Circle Urges User Caution As Bitcoin Hard Fork Looms
Payments startup Circle suggested in an email to users today that, in order to avoid the potential negative consequences of a hard fork on the network, they may want to to sell their bitcoins.
In an email late Monday, Circle – which dropped support for buying and selling bitcoin in December, but still offers wallet services – outlined its contingency plan ahead of a possible network split.
According to Circle's missive (which accompanied a lengthy update to the its user agreement), its bitcoin services could be disrupted "for an extended period of time" should a fork take place. Services interrupted would include the ability for users to convert holdings from bitcoin to another available currency on the platform.
Yet, Circle went on to advise users to move their bitcoins to other platforms – or consider selling them altogether.
The startup wrote:
"The only way to avoid the potential negative consequences of a bitcoin fork is to not hold bitcoin. Just go to Settings > Currency and convert your balance to dollars, pounds or euro (availability is based on where you live). You'll then be able to hold those funds with Circle or cash out instantly."Full Read Here:
https://thebitcoinnews.com/circle-urges-user-caution-as-bitcoin-hard-fork-looms/
