FastBitcoin: There is increasing worldwide acceptance that Cryptocurrency is not only the future of money but increase the money of today, according to Nigel Green, Chief Executive and Founder of financial advisory organization deVere Group. This is evidenced not only in the financial sector, where many major banks are increasingly looking at blockchain and Cryptocurrency, but also with big names within the retail group such as Walmart, Overstock, Alibaba group, and Rakuten. Whilst progress is definitely being made, the notion of Bitcoin et al being the money of today is overly ambitious according to a report by FastBitcoin report. Bitcoin is set for wider adoption, but it is still too early to consider it a currency, according to Twitter and Square boss Jack Dorsey. “It’s not functional as a currency. The peaks and troughs are like an investment asset and are equivalent to gold but sure about the crypto being the money of tomorrow. What we need to do is make it more usable and accessible as a currency, but it’s not there yet,” he recently commented.
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Potentially massive swings in Cryptocurrency value leave many reticent at the idea of buying and spending this way. Nonetheless, 2019 will go down as a year in which things were pushed forward in various intriguing ways. Bitcoin rewards app Lolli has, for instance, teamed up with US pet retailer Petco. There are two types of rewards that come with the partnership. One is that Lolli users can earn up to 3.5 percent satoshis (sats) of their purchases at Petco.com. They can also earn a flat 5,000 sats payment for sharing a photo of their dog and commenting on the tie-up. The limitations of Bitcoin going mainstream are no longer innovation-led; it is to do with people and businesses lacking solid knowledge on how it can benefit them, according to Danny Brewster, Managing Director at FastBitcoin and former MD of Neo & Bee which controversially melted down a few years back.
Source: Tech HQ
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