|Facebook Launching Coin in 2020… Facebook’s calling its cryptocurrency “GlobalCoin” and plans to launch in 12 countries by next March. CEO Mark Zuckerberg made it clear at Facebook’s annual conference: “It should be as easy to send money to someone as it is to send a photo.” Plus, the Winklevoss twins, are involved in Facebook… again.
Bitcoin For President… Eric Swalwell, a United States Democratic presidential candidate for the 2020 elections, has launched a crypto donations campaign. Announced Thursday by blockchain firm The White Company, which is providing the tech for the crypto donations, Swalwell will accept six supported cryptocurrencies.
Pay Phone Bill With Bitcoin… AT&T now accepts Bitcoin and other cryptocurrencies via Bitpay. Bitpay is a cryptocurrency payment processing company. The company currently has thousands of mainstream companies that it offers its services to from Microsoft to Shopify and Virgin. As AT&T now accepts Bitcoin and other cryptocurrencies, do you think we will be seeing other major companies follow suit?
Welcome New York… Robinhood Opens Trading for 7 Cryptocurrencies in New York. New York is unique and problematic for crypto traders because all purveyors must apply for a BitLicense, most notably for companies that are “storing, holding, or maintaining custody or control of virtual currency on behalf of others,” according to NYDFS.
- The use cases for Bitcoin and other cryptocurrencies are expanding as new payment channels and merchants are recognizing them as legit currencies.
- AT&T and Facebook are more examples of a major corporations starting to see the benefits of crypto by being able to eliminate processing fees.
- New York remains one of the States that is least open to the idea of accepting the legitimacy of cryptocurrencies. Could this be because it is a traditional banking head quarters?