Now, American Express’s turn to venture into Bitcoin.
And the greatest part is that it is blending the use of bitcoin into our everyday lives via the most attached gadget, our smartphones.
Nothing in the world is entirely good or totally bad to all.
Something is good or bad for you simply because you have taken a position.
However if you can adapt to changes or even stay ahead the only result can be good, regardless of the condition or consequence.
Now you realise why life always seems better on the other side.
It is exactly because you have taken sides in the first place!
To most people:
When bitcoin price fluctuates, it’s risky. No good.
When bitcoin price stablises, there’s no money to make from it. Bad.
That’s why most people live lives of common people while dreaming for the better.
To those like me:
When bitcoin price fluctuates, it’s good investment tool!
When bitcoin price stabllises, it’s good as a currency. Great!
That’s how one wins every moment, left right centre up down or sideways.
This is indeed something to ponder upon isn’t it?
American Express Invests In Bitcoin Venture, Abra, Which Announces U.S., Philippines Launch
In a world where bank transfers take two to three days and even seemingly immediate payment apps like Venmo actually aren’t, Bitcoin technology makes it possible to transfer money instantaneously and securely from person to person. It is inspiring startups to make such transactions an everyday reality — and many of them are choosing to do so without marketing themselves as Bitcoin companies.
Wednesday, Abra, one such company, announced that it will soon be available to all registered users in the United States and Philippines and will also now offer services enabling merchants to accept digital cash from consumers using its app. Additionally, it added strategic investments to its $12 million Series A round, announced in September, from American Express AXP +1.18% and Ratan Tata, the chairman emeritus of Tata Sons, the holding company of Indian conglomerate Tata. Amex’s participation in particular adds yet another financial institution to the list of those, including Nasdaq, Visa, Goldman Sachs, and the New York Stock Exchange, that have put money into Bitcoin startups.
“As people and businesses transact more globally, there’s a need for more convenient and affordable ways to move money, and we think the blockchain could play an important role in the evolution of money transfer and commerce, especially in emerging markets,” said Harshul Sanghi, American Express EXPR -1.36% Ventures managing partner, in a statement, using the shorthand term “blockchain” to refer to the technology that powers Bitcoin.
Don’t let a rotten economy spoil your goals. Use the career and money advice in The Millennial Game Plan to get and stay ahead for good.
The basic premise behind Abra is that anyone should be able to send money from their phone to any other phone, Bill Barhydt, Abra’s CEO and founder, told me in May: “It’s not possible today to simply transfer from one phone number anywhere in the world to another phone anywhere else in the world. And in the hyper-connected world that we live in, that doesn’t make any sense.”
The app enables users to store money…..
Read more : Laura Shin, American Express Invests In Bitcoin Venture, Abra, Which Announces U.S., Philippines Launch