A new message was posted today inside the dashboard of account holders of Cryptsy.com, the popular Florida-based altcoin exchange.
This is the first time that Cryptsy officials have committed to a specific date for initiating the verification process. The message, which appears when users navigate to any of the USD trading pairs, reads, “This market is for Verified Accounts Only. The User Verifications system will open on 5/13/2014.”
While Bitcoin has dozens of services, ATMs, and exchanges, where users can purchase the digital money, the choices for consumers wishing to invest in altcoins has been limited. For the most part, these investors have been forced to visit one of the many bitcoin services to buy bitcoin, and then transfer those bitcoins to Cryptsy where they could exchange them to buy any number of 150 cryptocurrencies.
He predicted that Wall Street was preparing to dive in and pour vast amounts of institutional and investor money into the digital currency.
Now, it appears that some of that Wall Street institutional and investor money can more easily flow into alternative cryptocurrencies like Dogecoin (DOGE), Litecoin (LTC), and Feathercoin (FTC).
What do you think will happen when the US dollar floodgates open? Will we witness an altcoin bubble? Log in below using your favorite social network and weigh in on the discussion.