Binary Options Broker, OneTwoTrade to Accept Payments in Bitcoin and Litecoin
- The broker becomes one of the first to adopt the cryptocurrencies in its payment options, aiming to attract a wider audience. The GoCoin platform will be used for the integration.
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.
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 Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term platform for Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, 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.
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.
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 Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term platform for Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, 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.