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07.11 - 22:55
‘Bitcoin is no longer the proxy for the health of the market’
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Mainstream businesses are increasingly turning towards cryptocurrencies, an indication of the growing legitimacy and importance of this novel asset class. However, a significant amount of work is required to turn this interest into adoption. And, several hurdles still lie in the way of mainstream usage.
A “friendly alternative” to traditional banking is also required to bank the crypto “unbankable,” according to BCB Group CEO Oliver von Landsberg-Sadie. During a recent interview, he noted that more than liquidity, the trouble with using crypto is with settling sales as correspondent banking networks usually reject crypto-centric transactions.
As settling of sales has been a major pain point for the crypto-industry, many payment services have
Read more on ambcrypto.comAbout this in other media
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Another Major Bank to Begin Offering Bitcoin, Ether & Altcoin Services cryptonews.com /3 years ago
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