Crypto

Over 40 UK Retailers Will Distribute Bitcoins Starting Next Year

The cryptocurrency market surpassed $ 3 trillion in early November for the first time in its history.
escape haha ​​- stock.adobe.com

More than 40 British retailers will offer bitcoins to their customers from 2022 through their loyalty programs, the British fintech Mode, specialized in payments with cryptocurrencies, announced on Thursday.

Online food distributor Ocado, DIY stores Homebase and UK pharmacies Boots are among the brands that will launch to bitcoin from the second quarter of next year, Mode said in a statement.

The payment company explains that it wants, through its mobile application, “to reorganize the traditional loyalty programs by offering UK customers the possibility of acquiring bitcoins, without running the risk of investing.”

The bitcoin will be credited to the Mode account of customers who have downloaded the company’s application and that allow them to spend or exchange the cryptocurrency, according to the company’s website.

The fintech had already announced in October an agreement with THG, the cosmetics and food supplements group, to offer payments and loyalty programs in bitcoins for its “more than 30 brands.”

The cryptocurrency market surpassed $ 3 trillion in early November for the first time in its history, reflecting an increased appetite for traditional finance and a flight of investors attracted by the skyrocketing surges.

Bitcoin, the first decentralized cryptocurrency, recently hit a new all-time high at $ 68,992, building on the late-October launch of a cryptocurrency-linked financial product on Wall Street, a historic step towards its democratization.

But the market remains highly volatile: Since this peak, bitcoin has seen its value drop by almost 15%, to just under $ 60,000 in mid-November, and market regulators are advising investors to only put money in play. miss.

Rank Math Seo Pro Weadown, Wordfence Premium Nulled, Yoast Nulled, PHP Script, Fs Poster Plugin Nulled, Astra Pro Nulled,Woodmart Theme Nulled, Wpml Nulled, Avada 7.4 Nulled, Woodmart Theme Nulled, PW WooCommerce Gift Cards Pro Nulled, Elementor Pro Weadown, Newspaper – News & WooCommerce WordPress Theme, Nulledfire, Slider Revolution Nulled, Elementor Pro Weadown, Jnews 8.1.0 Nulled, WeaPlay, Business Consulting Nulled, WP Reset Pro, Newspaper 11.2, Flatsome Nulled, Woocommerce Custom Product Ad, Premium Addons for Elementor, Jannah Nulled, Consulting 6.1.4 Nulled, Plugins, WordPress Theme, Dokan Pro Nulled

Back to top button