$1.6 Million in Cryptocurrency Gifts Exchanged During Chinese New Year

Cryptocurrency gifts totaling RMB 10 million ($1.6 million) were reportedly exchanged during the Chinese new year period. Not bad for a country whose government, according to many, harbors anti-Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term sentiment.

According to bitcoin Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term OKCoin, most gifts were sent through Tencent’s WeChat app, while half a million people used OKCoin’s OKLink account on WeChat.

OKCoin CEO Star Xu said the solid showing will help bring on board users new to cryptocurrency. "Bitcoin acts as a social financial network and the success of bitcoin relies on more and more users adopting bitcoin and not only using it as a trading commodity. That is our core belief," he said.

On the Chinese New Year's Eve, 4 billion yuan ($642 million) in fiat gifts were transferred via Alibaba's AliPay service. Not to be outdone, WeChat blocked links to AliPay in an effort to promote its own recently introduced money transfer service. It apparently worked--1.01 billion virtual red envelopes were sent through WeChat on New Year’s Eve alone, though Tencent did not disclose the total amount of fiat sent.

OKCoin also said that it plans on rolling out the English version of its OKLink service shortly.