They said Bitcoin is Scam!, well to our surprise they couldn’t resist the poison if that’s how we are going to show it.
Paypal in 2019:“Bitcoin Is A Scam,” Claims Ousted CEO Of Paypal
Paypal in 2020:PayPal To Allow the Use of Cryptocurrency
DBS in 2017 :Bitcoin is a financial scam, says DBS Chief Information Officer David Gledhill
DBS Bank 2 Days AgoSoutheast Asia’s Largest Bank DBS Plans to Launch a Cryptocurrency Exchange
JP Morgan Chase in 2019JP Morgan CEO Jamie Dimon in 2017 calls bitcoin a ‘fraud’
Global Banks Now eyeing to Get their Own Crypto FlavoursAdoption of Blockchain by Banks on the Rise Globally — JP Morgan, United MultiState, DBS Source Unsplash
Over the Years, There is one thing that is true and no one can deny, it’s the need for decentralized currencies like Bitcoin and Cryptocurrency.
The influential institutions that once didn’t believe in the very Bitcoin that is shooting stars are now spending millions and dollars to make a one for their own to get the taste of it.
Technology, be it Blockchain or a Simple tool for your daily use, that exists for the very motive of easing your task. Bitcoin and other Cryptocurrencies are just cherries on the top, incentivizing innovation in the Blockchain space.
I was fortunate to get into the blockchain industry in 2016 and was able to see the rise and fall and adoption phase of Crypto.
There are several advantages of cryptocurrency, for which these banks are using it. If you have just begun it is for you.What Are the Advantages of Paying With Bitcoin?
Due to the unique nature of virtual currencies, there are some inherent advantages to transacting through bitcoin over fiat currencies. Although over a decade old, the digital currency landscape is constantly changing, with most tokens being untested as a medium of exchange, and users should be careful to weigh their benefits and risks. That said, bitcoin i...