CoinCorner Offers Contactless BTC Payments, how will this shape its

  • CoinCorner CEO announced a new offering, contactless BTC payments.

  • These are offline Lightning contactless cards powered by NFC, Bitcoin, Lightning, and LNURL. 

  • The CEO of MicroStrategy, sees Bitcoin as the future of money and predicted that it will go to the “millions”.

Bitcoin (BTC) is the largest cryptocurrency in terms of market capitalization and overall dominance, despite the recent decreases in value that the cryptocurrency has experienced.

There are numerous updates as well as developments that are pushing mainstream crypto adoption, where the BTC cryptocurrency is at the forefront. This could lead to an increase in the value of the token.

CoinCorner’s offering of contactless BTC payments as a catalyst for growth

CoinCorner’s Bolt Card is a contactless debit card that has no screen. The product marks the next step within the global adoption of Bitcoin due to the creation of circular economies that are powered by the Lightning Network.

Danny Scott, the CEO of CoinCorner, made an announcement on Twitter on May 18, 2022, regarding “The Bolt Card,” which will offer an offline Lightning contactless card powered by NFC, Bitcoin, Lightning, and LNURL. 

Scott called the card a real-world innovation, with real-world products that will help real-world people in their everyday lives. 

Additionally, Michael Saylor, the CEO of MicroStrategy, sees Bitcoin as the future of money and predicted that Bitcoin is “going into the millions” despite the recent cryptocurrency market sell-off. Saylor said: “We are in it for the long term.” 

The company is currently hodling 129,218 BTC.

Both of these developments could contribute to the growth of Bitcoin (BTC)’s value.

Should you buy Bitcoin (BTC)?

On May 20, 2022, Bitcoin (BTC) had a value of $30,324.65.

In order for us to see what kind of value point this is for the Bitcoin (BTC) cryptocurrency, we will be going over the token’s all-time high point of value, alongside its performance throughout the previous month.

When we take a look at the cryptocurrency’s all-time high point of value, Bitcoin (BTC) reached a value of $69,044.77 on November 10. 2021.

Going over the performance the token had throughout the previous month, Bitcoin (BTC) had its highest point of value on April 2, when it reached $47,003.43. Its lowest was on April 26, 2022, when it decreased in value to $38,084.54. This marked a  decrease in value of $8,918.89 or 19%. 

When we take all of this into consideration, Bitcoin (BTC) can reach a value of $32,000 by the end of May 2022.