Wednesday, October 31, 2018

Monumental Challenge with Universal Benefits – OEM Apps on Mobile Devices or Embed Crypto Tools into Browsers

Colleagues, the Cryptocurrency Academy has written extensively about the need for digital assets to cross the chasm from early adopter to mass-market adoption. We see several financial management firms launch crypto trading and custody services for institutional clients. We would like to offer two potential approaches, which could dramatically accelerate individual trader transactions and dollar value. One strategy is to OEM a crypto trading app onto all smartphones, tablets and laptops – a simple pre-install placing the app on the ‘home’ screen alongside email, weather, search and IM. Second, a much more challenging approach would be to embed a crypto trading API pre-installed in Chrome, Firefox, IE and Safari. This is precisely what the World Wide Web Consortium (W3C) is considering with regard to Bitcoin’s Lightning Network. Bitcoin averages some 275k transactions and $3.7B+ in market value per day (CoinMarketCap). The implementation of either or both of the above techniques could help Bitcoin, Altcoin and Stablecoins truly reach escape velocity. We predict implementation led by W3C along with tier 1 browser and device vendors for industry-leading BTC within 24 months. Share a comment today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/

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