The ethereum world is at again.....smh.

So my guess is that ethereum is not doing so well and in a effort to keep the party going. "Wrapped Bitcoin" (WBTC) was lauched. It's a ERC-20 coin. A joint effort of the Kyber network, BitGo & a few other companies.

This an attempt at the decentralized space for stable coins, flex pay and smart contracts for the ethereum network.

Wonder how this will fair? Only time will tell as the crypto space starts to recover, I'm sure they have their fingers crossed.

Thanks for taking the time to read my post.

Source: https://goo.gl/k2B3ge

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