From a big milestone for Steem to a boost for Bitcoin and blockchain, here are cryptos finding adoption and praise.
Steem says it now has 1 million users on its blockchain-based social media platform. Steem gives publishers a way to monetize their content by turning upvotes into Steem and Steem Dollar (SBD) tokens.
Crypto social network startup Hilo will utilize Civic’s “ID Codes” platform. ID Codes gives users a way to authenticate their social media profiles using blockchain technology.
Ripple is launching a new program called Xspring to deliver investment capital and grants to entrepreneurs, in the form of XRP. Ripple says it’s already evaluating more than 100 companies for the initiative.
Bitcoin Cash (BCH)
Foreigners can buy citizenship in Antigua and Barbuda through the Citizen by Investment Program, using a Bitcoin Cash payment initiative. Canadian-born economic envoy and crypto entrepreneur Calvin Ayre, who is a citizen of Antigua and Barbuda, helped establish the program.
Apple co-founder Steve Wozniak is reiterating his praise for Bitcoin and blockchain. At the WeAreDevelopers World Congress in Vienna, Austria, Wozniak said the emerging technology will reach its full potential in a decade.
Twitter and Square CEO Jack Dorsey expressed similar sentiments on May 16 at the Consensus conference in New York. “The internet is going to have a native currency,” he said, and he hopes that it’s Bitcoin.