Building on the recent rush on the value of Bitcoin, we now add Ethereum to the mix with the announcement of Sotheby's to accept both Bitcoin and Ethereum.
This is yet a further example of the mainstream world meeting and embracing crypto.
No doubt the increased scrutiny and transparency on the owners of such assets through the increased Anti Money Laundering rules is providing comfort to large institutions to accept such payment.
Sotheby’s said on Tuesday it would accept bitcoin and ethereum as payment for Banksy’s iconic artwork “Love is in the Air”, a first for a physical art auction and the latest sign of growing mainstream acceptance of cryptocurrencies.
https://www.reuters.com/article/uk-crypto-currency-sotheby-s-idUKKBN2CL19W
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