Bitcoin.com to introduce Bitcoiners to decentralized finance: KBW 2022

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Bitcoin.com To Introduce Bitcoiners To Decentralized Finance: Kbw 2022

Cryptocurrency platform Bitcoin.com is looking to its by introducing Bitcoin (BTC) (BTC) to the world of (DeFi) (DeFi) and implementing new services such as a exchange (DEX) in its platform. 

Speaking with Cointelegraph’s Andrew Fenton at the Korea Blockchain Tech Week (KBW) 2022, Bitcoin.com’s head of financial services Corbin Fraser stated that the company is moving from only being associated with Bitcoin (BTC) Cash (BCH) to becoming a Decentralized Finance platform that caters to cryptocurrency users numerous chains. Fraser stated that:

“We’ve got several Bitcoin users and several these people want to do more with their cryptocurrency than just hold it. And they know there are opportunities in Decentralized Finance, but it’s a little bit complicated, a little bit scary.”

As a result of this, Fraser added that their team is focused on working to make the user easier and provide a more “” cryptocurrency wallet. Along with its DEX, the executive likewise highlighted their intends to release a debit card and run a  token sale.

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With the debit card, the firm is planning to users who top up and for their usage. By seeing what people are spending their fiat money on, Fraser believes that they have the chance to create interesting reward campaigns. He stated that:

“Let’s say gas is through the roof, we could potentially go after and say, okay, anytime you top up your fuel tank with some petrol, we can add an extra 2 percent kickback in our verse token.”

Fraser stated that this can be a way for their firm to assist users through their day-to-day challenges. He stated that it will be their way of saying, “sorry, sucks so much, but there’s a little taste of crypto.”

When asked about the demographics of Bitcoin.com’s community members, the executive mentioned that the majority of their users are Bitcoin users who are looking for Bitcoin (BTC) and its . On the other hand, with their company’s foray into Decentralized Finance, the firm can introduce those who found Bitcoin (BTC) into different routes like crypto stablecoins, Ether (ETH) and other opportunities within the ecosystem.

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At the same event, the CEO of  network firm Everyrealm, Janine Yorio, reported the KBW audience that while the film shows the Metaverse network in virtual reality, most developments in the virtual world at present are being built for the desktop.

Continue reading on Cointelegraph.com


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