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Altcoins

SOLVE Token Could Be A Huge Long-Term Winner

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Solve.Care
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A lot of articles have been written about an altcoin apocalypse.  With so many tokens entering the market, it is inevitable that not all of them will survive.  When trying to analyze pick out the best projects, the following criteria should be used:

  • Very active community
  • Strong potential for mass adoption
  • Valuable partnerships
  • Experienced leadership

If a project scores well in at least three of the above criteria, it’s a winner.  When it scores well in all four, it has the potential to be a blockbuster.  That potential blockbuster is Solve.Care.

Background

Solve.Care has developed a revolutionary platform that will significantly improve care outcomes by reducing healthcare administrative costs.  The platform will also go a long way toward eliminating a lot of the problems commonly seen within healthcare administration such as duplication, waste, abuse, and fraud.  I firmly expect Solve.Care to generate cost savings by facilitating peer-to-peer transactions that grant authority to stakeholders while empowering payers regarding cost control and oversight.

SOLVE token completed its token sale last year in May.  The company sold 350,000,000 tokens and still has 650,000,000 in its treasury.  The great news is that the token has been recently listed on both Bittrex and KuCoin, two of the largest and most trustworthy exchanges in the world.  Given the recent incidents, especially the Cryptopia hack, being on a trustworthy exchange is of paramount importance.

Active Community

I won’t spend a great deal of time focusing on this as this is probably the least important of the four criteria mentioned earlier but Solve.Care is doing quite well on this front.  The company’s Reddit page has over 1,300 subscribers while the Twitter handle is even more impressive with over 11,000 followers.

In addition to social media, the company appears to be generating a strong following in mainstream media.  In 2018, Solve.Care had over 5,000 media mentions, including articles in FinTech Times, Forbes, and a video interview with CNBC Arabia.

With so many projects in the crypto space, spreading awareness is imperative to success.  Solve.Care is definitely doing what’s needed on this particular front.

Strong Potential for Mass Adoption

With the complexity of today’s healthcare system, it is imperative for businesses to come up with new innovative ways to reduce the strain and burden faced by many of the market’s participants.  Solve.Care is a win for everyone involved.

The platform puts individuals in control of their healthcare in an easy and efficient way.  Individuals can easily set appointments, share records, price shop, generate discounts, manage prescriptions, understand specific care information, make payments, and maximize benefits.  This is especially true with the launch of Care.Wallet for Family.

Care.Wallet for Family is a healthcare application that allows the user to connect to one or more Care Administration Networks (CAN) to manage their healthcare benefits and manage their health conditions.  New releases of Care.Wallet will automatically download Care.Cards for tasks such as managing prescriptions, verifying benefits, making appointments, managing disease conditions and simplifying the administrative and care coordination process.

In addition to individuals and families, Solve.Care is likely to gain mass adoption among physicians as well.  The platform strives to reduce the administrative burden, deliver better quality of care and provide for more face to face time between doctor and patient.  Because of Solve.Care, doctors will be able to show their availability, double check patients’ medical coverage (including deductibles), have better access to highly accurate records, write prescriptions and coordinate with specialists and labs.  If it’s one thing that doctors absolutely hate, it’s wasting time on paperwork and dealing with insurance companies.  Solve.Care completely eliminates the need for that.

The company took the adoption possibility one step forward with the launch of Care.Wallet for Physician.  This solution displays provider quality data and distributes financial rewards.  Arizona Care Network will use these rewards to align providers with the mission of improving populating health at a lower total cost of care.  Care.Wallet for Physician is the first solution in history utilizing blockchain technology and digital currency (i.e. value-based payments) in the U.S. healthcare industry.  The value-based payments occur with the healthcare digital currency called Care.Coin.

With many cryptocurrency projects failing to live up to expectations, it’s nice to finally see one go above and beyond what many thought possible.

Valuable Partnership with Arizona Care Network

Starting a new business, especially one attempting to disrupt an industry as powerful as the U.S. healthcare system, requires strategic partnerships.  In February 2018, Solve.Care inked a huge partnership with one of the largest accountable care organizations in the United States.  This is a huge, strategic partnership for Solve.Care because ACN has a network of more than 5,500 doctors covering more than 250,000 clients.  Between this partnership, Care.Wallet for Family and Care.Wallet for Physician, Solve.Care has continued to demonstrate its ability to develop blockchain-based healthcare solutions.  It is quickly becoming a major player in the U.S. healthcare market.

Leadership

A company’s leadership is an often-overlooked area when evaluating cryptocurrency projects but it’s one that is essential.  Without the guidance and strategic vision from capable executives, a company often flounders about without a true identity.  Fortunately, Solve.Care is being run by someone with incredible experience in the field, Pradeep Goel.

Pradeep has 26 years of experience working in a variety of areas including technology, human services, healthcare, and finance.  He has been able to hone his leadership and managerial skills by holding various titles such as Chief Executive Officer, Chief Operations Officer, Chief Information Officer, and Chief Technology Officer.  Pradeep previously built 4 healthcare IT companies. Because of that wealth of knowledge and leadership acquired over time, Pradeep will be able to guide Solve.Care through all the challenges that start-up businesses face.

Final Thoughts

Cryptocurrency has been extremely challenging over the past year.  Without a clear direction of where things are headed, token owners will need to be more careful than ever.  Instead of chasing a quick buck, token owners need to carefully look at a project’s underlying business, goals, and leadership.  After looking at Solve.Care, I firmly believe in its potential to be a long-term winner!

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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.

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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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Altcoins

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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