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Ripple’s seemingly unstoppable bull run took a hit Thursday after US exchange Coinbase dispelled rumors it would add the asset.
From highs above $ 3.60, the latest milestone in what has become the biggest-ever annual appreciation for a major cryptocurrency of around 35,000%, the platform’s XRP token swiftly fell by almost a fifth following the news.
As of press time Friday, XRP is correcting and is still down 9% versus USD and 15.4% against Bitcoin (BTC).
A blog post from Coinbase reads:
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Bitcoin Core developer Jonas Schnelli has hit out at payment processor BitPay after it suddenly “deactivated” all its non-US debit cards.
In a message to users, BitPay explained that its card issuer, Wave Crest, “received direction from (Visa) to immediately close all accounts of its prepaid (Visa) debit card programs,” of which its prepaid Bitcoin debit card was one.
A lack of notice meant the company had no choice but to immediately shut down spending from all its customers outside the US, BitPay claimed.
The message continued with:
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Bitcoin’s wild ride to the top last year and altcoins following it has put cryptocurrency firmly into the mainstream with major exchanges now offering futures contracts. In addition to over 100 crypto focused funds already operating a Connecticut based digital currency hedge fund launched in August has raised $ 140 million.
According to Bloomberg, BlockTower has also hired a former vice president at Goldman Sachs Group, expanding its team to eight people. The capital has been raised from family offices and other institutions including venture capital firms.
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Bitcoin is increasingly being used for payments in various sectors of the tourism industry. Now, as medical tourism is booming, the cryptocurrency is also becoming popular in this multi-billion dollar sector.
For some time, travelers and tourists have been using Bitcoin to pay for flights, accommodations, and car rentals.
Now, medical tourism is growing exponentially. According to economics professor Marc Pilkington, medical tourism is a $ 100 billion global market industry comprising 11 million medical tourists annually. The yearly growth is around 25% worldwide.
