Bitcoin Miami: the announcements to remember

The price of Bitcoin (BTC) lagged behind Ethereum (ETH) and other major altcoins today, despite a series of bullish news that emerged from the Bitcoin 2022 conference in Miami, USA.

Source: AdobeStock / Vera Kuttelvaserova

BTC is currently trading around $ 42,800, up just 0.6% over the past 24 hours and down 4% over the past 7 days.

Meanwhile, the price of ETH is hovering around $ 3,230, up 2% over the past 24 hours and remaining unchanged over the past 7 days, while other major altcoins like BNB and Solana (SOL) have risen 0.8% respectively. and 3.5%. in the last 24 hours.

BTC price evolution over the last 14 days:

Source: CoinGecko

Mallers pushes for the adoption of BTC as a means of payment in the United States

Jack MallersCEO of the bitcoin payments provider To hitsaid on Thursday that his company has reached agreements that will allow BTC to be used as a means of payment with online merchants using the platform. Shopify and at a large number of physical retailers across America.

“When I go to Whole foodswhen i go to Chipotle later this year and now I want to be able to use my Lightning node TorI care about my privacy, ”Mallers said on the conference stage.

Mallers also announced that:

“Strike also collaborated with Blackhawk, […] one of the largest alternative payment providers in the world. They have 400,000 storefronts and 37,000 partners, “adding:” We’ve also partnered with the largest store supplier on the planet, NCR. “

Commenting on the announcement by Mallers, the famous macroeconomist and investment strategist Lyn Aldenfounder of Lyn Alden’s investment strategyhe said accepting bitcoin at retailers is important for keeping the network “permissionless”.

“Some people naturally reject this idea because they don’t want to spend their BTC; they want to save it. However, the more places that accept BTC at the point of sale (on-chain or Lightning or whatever), the more the entire network is without authorization,” a declared Alden in a Twitter thread.

“This is because, if all you can do with BTC is convert it back to fiat on a major exchange, then it’s easy to isolate it. […] But if you can spend it directly on goods and services between companies and jurisdictions, it’s harder to isolate it, “he added.

However, some have warned that the news may not be as good as it sounds, saying the ability to pay with BTC will depend on a specific retailer allowing Lightning integration with their payment system.

Robinhood Launches Crypto Wallet

The popular trading app Robin Hood also have announcement important news at the conference. He claimed to have implemented a crypto wallet solution for over 2 million waiting list customers.

According to Aparna ChennapragadaRobinhood Product Manager, Waiting List platform users can now send and receive any cryptocurrency available on the platform.

He added that the company is also working on adding support for the Lightning Network.

Robinhood is a popular stock trading app among retail investors in the United States and is known for offering commission-free trading to its 31 million users across the country.

Nation-state adoption is on the rise

Samson Scytheformer Chief Strategy Officer of the bitcoin development company, Blockstreamwhich states it is now working on state adoption of bitcoin, also had important news to report.

Mow said a designated free economic zone on the island of Roatán in Honduras and the Madeira region of Portugal are both ready to “adopt Bitcoin” as a payment method in their territories.

Separately, a Mexican senator said she is proposing legislation in the senate that would make bitcoin legal tender in the country if approved.

“This is what I was able to do on my own in a month,” said Mr. Mow at the end of his presentation at the conference.

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