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Fintech startup SoFi will launch crypto operations through a partnership with Coinbase

This Business Adopted Bitcoin 4 Years Ago And Nobody Used It Yet. The crypto world is full of very interesting stories.

The story of a small business in the United Kingdom, Seymour Locksmiths, is interesting but somewhat tragic, though. This story was originally reported by The Next Web’s Hard Fork. Seymour Locksmiths decided to start accepting Bitcoin in 2014. This would not make a very interesting story, we know, but something interesting has happened, or better, not happened: nobody used Bitcoin to buy anything from the store since them. Yes, that’s right. In almost five years, nobody actually used the Bitcoin payment option. All Bitcoin enthusiasts will tell you that what Bitcoin really needs in order to take off is adoption. So they bug every single merchant in the world to accept the asset, but sometimes things simply do not happen as they should. This was what actually happened here. According to the company, there was a large “school of thought” that suggested that Bitcoin could be the real answer.

Also published on Medium.

Published inFintech

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