommended method. Bank transfer is cheaper but will for some time before confirmation.

Step 3: Click on the Buy Bitcoin tab found on the left side of the page, input the amount (voucher amount) as well as the payment method, in this case, credit card, and then hit Next. The charges will be around 6%, so you will pay a processing fee of 300 AED for Bitcoins worth 500 AED. Check that the transaction details displayed on the voucher correctly reflect the number of Bitcoins you want to buy.

Step 4: Confirm the payments by clicking “Proceed With Payment,” and you will redirect to the platform’s payment gateway, where you will need to fill in your credit card details. Click on the “Pay Now” tab and wait for verification of the transaction. This could take anywhere from a few minutes to 15 minutes, depending on the number of requests.

Step 5: Done! After some time, you will see the Bitcoins in your BitOasis wallet.

Conclusion: Overall, the BitOasis interface is user-friendly and makes it simple for new visitors to navigate and purchase cryptocurrency quickly. The BitOasis Wallet works seamlessly with the exchange and is also available on the iOS app store, so you can check your funds anywhere you go.

“Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments.” — Leon Luow, Nobel Peace Prize nominee

Other Options For Buying Bitcoins In Dubai And The United Arab Emirates

Regal Assets, LocalBitcoins and BitOasis are not the only exchanges where you can buy Bitcoins in Dubai and the rest of the UAE – they are just the most popular in the region. If you want to explore other options, you can also go on Paxful, Coinmama, and/or CEX.IO. If you are international, Coinbase is a great option too.

Purchasing Bitcoin in Dubai becomes easier with the use of various exchanges, including those that we have covered. And as with any other investment, make sure you secure yours by keeping all your information within a cold storage wallet. If you want to purchase Gold and other precious metals in addition to Bitcoin the Regal IRA is an excellent option.

Conclusion

For those in the UAE looking for a trusted Bitcoin seller in Dubai, you will want to do your proper research before making a purchase decision. Hopefully, this guide has offered a way for you to learn about your options and how you can invest in cryptocurrency while in Dubai, UAE.

If you go for LocalBitcoins (view site), be careful when dealing with sellers and only go for reputable ones. If you decide to go with BitOasis(view site), make sure that you use due diligence to verify your identity and set up your account. Lastly, if you want to store a high-volume of cryptocurrency with maximum security, seriously consider investing with Regal Assets (view site).

Our Top Recommendation

9.9REGAL ASSETS9.9/10

READ MORE http://bit.ly/2MEtXGc

#cryptocurrency #cryptocurrency news #bitcoin #cryptocurrency market #crypto #blockchain #best cryptocurren

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emileparfaitsimb · 1 year

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Understanding Cryptography: How to Get Started and What It Is

Cryptocurrency is frequently described as “digital money.” This description might also be true, however it fails to seize what makes cryptocurrency special and so attractive to many investors.

What is cryptocurrency? At its core, cryptocurrency is a machine of value. When buyers purchase a cryptocurrency, they are making a bet that the cost of that asset will expand in the future, simply as inventory market buyers purchase securities when they agree with the agency will develop and share fees will increase. Stock valuations boil down to discounted estimations of a company’s future cash flows. There is no similar valuation metric for cryptocurrencies due to the fact there is no underlying company; the price of a cryptocurrency is tied solely to investor appetite. Cryptocurrency valuations boil down to one of two factors: the probability of different traders shopping for the asset or the utility of the cryptocurrency’s blockchain.

How does cryptocurrency work? Cryptocurrency runs on blockchain technology, however what precisely is a blockchain? The time period has grow to be so commonplace, its that means and magnitude are regularly blurred. A blockchain is absolutely a digital ledger of transactions. This ledger (or database) is dispensed throughout a community of laptop systems. No single device controls the ledger. Instead, a decentralized community of computer systems maintains a blockchain going for walks and authenticates its transactions. Proponents of blockchain technological know-how say that it can enhance transparency, enlarge have faith and bolster protection of statistics being shared throughout a network. Detractors say that blockchain can be cumbersome, inefficient, expensive, and can use too a whole lot energy. Rational crypto traders purchase a digital asset if they accept as true with in the energy and utility of its underlying blockchain. All cryptocurrencies run on blockchain, which potential crypto traders are having a bet (whether they comprehend it or not) on the resiliency and beauty of that blockchain.

