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Cardano (ADA) Wants its Place on Coinbase

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Cardano

Cardano (ADA) has stated recently that their goal is to become the next coin to be listed on Coinbase. According to them, the announcement from Coinbase which will confirm this is about to come soon.

As of yet, the crypto exchange has not announced anything regarding the plans of introducing any new coins. Still, this will soon change, according to Cardano, which believes that Coinbase is currently targeting various markets around the globe.

The statement from Coinbase itself says that they intend to support the Ethereum’s technical standard called ERC20. Different ERC20 assets regarding the Coinbase products will be supported by this as well, but the exchange does not plan on supporting any specific features or assets at this time.

Cardano’s potential for entering Coinbase

As many already know, Cardano is made in order to allow its users to make different decentralized apps, as well as to make transactions instantly via P2P networks. Since it is a blockchain with a unique nature, it is favorable for those who wish to create dApps and make transactions nearly instantly, and almost for free, at that.

As a coin, it is backed throughout the Americas, South Asia, Europe, and, of course, in its parent country – Japan.

The best platform for smart contracts in the world

The evolution of smart contracts regarding the blockchain tech is advancing rapidly. For now, the leader in this area is definitely Ethereum. However, ADA is seen as a close second, with EOS coming close to this position as well.

Cardano is written in a very complex programming language which is using equally as complex mathematical logic. It is called Haskell, and its coding allows for some of the best security, as well as the fastest transactions. In some ways, this platform can even beat Ethereum itself, and there are those who believe that this is something that will actually happen in the near future.

Still, even though the platform itself is more than excellent, this is not enough for ADA to add its name to Coinbase’s list just yet. In itself, Cardano is more than just a blockchain. Its coins are stored in a very safe platform called The Daedalus Wallet, which is an additional reason why Coinbase might seriously consider adding this currency. The security, obviously, comes first here.

Cardano’s place allows it to influence strategic customers

There are many things that Cardano has in common with Coinbase, especially when we are talking about their available customers. The recent increase in both, Singapore and Europe really stands out here. The increase in Cardano is growing in Europe particularly, and 8 out of 10 strongest countries have been searching this token on Google actively. Top searches of Coinbase come from at least 5 of the same countries that are so interested in Cardano. Those include Slovenia, Cyprus, Switzerland, Croatia, as well as the Netherlands.

Obviously, Cardano is gaining popularity in Europe, and adding it to Coinbase would be a very good strategy since it would provide a lot of influence in this area. The market is prepared, and the customers are there. All that remains now is for the Coinbase to release the announcement.

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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 Jon Russell via Flickr

Blogs

How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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