CEO of Network of Exchanges and Clearing Houses Intercontinental Exchange believes Bitcoin needs more experience with daily use cases.
According to Jeffrey Sprecher, the growth in transactions will introduce virtual activation as a long-term accumulation of value. He argues his point of view with the history of gold itself.
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Chapter ICE says the precious metal has become the most popular store of value. Being in circulation, it has confirmed its relevance..
He believes that sellers and buyers can gradually move away from the need to convert cryptocurrencies to fiat and vice versa, and start working directly with bitcoins. This will allow market participants to avoid additional costs and risks associated with constant exchange..
Subsidiary of ICE Bakkt has already announced the development of a consumer application for paying for everyday goods with cryptocurrency. The launch of the platform is scheduled for early 2020.
text: Ivan Malichenko, photo: Reuters
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