in #crypto6 years ago


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The InterContinental Exchange (ICE), owner of New York Stock Exchange (NYSE), has announced that the physically settled bitcoin will be a list of futures contracts and will create a new company for the purpose of making the bidcoin a mainstream financial asset.

ICE announced a tremendous Friday, it revealed that the new platform - Bucket - has been developed in partnership with several types of Blockbuster names including Microsoft, Starbucks and BCG.

Beckett will be integrated with the ICE's American Forward Markets and Clearinghouse to be a physically solved one-day betoken futures list, which will be completed with physical warehouses in the ICE-managed home. This product will be launched in November pending regulatory approval.

Bakkt CEO Kelly Loeffler said, "Bakkt is designed to work as a scalable on-ramp for institutional, business and consumer involvement in digital assets by promoting more efficiency, security and utility." "We are collaborating to build an open platform that helps unlock the potential of digital assets in global markets and commerce."

However, from only one bitocoin futures exchange, there is a full platform of bucket that helps develop digital assets in the mainstream financial asset class.

Jeffrey C said, "Our goal is to bring regulated, connected infrastructure with institutional and consumer applications for digital assets, we want to build confidence in the asset class globally, which is transparency and trust in the pre-irregular markets. Bringing is consistent with our track record. " The Intercantinal Exchange's Sprayer, Founder, President and CEO

In fact, Spretter and Loafler presented their ambitious plans for Bakkt in an interview with Fortune, in which it was revealed that the platform would have its "Omnibus account holder", at the top of the Bitcoin Blockchen, similar to the Lightning Network (LN) Operates.

He said that he imagines that with the help of ICE, bitcoine can become a true currency.

Spretter told the publication, "Bitcoin will make the global wealth movement very simple." "It has the potential to become the first worldwide currency."

On that side, Bucket is searching for ways to increase the utility of bitcoin as a payment tool. It has been stated in the announcement that Starbucks will play an active role in providing consumers the ability to convert their holdings into US Dollars so that they can use them to pay for goods at Starbucks locations.

Maria Schmidt, vice president of partnership and payment of Starbucks said, "As a major retailer, Starbucks will play an important role in developing practical, dependable and regulated applications for consumers to use on Starbucks." "As a leader in mobile pay for more than 15 million Starbucks award members, Starbucks is committed to innovation to expand payment options for our customers."

But the ICE believes that this bitcoin can be a mainstream person, it also says that the reality is probably not similar to a crypto-anarchist vision, which is kept by many early cryptrocreature-ups.

Sprecher said in the Fortune profile, "Bitcoin can not live as a rogue idea." "To develop, cryptokurians need to run on established infrastructure, they need trust and rules that have been made in our financial system for many years, they require a trust representing the Big Board."


wow thats a great news ,its very positive for our crypto market,hope so our govn will also learn from it

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More and more projects coming up to create bitcoin to make it more mainstream. That's good. Someday, some digital currency will be one of the mainstream. (I don't believe it to be one single coin, but a multitude of different coins that represent different use case scenarios.)

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