Crypto Daily: Coinbase Makes LinkedIn’s ‘Top Companies 2019’ List; Canadian Crypto Exchange Coinsquare to Launch CAD-pegged Stablecoin.
Coinbase Makes LinkedIn’s ‘Top Companies 2019’ List
【cointelegraph】United States cryptocurrency exchange Coinbase has become the only cryptocurrency business to make it into LinkedIn’s list of the most popular companies for 2019, results confirmed on April 3.
The yearly rundown, which ranks company popularity among employees, placed Coinbase at 35 out of a total of 50 shortlisted.
LinkedIn ranks contenders according to interest in the company, employee engagement by executives, demand for available jobs and employee retention rate. Different lists are issued for different countries, with Coinbase correspondingly appearing in the U.S. edition.
The exchange has previously made it onto LinkedIn lists, such as in September last year, when it appeared in a rundown of the top 50 startups to work for, alongside payment network Ripple and fellow trading platform Gemini, the product of Tyler and Cameron Winklevoss.
The latest data contains some surprises — Coinbase beat out famously crypto-skeptical JPMorgan Chase, which only attained 44th position.
Twitter and Intel also failed to top Coinbase. The former has recently shown an increasingly pro-crypto stance and the latter has engaged in mining hardware activities as of last year.
Blockchain Could Save Real Estate Exchange Worldwide $160 Billion
【Cointelegraph】Two major United Kingdom banks — Barclays and Royal Bank of Scotland (RBS) — have joined a trial using blockchain to streamline real estate purchasing after rethinking the technology’s potential, Bloomberg reported on April 4.
The trial, which involved a total of 40 participants, used a tool from Instant Property Network (IPN), a startup using enterprise blockchain group R3’s Corda platform.
Introducing blockchain into the real estate exchange arena worldwide could result in savings of $160 billion, IPN told Bloomberg, with the previously skeptical banks appearing to warm to this specific use case for blockchain.
“We are near the end of the hype cycle and have not found a great consumer solution for distributed ledger technology until now,’’ Dan Salmons, director for mortgage innovation at RBS, told Bloomberg. He continued:
“Property is an industry that is ripe for this, where a complex difficult process for customers could be made cheaper and more transparent.’’
Canadian Crypto Exchange Coinsquare to Launch CAD-pegged Stablecoin
Canadian cryptocurrency exchange Coinsquare has announced plans to launch a CAD-pegged stablecoin. To be known as the eCAD, the stablecoin will be exchanged for the Canadian dollar on a 1:1 basis.
The eCAD is expected to breathe life into Canada’s crypto markets and beyond according to Coinsquare’s CEO, Cole Diamond:
The launch of eCAD™ will create the first transparent, affordable, and secure way of transferring value in Canada and beyond, without the risk of instability in the traditional cryptocurrency market.
Coinsquare has claimed that for ‘every one eCAD™ created, one Canadian dollar (CAD) will be held in reserve’. Though it is too early to tell whether this will be greeted with cynicism, Coinsquare can learn from the mistakes other stablecoins have made.
Specifically, Coinsquare should strive to build confidence in its stablecoin by exercising transparency from the earliest opportunity. Lack of transparency is an issue that has dogged the largest stablecoin by market cap, Tether (USDT), to its detriment.
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