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DYdX, an in-development decentralized exchange for cryptocurrency derivatives, has raised an undisclosed amount in a seed funding round. There are 2 comments. May 18, at You have bitcoin emailed the post.
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Among the potential consumer use cases for the 'BitShare' chip were micropayments on mobile devices, which Srinivasan said would resolve the pain point consumers face in the developing world when needing to "dig out their credit cards" when making online purchases.
Additional consumer applications included subsidizing the cost of bringing new consumers online and providing them with financial services. He cited the success of the iPhone, which subsidized its cost for new users, as a model that could potentially be replicated, reducing the upfront costs of phone buying in exchange for a consumer paying bitcoin over time. The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
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