Top 10 Biggest Organization Bullish On Ethereum
Inflation fears, social media hype, as well as Chinese limitations on monetary organizations that facilitate Cryptocurrency transactions have all contributed to the dramatic decline in the value of Cryptocurrency equities over the last year. As the most popular Cryptocurrency, Bitcoin, has fallen by more than 26% in a week, last year, it has caused a domino effect that has impacted other equities that mine blockchain. Ethereum, the second most popular Cryptocurrency in the globe, has done fairly well despite the previous upheaval and volatility in the Crypto market. In this blog, we’ll examine the top 10 organizations as well as Hedge Funds that are optimistic on Ethereum.
Also Read: 10 Cryptocurrencies To Avoid Buying In 2023
Following are the top 10 biggest organizations and Hedge funds bullish on Ethereum that one must know:
1. Credit Suisse Group AG
Established in 1856, Credit Suisse Group AG is a worldwide leader in wealth management with headquarters in Switzerland. The American Crypto startup Paxos, in conjunction with Credit Suisse, announced the initially LIVE blockchain-based resolution of US stocks in February 2020. Using blockchain technology, Credit Suisse Asset Management, the wealth manager’s investment arm, and Banco Best, a Portuguese bank, completed live, end-to-end fund transactions in February 2020.
2. MetLife Inc.
Life insurance provider MetLife Inc. is headquartered in New York. Lumen Laboratories, a subsidiary of MetLife headquartered in Singapore, said in June 2019 that it will be launching a new contract platform in the future, called “Life-chain” that would use Ethereum Cryptocurrency to pay insurance claims. According to Zia Zaman, former Chief Information Officer of MetLife Asia as well as current Chief Executive Officer of Lumen Lab, government support is essential for distributed ledger technologies to succeed in the life insurance industry.
3. Microsoft Corporation
The software giant Microsoft was established in 1975 in Redmond, Washington. It ranks #3 on our ranking of the Top 10 Ethereum Bulls. In 2019, this company established a mint called Azure Blockchain Tokens to aid businesses using Ethereum tokens; it was among the first computer companies to let blockchain-based transactions. Many major companies became early adopters of the new mint, such as a game development studio and a VR equipment maker.
4. Mastercard Incorporated
Since its founding in 1966, Mastercard Incorporated has been headquartered in New York. Mastercard’s EVP of digital asset products, Raj Damodharan, told Business Insider in April 2021 that the corporation was relying heavily on Ethereum to drive the evolution of commerce through payment as well as non-payment apps. There have recently been rumors in the press that Mastercard Inc. backed the Ethereum incubator ConsenSys in its first year of operation.
5. Amazon.com Inc.
Amazon.com Incorporated, was formed in 1984 and is a multinational technology corporation with headquarters in Seattle, Washington. The company, which runs one of the world’s biggest online retail operations, has publicly stated its support for Ethereum as a means of facilitating quick and simple financial transactions. Amazon Managed Blockchain, a service that lets customers create and operate their own scalable private networks with the use of open-source frameworks, announced in December 2021 that it will begin backing Ethereum.
6. Cisco Systems
California-based technology manufacturer and vendor Cisco Systems Incorporated specializes in networking and telecommunications gear and services. In 2017, Cisco was one of the first companies to join the Cryptocurrency bandwagon by becoming a member of the Enterprise Ethereum Alliance, which serves as a hub for bringing together businesses, startups, and educational establishments with Ethereum professionals. Also in 2019, it published a paper named Blockchain which covered the topic of Cryptocurrency’s widespread acceptance throughout the world.
7. JP Morgan Chase & Co.
To provide investment banking and other financial services, JPMorgan Chase & Company was established in New York in the year 2000. ConsenSys, a software engineering company that provides Cryptocurrency infrastructure, in April 2021 stated it had secured $65 million in a fundraising phase spearheaded by this firm. The investment firm mentioned Ethereum’s recent increases in a message to clients on April 27, last year. This comes as other Cryptocurrency equities have been plunging due to social media concerns.
8. BP plc
Established in 1909 in London, BP p.l.c. operates in the oil and gas industry. When it comes to using blockchain technology to streamline the oil and gas order-processing industry, BP is the first large oil company to take the plunge. To streamline the trade of energy commodities, BP p.l.c.-backed consortium Vakt Global released a new platform in 2018. The company’s long-term goal is to spearhead the transfer of all power transaction records to the blockchain in order to enhance data quality and security.
9. Intel Corporation
Located in Silicon Valley, California, Intel Corporation is a multinational semiconductor chipmaker and provider of other intelligent services. The company, which has been around since 1968, is a major Ethereum backer because of its work on dedicated mining hardware. When it comes to mining the 2nd most common Crypto in the world, blockchain industry pioneers Squirrels Research Labs rely on Intel CPUs.
10. Accenture plc
Ireland is home to Accenture plc, a consultancy and technology firm. The firm provides blockchain solutions built on Ethereum to companies to streamline their transaction handling. This company also has funded the Digital Dollar Project with only the Digital Dollar Foundation to investigate the feasibility of a Central Bank Digital Currency (CBDC) throughout the U.S.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.