Cryptocurrency transactions are recorded in perpetuity on the underlying blockchain. Groups of transactions are brought to the ‘chain’ in the structure of ‘blocks,’ which validate the authenticity of the transactions and maintain the community up and running. All batches of transactions are recorded on the shared ledger, which is public. Anyone can go and seem to be at the transactions being made on the foremost blockchains, such as Bitcoin (BTC) and Ethereum (ETH). But why do humans commit computing electricity to validating blockchain transactions? The reply is, they are remunerated with the underlying cryptocurrency. This incentive-driven machine is known as a proof-of-work (PoW) mechanism. The computer systems ‘working’ to ‘prove’ the authenticity of blockchain transactions are acknowledged as miners. In return for their energy, miners acquire freshly minted crypto assets. Investors in cryptocurrencies don’t keep their belongings in normal financial institution accounts. Instead, they have digital addresses. These addresses come with non-public and public keys -- lengthy strings of numbers and letters -- that allow cryptocurrency customers to ship and get hold of funds. Private keys enable cryptocurrency to be unlocked and sent. Public keys are publicly accessible and allow the holder to get hold of cryptocurrency from any sender. It is honest to say that Bitcoin has modified the paradigm -- there has been nothing pretty like it before, and it has unleashed an absolutely new technology, a new platform for investing, and a new way of questioning about money. Cryptocurrency started out as a grassroots motion with an anti-establishment ethos, however today, companies and economic institutions are embracing cryptocurrencies for their plausible to disrupt clunky legacy structures and diversify funding portfolios. As improvements proceed to reshape the cryptocurrency sector, which include interesting new initiatives like decentralized finance (“DeFi”), the that means of cryptocurrency will proceed to evolve.

Source:- https://emileparfaitsimb.blogspot.com/2023/02/understanding-cryptography-how-to-get.html

#Crypto investment benefits in Russia #Best Future of crypto currency in Russia #Mining in Russia #crypto currency trading strategies #inRussia #crypto market in Saudi Russia #best way to investment Money in Russia #Mining investment in Russia #Crypto investment in Russia #Crypto currency in Russia #Best Future of crypto currency in Qatar #Mining in Qatar #in Qatar #crypto market in Saudi Qatar #best crypto exchange in Qatar #Mining investment in Qatar #Crypto investment in Qatar #Crypto currency in Qatar

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themarketinsights · 1 year

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Bitcoin Bank Market to see Booming Business Sentiments | Robinhood, Coinbase, Binance, NextBank

Latest Study on Industrial Growth of Bitcoin Bank Market 2022-2027. A detailed study accumulated to offer Latest insights about acute features of the Bitcoin Bank market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.

Major players profiled in the study are:

Circle (United States), NextBank (Philippines), Nubank (Brazil), Mizuho (Japan), Elliptic Vault (London), Btcbank (United States), Robinhood (United States), Coinbase (United States), Bitbank (Japan) and Binance (United States)

Get Exclusive PDF Sample Copy of This Research @ https://www.advancemarketanalytics.com/sample-report/99533-global-bitcoin-bank-market#utm_source=DigitalJournalVinay

Scope of the Report of Bitcoin Bank

Bitcoin Bank is an automated cryptocurrency trading platform that enables anyone, regardless of prior knowledge or expertise, to buy and sell cryptocurrencies on the open market. Bitcoin bank provide trusted and reliable Bitcoin and crypto trading apps in the market, which uses the most accurate predictions through its robots. The platform has immense potential to exploit the most volatile cryptocurrency markets globally and earn the highest profits. Bitcoin Bank uses high-end encryption and most advanced programming algorithms. The app uses all the present and historical data of the market and analyses both strategically and emotionally, thus, creating trend maps for the market.

The Global Bitcoin Bank Market segments and Market Data Break Down are illuminated below:

by Application (SMEs, Large Sized Enterprises, Individuals), Category (Cloud Based, On Premise), Service (Digital Payments, Bitcoin Debit Card, Loan, Balance Holding, Other), Operating System (Android, IOS, Windows)

Market Opportunities:

Continuous Growth in Digital Infrastructure, Rapid Growth in Ecommerce and IT Sector and Growth in Fintech Infrastructure

Market Drivers:

Rising Demand in Online Crypto Trading, Surge in Demand in Digital Assets Purchasing, Rising Demand in Cryptocurrency Custodial Management and Handling solutions and Demand in Virtual Financial Investments

Market Trend:

Innovation of New Crypto Banking Software Applications, Innovation of Fifth Generation (5G) Technology and Developing Web 3.0 Technology for Cryptocurrencies

What can be explored with the Bitcoin Bank Market Study?

