Crypto has been gaining field and recognition this year like never before.
You may recall that 2019 was said to be the year of crypto mass adoption, and it seems that more moves that are made in the crypto space are taking the industry exactly where it needs to be.
Crypto surpassed the point in which it was only an experimental technology promoted by enthusiasts and fintechs.
Russia is here for crypto and the underlying tech
Ethereumworldnews reports that Russian news website TASS says that the Bank of Russia is considering the possibility of issuing a national cryptocurrency, even if they are not yet able to see this as a priority for the near future.
Elvira Nabiullina, head of the Central Bank of Russia believes that society is ready to use crypto, but the technology is not quite there yet
During a few statements to the Russian press, Nabiullina praised the technology behind crypto, and she eventually placed the “crypto vs. fiat” debate on the table:
“It will be more convenient, it is electronic money for people, for citizens. Are we ready, as a society, to refuse cash?” – she said, flirting with the possibility of crypto winning the fight by adding that “digital currencies are in some sense the readiness of society.”
This is a highly interesting debate indeed.
BTC is racing towards $10k
Most crypto experts believe that everything will change once Bitcoin (BTC) hits the $10k level.
They say that this number acts as a psychological level and Crypto analysts are predicting that the FOMO is definitely kicking in if BTC is able to break the psychological level of $10k.
The whole crypto space has been in the spotlight these days, especially after Facebook announced its controversial token Libra, which aims to revolutionize money.
Libra‘s target will be to move around the world as fast as information without any involvement from banks, SWIFT and any legacy infrastructure.
