Bitcoin News Mash-Up: Bill Gates Praises Bitcoin; Coinbase Expands its Territory; and More

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Bitcoin News Mash-Up

Following are the main Bitcoin news of the day

Bill Gates Praises Bitcoin for its Cheap Features
In his interview to Bloomberg TV, Microsoft founder and the world’s leading philanthropist Bill Gates presented his optimistic views on Bitcoin as a useful cryptocurrency. He answered questions related to the coin’s potential as a futuristic payment method. He praised Bitcoin for being able to provide people with a low-cost network of transactions. He however raised issues related to the coin’s use in money laundering and in funding terrorism. He believes the world can adopt this technology on a larger scale when it undoes its anonymity features. He said:

“The customers we’re talking about aren’t trying to be anonymous, they’re willing to be known, so bitcoin technology is key and you can add to it or you could build a similar technology where there’s enough attribution where people feel comfortable that this is nothing to do with terrorism or any type of money laundering.”

Coinbase Expands Business Territory to 5 More European Countries
Coinbase recently announced to expand its services to five other European countries: Ireland, Sweden, Denmark, Switzerland and Poland. The news comes weeks after the company’s announcement of expanding its territory to ten other European countries. Furthermore, Coinbase also increased daily trading limits to €2,000 from €500 for residents of France, Spain, Italy Netherlands, Belgium and Finland, in the wake of complaints once raised from some users in the European Union.

Spain Gets its First Working Bitcoin ATM
Famous Bitcoin Company Robocoin recently presented Spain with its first Bitcoin ATM, which is now installed in the lobby of Hotel Recoletos One Shot 04, Madrid. The ATM operates under the name of Bitcoin Spain. Shot One has further become the first hotel chain business to accept Bitcoin within Spanish territory.

To contact the reporter of the story: Yashu Gola at yashu@forexminute.com