Gain Market Understanding

Identify Growth Opportunities

Analyze and Measure the Global Bitcoin Bank Market by Identifying Investment across various Industry Verticals

Understand the Trends that will drive Future Changes in Bitcoin Bank

Understand the Competitive Scenarios

Track Right Markets

Identify the Right Verticals

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Have Any Questions Regarding Global Bitcoin Bank Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/99533-global-bitcoin-bank-market#utm_source=DigitalJournalVinay

Strategic Points Covered in Table of Content of Global Bitcoin Bank Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Bitcoin Bank market

Chapter 2: Exclusive Summary – the basic information of the Bitcoin Bank Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Bitcoin Bank

Chapter 4: Presenting the Bitcoin Bank Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021

Chapter 6: Evaluating the leading manufacturers of the Bitcoin Bank market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2027)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Bitcoin Bank Market is a valuable source of guidance for individuals and companies.

Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/buy-now?format=1&report=99533#utm_source=DigitalJournalVinay

Craig Francis (PR & Marketing Manager)

AMA Research & Media LLP

Unit No. 429, Parsonage Road Edison, NJ

New Jersey USA – 08837

#Bitcoin Bank market analysis #Bitcoin Bank Market forecast #Bitcoin Bank Market growth #Bitcoin Bank Market Opportunity #Bitcoin Bank Market share #Bitcoin Bank Market trends

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kisan512posts · 4 years

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FinTech Blockchain -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2026

FinTech Blockchain Industry

Description

Wiseguyreports.Com Adds “FinTech Blockchain -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2026” To Its Research Database

Global FinTech Blockchain market is accounted for $231.0 million in 2017 and is expected to reach $34105.1 million by 2026 growing at a CAGR of 74.2%. Factors such as increasing crypto currency market cap, huge demand of blockchain technology for payments, smart contracts, and digital identities are some key factors propelling the market growth. However, uncertain regulatory standards and frameworks, shortage of applications and use cases are restricting the market growth.

FinTech Blockchain is ideal for technology and banking professionals who wish to differentiate themselves. Block chains provides users and companies in Fintech a decentralized network to share secure information, and provide the unalterable transfer of data. With the invention of Smart Contracts, block chains can ensure the obligations of both parties are met before a transaction or agreement is completed.

By provider, application and solution providers segment held significant growth for FinTech Blockchain market during the forecast period due to adoption of technologically developed blockchain solutions in financial companies. Based on Organization size, large enterprises segment is expected to lead the market as these solutions provide overall reduced infrastructure cost and improve customer loyalty. By Geography, Asia Pacific has witnessed significant growth during the forecast period owing to adoption of blockchain applications and rising in the overall investments in the blockchain technology solutions to change processes in the financial services industries in this region.

Some of the key players in FinTech Blockchain market are Microsoft, Chain, Oracle, Auxesis Group, Recordskeeper, Earthport, Factom, Bitfury, Guardtime, Applied Blockchain, Alpha point, Digital, Asset Holdings, Abra , IBM and Ripple.

Request for Sample Report @ https://www.wiseguyreports.com/sample-request/3291596-fintech-blockchain-global-market-outlook-2017-2026

Organization sizes Covered: • Small and Medium-Sized Enterprises • Large Enterprises

Providers Covered: • Middleware Providers • Infrastructure and Protocol Providers • Application and Solution Providers

Applications Covered: • Exchanges and Remittance • Identity Management • Compliance management • Smart contract • Payments, Clearing, and Settlement • Other Applications

End Users Covered: • Insurance • Banking • Non-Banking Financial Services

Regions Covered: • North America o US o Canada o Mexico • Europe o Germany o UK o Italy o France o Spain o Rest of Europe • Asia Pacific o Japan o China o India o Australia o New Zealand o South Korea o Rest of Asia Pacific • South America o Argentina o Brazil o Chile o Rest of South America • Middle East & Africa o Saudi Arabia o UAE o Qatar o South Africa o Rest of Middle East & Africa

Leave a Query @ https://www.wiseguyreports.com/enquiry/3291596-fintech-blockchain-global-market-outlook-2017-2026

