Cryptocurrencies Ascend the Global Stage
NEW YORK, Sept. 9, 2021 /PRNewswire/ -- El Salvador has become the first country to adopt Bitcoin as legal tender on Tuesday. One of the major reasons El Salvador has decided to conduct this experiment with the digital currency is due to numerous conveniences that come with Bitcoin. Generally, using the major digital currencies results is payments being faster, cheaper, safer and less volatile than the local currencies in many countries. Therefore, it can be used in countries like El Salvador for storing value, besides being used to pay for many products and services around the world and on the Internet. Overall, business and governments are gradually becoming more open to the use of cryptocurrencies. And, while China took steps in one direction, other countries have instead opened up to the cryptocurrency market. ISW Holdings Inc. (OTC: ISWH), Ebang International Holdings Inc. (NASDAQ: EBON), The9 Limited (NASDAQ: NCTY), HIVE Blockchain Technologies Ltd. (NASDAQ: HVBT), Hut 8 Mining Corp. (NASDAQ: HUT)
- Overall, business and governments are gradually becoming more open to the use of cryptocurrencies.
- Many major corporations and financial institutions have since started to accept cryptocurrencies like Bitcoin as a viable option for payment.
- In the future, we will focus on developing more mainstream cryptocurrency mining machines, and we are considering designing more mining chips compatible with multiple cryptocurrencies.
- We have deep relationships Bitmain, MicroBT, and Canaan which are all top global manufacturers in our industry."