What contribution are blockchain technology and cryptocurrencies already making in global payments today and where will they go in the next few years? The new Ripple report provides information.

Ripple has in the current Blockchain-in-Payments-ReportFocused on the state of the art in blockchain technology and the added value of digital currencies in cross-border payments. The diagnosis: You are on the right path, but still have a long way to go.

According to the Ripple report, for which 854 participants from 22 countries were surveyed, the demand for digital payment solutions has risen continuously over the past five years. At the corporate level, cryptocurrencies are increasingly seen as a “viable option” “to increase the speed and efficiency of cross-border payments”. At 99 percent, the overwhelming majority of respondents said that crypto assets could optimize payment transactions – an increase of five percent compared to 2018.

The News Spy for this can be of different nature. Some companies emphasize the advantages of blockchain technology in payments, such as real-time transactions or the financial inclusion of disadvantaged population groups, while others emphasize the potential for opening up new payment channels and company expansion in other countries.

Ripple: Blockchain is a win-win situation

Not surprisingly, interest in digital payment solutions is highest among early adopters. But at 82 percent, the interest in the use of digital assets among companies that are not involved in any pilot project or proof-of-concept is extremely high.

Blockchain-based payment systems do not only have added value for companies. They are a win-win situation for customers and providers alike. As a result, nearly half of the respondents believe that “digital assets add value to their customers”. After all, there are the same advantages for customers as for companies: Cross-border transactions at low cost in real time. The additional costs usually passed on to customers, which arise, for example, when monetary values ​​are transferred between financial institutions, are eliminated through the use of appropriate payment systems.

No matter what, the main thing is digital

When asked about the most suitable means of payment, however, preferences have shifted since the last survey in 2018. While the top 3 of the largest cryptocurrencies by market capitalization led the ranking of the most popular assets two years ago, digital versions of local currencies are increasingly moving onto companies‘ wish lists.

These can be digital central bank currencies (CBDC), or stable coins covered by fiat reserves. While Bitcoin and Ethereum in particular have fallen in favor, the desire for cryptocurrencies that are issued by government institutions has become louder in recent years.

Il Bitcoin è sceso di oltre 300 dollari in circa un’ora ed è sceso sotto gli 11.300 dollari. Le monete alternative lottano ancora di più perché il rosso domina il mercato.

Il Bitcoin continua a lottare ed è sceso di un altro 1% a circa 11.300 dollari. Le monete alternative si sono dissanguate e hanno cancellato la maggior parte dei guadagni recenti. Questi sviluppi potrebbero essere attribuiti alla notizia che la popolare borsa valori OKEx ha sequestrato i prelievi e sta collaborando con un „ufficio di pubblica sicurezza nelle indagini ove necessario“.

Bitcoin perde un altro 1%

Come riportato qualche giorno fa, la crittovaluta primaria ha segnato un massimo di 5 settimane di circa 11.700 dollari. Da allora, però, il valore del Bitcoin Revolution è andato lentamente diminuendo. Le ultime 24 ore sono sembrate piuttosto promettenti. BTC ha registrato un massimo intraday di circa 11.600 dollari qualche ora fa. Tuttavia, gli orsi hanno preso in mano la situazione e hanno portato il patrimonio ad un nuovo minimo giornaliero di 11.250 dollari.

Il forte calo dei prezzi è avvenuto all’incirca nel momento in cui la popolare borsa valori digitale OKEx ha annunciato il sequestro dei beni. La Bitcoin ha spinto verso l’alto nelle ore seguenti e attualmente supera gli 11.300 dollari. Tuttavia, i dati della scala delle 24 ore rivelano che BTC è in rosso con una leggera flessione.

Vale la pena notare che, nonostante il calo dei prezzi, il Bitcoin è rimasto al di sopra del primo supporto significativo a 11.200 dollari. Se BTC dovesse scendere al di sotto di esso, le seguenti linee di supporto sono a 11.150, 11.050 e 11.930 dollari.

