UK-based Learning Enterprises Organisation (LEO) has launched a completely anonymous digital currency LEOcoin to rival the industry leader Bitcoin. The Bitcoin alternative launched in London on Wednesday will officially begin trading on a Hong Kong-based, global LEOcoin exchange LEOxChange from April 2. The coin will be recognized by other exchanges as well.
Dan Andersson, the co-founder of LEOcoin believes that the new currency will have “greater usability and accessibility than other cryptocurrencies.”
The use of both Proof-of-Stake and Proof-of-Work validation puts LEOcoin in the league of most secure digital currencies.
The organization has promoted the concept to its 131,176 clients thereby essentially making it the “second largest currency” in the world.
The launch of LEOcoin is a very risky gamble considering that the same organization commissioned a survey of 1000 small- and medium business owners which revealed that a huge 85% of the respondents are either “not very likely” or “not at all likely” to accept cryptocurrencies like Bitcoin, Litecoin, Dogecoin and others in the future.
The study conducted by YouGov also brought to light that higher awareness has failed to push mainstream adoption of digital currencies. With an awareness level of 86%, a mere 2% were ready to accept a digital currency.
To this, Dan Andersson said that, “the industry needs to do much more to establish its credibility.”
On a positive note, LEOcoin’s aim to boost cryptocurrency usability and accessibility for potential users seamlessly aligns with the primary motive of the whole digital currency industry.
Dan Andersson, the co-founder of LEOcoin believes that the new currency will have “ greater usability and accessibility than other cryptocurrencies. ”
To promote […]
Jimmy Nguyen , the president of the Bitcoin Association, traveled recently to Colombia in order to spread the word on… Read More
Silk Road , a dark web drug market founded by Ross Ulbricht under the pseudonymous nickname “Dread Pirate Roberts” has… Read More
Overview of the new Decentralized Fair Payment System (dFPS) Masternodes are typically a node that can be ran on certain… Read More
SLIEMA, Malta, July 23, 2019 /PRNewswire/ -- Bitcoin Hyper ("BHY"), an innovative new cryptocurrency that provides consumers with the ability… Read More
Ripple (XRP/BTC) is down 66% YTD. An analyst on Twitter predicts that it will fall further before launching a massive… Read More
A historical Bitcoin price chart on a logarithmic scale. In a recent episode of her Unchained podcast , Laura Shin… Read More