THELOGICALINDIAN - Big Four behemothic PricewaterhouseCoopers PwC has afresh appear that it is invested in VeChaina blockchain belvedere that focuses on banking casework accumulation alternation administration and acute affairs The move has accustomed the Chinabased cryptocurrency added advertising advanced of its Main Net barrage appointed for the end of June
VeChain Could Gain Widespread Adoption for Its Supply Chain Management Focus
VeChain, which is trading hardly over $5, is currently the 15th better cryptocurrency by bazaar cap, account $2.79 billion, with a circadian aggregate of $145 million. Its accumulation alternation administration focus has admiring the absorption of abounding industries attractive to access the cryptocurrency ecosystem.
It is acceptance in an offline customer appurtenances ambience that will actuate the success of any accustomed cryptocurrency as a agency of exchange. Earlier this year, millionaire Bitcoin enthusiast Tim Draper predicted that in bristles years time, one would be laughed at if she approved to buy a Starbucks coffee with authorization money. Extremely bullish on Bitcoin, he expects added cryptocurrencies to abatement abroad and leave Bitcoin as the standard.
It seems, however, that Starbucks Executive Chairman Howard Schultz doesn’t allotment the aforementioned opinion. He has afresh said that Bitcoin will abort to become a bill today or in the future, but that the bazaar will eventually aces “one or a few legitimate, trusted agenda currencies off of the blockchain technology”. The belief that will lift those few cryptocurrencies amid over 1,600 is offline accumulation consumption.
These cryptocurrencies “will accept to be allowable by a cast in a brick-and-mortar environment, area the customer has assurance and aplomb in the aggregation that is accouterment the transaction”, Schultz explained, abrogation agenda bill investors in chase for specific attributes able of alluring such customer adoption.
VeChain is advisedly congenital to affix blockchain technology to the absolute world, currently with a focus on cold-chain logistics, healthcare, automobile, and fashion. PwC is alone the best contempo ample academy abutting the project.
Many added companies are demography an offline access to cryptocurrencies as a agency of exchange. Tangem has launched a balloon version of its acute banknote belvedere in Singapore. The card allows brick-and-mortar affairs with an uncopiable algid wallet.
South Korean cryptocurrency barter Bithumb has additionally confused to the absolute apple by partnering with mobile acquittal abettor Korea Pay’s Services in an attack to reach over 8,000 merchants across the country by the end of the year. The abettor additionally partnered with three kiosk manufacturers in February to add cryptocurrencies as a new agency of payment.
There are abounding use cases for cryptocurrencies and ‘means of exchange’ is one of them. In case Starbucks’ Schultz is appropriate about Bitcoin accident the ‘currency race’, Tim Draper still stands to gain. His VC armamentarium is action on abounding abeyant winners, including VeChain.
