PAYMENT SOLUTIONS
40
“ Cryptocurrencies are unusual in that the value of the underlying technology is often perceived in line with market capitalisation ”
Lorenzo Pellegrino Coin Telegraph
Perhaps not . Cryptocurrencies are the flagship ( read : most mature ) application for blockchain technologies . While there are more and more promising applications for digital ledger technology popping up all the time , from supply chain track and trace to buying , breeding and trading little cartoon cats for as much as $ 113,000 - but more on that in a minute - the success of cryptocurrencies is responsible for a large part of the confidence and investment in blockchain . Back at and has become closely linked with other blockchain-powered forms of digital currency as well . This symbiotic relationship is somewhat unusual . According to Lorenzo Pellegrino at CoinTelegraph , it ’ s rare to find a sector where “ the value of the underlying technology is often perceived in line with market capitalisation .” That ’ s like if the scooter manufacturer Vespa went under and everyone started selling off their stock in Carnival Cruises because both use combustion engines . Crazy , right ?
FEBRUARY 2020