There’s been a trend happening in the Bitcoin industry, and it’s becoming more prevalent as the industry grows: the offering of fiat conversion or payment processing through certain cryptocurrency exchanges and wallet providers. Startups in the digital currency realm start by offering crypto-solutions with their new applications, then later offer fiat transactions as well.
Also read: The Programmable Economy, The Internet of Things, and Bitcoin Are Transforming the Future
“I think what hardcore believers in bitcoin are ultimately disappointed by is the realization that our primary goal as a company is not, and has never been to advance the cause of Bitcoin.”
— Byrne Reese, Head of Product for Uphold