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November 27, 2020
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Blockchain, the technology behind Bitcoin has formed many other applications. It is going to change the future landscape of commerce. According to Bitconch – Blockchain’s future lies in distributed commerce. However, before discussing this in detail, let’s explore Bitconch and Distributed Commerce.
Blockchain technology is a very secure and decentralized system. Data storage and use are very quick and safe. It is very difficult to delete or alter data. In other words, Blockchain technology is now under use by different types of industries. Blockchain technology is going to revolutionize 
e-commerce and distributed commerce. Transparency is a unique feature of Blockchain. Bitconch is such an application for making commerce easier.
e-commerce and distributed commerce. Transparency is a unique feature of Blockchain. Bitconch is such an application for making commerce easier.What is Bitconch?
Bitconch is a 3rd generation distribution ledger system. The head-quarter of the Bitcoin chain is in Shanghai, China. Bitconch chain uses innovative evidence of reputation agreement algorithm. Above all, this technology put forward a novel solution that empowers Blockchain technology. Bitconch chain uses mathematical models to run this technology. It helps in bringing a decentralized and distributive reputation system. In turn, it helps to change the above stuff into the reputation value of every single user. The reputation of users is going to be a game-changer in distributed commerce. In other words, if the user’s reputation is more, then the transaction cost will be low or sometimes zero.
The term for high-reputation users is “Mutual Trust Nodes”. They can start their own “payment channels”. Therefore, they can make a speedier offline transaction via micro-transactions.
Distributed Commerce
Customers can buy what they browse and found. They don’t have to leave their browsing page or platform. It is a kind of personalized platform. It permits retailers to reach and get their customers by using apps. Above all, users can buy whatever they see with one click.
Bitconch’s Plan for Distributed Commerce
Bitconch has recently launched BR Play, its distributed commerce product. It believes that the future of Blockchain lies in distributed commerce. Bitconch is well known public Blockchain. In addition, a distributed
business application is its main focus. Above all, it has approval from the government of the People’s Republic of China.
business application is its main focus. Above all, it has approval from the government of the People’s Republic of China.Bitconch was the 5th in Forbes’s “Top 10 Blockchain companies to watch for in 2019”. In conclusion, Bitconch was the lone public Blockchain featured in the list.
The mainstay of distributed commerce is impartiality, co-creation, sharing, and co-building. Distributed commerce runs using Blockchain technology along with AI. It also takes the help of big data and a few other technologies. In addition, it offers opportunities to small business players in a larger business ecosystem. Therefore, distributed commerce is going to win the trust of common people in the future.
In the past, the performance of any company was dependant on internal employees. In distributed commerce, the customers will influence the functioning of a company. However, how well a company is doing? Here, the consumer is not a normal consumer. Apart from being a consumer, he is also an investor, promoter, producer, and beneficiary.
Distributive commerce has several benefits over traditional commerce. Therefore, it is going to transform the future business environment.
November 26, 2020
The Blockchain technology is behind the functioning of Cryptocurrencies like Bitcoin. It is in the news, yet again. Blockchain has emerged as a new-age technology with a variety of applications. We have seen its use in defense systems. It is also used in supply chain management, banking, and the electoral system to name a few. In addition, it’s the turn to use Blockchain in health management, more particularly to combat COVID-19.
The pandemic has engulfed the whole world during the last year. It has taken thousands of lives and shattered and shuttered the entire globe. After that, people have been in home isolation. Above all, the businesses, industries, and public activities are almost stopped. Because of the severe 
economic crisis, countries are opening up now. Till now, no foolproof medicine or vaccine is available to fight COVID-19. Without mass vaccination, it is difficult to control the spread of the virus. Without vaccination, normalcy is not going to come back.
economic crisis, countries are opening up now. Till now, no foolproof medicine or vaccine is available to fight COVID-19. Without mass vaccination, it is difficult to control the spread of the virus. Without vaccination, normalcy is not going to come back.In many countries, scientists and medical professionals are busy developing vaccines for COVID-19. At least a dozen Medical Labs have claimed their advancement in vaccine development. Two to three labs are claiming to have done with it. Above all, they are ready to market the product soon, possibly in the next three to six months.
But, for successful vaccination, there is a need for an effective supply chain. In other words, a well-organized supply chain can ensure a smooth supply of vaccines to each one of us. There is a need for quickness in the distribution of vaccines. The creation of a database of all stakeholders is also essential. It would ensure smooth monitoring and management of the vaccination process.
