Crypto Daily: Coinbase Issues Visa Debit Card; StackOverflow Developer Survey- 80% of Organizations Do Not Use Blockchain.
StackOverflow Developer Survey: 80% of Organizations Do Not Use Blockchain
【cointelegraph】Major developer community website StackOverflow has surveyed nearly 90,000 developers, and the results published on April 9 show that 80% of organizations are currently not using blockchain.
As well, 12.7% of the developers responded that organizations use blockchain for non-currency applications, 4% for cryptocurrency-related applications, 2.1% accept crypto as payments and 1.3% are implementing their own cryptocurrency.
StackOverflow also claims that developers in India are the most likely to say that their organizations are using blockchain technology.
The most significant portion of developers, 29.2%, believes that blockchain is useful across many domains and could change our lives in many ways. Still, 26.2% thinks that it is useful just as an immutable record-keeping technology and has no use as a currency, and only 12.2% believes it is useful for decentralized currency applications.
In a likely reference to concerns over the impact of Proof of Work mining on the environment, 15.6% of the respondents noted that they think blockchain to be an irresponsible use of resources. Lastly, 16.8% believes that blockchain technology is just a passing fad. The report claims that the optimism concerning the usefulness of blockchain technology is largely concentrated among younger and less experienced developers:
“The more experienced a respondent is, the more likely they are to say blockchain technology is an irresponsible use of resources.”
As Cointelegraph reported earlier this week, most tax and finance executives do not consider adopting blockchain technology, according to a recent survey conducted by Big Four auditing firm KPMG.
Another KPMG survey, the results of which were published at the end of February, showed that 48% of C-level executives believe blockchain is likely to change the way they do business in the next three years.
Coinbase And Visa Are Making Bitcoin, Ethereum, Ripple’s XRP, And Litecoin Payments A Reality
【forbes】Bitcoin and other major cryptocurrencies, including Ethereum, Ripple’s XRP, and Litecoin, have long struggled against accusations they are harder to spend and use in the real world than their traditional fiat counterparts.
The bitcoin price, which leaped higher last week to trade around $5,000 per bitcoin, has been called too unstable and volatile to be used as a means of payment, resulting in bitcoin and other cryptocurrencies being used more of a store of value, like gold, than traditional means-of-exchange currency.
Now, major bitcoin and cryptocurrency exchange Coinbase has teamed up with global payments processor Visa to try to change that, launching the Coinbase Card which allows users to “spend crypto as effortlessly as the money in their bank.”
The Visa debit card, which has a £4.95 ($6.50) card issuance fee, can be used to spend Coinbase bitcoin, Ethereum, Ripple’s XRP, and Litecoin balances “in millions of locations around the world,” by converting the cryptocurrency to fiat when the card is used — the merchant or store gets paid in traditional fiat currency.
Coinbase users can choose which cryptocurrency is used on the card through a new app which supports all crypto assets available to buy and sell on the Coinbase platform. The app also offers instant receipts, transaction summaries, and spending categories, to help people keep track of their spending.
Bithumb Announces External Audit Results in Wake of $13 Million Hack
【cointelegraph】South Korean cryptocurrency exchange Bithumb has conducted a professional external audit of its funds after a major hack last month, the company confirmed in a statement on April 11.
Bithumb, South Korea’s largest exchange, lost around 14 billion won ($13 million) two weeks ago in an event executives believe was masterminded by an insider.
Now, Bithumb has used a third party to assess its reserves, repeating its previous assurances that customer funds remained safe in cold storage wallets.
The 14 billion of hacked EOS (EOS) tokens, a previous statement said, represented company-only funds. All remaining funds in its hot wallet were moved to cold storage following the loss.
“We have stated that we will conduct fair and objective due diligence on all assets that we have through a reliable external Audit,” the statement reads, linking to the accounting firm’s statistics. The statement continues:
“We are pleased to inform you that our members’ valuable assets are managed and maintained in a systematic / safe manner through the attached due diligence report.”
As Cointelegraph reported, it is not the first time Bithumb has dealt with security difficulties. Last August, a larger hack saw the loss of tokens worth up to $30 million.