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The The Fusion of Blockchain and Banking System.


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Given the financial links between the blockchain and the banking industry, it is clear that the cryptocurrency space is adopting banking industry characteristics that are common to the typical user's daily life.

It all started with the P2P transaction feature, which has experienced a lot of development and adoption, particularly on large platforms providing crypto services. This feature allows users to safely swap cryptocurrency for money.

Due to the cryptocurrency's constant growth, exchanges like Bitget are now raising the stakes by launching the Bitget Card, which will let users spend cryptocurrency using a card at ATMs and make purchases online, imagine the privacy you'll have in controlling how you spend your funds compared to the traditional way.

In my opinion, developments like this are a pointer that these exchanges are walking to becoming a part of our lives to make it much smarter and easier as we go about our daily living. How do you see this impacting an average user?

 

 

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1 hour ago, Megamind said:

Given the financial links between the blockchain and the banking industry, it is clear that the cryptocurrency space is adopting banking industry characteristics that are common to the typical user's daily life.

It all started with the P2P transaction feature, which has experienced a lot of development and adoption, particularly on large platforms providing crypto services. This feature allows users to safely swap cryptocurrency for money.

Due to the cryptocurrency's constant growth, exchanges like Bitget are now raising the stakes by launching the Bitget Card, which will let users spend cryptocurrency using a card at ATMs and make purchases online, imagine the privacy you'll have in controlling how you spend your funds compared to the traditional way.

In my opinion, developments like this are a pointer that these exchanges are walking to becoming a part of our lives to make it much smarter and easier as we go about our daily living. How do you see this impacting an average user?

 

 

I think it's a good step & can't wait when ordinary users can start utilizing the card. 

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6 hours ago, Megamind said:

Given the financial links between the blockchain and the banking industry, it is clear that the cryptocurrency space is adopting banking industry characteristics that are common to the typical user's daily life.

It all started with the P2P transaction feature, which has experienced a lot of development and adoption, particularly on large platforms providing crypto services. This feature allows users to safely swap cryptocurrency for money.

Due to the cryptocurrency's constant growth, exchanges like Bitget are now raising the stakes by launching the Bitget Card, which will let users spend cryptocurrency using a card at ATMs and make purchases online, imagine the privacy you'll have in controlling how you spend your funds compared to the traditional way.

In my opinion, developments like this are a pointer that these exchanges are walking to becoming a part of our lives to make it much smarter and easier as we go about our daily living. How do you see this impacting an average user?

 

 

The cryptocurrency industry is evolving like speed of light and the traditional financial institution might lost their relevance over time with varying degrees of innovation coming out from top CEX like Bitget. This is fantastic.

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  • 3 weeks later...
On 02/01/2024 at 20:20, gandalf03 said:

I think it's a good step & can't wait when ordinary users can start utilizing the card. 

Bitget card is obviously one step forward to implement crypto in real life usage. Let's see how they handle the whole thing including privacy.

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On 03/01/2024 at 01:39, Wakanda said:

The cryptocurrency industry is evolving like speed of light and the traditional financial institution might lost their relevance over time with varying degrees of innovation coming out from top CEX like Bitget. This is fantastic.

Mass adoption is imminent. Ithink it's not coming this soon, but in my opinion,this Bitget card & relatively some of their products are trying to portray the good side of Crypto to the normal people who aren't aware of crypto.

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Hmm! I like it when I see innovation in the crypto space just like when major exchange began to integrate non-custdial wallet. And now, the use of card and p2p spot on the exchange opens up a wide range of access to crypto users. I just hope they continue building and expanding their ecosystem though.

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On 21/01/2024 at 21:36, BashJasper said:

Hmm! I like it when I see innovation in the crypto space just like when major exchange began to integrate non-custdial wallet. And now, the use of card and p2p spot on the exchange opens up a wide range of access to crypto users. I just hope they continue building and expanding their ecosystem though.

But unfortunately it's not supported in every region... Maybe because of local regulations...

Screenshot_2024-01-22-13-53-08-806_com.android.chrome.jpg

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