Reddit Partners with FTX to Boost Crypto Payments
Categories: Crypto News
Reddit Partners withFTX to Boost Crypto Payments
Redditand FTX Join Hands
Digitalcurrencies have made their way into “speculative” and even “hedgefund” territories. Many have thought of bitcoin, for example, as ameans of beating inflation and preventing one’s portfolio from suffering due toexcessive money printing, a narrative that has seemingly been facing severalchallenges over the past year or so.
However,what many people seem to forget is that digital currencies wereinitially created to help people make payments and gain access to items theyneed. When they’ve been flushed out by standard institutions or banks, they canturn to crypto to buy the items they require to help themselvesand their families. Digital currencies were initially created to push checks,fiat currencies, and credit cards to the side, though this has come withseveral barricades due to the ongoing volatility these assets face.
FTX has been in the news a lot as oflate. Aside from the fact that it’s a relatively new digital currency exchangeand has become very big and very popular in virtually no time at all, thecompany has done quite a bit to make crypto much more accessibleand mainstream. For example, it’s one of the few digital currency platforms tospend money on television advertising.
NotAll the Decisions Have Worked
Recently,the firm made the rounds with a commercial featuring legendary quarterback TomBrady making fun of the crypto mining process. A previous one – which rubbedseveral viewers the wrong way – starred Larry David of “Curb YourEnthusiasm” fame and played during the Super Bowl.
In addition,Bankman-Fried has recently announced plans to donate a lot of money topolitical candidates in the upcoming midterm elections, though given many ofthe candidates he’s planning to support are liberals, this could come back tohaunt him as democrats don’t have the best track record when it comes to cryptocurrency.