A new start-up is trying to capitalize on the falling pound by offering businesses the ability to accept bitcoin and receive the payment in pounds.
“Now is the right time for businesses to get on board with Bitcoin and to take advantage of what has become a $154 billion crypto market,” says Danny Scott, CEO and Co-Founder of CoinCorner, before adding:
“There are many reasons to accept it as a payment method, with the most important being that it brings competitive advantage.
Whatever the industry, customers look to use companies that are digitally relevant and make online shopping as easy as possible; offering a variety of payment options, including Bitcoin, goes a long way in appealing to new and existing markets.”
That’s while the pound has been down and down for much of the year, not far off from euro parity now and barely worth more than a dollar.
The pound fell as low as $1.25, but it bounced off resistance perhaps because of a new poll that has turned all heads.
Yellow is in a lead for the first time in a decade when the first televised debate let to a brief Cleggmania as they call it.
Commentators are now saying this may be brief too, but there’s a significant difference. People are not supporting Libdems because they like Vince Cable as they may have done for Nick Clegg. They’re instead supporting the clear message of liberalism.
“This is definitive proof that Lib Dems are back in the game. Our campaign to stop Brexit and fix Britain is resonating with millions of voters who have been let down by the two main parties,” Lib Dem MP Ed Davey, who is running to be the party’s new leader, said.
Nigel Farage of the nationalist Brexit party was angry, crying it’s all unfair because people had to click “other” first. Yougov said experience shows that gives the most accurate results for a small party before it is established.
Yougov’s research director Anthony Wells said YouGov and other polling companies overstated support for the Brexit Party before the European elections.
In other words, don’t believe any poll, but there’s something else that shows significant momentum behind Libdems.
Will Britain Go Yellow?
Some 11,000 people have joined Libdems this May. That’s a more than 10% increase over their last known membership numbers of about 100,000 members as of August 2018.
Libdems have seen “600 new signups by lunchtime today,” they said on Friday with this rising as the party of the politically homeless.
More than 16 million people voted to remain European. Leave won by a tiny margin, but this is what Farage is parenthesized as saying before the Brexit referendum according to the BBC:
“There could be unstoppable demand for a re-run of the EU referendum if Remain wins by a narrow margin on 23 June, UKIP leader Nigel Farage has said.”
Seeing the inability of parliament to agree on anything and seeing that the choice facing Britain may actually be no-deal exit or proud European, many are clearly finding Libdems as very appealing.
Can They Win?
In parallel with the conservative leadership elections, libdems are having their own leadership election. Whoever is chosen may well be the next prime minister.
That sounds like fantasy land to many, but Farage has been playing conservatives and labour like a fiddle. When it comes to Libdems, he is probably terrified of yellow.
They have as clear a message as he does, not just on Europe but on a raft of other issues. While conservatives, for many, have had their run, but labour is no better as they have let many down by not providing proper opposition to the hostile environment, on Europe of course, by playing identity politics, and on and on.
Libdems provide both conservative and labour supporters what they want. They’re pro-business, pro free market, but with compassion, helping the poor etc. They’re socially liberal. Humans first.
They’re the only party that stood up against the Iraq war and their approach is generally principled, with the principle being that of liberalism.
When they gained power for the first time in decades in 2010, they did such a good job the public was impressed. They credited Cameron with it all, however, giving conservatives a majority and decimating Libdems.
What that decimation has done we’ve all seen, with the conservatives in power alone creating a complete mess. Thus the public may well think perhaps they should try Libdems in power alone.
So they certainly can win if there is a grand alliance for liberalism under the banner of yellow. Vince Cable may then well be a minister as he has stated he stepped down of leadership, but not politics:
“I made a commitment three months ago publicly that I would be going by the summer and that I would still be active in political life, so it’s not that I’m just disappearing to Antarctica or somewhere,” Vince said.
No Deal or Europa?
Just what is going on with conservatives is not clear. Thus neither are the chances of whether UK might be dragged out of Europe without a deal this autumn.
Boris Johnson, who some may well have thought would be coronated as prime minister, finds himself with the prospects of a trial for misconduct in public office.
To the amazement of Americans and Australians, and even many Brits who suddenly found themselves very proud, you can go to prison for lying to the public as a politician? – everyone did ask.
The answer of the British judiciary was a clear yes, although of course there will now be a trial and so on.
The outcome of that trial is less relevant than the fact it will happen as one can’t imagine conservative party members shaming Britain on the world stage by having their Prime Minister on trial while there’s a constitutional crisis regarding relations with Europe.
So who will win the conservative leadership now is not very clear. What is clear, however, is that parliament will not change regardless of who wins. It will continue to be the same parliament that can’t agree on anything. Thus Britain obviously needs a new parliament for a new decade.
Yet seeing their third position in this poll, the new Prime Minister may well try to hold off a general election even if that means a no-deal exit.
Conceptually that’s quite unlikely because there would be no mandate. As a democracy, matters are resolved peacefully in Britain and in a legitimate manner. While the new PM technically would have legitimacy, practically he or she wouldn’t when it comes to such a constitutional matter.
Nor would parliament allow it. They might not agree on anything, but what they all seem to agree on is that UK can’t exit without a deal because they think that’s not quite what the British people voted for.
The chances of a no deal exit therefore appear to be slim, yet that seems to be the only leave option because of the border issue and because Farage wants a trade deal with India.
Ditch pretty much the world’s biggest economy and all those sophisticated French and Germans and those fashionable Italians for India. That appears to be his pitch.
An India that has kind of banned bitcoin and crypto exchanges through a banking blockade. While Macron and France in general are promoting bitcoin and this space. Germany is moving in that direction too. Yellow Estonia is of course a poster boy for this space.
Yet for some reason people still listen to Farage because he’s on TV all the time shouting down people, arrogantly talking over others, running off his sentences to sound all good while saying nothing, and pretending to talk on behalf of “little people” when he’s a very rich banker.
It is very difficult, moreover, to imagine Brits actually voting for him in a general election because he doesn’t even have a manifesto.
We’re a very new party, he claims, when UKIP has been running for a decade and his party is basically UKIP with a new name.
He doesn’t have a manifesto because he doesn’t want to tell the people what he stands for as he knows when they find out they probably won’t like much of it.
Just as many now probably don’t like very much Brexit as it has turned out to be quite different from what they were told by the banker.
Yet the case for a Great Europe hasn’t quite been argued because those arguments were made in the 70s and were won. Almost since then, Farage has kept arguing against it and in the very specific and temporary circumstance in 2016 he finally got his way very marginally.
Now, those arguments have to be made again and can be distilled into three words: Sovereignty in Unity.
Libdems are pretty much the only ones making those arguments and now are doing so loudly. So it may be even Scotland goes a different sort of yellow.
Jo Swinson, if she is elected as Libdem leader, may well become the first female Scotish born Prime Minister.
She may thus well unite not just UK and Europe, but also England and Scotland and fend off nationalism there too.
This would then send shockwaves across the world, with Europe and the rest following liberal Britain.
Or at least one can dream so, and that’s where much begins, a dream of a united people under the principles of liberalism pooling their resources to bring about the space age, rather than squandering them on hate and war.