Bitcoin’s Only Way is Up: 4 News Talking a Big Game for Intensifying Crypto Adoption

Bitcoin is seeing a lot of action lately not only in terms of price but also increasing awareness and adoption at the local and global level both.

Bitcoin ATM in Greece

Bitcoin ATMs are on a surge as Greek becomes the latest place to see the rising adoption. Until now, according to the local media channel, only four Bitcoin ATMs has been in Athens and one in Thessaloniki. But now, three more are coming that will be installed in the northern Greek as per the Stefanos Getsopoulos, the co-founder of a crypto company called Thess Cash Hellas.

The main point of attraction to these ATMs is the preference for a free financial and investment market unlike centralized ones such as banks. Moreover, the benefit of ease of accessibility and liquidation also adds to these ATMs popularity.

Recently, a report predicted that in about five years time period Bitcoin ATMs market would rise 8 fold and reach $144.5 million.

Walmart goes Bitcoin

One of the most interesting news is the availability of Bitcoin milk chocolate coins at $1 in Walmart. Whether it is a market gimmick or not, this is certainly an exposure at the local level. They have been found at the local Walmart coming with a gold foil packaging as Tweeted here:

Everybody doing Bitcoin: Raps Eminem

Celebrities going crypto is nothing new, such as Floyd Mayweather, Mike Tyson, Ashton Kutcher, Jamie Foxx, DJ Khaled, Akon among many others. The latest name to this decently long list is rapper Eminem.

“Remember everybody used to bite Nickel, now everybody doing bitcoin.”

In his new Album “Kamikaze”, Eminem has given a shout out to the leading cryptocurrency. Bitcoin is gaining attention left, right and center, leaving no space untouched.

Also, read: Bitcoin is Hitting $10,000 by the First Week of November, Experts Feeling Bullish

Abra allows European users ease of crypto investment

A crypto exchange as well as a digital wallet, Abra today announced support for the bank accounts of Single Euro Payment Area (SEPA). Bill Barhydt, the founder, and CEO of Abra shared:

“With users from over 70 countries globally, and a greater demand for the ability to invest in cryptocurrencies from any bank account, it is really important to give investors the opportunity to fund their Abra wallet directly from any bank account. This new feature is helping to change the way people invest, adding to a brighter future for the cryptocurrency market around the world.”

From the 28 cryptocurrencies available on its platform, European users can now directly make transfers from European banks and invest in cryptos.

Barhydt further shares:

“As we continue to expand our capabilities, we are by constantly looking for efficient and secure on-ramps that will enable our users to easily invest in cryptocurrencies. Ease, efficiency and effectiveness are paramount for us in helping our clients invest.”

Inflation fear to raise legit Bitcoin demand

Just last week, the Federal Reserve has announced reaching its 2 percent inflation rate goal. Meanwhile, Venezuela and Argentina inflation rate is skyrocketing. In addition, the US sanction on China, Russia among other countries is rising while the global debt is shooting through the roof.

This has the affected economies and investors turn to Bitcoin and cryptos to find a safe haven from the ensuing crisis.

The post Bitcoin’s Only Way is Up: 4 News Talking a Big Game for Intensifying Crypto Adoption appeared first on Coingape.

Written by Sagar Saxena @ September 4, 2018 Sagar Saxena

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