BitPay thought nothing of alternatives to Bitcoin




BitPay thought nothing of alternatives to Bitcoin

BitPay, the largest payment processor of Bitcoin, will not support alternative crypto currencies such Litecoin. The CEO of the company calls the grounds that the alternatives “technologically inferior” would be.

Gallippi Anthony, founder of BitPay not see it. Utility of alternatives to Bitcoin “I think the technology is inferior, you can barely pay with anything and liquidity is low,” says he to Vice. His company will also provide support for Lite Coins, Feather Coins, Coins Name or other alternative crypto currencies: “There is no plan, now or in the future to include other crypto currencies to use it.”

BitPay acts include the Bitcoin payment system for home Worried off, recently announced support for the currency. Gallipi also said that his company will soon open. Headquarters for Europe in Amsterdam BitPay was founded in 2011 and now has more than ten thousand customers who accept payments in the currency.

The processor has an interest in a single crypto currency grows to generally accepted standard, fragmentation, growth of Bitcoin could stand in the way. If large companies such as facilitating BitPay alternatives do not support, will the other crypto currencies difficult to grow.



In: Technology & Gadgets Asked By: [15500 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »