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Coinbase profit, patent from PayPal, government bonds and Bitcoin

04/19/2019
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  • cryptocurrency_blockchain_finance
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Coinbase was able to earn $ 520 million, of which 30% in the UK. PayPal has patented technology to protect against hackers, government loans in bitcoins.

Reuters estimated Coinbase revenues for 2018 at $ 520 million

Despite the decline in cryptocurrency rates in 2018, the Coinbase marketplace was able to earn about $ 520 million during this period. This figure is 20% higher than revenue for 2017. The cryptocurrency platform does not publish a consolidated report, but researchers from Reuters were able to make a conclusion based on indicators from the UK.

Approximately 30% of the company's total income came from working in this country. Here it was able to earn $ 173 million. Now Coinbase is expanding its presence. The exchange announced that it will provide services to residents of another 11 countries. First of all, promotion is in Latin America and Southeast Asia.

Reuters estimated Coinbase revenues for 2018 at $ 520 million

PayPal patents blackmailer protection

Payment system PayPal was able to obtain a patent for a method of protection against extortionists cryptocurrency. The program caches the system files and compares the figures before and after the start of a certain period. If it sees discrepancies, it simply does not allow making changes to the operation of the device.

However, such a development is unlikely to be able to retain information guaranteed. If the attackers have already changed the data, it will be impossible to restore them. But it turns out to minimize losses. Early detection of the threat will allow you to begin a more effective fight against the virus. The new technology does not promise absolute protection, but it significantly reduces the potential harm.

PayPal patents blackmailer protection

State bonds in bitcoins

Immediately, three countries declared their readiness to issue bonds in bitcoins. Tunisia, Afghanistan and Uzbekistan are exploring the possibility of issuing such debt. To do this, it is planned to use the technology Hyperledger Fabric, which is also based on the blockchain.

The International Monetary Fund and the World Bank are wary of such initiatives. They note that there are significant risks to financial stability. And in this case it is not so much a technical possibility. Blockchain technology without any problems will ensure the safety of the transfer of funds. However, the growth of the bitcoin market value may put the state in a very disadvantageous position.

How to get loan in btc

State bonds in bitcoins

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