The Wait Is Over, Bitcoin (BTC) Is Now Mainstream

Bitcoin

In 1918
Nicholas Klein addressed the Amalgamated Clothing Workers of America in
Baltimore with a quote that best describes Bitcoin’s current journey to
mainstream adoption. He said,

“And, my friends, in this story you have a history of this entire movement. First, they ignore you. Then they ridicule you. And then they attack you and want to burn you. And then they build monuments to you.”

No one is
building monuments to Bitcoin yet, because those who initiate such projects are
busy attacking and looking for ways to ban and burn Bitcoin.

Congressman
Bradley Sherman, for instance, has proposed a bill that seeks to outlaw crypto
trading in the U.S. He called on Congress to “nip this in the bud,” which apparently, is not the first
opposing stance the congressman has taken against digital currencies.

Sherman reasoned that “… an awful lot of our global power comes
from the fact that the Dollar is the standard unit of international finance and
transactions. Clearing through the New York Fed is critical for major oil
transactions.”

Well,
Bitcoin Will Nip Global Economy Manipulation in The Bud

Sherman goes
on to add that “… it is the
announced purpose of the supporters of cryptocurrency to take that power away
from us, to put us in a position where the most significant sanctions we have
on Iran, for example, would become irrelevant.”

In those few
words, Mr. Sherman illustrates to the Congress why Bitcoin has such utility and
actual value and why its mass adoption has become unstoppable. The manipulation
of global politics via the Dollar is something crypto is going to make a thing
of the past. 

Elsewhere
the Winklevoss twins’ Gemini and Flexa a startup focused on payments are in a
partnership that could open wide the doors of crypto use in mainstream
commerce. Flexa’s crypto app Spedn has been
integrated into the payment scanners of big-name retailers such as Barrel, Crate,
Whole Foods and Nordstrom.

In a
statement, Flexa CEO Tyler Spalding said:

“This is the first real instance of decentralized global retail payments, with the power to make commerce more efficient and accessible for billions of citizens globally. The legacy payment systems are complicated and costly. This solution provides a way for cryptocurrencies to solve these problems and allow merchants to conduct inexpensive and fraud-resistant transactions.”

This will
help crypto owners to pay for goods using Bitcoin, Ethereum, Bitcoin Cash or
Gemini Dollar. The real-time payment interface will pay merchants in fiat or
crypto as per their choice. Thanks to Flexa’s ecosystem, merchants will no
longer have to worry about real-time transaction clearances that once hampered
crypto purchases.

Legacy
Financial Institutions Massive Moves for Bitcoin

Bitcoin
prices are still on the rise, with their value now at 8,106. As more
institutional investors set their sights on Bitcoin, the bull run of the season
might be on. Massive Wall Street Wheeler-dealer Intercontinental Exchange application to
the U.S. Commodity Futures Trading Commission (CFTC) for their Bitcoin Futures
approval looks imminent as “User acceptance testing for Bitcoin futures custody and trading planned for July.”

Bakkt’s
operations have been hampered by a multitude of regulatory hurdles, but the
firm has its eyes now set on July as its launch date. Giant financial services
firm Fidelity Investment’s crypto trading platform is also in the pipeline. The
platform is expected to be rolled out “within a few weeks” sources say. Fidelity’s platform is eyeing institutional investors
interested in Bitcoin investments.

The post The Wait Is Over, Bitcoin (BTC) Is Now Mainstream appeared first on Ethereum World News.

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