Blockchain Application in COVID-19 Management
The development of the COVID-19 vaccine is in the advanced stage. Some claim its arrival by the year-end. However, the next challenge is the management of the supply chain. It is a complex supply chain where the number of stakeholders is high. Acceptance of error is almost zero. In addition, it requires a huge data exchange, easy accessibility, transparency, and usability.
Several governments and medical laboratories are considering using Blockchain in combating COVID-19.
The vaccine supply chain is consisting of different stages. The stages are the development of the vaccine, storage, packaging, and cold-chain transport. Few more stages are the national and international delivery and distribution.
Why Blockchain?
Blockchain technology 
has several unique advantages. Now here are some notable advantages of Blockchain in its application in COVID-19.
has several unique advantages. Now here are some notable advantages of Blockchain in its application in COVID-19.- Blockchain would ensure quick communication among all stakeholders when an epidemic strikes
- Effective Patient Consent data management is possible.
- A decentralized database would help connect all stakeholders in a single network
- The tracking of vaccine distribution could be helpful for pharmaceutical companies.
- A high level of transparency is possible in Blockchain-based applications.
- Communication among parties becomes easier.
- The storage of data here is secure and it is difficult to delete.
- Ensures quality control
- Blockchain can ensure a fair, transparent, and democratic process.
- Blockchain will record transactions made between 2 parties in an organized way.
November 24, 2020
Bitcoin is continuing to march ahead by reaching $18,000 per Bitcoin recently. On 18th November, it has crossed this mark which is the highest mark after the last boom in December 2017. The upsurge is 150 % more than what it was in the last year. The Bitcoin boom was last experienced in 2017. At that time it reached near the $20,000 mark. Cryptocurrency experts are predicting the repeat of history by the end of the year.
There are speculations about Bitcoin’s leap. The digital currency tends to volatility.
Growth and Speculations
Since its inception in 2009, Bitcoin, the world’s first Crypto has been erratic in its growth. But it has never come to a situation like this. It has a strong foundation in Blockchain technology. 
Although it’s a virtual new-world currency it has better features than physical currencies. No other currency can match Bitcoin. This includes the speed of transaction, transparency, easiness, data security, and decentralization.
Although it’s a virtual new-world currency it has better features than physical currencies. No other currency can match Bitcoin. This includes the speed of transaction, transparency, easiness, data security, and decentralization. A person or a group of persons formed Bitcoin. However, it is still a mystery surrounding the originator. But the idea was clear and the concept was logical. Blockchain is the most important driving factor for Bitcoin. However, right from the start, there were speculations, uncertainties, and above all controversies. Till now only Mexico and a few handfuls of countries have given it proper recognition. The digital (virtual) programming base has kept away any third-party intervention. Though the governments have been distancing themselves from it.
However, with time, Bitcoin is gaining confidence among governments and companies. This includes financial institutions, banks, die-hard investors, and common people. Due to its inherent advantages, it is being accepted by many stakeholders now.
Why Bitcoin Price is Rising?
Bitcoin is the first Cryptocurrency in the world. It is also the most popular virtual currency is rising. It is not at all a new phenomenon. We have seen such a kind of upsurge in 2017 and a few instances before. Since the launch, Bitcoin has witnessed ups and downs in its price.
But post-March ‘2020 the price of Bitcoin is skyrocketing. There are several reasons behind such growth. But what factors are driving this exceptional growth? Many factors are responsible for the climb in the price of Bitcoin.
We may classify the factors into two sets. The first set comprises of those factors that are regular and historical. 
These are very generic to the Bitcoin boom. The second factors are the recent circumstances. These are accelerating the price of Bitcoin in 2020.
These are very generic to the Bitcoin boom. The second factors are the recent circumstances. These are accelerating the price of Bitcoin in 2020.Factors Behind the Rise
Bitcoin is running because of Blockchain. The technology is on decentralization, transparency, and peer-to-peer transactions. It is not controlled by any government, financial authority, or bank. It is free from any intervention from any authorities. Of course, governments can ban or limit the acceptance of exercising their authority. No third-party regulates the functioning of Cryptocurrencies like Bitcoin. It is highly transparent and the data stored in blocks are not possible to delete. Users can access their transaction history very easily. They can make transactions very quickly in any part of the world.
