From the long-term success of Bitcoin to a new cross-border use case at Ripple, here’s a look at some of the stories breaking in the world of crypto.
Venture capital billionaire and Bitcoin bull Tim Draper says he believes Bitcoin will outlast fiat currencies and prove to be far more stable in the long run. At the Web Summit tech conference in Lisbon, Draper said,
“We’re going to see all sorts of volatility. One Bitcoin is still one Bitcoin. It’s just all these other political currencies are going to be very volatile against it as they slowly disappear from our use.”
Draper also reiterated his belief that the price of Bitcoin will reach $250,000 in the coming years.
“My prediction for $250,000 by 2022 – maybe 2023, but in that range – is absolutely solid. But I’m not so sure how we’re going to get there.”
Ethereum has set a loose date for its next upgrade.
In its latest group conference, developers set January 16th as the launch date for Constantinople. The anticipated upgrade includes a number of optimizations and lowers the mining reward from three ETH to two ETH per block.
Ripple and XRP
Japanese financial giant MUFG says it will use Ripple’s proprietary payment technology to create a new cross-border payment service between Japan and Brazil.
Meanwhile, the coder working to bring XRP transactions to Amazon Alexa has launched a closed beta test.
You can sign up for the beta here.