The founder of Bitstine and EnterCoin Shady Ayoub declared that “the current decline in the price of digital currencies is typical and we do not consider it a decline as much as we consider that the rise in the value of crypto currencies witnessed last December was exaggerated which makes its value today a more realistic one”.
Ayoub added that “the current decline in prices is ahead of a prospected rise in prices and will bring it to a greater value than it is now and the reason behind the current decline is weak demand for supply”
The founder of Bitstine and Entercoin added “At certain times of the year, demand is greater than supply”
Ayoub commented on the blocking of Facebook and Google of the promotion of digital currency; “These are important platforms for the display and marketing of digital currencies, but they remain limited in their impact, and these central institutions are now in the process of fighting the decentralized systems of digital currencies. Thus, it is expected that few difficult months will pass in the field of e-marketing as the crypto currencies rely primarily on online marketing”
He added that “the good news are that those interested in the world of Cryptocurrency and digital currencies have communities and private sites making the negative impact of the decisions of Google and Facebook relatively limited, Entercoin like others have been affected by these decisions, but was able to find suitable alternatives for it was launched to serve Palestine first and then the rest of the countries therefore it depends more on marketing on site rather than e-marketing, through local press, universities, meetings and events, which came in favor of the currency at this time.”
“Entercoin is the first Arab currency to serve the whole world with alternative financial services focused on providing financial services to both isolated and financially and economically marginalized communities by creating a real bridge connecting these communities to the world of the great Internet economy, especially the new revolutionary cryptocurrency field,” said Bitstine’s and Entercoin founder.
According to Ayoub’s opinion, the Palestinian street received the idea of digital currency with enthusiasm and there will be meetings and conferences in Palestinian cities and universities soon.