This is a repost of an original story I wrote on the Leo Finance platform over on the Hive blockchain.
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I was flipping through the channels the other day and "Field of Dreams" just happened to be on. I am a pretty big Kevin Costner fan and in my opinion, that movie is one of his greats. In what I would call a moment of obligation, I paused on that channel and watched a good ten to fifteen minutes of the movie. The stadium was already built, so it was well past the "If you build it, they will come" part, but I watched anyway.
I know I am probably not the first one to use the famous line from that movie as a title for a post. In fact, there were probably people using that phrase back in 2017 when they were blogging about blockchain. Despite all of that, it still holds very true.
Articles about cryptocurrency and blockchain have not been in short supply over the past three years. Especially in the last month, there has been a growing number of news and media outlets covering "this blockchain thing".
In the past week, a couple of articles really jumped out at me.
The first one I am going to talk about showed up on my news feed last night right before I went to bed.
Apparently, there is a global investment company named Guggenheim. As big as they are, I feel like I should be familiar with them, but unfortunately, the only Guggenheim I have ever heard of is the museum. Anyway, according to the story I read, this global investment and financial advisor is getting ready to dump about half a billion dollars into BTC.
The paperwork is in the process of being filed with the SEC for them to invest in the Grayscale Bitcoin Trust.
I don't know about you, but that seems like a huge amount of money to me. It took them long enough, but I think we can finally say that the big dogs have come around and they are ready to play.
As for the second news story:
I am one of the lucky few who was able to take part in the Keybase Stellar Lumens airdrop. That was before the abusers tried to game the system and they had to shut it all down. It is too bad because they were sitting on another million or so tokens that they were going to distribute over the next month.
Instead, I ended up with a fraction of what we were supposed to. I sold some of them, but I held on to the rest. I have been pretty excited to see the price of XLM get up to the $.20 point over the past couple of days.
It is safe to say I got a little excited the other day when I read about Velo Labs and VISA working together with Lightnet for a project on the Stellar network that will support cross boarder payments in Asia.
Using the VELO token on the Stellar chain, they are looking to create an asset that will provide secure financial solutions.
The article threw out a figure that stated something like 30% of the requested loans are not getting secured because people do not have the proper credit or collateral to approve it. In what sounds like a DeFi type system the VELO token would allow holders to use it as collateral for these small loans.
They expect the system to be able to service close to 1 billion people and via the integration with VISA, it will also help them build credit in the cases where they have none or it is bad.
These are just a couple of the exciting things that I think is going to bring more and more people to blockchain and cryptocurrency. It has been built, and they are definitely coming. Are you ready?
