Cryptal Blog - news from around the world

What can I buy with cryptocurrencies today?

If you thought that bitcoins and other cryptocurrencies were only for investing and speculation, think again. They do hold real value as alternative medium of exchange. In fact, you can buy almost anything with cryptocurrencies, only if you are ready to part with them! There are more than 100,000 merchants globally, both online and offline, who would happily provide you with their goods and services for bitcoins. Here’s a list of a few things you can actually buy with your crypto assets.

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Ford to Use Cryptocurrency for Inter-Vehicle Communication System

Ford has been issued a patent for “Apparatus and methods […] for vehicle-to-vehicle cooperation to marshal traffic.” The patent indicates that Ford is seeking to use cryptocurrency technology as a means for cars to communicate with each other whilst on the road – with the patent describing a “Cooperatively Managed Merge and Pass (CMMP) system” that uses “CMMP tokens” to facilitate inter-vehicle communications.

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Nasdaq Explores Storing Asset Data on Blockchain

Global stock exchange operator Nasdaq is looking into storing asset ownership data on a blockchain.

In a patent application recently released by the U.S. Patent and Trademark Office, the company outlines how it could use a distributed ledger to record who owns an asset, as well as use digital wallets to allow owners to access these assets.

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Tom Lee Predicts Bitcoin To Reach $91,000 by March 2020, Based On Performances After Past Dips

Fundstrat’s Tom Lee has forecasted that Bitcoin’s price will reach $91,000 by March 2020, basing his prediction on a chart that shows Bitcoin’s (BTC) performances after past market dips, Forbes reported March 17.

Lee and Fundstrat used an average of the percentage gained in price after each dip to arrive at the 2020 figure.

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Bitcoin with the Market Upwards Following Letter by the Bank Of England

A very appreciated and welcomed week-start with Bitcoin [#1 by market capitalization] recovering over $1,000 in value against the US Dollar in just a couple of days. The most impacting factor that hoisted the overall confidence in the community and trading area is the letter by Governor of the Bank of England and Head of the Financial Stability Board [FSB] to the G20 countries – Mark Carney. In the statement he went against various countries who issued negative opinions and releases, adding that cryptocurrencies do not showcase any risk to the economy.

One of the strategic issues related to economy that will be a subject of discussion during the meeting to be held in Argentina by the G20 will be cryptocurrencies, keeping in mind their rapid rise and development recently with their impact in general.

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