This week’s summary of various cryptocurrency news and developments
IBM claims 65% of world’s major banks will use blockchain by 2019
A recent report from IBM suggests that by 2019, 65% of the world’s major banks will be using blockchain technology. The CEO Ginni Rmoetty, speaking at the Sibos Conference, said that she wasn’t talking about bitcoin or any other type of cybercurrency, but about the technology that allowed trust and efficiency in exchanges. According to her, blockchain will do for transactions what the internet did for information. IBM has been experimenting with blockchain for a while now, delivering it as a service for developers.
Amazon launches its own virtual currency, called Stream+
Twitch, a company owned by Amazon, has recently announced that it will be launching its own virtual currency, Stream+, as a loyalty points system where players can earn points by watching streams. According to Patrick Gilmore, head of Amazon Game Studios, it can be used in “polls and wagering”. The coin will roll out when the game Breakaway goes public, but it is yet unknown if users will be able to buy, sell or trade the currency elsewhere. The move comes with some controversy, as the gaming