What our report offers: – Market share assessments for the regional and country level segments – Market share analysis of the top industry players – Strategic recommendations for the new entrants – Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets – Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) – Strategic recommendations in key business segments based on the market estimations – Competitive landscaping mapping the key common trends – Company profiling with detailed strategies, financials, and recent developments – Supply chain trends mapping the latest technological advancements

Table of Content

39 Executive Summary

2 Preface 2.1 Abstract 2.2 Stake Holders 2.3 Research Scope 2.4 Research Methodology 2.4.1 Data Mining 2.4.2 Data Analysis 2.4.3 Data Validation 2.4.4 ResearcApproach 2.5 Research Sources 2.5.1 Primary Research Sources 2.5.2 Secondary Research Sources 2.5.3 Assumptions

….

8 Key Developments 8.1 Agreements, Partnerships, Collaborations and Joint Ventures 8.2 Acquisitions & Mergers 8.3 New Product Launch 8.4 Expansions 8.5 Other Key Strategies

9 Company Profiling 9.1 General Cable Corporation 9.2 Leoni AG 9.3 Universal Cable (M) Berhad 9.4 Sewedy Electric Company 9.5 Prysmian Group 9.6 Tele-Fonika Kable SA 9.7 Tianjin Suli Cable Group 9.8 LS Cable & System Ltd 9.9 Dubai Cable Company (Private) Ltd 9.10 NKT Group 9.11 Keystone Cable 9.12 Tratos Limited 9.13 Nexans S.A 9.14 Jiangnan Group Limited

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Continued…

NOTE : Our final report have added the analysis of the impact of COVID-19 on this industry, Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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preciousmetals0 · 5 years

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UAE Accepts Crypto Regulation, Blockchain Projects Stand to Benefit

UAE Accepts Crypto Regulation, Blockchain Projects Stand to Benefit:

The Securities and Commodities Authority (SCA) in the United Arab Emirates has drafted a resolution on regulating crypto assets, providing greater clarity for crypto-related projects in the Middle East nation.

With the focus usually on China, Japan or the United States, the Middle East is an area that doesn’t often get the attention it deserves when it comes to blockchain and cryptocurrencies. However, barring a few highly restrictive countries, such as Iraq and Kuwait, the region generally exhibits a very progressive and supportive stance when it comes to the blockchain industry.

Speaking to Cointelegraph, Sukhi Jutla, a blockchain author as well as a Financial Times and Google Top 100 European Digital Champion, commented that by drafting this resolution, the UAE is sending a positive sign to the world, adding that:

“They are signalling that they are open to exploring this area and by creating guidelines they are giving more reassurance, confidence and stability to businesses owners who may want to enter this field.”

This move by the UAE could potentially lead to other nations moving in a similar direction, which would help remove a lot of the obstacles that the industry currently faces. She went on, saying:

“The UAE has been smart enough to understand that this innovation will grow in years to come and they don’t want to miss it. I wouldn’t be surprised if the UAE becomes the leading nation in this space just as they did with the oil and property space.”

Related: From Qatar to Palestine: How Cryptocurrencies Are Regulated in the Middle East

While countries like Turkey, Iran and Israel are in the process of investigating the advantages of blockchain technology, the UAE, along with both Bahrain and Saudi Arabia, is leading the charge when it comes to positive crypto and blockchain legislation. The UAE, in particular, already hosts several blockchain initiatives that stand to benefit significantly from the new regulations.

The Digital Silk Road

As reported at the start of October, the Dubai Chamber of Commerce announced a partnership with one of the UAE’s largest state-owned banks, Emirates NBD. The agreement aims to help drive progress of the Dubai 10X initiative, which hopes to digitize the trade process in what has become known as the “Digital Silk Road.” Developed in collaboration with Dubai Customs and the cargo handling service DP World-UAE, the project is scheduled to go live in 2020.

The Digital Silk Road is not the first blockchain-based trade finance project to be developed in the UAE. In April 2019, local blockchain startup Perlin partnered with the International Chamber of Commerce (ICC) to form the ICC Blockchain/DLT Alliance. The Paris-based ICC is now the world’s largest business organization, boasting 45 million members. The partnership with Perlin reportedly represents the single largest exposure of blockchain technology to global business, reaching companies in 130 countries around the world. The Dubai Chamber of Commerce officially joined the project in June this year.

