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1 billion is what, about 1% of supply of bitcoin? So less than that since this includes bitcoin cash as well? > In the past year, the BitPay wallet added inte
by shkkmo 8y ago
1 billion is what, about 1% of supply of bitcoin? So less than that since this includes bitcoin cash as well?
> In the past year, the BitPay wallet added integrations with major gift card brands, enabling users to buy gift cards in-app for travel, food, and shopping with Bitcoin and Bitcoin Cash.
They don't break out what types of goods/services are being purchased. I wonder to what percentage of their transaction are being used to sell / launder bitcoins associated with illegal activity by buying gift cards that can then be resold.
- intertextuality 8y agoNot sure why you're being downvoted here; I also would like to see a breakdown of what people are actually buying with bitcoin thru BitPay. To this day I still don't know anyone in real life who actually uses it over any other payment method.
- Ibethewalrus 8y agoMy 2c: its the 2-3 whales controlling 90%, just bouncing coins around. Hoping to build hype again