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The Productization of Bitcoin Maximalism
NLW discusses the rise in bitcoin only businesses and “blockchain not crypto” in China vs. “digital assets not blockchain” in US financial firms.
Updated Sep 13, 2021, 11:50 a.m. Published Dec 17, 2019, 8:26 p.m.
More crypto businesses are transitioning to or choosing to focus exclusively on bitcoin only from the beginning, in some ways representing a productization of bitcoin maximalism.
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In China, however, the government is cracking down fiercly on resurgent crypto businesses that have taking President Xi’s positive comments about blockchain as an excuse to operate more openly.
Interestingly, the attitude of many US financial firms seems to be shifting from a version of “blockchain not crypto” to “digital assets not blockchain” as they begin to adapt to demand from customers.
- The UK’s oldest exchange plans to delist ethereum as many new businesses launch “bitcoin only.”
1/ We often get asked if we will support cryptocurrencies other than Bitcoin at https://t.co/UxEdK8OD4J (@RiverFinancial). As we explain in our knowledge base article here, we will not. Thread below for more thoughts:https://t.co/728Rsp0OvO
— Alexander Leishman 🇺🇸 (@Leishman) December 11, 2019
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