Tag: Cryptocurrency

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Crypto

Bitcoin (BTC) Will Be The Native Currency Of The Internet, According To Jack Dorsey, Twitter CEO

Jack Dorsey, the co-founder and the CEO of the famous social networking site Twitter, as well as the Square payment platform, was a guest speaker at Consensus 2018, the event where he commented exclusively on his predictions about the use of cryptocurrencies in the financial market in the long term, stating that, in his opinion, Bitcoin (BTC) will be the native cryptocurrency of the Internet.

According to reports coming from Bloomberg and David Floyd, one of the reporters present at the Consensus 2018 gala, in New York City, USA, Jack Dorsey said that the Internet needs a native currency that facilitates transactions and payments within the web without limitations from third parties.

Although the co-founder of Twitter is not entirely sure if the cryptocurrency assets will end up taking the place of the Internet’s native currency, he does hope that Bitcoin (BTC) will be able to capitalize on the cyber market and become a currency among web users.

Jack Dorsey, the CEO of Twitter, is not at his first statements in the favor of Bitcoin (BTC)

“The Internet deserves a native currency. It’ll have a native currency. I don’t know if it’s Bitcoin (BTC) or not. I hope it is,” were the words the businessman gave to the group of enthusiasts who attended the event.

Similarly, Jack Dorsey commented that he has always been an enthusiast of the philosophy of cryptocurrencies, an assertion that is based on the constant support the co-founder of Twitter given to crypto coins, over the time.

However, at first, when Bitcoin (BTC) White Paper was launched, it did not understand the long-term impact and implications of this new blockchain technology, as he himself admitted.

In the past, however, Jack Dorsey has already expressed his deep confidence in the potential for financial transformation of blockchain technology and cryptocurrencies, tools that have emerged for him as the great technological innovations of this decade with the capacity, in the case of Bitcoin (BTC), to become the native currency of the Internet.

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Crypto News

John McAfee Got Involved In Cryptocurrency And Blockchain Technology And Thinks Cryptos Will Change Everything

2/3/15 11:57:39 AM -- Opelika, AL, U.S.A -- John McAfee, founder of McAfee Anti-Virus, talks about his latest venture, FutureTense, in Opelika, Ala. Photo by Michael A. Schwarz, USA TODAY contract photographer ORG XMIT: MS 132524 McAfee 02/03/2015 [Via MerlinFTP Drop]

Politics, ethnicity, and religiosity could be some of the acceptable themes to talk over with John McAfee. However, if you are suspicious of Fintech in general and blockchain in particular, it would be wise to stay quiet.

McAfee, the computer developer and entrepreneur behind the multi-million dollar computer software company that carries his name, strongly trusts that cryptocurrency and blockchain, the technology that keeps all cryptocurrencies function, will utterly wipe out life as we understand it.

The blockchain is a gateway that can safely authenticate transactions and entities via a network of many decentralized repositories. It’s a brand-new approach to dealing with each other as the gateway can confidently track who you’re trading with and trace the source and the path of anything you’re trading.

Over the past 10 years, a number of bizarre occurrences have involved McAfee (the man) in a wide range of contentious issues, from outrageous allegations of murder in Belize to a short-lived run for the United States presidency.

John McAfee, knee-deep into cryptocurrency and blockchain technology world, think cryptos will change everything from jobs to governments

Now, he has embarked with all his energy on a journey within the universe of blockchain and cryptocurrencies and sells promotional tweets on his official Twitter account for just $105,000 dollars per tweet. McAfee has mentored or partnered with about 17 cryptocurrency businesses but its newest project is Docademic.

Docademic is John McAfee’s business that is dedicated to giving virtual access to clinicians worldwide by using artificial intelligence and blockchain technology for free.

Furthermore, McAfee thinks that, somewhen in the future, blockchain and cryptocurrency will force all the countries’ governments in the world to struggle for raising tax money for their budget. He meant that cryptos will take over fiat and governments “will not know where the money is, who has it and where it’s been transferred to.”

John McAfee also considers that blockchain technology and cryptocurrency will change how the jobs will be done in the future as many people will have no bosses, no banks to work with, no retirement. Cryptos will replace everything we know today, according to McAfee.

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Crypto

Facebook’s Cryptocurrency Is Apparently Under Development As We Speak, According To Some Rumors

Facebook’s cryptocurrency could become a reality, to encourage and facilitate payments within the platform. Bitcoin’s fever may have subsided a bit but developments in blockchain technology continue. And at this rate, it looks like everyone will have their own cryptocurrencies.

