Cryptocurrency round-up: Leocoin reveals merchant interest and Neteller adds bitcoin option

Bitcoin price plummets, while Neteller opens up to bitcoin and 85% of businesses express doubts about cryptocurrency(IBTimes UK)

The price of bitcoin has crashed down below $250, falling $30 to reach as low as $236 before a slight recovery brought it back up to $245 at time of publication.

This has had a negative impact on several other major cryptocurrency markets, including litecoin, dogecoin and peercoin, which all fell between 4% and 6% over the last 24 hours.

Of the big players only darkcoin bucked the trend, surging by 7% to take its market cap to its highest level since August 2013.

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Leocoin reveals merchant interest


A new YouGov study has revealed that 85% of businesses surveyed are either "not very likely" or "not at all likely" to accept digital currencies like bitcoin in the future.

Leocoin will be officially traded from 2 April(Leocoin)

The study was commissioned by leocoin, a UK-based digital currency that will officially begin trading on 2 April.

"The industry needs to do much more to establish its credibility," said Dan Andersson, co-founder of leocoin. "This was borne out by the YouGov study which showed that whilst SMEs find transaction fees a concern when doing business abroad, 85% indicated they were unlikely to use a digital currency.

"Also it revealed that whilst awareness is very high at some 86%, only 2% already accept a digital currency."

Leocoin's primary aim is to gain wide-spread adoption through increased usability and accessibility for users unfamiliar with cryptocurrencies.


Neteller adds bitcoin option


BitPay has partnered with Neteller(Flickr)

A bitcoin option has appeared on the website of payments processor and gift card provider Neteller, signalling a reversal of policy by the firm towards cryptocurrency.

The option follows Neteller's integration with bitcoin payment service provider BitPay, however the news is yet to be officially announced.

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Neteller is most commonly associated with online gambling platforms, such as PokerStars. As a result, bitcoin deposits are not expected to be available in the US due to the legal restrictions on gambling.

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