July 07, 2020
- Digifinex Rebrands at 4 Million Users.
- Comes Full Circle as a Brand New all-Encompassing Crypto Asset Platform.
- Crypto Research Reports Predicts BTC to Reach $400k by 2030.
- Bank of Japan will Begin Experimenting with a Digital Yen.
- Australians Can Now Pay for BTC at the Post Office.
Comprehensive Analysis Predicts Bitcoin Price Near $20K This Year, $398K by 2030
The latest Crypto Research Report (CRR) predicts Bitcoin (BTC)‘s price will hit nearly $20K in 2020. BTC’s price is expected to rise to $400k by 2030. Furthermore, researchers predict the prices of several major digital currencies. These include Bitcoin Cash (BCH), Ethereum (ETH), & Litecoin (LTC).
Variables and addressable markets were examined for the research. The reports forecasts prices of major digital currencies — BTC, ETH, LTC, BCH, and XLM.
Also, CRR reports that there are currently over 40 million cryptocurrency users worldwide. This positively correlates to the respective country’s GDP per capita. In essence, it suggests increased cryptocurrency adoption.
Speculation and savings continue to outdo other uses of cryptocurrencies. CRR highlights that there is “evidence that growth in speculative transactions on exchanges is faster than the growth in using cryptocurrencies to buy goods and services”.
Bank of Japan Will Begin Experimenting With a Digital Yen
The Bank of Japan (BoJ) has officially jumped on the bandwagon of experimenting with a Central Bank Digital Currency (CBDC). This comes after China launched its own 3 months ago. BoJ announced on Thursday (02/7/2020) it would experiment with a CBDC. It aims to test the viability of its own cryptocurrency, a Digital Yen. At least from a technological perspective.
It’s a first for BOJ to commence a Proof of Concept procedure with digital yen. However, the bank is yet to reveal a timeline. It is unknown whether BoJ would be able to outdo China. China has already begun testing its CBDC in major cities like Shenzhen, Chengdu, Suzhou and Xiongan.
BoJ encountered potential technical hurdles that could sabotage its plan. These are resilience and universal access. As such, the bank would collaborate with other central banks. BoJ might work with Britain, the eurozone Canada, Sweden, and Switzerland in the testing process.
BoJ concluded that both centralized and decentralized cryptocurrencies have their own pros and cons. Centralized cryptocurrencies are ideal for mass adoption. In contrast, the decentralized option would be suitable should the cryptocurrency be transactions-limited. And where resilience is prioritized.
Australians Can Now Pay for BTC at the Post Office
Australians can now pay for Bitcoin (BTC) at more than 3,500 national post offices. Thanks to a new partnership between Bitcoin.com.au and Australia Post Office.
This new payment option is believed to encourage consumers’ trust in the credibility of BTC. Bitcoin.com.au’s CEO, Holger Arians explains ”For many people, paying for Bitcoin at an Australia Post office feels safer than transferring funds online — particularly for first-time buyers. We’re proud of this partnership and would like to thank Australia for their continued openness to new technologies.”
Data shows that BTC mass adoption is taking off. The number of physical shops selling cryptocurrency is growing. There are more than 8000 bitcoin ATMs worldwide. In Australia, customers have been able to pay for BTC at 1500 retail shops. For example, via Blueshyft payment network, a payment gateway for digital services.
DigiFinex Comes Full Circle as a Brand New all En-compassing Crypto Asset Platform
Founded in 2017, DigiFinex has attracted over 4 million registered users. This rising number cements the platform’s status as the leader of crypto exchanges. Digifinex rebrands as an all en-compassing crypto platform. It envisions to go beyond being a wealth companion.
Kiana, CXO of DigiFinex unveils，“It’s a major milestone in the company’s evolution as a digital finance exchange. It perfectly illustrates our growing ambition and redefines who we are to drive change and shape the future of the crypto industry with all possibilities. That’s the reason I have stepped up from Co-Founder to CXO, meaning we have the potential to be anything.”
The crypto asset platform aims to provide an all-rounded crypto experience. To date, DigiFinex has 6 crypto asset management services. DigiFinex has launched a crypto derivatives trading platform called DigiDeriv. The new platform will feed into the acceleration of crypto adoption worldwide.
In addition, to meet rising demands of crypto products, DigiFinex further launched platforms Crypto Quant Fund and Flexi Earn for users of all risk appetites to generate passive income, and Crypto Loans to provide instant liquidity.
As the bridge between traditional and crypto financial market, DigiFinex is proud to be able to allow users to purchase over 20 cryptocurrencies with credit and debit cards with over 40 fiat currencies, including major currencies BTC and ETH.
DigiFinex Rebrands: New Ethos:
As DigiFinex rebrands, its new ethos includes diversity, integrity, dependability, and sustainability.
● Founded in 2017. Headquartered in Singapore with global offices in China, Hong Kong, Japan, Australia, Malaysia, and Korea.
● Has 4 million+ registered users. More importantly, there are 800,000 active users from 150+ countries.
● Ranks around top 5 on CoinMarketCap among 240+ other international exchanges. Has listed 200+ cryptocurrencies. In the end, the platform Supports 200+ trading pairs in 4 markets: BTC, ETH, USDT and DFT.