OneTwoTrade announced earlier today that they have a new addition to the way people can deposit and withdraw money from them – Bitcoin and Litecoin will be accepted as payment for clients of the binary options broker. In its statement regarding this development, the company said that it is committed to providing clients with more flexibility in how they can perform transactions.
As reasons for the adoption of the sometimes controversial digital currency, the binary broker points out the steady growth of Bitcoin in more and more areas, the continued consumer demand for it, as well as its advantages – security and low transfer fees for all parties.
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Samuel Falcon, the Chief Operating Officer of the company, commented on the announcement by saying: “Since the dollar was decoupled from gold in 1971, it has lost 97% from its golden metal and 83% of its domestic purchasing power, and I don’t think it’s going to stop any time soon. Most people don’t realize that this is a massive technology that will change the financial industry for good. OneTwoTrade is looking on it as a chance to be the first merchants in this industry to accept Bitcoin.”
GoCoin, the international payments platform for cryptocurrencies, has allowed the integration of the payment method into the OneTwoTrade framework. According to the broker, the payment process won’t differ substantially from any other method of money transfer. When depositing the clients can simply choose Bitcoin as their preferred payment method, and from there they will go to a secure payments area to finalize the transaction.
Up until now, Bitcoin has only been seen as a trading instrument by binary options brokers, and its adoption as a payment method is a novelty for the industry, which is famed for accepting almost all payment systems. It remains to be seen if the falling value of Bitcoin from its previous highs won’t deter more brokers from accepting the cryptocurrency.