Australian clinic starts accepting payments in crypto

Dental on Flinders clinic accepts BTC, BCH, DASH, LTC, ETH, Ripple, and Dentacoin, and plans to accept up to 50 cryptocurrencies as a method of payment for dental services 
09 January 2018   2402

Dental on Flinders, a dental clinic located in Melbourne, offering all aspects of general, restorative and cosmetic dentistry, has announced accepting cryptocurrency as a means of payment.

Australian dental clinic states that it will be accepting a range of different cryptocurrencies, aiming to accept up to 50 major currencies, and having preference over the currencies with fast transaction times and low fees such as BCH, LTC and DASH.

In his white paper, Satoshi Nakomoto envisioned Bitcoin to ultimately be a universal currency which could be used in exchange for goods and services. We’re excited to be one of the first to implement this and we invite you to get involved!
 

Dental on Flinders statement towards cryptocurrency

On January 9 of 2018, it came to light that the advanced Australian dental clinic added Dentacoin (DCN) to the list of accepted cryptocurrencies. 

Dental on Flinders became the sixth dental clinic to accept Dentacoin as a means of payment, while the other partner clinics include F3T Dental Clinic (London, United Kingdom), CONTIDENT (Budapest, Hungary), Swiss Dentaprime (Varna, Bulgaria), Dentech Dental Care (Pune, India), Mr. iTeeth (Taipei City, Taiwan).

Dentacoin is showing an incredible rise in price lately, having increased 800% during past 7 days and jumping to the 9th position in the list of tokens ranked by market capitalization. The market cap of the coin jumped from $165 million on January 2 to the point of $2,4 billion on January 8.

Dentacoin charts january 2018Dentacoin Charts for January 2018

At the moment of press, these are the main market parameters of Dentacoin:

  • Average Price: $0,0046
  • Market Cap: $1 502 947 878
  • 24h Volume: $16 772 000

Bitcoin May Pass Gold Market Cap, - Novogratz

Mike Novogratz continues to be Bitcoin and cryptocurrency optimist 
25 March 2019   86

The founder of Galaxy Digital, Mike Novogratz, expressed the opinion that over the next 20 years, Bitcoin’s capitalization would “easily” surpass the gold market, currently estimated at $ 7.5 trillion. It is reported by The Daily HODL.

In a conversation with the founder of Morgan Creek Digital, Anthony Pompiano, Novogratz stressed that the inflow of institutional money to the cryptocurrency market is only a matter of time, and major players like Goldman Sachs and the Intercontinental Exchange (ICE) are already mastering a new industry.

I know Goldman for instance is gearing up around securities tokens. They’re not doing anything yet, but they’re getting really ready and looking at all the questions on – where would you store them? Do you have to build your own custody, or can you use someone else’s custody? How to get them to work.
 

Mike Novogratz

Founder, Galaxy Digital

According to him, the growth potential of Bitcoin is strong and therefore it is advisable for investors to include the first cryptocurrency in their portfolios:

I think the macro case for [Bitcoin] is pretty strong. And so, if you can put a couple percent of your portfolio in, there’s a decent chance it catches wind. Fidelity is just getting set up. Bakkt continues to get delayed a little bit, but it’s not going to be delayed forever. They’re going to be in the game. And there’s lots of other players coming.
 

Mike Novogratz

Founder, Galaxy Digital

According to him, the volume of the gold market is $ 7.5-8 trillion and in order to outperform this market, the first cryptocurrency needs to grow in price at least 100 times.

Gold’s got an $8 trillion market cap, or a $7.5 trillion market cap. And so, we’re 100x off on that. We’re not going to get there in Bitcoin in the next year or two. But over a 20-year period, could that happen? Easily. Easily. And that’s giving zero optionality to all the other stuff. And so I think it seems like a pretty smart portfolio bet.
 

Mike Novogratz

Founder, Galaxy Digital

The founder of Galaxy Digital also touched on the topic of bitcoin futures.

The reality is, the CME kicked their butts. And these guys have limited resources on what they’re going to spend their focus, and they decided to spend it elsewhere. Finding leverage in Bitcoin is going to get easier as the architecture in the space gets better. You’re already seeing the lending market around Bitcoin went from 10% to like 3%. So once you can borrow you can short. And so now it’s not so hard to short Bitcoin. It used to be almost impossible to short Bitcoin in 2016… It wasn’t great, but it’s not critical. 
 

Mike Novogratz

Founder, Galaxy Digital

In February Mike expressed the opinion that, thanks to institutional money, Bitcoin will reach $ 8,000.