This week in Bitcoin – Nov 18th, 2019

Hi, I’m Nate Martin from and here’s what happened this week in Bitcoin. Payments app, Fold now allows users to book
AirBNB accommodations using Bitcoin and Lightning payments. Users will also receive 3% back
in Bitcoin for their bookings, as well as for purchases from Fold’s other
partners, including some big-name retailers like Amazon, Starbucks and Uber. BitGo, the crypto wallet and custodian,
said that 20% of Bitcoin transactions pass through its services. While this raises centralization concerns,
the company countered by saying users can opt to retain their private keys. In a recent report,
the US Federal Reserve addressed stablecoins, saying that while they can create
better payment systems for consumers, the possibility of a stablecoin
rapidly gaining global scale threatens central bank control over money. Meanwhile, the largest and best-known stablecoin, Tether, is planning to introduce a new stablecoin pegged by the price of gold. The coin will be fully backed by gold reserves and should be available before the end of this year. And finally, a collaboration between anonymous users, the so-called “Unknown Fund” is raising $75 million to promote development of projects which would enhance Bitcoin privacy. That’s what happened this week in Bitcoin.
See you next week.

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