The Bank Trust Network

The Dubai telecommunications service provider Du has partnered with Avanza Innovations to develop the country’s first financial document exchange platform based on blockchain technology. The platform is built on Du’s proprietary “Blockchain Platform as a Service,” a shared environment that was created last year to host blockchain-based proof-of-concepts put forward by companies hoping to adopt the technology.

The document exchange platform, dubbed the “Bank Trust Network,” will serve as a means for banks and other financial institutions to safely and securely share digital paperwork. Historically, it’s been challenging to share sensitive financial information over telecommunications networks due to the high potential for fraud or interception.

The nature of a blockchain-based system provides a network that is intrinsically resistant to corruption, theft or alteration. Going paperless also helps Dubai to stick to its environmental commitments and sustainability goals.

The first customer to join the Bank Trust Network was the independent investment and financial services firm Finance House. Headquartered in Abu Dhabi and with offices in Dubai, the company is recognized as one of the first independent financial firms to be established in the United Arab Emirates.

National Bank of Fujairah joins Marco Polo

In September 2019, Dubai’s National Bank of Fujairah (NBF) joined the international blockchain-based trade finance network Marco Polo. Launched in 2017, the network brings together some of the leading financial institutions and technology giants in the world, including Mastercard, Natwest, Microsoft, Oracle and Bank of America.

Created as a collaborative effort between blockchain development firm R3 and open finance platform TradeIX, the Marco Polo network has proven to be an impressively fast-growing trade and capital finance network. Developed on the popular and highly successful R3 Corda enterprise blockchain technology, the network is focused mainly toward large corporate clients but can support small- and medium-sized businesses too. The central part of its application software, the Marco Polo Platform, is built and licensed through TradeIX’s open framework, making it more easily accessible and customizable for clients.

NBF’s head of global transactions services, Subramanian Krishnamurthy, noted how the partnership complements the bank’s desire to explore emerging technologies such as blockchain:

“We are thrilled to join the Marco Polo Network and support the collaborative effort to create and advance these new technologies in the trade finance ecosystem. As a dedicated financial partner, we will continue to leverage forward-thinking platforms that respond to our clients’ needs, enhance their customer experience and add value to their businesses.”

The platform is a powerhouse of distributed technology for both trade and supply chain finance, offering products to support receivable discounting, factoring and payment commitment. The open model means any member can develop and improve upon the system, with the benefits of distributed ledger technology creating a real-time flow of data connectivity that reduces typical failure points.

As a member of the Marco Polo network, the National Bank of Fujairah has access to the Universal Trade Network, an international initiative created by Marco Polo with an aim to develop blockchain trade finance standards. The network hopes to improve interoperability between global blockchain networks from around the world.

Etisalat and First Abu Dhabi Bank

In July 2019, the Abu Dhabi-based telecommunications giant Etisalat Digital partnered with First Abu Dhabi Bank and Avanza Innovations to develop a blockchain-based trade finance platform called UAE Trade Connect. Developers hope to leverage the immutability of blockchain technology to fight invoice fraud and eliminate the problem of double financing.

The Middle East and North Africa region reportedly has the second-highest rejection rate for trade finance applications. While still in its early development stages, the UAE Trade Connect platform hopes to eventually develop solutions to these issues with the additional integration of artificial intelligence and machine learning.

So far, the project has managed to sign up several major Middle Eastern banks, including Emirates NBD, Commercial Bank of Dubai, Abu Dhabi Islamic Bank, Mashreq, Rakbank and Commercial Bank International.

Digital marketplace for secondary trade market

Trade Assets is a Dubai-based blockchain marketplace launched in February 2019 as part of the Dubai Multi Commodities Centre, a “free zone” company initiative. The DMCC was formulated in 2002 by the government of Dubai to provide financial infrastructure and stimulate interest in the global commodities trade.

Since its inception, the Trade Assets platform has been adopted by RAK Bank in Dubai, Yes Bank in India, Banque Misr in Egypt and 22 Bangladeshi banks including Mercantile Bank, Dutch Bangla, Prime Bank and Dhaka Bank.

Related: Middle East Blockchain Development Primed to Lead the Global Industry

The marketplace aims to provide a platform through which banks can capitalize on the $1 trillion secondary trade market that exists due to the limited amount of trade finance banks are willing to carry on their books, as less-desirable portfolios are often sold to make space for newer clients. While this can be a profitable exercise for both sellers and buyers, it is also a disorganized and time-consuming process.

