I think that the enthusiasm for cryptocurrencies has become a real party where everyone wants to participate and take their piece of cake. Apparently the tendency to enter the use of cryptocurrencies and a blockchain-based economy is in the plans of all communications giants, at least it is the impression we currently have, now it is not just Facebook but Telegram who announces the launch of its cryptocurrency the "Gram", as reported by New York Times.
In my most recent publication I wrote about The Spanish League and the intention of creating your own token, information that you can find in this publication still valid: "Crypto Fever"The League scores its Crypto Goal!
Telegram collected between January and March 2018 more than 1.7 billion dollars from at least 200 private investors to develop its Telegram Open Network (TON) platform and also maintain its messaging service. The platform will be based on blockchain technology, focused on a new decentralized economy, which will work the same as bitcoin, and will be integrated into the messaging service through a digital wallet to move money anywhere in the world.
Gram, like Libra, faces a series of important regulatory challenges to achieve its success. Regulators are increasingly worried that currencies like Gram and Libra may, like Bitcoin before them, be useful for drug dealers and money launderers. The big companies show their interest in cryptocurrencies and work quickly to show their product to the world, it remains to see the results and the impact that both Libra and Gram will cause in this very volatile cryptocurrency market.
"Anyone who attempts to build this type of token system should be careful at any level with regulators," said Richard Levin, who specializes in cryptocurrency law at the Polsinelli law firm. "I suspect regulators will examine this offer very closely."
What we can be sure of is that more companies have their Ace up their sleeve and work on blockchain-based projects, understanding the potential that this technology represents, the advantages and benefits that come with it and do not intend to be left behind as the world progresses , adapts to a new way of generating wealth and opens up to a totally revolutionary economy that can change the world as we know it.
I would like to know your opinion about the development of this project, what to expect from it.
Do you think more recognized companies will follow this example?
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