Ethereum To Be The Next Apple

Steve Wazniak the co-founder of Apple made this bold prediction in WeAreDevelopers conference in Vienna.

He later stated that he is interested with the nascent technology because it can do things and it is a platform.

Wozniak has long been a fan of bitcoin and other cryptocurrencies particularly bitcoin for its utility as a store of value.

He favors it over Gold in fact and sees it as more fine and regulated that cannot be altered by anyone.

However he divested most of his holdings after realizing that he is spending too much time and energy following its volatile price movements he continues to hold one bitcoin and two ether to experiment with the technology and not for speculative investments.

Central Bank Of Norway Looking Into Developing Digital Currency

Norges Bank, the Central Bank of Norway is looking into cryptocurrency as it considers developing its own digital currency to supplement cash in order to ensure the confidence in money and the monetary system.

There three things it wants to consider in issuing a Central Bank Digital Currency (CBDC): As an alternative to private bank deposits, a supplement to cash and an independent backup solution for electronic payments systems.

Other European countries are also considering issuing similar digital currency such as the e-krona in Sweden.

Philippine UnionBank Mining Equipment

One of the largest bank in the Philippines have shown its mining equipment as a show of its receptiveness to this nascent industry.

However the bank admits that not until the business conference did it involved in the crypto mining activities.

They believe the virtual currencies will persist getting the interest of both small and large global businesses.

This is not the first time the bank has shown interest in the said technology.

It has been said that UnionBank and Visa has partnered together to have launched a Blockchain-based payment system that does not involve cryptocurrency.

Although it does not involve cryptocurrency it is still noteworthy that Philippines continue to invest in its technological development.

Former Visa Executive To Lead Crypto Startup

Marc O’Brien, the former CEO of Visa UK and Ireland will be the new CRO of crypto startup Crypterium.

Dubbed as the world’s first mobile crypto bank and was designed to enable its users to easily spend crypto similar to cash and credit.

It issue its users virtual cards they can link to Apple Pay, Samsung Pay or Google Pay and it can also be used to pay NFC terminal or by scanning the QR codes.

It will also offer its users loans. The company have raised more than $51 million in its ICO back.

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