Sirwin
Sirwin

Nexo Dispatch #55: Is Cross-Chain the New Black?


Nexo released it's 55th Dispatch yesterday, "Is Cross-Chain the New Black?"

The "Big Idea" of the dispatch concerned Visa's newly-released White Paper, entitled "Universal Payment Channels: An Interoperability Platform for Digital Currencies." It appears to be trying to create "a universal hub for for stablecoins and central bank digital currencies" on the Ethereum platform.

Highlights

  • Kraken has paid $1.25MM in a settlement to the SEC over its margin offering.
  • The Fed will soon transition to tapering (and stop purchasing assets)
  • Twitter, fresh from adding BTC's lightning network operability, is looking to add NFT's
  • China's continued crypto-crackdown on trading and mining has led to the closure of two more miners
  • Bitcoin's low transaction count.

Crypto adoption is clearly increasing and it is moving into the mainstream, despite China's crackdown and the regulatory challenges. It gets easier to manage payments in crypto daily, but payments will require several blockchains functioning together. Interoperability between blockchains is therefore becoming increasingly important (suggesting that coins such as Polkadot and Cosmos have a lot of space for growth). 

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Brother Numsee's Crypto Craze
Brother Numsee's Crypto Craze

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