With Money Button's acquisition by the Bayesian Group and RelayX's launch of the USDC stablecoin, Bitcoin wallets are entering a new era.
This CoinGeek conference in particular, CoinGeek Live, there were tons of announcements that indicate that there is a lot on the horizon. Here are three announcements from CG Live that caught my eye.
Bayesian Group Acquires Money Button: Nobody was expecting Money Button to be acquired—and not many people even knew that the Bitcoin payment system was for sale—so when it was announced that the Money Button got acquired by Bayesian Group the day before the three-day CoinGeek conference began, it came as a surprise to everyone.
However, this acquisition sets the stage for Money Button to be the MetaMask of Bitcoin. Bayesian Group is the parent company behind the tokenization platform fabriik, and now that they own Money Button, you can expect Money Button to be one of the first wallets that is compatible with the tokens that are set to arrive on the Bitcoin network in the near future.
Speaking of tokenization brings me to the second event that happened around CG Live that caught my eye; the Tokenized demo.
Tokenized Demo: On Day 2 of the conference (October 1st) James Belding, founder and CEO of Tokenized, gave the audience a first look at the Tokenized platform. Tokenized makes token creation and distribution easy while staying compliant with a country's legal framework throughout the process.
With Money Button’s infrastructure in place, Bayesian group’s token platform, and Tokenized gearing up to launch, I expect there to be a wave of tokenization arriving on the Bitcoin network very soon.
If you happened to have missed James Belding's presentation at CoinGeek Live, Belding will be doing a very thorough live demo of Tokenized on October 9, and you can register to attend the webinar here.
nChain leads GeoSpock investment round and acquires Equaleyes: The last two events—at least the last two events I will write about for now—that caught my eye at CoinGeek Live was nChain leading the investment round for the data firm Geospock on October 2 and its acquisition of the software development firm Equaleyes on October 1.
What’s interesting about the Geospock investment is that Global Brain and NTT Docomo also participated in the investment round; with nChain co-leading the investment round, you can expect other venture capitals at the table to look into Bitcoin.
Bitcoin is shaping up to have a strong Q4 and an even better 2021 with all of the developments taking place in the Bitcoin ecosystem as we speak. That being said, there is a lot to look forward to in regard to both enterprise and consumer-facing applications. So be on the lookout for updates across the Bitcoin ecosystem and check back on CoinGeek for the latest news taking place in and around Bitcoin as a blockchain and digital currency.
Patrick Thompson looks back on the three significant announcements that were made during the CoinGeek Live conference.
To understand what the acquisition means to BSV, first, we need to understand two companies: Money Button and The Bayesian Group.
The Bayesian Group has been working on “consumer-first, transparent solutions built on Bitcoin SV,” in line with its mission of furthering positive change by transforming the fabric of our global systems.
Cassandra Cook, senior director of enablement at Bayesian Group, gives CoinGeek more information about what the group does and what she is looking forward to at the CoinGeek Live Conference.
The Bayesian Group will likely integrate Money Button features into its fabriik smart contract and asset tokenization platform.