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Money Talk

BitCoin might go up again?

Submitted by GoldenJack, , Thread ID: 9869

Thread Closed
09-09-2015, 10:24 PM
#1
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Barclays, one of the the UK's largest banks, will begin to accept Bitcoin later this year. Unless another high street bank rushes to accept Bitcoin, Barclays is set to become the first major bank in the UK, US, and Europe to accept Bitcoin. At the time of publishing, one bitcoin (BTC) is worth about 150 or 204.

According to a report in The Sunday Times, Barclays currently has 75 staff at two of its research labs in London working on accepting Bitcoin. Like most companies and organisations that decide to accept Bitcoin, Barclays won't deal directly with the cryptocurrencyrather, the bank will work with an as-yet-unknown Bitcoin exchange. One possible candidate is Safello: a Stockholm-based Bitcoin startup that Barclays invested in earlier this year.

To begin with, the roll-out will be slow: only charities will be able to pay bitcoins into Barclays bank accounts. Presumably, if everything goes as planned, a larger swath of Barclays customers may be allowed to pay bitcoins into their accounts.


If they and other banks start to accept BitCoin as currency then it makes the currency all that more "official" and it'll probably regain some of that "old" fame. Maybe stock up while they are still "cheap" ?

RE: BitCoin might go up again?

#2
ya they might go up again

RE: BitCoin might go up again?

#3
I never actually knew that this was going to happen. Thanks to the guy above (who clearly didn't read the thread) I now know.
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RE: BitCoin might go up again?

#4
Well it depends on the bank, is it as big as other banks or just a random bank owned by some jews?
But im sure it will rise again just because of that bank.

Thanks for the info dude, ima invest some money in Bitcoins.

RE: BitCoin might go up again?

#5
It's kind of silly, the whole point is to "be your own bank". If they're running their own exchange to constantly liquidize the coin into fiat in order to pay into accounts I don't think it'll do much; Bitcoin still needs something of utility again, like Silk Road was, where people kept it running inside the ecosystem without moving much outside of it to cash.

RE: BitCoin might go up again?

#6
This is certainly some good news for Bitcoin and will most likely send the price up. When things like this happen though, it's only one step closer for the stabalization of BTC.

RE: BitCoin might go up again?

#7
I personally feel that these guys are too late, BitCoin is dying imo.
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RE: BitCoin might go up again?

#8
Its definitely something that relies on popularity and favorability over other cryptos, other coins are starting to show advantages over bitcoins.
I mean obviously the goldrush is over, but meanwhile bitcoin is still trying to evolve to counter problems, which is a bit of an issue regarding existing coins and the blockchain.
It will be interesting in the future though, to see how stable this type of currency can actually be.

RE: BitCoin might go up again?

#9
bitcoin will go up for sure it was 1000$ a year ago

RE: BitCoin might go up again?

#10
Bitcoin is shit anyways, they're shit as fuck

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