Another Step Forward For Cryptocurrency: Zoom Adds Crypto
Zoom is zooming along. The company, in spite of some security flaws, is benefiting greatly from the coronavirus.
As businesses and individuals isolate, the online video conferencing platform saw its user base explode. This caught the eye of Wall Street meaning that some heavy hitters are watching the company.
It was announced that the company is taking another step forward by integrating SmartSessions, developed by 2key.Network, to enable business owners to monetize their video conferences. The system works on top of the Ethereum blockchain.
Adding this to the platform makes it easier for small business owners such a yoga teachers, personal trainers, and tutors to monetize their content.
SmartSessions will make life easier for individuals to make payments by accepting credit cards to get people the cryptocurrency.
This could be a nice forum to introduce people to cryptocurrency. The Zoom platform exploded to 200 million users due to the coronavirus.
By using this, business owners can afford banking fees. Since the transactions are on a decentralized blockchain, it makes it hard to break into, known as Zoom-bombing.
With rapid and secure payments as well as keeping unwanted parties from the call, the platform just moved forward.
It also could be a major boost in the arm for cryptocurrency in general. The industry has fought to introduce new people and a platform with such a broad user base could really help.
2020 could be the year that crypto is introduced to billions first-hand.
Every new company that embraces the crypto revolution. It will help to enhance the ecosystem of crypto. :)
With the vast user base hosted across multiple countries on the zoom platform, this move actually makes a whole lot of sense. Not only will several businesses and subsector thrive, it will introduce more people to cryptocurrency which is a good thing. I am all for anything that leads to more crypto adoption. Projects like KoinPro are already at the forefront of this with cutting edge blockchain technologies for futures trading as well as commodities trading making it possible to directly invest in assets like gold, oil and other CFDs. The liberation of the crypto technology is closer and it is getting pretty exciting.