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Author Topic: 2013-04-22 OANDA: Why we added Bitcoin to the Currency Converter  (Read 1209 times)
n8rwJeTt8TrrLKPa55eU
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April 22, 2013, 05:36:07 PM
 #1

Nice news and article, but unfortunately the disclaimer:

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Despite the increased awareness around the cyber currency, OANDA has no plans at this time to introduce Bitcoin as a tradeable currency to OANDA’s fxTrade platform, or to accept Bitcoin as a method for funding fxTrade accounts. By adding Bitcoin to our Currency Converter, we are acknowledging – in a very real way – the wide-ranging interest Bitcoin has generated as a virtual payment system.

http://www.oanda.com/corp/forex-lab-notes/2013/apr/22/why-we-added-bitcoin-oanda-currency-converter-1920/
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April 22, 2013, 05:53:50 PM
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I'm sure they will change their tune eventually.  Tongue

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..., however, price stability and the ability of the underlying infrastructure to fend off such things as the dedicated denial of service attacks which helped extend the recent devaluing must be resolved.

Sound advise, which I hope is taken.  I understand that stability will only come when trade volume (on the USD/other fiat side) increases, but network infrastructure improvements can be addressed now.

The opposite of libertarian is authoritarian | Use PGP encryption: 0x48DD8AAB | Places Accepting Bitcoin on an OpenStreetMap
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April 23, 2013, 04:03:02 PM
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This is how bitcoin wins, by small increments - someone incorporating a calculator is a discovery waiting to happen for a novice trader. A website saying "We Take Bitcoins" prompts a curious shopper to investigate. It is the real use cases that excite me beyond the pure speculative appeal.

Take the whole foodler thing - ordering food with bitcoins in any urban area. Someone goes to that site and wonders "Oh, bitcoins.. what is that?" and while they place what might be their last order with dollars, they're reading about bitcoin and munching on their delivered food.

Truly exciting times.

fortitudinem multis - catenum regit omnia
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April 23, 2013, 04:16:09 PM
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we are acknowledging – in a very real way – the wide-ranging interest Bitcoin has generated as a virtual payment system.
Wich is like looking at an elephant and acknowledging that yes, there is an elephant: thank you captain obvious  Cheesy
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