Web services company Yahoo has taken us a step closer to widespread cryptocurrency adoption. Yahoo Finance, a financial info guide section on their website now supports trading of Bitcoin, Litecoin and Ethereum.
This means that the company is already building its own exchange, and could add support for other top cryptocurrencies. Right now, users can view different live coin prices against USD though there are no buy and sell options available.
Crypto market aggregator site, CryptoCompare is supporting the provision of crypto market data on Yahoo finance and has listed over 100 top cryptocurrency stats on the website.
Anthony Pompliano, Founder of Morgan Creek Digital, made a tweet following the development, saying that the cryptovirus is “spreading.”
You can now buy Bitcoin, Ethereum, and Litecoin on Yahoo Finance.
THE VIRUS IS SPREADING ?
— Pomp ? (@APompliano) August 29, 2018
Yahoo Chase Crypto
Cryptocurrencies are attracting everyone, and the traditional web services company does not want to miss out.
Sometime in March, the Japanese arm of Yahoo, Yahoo Japan mentioned that it will launch a cryptocurrency exchange in April 2019. It was reported then that the company will buy 40 percent of BitARG Exchange, and then appoint executives to lay the foundations for the exchange to launch a year later.
Adding trading options to the Yahoo Finance website gives evidence that there is more to come from the firm when it comes to crypto.
Yahoo has over 800 million users globally, and any move it makes toward virtual currencies only pushes us closer to global adoption.
Crypto enthusiasts still find it surprising that BCH and XRP which rank ahead of LTC were not included. However, it is still a welcome development as the move takes cryptocurrencies to greater heights.
Mainstream Adoption of Cryptocurrencies
The need for cryptocurrencies to be widely accepted globally is pertinent, as it will help place the crypto industry in the exact position crypto lovers would love it to be – a mainstream adoption.
Recent government policies in different countries like China are not helping matters. John McAfee, the founder of McAfee Associates, gave a synopsis on how to proffer solution to the problem of stiff government regulations on digital currencies.
According to McAfee, change will only come when crypto enthusiasts become proactive and take matters into their own hands.
“What can we do? Take action. Write your Congressman; it sounds silly [but] while they are still in power, make them work. Go into your bank and demand that they allow crypto transactions. If they say no, ask them to recommend a bank that will,” McAfee said in a video posted on Twitter.
The looming war on the horizon. pic.twitter.com/j86e2xEXP8
— John McAfee (@officialmcafee) May 28, 2018