The Trade Assets platform aims to reform the slow and antiquated system that currently supports the secondary trade market with a blockchain-based digital marketplace. The solution offers a fast, highly secure and transparent system that is accessible to all and easy to integrate into any existing framework.

Co-founder and chief marketing officer Sumit Roy, an ex-Deutsche Bank exec, is optimistic about the company’s future. He believes it has a good chance of attracting a wealth of initial clients and will achieve recovery of investment by the end of its third year of operation.

According to a press release on the launch, he said: “Trade Assets will offer exceptional economies of scale and ROI and will acquire over 100 clients in 2 years, aiming to reach $1 billion in transaction volumes.”

The Silsal shipping and logistics blockchain

Abu Dhabi Ports subsidiary Maqta Gateway launched its Silsal blockchain project in October 2018 with the intention to provide greater security, transparency and efficiency. The project was tested in collaboration with major shipping and logistics company Mediterranean Shipping Company (MSC) to evaluate its capabilities.

The Belgian Port of Antwerp was one of the first international ports to partner with Maqta Gateway and MSC to test the Silsal blockchain.

With the creation of the project, Maqta Gateway envisioned a system that can support the seamless exchange of shipping documentation between multiple international ports securely and autonomously. In addition to documentation exchange, the Silsal blockchain gives port authorities the ability to record transaction details on a digital ledger that is transparent and accessible across the trade industry.

Just a tip of an iceberg

While the above represents a large section of the UAE’s blockchain enterprises, it is in no way a comprehensive list. In the first quarter of 2019 alone, UAE-based blockchain startups raised $210 million, making the country the largest beneficiary of blockchain investment in the world.

Now, with favorable crypto legislation, are we are likely to see the UAE emerge as a leading blockchain nation in 2020? Miles Paschini, founder and director of crypto investment app B21, commented to Cointelegraph that:

“Clear regulation will enable this jurisdiction to be in a good position to become a regional leader. With this said, the devil is in the details, regulations can’t stifle innovation. This will be a delicate balance of allowing innovation to occur while protecting consumer and sovereign interests.”

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goldira01 · 5 years

Link

This move by the UAE could potentially lead to other nations moving in a similar direction, which would help remove a lot of the obstacles that the industry currently faces. She went on, saying:

Related: From Qatar to Palestine: How Cryptocurrencies Are Regulated in the Middle East

The Digital Silk Road

The Bank Trust Network

National Bank of Fujairah joins Marco Polo

NBF’s head of global transactions services, Subramanian Krishnamurthy, noted how the partnership complements the bank’s desire to explore emerging technologies such as blockchain:

Etisalat and First Abu Dhabi Bank

Digital marketplace for secondary trade market

Related: Middle East Blockchain Development Primed to Lead the Global Industry

The Silsal shipping and logistics blockchain

The Belgian Port of Antwerp was one of the first international ports to partner with Maqta Gateway and MSC to test the Silsal blockchain.

Just a tip of an iceberg

#Timor Invest

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coin-news-blog · 5 years

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War For Control Over Money: How Can Governments Respond to Crypto?

New Post has been published on https://coinmakers.tech/markets/war-for-control-over-money-how-can-governments-respond-to-crypto

War For Control Over Money: How Can Governments Respond to Crypto?

Governments have never really been big fans of crypto. Sure, the odd finance minister and president has praised blockchain technology or even cryptocurrencies themselves on the rare occasion, but generally the overall mood has been one of suspicion and even outright hostility.

And now, with Facebook entering the industry with its Libra stablecoin, this barely concealed opposition to cryptocurrency has become fully manifest, in various ways. U.S. President Donald Trump openly slammed Bitcoin and Libra in July, while a number of governments have already begun flirting with the ideas of cryptocurrency bans and central bank digital currencies.

Both of these potential responses are being conceived as a means of neutering the threat posed by decentralized or private currencies, such as Libra, to government monopolies over money. But as numerous cryptocurrency experts report, it’s likely that ‘improving fiat currency’ won’t be enough on its own to reduce this threat, given that the main benefit of crypto is its divorce from governments, central banks and other centralized institutions.

