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Cryptocurrencies: 2019 in review |IT News Africa – Up to date technology news, IT news, …

11 Dec Cryptocurrencies: 2019 in review |IT News Africa – Up to date technology news, IT news, …

Posted at 07:55h in Cryptocurrency News by

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December 11, 2019 • Finance, Top Stories

The world of crypto in 2019 has brought more price fluctuation, many announcements that indicate cryptocurrency is becoming increasingly mainstream and tighter regulatory scrutiny. As the globe moves towards a new financial system, cryptocurrency ownership has grown this year along with the number of use cases, including stablecoins and crypto lending.

The Opportunity Cryptocurrencies Present In Africa

Marius Reitz, Luno GM for Africa, provides an overview of the important stories of the year:

Crypto being taken seriously 

  • Facebook’s announcement of an asset-backed stablecoin, Libra, dominated headlines this year. With access to a massive user base, Libra has the potential to bring cryptocurrency into the mainstream.
  • The owners of the New York Stock Exchange launched Bakkt, a platform designed to push Bitcoin much deeper into mainstream adoption by offering physically settled…

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