The goal of Celo is to build a new international financial system that will serve everybody, including the unbanked. The hope is to create mobile apps that will allow anybody anywhere to spend or transfer Celo through a mobile app.
If Decrypt’s claims are true, the US Treasury is attempting to undermine Maduro’s government. To explain, hyperinflation makes Venezulea’s currency the bolivar worthless, leaving many Venezuelans; including healthcare workers, with no money to buy food.
Thus, the cryptocurrency markets frighten me because the people playing in them do not understand what cryptocurrency is.
I think PayPal could make money with cryptocurrency because it already makes money from its digital wallets and Venmo.
In addition, BTG Pactual (BVMF) uses GUSD to support its ReitBZ cryptocurrency. Brazil-based BTG Pactual (BVMF) claims to be Latin America’s investment bank.
The DigitalBits team estimates the global market for gift cards, rewards points, and loyalty points’ at over $200 billion.
Beyond Rogan, I think fear is driving Cash App’s Bitcoin revenues. To explain, I think ordinary people fear coronavirus could destroy the US dollar and the American economy. Hence they are looking for alternative assets and Bitcoin (BTC) is a dollar alternative.
The plan at Red Box is to create ecosystems around RBD. The RBD will provide the funds and smart contracts that operate the ecosystems.
A federal agency says you can now keep cryptocurrency in American banks. However, US banks cannot create or issue cryptocurrency. Nor can you keep cryptocurrency in a federally insured bank…
I think the ultimate goal at Compound is to create a blockchain product that functions like a bank account. For example, Compound could help stablecoins pay interest.
The SEC, however, alleged TON was a scheme to evade federal securities laws in an October 11, 2019 complaint. In the complaint, the SEC asked the U.S. District Court for the Southern District of New York for an injunction blocking the Grams sale.
Dramatically, coronavirus could drive adoption of WhatsApp payments in Brazil. To explain, people could be afraid to use cash because COVID-19 could infect paper money.