- Bitcoin and other cryptocurrencies are expected to grow further amid numerous indications of an impending global economic recession
- Xalles Holdings recently entered a revenue sharing relationship with automated cryptocurrency trading engine ATN Trading
- Customers can link their Binance or Coinbase accounts to the engine to trade several currencies and will pay a fee only when profit is made
Many proponents of cryptocurrency are viewing signs of a possible economic recession as the potential foot in the door for a decentralized financial system, such as bitcoin, to take root. The Chinese yuan is plummeting as the U.S. fuels trade war. The European Central Bank is taking desperate measures to support the EU’s struggling economy. All of these aspects and more have given a large number of institutional financial commentators cause for concern over the state of the global economy, as press reports suggest (http://ccw.fm/4Gwyx).
Additionally, finance experts have concerns over the future of fiat money, which is increasingly vulnerable to centralized control. A clear sign of the changing times is that more and more large banks are working on their own cryptocurrency strategies. Another is that the U.S. Federal Reserve is cutting interest rates, and…
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