Bitcoin is backed by a large financial institution

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: HavisAlex on January 26, 2018, 05:44:01 AM

In August of this year, Fidelity Investments, a $ 2.13 trillion asset manager, now a shareholder in WeWork, Snap, Uber, and SpaceX, has begun accepting Bitcoin and other currencies. This is a rare case among large financial institutions.

Accordingly, Fidelity allows customers to use the company's website to track their Bitcoin assets through a Coinbase e-wallet.

After a little research, I found the below article from Fidelity website itself. Please see below,

It says, currently you can't invest in crypto currency in Fidelity. I am wondering how you got this news that this company is accepting bitcoin or other cryptos as a method for investment? It clearly says, they don't accept cryptos for investment.

Also if a company accepts cryptos, that certainly doesn't mean that crypto is backed up by that company. Just an FYI.

rayk

full member

Activity: 448

Merit: 100

No that does not mean it is backed by large financial institutions but it is very good for bitcoin because serious people can invest in bitcoin through such financial institutions.

automaticmoney

member

Activity: 420

Merit: 18

Large number of Financial Institutions are supporting Bitcoin is good move we need to appreciate this and good for market as well

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Implenting bitcoin into their payment systems doesn’t mean much unfortunately unless people start paying for said products with bitcoin.

BitcoinHodler

hero member

Activity: 1456

Merit: 579

HODLing is an art, not just a word...

just because some "institute" or whatever is accepting bitcoin it doesn't mean bitcoin is "backed" by them.
Microsoft is one of the biggest and oldest companies that has been accepting bitcoin payment and you never said "bitcoin is backed by Microsoft"!!!

TWagner92

newbie

Activity: 85

Merit: 0

LOL. This the very reason why merit system was implemented. To remove shitposting, but they are evolving elongating their posts, copy-pasting without acknowledging the source to make it appealing.

PS. I just got to comment, because I have been seeing this kind of posts where there's no argument just a bunch of wiki-facts that had been copypasted.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: HavisAlex on January 26, 2018, 05:44:01 AM

In August of this year, Fidelity Investments, a $ 2.13 trillion asset manager, now a shareholder in WeWork, Snap, Uber, and SpaceX, has begun accepting Bitcoin and other currencies. This is a rare case among large financial institutions.

Accordingly, Fidelity allows customers to use the company's website to track their Bitcoin assets through a Coinbase e-wallet.

Check your calendar, since we're in January...
If you copy paste articles use quotes and cite the source from where you copy them!!!!!!!!

HavisAlex

newbie

Activity: 6

Merit: 0

In August of this year, Fidelity Investments, a $ 2.13 trillion asset manager, now a shareholder in WeWork, Snap, Uber, and SpaceX, has begun accepting Bitcoin and other currencies. This is a rare case among large financial institutions.

Accordingly, Fidelity allows customers to use the company's website to track their Bitcoin assets through a Coinbase e-wallet.

Topic: Bitcoin is backed by a large financial institution (Read 170 times)