Support from Tesla as well as Bank of Sherlovilla
Electric car company Tesla said last Monday that the company is buying $ 1.5 billion in bitcoin as its investment strategy. It was also said that the company is soon working on a plan to quickly approve payments through bitcoin on the purchase of its products. Subsequently, Blue Ridge Bank of Charlottesville, Virginia, said it would become the first commercial bank to provide access to bitcoin at its branches. The bank said that its cardholders can buy and redeem Bitcoin at its 19 ATMs.
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‘Bitcoin will become currency of transaction in 5 years’
America’s oldest bank BNY Mellon said that digital currency will be included in services offered to clients soon. Not only this, MasterCard also said that it would start supporting some cryptocurrency on its network. Richard Lions, a finance professor at the University of California, said that other digital currencies, including bitcoin, will become the currency of transactions in the next five years. Explain that bitcoin is a virtual currency. It can be used like dollars, rupees or pounds. It can also be exchanged in other currencies including dollars.