Raiffeisenbank analysts predict that 10% of countries will issue their own crypto coins by 2025, Erik Voorhees claims the biggest event in crypto this week isn’t Coinbase’s listing
Raiffeisenbank analysts predict that 10% of countries will issue their own crypto coins by 2025
10% of countries will issue national digital currencies by 2025 and launch platforms for exchanging such assets. This is stated in a new report by Raiffeisenbank.
Analysts are confident that the authorities of various states will need a little time to form a regulatory framework, and tokenized assets will become a tool for investment and savings.
Erik Voorhees claims the biggest event in crypto this week isn’t Coinbase’s listing
According to Erik Voorhees, ShapeShift CEO and crypto industry stalwart ,Coinbase’s listing isnt’t the biggest event in crypto this week.
He says, that the launch of ThorChain is arguably the biggest event in crypto this week, which is a pretty big claim.
ThorChain’s launch is scheduled for Tuesday and will mark the first time that native crypto assets can be traded on a decentralized exchange across unique blockchains without bridging technology or wrapping tokens.
“Thorchain has no bridges. It has no wrapping. It is native assets, swapped across chains in a decentralized way, for the first time ever,” Voorhees exclaimed.
To swap BTC for ETH, for example, the exchange would trade the BTC for RUNE, which is then swapped for ETH. This is all carried out at high speed to ensure the user is not impacted by the intermediary trade.
ThorChain is also developing a native wallet called AsgardEx, which will be built to interact directly with the “chaosnet,” allowing the tokens of unique blockchains to be held by a single wallet.
The platform’s native token, RUNE, has been on fire recently, surging 13% over the past 24 hours to reach an all-time high of $12.65, according to CoinGecko.