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Blu - Im actually trying to digest this comment myself. 0xamber is going to be a forex AMM dApp built on the Pendulum blockchain/Parachain, but from this comment it seems to refer to 0xamber developing into a cross-chain dApp in its own right. Undoubtedly it will utilise Pendulum on-off ramp to fiat and spacewalk cross bridging (Pendulum have already stated additional blockchain bridges with spacewalk)
In truth the Polkadot relay chain has been a late entry into the Defi market and although(in my view) probably the most efficient and future proof ecosystem, it is currently way behind Ethereum in terms of Defi market share (currently over 60%). So my thinking is very good news as it creates far bigger immediate exposure to the marketplace than currently only on Polkadot and technically with the greater utility usage of tokens the higher the token price (both Pen and Ambr)
Hope that makes sense.
Nasdaq says institutional appetite in crypto is steady as it plots push into custody, trading
https://www.theblock.co/post/222866/nasdaq-says-institutional-appetite-in-crypto-is-steady-as-it-plots-push-into-custody-trading
Over 1,200 German banks to offer Bitcoin and Ethereum(ETH) to customers through new partnership.
https://www.crypto-news-flash.com/over-1200-german-banks-to-offer-bitcoin-and-ethereumeth-to-customers-through-new-partnership-will-this-drive-adoption-and-btc-prices/
The bank’s CEO stressed that Bitcoin is only the beginning, hinting that more digital currencies and tokenized assets will be added to its platform in the near future.
??Develoment update:
$AMPE's liquidity bootstrapping, and consecutively the trading launch carry over to early April.
While we estimated to be able to roll out the LBP this month, Spacewalks community launch on Amplitude had to take priority
We are currently working on a solution that will enable everyone to participate in the LBP - This requires access to $AMPE.
It is somewhat of a chicken-egg problem, where participants need to own $AMPE to cover tx fees, but LP'ing & trading $AMPE requires exactly that.
We've come up with a solution that is enabling everyone to join the LBP, which should be in the interest of all stakeholders! We only get to launch once.
We'll close March with 5 of the 7 roadmap items (https://pendulum-chain.medium.com/pendulum-launch-roadmap-march-updates-5c8f6d92bf35) completed. Spacewalk launch on Pendulum and LBP for $AMPE carry over to early April.
We appreciate your feedback and can't wait ourselves to get $AMPE on the road. A bit of patience is all that's needed to get there ??
taking shape
https://pendulum-portal-alpha.netlify.app/amplitude/bridge
Blu - not sure if I have posted this previously but Chainalysis produce a ‘ Geography of Cryptocurrency Report’ Its well worth the read for anyone trying to get to grips with Crypto adoption. An excerpt is here but you can download the full report FOC
https://blog.chainalysis.com/reports/2022-global-crypto-adoption-index/
Blu / Gaz - completely agree - my comment was slightly tongue in cheek - 8000 odd live coins out there and most are nonsense. Having said that there are over 4000 banks in USA alone, how many of them will survive the digital era over the next ten years.
I think Its regulation that will be the big sea change and the real business case projects will then thrive and potentially become some of the next batch largest companies and point in case for pendulum - 57% of the African population do not have a bank account, yet for example in Nigeria 45% of the population own crypto
In November 2017 Tidjane Thiam CEO of credit suisse tweeted that Bitcoin was a bubble and interest in cryptocurrency would wane - In that tine Bitcoin is currently 300% higher and Credit Suisse stock has lost 90% of its value - Banking is the bubble :-)
Dave - it certainly looks like all the jigsaw pieces are slowly coming together. One thing that has caught my eye looking into this latest development is CBDCs (which all govt will be using in the not so distant future)
Back in 2018 the. Brazilian Central Bank launched the Laboratory of Financial and Technological Innovations(LIFT) a sort of banking technology think tank made up of a committee of Central Bank officials and National Federation of Central Bank Servants (FENASBAC). nTokens’s was the first approved project with specific application of blockchain technology on the tokenization of money, cross-border payments and stablecoins, and since then a new instant payment service in the Brazilian financial system has been launched called PIX - and ntokens is the first stablecoin to integrate.
But most interesting is a comment from a recent meeting
‘One critical step of the project was to provide a solution for an eventual CBDC deployed as a national digital tender. Support by Central Bank officers and the open, academic-style debate of LIFT meetings were key to having our prototype fully CDBD compatible’
Looks like an opportune time to be entering the African market place
Nigerian president-elect aims to use blockchain technology in the banking sector
https://cointelegraph.com/news/nigerian-president-elect-aims-to-use-blockchain-technology-in-the-banking-sector
MYKOBO’s EURC Stablecoin to Integrate with Pendulum
https://medium.com/pendulum-chain/mykobos-eurc-stablecoin-to-integrate-with-pendulum-6c52147309cf
For those interested in the recent getpiad Africa development , this McKinsey report is well worth the read.
The future of payments in Africa
https://www.mckinsey.com/industries/financial-services/our-insights/the-future-of-payments-in-africa
Digital Payments - Africa
Total transaction value in the Digital Payments segment is projected to reach US$146.40bn in 2023.
Total transaction value is expected to show an annual growth rate (CAGR 2023-2027) of 16.01% resulting in a projected total amount of US$265.20bn by 2027.
https://www.statista.com/outlook/dmo/fintech/digital-payments/africa