Four bitcoin companies (BitPay, Coinbase, Circle and Xapo) should create a bitcoin association. So says Sonny Singh, Chief Commercial Officer at BitPay.

In a recent interview to The International Business Times Singh said, that bitcoin companies should promote their common agenda together.

“Have a Bitcoin Association. Like in America they used to have those commercials for milk: 'Milk does the body good.' That was a very powerful thing,” said Singh.

The common agenda for four competing companies is bitcoin, says Singh:

“Not marketing for their company, but marketing about Bitcoin: 'Why a normal person would use bitcoin, how it can be used. Getting the word out there - working together. You've got all this money people have raised. Let's try to promote the community.”

The representatives of Xapo, Coinbase and Circle did not react to Singh’s proposal yet. CoinFox is following the topic.

The Singh’s proposal is not the first call for joining forces in bitcoin world.

The Chamber of Digital Commerce was founded in 2014 to protect the interests of the bitcoin community on the Capitol Hill. The range of Chamber’s members includes bitcoin exchanges, wallet providers, software companies, payment processors, miners, different financial institutions and investors. This week it announced a partnership with Gide, a consulting firm, to improve the state level legislation and regulatory agenda.

This March, Thompson Hine law firm, Wedbush Securities investment bank, TeraExchange bitcoin swap trader, and Digital Currency Labs have formed the Wall Street Bitcoin Alliance with the aim of the alliance being digital currency promotion.





Roman Korizky