Ethereum Incubator Spins Up New Platform for Merchant Adoption – Plus Ripple and XRP, Litecoin, Tron, IOTA
From a new platform designed to turbo-charge crypto adoption to key projects trying to tackle blockchain scalability, here’s a look at some of the stories breaking in the world of crypto.
ConsenSys, the Brooklyn-based Ethereum blockchain solutions incubator, has launched Daisy, a new platform that enables anyone to accept cryptocurrency for purchases, subscriptions, usage fees and other payments. Currently in alpha, the platform supports ETH, AI, USDC and dozens of other cryptocurrencies.
The company says the tools and infrastructure needed for the mass adoption of crypto are still too rudimentary, and their goal is to break it down for merchants so that they can hop on board.
They’re also encouraging crypto enthusiasts to be proactive by reaching out to merchants and expressing interest in a crypto payment option.
Ripple and XRP
In a new blog post on Open Access Government, Ripple’s head of social impact, Ken Weber, shares his thoughts on how to close the blockchain skills gap.
“Currently, over 40% of the world’s top 50 universities already offer at least one class on blockchain or crypto assets. But this is tied to different disciplines such as law, engineering, mathematics and business administration.
To truly close the skills gap, universities around the world must expand these programmes to offer blockchain and crypto-asset training courses that directly relate to roles in industry.”
The Miami Dolphins just gave a shout-out to Litecoin in a push for crypto adoption.
The NFL team partnered with Litecoin last month, making LTC its official cryptocurrency and allowing Litecoin to tap into the team’s fan base through in-game branding and advertising opportunities at Hard Rock Stadium.
Whether you are at @HardRockStadium or watching the game from home, get your 50/50 raffle tickets presented by Litecoin.
— Miami Dolphins (@MiamiDolphins) August 22, 2019
In an interview with media outlet Coinness, Tron CEO Justin Sun says the company’s newly launched SUN Network aims to improve the scalability of Tron’s mainnet.
“First, the SUN Network provides a higher TPS for the entire ecosystem. The TRON Mainnet can be connected to multiple side chains, and each time a side chain was added, the TPS of the TRON ecosystem will be increased.
The current Mainnet peak TPS is 2,000, so the TPS of a TRON ecosystem composed of multiple side chains could have unlimited scalability: 2,000 * SideChainNum.”
— TRON Foundation (@Tronfoundation) August 22, 2019
Sun also says the new network will improve asset security and will provide a cheaper and highly customizable developer environment.
His remarks come amidst a wider debate about blockchain scalability.
EDAG Group is unveiling a fully autonomous car that utilizes IOTA’s Tangle, a distributed ledger.
According to the company, it’s a “game-changer for the city of the future.”
“[It’s a] fully autonomous, networked robot vehicle which, with its numerous trailer and rucksack modules, is capable of handling any transport and work situations in urban areas, and is also in motion 24/7.”
The vehicle utilizes IOTA’s technology to power machine-to-machine micropayments.