Greetings from day three of Consensus, where the mood has grown increasingly celebratory after bitcoin broke $8,000 for the first time in almost a year on Tuesday. Bitcoin and other cryptocurrencies have been rallying for the last two weeks, and some have speculated that investors could be using crypto as a hedge against the capital markets, which have suffered as trade tensions between the U.S. and China grow.
Among the flurry of announcements timed to the crypto conference, one stands out as particularly big for the industry: Whole Foods and a host of other major retailers are working with a new venture, Spedn (pronounced “spend”), to accept payments in crypto. Below, we discuss why this big development might not actually be what crypto is looking for, as well as exclusive details about funding for a new stablecoin.
