Bitcoin has been gaining a lot of traction In China over the years, as the majority of trading volume is originating from that country. At the same time, the People’s Bank of China has been opposing Bitcoin for quite some time now, leaving consumers to wonder how the future of digital currency will look. Now that WaCai, a top finance and accounting app in China has listed Bitcoin as a major currency, things could get absorbing over the next few months.
Bitcoin is A Major Currency According To WaCai
Mobile finance and accounting applications are becoming more popular all over the world as of late. Consumers want quick and convenient access to financial tools and services, and the mobile ecosystem seems to be the platform of preferences to do so. However, banks and other established financial institutions are playing catch-up in this regard, as independent companies and Fintech startups seem to be outcompeting them.