Is Africa The Perfect Playground For Bitcoin? Twitter CEO Jack Dorsey Believes It Is

Jack Dorsey, the CEO of two well-known companies – Square and Twitter – reportedly sees a future for Bitcoin, and it is in a country with a developing economy and that boasts 1.2 billion people: Africa.

Dorsey shared on Twitter that he has been in Africa and is sad to leave the continent – for now. More significantly though, he also tweeted that the country will “define the future (especially the bitcoin one!).”

In addition, he tweeted that he will be living there for 3 to 6 months in the middle of 2020 and that he is grateful that he was able to experience a small part.

CNN reported that Dorsey’s trip began on November 8 when he visited Ethiopia. The tour included stops in South Africa, Nigeria, and Ghana.

The report also indicated that Dorsey met artists and entrepreneurs, and Ngozi Okonjo-Iweala, a Twitter board member, economist, and former managing director of the World Bank. During Dorsey’s visit to Ghana, he reportedly met with bitcoin entrepreneurs.

These developments are perhaps part of the process of turning bitcoin into a more functional currency by increasing its accessibility. According to a report by CNBC in September, Dorsey shared with the Australian Finance Review that bitcoin is “not functional as a currency.”

And what needs to be done is to make the currency more usable and accessible. Nonetheless, the report also indicated that Dorsey supports bitcoin and the broader idea of an internet-based currency.

For instance, according to the report, Dorsey shared with the Australian Financial Review that his company Square is hiring five engineers who will solely work on making the crypto ecosystem better, and that he believes that the internet will have a “native currency” and anything that the company can do to make that happen, it’ll do.

Dorsey also tweeted in February 2019 that he only has Bitcoin, and in response to another tweet in that thread, he called Bitcoin “resilient,” “principled,” and “native to internet ideals.”

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Author: Rebecca Asseh

China: “Innovation in Blockchain Doesn’t Mean We Should Speculate in Virtual Currencies”

  • “Blockchain “the future is here.” — China’s state-owned media
  • Use of blockchain technology for illegal information and activities “should also be severely punished”
  • Some of the largest Internet companies have already established the layout

China’s state-owned media, People’s Daily endorsed the “orderly” blockchain innovation but at the same time cautioned to “keep it rational.”

As per the translated version shared by Dovey Wan, the founding partner of Primitive Partners, the article starts with a bullish tone as it writes, “blockchain “the future is here.”

Blockchain technology is accompanied by cryptocurrency, it goes on to say, only to make it clear, that innovation in blockchain technology “is not equal to” the speculation in the digital assets.

“It should be prevented from using blockchain to hype up aircoins and other activities,” adds the newspaper.

China Already Has a ‘Good Foundation’

Though the “future is here,” blockchain technology is still in the early stage of development.

The technology needs to be further developed and improved in terms of safety, standards, and supervision. The use of blockchain to store and spread illegal information and for illegal transactions, money laundering and other activities “should also be severely punished.”

To better promote the innovative development of technology, it advises the adoption of inclusive and prudent regulation that includes prohibiting transgression.

Though they believed “there is no wrong direction for the development of blockchain” that is only by avoiding the rush and repeated construction.

China, the People’s Daily says already has a “good foundation” in the field of blockchain technology.

More than 20 provinces have introduced policies to promote the nascent technology and some of the largest Internet companies have established the layout as well.

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Author: AnTy

Blockchain Tech May Be Used By The FDA for Drug Recalls and Medical Product Reviews

The U. S. Food and Drug Administration (FDA) has recently announced that it may use blockchain technology in the future. According to the organization, this technology could be used to improve medical product reviews and recalls.

Amy Abernethy, deputy commissioner of the institution, has affirmed that the main goal of the organization with the technology to modernize the way that healthcare is able to communicate with other important agencies.

According to her, the organization will use blockchain, artificial intelligence (AI) and APIs to create a fully interoperable system that will handle the way that information is shared and medicine is reviewed.

Abernethy affirmed that this will make the agency much more agile and efficient and that new traceability solutions will certainly allow it to crosscheck information better and to guarantee that the quality of data will be solid.

With blockchain technology, a system in which information is sent quickly and can receive feedback in real-time may be possible. The whole process of approving a medicine will become quite faster this way and less paperwork will be needed as blockchain is an immutable ledger that can easily store all the information.

