What's going on in China and Coinbase has a neat service coming up
Good morning traders! Aa new week filled with opportunities lies ahead of us, so let's head to the markets and news.
What's going on with China?
Almost everyone is familiar with the FUD coming from China, the government banning domestic cryptoexchanges, all crypto trading websites and ICO-s.
Via bitcoinist
Apparently the PBOC (People's Bank of China), their Central Bank, has taken the attitude of completely eradicating various cryptocurrency flows. But could they succeed? Definitely not. Let's see why.
At the same time all this FUD is spreading, another reality is actually happening in China. Mobile giant Cheetah has released a crypto wallet for their massive userbase of 600 mil users! Shenzhen luxury car dealers are offering McLarens and Ferrais for sale for Bitcoin, BCH anf Ethereum. There's more! Ripple is moving up with it's business in China, striking partnerhips and starting ventures.
Via bitcoinist
So it's safe to say, many of us on the other side of Earth probably have no idea, what's the 100% true story going on in China, but one thing is clear - it's impossible to stop the progress.
Keep your heads cool and keep building your portfolios.
Catch up on the story on bitcoinist.com
Something else, that i picked up:
Coinbase has launched a service, that enables merchants to accept payments from crypto wallets. The payment option can seamlessly be integrated between the other payment options, just like Paypal, Credit Card and others.
Via trustnodes.com
Apparently you don't even need a Coinbase account, rather a cryptocurrency wallet, a quick finger to send the funds and get to the confirmation screen. I didn't find any way to test it currently, but the author of the story makes a fine point, that this service would explicitly shine and stand out with ETH payments, where we can have a Metamask browser plugin wallet and send the payment + confirmation with just a few clicks. This is one to keep your eyes on - we need a lot more ways to spend our cryptos easily on everyday goods and services.
Metamask Chrome plugin for ETH wallets
The website for Coinbase Commerce can be found here, which states that they "are not open for new sign-ups yet"
Read the story and authors thoughts on this, here at trustnodes.com
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As always a very interesting article, my dear friend!
As for China, the government is really very aggressive against the cryptoworld. But it seems to me that this is just a holding fact and I do not rule out that at some point the Chinese government will again side with the cryptocurrency =)))
From then I'm sure that Bitcoin will fly to the moon)))
This is only my reasoning))) Time will tell!
I believe that although many now turn to calculations in the cryptocurrency, Bitcoin's payment capacity is not very profitable. I'm talking about too big and strong jumps in the price of it.
I am sure that as soon as the price for Bitcoin becomes more stable then there will be a real effect from it.
And now it is a more speculative instrument.
or
I believe that tse Bitсoin will be more stable, but it takes time.
Thank you for the article, @furious-one!
As always, I'm interested in your expert opinion - https://steemit.com/trading/@maksym7/trading-ideas-on-monday-btcusd-xrpusd-and-neousd
Thank you very much!
China is one big facade. Whatever they officially say is never what’s actually going on behind the scenes.
I’ve always said that if authoritarian governments like China want to ban Bitcoin, then it’s really making an unstoppable impact. All China want is control and the growth amen inherent nature of Bitcoin doesn’t allow this.
It’s a good thing. 😎
I agree wholeheartedly, China is like Don Quixote - fighting windmills :)
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Thanks for this important info, it helps crypto dealer to know the checks and balances of the market
China is great beautiful and friendly country
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to @a-blockchain
i like china.im from bangladesh.
I seriously liked the serene Beauty presented in the pic than those luxury stuff on the cars😎
positive and interesting..news .
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