Among the last ones to get on the train would be Facebook and there are already many clues pointing to it, according to some sources. The social network wants to get into this sector in a big way, offering electronic payments on its platform without having to depend on third parties.

That Facebook is investing in blockchain is no secret as, in fact, some members of the development team started researching how to implement this technology on the social network almost a year ago.

Facebook’s cryptocurrency is closer and closer to becoming a reality

Just this week, Facebook confirmed the importance of blockchain technology for its future, with the creation of a new development team led by the vice president of Facebook Messenger. This team, officially, has the role of exploring ways to develop and implement blockchain within the social network.

However, according to internal sources in the company, the team is serious and already has certain ideas on how to achieve this, and, supposedly, it will start with the creation of the Facebook’s cryptocurrency.

A Facebook cryptocurrency would be a virtual currency, which would allow us to pay without a credit card and it could be used in the Marketplace, the Facebook “flea market”, or for payments between users. The big question is what the value of this currency would be, and how users would get it.

By having its own cryptocurrency, Facebook would gain greater control over the transactions that take place on its network and would no longer depend on third parties for payments. But, the Facebook’s cryptocurrency is still far from being released any time soon.

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Crypto News

Bank Of Korea Thinks On Launching Its Official Cryptocurrency

The Bank of Korea, the central bank in South Korea, could issue a bank-specific cryptocurrency (CBDC) as part of a series of guidelines for the cryptocurrencies market which will be announced next June. The information was disseminated in the local media on May 2nd following an announcement made by the Bank.

In this regard, the publication expresses the concern of some economists with the news, as the sudden and extensive launch of an official Bank of Korea cryptocurrency would revolutionize the way in which central banks provide money to the financial system. A measure that analysts believe could destabilize traditional lenders and spur rapid bank runs, especially in periods of financial instability.

South Korea Vs. Cryptocurrencies – The very definition of “contradiction”

This interest of the Bank of Korea in issuing its own cryptocurrency is curious, as it starts just in the context of a fall in the cryptocurrencies market trade sector in this Asian country, despite the spectacular boom in 2017.

Precisely, this drop in the growth of cryptocurrency trading in South Korea is due to a series of regulations imposed by the South Korean government. These regulations included greater supervision and control over cryptocurrency exchanges in the country, total prohibition of initial currency offers (ICO), taxation of holding and trading cryptocurrency, and restrictions on the import of mining equipment.

However, according to most government spokespersons’ statements, both the previous regulatory measures and the possibility of issuing a Bank of Korea official cryptocurrency are part of the same plan to be presented in June 2018.

However, there are some contradictions. The publication mentions the words of South Korea’s Minister of Policy Coordination, Hong Nam-ki, who says they are still deciding how to regulate the cryptocurrency trading, confessing that they have not reached consensus.

The debate focuses on two opposing ideas, according to Hong Nam-ki’s statement.Namely, to ban cryptocurrency transactions within cryptocurrency exchanges, which in some ways is already implemented through existing controls, or to regulate exchanges as common use assets, which would be feasible if they were to issue a Central Bank of Korea official cryptocurrency.

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Crypto Finance News

Payment Processor ReddPay.Me Allows you to Transfer Cryptocurrency Instantly

The ReddCoin team is known for RDD, a coin that managed to grow at the end of 2017. However, the prices for ReddCoin are slowly going down, which should not surprise us since the entire crypto market is going through some hard times.

However, users have a new reason to focus on ReddCoin because the team behind it just launched ReddPay.Me. This system might boost ReddCoin, as it makes it incredibly easy for users to transfer cryptocurrency.

A fast and safe payment processor

ReddPay.Me does not require any registration and you will be able to transfer crypto very quickly. Start by accessing the ReddPay.Me website and then click the Send Money option. There you will be able to decide the amount of currency that you want to transfer. Select the sum that you want to send.

After that, choose the person you want to transfer the crypto to, but going to the “To Whom” part. Fill in all the required information, including the name and the email address. Make sure that these details are correct, and then finish the transaction.

The recipient will receive an email that will contain a notification and a public. That person can the import the key to the Reddcoin Core Wallet, and the money will come right after.

Other tools

While ReddPay.Me is one of the simplest ways of transferring ReddCoin. You should know that there are other ways to do that as well. One of the advantages of Reddcoin is the fact that it allows you to use many social networks.

For example, you can transfer ReddCoin with Telegram. There is the @ReddCoin_bot that allows you to transfer funds easily. You can also do that on Reddit, and it is easy to transfer money between two Reddit accounts.

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