Bitcoin Explodes To $5,861 As Coinbase Announces Instant Bank Account Crypto Purchases
Coinbase announced on Thursday, Oct. 12, 2017, a major breakthrough on its platform: instant purchases of cryptocurrencies bitcoin, ethereum, and litecoin:
“We are excited to announce the ability for customers to instantly purchase digital currency using a U.S. bank account. Previously, customers who purchased using a bank account had to wait several days before receiving their digital currency. Customers can now buy up to $25,000 and receive access to their digital currency immediately.
Our mission is to make Coinbase the most trusted, safe, and easy-to-use digital currency exchange. Instant purchases make it significantly easier and faster for customers to invest in the digital currency ecosystem. Reducing the time to receive digital currency has been a highly requested feature and we are pleased to provide this improved experience for our customers.”
Still thinking about #Bitcoin. No conclusion – not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold.
— Lloyd Blankfein (@lloydblankfein) October 3, 2017
Another bullish support headline for crypto also dropped this morning when International Monetary Fund Managing Director Christine Lagarde said she sees “massive disruptions” with financial technologies and digital currencies. She said she would not rule out the IMF developing its own digital currency, and she was dismissive of Dimon’s crypto bearishness, according to CNBC:
“I think we should just be aware of not categorizing anything that has to do with digital currencies in those speculation, Ponzi-like schemes,” she said. “It’s a lot more than that as well.”
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