Cryptocurrency Market Update

Lyft IPO at $72 valuing the company at $24 billion dollars. the way the capital is forming is changing public and private markets. a lot of companies are staying private for longer and that STO space is going to hopefully break down these barriers to entry because often it’s the rich getting richer. it’s all these VCS that get to get in these deals early and by the time these companies hit the stock market they’re just ridiculous valuations particularly in the tech space.

Apple after selling iPhone’s and iPad’s move into another industry that’s highly profitable that is finance and banking now they’ve partnered with Goldman Sachs and MasterCard. This new card is going to track every purchase you make in GPS.

The International Monetary Fund and the BIS coming out an warning that emerging markets are going to be crushed in the next financial crisis just like consumers they’re under way too much debt a lot that’s denominated in U.S. dollars they’re not going to be able to pay that off and they come out and say that they the IMF don’t have sufficient lending capacity to respond so each crisis has kind of got bigger and further up the food chain and went to the point where all the central banks are going to be have to be bailed out in the next downturn.

funfair have launched the first license title so Alice Cooper school’s out for summer this is their first blockchain game first licensed they have got the goods assist now all about on boarding users and that funfair tokens going to have a lot of utility if this starts to take off.

Japan’s largest railway company considers new crypto payment system for transport cards and this was tweeted out by Kwan stamp that got people really excited and also which has directly nothing to do with Quan Stamp they do have a strong Japanese presence and obviously a lot of pool in the Japanese crypto community but either way good to see more adoption of these sort of payment systems and we’re seeing all sorts of varieties.

If you’re a Ripple holder, Indian Bank partners with ripple net to facilitate cross-border payments whether or not this is using the XRP token that remains to be seen and that’s still that number one thing. About Pro projects they’re going to come back into fashion this new because they’ve been so busy building and you can now use queue to them anywhere by using Apple pay and Samsung pay.

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