There is new crypto startup in town which plans to capitalize on the falling value of the British Pound.
The strategy of the crypto startup is simply to enable businesses to accept Bitcoins and receive payments in pounds, and the timing of the startup could not be better as Bitcoin seem to have already broken its bearish trend while the pound has been losing value for much of the year.
According to Danny Scott CEO and Co-founder of CoinCorner, there are many reasons to accept bitcoin as a payment method one of these is it brings competitive advantage.
The value of the British pound can be described as dismal for most of the year, not far off from the value of the Euro and just slightly higher than a dollar.
Perhaps partly to blame for the lackluster performance of the GBP is due to the looming political uncertainty in the current political landscape where polls indicate that the ruling party might lose if elections were held today.
Read more of today's Headlines! Click here
Headlines for the world of Cryptocurrencies - May 31, 2019
- Majority of Big 4 Banks in Ireland Uses Blockchain to Verify Staff Credentials
- Yahoo-Backed Crypto Exchange Enters Japan Market
- Puerto Rican Bank Using Circle’s SeedInvest For Crowdfunding
- Coinbase Hinting First-Ever US Bitcoin Margin Trading
- EOS - Now Supported In Coinbase
Headlines for the world of Cryptocurrencies - May 30, 2019
- Egypt Will Now Allow Cryptocurrency Activities In The Country
- Bullish Momentum Seen Pushing Ripple's XRP Prices Higher
- Erlay To Provide Stronger And Faster Bitcoin Network
- Japan May Seek Lenient KYC Requirements For Crypto In G20 Summit
- Coinfloor Helping Crypto Firms Access Banking
Headlines for the world of Cryptocurrencies - May 29, 2019
- G20 To Implement Unified Crypto Standards
- British University Using Blockchain On National Archives
- CNBC Has Gone Crypto Crazy
- Barclays Invest In Blockchain Business Payment Startup
- P2P Trading On LocalBitcoins Hit All-Time-High In South Korea
Being a rare and strategically important digital asset, everyone should have some exposure to BTC in his/her portfolio. This is just a wise choice to have.