FinTech Magazine February 2020 | Page 42

PAYMENT SOLUTIONS
42 fulfil their own stated purpose .” Two years on , has the good ship Crypto been righted ?
Well , 2019 was a mixed year for cryptocurrencies and the blockchain technology that underpins them . As the industry emerged from the ‘ crypto winter ’ in the wake of 2017 ’ s Bitcoin high point of almost $ 20,000 , and the 2018 market meltdown , some authorities argued that , this year , cryptocurrencies failed to deliver on expectations . Vinny Lingham , co-founder and CEO of Civic Inc said last month that “ when the crypto community looks back at 2019 , it will be remembered as the lost year . This is not unexpected because 2017 was such a milestone year . I like to say that the bigger the party , the bigger the hangover . We ’ re still dealing with the hangover .” According to co-founder of cryptocurrency tracking and tax software company Accointing , Alex Lindenmeyer , “ 2020 will be a put-upor-shut-up moment for cryptocurrency . Either coins start to prove their merit , or they will start to disappear .”
It appears that 2020 is the year that the fate of cryptocurrencies hangs
FEBRUARY 2020