The upsurge of Bitcoin in 2020 is very different from the earlier picks. Many big corporations have been embracing Bitcoin. It has started in 2018 but picked up in 2020. DBS Bank and China Construction Bank (CCB) have jumped into the crypto world. PayPal has entered the zone with its huge customer base across the world. It seems that the upward trend is going to be there in 2021.
November 20, 2020
Bitcoin price is shooting up in 2020. It is reaching new heights now rallying since March this year.
The price of this digital currency has been fluctuating. We have seen a rise and fall in Bitcoin price throughout its history.
As of November 19th, the price of one Bitcoin is $18,114.48. In March it was about $5,000 when the market nosedived. According to crypto pundits, the Bitcoin price may reach the $20,000 mark by December end.
The Prediction: $20K in 2K20
Bloomberg Research in its Bitcoin Report:2020 has a prediction on Bitcoin price. According to the premier research institute, the price of Bitcoin will see a new height of $20,000 by the end of the 
year. McGlone from Bloomberg Research has opined that the Bitcoin price will touch $100,000 by 2025.
year. McGlone from Bloomberg Research has opined that the Bitcoin price will touch $100,000 by 2025.Reasons behind Bitcoin rise
Sound technical structure
Bitcoin is operated by a technology called Blockchain. The design of blockchain technology aimed to make Bitcoin functional. The technology later started getting attention for its use in several other industries. This sound technical structure is one of the main reasons for Bitcoin’s acceptance. Blockchain is a secure and decentralized system where peer-to-peer transactions take place.
Economic slowdown
The year 2020 has been witnessing a global economic slowdown. The sluggish economic trend that started in the last few years is continuing. The origin of Bitcoin was due to the global financial crisis. So people and companies are feeling safe to invest in Bitcoin. For them, Bitcoin is a “haven” for investors.
COVID19 impact
The pandemic has affected global finance. The already sluggish global economy got further blow due to COVID19. The world remained standstill for one year. The light has not ended yet. Most of the economic and industrial activities are facing problems. Due to this, investors are getting attracted to Bitcoin. For them, it is an alternative investment avenue.
Big Corporate, Banks embracing Bitcoin
In 2020 we saw many big corporate and banking institutions embracing bitcoin. Some reputed brands who are into the crypto market are Amazon, BMW, Google Microsoft. Some other reputed brands are DBS Bank, Credit Suisse, Citigroup, JPMorgan, and, Square.
In 2020, many new corporate/ banks have joined the band. We may recall brand names like PayPal, DBS Bank, and China Construction Bank (CCB). These big entries have a positive effect on the rising of Bitcoin.
Further Reasons
PayPal enabling Cryptocurrency purchases
PayPal’s 
crypto entry has given a new boost to Bitcoin. PayPal has a huge customer base and operation in more than 200 countries. As of June 2020, it has 346 million active PayPal accounts worldwide. The news of PayPal’s crypto indulgence had made Bitcoin jump from around $12,300 to $12,900.
crypto entry has given a new boost to Bitcoin. PayPal has a huge customer base and operation in more than 200 countries. As of June 2020, it has 346 million active PayPal accounts worldwide. The news of PayPal’s crypto indulgence had made Bitcoin jump from around $12,300 to $12,900.Bitcoin is a safe-haven
Bitcoin is a “safe haven” for investors. Many companies and banks invest in Bitcoin as they feel it is safe and secure. There have been many illegal financial transactions done through Bitcoin by rackets/ gangs. They try to be aloof and avoid security scrutiny.
Bitcoin’s dominance over other currencies
Bitcoin has been performing better than all other alternative Cryptocurrencies. Bitcoin Cash, Litecoin, Ethereum, Ripple, Stellar, NEO, etc are far behind bitcoin. This phenomenon is also giving rise to Bitcoin price.
November 18, 2020
Bitcoin is marching ahead like never before. In 2020 the popularity of Bitcoin is skyrocketing. Large institutions from around the world are embracing Bitcoin. The world’s first Cryptocurrency has emerged as an alternative avenue for investment. The new member of the crypto club is China Construction Bank (CCB).
It’s not that, price-wise Bitcoin is at the highest point now. It had reached the highest point in late 2017 when the price was around $20,000. The bitcoin price has been swinging since its origin. By 
April 2020, the average figure for the Bitcoin price was $7,000. We have to recall that the price of Bitcoin was only a few dollars after getting launched in 2009.
