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Can Neo (NEO) become a Bridge between Digital Assets and Fiat Values?

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Neo (NEO), proclaimed as Chinese Ethereum is working its way up towards creating a much-needed bridge between the world of cryptocurrencies and the more established world of fiat value and traditional currencies. So far, investors were most concerned about the market price of their favorite coins, but as there are more and more coins appearing year by year, the expectations are rising accordingly. That is how investors became more interested in the technology behind their favorite currencies besides from being interested in the market price. As Neo is trying to simplify coin exchanges and blockchain-base transactions, we are interested in finding out whether the “Chinese Ethereum” can become a bridge between digital assets and fiat values?

Neo is Standing Out

In the market where there are over 2000 listed ICOs, standing out from the crowd can be a task bit too hard. That is how we can’t miss on appreciating the fact that this Chinese-forged coin has made it to the global market by being accepted on many major exchange markets, including Bittrex, which is always good news for a currency.

Getting listed on major exchanges and working on getting the number of exchanges increased over time is what makes a coin stand out in the first place as its attainability and accessibility are immediately increased as a consequence of getting listed. That way many investors are able to spot the listed coin as a potentially solid investment.

But, that is not the only way Neo is standing out from the crowd. Apparently, the dev team behind Neo seems to be determined to make NEO one of the top platforms/currencies in the market. Since Neo is mostly focused on smart contract operations, the dev team behind it made sure that Neo can offer scalable and flexible solutions, which is the case with Neo’s smart contract operations.

By having a scalable and flexible platform, Neo can offer maximal compatibility with a wide choice of different types of decentralized applications. That is how developers can easily make any kind of Dapp that crosses their mind as they have all the needed tools available on the network.

All Dapps can be made by using JavaScript, which is the precise reason why it is so simple and easy to make and deploy decentralized applications to Neo’s network.

Moreover, Neo is standing out from the crowd of different currencies by having the ability to easily adapt to any type of transactions, and that is how Neo users are able to find a real-life purpose for NEO currency.

Can Neo become a Bridge between Digital Currencies and “Real Life”?

Neo can indeed become a bridge between digital currencies and the real life where a clear purpose can be found in this currency. In fact, Neo can be already used in real life as this currency has a way in its system that allows all users to bond their fiat values to digital certificates that are recognized by the law as valid.

Neo took its smart contract operations a step further in order to make sure that anyone can use this feature, including even those users that are not particularly handy with tech-related stuff.

Neo has many features that will allow you to easily prove your identity, make transactions in a second with the capacity of processing up to 10.000 transactions per one second all at once, along with allowing you to connect the real-life values and assets with the digital ecosystem that makes Neo what it is today.

Neo and Partnerships

Acquiring new partnerships can sky-rocket a currency as it shows that there are serious investors and partners out there who put their trust into the technology of the given currency.

Neo has some very important partnerships in line as well, showcasing in a way that this currency is doing pretty well, finding its usage in “real life” payments and transactions.

One of the most notable partnerships so far is the one sealed with Alibaba, which is practically Chinese Amazon with millions of active users and buyers. Thanks to this partnership, Neo users are now able to purchase hundreds of different goods and products by using NEO for their payments.

Another partnership that can definitely be marked as groundbreaking is the one sealed with China. This partnership was sealed with the purpose of pushing the market to a whole new level by enabling users to gain easy and simple access to Microsoft products that can be bought with NEO currency.

How is Neo doing at the Current Moment?

After the latest change in the market, NEO is being traded in the red after the initial drop of -2.73% against the dollar.

The majority of currencies are once again trading in the red while coins and tokens are dropping in price. NEO is also trading in the red against BTC by 0.55% and can be currently purchased at the price of 46.43$ per one NEO unit.

In oppose to the price marked on January 16th when NEO reached its all-time high of around 160$ per one NEO coin, the current trading price is fairly low. However, given the fact that this currency is trading more than twice lower than its record price, NEO can make a pretty neat investment at the current moment.

We will be updating our subscribers as soon as we know more. For the latest updates on NEO, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Steven Depolo via Flickr

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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