SELLING BITCOIN CASH FOR BITCOIN THIS CHRISTMAS!? - Crypto Nights Episode #19
With only 4 more sleeps until Christmas, @alexmavor and I thought t that it would only be right to bring cheer and joy to our fellow Steemians and give our optimists an insight into the returns that can be achieved if you make some wise investments, just as Erik Finman did. But before we touch upon that, today we look into BitPay Integrating Bitcoin Cash.
BitPay integrating Bitcoin Cash
BitPay is a point-of-sale company that allows traditional businesses to accept Bitcoin.They provide an easy to use means for users to pay with the popular digital currency, which is especially attractive to businesses that have customer bases that may not be that crypto-literate. BitPay also automatically converts the Bitcoin to the business’s local currency, allowing for the firm to avoid the roller coaster that is Bitcoin’s price.
BitPay recently announced plans to support payments across multiple blockchains, starting with Bitcoin Cash (BCH). Bitcoin Cash is a fork of Bitcoin that was created back in August of this year, also known as SegWit2x.
Since opening their doors in 2011, BitPay has processed more than $1 billion in payments to date. Bitcoin cash is one that is always going to divide opinion, whether you believe it is second rate bitcoin or the real Bitcoin you cannot deny that it has captured a lot of attention. Following this news, The market seemed to respond very well to the news that Bitcoin Cash had been integrated into the BitPay payment service, however, BitPay has never tried to hide the desire to add further payment options further down the line – Bitcoin Cash might probably just be one of many more.
According to Bitcoin.com co-founder and CTO Emil Oldenburg, Bitcoin is
“useless” and has no future as a tradeable currency. Referring to high transaction fees and long lead times, it’s possible that he sold most of his share back in 2013 – but let’s not get carried away!
Right now, to condemn Bitcoin just as it is breaking into the mainstream without considering the inevitable improvements that will be made to the blockchain seems quite naiive. But only time will tell.
Give Bitcoin this Christmas
Short on ideas for Christmas this year? Why not buy Bitcoin?
Erik Finman, the high school drop-out invested $1,000 in 2011 at the age of 12 that his Grandma had kindly given him, when Bitcoin was at $12. Erik Finman made a bet with his parents that if he turned 18 and was a millionaire, they wouldn't force him to go to college. Now, aged 18 and with approximately 403 Bitcoins, Erik has a net worth of over $6 million.
Finman has recommended Bitcoin as the ideal gift to give this Christmas, he thinks that it is still undervalued. He described it as a “great stocking stuffer.”
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Shout outs
As ever, an interesting week in the world of cryptocurrencies. So our first shout out this week goes to @johnchamberlain – great guy organising an EOS meetup in Thailand in the New Year. We will of course be covering the event on Crypto Nights so make sure you are subscribed for that!
Secondly we have to give a mention to @wildtrader – definitely follow this guy for handy little insights into trading cryptos. He will be coming on the show again soon!!
As always don’t forget to follow, subscribe, upvote and like and we look forward to seeing you next time!
Since BitPay decided to support payments across multiple blockchains, BCH has become a strong investment and it seems it won't stop here. And yes, as you say, why not Bitcoin this Christmas. Anyway there is a lot of struggle choosing the right and perfect gift for Christmas, so I believe your idea came on time!
Thank you, really appreciate the shout out guys,. have a great Christmas