Coinpayments CEO Alex Alexandrov believes that the blockchain technology and the AI technology could assist one another in their further development. How could that be possible we read in the altcoin news below.
Very few technologies such as attention and enthusiasm as blockchain technology and artificial intelligence. Both of them are featured in the Deloitte’s 2019’s Tech Trends Report which only confirms that they are drawing significant investments from huge enterprises. For example, the 2019 Global Blockchain Survey conducted by PwC found that more than 84% of the executive-level survey respondents indicated that their companies are actively involved in the blockchain technology. Also, more than 80 percent of the enterprises are investing in AI as well. Of course, the struggle of adoption and usability mainly speaking about blockchain technology here, is well documented. Blockchain technology faces huge challenges associated with centralization, 51% attacks, and scalability.
As per the Coinpayments CEO Alexandrov, he believes that both of the technologies can assist each other. He discussed the latest iterations in the digital payments systems as well as the ways that his project which also has both blockchain and AI together will improve the functionality of this highly lauded technology. Coinpayments have played a very important role in the cryptocurrency space over the past years so Alexandrov stated that he is now feeling more prepared for the new wave of adoption. The markets have recovered over the year but according to him we still have a long way to go before saying that the next wave of adoption is really here. During the market downturn, there was a lot of work and hard effort put into improving the services of the company and Alex stated that during the harsh crypto winter in 2017, the mass adoption will still require companies in order to scale.
As per the latest cryptocurrency news reports, Alex’s company is focused on merchant adoption. He stated that the companies are getting involved in cryptocurrencies as a method of payment and stated that during the bearish market there was unprecedented growth in the total number of merchant signups and transactions. The Coinpayments CEO also noted that his company is working on a new multi-sig wallet and a new crypto-to-gift card program.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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