By Jamie Green – Cryptocurrency Expert
Trading currency
The card processors Mastercard and Visa are deeply rooted in the payments industry as well as general day to day use. The percentage of people who now use their services as opposed to the cash alternative has increased drastically over the years, as detailed through CNN. However, many still find it difficult to fully adopt a digital currency as their main method for daily transactions.
With how integrated these companies are, it would suggest they must not fear Bitcoin or cryptocurrencies. When you look at the past decade, they have been doing well.
Significance of Bitcoin
Bitcoin can win the hearts of users with excitement that volatility naturally brings. It is exciting when your coin has the potential to reach new highs. Many will hope to buy Bitcoin low & sell Bitcoin high, but it has not yet replaced cash or become the standard trading currency worldwide.
It is true that some users over the years have become rich through their return on investment from their initial Bitcoin investments, but it also undeniable that neither of the major financial companies have not vanished from any of the markets at any point in the 10 years that the Bitcoin network has been live.
Cash still at the Top
When looking worldwide, cash is still the most commonly used payment method. None of these currency modes or cryptocurrencies have replaced or served on the level that cash has and is currently. A strong factor is the development of the country, but there is an argument that emerging markets with greater access to mobile devices could use this to transact using cryptocurrencies. Such a platform would then encourage them to purchase Bitcoin. Current reports estimate that 50% of transactions are still made through cash, although many developed countries are on track to reduce cash as the preferred payment medium.
Head over to BC Bitcoin to buy and sell Bitcoin from a trusted Bitcoin broker. We have a wide variety of coins listed at the best rates, so we are not only the best website to buy Bitcoin, but the best place to buy all cryptocurrencies.
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