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Facebook Seeks Partners to Back Its Crypto Payments System: Report

Mark Zuckerberg keeps working on his idea regarding Facebook’s crypto payment service despite the privacy issues it has had in the past

A report by The Wall Street Journal (WSJ) reveals that Facebook is striving to find partners to support Zuckerberg’s idea of integrating a crypto payment system. As well as for introducing a fiat-backed coin into the social networking giant.

Facebook has been discussing these ideas with VC companies and e-commerce platforms to find $1 bln for backing the new stablecoin.

Project Libra requires large investments

Nearly a month ago, Nathaniel Popper, the contributor of the New York Times, published a tweet, saying that Zuckerberg and his team are in talks with VC companies in search of funding Facebook’s crypto project.

Update on Facebook’s cryptocurrency: Sources tell me that Facebook is now looking to get VC firms to invest in the Facebook cryptocurrency project we reported on earlier this year. I hear they are targeting big sums — as much as $1b.— Nathaniel Popper (@nathanielpopper) April 8, 2019

The WSJ now writes that this project has been dubbed Project Libra. Among the giants taking part in the discussions are Mastercard and Visa.

How ‘Facebook Coin’ is planned
to be used

Apart from that, Facebook is having negotiations with online merchants, apparently, wishing to attract them both as investors and partners. Apparently, the so-called Facebook Coin would likely not only be used for remittance through WhatsApp but also for buying goods online. One of the ways Facebook could get online merchants keen is cancelling transaction fees for payments made to their apps.

Blockchain Capital has estimated that the current crypto community consists of 100 mln users. Facebook’s user-base exceeds 1 bln people. Should the social media behemoth launch its stablecoin, the crypto community would get a major boost increasing to billions of users.

The WSJ report says that Facebook plans to reward its users with fractions of the new coin for watching ads and providing engaging content, similar to what Brave browser is doing with its BAT coin.

‘Russian Facebook’’s token already launched

Earlier, Ethereum World News reported that the Russian rival of Facebook, the social media site VKontakte (VK) has already launched its own token.

However, as per reports, the ‘VK Coin’ is used mostly internally – for incentivizing content makers, for letting users purchase sticker packs, emojis and virtual gifts which can be sent to other users within the platform.

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Dash Integrated by WisePass Sampling Network to Enhance Crypto Adoption

WisePass, a service that provides users with samples of goods or services at different venues in different parts of the globe, has integrated Dash, increasing its adoption

Despite the current bearish market, crypto adoption keeps expanding with various coins being integrated into people’s daily activities. The other day, Dash reported that it had made another step towards broadening its adoption area.

Dash spreads around the world

Dash Embassy Thailand has partnered with WisePass – a company that provides users with samples of goods and services at various venues within its network. Now, customers can pay a monthly fee in Dash and get access to more than 300 different venues in Bangkok, Ho Chi Ming, Hanoi and Manila (Thailand, Vietnam, the Philippines).

At WisePass, they have decided to ensure some real crypto adoption in order to bridge the crypto industry and the real world economy. By integrating Dash, they are encouraging customers to spend their crypto as if it were a traditional means of payment and giving them this opportunity.

A “one-time PASS” costs users $35. For this payment, they can have a meal in a restaurant or a drink at Starbucks. This can buy them a movie ticket, a bottle of wine, a session in a fitness club, etc. WisePass plans to add more venues with more services in the near future.

Crypto provides value for merchants

An answer to the question that is becoming
more and more popular in the crypto industry these days – how to get crypto
widely spread among merchants – seems to be in providing value for merchants.

If merchants can see a great inflow of customers
after adding crypto as a payment option, this will convince them that digital currencies
are good for their business revenues and for the economy in general.

The collaboration of Dash with WisePass seems
to enable the crypto coin to be integrated this way, to create consumer
discounts and let them buy goods and pay for services on a daily basis.

Earlier, EthereumWorldNews wrote about another significant partnership Dash had struck in Thailand with AnyPay POS platform. AnyPay now provides its customers with an opportunity to spend Dash at a variety of merchants too.

