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.

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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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.)