Liquid.com Becomes Latest Crypto Unicorn
April 03 2019 - 1:30PM
ADVFN Crypto NewsWire
Bitcoin Global News (BGN)
April 3, 2019 -- InvestorsHub NewsWire
-- There’s Blockstream’s Liquid network and then there’s
the Japanese Liquid network, which is essentially a parent
company of several crypto exchanges at once. Both are very
different from each other and yet only one is now valued at $1
billion.
Today, CoinDesk reported that with
the help of Bitmain and a fund called IDG Capital, the latter
Liquid network has raised a Series C round that has
increasedits’ overall valuation to $1 billion. Asking why this
particular company deserves such a lofty status is a logical at
this juncture.
CoinDesk’s report on the subject
simply states that Liquid aims to “make financial services
accessible to all,” then going on to add that Liquid will be the
facilitator for anyone to easily get involved in
cryptocurrencies.
The problem with such a promise is
that others have been executing on it for years and doing so with a
large amount of success. Take the Stellar networkfor example.
It started its’ efforts in 2014and is now the 9thmost
valuablecryptocurrency on the market, with powerful institutional
partners like IBMand about 200 others.
As if this wasn’t enough, we then
have the efforts of Bitcoin and Ethereum, which are crypto’s
de-facto titans. Though they take different approaches to achieving
widespread adoption of cryptocurrencies as payment methods, with
Bitcoin focusing on its’ first mover advantageand
Ethereum focusing heavily on Dapps, both have been growing and
essentially leading the market since its’
inception.
Beyond this, the list goes on,
essentially forever. What crypto project doesn’t want to be the one
to start the snowball towards true widespread adoption? Because of
all of this, it will be a tall order for Liquid to earn its’
valuation, though perhaps it can do so through finding a more
specific niche in terms of how it wants to incentivize
adoption.
By: BGN Editorial Staff
Bitcoin (COIN:BTCGBP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Bitcoin (COIN:BTCGBP)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Bitcoin (Cryptocurrency): 0 recent articles
More Bitcoin News Articles