Author

Topic: American Express has written an article on cryptocurrencies (Read 115 times)

member
Activity: 252
Merit: 12
It's surprisingly balanced and realistic. See for yourself:

https://www.americanexpress.com/us/content/foreign-exchange/articles/bitcoin-a-part-of-the-international-payments-landscape/

Quote
The Takeaway

Using bitcoin for international payments potentially increases payment speed and security, reduces costs, and helps to protect businesses from currency volatility in some countries. However, limited international acceptance of bitcoin currently makes it difficult for companies to work entirely in bitcoin. Using bitcoin thus exposes companies to FX risk, which can be significant because of bitcoin’s exchange rate volatility, and for which at present there are few hedging tools. However, as cryptocurrencies and blockchain-based payment systems are more widely adopted, bitcoin seems likely to become an important part of an ever-changing global payments landscape.

Like everytime they said bitcoin is good payments but still strong volatility. Nothing new.
member
Activity: 238
Merit: 11
All I can say that this article was well written without any FUD in it. Yes bitcoin still has to grow and get major acceptance but that's why are we here now as early adopters because we are the ones changing the world for the better.
member
Activity: 266
Merit: 60
Good to see something positive this week, getting sick of the FUD!
This seems to be a non bias view of Bitcoin, I agree 100% with what they are saying.

Cheers for the thread.
member
Activity: 322
Merit: 10
The best time to buy bitcoin is in the past 10 years, and now this is the time to buy a bitcoin because if you can see the bitcoin price is about $10000 - $9000 and for sure by this year 2018 end the value was increase again.
legendary
Activity: 2646
Merit: 2691
Join the world-leading crypto sportsbook NOW!

It is refreshing to see level headed article these days among the sea of FUD or FOMO articles. Kudos to author.
legendary
Activity: 1652
Merit: 1088
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It's surprisingly balanced and realistic. See for yourself:

https://www.americanexpress.com/us/content/foreign-exchange/articles/bitcoin-a-part-of-the-international-payments-landscape/

Quote
The Takeaway

Using bitcoin for international payments potentially increases payment speed and security, reduces costs, and helps to protect businesses from currency volatility in some countries. However, limited international acceptance of bitcoin currently makes it difficult for companies to work entirely in bitcoin. Using bitcoin thus exposes companies to FX risk, which can be significant because of bitcoin’s exchange rate volatility, and for which at present there are few hedging tools. However, as cryptocurrencies and blockchain-based payment systems are more widely adopted, bitcoin seems likely to become an important part of an ever-changing global payments landscape.
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