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JP Morgan Exec: More Partnership Than Competition Between Banks and Crypto

JP Morgan Cryptocurrency Banks

A JP Morgan Chase executive has put forth an interesting compromise between cryptocurrency and the banking framework–two industries that have long been put at odds.

Speaking in an interview with CNBC’s Squawk Box on Mar. 20, JP Morgan’s Global Head of eCommerce Solutions Ron Karpovich made the claim that there is “more partnership instead of competition” between existing financial establishments and what has often been viewed as a banking disruptive market in cryptocurrency.

Karpovich’s comments for collaboration between the two industries comes just a month after his bank announced the development of the JPM Coin, a blockchain-based stablecoin that will function on J.P. Morgan’s internal payment network for clients. While some analysts at the time made the comparison to the role of XRP in Ripple’s payment protocol, Binance Research subsequently dispelled that notion. Instead, Binance’s team pointed out that JPM Coin will be limited in scope and more than likely only available for the use of JP Morgan clients as opposed to inter-bank operability.

Nonetheless, Karpovich’s comments appear to give an indication of reaching across the aisle, with the executive contending that blockchain-based payments will increase the utility of JP Morgan transfers. However, he also goes on to claim that cryptocurrency innovators and entrepreneurs should avoid shunning the banking industry all together, and that they will have to rely upon banks to move funds.

Karpovich told CNBC,

“Ultimately behind the scenes, they [crypto innovators] are going to have to use a bank to move funds. There’s more partnership instead of competition in that space. When it comes to margins and capabilities — payments is never something that grows in margin, nobody wants to pay for a payment. That’s one of the hardest parts of this process: you have limited resources in the capability to sell, so you need highly efficient and large players.”

The JP Morgan executive stressed the need for more efficient and cost-effective payments as the primary driver for innovation in the space of both banking fintech and blockchain-based cryptocurrencies. However, Karpovich finds blockchain somewhat poised to fade into the back-end of technology, as opposed to achieving mainstream adoption by forward-facing cryptocurrencies.

In the case of the JPM Coin, blockchain makes up a component of the technology that will ultimately be used by clients without them directly engaging in the process, as some believe will propel the adoption of cryptocurrency.

Karpovich also dispelled the idea that JP Morgan had contradicted its stance on crypto with the development of the JPM Coin, particularly given anti-Bitcoin comments from the bank’s CEO Jamie Dimon,

“I think there’s a difference between trading a cryptocurrency that’s in the market that’s ubiquitous versus using the technology to enhance your payments infrastructure. We look at the technology as being a means to doing things faster and cheaper: every CEO would like to make things faster and cheaper. So from that standpoint I think it represents a buy into the concept of using blockchain.”

Overall, Karpovich remains positive on the development of blockchain and blockchain-based payments as a field of interest for banks to develop upon.

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Lite.IM Adds Bitcoin (BTC) Support to Facebook Messenger, Telegram and SMS

Back in early August this year, the team at Lite.IM had taken crypto adoption to a whole new level when they announced that Litecoin (LTC) was available via Telegram and Text Messages. The move by Lite.IM was aimed at expanding cryptocurrency access to a wider global population.

Of particular interest is that the progress by the team was during a bear market. Such periods in the crypto-verse have been highlighted as the best time for developing on the blockchain as well as accelerating crypto adoption.

After LTC availability on Telegram and SMS, the team at Lite.IM went a step further this November and integrated their Litecoin remittance service to facebook messenger.

Lite.IM Adds Bitcoin (BTC) Support to Facebook Messenger, Telegram and SMS

It is with the above background that the same team has announced that they have added support for Bitcoin (BTC) on Lite.IM. Users can now send, receive and manage BTC through the popular platforms of Telegram, Facebook messenger and SMS (available only in the US and Canada).

Bitcoin becomes the fourth currency that Lite.IM supports after Litecoin (LTC), Ethereum (ETH) and Zulu Republic Token (ZTX).

