Bitcoin Shop, which had aimed to become the go-to destination for Bitcoin-based e-commerce, has now changed its focus to Bitcoin-mining and blockchain technology, and has also changed its name to FinTech). CEO Charles Allen said that the company has spent over a year studying blockhchain technology, and its now "clear that securing the blockchain will likely be the cash cow in the industry and the foundation of our company". The shift of focus from digital currency to blockchain technology in the BTCS (Bitcoin Technology Consumer Solutions world continues.
Bitcoin Shop, which had aimed to become the go-to destination for Bitcoin-based e-commerce, has now changed its focus to Bitcoin-mining and blockchain technology, and has also changed its name to BTCS (Bitcoin Technology Consumer Solutions). CEO Charles Allen said that the company has spent over a year studying blockhchain technology, and its now "clear that securing the blockchain will likely be the cash cow in the industry and the foundation of our company". The shift of focus from digital currency to blockchain technology in the FinTech world continues.