April 2020, the average figure for the Bitcoin price was $7,000. We have to recall that the price of Bitcoin was only a few dollars after getting launched in 2009.In 2020 the price is booming in recent months and expected to reach the $20,000 mark very soon. This year we are also witnessing the entry of big businesses into the crypto market.
Large Corporate Jumping Crypto Market
Before discussing the CCB’s entry into the crypto market, let us look at the past developments. Many noted corporates from across the globe are embracing bitcoin. Toyota Systems has partnered with DeCurret, to start a Toyota virtual currency. The Robinhood trading app and Square are already into the Bitcoin domain.
Large Banks are Eying Crypto
Big financial institutions from around the world are now eyeing the crypto market. They are into an experiment with Bitcoin and invest in it. We may recall the recent entry of DBS Bank of Singapore. DBS is planning to launch a Cryptocurrency exchange.
The Bank of America is already investing a lion’s share in Crypto and Blockchain. Citigroup is experimenting with the technology to manage credit default exchange. Switzerland’s number one bank UBS has been at the forefront in endorsing Blockchain. In 2016 the Bank of England started to get into the crypto world. They had launched a crypto accelerator. They have a plan to launch the Bank of England Crypto Coin as well.
PayPal along with its partner Paxos Trust Company has jumped into the crypto market. A large number of PayPal users would be able to buy, sell, and exchange Cryptocurrencies.
Another huge bank from Europe, BBVA has invested in Cryptocurrency. The Spanish financial institution 
is planning to use Blockchain technology. Visa teamed up with Ternio is all set to help Cryptocurrency companies. UK-based banking platform Cashaa and The United Multistate Credit Co. Operative Society of India are also entering the crypto domain.
is planning to use Blockchain technology. Visa teamed up with Ternio is all set to help Cryptocurrency companies. UK-based banking platform Cashaa and The United Multistate Credit Co. Operative Society of India are also entering the crypto domain.The entry of China Construction Bank
China Construction Bank (CCB) is planning to raise $3 billion using Blockchain technology. CCB has join forces with Fusang in this regard. CCB has created an SPV (special purpose vehicle). The aim is to issue the “Longbond.” Crypto enthusiast’s investors can buy virtual tokens on the said exchange. To buy digital tokens investors can use Bitcoin or dollars. To attract more investors CCBis allowing investment of small amounts like $100. CCB is ensuring that tokens get backing from its deposits at a branch in Labuan. According to Fusang, Blockchain technology will be the backbone of the ownership records.
Bottom-line
It is yet another page of success in the Bitcoin popularity book. CCB’s entry would amplify the acceptance of Bitcoin by top businesses as well as small investors. Many more banks and other institutions are going to join the crypto world.
November 17, 2020
Blockchain technology has great potential to help in dealing with climate change. The technology came into being to make Bitcoin functional. In addition, Bitcoin is the first Cryptocurrency that exists in digital or virtual form. Later the technology found useful applications in several other industries.
Blockchain technology is a system that is not centralized, immutable, secure, and transparent. The new-age technology is now going to confront climate change. Therefore, it has the potential to improve global collaboration for climate action.
Climate Change
Climate change describes a change in the average conditions in a region over a long period. Rapid urbanization and industrialization have affected the climate. However, like every other thing, the climate also changes. 
A significant change in weather patterns can happen. But a more pressing problem is climate change happening due to human actions. Large-scale industrial activities and increased use of vehicles have affected climate. In conclusion, all these activities have led to global warming.
A significant change in weather patterns can happen. But a more pressing problem is climate change happening due to human actions. Large-scale industrial activities and increased use of vehicles have affected climate. In conclusion, all these activities have led to global warming. Recognizing the need of the hour, climate change issues are being addressed now. The UNO, governments, corporate, industries are now showing their concern towards it. Many regulations, international understandings are in place. Innovative technical and managerial techniques can tackle climate issues.
Blockchain technology fights climate change
Blockchain technology has great possibilities in targeting climate change issues. As per Stefan Rust, blockchain can contribute towards ESG. E.S.G. stands for ecological, social, and business governance. Stefan Rust, currently the CEO of Sonic Capital and a former CEO of Bitcoin.com is very optimistic about it.
Rust has recently made it public about the launching of his new venture Sonic Capital. The 8-year fund is searching for start-ups that use blockchain to battle ESG issues. Recently, in an interview, Rust has opined that “ESG is incredibly essential. We have an environment, we’re surviving on this world and we’re having a hard time residing in this world and we’re moving towards the days of Blade Runner.
