Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[NoLimits15]

A very popular bank of the UK named Revolut is now accepting bitcoin. Users can buy and sell bitcoin very easily through the Revolut app. Amidst the global coronavirus pandemic, many governments are trying to print new money and bitcoin offers an alternative currency to people which is why Revolut introduced bitcoin to its users. There are almost 7 million people who use Revolut...

 

[Bilalgul]

That is some real good news for both the cryptocurrency world and the people of the United Kingdom and think there should more steps like this

 

[Pinkpanther]

just read more information this bank , it says that the bank is digital bank and slowly becoming a real one, that's great news. plus the price of bitcoin is growing fast recently.

 

[LutherKing]

Yes it has just passed the $60k levels to be honest and things will be on the brighter side more and soon , the users will on the benefit on long rum

 

[Brain]

Making crypto and Bitcoin transactions a lot easier now. I just like the way banks and institutions are incorporating crypto currency into their system now. It's really encouraging.

 

[Wisdom01]

I noticed that this period many banks are adopting cryptocurrency to get more users ,glad the banks is recieving and have millions of users to encourage the development and adoption process

 

[btaliat]

What I noticed about this crypto of a thing is that most advance country seems to embrace it more than the developing countries that even need it the most. Very soon, all banks may start using it in the advanced countries

 

[CryptoCasinos]

Revolut sent me an email requesting all sorts of documents. I was an active customer for 4+ years. They are not crypto friendly regardless of what people think.

 

[Wisdom01]

What I noticed about this crypto of a thing is that most advance country seems to embrace it more than the developing countries that even need it the most. Very soon, all banks may start using it in the advanced countries

They actually have developed economies and the advance countries are practicing to increase their innovation and move ahead in terms of technological development

 

[btaliat]

They actually have developed economies and the advance countries are practicing to increase their innovation and move ahead in terms of technological development

But why can't developing counties especially Africa copy the same. After all, those advanced countries started somewhere as well.?

 

[Wisdom01]

But why can't developing counties especially Africa copy the same. After all, those advanced countries started somewhere as well.?

It's the government that's the issue ,there have actually the resources and capabilities to be like those developed counties ,but bad government spoilt things

 

[Brain]

Revolut sent me an email requesting all sorts of documents. I was an active customer for 4+ years. They are not crypto friendly regardless of what people think.

This is then bad and the report given here isn't really accurate then because the speculation is that anyone with the app can easily use it with crypto without issues

 

[btaliat]

It's the government that's the issue ,there have actually the resources and capabilities to be like those developed counties ,but bad government spoilt things

You are right. I do see them as non visionary rulers. Assuming they can project the future, they can see well good things and reasons for investing in cryptocurrency.

 

[Balint098]

But why can't developing counties especially Africa copy the same. After all, those advanced countries started somewhere as well.?

Because many governments in Africa are corrupt. All they care about is how to make themselves richer, while the populace suffer from poverty, lack of education, and more problems.

 

[Brain]

Because many governments in Africa are corrupt. All they care about is how to make themselves richer, while the populace suffer from poverty, lack of education, and more problems.

Yeah you are right I think our problem stems from greed and corruption. Amassing wealth for themselves alone any thing that will benefit the masses is a big no to our leaders.

 

[btaliat]

Because many governments in Africa are corrupt. All they care about is how to make themselves richer, while the populace suffer from poverty, lack of education, and more problems.

I don't always blame African leaders for these problems. I do see followers who are always complacent and never react negatively to some of these obnoxious policies

 

[Brain]

I don't always blame African leaders for these problems. I do see followers who are always complacent and never react negatively to some of these obnoxious policies

Well o think some followers do react but they get imprisoned along the way that stalled others from doing same. The thing is that our leaders are just tyrant

 

[Sotherefore]

These people are seeing the function of cryptocurrency but the Bank of Nigeria are trying to ban people from investing in cryptocurrency that cryptocurrency is something that has promoted a lot of crime in the country even when the government official are morally corrupt.

 

[lavishman]

Revolut is a very big company it has been here for a long time now. It's good for them that they are always growing and improving. Imo it's a good step to accept crypto so early.

 

[Kubiat-Abasi]

This is actually a welcome development as at USA Revolt bank accepting the means of Bitcoin for payment transactions. It's a welcome development although the financial institution may run to losses and risk customers retention, if they don't have crisis management technique or a plan B.