VideoCoin Adds Cash Payments and Rewards in Bid to Take On AWS

[Paglamon]

Announced Tuesday, Minor’s VideoCoin platform, which draws on dormant computing resources to process streamed video, is adding fiat payment rails as the project looks to move beyond the limited sphere of crypto and blockchain tokens. The network becomes commercially available starting May 27.

A broader reach is essential, says Minor, CEO of Live Planet, an immersive video startup that provides technology to VideoCoin, in order to take the fight to the market-leading Amazon Web Services (AWS). (Interestingly, Minor’s first job at Merrill Lynch saw him team up with co-worker Jeff Bezos on a publishing platform.)

“Taking serious aim at mass adoption is surprisingly absent from the crypto industry. There are really no services you can use a credit card to perform,” said Minor. “A company like Fox is never going to go to an exchange and buy volatile tokens. You kind of have to be in the crypto world to use crypto projects – and we are trying to break that barrier down.”....
More info: https://www.coindesk.com/videocoin-adds-cash-payments-and-rewards-in-bid-to-take-on-aws

[mnixxo.crypto]

Thank you for that information. I have some VID tokens. I wanted to sell them, maybe I will not do it now and wait. Maybe it's time to stake them. I need to look closer at it.