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.
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
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