Top five stories from the last week
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Coinbase CEO Brian Armstrong: One Billion People Will Be in Crypto Ecosystem in Five Years
What is this all about?
Cryptocurrency exchange Coinbase CEO Brian Armstrong predicts the number of people in the cryptocurrency ecosystem to grow from the current 40 million to one billion in the next five years.
How did he explain it?
"It makes sense that any company out there who has a cap table should have their own token. Every open source project, every charity, potentially every fund or these new types of decentralized organizations [and] apps, they're all going to have their own tokens." Get more details here.
Bentley, Bugatti & Rolls-Royce Retailer Announces It's Now Accepting Bitcoin
What happened?
Luxury automobile retailer Post Oak Motor Cars is reportedly the first Rolls-Royce, Bentley and Bugatti dealership in the U.S. to accept Bitcoin and Bitcoin Cash as payment.
Why did they decide to do that?
Tilman Fertitta, the owner of Post Oak Motor Cars, commented that the company decided to provide the new payment option in order to offer their customers "the very best buying experience," as well as enable "anyone around the world" to buy their vehicles "faster and easier." Read more.
Goldman Sachs CFO: Recent Reports About Crypto Trading Desk Is 'Fake News'
What happened?
Goldman Sachs chief financial officer (CFO) Martin Chavez said that recent reports about the company abandoning its plans to open a cryptocurrency trading desk is "fake news."
What does it mean?
Chavez suggested: "When we talked about exploring digital assets [...] it was going to be exploration that would be evolving over time. Maybe someone who was thinking about our activities here got very excited that we would be making markets as principal and physical Bitcoin, and as they got into it, they realized part of the evolution, but its not here yet." Read more here.
Google Adds Ethereum Blockchain Dataset to Its Big Data Analytics Platform
What is this all about?
The Google Cloud team has officially made the Ethereum dataset available in BigQuery, the company's big data warehouse for analytics, after having done the same for the Bitcoin blockchain in February.
What is this for?
According to Google, the BigQuery ETH addition was created to help make business decisions, prioritize improvements to the Ethereum architecture itself — for example, to prepare updates — and balance sheet adjustment. Details here.
Fast & Seamless: The Race for the Cross-Border Payments Market
Why is this important to discuss?
The primary fintech challenger to the reigning SWIFT international payment system has been Ripple Labs. Until recently, IBM announced promotion of its DLT-powered payment system, Blockchain World Wire (BWW), from beta to a ready-for-use product.
Will Stellar-powered IBM transaction system end the era of Ripple's dominance?
It is not yet clear when financial institutions will be able to derive practical benefits from adopting IBM's new product. The market of cross-national, blockchain-powered financial services is far from a duopolistic arrangement divided solely between Ripple and BWW. Read our analysis to find more food for thoughts. | | | | |
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