Back in the 1980s, online ornaments of trade were called cyber currencies. Not much was known or heard by most public members until 2008, when Satoshi Nakamoto introduced Bitcoin, the first cryptocurrency. Since its inception, Bitcoin’s rise in value has seen the introduction of many other coins that people do trade with online. Governments, millionaires, corporate bodies, and the common person have all ventured into the lucrative trade of cryptocurrency.
Citizens of Ukraine who have been forced to relocate because of the war also testified to have been redeemed by the cryptocurrency they had saved. From the look of things, the value of crypto will continue rising and has not yet shown any signs of dimming so far. Gaming platforms have also adopted cryptocurrency, utilizing cryptos like Tron and Enjin.
Today the crypto sector is worth more than 2 trillion dollars in valuation. Israel’s investment in cryptocurrency has already surpassed the 1 billion dollars mark.
At the Israel crypto conference that was held last year, it was noteworthy that Israel boasts of some of the leading companies in crypto. Present at the press conference were COTI CEO, Fuse network leaders, and Celcius co-founder, who lauded the milestones being achieved in cryptocurrency. Here are some of the companies in the crypto arena that come from Israel.
COTI is an Israeli-developed crypto platform implemented as a payment processor for the Cardano network, one of the largest blockchain platforms in the crypto industry. COTI CEO expressed optimism at the crypto conference in Israel that all future payments will be digitized, noting that the underlying technology remains the same, whether by central banks or private institutions. Therefore, he promises that COTI will be there to contribute to offering the solutions.
Celcius is a global platform that provides crypto users financial independence by enabling them with fair and transparent financial services. Celcius has a range of mobile and desktop mobile wallet apps that enables users to borrow coins, earn yields, buy coins, and swap assets with more than 40 top cryptocurrencies in the market today.
Fuse network aims to be a global leader in the crypto payments industry. It is building on Ethereum standard but has tweaked its use cases to newer concepts other than what is traditionally seen on Ethereum. Fuse leaders believe that soon people will be using crypto without necessarily going through the blockchain.
Efficient Frontier is an algorithmic trading and research company with global trading volumes of over 200 million dollars and has partnered with some of the biggest crypto exchanges in the market. Efficient frontiers provide liquidity and market-making services, and they expect their portfolio to increase astronomically in the near future.
Key players in the crypto industry believe that more countries will follow China in embracing cryptocurrency technology and probably develop their forms of cryptocurrencies. However, as stated by COTI CEO, the underlying technology will remain the same, and investing in crypto is a good idea.