Connect with us

Altcoins

Bitcoin SV [BSV] becomes a sponsor of Dota 2 e-sport event in Thailand

Avatar

Published

on

Bitcoin SV [BSV] becomes a sponsor of Dota 2 e-sport event in Thailand
Source: Pixabay

Bitcoin SV aka Bitcoin Satoshi Vision, the result of the hard fork of Bitcoin Cash [BCH] that happened on November 15, 2018, supported mainly by Calvin Ayre and Craig S Wright, is now a sponsor of an e-sport event in Thailand.

As per the tweet by Hivr, which is a social wallet, secure messenger and tipping platform, Bitcoin SV is now added as a sponsor for Thailand’s biggest e-sport event for Dota 2. Dota 2 is a massive multiplayer online role-playing game [MMORPG], which is infamous for its massive prize pool collection that usually happens for its yearly tournament known as The International.

Hivr tweeted:

“We are sponsoring one of the biggest #esport event in Thailand, so we decided to add #BitcoinSV #BSV as an offical sponsor. We will push BitcoinSV in our native country (Thailand) in every way we can this year #ADOPTION”

The Facebook page for the e-sport event posted a picture with the sponsor of Bitcoin SV and the social wallet, hivr.

Source: Facebook | PT Dota2 Circuit

Hivr beta was launched on October 22, 2018, as a Bitcoin Cash-powered social media application for Android devices that featured a wallet, native tipping, posting to the social news feed, instant messaging and more.

Having cryptocurrencies displayed on such events would help people notice the currencies and put these on a fast track path to adoption.

Calvin Ayre, a lead proponent in the Bitcoin SV community, commented:

“very cool. I am in Bangkok now also..I have a place here also.”

Litecoin [LTC] logo was recently displayed on the canvas of a UFC 232 fight as it sponsored the fight. Litecoin, as a result, became the first cryptocurrency to enter the octagon and gain widespread adoption by UFC’s millions of viewers.



The same can be said for Bitcoin SV as every year, Dota 2’s “The International” is watched by millions if not billions of people across the world. This could be the first step that could help the Bitcoin SV community gain widespread attention and adoption that it needs.

A Twitter user, @omgbtc commented:

“Sounds dumb, use lightning on the real Bitcoin if you want to get real adoption. Reach out when this falls apart, but in the meantime please take SVs money. Just convert it quickly before for its worthless.”





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

Altcoins

Rabobank announces plans to drop its crypto-project

Sarvesh Kumar

Published

on

Robobank to drop its plans of having their own crypto-wallet
Source: Pixabay

Rabobank, a bank based out of The Netherlands, has decided to drop their idea of creating their own native cryptocurrency called Rabobit. The bank had announced their cryptocurrency plans in February 2018. Rabobank was looking at closing the gap between banks and cryptocurrency wallets. However, they have taken this decision after exploring the field for more than a year.

According to a report by Hard Fork, a spokesperson from the bank said,

“After careful consideration with our customers in mind, we recently decided that now is not the time to develop the idea further and bring it to the next phase of innovation”

Their cryptocurrency idea was part of the Rabobank Moonshot program, which was looking at boosting innovation in Fintech services. The bank does not consider their research a waste, but the same has led to valuable insights and experience in general, the spokesperson added

The spokesperson also said,



“We have learned valuable lessons about our customers and the crypto market and on how to design blockchain and crypto applications.”

The spokesperson cited regulatory uncertainty as the reason why the Dutch institution pulled out of the project. Although the bank has dropped the idea, they will be keeping a tab on the market and the regulatory changes in the industry.

Rabobank is not the only bank to drop the idea of having a cryptocurrency wallet. Recently, ABN AMRO, another Dutch bank, also dropped their plans of “Wallie,” their own cryptocurrency wallet. The reason for their drop was also with respect to regulatory conditions in the industry.





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending