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Ethereum, DeFi Go Mainstream Visa and Reddit Integrations

May 18, 2020

Reddit Launches Community Points

Reddit Integrations

First, Reddit launched the initial trials for “community points” – ERC20 tokens used to incentivize and reward contributions within certain subreddits. The Reddit trials are launching with two prominent communities combining for millions of active users – /r/cryptocurrency and /r/FortniteBR.

There’s an increasingly bullish case beginning to emerge for DeFi and Ethereum at large. The news of both Reddit and Visa exploring potential implementations for the technology may be one of the driving catalysts for the next market cycle.

That said, it’s important to understand that these are likely multi-year long roadmaps for both companies. Reddit launching community points to the thousands of subreddits and Visa releasing a “digital currency” will not happen in the next week and it may not even happen this year.

But, there’s no doubt that major companies across the world are genuinely exploring and understanding the potential for our nascent industry.

With EY building NightFall, ErisX launching CFTC-regulated Futures, Reddit exploring Community Points, Visa seeking to file a stablecoin patent, there’s a common theme among all of them.

reddit-defi-beeders

The Key Takeaways

There’s an increasingly bullish case beginning to emerge for DeFi and Ethereum at large. The news of both Reddit and Visa exploring potential implementations for the technology may be one of the driving catalysts for the next market cycle.

That said, it’s important to understand that these are likely multi-year long roadmaps for both companies. Reddit launching community points to the thousands of subreddits and Visa releasing a “digital currency” will not happen in the next week and it may not even happen this year.

But, there’s no doubt that major companies across the world are genuinely exploring and understanding the potential for our nascent industry.

With EY building NightFall, ErisX launching CFTC-regulated Futures, Reddit exploring Community Points, Visa seeking to file a stablecoin patent, there’s a common theme among all of them.

Source

Defi Beeders
https://defi.beeders.com/

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