Another way in which technology can be used is to improve the quality of medical surveillance and to determine when to recall medicine. The system will let recalls happen faster and with fewer problems, it was affirmed. Also, medicine will possibly become more targeted and individual with the aid of these solutions.

The new system is expected to be launched in around a month or two, according to the deputy commissioner.

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Author: Gabriel Machado

Nvidia Shows Good Results By Focusing on Gaming Chips, Not Crypto Miners

Nvidia is set to be focused on gaming in the future. Despite two profitable years in which the company made a lot of money selling its GPUs to crypto miners, the truth is that the company doesn’t seem eager to be reliant on this earning source anymore.

In the Second Quarter Fiscal 2020 report (which is focused on Q2 2019), Nvidia earned less revenue than in the previous year, but was still above the expectations of some analysts. Also, the stocks of the company went up by 6% during this time.

The earnings of the quarter were $1.24 USD per share. Analysts were expecting $1.15 USD, so they were pleasantly surprised. The estimations of revenue were wrong, as Nvidia had a revenue of $2.58 billion USD against $2.4 billion projected by the analysts.

This year’s earnings, were, far less than the $3.12 billion that the company was able to get last year. This was mostly due to how many people stopped to buy GPUs to mine tokens.

With so much money coming from gamers and not a lot from miners, the main objective of the company is pretty obvious: forget the miners, focus on the gamers instead.

The CEO of the company, Jensen Huang, affirmed that real-time ray tracing, a technology used in games, was one of the main innovations of the decade. With great expectations on the gaming side and a stiff competition on the crypto one, there is not really a choice.

Nvidia is, however, starting to invest in AI technology, too, so we’ll probably see some interesting news related to this, too.

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Author: Bitcoin Exchange Guide News Team

UltrAlpha (UAT Token): Safe Digital Asset Management Service?

UltrAlpha (UAT Token)

What Is UltrAlpha?

UltrAlpha is an innovative comprehensive service platform that supports the future growth of digital asset management. Unlike traditional security market, which is controlled by trading hours and circuit breakers, digital asset trading runs continuously throughout all geographic regions. With global policy development and adoption of crypto-assets in the offing, an increasing number of professional investment institutions are looking to enter the digital asset management market.

The global operating model of the UltrAlpha service platform is ideal for serving a broad range of institutions from digital asset trading and management industry.

Problems UltrAlpha Seeks to Solve

As many players join the digital asset management market, the main point in the industry is that investors have limited access to good investments or wealth management products. It is also difficult for trading teams or digital asset management firms to reach out to the right investors for their fundraising purpose.

Traditional Finance and Digital Assets Working Together

In traditional system of finance, a broker dealer plays an important part of capital market structure, which connects investors with investment products and supporting client trading and capital raising needs. However, the broker dealer system is not fully developed for the crypto-asset industry, which leads to lack of effective communication system between investors and investment targets.

Against that backdrop, it is critical to establish a collaborative channel for both investors and asset management firms. UltrAlpha embraces deep management expertise in traditional finance. The platform is committed to building out a professional institutional multi-service platform to support various client needs in digital asset industry.

Digital Asset Management Service Platform

UltrAlpha is a professional digital asset management service platform with a global footprint. Its token symbol is UAT. The platform is built on more than a decade of trading platform operations, investment, and risk management expertise across traditional finance to emerging digital assets. The platform aims to maintain principles of integrity, transparency, and excellence in its service provision.

How UltrAlpha Works

UltrAlpha operates on deep strategic collaboration with all the mainstream digital asset exchanges and brokers. Consequently, the platform strives to provide investors with a professional investment service platform, which they can use to select quality asset management products and to effectively support the fundraising needs of trading teams and crypto funds.

Besides, UltrAlpha seeks to offer a wide range of fund administration services for trading teams and funds that operate in the following areas:

  • Account management
  • Performance auditing
  • PL Reporting
  • Asset Transfer and many more

The mission of the platform is to support the structural optimization of digital asset trading and investment ecosystem.

Key Differentiation

  • Safeguard Client Assets: Scalable service platform and safety-first with separated hot and cold wallet setup.
  • Select Quality Financial Products: Due diligence on asset manager/trading teams
  • Low minimum investment requirement per product
  • High Efficient Processing
  • Comprehensive Services

The UltrAlpha Token

Overall, the platform’s goal is to connect potential investors and asset managers with value added services. The UltrAlpha (UAT) Token is the native digital cryptographically secure utility token of the platform. It is designed to play a major role in the functioning of the ecosystem on the UAT platform and is the solely recognized primary utility token on the platform. The UAT is issued and sold in connection with the token sale, created as ERC20 compliant tokens on the Ethereum blockchain.

