Although the cryptocurrency market is experiencing a downturn, Bitcoin wallet Blockchain has been adding 50,000 users every day. It appears that the company aims to conquer the retail crypto market.
Peter Smith, the Cofounder, and CEO of Blockchain posted a tweet wherein he seemed to take a dig at Coinbase. Incidentally, Brian Armstrong, the CEO of Coinbase, had previously stated that his company was adding fifty-thousand new users on a daily basis when Bitcoin was at its peak last year.
Smith had mentioned in his tweet that Blockchain, his company, has succeeded in signing the same number of fresh users daily. Some observers felt that his statement was intended towards taking a shot at Coinbase for reportedly assisting people to enter the crypto space for speculative purposes rather than for practical purposes, unlike his company.
In other words, Smith could be suggesting that the investment and trading heavy model of Coinbase is not of much help as far as the long-term adoption of digital currency is concerned.
Blockchain Has Big Ambitions
Blockchain, the Bitcoin wallet company describes itself as the “most trusted crypto company”. It is reportedly not averse to the idea of participating in its self-promotion activities on many occasions.
While Smith’s statement is not easy to verify, it is in complete sync with the aggressive growth mindset of the company that recently saw it enjoying the landmark of twenty-five million wallets.
Blockchain provides its users the capability to store, trade, receive and send their cryptocurrency. Its actions put it in the same competition bracket as Coinbase. As of now, the company seems to be holding a stable position after successfully closing a Series B funding round worth 40 million USD in 2017, which was led by Google.
The Bitcoin wallet company was listed among the top 10 most disruptive businesses by Virgin UK, according to CCN. It aims to have a strong foothold over the investment market as well as the retail cryptocurrency market.
The post Bitcoin Wallet Blockchain Adding 50K Users Daily appeared first on OWLT Market.
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