Payza now supports additional 50 Bitcoin alternatives

Big update of worldwide payment processor
22 June 2017   3751
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks.

A well-known payment processor, Payza, today announced that 50 different Bitcoin alternatives are now added to its Cryptocurrency Exchange.

Now Payza allows verified users, through their e-wallets, to exchange their Ethereum, Ripple, Litecoin, Dash, Monero, Zcash and other cryptocurrencies into US dollars which can be sent to their prepaid cards.

According to official website, Payza has over 9 million clients in 197 countries and 21 different currencies. It includes support of e-commerce processing, corporate disbursements and remittances.

Full Bitcoin support by Payza was announced last month. Now customers are able to buy and sell Bitcoin, merchants can accept Bitcoin as a payment option, and all verified Payza account holders can have Bitcoin within their e-wallets.

The company has big plans to provide a one-step cryptocurrency loading option. This allows clients to load their prepaid cards from Bitcoin or altcoin exchanges in just one action.

Payza began limited bitcoin support for 190 countries in 2014. It became more popular when Charlie Shrem, a popular Bitcoin enthusiast who was sentenced to two years in prison for funneling bitcoins to Silk Road, consulted the company how to integrate bitcoin while he was under house arrest.

According to the mass media, Firoz Patel, Payza’s CEO commented that Payza is committed to providing its members with a complete online payments and e-commerce solution.

US Authorities to Pop BTC Buble, - Giancarlo

According to the former head of the U.S. Commodity Futures Trading Commission, the launch of the Bitcoin futures at CME popped the BTC price bubble
23 October 2019   31

Former head of the CFTC, Christopher Giancarlo made a sensational admission, saying that the launch of the Bitcoin futures on the Chicago Mercantile Exchange (CME Group) was a deliberate action by the Donald Trump administration, designed to burst the cryptocurrency market that had formed by then.

One of the untold stories of the past few years is that the CFTC, the Treasury, the SEC and the [National Economic Council] director at the time, Gary Cohn, believed that the launch of bitcoin futures would have the impact of popping the bitcoin bubble. And it worked.
 

Christopher Giancarlo

Ex-head, CFTC

Chicago Mercantile Exchange (CME) Bitcoin Futures was launched on December 18, 2017. The day before, the price of bitcoin reached its historical maximum in the region of $ 20,000, but over the next months it went down sharply.

On Monday, Giancarlo also spoke at the Pantera Summit in San Francisco, where he stated that the rapid rise in bitcoin prices observed at the end of 2017 marked the formation of the first major bubble after the 2008 financial crisis.

We saw a bubble building and we thought the best way to address it was to allow the market to interact with it.
 

Christopher Giancarlo

Ex-head, CFTC

Giancarlo also believes that the Bitcoin bubble cannot be considered in isolation from the 2008 financial crisis.

Coming out of the 2008 financial crisis, the legit criticism of regulators was along the lines of: Where were they during the expansion of the real estate mortgage bubble, and why didn’t they take steps to pop that bubble when they could have?
 

Christopher Giancarlo

Ex-head, CFTC

According to him, the lessons of history forced regulators to act quickly,

I believe it shows the power of markets to bring discipline to pricess.
 

Christopher Giancarlo

Ex-head, CFTC

Christopher Giancarlo resigned as CFTC chairman in April this year. Earlier this week, current department head Heath Tarbert said that regulated futures for Ethereum will also appear within six months or a year. He also does not rule out the launch of derivatives on other cryptocurrencies.