RATE Group | Longtime cryptocurrency advocate launches another Bitcoin alternative
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Longtime cryptocurrency advocate launches another Bitcoin alternative

30 Jul Longtime cryptocurrency advocate launches another Bitcoin alternative

Posted at 01:27h in Cryptocurrency News by

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NISKAYUNA — A longtime advocate of cryptocurrency has launched one of his own.

Justin Capoccia said he and his partners on Wednesday got their GEM — Global Exchange Medium — accepted onto an alt-currency exchange on Wednesday.

No merchants accept GEM yet, and only a few hundred people hold coins, mostly through promotional giveaways. But being listed on an exchange, even a small one like LetsDoCoinz, is a key hurdle that gives it credibility as a cryptocurrency, he said.

“It’s a small exchange, but just to get accepted shows legitimacy on all ends,” said Capoccia, who first got interested in cryptocurrency in 2009. “If everything matches up and they think you’re safe and secure, they’ll put you on the exchange.”

He formerly mined Bitcoin, the biggest and best-known cryptocurrency, and still accepts it at his family’s vineyard in Niskayuna and wine bar in Schenectady.

But he gets very little call for it, he said, because Bitcoin is not  ideal for…

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