Finance & Business

Jan 24 2020

Cryptocurrency stocks to buy




Cryptocurrency stocks to buy-Cryptocurrency stocks to buy
Cryptocurrency stocks to buy-Max Keiser Financial War Reports



Waves is block by block building a complete blockchain ecosystem

Sasha Ivanov, CEO of Waves, is for around four years in the blockchain space now: “I have seen various stages of its development, from being some kind of a curiosity for nerds and cryptoanarchists to an almost industry-grade adoption. It is incredible that it took such a short amount of time, in other industries such developments can take a life-time. But the blockchain concept is so disruptive that it just blows you out of the water and speeds up your life forever.”

Blockchain Platform Introduces Proof-of-Asset Protocol to Enable Effective Interbank Exchange

It is already popular knowledge that blockchain technology is revolutionizing the methods of service delivery in any system where data exchange and transactions are involved. Different industries are already affected by this change to different extents, and the financial services systems are among the most affected so far.

Banks are going blockchain

For financial institutions, especially banks to fully implement blockchain services and use it in most of their transactions is only but a matter of time. This is evident in the various adoptions and tests that we have to happen during the year. For example, in July 2017, interbank messaging software, SWIFT announced that 22 additional global banks had joined its blockchain proof of concept (PoC), designed to validate whether the technology can help banks reconcile their international Nostro accounts in real time.

Also in September 2017, the Royal Bank of Canada (RBC), the largest bank in the country, was reported to be trialling blockchain technology for fund transfers to and from the U.S. A trial that was developed over six months at the RBC blockchain development lab in Toronto, which allows the bank to explore the potential of the tech without fully replacing the existing system.

The Proof-of-Asset protocol

In this same mold, a new product that is making its way into the financial industry with the promise of uniting members of the financial markets, not only in cryptocurrencies, is known as Bankex. This blockchain solution unites members of the financial markets to build a community and implement the Proof-of-Asset Protocol that enables community members to profit from the mutual use of assets. This Protocol will also enable a new generation of assets and contracts creating decentralized capital markets.

BANKEX unites decentralized Bank-as-a-Service platforms with FinTech technologies and optimizes the liquidity of non-fungible and traditionally illiquid assets.

In its simplest form, Bankex is defined as Bank-as-a-Service on the blockchain, building the Proof-of-asset-Protocol. BANKEX stands for Bank exchange, to describe a platform where banks can exchange their products.

Considering the changing structure of the financial market, Bankex is primarily designed to enhance banking services and enable a seamless switch to emerging technologies. This is as a result of the acknowledgment that traditional financial technologies are inefficient and are inferior to new blockchain technologies when addressing a large range of asset classes.

This platform also enables off-balance sheet crowdfunding and chain finance atop extant infrastructure, creating novel and efficient solutions for banks and other financial institutions.

Bank-as-a-Service (BaaS)

On a general note, Bank-as-a-Service (BaaS) is a business model that makes it possible to build new financial products that are integrated with multiple existing technological solutions and jurisdictions. On one side of these platforms are originators in various jurisdictions with various technologies, and on the other are fintech-companies wishing to launch a new product or expand to a new market. Bankex enhances a quick and efficient process without the need to work out integration with the legislation of every country and every new bank from scratch. Since the platform already contains technological and legal integration, it can provide access to a new player more cheaply and more quickly.

Apptrade: The Stock Market of Apps

Just like stockmarket platforms, Apptrade provides a platform for investing in next-gen apps that could go viral like WhatsApp, Instagram or Snapchat. The platform provides a market where traders/investors can see potential applications and invest in the apps of their choices. This investment has been made accessible through the use of cryptocurrencies which enables investors from any part of the world to quickly and securely be able to transact with someone 5000 miles away. Apptrade will feature both mobile and computer applications on the Apptrade market platform.

What does ‘Apptrade’ do?

Apptrade is a platform designed to enable application developers trade apps from their portfolios simulating the modus operandi of stock markets. The value of an app in the apptrade market keeps on varying depending on factors like a total number of users, financing so far received for the app and the valuation of the app which shows the app potential if deployed on the mobile app stores. Portfolio of apps have the (more…)

The Future of Money

To say that the future of money is blockchain-based crypto-currencies and payment platforms is to state the obvious nowadays. If this wasn’t the case, then why are Goldman Sachs et al. (i.e. the global too big to fail banks) rushing to patent their own proprietary versions of blockchain technologies? Why are banks investing heavily in companies that are trying to establish a global blockchain platform for banks?

The reason is that banks understand their core reason to exist is threatened by peer-to-peer, decentralized payment platforms and currencies. If payments no longer need to be routed through a centralized trusted institution, then one core function of banks disappears.

If peer-to-peer lending and securitization becomes easier and cheaper due to the blockchain, then banks’ function of allocating capital also vanishes.

Gordon White and I discuss The Future of Money (and its connection to meaningful work) (1:11 hrs; be forewarned we cover a wealth of topics, from philosophy to higher education to gardening to creating value in an economy that is being disrupted.)

Since money–currency that serves as a medium of exchange–no longer needs to be issued by central banks/states, central banks/states are also in danger of being mooted/bypassed as enterprises and people realize they can escape the relentless destruction of their purchasing power by inflation-seeking central banks/states.

If you aren’t familiar with blockchain technologies and crypto-currencies, and how these innovations are disrupting centralized banking and state-issued currencies, here are a few articles to start with:

“The premise of the Bitcoin platform—a decentralized, trustless, replicated ledger of transactions—is the virtual opposite of the centralized, trusted, guarded, model of modern securities processing, which has long relied upon DTCC, among others, as a central authority,” reads a treatise the organization released alongside that canned quote from its CEO. In other words, the DTCC realizes that it’s embracing an existential threat.

All that is needed, blockchain boosters argue, is a “killer app” to find a use for the breakthrough, in the same way that web browsers made the internet useful. Some still think that a currency is the most promising application, but plenty of engineers are throwing other ideas against the wall to see what sticks.

“For an entire industry to be focused on a new technology within three years [of it being known beyond the initial core of enthusiasts] without it actually even disrupting them even 1% yet is an interesting reality,” says Chain.com CEO Adam Ludwin. For instance, he notes that in 2000 the recording companies’ reaction to Napster was not to invest in digital models but instead to sink money into lawsuits.

Nobody can predict precisely how blockchain technologies will disrupt centralized banking and currencies, but we can predict the blockchain will disrupt the current cartel-state arrangement that benefits the few at the expense of the many.

The cartels and state organs are frantically trying to co-op, outlaw, corral or control this disruptive technology. Here’s an analogy: North Korea has managed to co-op, outlaw, corral or control the Internet, and how prosperous and productive is North Korea?

We cannot let the banks and central banks/states co-op, outlaw, corral or control blockchain technologies. If they “win,” our economy will stagnate and the slide to complete implosion will be unstoppable.

The Future of Money (podcast, 1:11 hrs, with host Gordon White)

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Cryptocurrency stocks to buy




SOURCE: http://www.maxkeiser.com/tag/crypto-currency/


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