GLOBAL DEPRESSION 2020-2025!! Bitcoin Halving, Ethereum – BTC $10,000 – Programmer explains
Опубликовано: 4 мая 2020 г.
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Good Morning Crypto
Ivan on Tech by Ivan Liljeqvist
Beyond Bitcoin and Ethereum: International Companies Are Reportedly Turning to Digital Currencies for Cross-Border Transactions
Business payment and accounting solutions firm Gilded says companies are now turning to stablecoins as a crypto payment alternative to Bitcoin (BTC) and Ethereum (ETH).
Digital currencies offer a cheaper and faster option to traditional cross-border payment methods but the advantages do not generally apply to businesses that transact large amounts of money. Many companies find the technology too complicated, and the volatility of the crypto market also discourages the use of BTC and ETH.
In an interview with Pyments.com, Gilded chief operating officer Neal Roche says the use of digital currency in B2B payments is changing as stablecoins are easing the transition to the new technology for cross-border transactions. Stablecoins are designed to hold their value against fiat or other stable assets so that they do not fluctuate as erratically as other cryptocurrencies.
“Stablecoins have seen a huge influx in the last few months. This is lowering the barrier for traditional businesses to take advantage of digital currency, versus the wild west of cryptocurrency that companies don’t want to touch.”
Gilded’s digital currency payment solution also addresses other concerns that prevent companies from using cryptocurrency for international transactions.
Last month, Gilded announced that crypto data provider CoinMarketCap has deployed its solution for automating invoicing and instant global payments using digital currency.
Gilded’s solution eliminates cumbersome setups and expert training. It also integrates credit card and bank wire transfers, so customers who are not yet ready to use digital currencies can opt for their preferred payment method.
Gilded CEO Gil Hildebrand says,
“Digital currency empowers businesses to transact globally, while accelerating cash flow and minimizing fees. Our solution puts digital currency payments and accounting on autopilot, so businesses can focus on innovation and growth.”
Roche is optimistic that the use of digital currency could become a norm as more businesses explore the benefits of cryptocurrency for cross-border transactions.
Ethereum (ETH) Surpasses 10 Mln Blocks, Marking Major Milestone
The Ethereum (ETH) blockchain has surpassed 10 mln blocks as the ETH price continues to hover above $200
Ethereum’s block count has just reached 10 mln, which represents a significant milestone for the second-largest cryptocurrency.
According to Luit Hollander, it took more than 15 zettahashes of computing power to mine this gargantuan number of blocks over the course of five years. The genesis block of the biggest altcoin was mined on July 20, 2015.
Ethereum, along with its eccentric co-founder Vitalik Buterin, came to prominence during the ICO bubble. It came close to flipping Bitcoin in June 2017.
This achievement comes on the verge of Ethereum 2.0. The proof-of-stake iteration of the cryptocurrency, which is also called Serenity, is expected to get off the ground in July with the launch of the Beacon Chain.
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Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected]
Author: Mon, 05/04/2020 – 14:47