Retail Consumers will push Bitcoin Mainstream – Not Corporate Investors
Cryptocurrency Expert- Tyler
In 2020, there was new and fresh excitement for Cryptocurrencies, in particular with more people buying Bitcoin (BTC). Bitcoin has set new records with a market value of over $600 billion at the time of writing, increasing its coverage in the media and capturing attention worldwide. For many Crypto investors, this year has been particularly exciting.
Bitcoin was not a regular digital asset that was proposed as a hedge against inflation. The idea behind Bitcoin came from failing centralised financial institutions with a potential solution that would be useful in daily life. With many third-party investors and the giants of finance looking into Bitcoin investments, Bitcoin’s popularization as an asset has become explosive. Below are some examples that could challenge fiat currencies and accelerate Bitcoin into the mainstream.
Crypto investing has continued to increasingly rise, with more companies now open to accepting Bitcoin and other Crypto as payment for goods and/or services. Microsoft was one of the first companies to accept Bitcoin as a payment method for digital products back in 2014. Last year, PayPal also announced that it will be enabling Cryptocurrency as a payment source in 2021. With more merchants looking into accepting Crypto, we can expect that soon enough everyone will be using and investing in Cryptocurrency.
If you’re looking to Buy and Sell Bitcoin but searching for a trusted Bitcoin retailor, you can register with BC Bitcoin, the best website to buy Bitcoin in the UK.
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