The co-founder of PayPal is in the Bitcoin news today – unveiling his and his partner’s early plans to create a global digital currency that would be independent from banks and governments and very similar to Bitcoin or practically any other cryptocurrency.
In a video which was uploaded to the crypto streaming service Bloxlive.TV on Thursday January 31st, Luke Nosek said that PayPal initially wanted to create an in-app payment system which solves various problems and gives out actual solutions.
When asked about whether PayPal or WeChat Pay (the Chinese messenger in-app payment system) manages to solve these problems, Nosek said:
“Many people don’t know this, but the initial mission of PayPal was to create a global currency that was independent of interference by these, you know, corrupt cartels of banks and governments that were debasing their currencies.”
The company (PayPal) still succeeded in building something that economically is very powerful, according to Nosek. However, they never achieved their initial goal and became too centralized while working with some of the biggest financial institutions such as Visa, Mastercard and SWIFT, which the co-founder admitted.
PayPal is obliged to do whatever it needs to do to keep those institutions happy, Nosek said. “We’ve learnt to play,” Nosek noted.
Finally, he concluded that he is grateful to Bitcoin and Ethereum developers for creating their own ecosystems and not pushing their adoption prematurely, adding that he hopes they will never have the same pressure from investors like PayPal did.
The Great Altcoin Boom May Be Around The Corner
“Rug pull senses tingling. I managed to make it here up in $BTC, up in $USD. Going to keep it that way – tethering ~75% of my $crypto holdings. Playing with the rest. Maybe I get left behind, but I don’t think so.”Despite Bitcoin's increased dominance which now sits at its all-time high of 54.2%, the technical perspectives show that the great altcoin boom on the market is likely to produce a boost - and that the future altcoin news may show us a lot of new capital and confidence from investors. However, this altcoin boom is only possible if Bitcoin sees a strong upside movement and stabilizes above the crucial resistance levels. Currently, the daily spot volume of BTC is at around $580 billion which is still a big up since the first week of March - and a good sign that the great altcoin boom may be around the corner.
Samsung Invests In Ledger: $2.9 Million Confirmed
“In this role I will be able to properly focus on strategy and vision, while also overseeing regulator and government outreach, partnerships, customers, broader business relationships and technology thought leadership.”
What's interesting is that today, an anonymous source told the cryptocurrency industry news outlet CoinDesk Korea that Samsung may also end up developing a public-private blockchain along with its own cryptocurrency token. This project, in addition to the news that Samsung invests in Ledger, will be a major undertaking by the company's blockchain division. In the long run, however, it may help Samsung along with a new asset that is now dubbed Samsung Coin.
The website also quoted the source saying “we expect Samsung Coin to come out in the market, but the direction has not yet been decided," and quickly entering the altcoin news section with this viral news.
As other sources reported on April 22, Samsung has apparently delayed the launch of its $2,000 folding phone dubbed Galaxy Fold due to series of breakage issues as reported on the best cryptocurrency news sites. Even though fans were expecting another phone packing a crypto wallet, several reviewers have reported the inside of the screen flickering, freezing and dying on the test phones in the very first days.
Now that Samsung invests in Ledger, the company's focus could shift and we could definitely see an electronics giant in the crypto news sections in the near future.
Binance Singapore Launches With Just One Crypto Trading Pair
“Binance is excited to bring world-class blockchain technology to Singapore and we look forward to showcasing Binance’s tier one safety and security measures to the world. BTC/SGD is the initial pair Binance Singapore is offering with the soft launch and there may be more pairs added as regulations allow.”As many best cryptocurrency news sites reported earlier in April, the CEO of Binance Changpeng Zhao (known as CZ) said that Binance was planning to open its Singapore branch at some point this month. However, further details about Binance Singapore were not known at the time. Last September, CZ revealed that the beta testing for this service was about to begin. Meanwhile, the coming altcoin news show that Binance is also getting a lot of investments. One of them was made by Vertex Ventures, which is a subsidiary of Temasek Holdings - and the recent investment company that decided to invest in Binance and fuel its expansion to the country. Right now, Binance is the second largest crypto exchange by trading volume according to data from CoinMarketCap. However, the Singapore branch will definitely help and get the exchange closer to the first spot.
Euro Poll: Cryptocurrencies Will Still Be Around In Ten Years Time
“These results indicate that the reputation of cryptocurrency has moved beyond hype and become more established. It’s very easy to forget just how new cryptocurrencies still are; we’ve only just celebrated bitcoin’s 10th birthday, so for the majority of consumers to believe in crypto’s future is without a doubt an achievement.”The most surprising outcome of the Euro Poll survey is that consumers are losing their confidence in Bitcoin. About 50 percent of the respondents believe that Bitcoin will still exist in the next ten years but about 63 percent don’t share the same opinion. This could be a result of the negative press including the reports on exchange hacks and investment losses. Of course, the number one cryptocurrency is always to one to be hit the hardest. The Euro Poll confirms that cryptocurrencies are here to stay in the next ten years. One crypto hedge fund founder wants to bet his house on it. Also, as previously reported in our altcoin news, Anthony Pompliano is willing to stake $1 million bet that crypto will outperform the S&P 500.
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