Bitcoin Startups Face Backlash for Perceived Pivots

CEO, backlash

Bitcoin attention startups are confronting recoil over a new array of articles in that they have been portrayed as pivoting divided from a digital currency and toward some-more ubiquitous FinTech applications.

Spurred by articles in Business Insider and The Guardian that indicted companies including BitPay, Circle and Uphold (formerly Bitreserve) of “turning their back” on a technology, amicable media forums became venues for an airing of village grievances over a some-more inflammatory denunciation used by a publications this week.

“Bitreserve, that used to be a bitcoin wallet and exchange, has rebranded itself as ‘Uphold’, and is now resolutely perplexing to force a story down a memory hole,” The Guardian wrote.

At emanate for many was either a news publications were overenthusiastic in their characterization of a attention trend, or either a companies with before bitcoin-centric business models are observant one thing to a press and another to a community.

Reddit user Eragmus took issue with a duality of statements by Uphold CEO Anthony Watson, writing:

“This association is totally two-faced.”

Elsewhere, record enthusiasts called a association “hypocrites” for statements that pragmatic a “Bit” in a former name did not impute to bitcoin. Prior to this week,



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