Users can access the service on the three platforms as follows:

  • Telegram – by interacting with @LiteIM_bot
  • Facebook Messenger -by messaging
  • SMS (U.S. and Canada only) – by texting 760-LITEIM-0 (760–548–3460)

Why Lite.IM believes Social Messaging Will be Key in Crypto Adoption

To note, is that Lite.IM’s services are available in the social media platforms of facebook messenger and Telegram. The focus on the platforms is strategic in that Lite.IM believes that crypto adoption will be driven by such social media platforms due to the billions of users they have. The Lite.IM team went on to explain this as follows:

Just take a look at the monthly active user statistics from the top social messaging apps in the world (all of which are growing)…

  • WhatsApp: 1.5+ Billion
  • Messenger: 1.3+ Billion
  • WeChat: 1.08 Billion
  • Telegram: 200+ Million
  • LINE: 200+ Million
  • Zalo: 100+ Million
  • KakaoTalk: 50+ Million

Much of this growth is taking place among younger generations and in developing nations, both of which are key demographics for the future of cryptocurrency adoption.

What are your thoughts on Lite.IM adding Bitcoin support to facebook messenger, Telegram and their SMS crypto sending service? Please let us know in the comment section below. 

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

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GP Bullhound sees 2019 bitcoin recovery, credit market crash may help too

Predictions from respected corners of the mainstream financial world – GP Bullhound and Saxo Bank – could be good news for the crypto industry and its status as a valid and profitable asset class.

US advisory and investment firm, GP Bullhound (GPB), under the subhead “Cryptocurrency will Grow Up”, concurs with the balance of opinion among analysts covering crypto, that institutional money will lead the recovery.

GPB’s prediction report is bullish:

“We are yet to see the best of cryptocurrencies. Blockchain activity is picking up with even traditional financial institutions ensuring they do not get left behind. 2019 should be the year institutional capital flows into cryptocurrency, with previous obstructions and tight regulations lifted,”

Last year the tech-focused investment firm correctly foresaw the crypto implosion, which in hindsight some might say was not too difficult to predict. It did, however, put a number on its premonition, arguing that a 90% correction would take place, although it has been surprised by the speed of the collapse.

Nine out of 10 of its 2018 predictions have proven to be correct, so its 2019 crypto recovery prediction should not be dismissed as just more hot air from investment firms trying to protect their investments.

And for institutions, it’s not just the attraction of the financial gains of buying coins at the bottom (wherever and whenever that might be), but investment in distributed ledger tech more broadly:

“We predict 2019 will be the year of institutional capital inflow into blockchain, which will not be solely financially motivated, but backed by increasing demand we see on the corporate and family office side and their desire to build positions. Initially this will happen through funds, equity investing into blockchain technology projects as well as financial instruments and derivative products related to major cryptocurrencies.”

Intercontinental Exchange’s Bakkt platform is likely to be one of the critical on-ramps for “institutional capital inflow”, as too might be the small number of regulated instruments that currently exist.

These include the Bitcoin Investment Trust from Barry Silbert’s Grayscale Investments (although it trades at a premium to its net asset value which would be off-putting); the exchange traded notes (these are debt instruments, not ETFs) provided by CoinShares’ XBT Provider Bitcoin and Ethereum tracker products and newer offerings such as the Amun Crypto Market Basket Index ETP, which recently launched the first regulated crypto index fund in Europe on the Swiss main market.

Amun’s product currently has the second-highest turnover of all exchange traded products on the Swiss market.


Add to that the growing interest in security token offerings (STOs) that EWN reported on in November, and the entry routes are coming into view, and GPB agrees:

“There is a massive wave of fully compliant security token offerings (“STOs”) lined up and also the developments around tokenization of assets (“TOAs”) is extensive – both are expected to continue to raise the bar on market standards very fast…”

However, as GPB underlines, institutional entry still faces the issues around regulatory clarity, liquidity and custody.

Nevertheless, Olga Feldmeier, chief executive of Smart Valor, which is building a security token platform, commenting on GP Bullhound’s bullish stance, noted: “Cryptocurrencies will continue to innovate beyond the well-known bitcoin and Ethereum, and we will see many more coin and payment products emerging. All that will clear the way for mass adoption, which we will see in the second half of 2019.”