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Author: Bitcoin Exchange Guide News Team

Ripple’s Open To Being Compliant To Regulators; XRP Is Technically Bullish But Why Are Prices Tepid?

Ripples-Open-To-Being-Compliant-To-Regulators-XRP-Is-Technically-Bullish-But-Why-Are-Prices-Tepid

Today’s Ripple (XRP) News

A lot has been said about cryptocurrencies, their future and what’s not. Well, the fact is, blockchain as a technology is here to stay. Unfortunately for no-coiners and bashers, the sector will only flourish with time as an ingredient.

On the other plane, cryptocurrencies, including Ripple (XRP), would most likely be better regulated and exchanges’ propensity to manipulate prices tamed. It may take years, but overly, there is a high probability that it will happen. It’s only a matter of when.

To that end, a few hours before the Senate Banking Committee hearing, discussing the way to better regulate cryptocurrencies and other blockchain applications, Brad Garlinghouse and the Chairman of the blockchain payment firm, wrote a letter appealing to Congress not to paint the industry in what they termed as a “broad brush.”

After public criticism from Donald Trump and later the Secretary of Treasury, Steven Mnuchin, the community even speculated that the world’s largest economy may be on their path of banning cryptocurrencies and crushing innovation.

Well, even if they would, they can’t because of the decentralized nature of these use cases. That’s what Crapo, the chairman of the Senate Banking Committee said. It’s a reality that they had to face, and besides, blanket ban of cryptocurrencies is but an illegality. Expression, speech or technology wise, is under the protection of the First Amendment, analysts and lawyers assert.

Encouragingly, Ripple (XRP) as startup, is not really against any law/guidance. In their open letter, they admitted that the government is “well suited for their job,” and through their efforts there is trust, leading to the acceptability of any currency. Ripple, Brad Garlinghouse the CEO insists, is compliant and ready to work with regulators.

XRP/USD Price Analysis

Ripple XRP

Presently, XRP is steady, trending horizontally with caps at 34 cents. Technically bullish in the sense that the coin is largely consolidating inside the leading bull bar of Sep 2018, buyers have a chance from an effort versus result point of view.

Therefore, while bears may be pressing lower, preventing bulls from rising from these pits, every low should, nonetheless, be a buying opportunity for enterprising, risk-off traders. To that end, a fitting stop will be just below 30 cents with immediate target at 34 cents.

However, if buyers step up and the breaching bar, closing above 34 cents has high trading volumes exceeding 40 million of July 15, then XRP prices would easily float to 40 cents, and higher in days ahead.

Further, there would be more upsides for XRP if the same momentum drive prices above 40 cents with high volumes surpassing 50 million of July 10. In that eventuality, XRP may easily rally to 50 cents in a revitalizing move that would catalyze demand as buyers aim for the ultimate 80 cents, the high of Sep 2018.


Disclaimer: Views and opinions expressed are those of the author and is not investment advice. Trading of any form involves risk. Do your due diligence.

All of Today’s Ripple (XRP) Price Analysis, Chart Forecasts and Industry News

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Author: Dalmas N

Russia’s S7 Airlines Ticketing Platform Processes Over $1 Million In Sales via Blockchain During July

Russia's S7 Airlines Ticketing Platform Processes Over $1 Million In Sales via Blockchain During July

The blockchain is here to bring us the future. S7 Airlines, a major aviation company that is a part of the Oneworld alliance, has recently revealed to the media that it was able to process $1 million USD in its new blockchain payment system during the month of July. This made July the best month of the platform so far.

S7 is the largest domestic airline company of Russia and it has been benefiting a lot from the new platform. S7 Airlines’ blockchain technology is powered by the Hyperledger Fabric platform, an open-source tech that is the basis of several blockchains at the moment.

Now, the goal is to deploy the first online agent of the company. This is set to be done sometime during 2019, according to Ekaterina Dmitruk, the group sales director.

The CEO of the company, Pavel Voronin, affirmed that the company was the first airline to execute the sale of a ticket using the blockchain last year and that the services got only better since then.

Since Its Start, The Platform Has Processed $4 Million In Payments

This new platform was officially launched back in January and each month is seeing more people using it. During these seven months, $4 million USD in transactions were processed using the system.

