CryptoMonday: Dorsey Still Believes And Go-Ahead In Blockchain

Dawid Paluch
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To paraphrase one of the greats, snow is falling, all around us. Therefore, a hard winter strikes the cryptocurrency industry. Bitcoin remains in the longest bear market ever. Yet Jack Dorsey still believes in Bitcoin. Also: Go-Ahead is going into blockchain and many more.

Blockchain center in Geneva

Switzerland is one of the most progressive countries in the world. Swiss always see an opportunity and go into it. A few months ago, we reported that Swiss railways would rely on blockchain. Now, this European country has set up a blockchain center.

According to the announcement, WISeKey, a Switzerland-based blockchain company, has opened a Blockchain Center of Excellence in Geneva.

Probably Bitcoin will be the currency of the internet

Lately, Jack Dorsey, the founder and CEO of Twitter, was a guest on Joe Rogan Experience. He is also known as a Bitcoin bull.

Dorsey stated:

“I believe the Internet will have a native currency and I don’t know if it’s Bitcoin. I think it will be [Bitcoin] given all the tests it has been through and the principles behind it, how it was created. It was something that was born on the Internet, was developed on the Internet, was tested on the Internet, [and] it is of the Internet.”

A UK transport provider has partnered with crypto startup

Go-Ahead Group Plc., one of the largest public transport providers in the United Kingdom, is partnering with DOVU, a blockchain startup. Two companies will create a tokenized rewards system for rail customers.

Earlier, DOVU partnered with BMW to develop a tokenized system of rewards that encourages drivers to track mileage on their leased vehicles.

The longest crisis

Lastly, there is a matter of cryptocurrency impasse. Now it becomes official: Bitcoin is in its longest bear market in the history. The most famous digital coin entered the longest stretch of declining prices in its a decade-long history.

Over a 13 months ago, BTC reached its peak at almost $20,000 level. After that, the price started to fall. Now, the oldest cryptocurrency is worth only $3,450. What’s even more disturbing, there aren’t any signs that the situation is going to change. Still, some people suggest that Bitcoin will go up and the current situation is only a minor slump. We will see whether they are right or not.

Image by JStone / JuliusKielaitis / shutterstock.com

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