Se Bitcoin dovesse invertire la rotta e dirigersi verso nord, dovrebbe superare la resistenza a 11.450 dollari prima di sfidare potenzialmente 11.600 e 11.800 dollari.

Altcoins calo di valore

La maggior parte delle monete alternative ha una situazione peggiore di quella della BTC. L’etereum è saltato a 385 dollari qualche giorno fa, ma ora fa fatica a rimanere sopra i 370 dollari. Su una scala di 24 ore, l’ETH è sceso dell’1,5%. Ripple ha problemi a mantenere il suo livello di prezzo oltre 0,24 dollari dopo essere sceso del 2,5% in un giorno.

Polkadot (-4,5%) e Litecoin (-4,4%) hanno perso il maggior valore tra le prime dieci monete. Il DOT ora commercia sotto i 4 dollari, mentre il LTC è a 47 dollari. Anche Bitcoin Cash (-1,5%), Binance Coin (-1,5%), Chainlink (-2%) e Cardano (-2,2%) sono in rosso.

Il club di riduzione dei prezzi a due cifre ha diversi rappresentanti. Arweave guida questa tendenza negativa con un calo del 24%. OKB segue con un calo del 14% dopo la dichiarazione di OKEx di cui sopra. Seguono i diritti di riserva (-13%), il protocollo NEAR (-12,5%), CyberVein (-11%), HedgeTrade (-10,5%), Aave (-10,5%) e NXM (-10%).

Dopo il lancio su mainnet e le quotazioni su diverse borse importanti, tra cui Binance, Gemini, Kraken e Huobi, Filecoin è salito alle stelle di oltre il 100% a 62 dollari. ABBC Coin è un altro impressionante gainer con un aumento del 23%. Su scala settimanale, la performance di ABBC è ancora più notevole – 102% in più.

The market has grown around the world, but in Brazil some barriers may be dismantled in order to flourish in this sector.

Buy a digital piece of a physical product and even get an income from this investment. This is the concept of tokenization, which can even impact the real estate sector in Brazil and contribute to the future of investors.

In recent years, cryptomaps have become part of the financial news. With unprecedented innovations, the significance of investments has changed over the past eleven years.

With the emergence of Bitcoin, and consequently of blockchain, the world has gained a new experience. In this sense, tokenisation may be a trend for the coming years.

Brazil may have token properties in the future, as is already seen in other parts of the world

The world is going through a unique moment in 2020, especially with the new coronavirus pandemic. The arrival of a dangerous new virus has led many businesses to go digital.

This process has been driven by governments and private companies, including in the real estate sector. Speaking on the subject, Meetup Bitcoin São Paulo conducted a debate with Rubens Neistein last Saturday (26). He, who is the CEO of BlockMaster Brazil and co-founder of the start-up BlockImob, is a specialist in real estate tokenization.

With the theme „Blockchain and the Future of the Real Estate Market“, Rubens has been dedicated to work for the sector and could share a little of his experience. According to him, „the possession of a token gives its holder specific rights within that network of users“.

The specialist pointed out that the real estate market is now one of the largest in the world in terms of market value. With US$ 217 trillion in value, this is the largest market in the world today, he said.

However, the real estate market offers many resistance to investors. Liquidity, for example, is one of the problems of this market, in addition to the high cost of negotiating a property.

The future of property should be made by „Security Tokens“.

According to Rubens, the future of the property will be via tokenization of the properties. With the use of so-called security tokens, people will be able to have more liquidity and less bureaucracy in real estate negotiations.

Citing examples of real estate negotiations that use tokenization today, Rubens presented flats and houses around the world. In this way, investors interested in buying one meter of a flat, or two meters of a house, can easily make the investment.

This new technology even allows people to earn an income if the property is rented out. This proposal is different from real estate funds and allows investors to have direct access to the properties of their interest, including with their digital possession.

Some obstacles for the scenario to flourish in Brazil are still the regulation of these investments. However, Rubens said that the CVM is already looking into the matter and should take a legal stand.