GP Bullhound’s ones to watch

GPB’s companies/partnerships to watch are:

Alibaba, AWS/Qtum, Binance, Bitfury, Blockstack, Bloomberg/Galaxy, Coinbase, Gemini, Soros Fund Management, Goldman Sachs, IBM/Stellar, Ledger, Revolut, NYSE Bakkt, Rockefeller/Venrock, t3, Yale, Stanford University, Harvard University, MIT, Fidelity

GPB’s Coins to watch:

Bitcoin, Ethereum, Monero and Stellar.

The year blockchain gets out of the labs

For those that were starting to lose faith in blockchain tech ever emerging from the fintech labs of the many financial institutions running pilots, GPB confirms that many are still on track to emerge into the wild, as corporate FOMO asserts itself.

“Underneath the surface, activity in Distributed Ledger Technology (“DLT”) is in full speed, even within financial institutions.”

One financial adoption story (it’s not all about Ripple, which doesn’t get a mention from GPB) that hasn’t had much coverage was the announcement from Calastone that it will be moving its global fund transaction business on to blockchain. That will have the effect of reducing costs for mutual fund investors, assuming the savings are passed on by fund giants such as Vanguard, BlackRock and Fidelity.

Calastone is no small fry – it has trading volumes valued at $80 billion per month, with 1,300 institutions part of its network in 34 markets around the world.

Julien Hammerson, Calastone’s chief executive, remarked in the company’s press release: “In making this first step using blockchain, we are providing our customers with the requisite tools they need, to be future-ready.”

Saxo Bank predicts credit breakdown – that’s a crypto opportunity

The other prediction with crypto implications – from Saxo Bank – has been passed over by both the crypto and mainstream financial media.

Earlier this month Saxo Bank released its annual “10 outrageous Predictions” and it has to be said that this year they don’t sound too outrageous given the times we live in.

Among 2019’s 10 predictions are a recession in Germany and the sacking of the chair of the US Federal Reserve Jerome Powell by president Trump – neither of which are probably too far off the mark.

However, it is its fifth prediction that should interest cryptowatchers.

Number five foretells a corporate credit crunch that sees Netflix and General Electric (GE) caught in a downward-spiraling debt crisis.

That would represent a dramatic reversal of leadership in the equity markets, as traditional value stocks (but not GE) with healthy cash flows and reliable and growing dividend payments replace growth companies such as the FAANG stocks of the tech sector.

GE, once the bellwether of the US economy and its most valuable company, is struggling. Saxo predicts the rollover of its $100 billion in liabilities freaking out the credit market “pushing the credit default price above 600 basis points”.

The panic ensnares Netflix, Saxo predicts.

“The carnage even spreads as far as Netflix where investors suddenly fret the firm’s fearsome leverage, with a net debt to EBIDTA after CAPEX ratio of 3.4 and over $10bn in debt on the balance sheet. Netflix’s funding costs double, slamming the brakes on content growth and gutting the share price.”

Why should any of that matter for crypto?

Credit is the oil that keeps the machine working. Credit is fundamental to how not just the financial but the entire economic system works, allowing firms such as Netflix and Tesla to build their businesses despite the absence of profits, with lenders banking on their return on capital down the line when products come to market and the cash starts to flow.

Bitcoin to $8,761,904

But if the credit market’s breakdown, that’s a huge problem for the credibility of the financial system.

It is brought into even starker perspective by the latest IMF data for global private and public debt, which it estimates at $184 trillion in 2017. That works out at $86,000 for every person on the planet.

Or if you prefer to use the equation of exchange approach to bitcoin valuation, assuming debt acts as a form of money creation, you could divide that debt pile by 21,000,000 to give you a price of $8,761,904 for bitcoin.

So, the next time someone (Nouriel Roubini perchance or economist Kenneth Rogoff who says buying crypto is a lottery) tells you that crypto is in a bubble (true, but perhaps near full deflation) and is intrinsically worthless (false, because it transacts value and stores it, no matter how inefficiently), remind them about the mountain of debt that keeps the current system afloat and artificially inflates asset values.

Fictitious capital on balance sheets

It is true that those massive debt liabilities are meant to be balanced by assets – in a balance sheet. But in the real world, those “assets” may not be worth the paper they are written on.

