European Bitcoin Company Relai Reports Record Volumes Despite ECB’s Bitcoin Warning

1 year ago

Despite a caller informing from European politicians connected the dangers of bitcoin, the Swiss-based bitcoin app has published grounds results this month.

Despite a caller informing from European politicians connected the dangers of bitcoin, the Swiss-based bitcoin app has published grounds results this month.

Relai, a Swiss institution that provides a non-custodial bitcoin wallet app, has reported that November 2022 was its champion period successful presumption of measurement and revenue. According to a property merchandise sent to Bitcoin Magazine, the app saw an summation of 60% compared to the erstwhile period of October 2022.

The institution besides reports that November 2022 was its champion period for some progressive users and caller users, saying that much radical downloaded the app successful November than successful September and October combined.

Simultaneously, the manager wide of marketplace infrastructure and payments astatine the European Central Bank and an advisor released an nonfiction connected November 30 titled “Bitcoin’s Last Stand,” that described Bitcoin arsenic connected the “road to irrelevance.” The insubstantial criticized the concern thesis of bitcoin, the technology’s value and its relevance arsenic a payments mechanism. This stance isn’t needfully caller arsenic the ECB has expressed its contempt for Bitcoin before.

In effect to this and the caller data, CEO and Co-Founder of Relai Julian Liniger said, “If Bitcoin is doomed to fail, wherefore is the ECB spending truthful overmuch effort attacking it implicit and over? To me, it seems that it boils down to either not knowing Bitcoin and mixing it up with ‘crypto,’ oregon that the ECB successful information understands and fears it. Looking astatine our numbers and the affirmative semipermanent sentiment successful the Bitcoin assemblage shows that the ECB is conscionable retired of interaction with what is happening successful the existent world. In fact, the ECB is connected the roadworthy to irrelevance and Bitcoin is conscionable getting started.”

A caller update covered successful Bitcoin Magazine means Relai present has enactment for 24/7 bitcoin purchases connected Visa, Mastercard and Apple Pay. With this, and further expected concern into the user-experience of the app, the institution continues connected its stated ngo of being Europe’s easiest and quickest mode of acquiring bitcoin. 

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