🔥 One-minute letter: Stripe ends support for Bitcoin

Crypto Market

Bitcoin can decline to $8,000 levels, if the price breaks $10,000.
Read more in the Price analysis: Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, NEM, Cardano.

 

Adoption

Stripe, the mobile payment processor with a $9 bln valuation, ends support for Bitcoin. Stripe cites slow confirmation times and high fees as the reason.
The company has no plans to integrate any other altcoins into its platform.

 

Regulation

• Danish finance and workers' rights figures have threatened legal action against major bank Nordea. The bank is going to ban its employees from owning Bitcoin by Feb. 28, meaning the legislation will cause 31,500 people to divest themselves of any Bitcoin holdings or exposure. Read more...
 

• "You can't, on the one hand, heavily restrict cash and on the other hand permit fully anonymous instruments that to a great extent can be used for all manner of transactions."
See how World Economic Forum's Speakers discuss Bitcoin.


Every investment and trading move involves risk, you should conduct your own research when making a decision.

 


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