Startup Enables Users to Pay Ethereum at 11 Million Locations, Like Cash
From NewsBTC
Despite cryptocurrencies becoming a lot more appealing, spending them is still problematic. Very few retailers accept Bitcoin or cryptocurrency payments these days. That situation is slowly coming to change. Basepay is bringing Ethereum payments to over 11 million locations, with an option to connect this particular solution to Apple Pay.Read more: https://www.newsbtc.com/2018/05/13/startup-enables-users-pay-ethereum-11-million-locations-like-cash/Big News for Ethereum
Basepay has successfully surprised virtually everyone in the cryptocurrency world. The firm announced today how their app makes it possible to spend Ethereum at over 11 million retailers. There is support for nearly 400 million retailers in total, as online payment support is also built in. Bringing Ethereum payments tor retailers and consumers is a big development for the cryptocurrency industry as a whole.The team is confident this new solution will yield some great results. Although usability will depend on location and phone OS, the target release is set for Q4 of 2018. Android users will receive access to this application first and foremost. iOS Support is coming later, as Apple usually takes longer when it comes to vetting new applications. This is especially true when said application is linked to cryptocurrency.
Contrary to what people expect, the technology itself isn’t the big hurdle. Instead, it is the potential regulatory impact in various countries. Not every region is pro-cryptocurrency. this has become painfully apparent in China, India, and a few other countries. Additionally, there is no active cryptocurrency regulation in most of the world today. Applications such as Basepay may speed up the need for guidelines, albeit its real impact has yet to be determined. It could spell a bright future for Ethereum.
I'm so torn right now as to what I should invest in. Ethereum just keeps entrenching itself and has massive investment behind now. However EOS is going to go live in less than a month and could dethrone ethereum. Then again maybe it will be a win win situation and investing in either way will yield great returns. That also leaves the dreaded option they both lose. It will be exciting to find out!
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These are good news for Ethereum coin
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I think both are decent long term investments. I give EOS the edge short term, but this article bodes well for ETH also. The ability to hodl is essential.
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Good News.
It is a big development for the cryptocurrency industry as Basepay has launched an app to make ethereum payments to over 11 million retailers.