Category Archives: Asia Pacific

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Blockchain Among Top 10 Skills in LinkedIn Report for Asia Pacific

Blockchain Among Top 10 Skills in LinkedIn Report for Asia Pacific

A fresh study by professional social networking site LinkedIn has confirmed what many have been suspecting for a while — that blockchain skills are one of the most important skills employers in the Asia Pacific are looking for.

The Asia Pacific (APAC) localized version of “The Future of Skills” 2019 report is a regular business feature from the social network and it has identified a trend for blockchain skills demand for the next few years. The specific skill set is in fact the ability of “setting up and managing a distributed and decentralised public ledger” — which is one of the capabilities blockchain is known for. This is closely followed by artificial intelligence (AI) and compliance, two buzzwords that commonly follow any white paper in a blockchain project or startup.

Singapore, Hong Kong and South Korea lead the countries seeking out these new skill sets. The disruptive nature of all these technologies, it seems, also comes with a close need for compliance with the eyes of legislators and market regulators now trained on emerging tech sectors.

LinkedIn commented in the report:

“Rising skills can be used to forecast where industries are going… Examining what rising skills certain industries are hiring for shows what changes they are anticipating.”

And if that is true, then the jobs industry is expecting blockchain in commerce and enterprise to be around for many more years to come.

 

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Crypto ATM Market Set for Over 47% Annual Growth Rate

Crypto ATM Market Set for Over 47% Annual Growth Rate

It’s not often that the rise of the crypto ATMs is far from the news as they spread around the world, and a new report has now revealed the potential for the machines to return a compound annual growth rate (CAGR) of 46.61% by 2024.

The potential for the ATM market to blossom to USD 183.779 million over the next five years was revealed in the same recently released report entitled ‘Crypto ATM Market – Forecasts from 2019 to 2024’.

A great deal of this expected surge in the need for crypto ATMs will come from the Asia Pacific region according to the report, due to a “rising disposable income and growing popularity of cryptocurrency”. It’s also expected that the hospitality industry will see a greater demand for crypto ATMs over the coming years.

This interest from Asia has been illustrated recently by the Union Bank of the Philippines (UnionBank) launching a two-way cryptocurrency ATM under its sandbox program; an initiative was has been designed to allow crypto users to buy and sell crypto for fiat, hopefully, increasing the adoption of crypto usage in the country.

Back in the US New York now offers customers the opportunity to purchase Bitcoin using a regular credit card at machines supplied by ATM provider LibertyX with Chicago currently undergoing its own battle of the ATMs with many providers vying for trade.

The number of installed Bitcoin ATMs has increased by 720 percent since 2016 and is set to increase for one clear reason according to Dom Garret, director of engagement at Coinme:

“Much like the current financial system, the digital currency economy has roadblocks to those who want to take part. From those who do not have access to a bank/debit card to those operating in a cash economy, the physical machines represent an ideal on-ramp that people trust to enter the digital currency economy.”

 

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