The blockchain industry has observed rise of several
cryptocurrencies. The trend is going to take the world economy by storm in the
year 2019. Many stock observers and investors have been taking interest in
cryptocurrencies for long term benefits and return on investment. Bitcoin is
still the world’s most valuable and popular virtual coin by market cap as it
was in the last year. Though Bitcoin faced major fluctuations in 2018, it is
still the most accepted crypto coin and the most-traded virtual currency by
merchants and investors. With several banks like Citi Bank, UBS, Black Banx,
Barclays accepting crypto currencies, the trend of cryptocurrency is growing
more than ever. Following are some major cryptocurrencies in 2019.
Bitcoin
It’s been more than 10 years since it was established
and it is the most valuable cryptocurrency in the world. It is predicted that
bitcoin will hit $1 million by the year 2020. It has been hitting record volume
of transactions in many stock markets and many stock markets are adding it to
their trading services.
Stellar
The major selling
point of Stellar is its blockchain. Stellar is in high demand by financial
service companies and big corporations due to the integration of smart contract
protocols. It has been scaling its blockchain to new regions after its
successful partnership with IBM and KlickEx. Many banks have deployed Stellar's
blockchain technology to handle the multiple currency payments received from
IBM's customers.
NEM
NEM and its own coin XEM is just another major player
in the world of cryptocurrency. It is based in Singapore. Be enterprise or it
retail, NEM focuses on business customers. Major objective of Nem is been
transfers and payments. NEM Foundation has collaborated with government
association - the Malaysia Digital Economy Corporation (MDEC) to take care of
digital infrastructure, safety, and technology-related legislation advisement
from Malaysia.
Ethereum
Ethereum is world’s second largest cryptocurrency. It has been receiving investments from
several big blockchains from around the world. It is a relatively young
cryptocurrency as it was only established in 2017.It can integrate smart
contract protocols and thus is popular among its clients in short period of
time. Hundreds of organizations are testing Ethereum in their system.
Ripple
Ripple is another rising player in cryptocurrency establishing itself as great long term investment market. It is most preferred by the banks and financial institutions. Its coin XRP can be used as it has quick transaction processing time and global partnerships. It also does automatic currency conversions between the currency you are making payment and the currency of receiver.
Ripple is another rising player in cryptocurrency establishing itself as great long term investment market. It is most preferred by the banks and financial institutions. Its coin XRP can be used as it has quick transaction processing time and global partnerships. It also does automatic currency conversions between the currency you are making payment and the currency of receiver.
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