Uphold has recently unveiled a new partnership with the payroll payment service Bitwage, which will allow its users to receive their wages in Ether from now on. CoinTelegraph talked to Jonathan Chester, Bitwage President, about this move.
Ether, the new, hot cryptocurrency which has taken the spotlight for entrepreneurs and speculators all over the world is in hot demand. Based on the Ethereum Blockchain, this cryptocurrency has a $1 billion market cap, and a company has already raised over $150 million in the space.
Many believe that Ethereum has the potential to bring about decentralized autonomous organizations (meaning organizations run by machines instead of humans). People who believe in this vision are collecting and holding onto Ether to be part of this potentially meteoric rise. Like Bitcoin did, Ether is beginning to bud
However, there is hardly an easy way to receive Ether. Major exchanges in the digital currency ecosystem are now just starting to allow for Ether trading. It requires a lot of effort on how to work a trading system (limit orders, market orders, etc) to use these systems.
Frank Schuil CEO, Co-Founder and Board Member of Safello , identifies the progress being made towards Ether availability within the crypto ecosystem: “ Shapeshift in particular has lowered the barrier significantly. And for users who are comfortable with trading platforms it’s great news that GDAX from Coinbase added Ether after Kraken . The next step of adoption will come when a platform like Blockchain.info, Circle or the wallet part of Coinbase’ business starts supporting Ether. Jaxx is taking that position now, but it’s a slower route to adoption. On the payment side we haven’t seen any action yet, but when a company like Bitpay adds support it would have an impact. The debate of course centres around whether Ether can/should be […]
