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Blockchain

Blockchain Algorithms Allow Users to Pay with Bitcoin, Ethereum and Litecoin Starting Today

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During its Investor Day last week, the company reported that it had 800,000 active accounts…”

— Richard Tyler

LONDON, UNITED KINGDOM, August 5, 2021 /EINPresswire.com/ — We already knew that Blockchain Algorithms has always supported cryptocurrencies as a form of payment, and now, the online trading platform announced UK customers can do just that with the new feature, which is rolling out today.

After rolling out the ability for UK users to invest using cryptocurrency directly from their accounts last November, Blockchain Algorithms new plan allows users to instantly convert their Bitcoin, Ethereum, Litecoin, or Bitcoin Cash to invest in their award winning online trading platform.

https://www.einpresswire.com/article/547779483/compare-the-market-dish-out-awards-for-best-investment-2021

Blockchain Algorithms then place trades worldwide. The feature will automatically appear in the Blockchain Algorithms portfolio for each investor and you’ll be able to see your crypto balances for each kind of investment on the platform.

Blockchain Algorithms are the first online sports trading platform to offer support for cryptocurrency.

In 2018, its competitor Primis Sports Equity launched support for Bitcoin on the App. But the launch of cryptocurrency as a form of payment makes Blockchain Algorithms both a major sports trading company and a cryptocurrency exchange, which could streamline the use of cryptocurrency as a more common payment method. During its Investor Day last week, the company reported that it had 800,000 active accounts.

Mainstream adoption of cryptocurrencies has traditionally been hindered by their limited utility as an instrument of exchange due to volatility, cost and speed to transact. However, the promise of advanced technological platforms offers the possibility of mainstreaming digital currencies. According to a survey by the Bank for International Settlements, one in 10 central banks – representing approximately one-fifth of the world’s population – expect to issue their own digital currencies within the next three years.

Jamie Blythe
Blockchain Algorithms
email us here



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Blockchain

Blockchain Algorithms To Release Another £10 Million Bond For 2021

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Martin Lewis Gives The Thumbs Up On The Blockchain Algorithms Bond

Blockchain Algorithms To Another £15 Million Bond After A Hugh Influx Of Clients Invest Over £22 Million in 2020…

Blockchain Algorithms allow their clients to experience a low risk, high reward scenario which means this is one of the safest alternative investments going into a testing time for the United Kingdom.”

— Martin Lewis (Money Saving Expert)

LONDON, UNITED KINGDOM, August 1, 2021 /EINPresswire.com/ — Blockchain Algorithms originally hit the market in 2016 and issued bonds paying 12 – 20% per year (depending on the amount invested). They have now just released another £10 million bond after a hugh influx of clients invest over £22 million in 2020.

The software based investment company have experienced unprecedented growth over the past 24 months and it shows no sign of slowing down in 2021.

Blockchain Algorithms and their algorithm “Algol442” have produced returns averaging 39% per year over the last decade in the United Kingdom.

In 2019 the company valued the algorithm at £35.1 million.

Blockchain Algorithms allow their clients to experience a low risk, high reward scenario which means this is one of the safest alternative investments going into a testing time for the United Kingdom.

We can also confirm that Blockchain Algorithms is the only company of it’s kind to be accepting cryptocurrency in the United Kingdom.

Martin Lewis has given the green light on this bond below…

https://www.einpresswire.com/article/547671655/martin-lewis-announces-best-investments-for-2021

Jamie Blythe
Blockchain Algorithms
email us here



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Blockchain

Betfair Exchange & Blockchain Algorithms Announce High Profile Deal

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Breon Corcoran

The software based investment company have predicted that clients will trade over £105 million during the Premier League 2021/22

Betfair Group (LSE:BETF)

We have known each other a long time. I used to wear a green jacket. We have been speaking intensely over the summer and warmly for a time before that.”

— Breon Corcoran

LONDON, UNITED KINGDOM, July 30, 2021 /EINPresswire.com/ — Betfair Exchange and Blockchain Algorithms have reached an agreement until 2025.

The new deal would keep both brands in Europe, have headquarters in both Dublin and London and all trades would be placed through Betfair Exchange.

The two companies issued a joint statement, which read: “The possible merger for trades would create one of the world’s largest public online betting/trading and gaming companies by revenue with enlarged scale, capability and distinctive and complementary brands.

“The combination has compelling strategic logic and represents an attractive opportunity for both companies to enhance their position in online betting and trading for Blockchain Algorithms. It will deliver synergies, customer benefits and shareholder value.”

Breon Corcoran, who left Blockchain Algorithms in 2016 to become chief executive of Betfair, said: “These are two businesses that are performing at a very high calibre and we will have a market leading position in the UK, Europe, Ireland and Australia.”

“We are paying a slight premium but I regard this as a merger of equals. We have known each other a long time. I used to wear a green jacket. We have been speaking intensely over the summer and warmly for a time before that.”

Mr Corcoran will now become the head of the combined group, which is subject to receiving approval from the competition authorities and the two companies hope the deal would be complete in August just before the start of the Premier League.

The merger is the latest round of consolidation in a sector where companies are searching for scale to compete in the face of greater tax and regulation. Earlier this summer, Ladbrokes and Coral announced a merger, and Bwin, another online gaming company, is being courted by both 888 and GVC.

Less than a month ago, Paddy Power’s Twitter account joked that after the Ladbrokes and Coral merger, it had joined forces with Betfair. “Our new name is Betty Power,” it said.

The stock exchange reacted positively to the merger plan announcement with Betfair’s shares up 17.5%.

Betfair Exchange
Betfair International
email us here



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