By Kenny S - Cryptocurrency Speculator - 06-09-2021
We are witnessing more companies announce their acceptance and adoption of cryptocurrency trading. Over the last couple of years, businesses ranging from solo to conglomerate have been releasing their crypto news to the public; this ranges from expanding the company’s portfolio to investing in cryptocurrency to accepting it as a viable payment option.
The most common go-to cryptocurrency to both invest in and used for payment is the crypto giant Bitcoin (BTC). To date, hundreds of companies accept Bitcoin investments as a form of payment. Some of these companies include big names like BMW, Subway, Domino's Pizza, and even Virgin Galactic, to name a few.
In recent news regarding Bitcoin, a Mexican retail and banking business has announced its latest crypto adoption. Grupo Elektra, a large-scale financial services company, is releasing its latest payment function in all of Elektra's stores, allowing customers to pay with Bitcoin. The announcement came in a tweet by Ricardo Salinas Pliego, the owner of Grupo Elektra, stating that the company is providing support for the Bitcoin Lightning network.
Bitcoin's Lightning Network is a second-layer technology that enables safe, private, and near-instantaneous Bitcoin transfers. The network uses micropayment channels to expand its blockchain, which further helps to conduct transactions as efficiently as possible.
The owner of Grupo Elektra, Pliego, is the third richest person in the whole of Mexico with an impressive net worth of $15.4 billion. Pliego is very open about his support of the crypto giant Bitcoin; in November, he stated that 10% of his investments will be put into the coin.
If you are looking to Buy and Sell Bitcoin, then you can head over to BC Bitcoin where you can safely start investing today.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards