Bitcoin as 6th largest currency, buying Pizza with Bitcoin in France and a new fintech app to trade BTC
Buying Pizza with Bitcoin
Customers in France can now pay in Bitcoin when they order from Just Eat France. This is an online food ordering company and a part of the UK based Just Eat group.
The platform announced on its website that it will use Bitpay as its payment provider. There was no official announcement about the collaboration between Just Eat France and Bitpay.
Currently, Just Eat France caters to a large customer base that allows its users to request for food deliveries from more than 15,000 restaurants in France.
This move brings Bitcoin to the eyes of thousands of French people. As of press time, no other Just Eat branches, in countries other than France, have announced the Bitcoin payment option for its customers.
Unfortunately, BitPay does not support Bitcoin payments via Lightning.
Bitcoin is now the 6th largest world currency
The US dollar (USD) is currently by far the largest fiat currency by circulating supply. According to the US Federal Reserve, there is $1.95 trillion worth of Federal Reserve notes and coins in circulation.
But Bitcoin is making its way. According to Decrypt, the cryptocurrency is now the sixth largest currency of the world!
Behind the dollar, the top five is completed with the:
- Euro, 1.38 trillion euros
- Chinese yuan, $1.15 trillion
- Japanese yen, $1 trillion
- Indian rupee (INR), $425 billion.
And on the beautiful sixth spot we see Bitcoin with a market capitalisation of ~$185 billion. This amount is the circulating supply (~18,5 million) multiplied by the spotprice (~$10.000).
Buying bitcoin with new app backed by co-founder Twitter
Christopher Isaac “Biz” Stone, co-founder of Twitter and Medium, has invested in a fintech app that allows users to trade bitcoin.
The app, Mode Banking, claims to allow opening an account in less than 60 seconds and completing know-your-customer (KYC) requirements in less than two minutes.
The Mode app is accessible globally, except in the U.S, and users can buy bitcoin from £50 (~$65). The London-based firm charges a trading fee of 0.99% and also supports the U.K.’s faster payments scheme for instant GBP transfers, per the statement.
Once bought, the BTC will be stored with crypto custodian BitGo.
Source: The Block
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