With the exception of bitcoin, Litecoin is arguably doing more than any other coin for mainstream adoption. Most recently, Litecoin Creator Charlie Lee has inked a partnership with Travala.com, a blockchain-based hotel booking platform. Even though Travala.com is another blockchain company, it’s a play on the travel industry and represents a use case that can serve as a model for future deals. While Expedia has shied away from accepting bitcoin, it could change its tune if Travala.com’s Litecoin payments take off. Continue reading Litecoin Hastens Mainstream Adoption, Inks Deal with Blockchain Startup Travala
Jaguar Land Rover produced over 600,000 vehicles last year. For a luxury brand, this is a substantial output. Tesla, by comparison, produced under 250,000. The news broke sometime yesterday afternoon that JLR is utilizing the IOTA tangle (blockchain) for their new cryptocurrency program. They’re going to have on-the-go payments (such as tolls, similar to EZ Pass) and also pay owners for data collected. Continue reading Do Jaguar Land Rover & IOTA Hold the Key to Mass Crypto Adoption?
A bill introduced this week in the Ohio House of Representatives urges government entities to adopt blockchain, the technology underpinning bitcoin. Republican state representative Rick Carfagna sponsored the bill. Continue reading Pro-Bitcoin Ohio Bill Promotes Government Adoption of Blockchain
Mass adoption of Bitcoin is the ultimate endgame for many developers and advocates of the most popular crypto asset today. The real visionaries of the space hope for a world in which the national government’s power is eroded by trustless forms of currency and governance enabled by blockchain technology. Under this scenario, individuals around the globe would make near-instant, cheap payments for goods and services without intermediaries, using second layer Bitcoin scaling protocols such as the Lightning Network. And the corporations requiring the most secure transfers would likely dominate activity on the mainchain. Naturally, with a huge percentage of the planet’s wealth being stored in Bitcoin, the would be many times greater than it is now. For example, if Bitcoin was to exceed the market capitalization of gold ($7.8 trillion), the price of a single Bitcoin, presuming that all were mined and none was lost (but they are), would be around $371,430. Continue reading Bitcoin Mass Adoption: When Should We Expect It?
Shift Card, a US-based VISA credit/debit cryptocurrency card that enabled consumers to spend directly from their Coinbase wallets, has announced that it will be shutting down. Continue reading Shift Card Shuts Down, Reveals Importance of Direct Merchant Adoption