Blockchain technology can deal with a large amount of data. It also helps in transparent transactions of all kinds of emission specific data. The data stored in a shared global platform can make things easier.
Blockchain 
assured transactional security. It also helps with data reliability, security, and management. Blockchain-enabled “smart contracts” among the stakeholders would be beneficial.
assured transactional security. It also helps with data reliability, security, and management. Blockchain-enabled “smart contracts” among the stakeholders would be beneficial. It is a powerful technology to makes certain that agreed parties obey the rules. This feature of Blockchain advances agreements made by nations in climate change summits.
A new age governance system is the need of the hour to tackle climate change issues. A governance system that is agile and scalable. It could be possible by blending Blockchain with other digital technologies.
Bottom-line
Blockchain technology has many applications that can tackle climate change. Therefore, it could prove to be a panacea in the fight against climate change. The technology can bring climate change key players closer. Reforms in governance are also passable by using Blockchain. It has an array of applications that are beneficial in tackling. climate change. Blockchain technology will be able to fight climate change problems in the future.
November 12, 2020
PayPal has made its entry in the cryptocurrency market recently. Now, PayPal account holders would make cryptocurrency transactions on the platform. Above all, the popular payment platform is working towards offering an array of crypto services. It is planning to start its crypto journey from US customers.
PayPal Holdings, Inc. is a US-based online payments company having a global presence. It provides different financial services. For instance, the services include online money transfers, P2P payments, and digital payment services. Users can have debit card accounts. It is an established company that has revolutionized digital transactions across nations.
PayPal Entry into Virtual Currency Market
In October, PayPal announced to provide its crypto services to selected customers. They have the option to buy, sell, and hold different cryptocurrencies. According to PayPal, 
customers can store cryptocurrencies in their PayPal digital wallet.
customers can store cryptocurrencies in their PayPal digital wallet. The company would deal with Bitcoin, Bitcoin Cash, Lite Coin, and Ethereum. In other words, buyers would be able to sell back their surplus currency to PayPal.
PayPal’s entry has made a positive effect on the price of Bitcoin. It has also inspired and influenced other big companies to embrace cryptocurrency.
PayPal’s Crypto Plan
PayPal has already acquired the first provisional cryptocurrency license from the concerned authority. In addition, PayPal has tied up with Paxos Trust Company to offer its services and spread its crypto business.
They are experimenting with chosen US-based customers to start with. They have the plan to extend their services to all customers of the US in the next few weeks. After that, in the coming year, they would scale up their operation to other countries.
Security concerns
PayPal is taking cryptocurrency to the masses. However, experts are apprehensive about the move. The main concern is the security issues. Some notable issues are frauds, thefts, malware stealing, phishing, unauthorized mining, etc.
Experts are of the opinion; PayPal may fail to address these security issues. To deal with masses means to deal with messes. There will be thousands of new crypto users who may misuse the services. Therefore, novice users may expose themselves to become victims of malpractices.
PayPal
is planning to educate the account holders on the basic crypto ecosystem. New users can brush up their know-how on the risks and prospects associated with it.
is planning to educate the account holders on the basic crypto ecosystem. New users can brush up their know-how on the risks and prospects associated with it.In past, top-notch crypto exchanges have burnt their fingers over the security aspects. They have encountered cyber-attacks from hackers. The hackers try to get into internal networks to ransom users’ digital currency.
PayPal is offering non-custodial service to users. Users can transfer their cryptocurrency to other platforms. They can also withdraw and use currencies for all kinds of payments.
Bottom-line
Experts hold different opinions on the security issues about PayPal’s move. Some argue that virtual currencies are volatile and unregulated. Smallholders may face security issues when they navigate their holding between exchanges. Others opine that the security issues will be always there as it is in fiat currencies. The account holders can address these issues only by cautious transactions. We have to wait and watch how PayPal is managing their crypto affairs.
November 11, 2020
The Indian Cryptocurrency industry is witnessing continuous growth in recent times. Irrespective of uncertainty around cryptocurrency, its popularity, and followers are increasing. India is a big market with pro-savings people. There no wonder many crypto firms from India and abroad are making their presence felt. Regulators are hesitant to engage with the crypto industry.
