A German cryptocurrency mining firm Northern Bitcoin has recently declared its exclusive tie-up with China-based Rawpool Group, which has an existing wallet and payment app called Bpal Wallet. Northern Bitcoin now wants to introduce Bpal Wallet app in the European market.
The agreement is a wonderful opportunity for Northern Bitcoin to spread mining opportunities to Norway, certainly based on lowered energy costs. Although the company is already listed in Munich and involved in the mining operation, still its new association with Rawpool will assist to setup crypto exchanges throughout Europe.
After the news got public, shares of Frankfurt-located cryptocurrency mining firm got a hike of 2.8 percent. As far as Rawpool’s contribution in Bitcoin mining is concerned, it will continue to influence its market position to offer the German firm access to low-cost mining hardware. Furthermore, both the groups will give their joint effort to develop future mining facilities in the North European region.
As far as Bpal Wallet’s promotion is concerned, Northern Bitcoin will help to launch the wallet in 28 countries of the European nation in a couple of months. On the other hand, Northern Bitcoin will reportedly make cryptocurrency-related agreements for the BCH and BTC-supporting wallet with the banks and financial institutions including stock exchanges. As a digital application for the storage of digital currencies, Bpal Wallet allows the receipt and dispatch of crypto funds, Business Insider noted.
“It is a great evidence of the impressive growth momentum that we, as the world’s leading sustainable Bitcoin mining company, have developed successfully in the shortest time possible,” Mathis Schultz, CEO of Northern Bitcoin said, as reported by Bitcoin.com.
In September this year, Rawpool marked a record for becoming BCH’s largest mining firm outshining other cryptocurrency mining companies like Antpool, BMG Pool and Coingeek. The CEO of Rawpool, David Li opined that his company has a target to test the larger blocks offered in the BCH blockchain and not the BTC blockchain.
The post Cryptocurrency Mining Firm Northern Bitcoin Collaborates With Rawpool To Work On Bpal Wallet appeared first on OWLT Market.
from OWLT Market https://ift.tt/2OjWqCP
via IFTTThttps://ift.tt/2OlCCL9
No comments:
Post a Comment