Token Taxonomy Act and IMF on Blockchain Regulation.
I recently posted a video covering some new developments in the area of blockchain-based regulations. In particular, I discussed the Token Taxonomy Act and how it could have a profound effect on the industry.
I also touched on the IMF's Christine Lagarde and her speech at the Fintech Festival in Singapore not to long ago. She advocated heavily for blockchain technology and cryptocurrencies, making it clear that there is a need to embrace new financial technologies.
I hope you enjoy and find it informative!
The emergence of the stablecoin constant.
Last week, BlockHash had the opportunity to attend CES in Las Vegas. The annual technology show that introduces new innovations and developments in the technology industry. In search of new blockchain projects, BlockHash came across a company called Constant, and it's definitely something to be excited about.
Constant is a stablecoin, much like Tether or TrueUSD. The difference is that Constant has physical USD secured in a Trust. This USD is FDIC insured up to $5 million per user, which is something relatively new for a stablecoin (other than the Coinbase stablecoin USDC).
What's more interesting about Constant, is that it's easy to setup and use. When I was talking with the Constant team, I had a deja vu moment from when I was in college. None of my fellow students would accept physical cash for anything. They were all using this new app called Venmo, which is now owned by Paypal.
When I look back at how seamless the transition was for a bunch of millennials, it makes me excited about the prospects of projects like Constant that offer the same solution, except better! Foreign students could use Constant to receive money from their families while in school, you could avoid processing fees, and you would still have the simple option of converting to USD and sending it back to your bank account if so desired.
I see a bright spot for stablecoins like Constant amongst students, who seem to be early adopters for just about everything now-a-days. This bodes well for blockchain tech and its gradually march towards adoption.
My latest review of Cardano (ADA), IOHK, and their recent developments
About a week ago, I posted a video review of the Cardano project. I covered a number of topics, such as their treasury system, Proof-of-Stake, stability through 2020 and more. To build upon the video, I'm going to expand on these topics here and why they are important:
With the bear market raging on, it becomes natural for people to start asking when funding for development will dry up. Unlike most blockchain startups and projects, Cardano is fully funded until 2020. This gives the development team nearly 2 years to continue implementing the full spectrum of the Cardano blockchain, which includes PoS and a Treasury.
Through PoS, a small portion of ADA brought into circulation will be placed in the Treasury, allowing long-term sustainability of the Cardano blockchain. This should be fully implemented by 2020, well within the funded period of time. Unlike Ethereum Classic and Steemit, which have been forced to drastically scale back on development, Cardano will be able to push forward and begin claiming a much larger market cap once the bear market bottoms out.
2. IOHK headquarters moves to Wyoming
Recently, Charles Hoskinson announced that IOHK will be moving to Wyoming, USA. While details have been vague, it would be fair to assume that this is due to Wyoming's very favorable tax laws surrounding Blockchain companies and their development. This is also a good sign for the USA, proving that serious projects like Cardano are willing to bet on the regulatory future of crypto in America, rather than in Asia where it is highly popular amongst the younger generation.
The Cardano project has also announced the launch of their Testnet, which will allow developers to begin testing applications on the blockchain. In a normal (non-bear) crypto market, this would be seen as very good news for any project. It's the first step towards competing with Ethereum, NEO, and EOS for market cap and proving that they should be the preferred blockchain for enterprise.
Link: Plutus and Marlowe
Overall, great things are happening around Cardano and 2019 should be a historic year for 3rd generation blockchains!
The 1st Batch of the Pundi XPOS has arrived in the United States.
For all the blockchain enthusiasts out there, today is a great day! BlockHash has just received its 1st shipment batch of the Pundi XPOS in the United States. Quantities will be limited, but the 2nd batch will be ordered soon. If you would like to offer virtual currency as a payment option to your customers, feel free to reach out to us directly on the contact page of this site or through the links below! The XPOS will also be listed in the Store section of this site soon!
BlockHash is officially the 1st business in America to own the PUNDI PoS.
With all the hype around PundiX and what their new PoS device will bring to the masses, I thought it would be proactive to do a blog post and review on the device itself, since BlockHash is officially the 1st business in America to own one. Thanks to a recently formed partnership in Medellín, Colombia, I was able to purchase one despite them being sold out and in high demand. So let's jump into the details!
The Pundi PoS is built similar to an Android Phone, with a full touchscreen display. The device has a built-in chip reader, magnetic stripe reader, and contactless reader that also works with the XPass. There is also a receipt printer on the front and a camera on the bottom to scan Public Key QR codes or take photos. The Pundi PoS has everything you need in one device to operate as a merchant in the digital age of blockchain.
One of the best perks of the Pundi PoS is the ability to work seemlessly with it's own sudo-debit card. You simply activate an XPass card, link it to your Pundi Wallet (an iphone/android app to hold your digital assets), and simply tap on the contactless reader of the PoS to spend. This makes spending crypto easy and efficient. There is also no delay between payment and receiving your product/service. Pundi locks in the price for a short period of time so that you can buy your coffee quickly and be on your way. This will be fantastic for commerce.
The Pundi PoS software runs on Android, making it easy to update and become familiar with. This will also make it easy to continuously add new features to the device that will enhance to user experience. Other than making transactions, the device also allows customers to buy or sell their digital assets directly from the merchant, without having to use an exchange.
4. Pundi Revenue Model
Most people are unfamiliar with the Revenue Model and how it will affect the price of NPXS, so I'll attach it here for you to read at your leisure. The biggest take away, especially for investors in the NPXS token, is that Pundi has a plan to remove NPXS from circulation, based on their revenue from Pundi PoS sales. In essence, this means NPXS will become deflationary and should increase in price over time, making it a solid investment to consider for your portfolio.
Link: Pundi Revenue Model