Following a rocky 2022 climax, the chilling crypto winter seems to be showing signs of warmth. Since the outset of 2023, we’ve observed a notable uplift in the aggregate cryptocurrency market value, climbing by $759 billion to over the $1 trillion mark , indicating a significant 31% rise. While the peak isn't yet reclaimed, this upward trajectory is breathing new life into companies within the sector.
With the market stabilizing, blockchain enterprises are intensifying their focus on innovation. Among factors like inflation, a pivotal reason for the abrupt crypto market downturn was many blockchain brands and tokens failing to showcase tangible value.
In response to this, the focus in 2023 for blockchain brands has shifted from glittering promotions to honing core strengths. This article will unfold the stories of three crypto businesses shaping the practical utility of their endeavors and platforms.
Tangem: Pioneering the Future of Cryptocurrency Wallets
Founded in 2017, Tangem Tangem is redefining the crypto wallet experience, introducing self-custodial wallets that let users carry a multitude of tokens, DeFi assets, NFTs, all within a single card. This cutting-edge solution demystifies the intricate crypto environment, offering a user-friendly, all-encompassing system for cryptocurrency management.
The forthcoming Tangem wallet, set for release in October, integrates enhanced features that elevate user experience and wallet functionality. New capabilities include tracking 24-hour token price shifts, concealed balances, and disabling recovery mode, emphasizing its innovative edge.
Having secured VISA certification last year, Tangem is gearing up to launch Tangem Pay next year, enabling users to transact at Visa terminals with cryptocurrency, with live rate exchanges guaranteeing optimal transaction values using crypto.
Since 2018, Tangem has manufactured over 850,000 cards, maintaining an impeccable security record with its groundbreaking private key system. Featuring access code protection and biometric security, Tangem provides a secure, efficient, and above all, convenient framework for managing digital assets and facilitating payments.
BitGive: Revolutionizing Transparency in Charitable Giving Through Blockchain
A 2021 report analyzed the charity sector, identifying it as ripe for transformation. A prevalent issue in this sector is public mistrust, fueled by obscured fund destinations and vague donation usage, prompting a dip in charitable contributions.
Blockchain, with its transparent and publicly accessible ledger system, offers an ideal remedy for this fundamental challenge. BitGive leverages this intrinsic transparency of blockchain for more effective charitable giving within NGOs and non-profits. Their key partners include reputable international entities like Save the Children and The Water Project.
BitGive is dedicated to fortifying global philanthropy, enabling both businesses and individuals to fund their beloved charities using digital currencies. Their GiveTrack platform presents donors with complete transparency concerning fund allocation and utilization.
As donors gain visibility, charities and NGOs are kept accountable through the GiveTrack blockchain platform, thus assuring that public health and environmental charitable efforts deploy donations efficiently. BitGive enhances the charity sector, using core blockchain transparency to dramatically boost engagement and donations.
Bridging the Financial Gap with Digital Currency Solutions for the Unbanked
Across the globe, nearly 1.5 billion adults remain unbanked – are without banking services or the means to establish an account, for reasons ranging from lack of centralized banking access to absence of a permanent address. This gap is a pressing global issue.
The ETN-Network has identified blockchain as a decentralized and digital approach to this issue. The ETN-Network, with its global cryptocurrency, ETN, facilitates digital wallet creation and currency storage worldwide. Unbanked users can effortlessly download the ETN app, create an account, and begin using ETN within minutes.
In recent years, The ETN-Network has concentrated on widening its utility, bringing ETN payment capabilities to more businesses worldwide. Presently, the network encompasses over 3 million active users across 190 countries, showcasing the significant utility of this innovative payment method.
To bolster unbanked communities further, The ETN-Network introduced the AnyTask Platform. It constructs a global job marketplace, linking individuals with businesses seeking digital services. This system empowers users to earn and spend in their locality, concurrently expanding the business workforce by connecting freelancers with firms globally.
The ETN-Network is all about fostering opportunity for both businesses and individuals, creating a framework where unbanked people can seamlessly engage with the chain, earn, and spend within one sophisticated application.
Final Thoughts
To avoid repeating past mistakes, the blockchain sector must pivot from hype-induced price inflation and establish core practical value. While blockchain technology has a vast array of applications, companies utilizing it must infuse their public offering with substantial functionality.
The three brands highlighted—Tangem, BitGive, and The ETN-Network—demonstrate the ability to address user challenges and resolve issues through blockchain technology. These are practical, effective platforms each offering distinct advancements to the broader world.
Other companies can emulate these blockchain pioneers, prioritizing research, development, and innovation to distinguish themselves from the negative perception attached to pre-crypto-winter blockchain models.