Part of the reason for the growth now is because of a partnership that was started with Alfa-Bank, a private bank from Russia. According to the executive director of the tech lab of S7 Airlines, Nikolai Mukhanov, not only the number of payments has been increased, but also how much of the process is automated today.

One of the main advantages of using the blockchain in this kind of operation is how much more efficient it gets. It considerably speeds up the process of handling the transactions, especially as no paperwork is required at all. This is very important for the B2B market as well, which is one of the most benefited by the decision.

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Author: Gabriel Machado

Money Continues To Change With The Latest Tech and Financial Trends

Money-Continues-To-Change-With-The-Latest-Tech-and-Financial-Trends
  • Money could eventually be enhanced in the future by applying technology
  • Libra addresses many of the challenges that money is currently facing

At the moment everyone is talking about Libra and what Facebook has to offer to the crypto market and the financial world. However, Nik Milanovic, a fintech and financial inclusion enthusiast, considers that it is time to start thinking which is the role that money plays in the current world.

Will Money Eventually Evolve?

In a recent article released by TechCrunch, Mr. Milanovic explains how different industries have been evolving over time thanks to the evolution of technology. This is the case to communications with the email, bookstores with Amazon or taxis with Uber. However, he claims that money itself has remained unchanged over time.

He believes that money didn’t change because currencies are controlled and issued by states and it needs to be controlled by them. At the same time, money is also too critical to have a similar level of disruption as other industries and assets.

With the new Libra project released by Facebook, it is possible for people to understand what money should be and how it should work, even if Libra does not succeed and it is affected by regulations around the world.

One of the first things that Milanovic says is that money should be free to use. Financial institutions and other parties have to pay to have access to their money and ATMs charge high fees for withdrawals. Meanwhile, checks are also expensive to print and banks have large commissions for users that store their funds in security boxes or accounts. He keeps by saying that PayPal has high fees, foreign remittances incur fees and check-cashing also involves fees that users have to pay.

There are applications such as Venmo, Square Cash and WeChat Pay that want to let people transfer money and use it at no cost. Apple Pay and Google Pay are also making it easier by using the phone an instrument for in-person purchases and with no cos at all.

According to Aaron Klein at Brookings, slow payments can affect poor people. The time that it takes for a transfer to settle or for payroll to be deposited can mean the difference between paying a bill and incurring an overdraft fee. Thus, it can mean that these people would not have enough funds for weekend grocery shopping.

Moreover, electronic money can take just a few minutes and hours to be transferred, but the funds appear in a bank account in several days. The author explains that this is because the rails on which money is moved in the United States – and other countries- are more than 40 years old. There are some employers that allow workers to have their funds in real time to allow people to use their money as soon as they earn it.

He also claims that money must be integrated with improved digital identity systems that would allow for innovation to grow. The reality is that UI is currently not efficient in many cases because it requests users to provide a lot of information through different methods.

Through new mechanisms and innovation, it is possible for people to use biometric identifiers such as fingerprints or Face ID, which authorizes the use of money. There are other solutions that promise to provide a sell-owned ID profile.

Money should also be secure and stable in order for it to be used. Indeed, in countries with security problems, those individuals using digital payment systems would not be assaulted on the street or they would not be targeted by stealers. Meanwhile, individuals carrying cash are going to be severely affected by thieves.

There are different countries that are affected by high inflation rates. Venezuela, Zimbabwe, Argentina and Somalia are just some of them. This has affected people in these countries and now their citizens do not trust their currencies.

Caitlin Long, a recognized crypto supporter and the lawyer behind Wyoming’s blockchain regulation, explained:

“Central banks in developing countries are notorious for their lack of discipline in maintaining the value of their fiat currencies, which too often lose purchasing power.”

Libra will be backed by fiat currencies of different countries that could include the Euro, the British pound, the US dollar and the Japanese yen. In the future, however, Libra could gain an intrinsic value and eventually separate itself from the fiat currencies behind. This is something similar to what happened to the US dollar when it left the gold standard in the past.

Furthermore, another important thing that Milanovic explains is that money should be interoperable. He claims that it should be easy to buy something in a country with different currencies by using the same payment protocol. In addition to it, transferring between currencies should also be instantaneous, free and without necessarily visiting a platform or a bank.

Finally, one of the things that money should have is guardrails. Digital money can be traced and programmed, which can create safety guardrails and prevent terrorist financing, money laundering and black-market purchases. In this case, Libra is expected to be controlling everyone using the virtual currency.