Fear and the futility of banning crypto

Governments love banning things. Bitcoin and cryptocurrency is no exception to this, as evidenced by their complete or partial prohibition in the following countries: Afghanistan, Pakistan, Algeria, Bolivia, Bangladesh, The Republic of Macedonia, Saudi Arabia, Vanuatu, and Vietnam (all complete bans); China, India, Ecuador, Indonesia, Morocco, Zambia, Nepal, Egypt, American Samoa, and Qatar (all partial bans or restrictions).

Watch the latest reports by Block TV.

However, as trigger-happy as various governments have been in recent years, it’s clear that banning cryptocurrencies isn’t really a viable way of reducing the threat they pose to the governmental monopoly over money.

"Some governments have tried to ban cryptocurrencies but this hasn’t stopped people from using them and the industry expanding," Iqbal V. Gandham – the managing director at eToro UK – tells Cryptonews.com.

"If people want to use these tokens, there is little governments can do to stop this. It would be like trying to ban the internet."

This ‘unstoppability’ is a large part of the reason why governments are scared of crypto. And now, the emergence of Facebook’s Libra stablecoin has raised the specter of a private currency becoming a genuine rival to national fiat currencies, as explained to Cryptonews.com by Glen Goodman, the author of The Crypto Trader.

"Facebook’s Libra is the first cryptocurrency that truly scares major governments, even though it doesn’t even exist yet," he says. "Donald Trump summed it up in a tweet, when he slammed Bitcoin and Libra, saying the dollar will ‘ALWAYS’ be the world’s dominant currency. He knows the U.S. gains major economic benefits from that position and no doubt he’ll do anything to protect it from pretenders to the currency throne."

Digitizing fiat

So governments are scared of cryptocurrencies and they can’t satisfactorily ban them (at least not in the case of decentralized coins). So what can they do?

Well, they can try creating their own central bank digital currencies (CBDCs) and/or digitizing existing fiat currencies.

"Governments will try to centralise [crypto]," predicts crypto advisor Sydney Ifergan, "and at the same time, turn it to their advantage."

This has already happened in the infamous case of Venezuela’s Petro, while the likes of China, Sweden, Ukraine and Uruguay have been researching or planning their own CBDCs. Similar moves have been rumored for Iran and Russia, ostensibly with a view towards evading American sanctions.

On top of this, the United States Federal Reserve has recently revealed plans to create a central bank-led nationwide payment system in the U.S., making it faster and more efficient, and potentially superior to Bitcoin and other cryptos in terms of performance.

But is it better?

The question is, even if major nations do launch their own centralized cryptocurrencies or new digital payment systems, will superior performance alone be enough to neutralize the threat posed by crypto to national monetary sovereignty?

Well, for starters, it’s not even clear that a central bank-backed CBDC or payment system would be technically superior to major cryptocurrencies. And as cryptocurrency author Mark Jeffrey explains, the development of such projects will be slowed down by the centralized, unwieldy nature of the organizations driving them.

"Recently, the Federal Reserve announced a real-time payment system called ‘FedNow.’ However, ‘FedNow’ won’t be available until 2023: laughably far in the future,” he tells Cryptonews.com.

“This is like watching the taxi industry try to respond to Uber: the attempts are somewhere between comical and sad. The Federal Reserve has never been forced to innovate and compete: they have absolutely no idea how to do it."

More fatally, there is also their lack of decentralization, which stands as the main selling point of true cryptocurrencies.

"Cryptoassets like Bitcoin are not about the digitalization of money," says Iqbal Gandham. "The whole reason Bitcoin was created was its ability to bypass financial institutions, like banks, and issuing authorities, like governments, in a bid to create a currency that was borderless and decentralized. "

“Merely tokenizing a traditional fiat currency so that it can be traded on the blockchain will not challenge the premise in which cryptoassets, including Bitcoin, were created."

It’s for this reason that crypto has an advantage against CBDCs or real-time payment systems for fiat. Yes, they may potentially end up being faster than many cryptocurrencies, but a relative lack of speed hasn’t stopped Bitcoin from gaining traction over recent years, for example, despite the fact that the Visa network was and still is faster than its blockchain.

Should society start valuing monetary freedom more than speed (which is really a solvable technical problem) and price volatility decreases as the market matures, the traditional fiat money system might face some serious questions about its future.

