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Bitcoin Split: Where Do We Go from Here?
Matthew Newton, Market Analyst at eToro commented:
“The value of Bitcoin is inherently linked to the likelihood of Bitcoin acquiring purchasing power in the real world. Bitcoin was once a cryptic term for most, associated with tech types and risk takers. Yet the cryptocurrency is becoming increasingly mainstream. We have just seen Lush commit to accepting Bitcoin payments online. Other retailers may well follow.
“The recent stand-off between miners and network users over the future direction for Bitcoin has threatened in recent weeks to throw Bitcoin off course. Yet despite the stubbornness on both sides, it was ultimately in everyone’s interest to come to a resolution and strike a deal. Miners and users have now agreed on one method for creating the cryptocurrency and speeding up transactions.
“With both miners and users of the cryptocurrency now on the same page, Bitcoin is heading in the right direction. However, it has a long way to go before it can become a credible currency for global transactions.
“This moment will give investors increased confidence in other cryptocurrencies. However, we expect some capital could be pooled out of cryptocurrencies such as Ethereum into Bitcoin in the short term, as traders look to capitalise on price swings.”
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Routefusion Secures $26.5 Million Series A to Expand its Global Payments Network
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BCP Launches Criptococos, the First Crypto Banking Platform in Peru, Powered by BitGo
Banco de Crédito del Perú (“BCP”), the largest bank and the largest supplier of integrated financial services in Peru, and BitGo, the digital asset infrastructure company, today announced the launch of Criptococos, the first banking platform in Peru, to enable the secure purchase and management of crypto assets. The launch is part of a pilot project authorized by the Superintendency of Banking, Insurance, and Pension Fund Administrators (SBS) and reflects BCP’s ongoing commitment to driving innovation in the financial system.
EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’
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FreedomPay Drives Global Merchant Innovation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences
FIS® announced a strategic partnership with Glia to deliver advanced AI-powered customer engagement capabilities across FIS' Digital One suite
Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure
Citi Ventures has announced a strategic investment in BVNK, highlighting the shift toward digital asset-based infrastructure.
Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds
Global retailers are accelerating their multi-acquirer strategies to stay ahead, according to a new survey conducted by ACI Worldwide
Ipswich Town Selects IFX Payments as an Elite Partner
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