Cryptocurrency News: Coinbase and Visa are making Bitcoin, Ethereum, Ripple’s XRP and LiteCoin Payment a reality.
As seen on CoinMarketCap, bitcoin (BTC) has decreased by 5.08 percent. Ether (ETH) still maintains its “second in command” status, with a decrease of 6.55 percent. Ripple’s XRP maintains the number three position, and it’s currently losing by 6.82 percent.
Now onto our Top 20! It’s unfortunately looking very bearish at this stage with double digit decreases from TRON, Bitcoin SV, Ethereum Classic, Ontology, and Maker declining by 11.60, 11.14, 10.86, 11.66 and 10.62 percent respectively. We’ve been through a pretty bearish year in 2018. Here’s hoping that 2019 is really the start of something new.
Now onto the news! Joseph Lubin, the co-founder of Ethereum and Consensys mentioned that Ethereum will become the global Settlement Layer. He described Ethereum becoming a global settlement layer, urging for a world where the base settlement layer is truly decentralized. Lubin also added that we must not choose anything other an a maximally decentralized base as the foundational settlement layer for the global economy.
He mentioned that there is little chance of IBM Fabric evolving beyond relatively small networks for private permissioned systems. Whereas R3’s Corda is a blockchain inspired software moreso for banking industry applications.
Now, onto the second news of the day, Coinbase and Visa are making Bitcoin, Ethereum, Ripple’s XRP and LiteCoin Payment a reality. Recently, Coinbase has partnered with Visa to launch the Coinbase Card, allowing users to “spend crypto as effortlessly as the money in their bank”.
The Visa Debit Card can be used to spend Coinbase Bitcoin, Ethereum, Ripple’s XRP, and Litecoin balances in many locations around the world, by converting the cryptocurrency to fiat when the card is used. The app also provides instant receipts, transaction summaries, and spending categories.
So what are your thoughts on this situation guys?
Do you think Ethereum will be the decentralized base settlement layer in the future? Or will another blockchain network take that role?
And are you excited about Coinbase and Visa’s partnership? And don’t you think that’s such a positive step towards mass adoption?
Let me know what you guys think below.
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It’s Cindy with CryptoPig, Catch you guys around!