Mark Weaden
The Monsoon blockchain aims to power the next generation cryptocurrency ecosystem
California-based company Monsoon Blockchain provides cutting-edge technology, which will power the asset-backed cryptocurrency Bitcoin Latinum. Bitcoin Latinum will provide a greener, faster, safer, ecosystem that will aim to transform digital transactions.
Bitcoin Latinum is designed on open-architecture cryptocurrency technology, allowing huge volumes of transactions, top-tier cybersecurity, and digital asset management. The developers are hoping to provide a revolutionary version of Bitcoin, though there are those that doubt the appeal of this given the strength of Bitcoin in the market.
What does Monsoon Blockchain offer?
There are a lot of improvements that the Monsoon Blockchain aims to employ in order to provide an innovative alternative to the current blockchain technologies on the market. In essence, these are the changes:
- Community Governed
- Faster Speed
- Greener, Energy-Efficient Consensus
- Increased Transaction Volume
- Insured and Asset-Backed
- Reduced Cost
The changes will utilize Bitcoin Latinum and provide an advanced blockchain, offering business solutions for digitalizing assets for businesses worldwide. The focus sectors for Bitcoin Latinum are cloud storage, entertainment, financial services, gaming, media and telecommunications. The launch of Monsoon Blockchain will happen sometime during Q3 and will become available across all major public exchanges very soon.
For now, Monsoon Blockchain is focusing on creating partnerships with global organizations to ease and accelerate the integration of Bitcoin Latinum to maximize the reach of the token for retail transactions. The aforementioned industries are the target areas and there is talk of a positive amount of adoption taking place in these sectors.
The wider acceptance of cryptocurrencies
The launch has come at the right time, as the mainstream adoption of cryptocurrency is taking place at an exponential pace. Recent estimates predict that around 15% of U.S. citizens are interacting with crypto, which has been recognized by many financial institutions, the likes of Visa and Mastercard, who have positioned themselves to get their share of the action.
For Monsoon, the focus will be on retailers and merchants wanting to accept cryptos. From restaurants to retail shopping sites, the demand must come from this sector, which you’d expect to see given the number of global citizens holding wealth in digital assets. The ease of purchasing using cryptocurrency is growing. Many of the main concerns regarding making payments with crypto have been solved, namely, merchants receiving payments in crypto and the value being converted into fiat currency. The technology on offer is unique and exciting, so it will be interesting to see how things progress after the launch.