Tokenization has been common in the investment business, and even a Ferrari was tokenized recently. The specialist said that shares, roads, among others, could be tokenized in the future. The main cryptomeda for tokenization is Ethereum.

Finally, it is worth noting that in Brazil the sale of real estate by cryptomoeda has skyrocketed. As Livecoins recently found out, a broker has made more sales by accepting these coins.

A rapid expansion has given rise to a host of yield farm opportunities for investors looking to earn a return on their crypto assets.

One of the most popular DEXs of the year turned out to be Uniswap, which provides an AMM system for breakage-free token exchanges

DeFi’s liquidity providers flocked to Sushiswap, which offered better returns than Uniswap, which was behind the concept.

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Decentralized Finance (DeFi) has grown from humble beginnings, with less than $ 700 million in total value stranded across all platforms in January 2020, to a thriving ecosystem of over $ 10 billion in TVL (total value stranded) in September of the same year.

This rapid expansion of over 1,300% has spawned a host of yield-farm, or cash-flow, activity providing opportunities for investors to earn interest on their crypto assets. It also gave birth to a number of decentralized exchanges (DEX). On these, traders can trade tokens on a peer-to-peer (P2P) basis without any company taking a margin or commission.

The nature and ethics of many of these DeFi protocols mean that they are based on open source code. This allows anyone to access their smart contracts and branch off the platform, known as a “fork”, or even just clone it entirely to launch their own version.

One of the most popular DEXs of the year is Uniswap, which provides an Automated Market Maker (AMM) for seamless token trading. The success was such that it was branched off in August to create the SushiSwap fork, which managed to drain it of its cash in the weeks that followed.

A presentation of Uniswap

To understand what SushiSwap is and how it works, one must first have some knowledge of Uniswap, from which it was created at the end of August 2020. Uniswap uses an AMM that works with algorithmic equations to dynamically calculate the swap rate based on token supply and demand, and liquidity on the platform.

Users can also provide liquidity to the platform in order to earn a share of the 0.3% transaction fee that Uniswap charges. However, these rewards can quickly wear off when the whales also join the pools with their heavy bags of assets.

SushiSwap wanted to improve this situation by offering more than just a reduction in transaction fees. It also offered a token called the SUSHI to encourage liquidity providers and, at the time, Uniswap had not yet launched its own token, the UNI.

Brief history of Sushiswap

SushiSwap started to gain momentum around August 28, when the crypto community on Twitter awakened to the idea of ​​using tokens from Uniswap’s liquidity providers to deposit them on a fork platform offering cash. much higher returns. Some industry experts then called it “ vampire mining ”.

The initial ad explaining how it works was released on August 26, but has since been withdrawn after the big upheaval of the next two weeks. The revised version of this announcement was posted here on September 9.

This DeFi clone initially offered three liquidity pools (SUSHI / ETH, USDT / ETH, USDC / ETH, using UNI-V2 LP tokens). At the time of writing, these pools stood at 19. Unlike Uniswap, liquidity providers could continue to collect part of the protocol fees, accrued in SUSHI, even if they decided to no longer participate. the provision of liquidity.

During the first two weeks, ten times the amount, or 1000 SUSHI tokens, were awarded per block. The SUSHI / ETH pool received an additional multiplier of two to encourage more liquidity. In addition, a 0.25% commission was paid directly to active liquidity providers, while the remaining 0.05% was converted back to SUSHI and distributed to token holders.

The big plan was to collect all this cash and transfer it to its own platform after the two weeks expired. It worked, and SushiSwap managed to amass over $ 1.2 billion in cash in the days that followed.

By Tuesday, September 1, those “worthless” SUSHI tokens had gone from zero to over $ 11 in just four days and the yield farm frenzy was in full swing. The movement of cash was equivalent to roughly 80% of the cash on Uniswap, which moved in just 96 hours after the SUSHI Rewards launched.