Last week, I become one of the first customers to become USD verified at Cryptsy.com. It was a simple, straight-forward process, of scanning my ID and answering a few security related questions.
When I tell my friends and family about Goldcoin (GLD), or when Max Keiser tweets about his beloved Maxcoin (MAX), the first thing ordinary folks want to know is, “how can I buy these coins?” Until now, the explanation was lengthy and the process convoluted. This created a bottleneck and a barrier to entry for many newbie investors.
Today, for the first time, I was able to access the USD markets and see actual orders being added. According to Horus, a Cryptsy spokesperson and staff member, live trading will begin very soon in the new USD trading pairs. This means that when my mom wants to buy Goldcoin for example, she can open a single account and buy the currency – all under one roof.
Wall Street Coming
In December, Barry Silbert, founder and chief executive of SecondMarket, said that Wall Street was three to six months away from moving into Bitcoin in a big way.
He predicted that Wall Street was preparing to dive in and pour vast amounts of institutional and investor money into the digital currency.
Now, some of that Wall Street institutional and investor money can also flow into alternative cryptocurrencies like Dogecoin (DOGE), Litecoin (LTC), Feathercoin (FTC), and others.
What do you think will happen when the US dollar floodgates open? Will we witness another altcoin bubble? Log in below using your favorite social network and weigh in on the discussion.
