LIBRA AND COMPANY
PAYMENT SOLUTIONS
44
The process is an important part of stabilising the world ’ s first cryptocurrency , and making sure that Bitcoin is healthy is essential . In the same way that the fate of blockchain as a technology is manacled to cryptocurrencies , cryptocurrencies themselves are bound to their poster child .
Bitcoin halvings are important events for crypto traders as they reduce the number of new bitcoins being generated by the network as we draw closer to the day when there are no new coins to add into circulation . This limits the supply of new coins , so prices could rise if demand remains strong .
Keeping Bitcoin stable in this fashion could be a key step in preventing any more crashes and volatility - a necessary goal if cryptocurrencies want to attract the kind of positive attention that will allow them to ramp up adoption .
LIBRA AND COMPANY
One thing that ’ s expected to direct massive amounts of attention towards cryptocurrencies this year is Facebook ’ s launch of its own digital currency . Libra has a mission “ to enable a simple global currency and financial infrastructure that
“ 2020 will be a put-up-or-shutup moment for cryptocurrency . Either coins start to prove their merit , or they will start to disappear ”
Alex Lindenmeyer Co-founder and CEO Accointing
FEBRUARY 2020