Despite the progress and the great success that investors receive, Bitcoin continues to raise some security concerns. Bank of America, Merrill Lynch, revealed that the validity of this cryptovalue must also be measured on two other parameters: liquidity and yield. For Francisco Blanch, chief analyst for business bank commodities, Bitcoin does not have these attributes, in spite of the enthusiasm that shows the market. The most problematic parameter of the three is that of security because there is no central control authority, so Bitcoin is vulnerable to potential hacker attacks, digital identity thefts, and various fraud. After tripling its value, Bitcoin has recorded large variations in pricing, totaling $ 2,500. And this represents an obstacle to full credibility because it shows a still unstable nature. The volatility node is closely related to the security aspect.
TENX, THE PAPER THAT CAN PROVIDE A "REAL" COIN
Bitcoin then has a liquidity problem for Francisco Blanch, ie availability on the market. Do not underestimate even the issue of returns, as you can not correlate with other currencies, precious metals and bonds. Bitcoin would gain credibility if it was officially recognized by the banks. An answer to the problems raised so far could give Tenx, the debit card that will pay in Bitcoin. The cryptovalue can thus be used in everyday life: startup, which is headquartered in Singapore, wants to solve the node of poor integration with everyday life. The card will be a Visa and it can be used as all debit cards with the difference that the charge will be charged in Bitcoin while the merchant will be paid with the local currency. Tenx will keep 2% of each transaction, but will not apply any further commissions. As reported by Wired, so far the startup has received ten thousand requests for the new card.