Jumping into ICON (ICX) is blockchain more valuable than cryptocurrency

ICON (ICX) plans a cryptocurrency for Vending Machines

Strangely, ICON’s most valuable piece of technology involves the humble vending machine. ICON is developing U-Coin; a cryptocurrency that vending machines on South Korean university campuses can accept.

What is ICON (ICX)?

Like Ethereum (ETH), EOS (EOS), and Bancor (BNT) ICON is actually a developer of blockchain financial services technologies. Thus the real purpose of ICON is to commercialize the blockchain not to promote a cryptocurrency.

Is Blockchain more valuable than Cryptocurrency?

Therefore, the real money blockchain solutions make could be from fintech solutions. For instance, Ripple (XRP) could make money by charging people every time they send a cross-border payment or remittance through its networks.

Is ICON (ICX) a Good Cryptocurrency?

Mr. Market has faith in ICON (ICX) as a cryptocurrency; despite these concerns. For example, Coinmarketcap ranked ICX as the 46th most valuable cryptocurrency on 5 February 2019.

What is the Value of the ICON (ICN) Cryptocurrency?

In addition, there are very basic limitations to the ICN cryptocurrency. Most importantly, it is apparently not convertible to popular blockchain technologies like Ethereum (ETH) and EOS (EOS). Hence, it might not be possible to easily convert ICN into other altcoins.



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Daniel G. Jennings

Daniel G. Jennings


Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.