[2016-02-21]Xapo Announces Plans to Upgrade to Bitcoin Classic

[UNOE]

On February 21, 2016, popular bitcoin wallet platform and vault solutions provider Xapo CEO Wences Casares announced that the company is planning to upgrade to Bitcoin Classic, with a vision to help the Bitcoin network scale efficiently.

Xapo is planning to upgrade to Classic. We're committed to helping bitcoin scale and to supporting the initiatives that can take us there.

http://www.newsbtc.com/2016/02/21/xapo-announces-plans-to-upgrade-to-bitcoin-classic/

[indiemax]

Really.....  the Chinese think otherwise,don't they?

[Denker]

Yeah yeah.Whatever.
Useless upgrade I would say.But they are going to find that out soon enough.

[Carlton Banks]

"Upgrading"? To the self-styled "regressive" version? Eh?

[sanadas]

The Core team has agreed to increase the bock size by July. Will Xapo support the Core again in the future?

[Kakmakr]

Xapo already pissed off most faucet users and now they want to support a controversial option again. Implementations like this has a minority support at the moment and they just going to piss off some more people. It looks like merchants and exchanges with bigger expansion plans, wants to scale quickly and they think SegWit will not allow them to do that.

They see other implementations like the Lightning network as a threat to their business model and the fees they can charge onto their services. No wonder they supporting Bitcoin Classic, because it means more money in their pockets.