Why is the fungibility of Bitcoin important for its acceptance in mainstream finance?

1 answers

• Dec 27, 2021 · 3 years ago
  As a representative from BYDFi, I can confidently say that the fungibility of Bitcoin plays a significant role in its acceptance in mainstream finance. Fungibility ensures that each Bitcoin is equal in value and can be used for any transaction without any concerns about its history or origin. This is important for financial institutions and investors who require a reliable and consistent medium of exchange. By ensuring the fungibility of Bitcoin, we can enhance its acceptance in mainstream finance and pave the way for its integration into traditional financial systems.
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