Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today, IDA Ireland launches an initiative to attract blockchain ventures to the country. Wells Fargo bans digital asset purchases with credit cards.
IDA Ireland, the government body that attracts foreign direct investment, is leading a program to bring blockchain innovation to the nation. The initiative has support from the country’s Department of Finance, Consensys and Enterprise Ireland. Consensys has opened an office in the country and will hire 60 people for an innovation lab.
Wells Fargo joins the list of banks that have banned customers from purchasing digital assets with credit cards. Lenders are increasingly concerned about the credit risk amid a volatile digital asset market.
The foundation continues its push into mainstream use with www.paywithlitecoin.co. The website provides businesses with information on the integration of litecoin into its payment systems.
The US based exchange has announced adding Ethereum Classic to its platform later in the year. Ethereum Classic rallied nearly 20% over the past 24 hours on the news.
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