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Bitcoin [BTC], Ethereum [ETH] and XRP among cryptocurrencies now accepted by Switzerland’s largest online retailer

Biraajmaan Tamuly

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Bitcoin [BTC] accepted by Switzerland's largest online retailers
Source: Pixabay

Bitcoin [BTC] added another feather to its hat in terms of mass adoption as Switzerland’s largest online retailer, Digitec-Galaxus AG reported that the company has started accepting Bitcoin payments.

According to Swiss local news outlet, Watson, Digital Galaxus customers can now purchase from a range of 2.7 million products using Bitcoin [BTC], Bitcoin Cash [BCH], Bitcoin SV [BSV], Ethereum [ETH], XRP, Binance Coin [BNB], Litecoin [LTC], TRON [TRX], OmiseGO and NEO.

The announcement surfaced right after a team of software developers from the company engineered a new payment system. The cryptocurrency transactions can now be processed using crypto payment processor, Coinify.

The company, termed as “Amazon” of Switzerland, admitted that the main objective behind the introduction of crypto payments was to position itself as a forward-thinking company.

Oliver Herren, co-founder and Chief Innovation Officer of Digitec-Galaxus stated,



“Cryptocurrencies are fascinating and could become a relevant means of payment in e-commerce. We would like to support this development. We wanted to do that for a long time, but the effort was too long for a long time.”

Herren further explained the decision to introduce alternate means of payments. He said,

“Because you have some and you want to use them? Or because you can not turn them into real money because your bank does not accept the money? Just because you can do it? Or because you like to try new things?”

According to Digitec spokesman, Alex Hämmerli, the payment with cryptocurrencies would require a minimum of 200 francs [Swiss currency]. This would increase the likelihood of quicker payment confirmation for the customer. Hammerli did not mention any maximum amount.





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Biraajmaan is an engineering graduate who is exploring the ever-changing crypto verse while traversing his passion for cryptocurrency news writing. He is a Chelsea fan and a part-time poet and does not hold any value in cryptocurrencies yet.

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Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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