SpaceTravel, the Singapore-based startup that goals to mix blockchain, AI, eCommerce, AR, and gamification, performed a digital roadshow on Could 22. As the corporate intends to revolutionize the tourism business with blockchain, its roadshow targeted on the post-COVID blockchain and cryptocurrency period.
The SpaceTravel flooring was shared by Kevin Pang (advisor, SpaceTravel), Ethan Ng (CEO, Biki Alternate), Nguyen Nhat Quang (COO, VIC), Richard Choi (Co-CEO, Carry Protocol), and Shashwat Gupta (Co-founder & CEO, Altcoin Buzz). Basically, the audio system elucidated how pandemic and Bitcoin halving have each modified the playground for blockchain and cryptocurrency.
The adoption sport is on
In accordance with Kevin Pang, the pandemic-inflicted financial crises had led to wider adoption of cryptocurrencies. This was as a result of the government-controlled fiat currencies had been quickly dropping worth through the unfold of the pandemic. Pang added that the occasions of quarantine had made us rely extra on cashless cost strategies. And this supplied cryptocurrency a beautiful alternative to create go mainstream, the SpaceTravel advisor felt.
He went on to level out that the crypto area had advanced in safety and was supporting decrease processing charges. However even with all that, it was nonetheless thought of as speculative property. And to set off mass adoption, higher cost options for crypto with simple and fast conversion to fiat would play a pivotal function.
The place are we heading after Bitcoin halving and pandemic?
In accordance with Richard Choi, for any blockchain mission to remain within the sport post-pandemic, it must resolve a major downside. And on prime of that, the end-product should disguise all of the technological complexities.
Speaking about Bitcoin halving and its affect, each Shashwat and Richard expressed their sensing a whole lot of optimism round. Each agreed that halving would certainly cleanse the Bitcoin community. Basically, it implied that the inefficient miners would both go away the area or get in higher gear. And consequently, we’d expertise environment friendly decentralization and a stronger community.
What is going to pattern now?
In accordance with Shashwat Gupta, Bitcoin halving was such a giant occasion that it could have shadowed the progress of altcoins. Consequently, altcoin initiatives had been holding again on their milestone bulletins. Now that Bitcoin halving was over, the initiatives had been beginning to transfer now. As per Shashwat, initiatives like Enjin, Cardano, Ripple ILP, Quant, ShareRing, Crypto.com, Matic, Kyber, and extra had been asserting main updates. He added that DeFi (decentralized finance) and blockchain gaming had been presently the 2 most fascinating verses of blockchain.
Will cryptocurrencies ever be regulated?
As Richard Choi stated, the regulation was inevitable and would each hinder in addition to speed up the adoption of cryptocurrencies. Whereas it would sluggish the tempo of adoption, it could give cryptocurrency a particular and bonafide standing within the financial society. And this boded nicely for cryptocurrencies. within the mid to long run
In accordance with Shashwat, what we had been witnessing now was only a trailer of regulatory boundaries round crypto. Within the subsequent 5 years, we’d see a sea of change in regulation as there may by no means be any single tackle it. And as he indicated, Altcoin Buzz had been testing extra blockchain platforms and had witnessed a major spike in common month-to-month readers.
About SpaceTravel
SpaceTravel originated as a satellite tv for pc and navigation know-how whereas associating with a number of authorities organizations in Singapore. It has now developed a way of life journey app BUBU that operates on the Zilliqa blockchain. Utilizing the BUBU app, customers can take pleasure in indoor navigation, ebook lodging, and transport. Together with that, BUBU customers can take pleasure in reductions too.
Additionally, the app gamifies person expertise because the retailers can set up actual connections with their customers. And this allows them to know extra about how vacationers spend and their habits to supply extra rewarding companies.
Through the post-pandemic period, when journey restrictions are nonetheless going to be round, SpaceTravel helps vacationers relive previous experiences, begin planning journeys, and order genuine souvenirs.
Altcoin Buzz was curious to know whether or not BUBU can be a token on Zilliqa and if the app would support XSGD too. SpaceTravel shared that this is able to occur for certain as soon as the regulators allowed that.
