Daily Brief Crypto: Polygon(MATIC) Partnership with Starbucks and more

In today’s briefing:

Polygon(MATIC) Partnership with Starbucks, a Further Step in Polygon’s Institution-Focused Strategy
Hong Kong to Start Trial of E-HKD in Fourth Quarter
Cosmos: The Ecosystem of Blockchains

Polygon(MATIC) Partnership with Starbucks, a Further Step in Polygon’s Institution-Focused Strategy

Polygon Technology provides Ethereum scaling solutions and actively develops institution clients including Starbuck, E&Y, Meta, Reddit, Disney, etc.
By end of 2022, all MATIC tokens, except reserved for staking rewards, will be unlocked, the aggressive unlocking schedule of MATIC token will no longer be a problem.
If viewing Polygon as a tech start-up, it has outstanding performance metircs, however, it is criticized for transparency and centralization problems from a crypto-native standpoint.

Hong Kong laid out an ambitious plan to develop its own retail central bank digital currency (CBDC), the e-HKD, and will start a pilot in the fourth quarter
The e-HKD is not to replace Hong Kong dollar bills, which will remain legal tender, but to provide a new payment method for citizens
Issuance of the Hong Kong digital currency for retail use is expected to play an important role in the economy and have a broad interface with the public

If blockchain technology is to gain widespread adoption, interoperability between blockchains is a necessity.
We’ve seen bridges try and solve this issue, essentially sitting on a pool of different assets and offering their own guarantee that an asset can be bridged over to another chain.
However, bridges have been the target of several hacks this year, such as the $615m hack of Ronin, or the $320m hack of Wormhole.

💡 Before it’s here, it’s on Smartkarma

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network