There is always a new page for a new age. The invention of bitcoin and blockchain technology by Satoshi marked the beginning of a gradual and eventual flip over of the era of fiat currencies and traditional payment systems, just as the emergence of Ethereum signaled the bowing out of traditional financial institutions. The crypto world is currently experiencing the awesome power of the blockchain technology in the numerous tokenized smart contracts being rolled out almost on a daily bases into he crypto and digital currency market, and made possible by Ethereum and other blockchain platforms.
The beauty of blockchain based transactions is the fact that it eliminates third parties, and that makes transactions easier, faster and more private. For these reasons crypto currency is fast gaining acceptance as means of exchange and has so far claimed a significant portion of the global capital market. Despite these gains crypto currency is still not yet a generally preferred means of exchange particularly in formal sectors, and the challenge facing the cryptocurrency community is the issue of high volatility which hinders the formal adoption of cryptocurrencies by institutions and authorities.
It is widely believed that adoption and general acceptability of cryptocurrencies and by extension the blockchain technology will address the issue of volatility and I would like to briefly discuss a few blockchain projects which I think have the potential of making cryptocurrency become the proffered means of exchange in both formal and informal sectors. These projects are:
1. ELECTRONEUM. This project aims to provide a digital coin ETN on the Electroneum blockchain and which could be used for normal transactions including retail payments. The high point of this project is the fact that the ETN coin will be minable on mobile devices and this will attract new crypto users who would love to make extra coins through the mobile miner.
2. BANKERA. A gap obviously exists in conversions and exchanges between cryptos and fiat currencies, and that is what exactly the Bankera project aims to fix. Bankera is a decentralized banking service that will provide a multi channel payment solution through its SpectraCoin wallet, thereby bridging digital curriencies and fiat payment instruments. Hopefully, this project will remove exchange barriers and make cryptocurrencies more flexible and usable in real world transactions.
3. BANKEX. This is another decentralized banking service on the Blockchain. Similar to Bankera above, this project focuses on linking tangible assets to tokens and this will mean the direct intermingling of real world economy with the Blockchain.
4. OPEN MONEY. In my estimation, this project is the most innovative and probably the most penetrative approach to opening the real world to the blockchain. This is because today's world runs on Apps and Softwares and we all make use of them in one way or the other, and the Open Money project is taking the development and distribution of Apps and Softwares to the blockchain. The project which can be found at
http://openmoney.acemlnc.com/lt.php?s=3d2432c58d224797570ad727f28e9b5b&i=68A73A2A450 will also remove usual bottlenecks and difficulties in software project funding and eliminate third party costs and make projects more profitable for developers.
