The World of Cryptocurrency - Coffee Next in the Line
It already more than a month that bitcoin still struggles to move up and so for the altcoins. We are all hoping that soon it will get back to its track and start to skyrocket again as what excites us most. This tragic drop is mainly caused by those country banned bitcoin and other cryptocurrency in their land and the market cap was heavily affected. Just recently, there's news circulating on the web that one of the exchanges based in Japan was hacked and some say that the damaged was greater than of that of Mt. Gox exchange. This incident will definitely give a heavy blow on the coin market cap. I think it will continue its trend for a couple of weeks or maybe months until some huge investors will step on the plate and start to pump bitcoin through investments.
Just recently, Howard Shultz, a chairman of one of the biggest coffee chain in the world plans to use the technology of virtual currencies. Starbucks Coffee was already using a mobile application for payments way back in 2015. Costumers can order and pay its coffee through mobile apps but chairman Shultz wants to level-up way of business by taking advantage of the blockchain that the digital currency was using. He is eager to implement cashless stores in US and if this will succeed then maybe he will adopt it all throughout the chain. The report stated that Schultz is eying for the blockchain technology but is cold on bitcoins. maybe he will introduce a new currency for his chain and will be using blockchain as the backbone of its transactions. Maybe soon Starbucks will be launching its ICO but this just a speculation but who knows? If this will be realized then count me in to lineup in their ICO launching - I will definitely buy some tokens :)
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I think we are all still at the "beginning" of the crypto world story. We all hope in the future it will be accepted everywhere as a mean of payment, but no one really knows how it will all play out in the end. All we can do is invest, and hope for the best. But, it encouraging to see a giant like Starbuck's is considering joining in on the crypto ride. I am sure that would play a big role in prices going up. :)
Anways, lets see what the future will bring. Maybe we are all millionairs already without knowing it. lol
I totally agree with you. Behind this crypto is a very powerful technology called blockchain - this will somehow drag those businesses to level-up their market for them not to be left behind. They may not totally convinced with the use of crypto in their business but somehow they will be force to do so due to necessity. A few decades ago, they only accept fiat currency as mode of payment until such thing as cards introduced to the market - they were forced to level-up to widen the scope of their businesses. And now, crypto starting to reign in the market and soon most businesses will join the wagon. Last 2 weeks, Mark Zuckerberg of Facebook was started to consider crypto in his social media platform, and now, one of the world's biggest coffee chain shows interest to step-in into the cryptoworld. If this will come into fruition, then its a party time :)
It is simple really. The market will have adapted to the changing of their customer's desires. So as more people use crypto they will be forced to change their ways. I saw the message from Mark. If somehow facebook integrates crypto into their platform things will get interesting very fast. As they are a GIANT. :)
It is exciting now, and I believe it will get even more exicting in the next year or two. :)
Coffee on blackchain?😱
yup, hopefully it will be realized soon
maybe.
The government of each country should think about this cryptocurrency. There is good and bad aspects of everything, so do not accept it better? And we express our sincere regret at the events of Japan.
The government were not earning in this crypto thing. Their citizens simply ignore paying taxes due to its anonymity characteristics. Government can only regulate those exchanges but each persons who were trading crypto cant be regulated.
it's true that information some countries that have banned the use of bitcoin currencies. including our country, but we are still using it and hope the bitcoin price can increase again.
For sure bitcoin price will rise again more so now since CBOE futures contract has been expired. The wall street big guys just simply manipulate the crypto market to maintain its price for their own gain.
Thanks for the brilliant info, I wish your Speculations are true... Thanks for the info. @elizahfhaye
CBOE contracts has just expired and there are speculations that btc will now recover and get back its track again. Wall Street simply manipulate the price of BTC for them to gain a max profit but now the futures contract has just expired. Lets see what will happen for the coming days.
firstly thanks for information..............bitcoin price high lvl but some countries that have banned......currencies.....♥♥♥♥♥.......@elizahfhaye
crypto is still in its early stage and not all countries welcomed this new technology. Maybe soon they will realize how powerful this technology is, which can change everything on how we do business.
good.......... thanks........@elizahfhaye
Yes bitcoin is not doing great. but atleast there is a happy news that Steem is going well:). Nice info that starbucks is going to launch it's own currency. new era and new trend. nice share @elizahfhaye
Steem is a long term investment. I do believe that soon steem will hit $100+ before 2020 ends. Steemit is a very unique platform compared to all currencies. Its a social media of cryptoworld wherein we can interact and share information - and this will surely attracts many people to use its platform.
Agreed. Steem is a long term investment. Isn't it $100 too much to predict. However it has a tendency to rise high. All the best for steem and crypto currency
Much obliged for sharing it
oh thanks
Resteemed and upvoted done dear
thanks dear
wonderful analaysis content.
i like this writing.
carry on
thanks bro