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

News
Thu, 05/14/2020 - 12:40
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
Cover image via stock.adobe.com
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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

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.

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
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John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

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.)