MoffetNathanson talks about the threats to traditional payment systems, contracts for ethereum have been launched on the SIX exchange. A crypto wallet will appear in the Opera browser for iOS.
The business of such giants as Visa, Mastercard and PayPal is under threat. The expert of MoffetNathanson Lisa Ellis is sure of it. There is not yet a technology that provides the ability to instantly calculate cryptocurrency of small purchases. However, it will appear in the near future, which will significantly change the balance of power.
The expression “buy coffee for bitcoins” has already become popular, but only in a very limited circle of cryptocurrency enthusiasts. At the same time, very soon this opportunity will be provided to the majority of consumers. It seems that the information about the launch of such a settlement system in Starbucks was only the first signal of the approaching change of epochs.
What threat lay in cryptocurrency
SIX Exchange was the first in Europe to offer its customers financial contracts based on Bitcoin, and now it has gone even further. Here they began to work with the ETP asset, which is tied to the ethereum cryptocurrency price. Liquidity for this financial instrument is provided by Flow Traders B.V, which is supported by the startup Amun AG.
It even in the autumn of 2018 released a composite index of HODL, consisting of five cryptocurrencies. Which is also traded on the largest Swiss stock exchange SIX. Amun reports that record demand for its products was noted at the end of last year. In all likelihood, then large investors have stepped up purchases, wishing to make them at the peak of the price decline.
Back in December 2018, Opera released a browser for Android, where users could exchange cryptocurrency. Now this opportunity will be available to users of the iOS operating system. However, for the time being, you can only buy and sell “toy” coins created on the basis of the Ethereum blockchain.
Already in February, Opera announced an expansion of opportunities for customers. Due to the cooperation with the Safello broker, operations with the ethereum became available to customers. However, for now this option is available only to residents of several Scandinavian countries.