The cryptocurrency industry has reached a crucial milestone with the announcement of Yahoo Finance, one of the most visited news websites in the world in terms of monthly traffic. From now on, the exchange of three cryptocurrencies will be accessible to the users of the network, namely Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).
Yahoo Finance launches into the sale and purchase of cryptocurrencies
Yahoo Finance's statistics are available for many virtual currencies such as Bitcoin Cash (BCH), Ethereum Classic (ETC) and Eos (EOS), but the platform only supports the trading of three crypto- currencies.
Anthony Pomplioano , a great digital currency enthusiast and founder of Morgan Creek Digital highlighted the news site's efforts in a tweet of August 29th.
"You can now buy Bitcoin, Ethereum and Litecoin on Yahoo Finance. THE VIRUS SPREADS. "Although Bitcoin Cash and Ripple are ranked ahead of the Litecoin according to Coinmarketcap data, Yahoo Finance seemed to take a unilateral approach in choosing the LTC for its trading service. Cryptocurrency enthusiasts may be unhappy, but the tech giant is considering adding more virtual currencies to its aftermarket buying and selling platform.
https://twitter.com/APompliano/status/1034851467465646081
The adoption of digital currencies
The adoption of digital currencies is a giant step for the crypto-community. However, industry enthusiasts will be almost satisfied only when the industry is globally accepted.
Government influence in the adoption of virtual currencies is also important because it has a direct effect on market price fluctuations. Enchanted by such a situation, John McAfee emphasized the injustice of the condemnation of skeptical countries, proposing some relevant solutions in a statement:
" What can we do ? Take action. Write to your MP; it sounds silly, but while they're still in power, they take over their duties. Go to your bank and demand that they authorize cryptocurrency transactions. If they refuse, ask them to recommend a bank that will. Demand that credit card companies allow payments in digital currencies. "Nevertheless, with the problem of hyperinflation faced by countries like Venezuela, virtual currencies are likely to survive for a long time.
In addition, the new cryptocurrency trading feature appears to be available only in certain countries including the United States and Australia (probably others). French users do not have access at the time of writing this report.
What do you think of the integration of BTC, ETH and LTC trading on the Yahoo Finance platform? What other cryptocurrency would you like to see added to the sales and purchasing service? Tell us in the comments section below.
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