The user base and market cap of bitcoin are larger than most fiat currencies of small countries in Central America, Africa and Europe. The next step for bitcoin is to surpass the market cap of reserve currencies, to establish itself as the global currency used by mainstream users and general consumers.
The truth is, bitcoin as a technology is not capable of surpassing the value or user base of reserve currencies as of yet. Various scaling issues have to be addressed and solutions must be implemented. One of these solutions is Bitcoin Core’s Segregated Witness. If both the on-chain capacity and two-layer solutions of bitcoin are expanded and improved, bitcoin will be able to compete with larger fiat and reserve currencies of the world. Continue reading “Bitcoin is Now Larger Than Some Fiat Currencies in Europe & Americas in Market Cap”
Bitbond, which is based in Berlin, Germany, connects fixed-income investors with small business owners who need loans. To make global cross-border lending possible, the platform uses the bitcoin blockchain for payment processing.
By working with BitPesa, borrowers who receive funding on Bitbond can now have their loan paid out directly to a mobile money or bank account. BitPesa pays local currency out to the borrower’s preferred payment option within minutes. The integration between Bitbond and BitPesa is now live in Kenya, Nigeria, Uganda and Tanzania. Continue reading “BitPesa has Partnered with Bitcoin Company Bitbond to Improve Access to Financing for SMEs in Africa.”
This article caught my eyes not because of bitcoin but because of a scenario of nuclear war in East Asia. And it argues;
“Yes. Electricity and the internet may be less reliable or more expensive but they would be available. An increasing dependence on the blockchain would make it a top economic priority.
It would also be a top military priority. In October 2016, the Pentagon revealed it was actively exploring blockchain technology “to create tamper-proof military computer systems, including those used to control America’s nuclear weapons.” Other nations are undoubtedly doing the same.”
It’s an interesting angle to talk about blockchain. (yoshi3346) Continue reading “Would Bitcoin ‘Function’ in a Societal Collapse?”