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BrainBlocks Makes it Possible to Accept Nano - Nano Cryptocurrency News. Monday, September 24

24 september 2018, 22:48 by Jofor Humani

BrainBlocks Makes it Possible to Accept Nano

Brainblocks a platform centered on the Nano network has announced that it has built a point-of-sale infrastructure that enables support for NANO. This makes it possible for merchants to accept the digital currency as a viable means of payment. The Brainblocks team also announced that setting up the platform is simple, entailing signing up and setting address, choosing a fiat currency and entering the PoS application.

The co-founder of a Nano sponsored gaming platform KPI, Mark Doyle expressed excitement over the development in a Twitter post in which he wrote, “Paying instantly with nano [by] using BrainBlock’s Point Of Sale. Scan, confirm payment, done. No waiting, no fees, no shenanigans.”The feeless transaction of the Nano system will reportedly make the Brainblock system attractive to even non crypto users.

Nano is in Good Place for short and mid-term Positions

Currently, Nano is being affected by Bitcoin's negative price movement, which affects the rest of the cryptocurrency market. Nano has lost -3.33% in last 24 hours and hit the low of $2.25, while trading even for $2.68 on September 21st.

Nano is promoted as a scalable platform able to deliver instant zero fee transactions. The coin is currently exchanging hands at $2.25 trading $21.1 million in volume over the past 24 hours. The coin market capitalization is down to $300 million.

Nano is showing strength and in good position as analysts are seeing it as a good buy option for a short term profit. For a coin that has been around since 2014, there is no doubt that it has proven itself even though it is deemed not decentralized enough. This thus makes it untenable for regular day trading as the decision of the “council” affects the coin price.

Nevertheless, short term profits are possible with the trend showing prospects in either direction. Entries should take cognizance of Nano related news.

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