There is new crypto startup in town which plans to capitalize on the falling value of the British Pound.
The strategy of the crypto startup is simply to enable businesses to accept Bitcoins and receive payments in pounds, and the timing of the startup could not be better as Bitcoin seem to have already broken its bearish trend while the pound has been losing value for much of the year.
According to Danny Scott CEO and Co-founder of CoinCorner, there are many reasons to accept bitcoin as a payment method one of these is it brings competitive advantage.
The value of the British pound can be described as dismal for most of the year, not far off from the value of the Euro and just slightly higher than a dollar.
Perhaps partly to blame for the lackluster performance of the GBP is due to the looming political uncertainty in the current political landscape where polls indicate that the ruling party might lose if elections were held today.
