In this blog, we curate relevant and remarkable content related to blockchain, cryptocurrency and the digital economy. This excellent piece by Yoav Vilner published on Forbes details Snapchat’s struggles could be solved by blockchain. Read on.
“Reports of the downfall of social media giant and pioneer, Snap are coming at a rapid pace, with the company’s stock price declining by over 25% in less than one month.
The recently admirable company continues to falter in growing its product offerings for users, causing its user base to drop from 192 million to 188 million. Snap is losing talent throughout its business, and faces increasing competition from other social media and technology giants.
While all social media giants such as Facebook and Twitter are experiencing growth difficulties, Snap’s year has been a very unexpected one. Questions about their investor structure and concerns raised about changing revenue plans point directly to blockchain technology as a possible point of disruption.”
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For the longest time since paper money has been invented, traditionalists have always had a consistent definition of what a currency is. According to Investopedia, a currency is “a generally accepted form of money, including coins and paper notes, which is issued by a government and circulated within an economy. Used as a medium of exchange for goods and services, currency is the basis for trade.”