The divergence of debt from its asset mooring does not exactly encourage trust in the monetary forms that give it expression.

Chief economist at Saxo, Steen Jakobsen puts it this way:

“This year’s edition [of its outrageous predictions] has a unifying theme of ‘enough is enough’. A world running on empty will have to wake up and start creating reforms, not because it wants to but because it has to. The signs are everywhere.”

He continues:

“We think 2019 will mark a profound pivot away from this mentality as we are reaching the end of the road in piling on new debt and next year will see us all beginning to pay the piper for our errant ways.”

Sgt Barnes in the modern movie classic Platoon puts it more succinctly: “When the machine breaks down, we break down”.

Just as the Great Recession led to the invention of bitcoin, the breakdown of the credit cycle could be the backdrop to the next act in the long game of crypto adoption.

Even the fiat-loving skeptics may be forced to consider what was once the unthinkable.



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Coinbase CEO: A Billion People Will Be Using Crypto in Five Years

Confidence in crypto may be at a low point for the year but some believe we are only at the beginning and adoption will inevitably grow substantially over the next five years.

In an interview with TechCrunch Coinbase CEO Brian Armstrong outlined his vision for the company and the future of the crypto industry. In that future he sees the company operating in a similar way to the New York Stock Exchange hosting a growing number of altcoins and becoming the standard for companies to create their own tokens. He stated;

“It makes sense that any company out there who has a cap table… should have their own token. Every open source project, every charity, potentially every fund or these new types of decentralized organizations [and] apps, they’re all going to have their own tokens. We want to be the bridge all over the world where people come and they take fiat currency and they can get it into these different cryptocurrencies,”

Coinbase could be host to hundreds of tokens in the near future and potentially millions looking even further ahead. Today it only supports five but the addition of new ones would obviously give them a price pump that is desperately needed in the current market climate.

Regulation is currently the hurdle preventing US companies taking full advantage of this embryonic industry. Coinbase’s billion dollar value is evidently the exception to this notion as the firm goes from strength to strength. The question over whether cryptos will be considered as securities is still a concern, one which Coinbase has already addressed with the acquisition of a securities dealer earlier this year.

“We do feel a substantial subset of these tokens will be securities. Our approach has always been to be the most trusted [exchange] and the easiest to use. So we want to be the legal compliant place where you can start to trade these tokens that are classified as securities.” Armstrong added.

He also made the internet comparison by stating that Web 1.0 was all about publishing information, Web 2.0 interaction, and Web 3.0 will be about value transfer. “Web 3.0 is going to be about value transfer on the internet because now the web has this native currency and so applications can be built that instantly tap into this global economy on the internet,” he added.

When asked about crypto adoption the exchange boss remained bullish claiming that the total number of people in the crypto ecosystem can reach a billion within the next five years. It is currently estimated at around 40 million today.

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Tron (TRX) Is Now Accessible to Over 2.2 Million Businesses and Users through CoinPayments

The mood and feel in the crypto-verse this Friday the 24th of August is one of optimism as the SEC announced that it was reviewing all 9 Bitcoin backed ETF denials. The nine ETFs by ProShares, Direxion, and GraniteShares were rejected yesterday due to concerns about volatility and lack of a ‘significant size’ markets to back the ETFs. By reviewing the denials, the SEC is hinting at the possibility of approving at least one ETF some time in the future.

TRX Accessible to over 2.2 Million Businesses and Users

To add to the above optimism, our favorite digital asset of Tron (TRX) is now available to over 2.2 Million Businesses and users as a payment method through the CoinPayments platform. Justin Sun made the announcement a few hours ago via twitter as can be seen below.

On the CoinPayments blog, a brief history of TRX and its use as a payment option has been given further showing their enthusiasm about the project and coin:

TRON (TRX) is currently one of the world’s top cryptocurrencies based on market cap. TRX can be used to purchase products and services both online and offline, fund projects, and much more!

Consumers can use TRX to pay for content, and these tokens will go to the content producers’ accounts, where they can be exchanged with other cryptocurrencies, fiat currencies (Dollar, Euro, etc.) or used to pay for other goods and services.