Facebook is known for gathering information from its users and use this data to monetize its platform by selling ad places to firms. However, as the author of the article explained, there are many different reasons to be skeptical of these money guardrails since repressive regimes could use them to control citizens.

Thus, money could be improved over time with the implementation of technology. There are many issues to face and to deal with, many challenges to solve, but the trend is clear, and Facebook’s Libra is just one of the first steps into this direction.

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Author: Carl T

Bank of Russia Announces Possible Central Bank Digital Currency Launch, But Not Anytime Soon

Bank-of-Russia-Announces-Possible-Central-Bank-Digital-Currency-Launch-But-Not-Anytime-Soon
  • The head of the central bank of Russia discussed a future launch of a central bank digital currency.
  • One of the main disadvantages cited in reports is the lack of anonymity involved with digital assets.

Cryptocurrency is expanding to regions around the world, though every country has different ways of handling it. Some countries have created regulations that are more suitable to development in their economies, but central bank digital currencies (CBDCs) are slowly gaining momentum. These assets are typically a type of digital currency that is issued by the bank, but with all of the properties of centralized fiat currency. New reports from TASS indicate that Russia’s central bank is considering this type of asset, but the actual launch will not be for a while.

Elvira Nabiullina, the head of the Bank of Russia, spoke at a student conference in Skolkovo, stating that realizing a CBDC is not a possibility at the moment, but there are many central banks inside and outside of Russia that are looking into this possibility. Reports indicate that she also spoke about the need to secure how strong the technology is before it can be used for any possible CBDC realistically.

“If we are talking about a national currency that works as a whole in the country — that is, not about private assets — of course, this requires the technology to provide reliability and continuity. Technologies must be mature, including distributed ledger technologies,” said Nabiullina.

The bank head also spoke about the connection between the rise of CBDCs at the same time that debates are going on regarding the implementation of cash-free options for banks. She added that there are some jurisdictions that are already making the efforts to go cashless, though the demand for actual cash is higher in some regions. In the latter regions, the locals prefer to have a certain level of anonymity.

As more customers end up getting involved with digital currencies independently, Nabiullina stated that these volumes are a sign of “some sense of society’s readiness.” As Nabiullina sees it, researchers focused on CBDC should consider the advantages of issuing such assets, weighing them against how other technologies could benefit customers, like fast payment systems.

The Bank of Russia recently released a brief on the policies surrounding CBDCs, which indicate that there could be a way of issuing a less risky and more liquid asset instead, reducing the cost of performing these types of transactions in the economy. Still, the brief zeroed in on a major disadvantage to call – a lack of anonymity.

Last month, Nabiullina indicated that the central bank of Russia was interested in created a cryptocurrency that is pegged to gold, helping with mutual settlements around the world with other jurisdictions. Also, in the same month, government-backed RT stated that there are ongoing discussions between Venezuela and Russia that are discussing the possibility of using the Russian ruble and the Venezuelan Petro crypto asset as a way to close mutual trade settlements.

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Author: Krystle M

Nexo Releases Crypto Lending Update Clarifying Misconceptions and Future Outlook

Nexo Releases Crypto Lending Update Clarifying Misconceptions and Future Outlook

The Nexo team released an update today on the future of their project while also clarifying misconceptions about the rapidly-growing lending platform.

Nexo claims their key business model “is unchanged” but that the company is:

“actively exploring new avenues to maximize token utility and investor value.” The company also claims their ultimate goal is to become “a multi-billion dollar financial institution.”

While few people had heard about Nexo several months ago, the crypto lending platform has become a leader in the space. In fact, the company claims to be “the market leader in the crypto lending space”. Their goal is to solidify that position moving forward while continuing to expand.

Nexo also provided an update on its Nexo Card, which will launch in Europe first before expanding to clients in other countries worldwide. The company claims any delays in launching the Nexo Card will be caused by third parties – not Nexo itself.

Nexo also clarified its deployment of different collateral requirements and a new lower loan minimum of $100. The company claims these programs “have been IT-ready for months” but the deployment of the programs has been on hold while Nexo secures additional funding.

“This has been done to meet the enormous loan demand that will inevitably result from introducing them,” adds Nexo.

The next Nexo update, meanwhile, is scheduled to be released in June for iOS and Android. Also in June, Nexo plans to announce the ex-dividend date for the next Nexo Dividend.

One final bit of news from the blog post is that TRON will be onboarded as a new collateral option as part of the June update.

