SpaceTravel, the Singapore-based startup that goals to mix blockchain, AI, eCommerce, AR, and gamification, carried out a digital roadshow on Might 22. As the corporate intends to revolutionize the tourism business with blockchain, its roadshow centered on the post-COVID blockchain and cryptocurrency period.
The SpaceTravel ground 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 recreation is on
In line 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 have been quickly shedding worth in the course of the unfold of the pandemic. Pang added that the instances of quarantine had made us rely extra on cashless cost strategies. And this provided cryptocurrency a beautiful alternative to create go mainstream, the SpaceTravel advisor felt.
He went on to level out that the crypto house had developed in safety and was supporting decrease processing charges. However even with all that, it was nonetheless thought of as speculative belongings. And to set off mass adoption, higher cost options for crypto with simple and fast conversion to fiat would play a pivotal position.
The place are we heading after Bitcoin halving and pandemic?
In line with Richard Choi, for any blockchain undertaking to remain within the recreation post-pandemic, it must resolve a big drawback. And on high of that, the end-product should disguise all of the technological complexities.
Speaking about Bitcoin halving and its impression, each Shashwat and Richard expressed their sensing loads 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 house or get in higher gear. And because of this, we’d expertise environment friendly decentralization and a stronger community.
What is going to pattern now?
In line with Shashwat Gupta, Bitcoin halving was such a giant occasion that it might have shadowed the progress of altcoins. Consequently, altcoin tasks had been holding again on their milestone bulletins. Now that Bitcoin halving was over, the tasks have been beginning to transfer now. As per Shashwat, tasks like Enjin, Cardano, Ripple ILP, Quant, ShareRing, Crypto.com, Matic, Kyber, and extra have been asserting main updates. He added that DeFi (decentralized finance) and blockchain gaming have been presently the 2 most fascinating verses of blockchain.
Will cryptocurrencies ever be regulated?
As Richard Choi mentioned, the regulation was inevitable and would each hinder in addition to speed up the adoption of cryptocurrencies. Whereas it’d sluggish the tempo of adoption, it might give cryptocurrency a particular and legit standing within the financial society. And this boded properly for cryptocurrencies. within the mid to long run
In line with Shashwat, what we have been witnessing now was only a trailer of regulatory boundaries round crypto. Within the subsequent 5 years, we would see a sea of change in regulation as there might by no means be any single tackle it. And as he indicated, Altcoin Buzz had been testing extra blockchain platforms and had witnessed a big spike in common month-to-month readers.
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 life-style journey app BUBU that operates on the Zilliqa blockchain. Utilizing the BUBU app, customers can get pleasure from indoor navigation, e book lodging, and transport. Together with that, BUBU customers can get pleasure from reductions too.
Additionally, the app gamifies consumer expertise because the retailers can set up actual connections with their shoppers. And this allows them to know extra about how vacationers spend and their habits to supply extra rewarding providers.
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.