The CoinPayments platform has gone ahead and also explained why they chose TRX.

TRX is currently accepted in many marketplaces online and offline. Enabling TRX acceptance at an early stage will help merchants reach a vibrant community eager to use TRON tokens.

Following TRON Mainnet and their recent acquisition of BitTorrent, why not get a head start in accumulating coins by accepting TRON (TRX) payments in your store today!

About CoinPayments

CoinPayments is the first and largest payment processor of over 895 cryptocurrencies. The payment processor serves over 2,228,000 vendors across 182 different countries. The platform can also facilitate fiat settlements, coin conversions and a vault to store your coins. There is also a multi-coin wallet and Point of Sale (POS) interface for store transactions.

Current Market Analysis of TRX Ahead of Virtual Machine Integration

TRX is currently trading at $0.021 and up 5.1% in the last 24 hours. The project also has an important event that is less than a week away and on the 30th of August. This event is the final integration of the official Tron Virtual Machine into the Mainnet making Dapp creation a possibility for developers on the network.


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You Can Now Tip Using Tron (TRX) on Twitter, Further Boosting Crypto Adoption

Social media tipping used to be the arena for the cryptocurrencies of XRP, Reddcoin (RDD) and Nano (NANO). But Tron (TRX) has made an entry into the social media tipping space and aims at changing it in a big way as shall be elaborated briefly.

In the case of XRP, you can tip a user in the social platforms of Reddit, Twitter and Discord. Reddcoin (RDD) on the other hand has a far wider reach with users being able to tip on Twitter, Reddit, Telegram and most recently, Youtube. For the cryptocurrency of Nano (NANO), you can tip on Discord, Reddit and Twitter.

So How Do You Tip on Twitter using TRX?

Tipping on Twitter using TRX has been made possible using @GoSeedit. A good video has been uploaded on Youtube by Crypto Guy in ZA explaining everything. The video can be found below.

[embedded content]

Setting up for Tipping using @GoSeedit

Let us recap on how we can do it using @GoSeedit

  1. Visit
  2. Click on ‘Login’ to log in with your twitter account
  3. Make sure you ‘Authorize’ GoSeedit to use your account
  4. Once your have your wallet ready, you can send a tip by replying to a twitter message in the following format: +(amount) @goseedit for example, +20 @goseedit
  5. Another option is to tip directly using the twitter handle of the user you want to tip. The format is as follows: @(username) +(amount) @goseedit  for example, @John +20 @goseedit

More instructions can be found in the screenshot below courtesy of @WOLFOFMYST

More information on GoSeedit

The fact that you can tip on Twitter using XRP, RDD, NANO and now TRX, is proof positive evidence that cryptocurrencies are further gaining adoption in day to day activities in social media networks. Rather than just liking and retweeting a valuable tweet, you can now appreciate the user more with a tip. As a result, we will see more and more users thriving to create worthy content on the social media platforms in a manner that will invoke some sort of revenue.

Disclaimer: This article is not meant to give financial advice. Any opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.


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Here are 3 More Cases of Tron (TRX) Adoption and How the Tron Community Is Helping

Less than 2 weeks ago, Ethereum World News had highlighted 4 cases of how Tron (TRX) was leading the way in crypto adoption. They included the following businesses and individuals that accepted TRX as a form of payment:

  • Live Capital Funding, Philadelphia, PA, USA
  • Windsor Medical Center, New Jersey, NJ, USA
  • Ramp and Wrench Vehicle Servicing and Repairs, Coventry, UK
  • Twitter user @KevinGlor who is a Personal Trainer

Since then, there has been encouraging continual acceptance of TRX as a form of payment in the various businesses across the globe as shall be illustrated below. and its over 20,000 stores in Spain and Italy

You can now buy TRX on or in over 20,000 stores in Spain and Italy. The key word here is twenty thousand stores. There lies tremendous possibilities for TRX with access to such a large distribution network. Justin Sun tweeted this development only a few minutes ago when he stated the following:

Underdogs restaurant, USA

The exact location of the Underdogs restaurant that now accepts TRX has not been disclosed on its twitter page, but you can now pay for your grub with TRX. Full tweet can be seen below:

Sam The Carpet Man. NJ, NY, PA, CT, FL and more States in the US

Sam the Carport Man has 1 location and a distribution center in almost every single State in the United States. The provide residential and commercial carpeting solutions throughout the entire US. You can now pay for their services using TRX.

