Gus – Cryptocurrency Expert
Mastercard's Vice President of New Product Development and Innovation, Harold Bossé, is optimistic about the widespread use of investing in cryptocurrency and blockchain technologies. Bossé spoke at a blockchain webinar on May 24 and stated that millions of people are currently utilising cryptocurrency.
They are early adopters and new adopters, but we have shifted our focus to mainstream markets, which will be critical for financial institutions looking to enter the field. Bossé underlined the promise of cryptocurrency trading assets and blockchain technology, comparing it to the birth of the internet. "No one thought Amazon could even be an idea before the internet - you need the internet for Amazon to operate." He went on to say that the present market is similar in that it requires groups of individuals to invent before they can focus on business.
Bossé, on the other hand, acknowledged the industry's existing flaws. "It needs to go unnoticed." I know I keep repeating myself, but it has to fade into the background for users who don't care — honestly, my mother doesn't care if it's [centralised financing] or DeFi." Lack of senior management awareness, cost and speed, regulatory issues, and business logic regarding scalability, according to Bossé, are all preventing cryptocurrency investment from becoming mainstream. Once the industry overcomes these obstacles, Bossé believes that enterprises will be able to appropriately monetise activity and move beyond what is now being done.
On May 24, Bossé took part in an Avalanche webinar titled "Powering Business with Blockchain." Executives from Mastercard, Wirex, and Ava Labs participated in the 40-minute webinar. The future generation of technology, banking, and payments were among the subjects explored.
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Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards