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SeedlyTV S2E09

The Future Of Money In A Post COVID-19 World! Live on Wednesday, 17 June 2020, 8pm

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SeedlyTV S2E09

Cryptocurrency

MCO Visa Card

Stocks Discussion

Bitcoin

Litecoin

Ethereum

Binance

Currency Exchange

What should I look out for in a good and safe Cryptocurrency exchange to buy and sell these digital assets?
Lee John
Lee John
Level 7. Grand Master
Answered 3w ago
MCO

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SeedlyTV S2E09

Cryptocurrency

Multi Currency Cards

MCO Visa Card

I am a Ruby Red holder,. How can your regular users help with the mass adoption process of crypto? How do you explain to regular people how nodes, feeless transactions, and general cryptos work?
Lee John
Lee John
Level 7. Grand Master
Answered 4w ago
They offered 10% rebates during this circuit breaker which is a good offer and a good step for people to take up this card.

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SeedlyTV S2E09

Cryptocurrency

For holders for XSGD, what is the use case for XSGD?
Lee John
Lee John
Level 7. Grand Master
Answered 4w ago
It is a stable coin pegged to SGD. It is aimed to become a secure, efficient and interoperable digital currency ecosystem in Asia Pacific.

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SeedlyTV S2E09

Cryptocurrency

How long and what factors do you think will be needed for digital currencies to become a standard in the world?
Lee John
Lee John
Level 7. Grand Master
Answered 4w ago
It needs to be adopted by a major regulator/player in the market for it to be mainstream. Maybe a decade.

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SeedlyTV S2E09

Cryptocurrency

Bitcoin

What do you think of stable coin: e-RMB?
Lee John
Lee John
Level 7. Grand Master
Answered 4w ago
It is just a digital version of the RMB. It reduces need of physical curreny in circulation.

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SeedlyTV S2E09

Cryptocurrency

Savings

Investments

Currency Exchange

What happened to all the ICO companies which was booming around 2 years back? Were they mostly scams?
Most of them over promised and under-delivered, and yeah quite a few were scams, so be careful!

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SeedlyTV S2E09

Cryptocurrency

Investments

Stocks Discussion

Bitcoin

Binance

What impact does the recent Bitcoin halving have on the price and supply of Bitcoin in the market?
BTC halving would result in its issuance rate getting halved, with supply decreased, and on the flipside, adoption getting more and more popular, demand rises, the price of BTC would have to increase to find a new equilibrium based on economics. Here's a more detailed explanation and fundamental analysis on BTC: https://medium.com/tokenize-xchange/bitcoin-halving-an-in-depth-analysis-7fb0c5045d6

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SeedlyTV S2E09

Cryptocurrency

As fiat is so ingrained in daily usage, spending cryptocurrency usually involves transaction and conversion fees. Do you think this inefficiency will prevent the adoption of cryptocurrency?
The adoption of cryptocurrency takes time i suppose, however the underlying problem they definitely could solve is the remittence issue. Unlike traditional ways, transferring BTC or ETH is definitely faster and goes through 0 intermediaries which is definitely lesser transaction and conversion fees.

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SeedlyTV S2E09

Cryptocurrency

Binance

Bitcoin

Ethereum

Litecoin

Currency Exchange

As Singapore and the world move towards being cashless, do you think it is possible for cryptocurrency to replace money? Why?
IMO, fiat and crypto would co-exist at least for the forseeable fuure. As of now the scalability isnt there yet for blockchains such as Bitcoin as a global currency

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SeedlyTV S2E09

Cryptocurrency

MCO Visa Card

Multi Currency Cards

When is MCO going to moon since it has been dropping a lot relative to CRO?
MCO is gone now due to the swap. CRO is the only token left in their ecosystem

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