So how is the Tron Community Helping to boost TRX adoption?

Firstly, and looking at the numerous cases highlighted above, the Tron community has taken upon itself to popularize the adoption of their favorite digital asset. They are the crusaders of TRX around the globe. They love the digital asset.

Secondly, the Tron community is highly knowledgeable in the technical as well us current events affecting the Tron project and its TRX coin. One way to find out how active and knowledgeable they are, is by visiting twitter and searching for tweets with the ‘TRX’ hashtag. You will be amazed at what you find out.

Thirdly, Tron community members have volunteered their time to the Tron project through the Core Tronics program. Some of their responsibilities include translating Tron weekly reports to the numerous global languages. They have dedicated their time and patience for the greater good of the Tron project.

Summing it all up, the Tron project has a loyal and dedicated following around the globe through its Tron community. The community is taking charge and spearheading TRX adoption as well as educating the rest of the cryptp-verse on what the Tron project is capable of. With such popularity, TRX is surely destined for greatness in the markets.

Disclaimer: This article is not meant to give financial advice. Any opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.


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Vitalik Buterin: ETFs Should Matter Less Than Global Adoption

Vitalik Buterin, co-founder of Ethereum and one of the most influential personalities within the crypto-verse, commented that the ecosystem’s enthusiasm for cryptocurrency ETFs is not really what people should be focusing on right now.

Currently, the crypto markets are experiencing a bullish run that many fundamental analysts attribute to investors’ expectations for possible approval of crypto ETFs, specially in Bitcoin.

For the mastermind behind Ethereum, the focus should be on adoption rather than speculation:

He criticized the fact that the community is concentrating on aspects that are not important in the long run. From a fundamental point of view, his opinion is well-based. Further adoption would imply the need to acquire more tokens, thus increasing their price. So even from an economic point of view, adoption is attractive to speculators.

In fact, it was precisely the increasing adoption of cryptocurrencies what has raised the prices of Bitcoin and Ethereum to astronomical levels in less than a decade.

Vitalik Buterin’s words are an intense reflection of the crypto-currency reality nowadays, where one group sees cryptos as a substitute for fiat money and an essential mechanism for future economic transactions, while the other focuses merely on speculation.

Most exchanges have grown thanks to the increase in the number of crypto users, generally of those who are inclined towards speculation. This fact has always been attacked by Vitalik Buterin who has, directly and indirectly, made calls of conscience to the community on several occasions.

Are ETFs THAT Important?

Last week, after the revelation of the SEC’s decision to reject the proposal for a Bitcoin ETF presented by the Winklevoss twins, a drop in Bitcoin prices was triggered, slowing a momentum that was replicated by the rest of the cryptocurrencies.

Also, it is important to note that after the letter from SEC Comm. Hester Pierce rejecting the decision, prices stabilized, and confidence in the markets returned.

There is currently some expectation regarding this issue. Renowned investors have predicted that sooner or later the regulatory bodies will approve ETFs and other financial instruments based on crypto money.

Vitalik Buterin Believes More In Scalability And Less In Speculation

Vitalik Buterin has emphasized that he is working hard on making mass-adoption easier by addressing problems such as scalability or interoperability. Recently, on an interview with Tyler Cowen he said:

“Ethereum blockchain’s capacity right now is about 15 transactions a second. If you even consider something like putting all of the Uber rides on the blockchain, that’s 12 transactions per second already. I do feel just raw ability to process more transactions per second is important, and that could happen through sharding and other base layer scalability upgrades to the system which we are working on”.

Vitalik Buterin

Apparently Bitcoin and Ethereum have already bottomed out; however,  their high volatility has made it essential to be always on the lookout for the latest news. Not only is technical analysis relevant for investments, but in the crypto-verse, fundamental analysis is a tool that is becoming more and more necessary every day.