Expanding Indian Crypto Industry
Cashaa has tied-up with Indian organization the United Multistate Credit Co. Operative Society. They have launched crypto banking services for the Indian market. This news has sent a positive signal to the Indian crypto community. Crypto enthusiasts are very optimistic about their future in India. Cashaa and co have formed a dedicated crypto banking company named Unicas.
Unicas is going to start its operation through thirty-six branches now. It has planned to scale up in 2021 when it will have 100 branches across India. They will offer an interest in crypto deposits. 
Customers can open accounts with them for storing and transacting cryptocurrency.
Customers can open accounts with them for storing and transacting cryptocurrency.It is notable here that the Reserve Bank of India (RBI) had banned cryptocurrency in 2018. There was an allegation of fraudulent financial transactions. Latter the crypto-fans had taken the ban issue to the Hon. Supreme Court of India. In March 2020, through a ruling, the apex court ended the ban on the digital currency transaction in India. A series of lockdowns and shutdowns followed owing to the COVID 19 pandemic. People are now getting to know about digital currency. This is majorly due to slow economic growth.
Launching New Crypto Firms and Entry of Big brands
Global crypto-centric brands are entering the Indian market. any big companies from India are also embracing cryptocurrency now a day. Crypto is attracting companies for its liquidity. The growing demand for Bitcoin allures companies to consider it as a safe haven to invest. Binance, the Malta-based exchange has taken over the Indian crypto firm WazirX. Bain & Company is now funding India’s largest cryptocurrency exchange CoinDCX,
Polaris Capital is investing in the Indian crypto market. The Indian corporate giant Tata Consultancy Services has launched its Quartz Smart Solution. The smart solution provides financial aid to institutions. In turn, the institutions offer a cryptocurrency trading facility. PayPal has also entered the crypto world globally. PayPal will have its crypto operation in India as well.
Singapore-based Bank DBS has entered the crypto market recently. After that many Indian baking institutions are considering following the path of DBS.
The Reluctant Regulators
In cryptocurrency maters, regulators in India are keeping themselves at distance. The Supreme Court of India has 
allowed the transaction of cryptocurrency in India. Still, the regulators are not interested to get indulged in crypto matters.
allowed the transaction of cryptocurrency in India. Still, the regulators are not interested to get indulged in crypto matters. The authorities have not yet formulated any regulatory framework for cryptocurrencies. The RBI and government agencies are showing an unfavorable attitude towards crypto. Streamlined crypto is possible using a regulatory framework. It would increase the acceptance of crypto in India. There will be a decrease in scams.
Despite unfavorable regulatory clarity, many crypto enthusiasts are entering the crypto industry. Some still believe that the govt. may ban crypto completely. A clear regulatory framework would boost the cryptocurrency to the next level. Crypto enthusiasts are eagerly awaiting such crypto industry reforms to happen in India. Even without that, they are still hopeful about a bright future for crypto in India.
November 9, 2020
Cryptocurrency is in the headlines yet again. In recent times, we saw many big corporate embracing virtual currencies. These have various advantages. Therefore, the coins are getting more acceptance by businesses and fans. The popular cryptocurrencies are Bitcoin, Ethereum, Bitcoin Cash.
Apart from them Litecoin, Ripple, Libra, and Tether, etc. are also gaining importance. However, Bitcoin is the most accepted among all the cryptocurrencies.
Bitcoin Crossed $15,000 mark, reached near $16,000
Bitcoin has crossed the $15,000 mark and hobnobbed below the $16,000 mark last week and took a leap of 2.1%. It was the highest point for the cryptocurrency since the surge happened in early 2018. 
We may mention here a fact for those who are little new to Cryptocurrency-world. The highest point that Bitcoin has ever achieved was on 17th December 2017 when BTC reached to $19, 666.
We may mention here a fact for those who are little new to Cryptocurrency-world. The highest point that Bitcoin has ever achieved was on 17th December 2017 when BTC reached to $19, 666.The recent success of Cryptocurrency attributes to two factors, experts opine. One of the factors is the economic recession due to the COVID19 pandemic. The other one is uncertainty over the Presidential election in the US.
Bitcoin: #1 Asset of 2020
In the last few weeks, Bitcoin has been leading the group of top-trio assets of 2020. The standing so far is in this order – (#1) Bitcoin, (#2) Gold, and (#3) Silver. Bitcoin is now the topmost asset leaving (the precious metals) gold and silver behind. It has been leading the list in the last few months. Last month, we had informed about this in another article “Bitcoin Ahead of Gold and Silver”.
