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New Bitcoin Use Case Could Be Touchless Payments After Lockdown, Crypto Influencer Says

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Thu, 05/14/2020 - 12:40
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Yuri Molchan
A crypto influencer assumes Bitcoin could take center stage when touchless payments in businesses become a norm globally after the lockdown is over
New Bitcoin Use Case Could Be Touchless Payments After Lockdown, Crypto Influencer Says
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Now that the lockdown isolation becomes weaker and Elon Musk has even restarted one of his Tesla factories in the US, some in the crypto sphere assume that the society and businesses will continue to practice social distancing after the lockdown.

Touchless payments, they believe, will be a major part of it with Bitcoin and other crypto on the centre stage.

Will touchless payments become the post lockdown focus?

Twitter user ‘Satoshi Flipper’ has published a post in which he offers his 55,300 followers to consider what the post lockdown society will be like and whether it will be following the same rules as during the self-isolation. E.g., social distancing, as well as other rules.

Satoshi Flipper emphasized touchless payments and the major role Bitcoin (with other cryptos) is likely to take at that point.

‘Accelerate hyperbitcoinization and fuel it’

The Blockstream CEO Adam Back believes that adopting and using Bitcoin (hyperbitcoinazation) is important, therefore opting out of traditional assets into Bitcoin should be done. As well as expanding the Bitcoin ecosystem after the lockdown.

“Opt out. Buy #bitcoin. Use the ridiculousness for motivation to build more things for Bitcoin, to fuel accelerating hyperbitcoinization.”

Robert Kiyosaki praises Musk for reopening Tesla

The investment guru and the ‘Rich Dad, Poor Dad’ author Robert Kiyosaki has taken to Twitter to address Elon Musk who recently restarted one of his Tesla factories in the US, promising that should the police arrive he would be there to prevent his workers from getting arrested.

Robert Kiyosaki, apparently, believes the global lockdown to be unnecessary, so he insists that the world needs a bigger number of strong leaders, like Musk, who would be able to find better solutions than self-isolation. He tweets:

Rich dad
Image via Twitter

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

Grayscale Assets Under Management Surge $300,000,000 in One Day. What Does This Mean?

News
Fri, 10/23/2020 - 09:24
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Vladislav Sopov
Grayscale, undisputed giant of institutional crypto investments, is celebrating another monstrous milestone, adding a nine-digit sum to AUM in 24 hours
Grayscale Assets Under Management Surge $300,000,000 in One Day. What Does This Mean?
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Grayscale is an investment company that provides the clients with an exposure to digital currency markets eliminating the need to buy tokens. The firm does it by selling shares of 'trusts' related to certain digital assets. The recently started FOMO has already brought Grayscale's 'asset under management' (AUM) values to previously unseen levels.

Grayscale assets are on steroids

In its most recent report shared in a tweet, Grayscale Investments stated that its net AUM now surpasses $7,300,000,000. Mostly, this upsurge should be attributed to the spikes of Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) prices.

Grayscale adds $300M to its AUM in 24 hours
Image by Twitter

Its founder, CEO of Digital Currency Group Barry Silbert, unveiled that Grayscale’s holdings added a whopping amount of value in the last 24 hours.

Added a cool $300 million in AUM in one day

In terms of separate ‘trusts’, the most impressive increase is associated with Litecoin (LTC). Its value added almost 10% bringing its total to over $34 mln. 

Bitcoin (BTC) allocation surged above $6 bln with a 5% increase. Notorious Grayscale Ethereum Trust (ETHE) added 6% and now is valued at $942 mln.

PayPal assists Grayscale

By contrast, Stellar Lumens (XLM) and Bitcoin Cash (BCH) trusts witnessed mediocre increases of 2-3%. The only integral product of Grayscale, Large Cap Trust that unites the most valuable coins under its umbrella, therefore, added less than 4%.

The numbers of Grayscale Investments positions rocketed due to the rapid spike of crypto prices associated with PayPal’s decision to add major digital assets to its instrument toolkit.

As covered by U.Today previously, PayPal announced that Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) will be added as payment methods by the end of this year.

  

Following this surprising news, Bitcoin (BTC) revisited its multi-months high over $13,000. At press time, its price has slightly retraced and flirts with the $12,800 level.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)