If you’re struggling to keep up with the events in China regarding the new moves to totally ban cryptocurrency in the country we can sympathise with you. As it stands, China have very much fallen off the fence and are now going hard against cryptocurrencies. This came with no warning or no real justification, it just seems that authorities in China have decided that crypto will be no more and for the time being, the outlook for the community there is bleak at best.
Last week, on March 15, 2018, Lightning Labs unveiled their beta for the Lightning Network in a flash of media attention and enthusiasm. The Lightning Network has been heralded as a solution to Bitcoin’s scalability issues, and the developments were greeted by the community with tremendous optimism.
A little less than a week later, the Stellar network team has announced that they will be integrating the Lightning Network. That makes Stellar among the first projects to formally announce integration of the Lightning Network since the beta release last week.
The blockchain-based real estate platform, Propy, is collaborating with the city of South Burlington, Vermont, to streamline their real estate record-keeping process.
Even though blockchain may be most well known for being the supporting technology of cryptocurrencies, it can be used in most industries, especially those that rely heavily on recording data.
According to Cision, Propy, a blockchain-based property platform, is partnering up with the City Clerk’s Office of South Burlington in Vermont to test out the viability of using the technology to record real estate conveyance documents.
Banks and financial institutions might need to embrace instant payments and bank transfers in order to be able to compete with Bitcoin and other cryptocurrencies.
Competing with Cryptocurrencies
One of the main reasons why cryptocurrencies have gained such popularity is their ability to instantly send payments worldwide cheaply and quickly – usually within a couple minutes. Banking transfers currently require 2-3 days to process and often times are more expensive than Bitcoin transfers. Many experts believe that this might push more people to use cryptocurrencies like Bitcoin and Ethereum instead of traditional bank transfers.