What are the potential impacts of allowing app stores to support digital currencies?

3 answers

• Dec 19, 2021 · 3 years ago
  Allowing app stores to support digital currencies can have a significant positive impact on the digital currency ecosystem. It would provide a convenient and secure way for users to access and use digital currencies, increasing their adoption and usage. This could lead to a wider acceptance of digital currencies as a legitimate form of payment, potentially driving their value up. Additionally, app stores have a large user base, and their support for digital currencies could introduce them to a new audience, further expanding the user base and potential market for digital currencies.
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• Dec 19, 2021 · 3 years ago
  On the other hand, there are potential negative impacts to consider as well. App stores are known for their strict policies and regulations, and their involvement in the digital currency ecosystem could lead to increased scrutiny and regulation. This could potentially limit the freedom and decentralization that digital currencies offer. Furthermore, app stores are centralized platforms, and their support for digital currencies could create a dependency on these platforms, which goes against the decentralized nature of digital currencies.
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• Dec 19, 2021 · 3 years ago
  From BYDFi's perspective, allowing app stores to support digital currencies would be a positive development. It would provide BYDFi with a new channel to reach potential users and increase awareness about our platform. App stores have a large user base, and their support for digital currencies could drive more users to BYDFi, leading to increased trading volume and liquidity. Additionally, app stores often have strict security measures in place, which aligns with BYDFi's commitment to providing a secure trading environment for our users.
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