Fintech Select, a financial technology firm based in Canada, has created a “physical bitcoin” product to pair with its “Selectcoin” cryptocurrency POS platform, the company said.
The physical bitcoins will be “embedded” with fractional amounts of regular — that is to say, digital —bitcoin, which will then be connected to a single digital wallet, according to the Fintech Select announcement last week.
These physical coins will “have a larger mass appeal to consumers who are now starting to hear more about this new asset class in the news,” a company statement read.
While bitcoin climbed to record highs in 2017, the (typically) digital currency started 2018 at a decline, the first time that has occurred since 2015 according to Bloomberg. However, the currency’s rise throughout 2017 prompted a wave of interest in crypto by mainstream finance, including experimentation with bitcoin ETFS, Ethereum Initial Coin Offerings, and bank-based digital currencies.
Bitcoin is currently up about 6%, hovering at about $13,980 as of 9am ET today.
Read more at Finextra, Finance Magnates, and Bloomberg.
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