“Nexo Continues to Be the Undisputed Market Leader in the Crypto Lending Space”

One of the most important points of this latest blog post is that Nexo see itself as the undisputed market leader in the crypto lending industry.

The company plans to grow that reputation moving forward:

“while delivering new features, functionalities and new opportunities to further enhance the Nexo product offering and to maximize value for the NEXO token holders.”

Nexo Clarifies Misconceptions and “FUD” About Project

Another important point of the blog post was to clarify misconceptions about Nexo and the NEXO token.

“For too long have we ignored the malicious spreading of misinformation about Nexo and the NEXO token,” explains the Nexo team in the blog post.

The blog post goes on to describe the NEXO token as

“an income-generating digital asset with significant growth potential.” However, they also caution that FUD has “affected both the token price and the Nexo community.”

Some of the specific points they wish to clarify about Nexo and the NEXO token include:

Key Points of the Nexo Terms Have Not Been Changed, Although Smaller Points Have

Some in the community believe that the NEXO token terms have been quietly adjusted multiple times. Nexo doesn’t deny that the terms have changed, but they maintain that “essential features” like the 30% profit-sharing and the Nexo Dividends program have not bee changed.

However, Nexo didn’t deny adjusting certain terms over the last few months:

“While there are no major deviations from the initially set terms, changes are, of course, sometimes needed in order to adapt to new circumstances and changing business and regulatory realities. An example would be the introduction of the Loyalty Dividend which was not included in the initial Token Terms but was added later on — a move hugely appreciated by the community.”

The company claims that any major changes to the terms and conditions will only move forward with community review.

The Nexo Card Has Been Delayed, But for Reasons Outside of Nexo’s Control

Certain members of the community have also been spreading FUD about the launch of the Nexo Card. The card has been delayed, although Nexo claims the delays are the result of things “that unfortunately Nexo has no control over.”

Nexo claims Visa and MasterCard have “very strict policies” on who can get approved for a card program, and that both companies are very conservative over crypto-related businesses. The companies also have detailed application processes required for each country – there’s no pre-set international card program available.

Nexo claims they “did get approvals” but were also subject to “additional due diligence processes”, and both Visa and MasterCard required the company to amend certain terms.

It’s still unclear when the Nexo Card will launch. Here’s all that Nexo has to say about the launch date:

“The Nexo Card will first become available in Europe with more parts of the world following suit.”

Nexo Continues Dropping Minimum Loan Requirements

When Nexo launched its lending service last year, there was a minimum loan requirement of $5,000. That limit was gradually dropped to $500.

Next, the goal is to drop the minimum loan requirement to just $100. However, Nexo claims there are two main reasons why they have not yet lowered the minimum to $100:

  • “Nexo does not charge its users any bank transfer fees and we would like to keep it that way”
  • “Lowering the loan minimum to $100 or aggressively adding more collateral options would further increase the demand side which we might not be yet ready to back with enough financing.”

In other words, Nexo doesn’t want to compromise the user experience by lowering the loan limit to $100. Nexo also claims the reasons above are why they have delayed the launch of their affiliate program.

TRON Will Be Onboarded in June

Earlier this year, Nexo launched a community poll to determine which cryptocurrency should be onboarded to the platform next.

Nexo claims the decision was “unambiguous”, and that TRON would be the cryptocurrency onboarded in June.

What’s Next for Nexo?

June will be a big month for the Nexo team. The company is going to announce the ex-dividend date for the next Nexo Dividend in June. Nexo is also onboarding TRON and updating its mobile apps in June.

It’s unclear when the Nexo Card will launch, although it seems possible the card will launch in Europe before the end of the year.

The Nexo team clearly believes the future is bright not just for itself – but for crypto in general. They claim we’re in the middle of ‘Crypto Spring’ after a prolonged ‘Crypto Winter’:

“With the tokenization of the world, Nexo is in a perfect position with its leading automated lending infrastructure to capitalize on the widespread adoption that established behemoths of the financial world such as JP Morgan, Fidelity, the Yale Endowment fund and Facebook will ensure. The total addressable market for Nexo’s products thus rises to the trillions and we are happy to have you in for the ride!”

Nexo (NEXO) has jumped 46% over the past 24 hours and now sits in the top 100 cryptocurrencies by market cap (currently holding the #100 position).

However, NEXO is still trading significantly lower than its all time high price of $0.39 from May 2018, currently trading at a price of around $0.11.

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Author: Andrew T