Bitcoin hater Schiff now selling gold for bitcoins

  • Peter Schiff is a famous gold proponent and investor, and more recently he has become known for his hatred of bitcoin.
  • That is why it may seem odd that Schiff’s Euro Pacific Precious Metals has announced that it is pairing with bitcoin payment processor BitPay in order to allow investors to buy gold and silver through Euro Pacific by using the digital currency.
  • In a November 2013 appearance on CNBC’s “Futures Now,” Schiff, chairman of Euro Pacific, declared that bitcoin was in a bubble that resembles “modern-day tulip mania.”
  • On Wednesday, BitPay announced that it was partnering with Euro Pacific in an arrangement that will allow customers to spend bitcoin in exchange for precious metals.
  • I still think that there is a bubble in bitcoin, and I don’t think that we’ve seen the lows yet,” Schiff said on Thursday’s Futures Now.

Peter Schiff has said bitcoin is “a bubble” and won’t become “a source of commerce for the world.” So why is he now accepting the digital currency?
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Cryptocurrency Platform Byteball Schedules Second Round of Distribution for February Full Moon

  • Cryptocurrency Platform Byteball Schedules Second Round of Distribution for February Full Moon
  • Like the earlier launch-day giveaway, the Bitcoin community along with existing bytes holders stand to benefit from the upcoming distribution round.
  • The second round of free distribution will be proportional to bytes and bitcoin holdings of the cryptocurrency community.
  • MOSCOW, Jan. 31, 2017 /PRNewswire/ — The next generation cryptocurrency platform, Byteball will soon embark on the next round of token distribution.
  • Byteball, a revolutionary cryptocurrency platform will soon distribute more bytes to Bitcoin community members and existing bytes holders.

MOSCOW, Jan. 31, 2017 /PRNewswire/ — The next generation cryptocurrency platform,  Byteball  will soon embark on the next round of token distribution. The second round, scheduled for the next full moon, …
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The Death of Sovereign Fiat in Zimbabwe

  • Not surprisingly Zimbabwe also has a small but growing bitcoin community who see the value in an international decentralized digital currency.
  • Due to a lack of food to feed the nation, a reduction in foreign investment, a deterioration in international trade relationships, and international sanctions Zimbabwe fell into a deep economic depression and its currency suffered hyperinflation.
  • In 2015, the Reserve Bank of Zimbabwe officially discarded the Zimbabwean dollar and exchanged all cash holding on bank accounts into US dollars, with one US dollar being worth 35 quadrillion Zimbabwean dollars .
  • The Reserve Bank of Zimbabwe (RBZ) started issuing ‘bond notes’ on November 28, which have an official value pegged 1-to-1 with the US dollar.
  • The government announced that the new “currency” will be launched partly because there are not enough US dollar notes circulating in the country.

Economist Philip Haslam believes Bitcoin is the answer to Zimbabwe’s ongoing currency crisis as the government announces ‘bond notes’ as tender.
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Bringing Bitcoin To Cuba

  • In the short term, BitcoinCuba is planning on organizing workshops and conferences to inform and educate Cuban entrepreneurs and anyone who cares to know about this new technology.
  • In mid-July, Fernando became the architect of a historical moment: Cuba’s first documented Bitcoin transaction.
  • CG: You recently completed the first documented Bitcoin Transaction in Cuba.
  • Cubans are not using credit or debit cards and most do not have a bank account.
  • FV: BitcoinCuba’s mission is to inform average Cubans and the small tech community about the use of digital currencies like Bitcoin.

Since its introduction in 2008, Bitcoin, the world’s most recognized and frequently used crypto-currency has continued to grow in popularity. Bitcoin’s p…
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How To Make Use Of Bitcoin in Business

How To Make Use Of Bitcoin in Business - Huffington Post  #bitcoin #fintech #btc #crypto

  • How To Make Use Of Bitcoin in Business
  • For businesses with overseas vendors, bitcoin transactions are worth considering.
  • Wire transfers, when replaced with bitcoin transactions can be highly addictive because of how improved they are over the current international funds transfer system.
  • For a business to remain relevant, it must keep up with the latest technology and tools.
  • 1. Start accepting bitcoin as another payment method.

Read the full article, click here.


@btc_update: “How To Make Use Of Bitcoin in Business – Huffington Post #bitcoin #fintech #btc #crypto”


For a business to remain relevant, it must keep up with the latest technology and tools. As we enter the so-called era of ‘fintech’ (financial technology…


How To Make Use Of Bitcoin in Business