35% Of Europeans View Cryptocurrencies as Future Of Online Spending

The Dutch Multinational Bank has commissioned Ipsos to shed more light on cryptocurrency use and outlook of European, Australian and U.S. consumers.

Ipsos is a global market research and consulting firm based Paris France.

The survey had a sample size of around 14,828 respondents in over 15 countries.

Each country's respondents were limited to about 1000 except for Luxembourg which has only about 500 respondents.

It was conducted in March of this year during the lowest price of Bitcoin.

In the said study 35% of European Consumers states that Digital currencies such as Bitcoins are the future of online banking.

However it was lower in America where only 31% had the same views and even lower in Australia which has only 18%.

The number goes higher when we exclude the respondents that do not use mobile banking.

When mobile banking users are taken into account, 40% agree mobile banking might be a gateway for cryptocurrencies.

Volkswagen Applies For Inter-Vehicular Blockchain Communications System Patent

Volkswagen has applied for a patent for a blockchain-powered technology that will allow vehicles to communicate with each other.

It's main objective is to increase the road safety by warning nearby vehicles and alerting the driver of potential collisions.

The system can be use when merging lanes, overtaking and a number of other high-risk maneuvers in the road.

The patent pending technology is said to deal with self-driven and manually-driven cars and aims to inform the driver of pertinent information or simply give data to self-driven cars.

Basically the patent aims to have an interconnected cryptographically signed network of localized cars that communicate with each other to aid drivers and autonomous vehicles to navigate the road, avoid collisions and improve traffic flow.

IBM Bagged A $740 Million Contract For An Australian Blockchain Project

Bloomberg reports that IT giant IBM has laded a contract with the Australian government worth $1 Billion Australian Dollar ($740M USD) to help the country develop blockchain and other new technologies to improve data security.

The contract is said to include technologies in Artificial Intelligence, blockchain and automation with applications in Australian federal departments both in defense and home affairs.

Harriet Green, IBM’s Asia Pacific Head has stated that with the new partnership Australia will be catapulted to the top three of digital governments in the world.

Both IBM and Australia has been the in the forefront of Blockchain technology worldwide.

Australia has already earmarked $530,000 for blockchain research and IBM has steady expanded its involvement in blockchain across many fields especially in the financial sector of applied blockchain technology.

Fundstrat’s Tom Lee Recalibrates His Bitcoin Forecast to $22k from $25k

Bitcoin bull and managing parent of Fundstrat, Tom Lee has lowered his Bitcoin price forecast for this year from $25,000 to $22,000.

He argues that the correct price of Bitcoin should be double of its mining cost which stands at $9100 currently.

This would mean that the right cost of Bitcoin should be around $18,200 however other variables should see the price of the Bitcoin reaching about $22,000 before the end of the year.

He also added that he and his company are confident with Bitcoin as a great risk/reward and they are positively sure that the aforementioned price will be met at the end of the year.

Earlier the Bitcoin maximalist have stated that Bitcoin should start to rebound during or after the Consensus 2018 held in New York however his prediction did not materialize.

Facebook Has A New Blockchain Engineering Director

Online news outlets have reported that Facebook has appointed one of its senior engineers, Evan Cheng, as its first director of blockchain engineering. This was confirmed by Facebook on Thursday.

Evan Cheng worked in Apple before serving as the director of engineering for programming languages and runtimes at Facebook.

Although Cheng has not formally worked as a blockchain or cryptocurrency specialist his twitter profile description reveals that he delves in cryptocurrencies and blockchain off-work implying a certain degree of expertise in the subject matter.

Last May, information surfaced that Facebook has launch a team specifically formed to explore the emerging technology.

With the discovery of the new head it might as well be a signal that we might see blockchain-powered service offering soon from the social media giant.

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