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Which Countries Embrace The Crypto & Blockchain Technology

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Blockchain began in 2013 and reached its all-time high in 2017. Blockchain is seen as the most important form of technology because without it bitcoin is unable to function. Blockchain has contracts within its system and data exchanges of which are presented in a cryptographic form. Bitcoin, as well as other cryptocurrencies, make up only one application to blockchain. The International Monetary Fund has even begun exploring ways to make use of the blockchain technology in terms of their own trading as well as special drawing rights. The blockchain innovation is being led by some surprising countries such as:

Dubai:

Dubai has been aiming to become the forefront of blockchain with their goal to implement 20 blockchain initiatives in 2018. The Dubai government supports the modernization of applying blockchain services in several sectors.

United Kingdom:

Since as early as 2016 the UK government had strategies to make use of blockchain in order to reduce the rate of fraud and corruption. Innovate UK, which is the UKs technology development agency provided £248K GBP towards the blockchain startup to develop a world-wide solution for financial transactions. This type of behavior has encouraged online gambling technology providers like FunFair to embrace the technology.

Japan:

In Japan theres a person or group of people who are seen as the founding members of the development of a protocol of cryptocurrency and that they developed the original software where the blockchain code was applied. Japan is the only country which has been able to implement a system capable of adapting to cryptocurrency transactions.

With regards to cryptocurrency, we usually think of Bitcoin. It is the most popular type of cryptocurrency which enables financial transactions between people without a middleman. In countries all over the world, different governments apply different approaches of implementing cryptocurrencies. Bitcoin has created not only lower costs for the use of financial services but also has created a more efficient system. Bitcoin is owned by people and not by companies or government thus provides owners with more control and freedom which is more beneficial to them. Many countries have started to adapt and implement the ground-breaking technology that is bitcoin, such as:

United States:

The US consists of the most people in the world who use cryptocurrency and in terms of the number of people trading bitcoin. The US is seen as having a supreme financial status therefore many nations look to them for guidance in terms of cryptocurrency. They also have the highest number of Bitcoin ATMs and Bitcoin trading volumes internationally.

Chile:

In 2015 the Chile citizens were able to purchase Bitcoin with pesos through funding from the Chilean government. The Chilean government had goals to convert their country into a modern and entrepreneurial nation.

Italy:

In Italy tax authorities have adopted Bitcoin as a form of financial exchange. Sales that are paid for through Bitcoin are exempted from Vat. Italian tax authorities charge income tax on Bitcoin based on the manner that it was used.

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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Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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

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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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