Bitcoin is made available to Common People in Argentina by Alto Viaje and BitexFebruary 8, 2019
Matt Hougan, Bitwise Researcher and President stated that the Bitcoin Bubble has already burst. He further stated that about 95% of about 2000 cryptocurrencies would “die a painful and deserved death.” He opined that the sooner it happens, the better.
Hougan further added, “It was a massive run-up and a massive pullback.” Though Hougan makes a rough comment about cryptocurrency, he further states that “From those ashes, will merge important things, just like from the dotcom ashes emerged Amazon, Google, and Facebook.”
Hougan further stated that there is an asset that every generation will love. He stated that the greatest generation loved gold, then it was love for mutual funds, and now the millennial love cryptocurrency.
The current trend of cryptocurrency is transitional. There are other Bitcoin enthusiasts like Jack Dorsey, the Chief executive of Twitter who is not concerned about the steady price decline of Bitcoin.
The value of the Bitcoin is now being sustained in part by the halving process. The inflation is thus kept down, and it continues to be valuable. The next halving date for Bitcoin is May 24, 2020.
Bitcoin has been providing continues warnings against Bitcoin scams like Blackmail, Fake Exchanges, Free Giveaways, Impersonation, Malware, Meet in person, Money transfer fund, Phishing emails, Phishing websites, Ponzi Schemes, Prize Give ways, Pump and Dumps, Pyramid schemes, Ransomware, and Scam Coins. Familiarizing with such scams has helped many to keep away from such schemes.
Bitcoin is now a step ahead as it has become further integrated and adopted as a payment option for several products and services. Bitcoin users can pay for transportation using credit charges to their SUBE card [standing for Sistema Único de Boleto Electrónico]. This card can be used in more than 37 cities in Argentina.
SUBE card is a credit pass meant to use public transport services. This was made possible due to the alliance with Alto Viaje and Bitex.
Alto Viaje is a platform that permits users to transfer funds to SUBE card via the online platform. Bitex offers blockchain and Bitcoin solutions in Argentina.
Bitex provides for imparting the required network infrastructure to different companies via the dedicated API integration process.
Manuel Beaudroit, CMO of Bitex stated, “We believe that these projects are very important since they bring a technology as disruptive as Bitcoin to the common people, demonstrating the real value and the applications that it has in everyday life.”
Luciano Verardo of Alto Viaje stated, “From Alto Viaje, we want to offer safe and innovative services, the alliance with Bitex allows us to integrate the payment with Bitcoin and new possibilities of financial inclusion for people and companies.”