The prominence of cryptocurrencies has been increasing day by day. More number of global corporate giants are jumping to the crypto market. Many others are using it as an alternative to traditional currencies. because of many advantages.
On February 
19, 2020, Forbes Released the 2nd Annual Blockchain. 50 List Of Companies Embracing The Technology Underlying Cryptocurrencies. The enlisted reputed brands include Amazon, Google Microsoft, Credit Suisse. A few more are Citigroup and JPMorgan, BMW, etc.
19, 2020, Forbes Released the 2nd Annual Blockchain. 50 List Of Companies Embracing The Technology Underlying Cryptocurrencies. The enlisted reputed brands include Amazon, Google Microsoft, Credit Suisse. A few more are Citigroup and JPMorgan, BMW, etc. We have also observed the entry of companies like Square, the Robinhood trading app. Paypal and DBS bank are other names in this context. The main reasons behind the acceptance of Bitcoin are its capabilities. Bitcoin can speed up business processes, bring transparency, and save expenses.
Conclusion
The trend is very favorable for Bitcoin now, as it was never before. It is performing very well since witnessing low points in 2018. The COVID 19 led economic slowdown has affected almost all countries and currencies. The sluggish world economy has affected all major and medium economies. This economic bane has become an economic boon for cryptocurrency. Bitcoin is marching ahead with increasing its value against the dollar. It has become the numero uno asset of 2020 way ahead of gold and silver. According to Crypto fans give credit to an encouraging economic situation. While the critics are terming it as a temporary phenomenon. As per them, it will subside after some time. Let’s see what’s happening!!!
November 5, 2020
Coinbase is a US-based digital currency exchange. It has made a startling announcement on 28th October. The virtual currency tycoon has launched Cryptocurrency Visa Card for crypto enthusiasts.
This move would provide extra mileage to the digital currency. The Crypto Visa Cardholders can take advantage of this card. The card will be valid for shopping and other activities. Therefore, this card is going 
to give a seamless transaction experience to the users. The users can use cryptocurrency the card throughout the globe. It will go hand in hand with Visa cards.
to give a seamless transaction experience to the users. The users can use cryptocurrency the card throughout the globe. It will go hand in hand with Visa cards. Visa has a presence in more than 200 countries and territories in the world. The card might be new to the US but a similar card exists in Europe.
Coinbase
Coinbase has its headquarter in San Francisco, California, US. It is a prominent player in the crypto world. It is a leading digital currency exchange. In addition, Coinbase deals with Bitcoin, Ethereum, Bitcoin Cash, Tezos, Litecoin. It also deals with fiat currencies.
Key Features of Coinbase Card
The intro-line used for Coinbase Visa Debit Card is “Spend crypto anywhere”. The card supports over thirty virtual currencies. Above all, it has several remarkable features. Read them below.
- Instant Crypto Spending
A Coinbase Cryptocurrency Cardholder can spend its virtual currency as alternative cash. As an account holder, you can use it as per your Coinbase account balance.
- Global Usability
Coinbase Card is acceptable worldwide, wherever VISA has acceptance. The cardholders can make digital payments, withdraw cash from ATMs, or pay using a PIN.
- Safety and Security
Your money in the form of cryptocurrency will be secure. High standard security measures ensure that your money and your transactions are safe. Thus, your card will be instantly blocked in case of any fraudulent transaction. The two-step verification process is another security feature of the card.
- Switch between cryptocurrencies
The card users can pay different cryptocurrencies. This includes Bitcoin, Ethereum, Bitcoin Cash, Tezos, and so on. They can choose the digital currency to use, via the app.
- Tracking of transactions/spending info
The Coinbase cardholders can keep track of their transactions using the app.
- Very Quick Transaction
The transaction process is at lightning speed. It’s a kind of real-time experience. Coinbase does all the digital 
currency conversions itself without any third-party involvement. This makes it different from other digital currency exchanges. Besides, it makes the process even quicker and flawless
currency conversions itself without any third-party involvement. This makes it different from other digital currency exchanges. Besides, it makes the process even quicker and flawlessConclusion
Coinbase and Visa association is going to be beneficial for cryptocurrency fans/ users. The US citizens can now use Coinbase Cryptocurrency Visa Card. They will experience a seamless transaction process. It is easy, instant, and safe. No doubt, in the future, Coinbase and Visa duo might extend a similar service in other countries as well.