Blackcoin on a Roller Coaster Ride, Upsurges 215% within a Week

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Blackcoin on a Roller Coaster Ride, Upsurges 215% within a Week
Blackcoin on a Roller Coaster Ride, Upsurges 215% within a Week

Blackcoin on a Roller Coaster Ride, Upsurges 215% within a Week

ForexMinute.com – Blackcoin might be the only one currency that seemed to be untouched from last week’s hysteria caused by the Chinese Central bank over the closure of Bitcoin exchanges’ bank accounts. The cryptocurrency not only remained stable throughout the thrilling episode, but also increased over 215% within a week – from $0.038 to $0.12.

The successful support comes from the two major announcements Blackcoin team made recently. In there was announcement, the team revealed their integration with the renowned payment system CoinKite.com. While the other announcement was much to do with Blackcoin’s inside project – the highly-anticipated Blackcoin card which will be available to ship from the first week of May.

The Blackcoin card will be an equivalent to a debit card which will store the holders’ valuable Blackcoins, without having any need of insubstantial paper wallets and complex private keys. “They simply encrypt and secure the Blackcoin Card wallet against unauthorized access for peace of mind and convenience that also protects Blackcoins in the event that the card is lost or stolen,” says one of the press releases issued by the Blackcoin team.

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These recent developments are some of the key factors that have played an active role in increasing Blackcoin’s market cap and value likewise. With its recent partnership with CoinKite, the altcoin is also looking forward to become an active trading asset. If this happens, then there would be no setbacks for Blackcoin as more and more merchants will take interests in adding them as one of the payment methods.

CoinKite is a reputable premier payment service provider and is likely to play a major role in expanding Blackcoins to new horizons. “With CoinKite,” says the recent press release by the coin’s team, “Blackcoin can be managed, purchased, sold, stored, and accepted online and in the physical world, just as happens with online banking currencies and conventional debit cards.”

We will keep you updated with the ongoing trends of Blackcoins.

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