Bitcoin cryptocurrency half bank half stock exchange half wire service the story behind the collapse of bitcoin exchange quadrigacx is making headlines in the crypto world but for those not familiar with cryptocurrency it can be confusing its like a stock exchange said adam goldman founder and president of bitbuy one of . In a first for a major us bank jpmorgan said on thursday it would launch a cryptocurrency tied to the us dollar the bank said the coin called the jpm coin is intended to make instantaneous . In case of withdrawal the bank debits an amount of usd from the crypto fundable client account converts such amount into btc at a current rate and transfers the bitcoins to the client wallet . There are several possible ways to convert bitcoin to cash and ultimately move it to a bank account sell bitcoin on a cryptocurrency exchange such as coinbase or kraken this is the easiest method if you want to sell bitcoin and withdraw the resulting cash directly to a bank account use a bitcoin atm. Bank of england to launch its own cryptocurrency bitcoin is under threat as englands central bank is planning to give it competition
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