Source: cryptonews.com

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cryptswahili · 5 years

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In the Daily: Quadrigacx Losses, Bithumb UAE, Coinbase Cloud Backup, Chainalysis Funding

Also Read: Two US Public Pension Funds Back New $40 Million Crypto VC

EY Issues Quadrigacx Report

Bithumb to Launch UAE Exchange

Coinbase Wallet Offers Cloud Backup

Chainalysis Secures $30M in Funding

What do you think about today’s news tidbits? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

The post In the Daily: Quadrigacx Losses, Bithumb UAE, Coinbase Cloud Backup, Chainalysis Funding appeared first on Bitcoin News.

[Telegram Channel | Original Article ]

#cryptocurrency

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jacobhinkley · 6 years

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Stellar Is Now The Sixth-Largest Cryptocurrency By Market Cap, Inks Deal With TransferTo

Stellar is getting all the attention from the global crypto community and businesses, As the Stellar Lumens (XLM) token makes it way to become the sixth largest cryptocurrency by market cap. In its latest price surge, Stellar has put behind formidable competitors like Litecoin, IOTA and others. Yesterday, on July 25, the cryptocurrency posted tremendous gains of more than 20% and is currently seen trading at $0.33 with its market cap crossing over $6.3 billion, according to the data on CoinMarketCap.

Stellar’s New Deal With TansferTo Triggers This Price Movement

TransferTo, an international money transfer platform announced its partnership with Stellar on Wednesday. As a part of the deal, TransferTo will work with Stellar to enhance the cross-border payment transfers and settlements and provide customers with low-cost, real-time and secure transfers.

TransferTo is a cross-border mobile payments networks interconnecting international financial institutions and other digital financial services. Stellar, on the other hand, is a distributed and open-source public blockchain network that facilitates a cross-asset transfer of value between different financial institutions e.g. banking systems and payments gateways. As a blockchain platform, Stellar is known for its instant cross-border payment settlements and execution capabilities.

As a part of this collaboration, all the affiliate partners and financial institutions associated with the Stellar and TransferTo will be able to leverage their technologies for payment remittance, while expanding its operations to more than 70 international destinations around the globe.

While speaking on the recent developments, Aik-Boon Tan, Chief Customer Officer at TransferTo said:

“We always aim to be at the forefront of the payments industry, and by partnering with Stellar our goal is to trial the blockchain technology and scale our cross-border payment service to better serve our partners and reduce costs. This can enable our partners to better serve both the migrant workers sending money home and their families receiving it.”

Lisa Nestor, Director of Partnerships at Stellar.org also sounded very positive on this new collaborations saying:

“TransferTo is a leader and innovator in the remittance space, and has extensive experience and reach in emerging markets. We’re thrilled to be partnering with TransferTo to offer an expanded network for our current and future partners, as well as continue to drive greater financial inclusion for the underbanked.”

This deal is a clear indication that Stellar is emerging as a formidable force and competitor to Ripple for blockchain-based cross-border payments linking multiple financial institutions across the globe.

Stellar Is Riding High On The Wave of Positive News

A lot of positive news in the last few weeks is causing Stellar Lumens (XLM) to surge high at a zooming speed. Last week itself, Coinbase, one of the world’s largest cryptocurrency exchanges announced that it is planning to add the support for the trading of Stellar (XLM) tokens on its platform along with four other digital currencies.

Additionally, The Shariyah Review Bureau (SRB), a leading international Sharia advisory agency gave the Stellar Foundation a Sharia Certification which gives the company direct access to all the Islamic financial institutions across the UAE. Stellar noted:

“In partnership with SRB, this certification will help grow the Stellar ecosystem in regions where financial services require compliance with Islamic financing principles. For example, Islamic financial institutions in the Gulf Collaboration Council (i.e. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE) and parts of Southeast Asia (e.g. Indonesia and Malaysia) will now be able to integrate Stellar technology in their Sharia-compliant product and service offerings.”

Additionally, Stellar is also said to be working on a stablecoin project with IBM and Stronghold. The Stronghold USD will be a U.S Dollar pegged digital currency that will be working on the Stellar blockchain network.

The post Stellar Is Now The Sixth-Largest Cryptocurrency By Market Cap, Inks Deal With TransferTo appeared first on CoinSpeaker.

Stellar Is Now The Sixth-Largest Cryptocurrency By Market Cap, Inks Deal With TransferTo published first on https://medium.com/@smartoptions

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