Contrary to the market trends: Binance Coin short rally start, thanks to the Adaptation progress
Home News Contrary to the market trends: Binance Coin launches short rally, thanks to the Adaptation progress
Marcel Knobloch –
The current Trend of the crypto market is still bearish, so that almost all digital currencies show a downward movement. The Binance Coin, however, registers a strong growth in the last few days, not least because of the ever-advancing adaptation through the partnership with Tripio.
Binance is one of the largest stock exchanges in the world, last year, your own crypto-currency, the Binance Coin, has brought to the market. The Coin is not only digital currency on the platform itself, but to the function of a key, currently in development for decentralized stock exchange. The current rally is due to the announcement of a collaboration with Tripido.
Yesterday Tripido has officially announced the launch of a strategic partnership with Binance, which allows more than 10 million users to book and 450,000 Hotels worldwide with the Binance Coin and pay for it. Tripido is integrated a on the Blockchain-based hotel booking platform, the currencies of various Crypto on your platform.
The increasing proliferation of crypto-currencies in our everyday life is progressing every day. Large corporations such as Expedia, Microsoft, and Steam have currencies since then, the Integration of Crypto as an alternative payment means tested extensively. Here, however, were detected in the course of time, some of the weaknesses that have led to a decline in the use in practice. The high volatility, lack of liquidity and long transaction confirmation times, in times of great demand. PayPal chief financial officer John Rainey said that traders were looking for real Alternatives to circumvent the high fees, however, the strong price fluctuations of Bitcoin and co. are dangerous (freely translated):
Due to the volatility of crypto currencies, traders saw crypto rashes, the the Survival of their business threatened. If you are a retailer and, for example, a margin of 10 percent in the case of a product you sell, and accept Bitcoin, and the very next day to 15%, are you now in this transaction under the water.
Crypto-currencies such as the Binance Coin offer dealers an efficient and practical Alternative to traditional existing systems, and cost and speed advantages, provided that the courses are not stable, and the block chains clogged. The partnership opens up access to a large user-base to the innovative platform of Tripido received in March of a financing round in the amount of US $ 20 million from big venture capital firms, such as the OK Blockchain Capital, Ceyuan Ventures, and GENESIS Capital.