Bitcoin payments are slowly gaining widespread acceptance, which can only be a good thing for digital currency adoption on a global scale. As more platforms make it easier for merchants to accept Bitcoin payments, we may very well have a product price war on our hands in the near future. PayStand is taking things one step further, by letting merchants accept Bitcoin payments on their iPhone, regardless of whether they are in-store or out in the field.
When the news broke about Rakuten accepting Bitcoin payments, a lot of speculators expected a massive price increase in the days to follow. As we have seen over the past six years, the Bitcoin price does not respond well to either positive or negative news, and it usually ends up “doing its own thing”. But the most recent rumored announcement regarding Rakuten might shake things up a bit.
The battle to become the world’s leading Bitcoin payment processor is heating up between BitPay and CoinBase. Most people seem to prefer BitPay over CoinBase for some reason, which is why we tried to look up some things about Coinbase that you may not know by now. Even though we don’t have a dog in the fight, we do want our readers to be as informed as possible on all things regarding Bitcoin.
Amsterdam is a great city in the Netherlands, and it has only become more interesting because if its Bitcoin Embassy. However, it looks like there is trouble brewing in this Bitcoin paradise, now that one of the founders has been suspended from the organization. And if this suspended founder has his way, Amsterdam may very well have two Bitcoin Embassies in the near future.
The Amsterdam Bitcoin Embassy was founded by several like-minded people, one of which is Marek Skonieczny. Unfortunately for the Bitcoin Embassy, Mr. Skonieczny has been causing quite a lot of havoc over the recent months, as the Amsterdam police even had to remove him from the premises twice earlier this month.
Bitcoin wallet security is a matter near and dear to all Bitcoin enthusiasts around the world. Software clients are not as safe as we think – simply because they run on a device connected to the internet, making it a target for hackers – and hardware solutions are slowly gaining more adoption because they “feel more secure”. But if you ordered a Mycelium Entropy device, your hardware Bitcoin wallet may not be as secure as you think.
By the look of things, we may very well be headed towards a Bitcoin-to-cash withdrawal system that operates on 0% fees in the future. Most people still use Bitcoin exchanges to convert their Bitcoin to fiat currency, which is always subject to a fee – usually between 0.25% and 1.5%. But is that really a good way to remain competitive, or should these fees be removed completely?
The Fee-less Bitcoin-To-Cash System
Over in Spain, several companies are trying to bring something new to the market, by offering a service that converts Bitcoin to cash at a low fee. Or to be more precise, it looks like we have a small “war of fees” on our hands, as two companies have lowered their withdrawal fees to 0% in the past month or so.
Coinkite is a company well-known among Bitcoin enthusiasts worldwide, as the company offers a perfect point-of-sale solution for any retailers who want to start accepting bitcoin payments. On top of that, their POS terminals can even print receipts for tax purposes. But did you know that Coinkite has a Bitcoin API which now works via the Tor network?
Tor – The Extra Layer of Privacy Protection
User anonymity and privacy protection means a great deal to a lot of the cryptocurrency enthusiasts out there. In fact, most of these people label themselves as “crypto anarchists”, who strongly feel that the current financial infrastructure should burn in hell and everyone associated with it should be fired on the spot.
The Bitcoin network is only as strong as the number of people supporting it. In order to relay Bitcoin transactions in a fast and convenient way, we need a ton of Bitcoin nodes which can relay and broadcast these transactions. However, there is no real incentive to run one of these nodes except for supporting the Bitcoin network itself. Bitseed is looking to change that, in a way.
Coin Outlet is slowly becoming a major household name in the world of Bitcoin ATM’s. Not only because of their partnership with Bitcoin Shop, Inc., but also because they have access to so many prime locations for hosting a Bitcoin ATM. Business appears to be booming, as Bitcoin Shop, Inc. increasingly acquired more equity ownership in Coin Outlet.
Bitcoin Shop, Inc – A Brief Introduction
As most of you will be well aware of, BTCS wants to build a universal digital currency platform by offering [novice] users one point of access to the cryptocurrency ecosystem. As things stand right now, BTCS lets consumers purchase products in exchange for digital currencies such as Bitcoin, Litecoin, and Dogecoin.
Banking relationships for UK-based Bitcoin companies are still a massive struggle, to say the least. It should come as no surprise then that most of these companies are looking to secure a banking relationship outside of the United Kingdom. Coinfloor, one of the various UK-based Bitcoin exchanges, has partnered with Estonian bank LHV to handle user deposits.
Coinfloor – Trade Bitcoins With Confidence
Coinfloor has one simple goal; bridging the gap between Bitcoin and the current financial infrastructure. In order to do so, the company provides its users with a safe and secure platform, which is fully regulated and compliant. As a result, traders and investors get access to a liquid and transparent Bitcoin market.
Bitcoin enables us to do many new and exciting things we could only have dreamed about many moons ago. Storing data in the cloud but in a transparent way for everyone to see? Coming soon. Sending payments to anyone in the world at low or no fees? Check. But what if you could get paid in Bitcoin for reading a book? Well, that service now exists as well, thanks to PaidBooks.
In an unexpected turn of events, popular payment processor and prepaid card provider Neteller has added a Bitcoin deposit option to their platform. Most of our readers will know the name Neteller, as it is one of the most widely accepted payment methods for online gambling. Even though Bitcoin and online gambling go hand in hand these days, this is a major step forward for Bitcoin acceptance, in general.
Neteller – A Brief Overview
Neteller offers a wide variety of services, ranging from processing online payments through traditional means – such as credit cards, debit cards, local bank deposits and international wire transfers – to issuing their own Net+ Prepaid Mastercard and money transfer service.
Texas will be hosting a major Bitcoin Conference in a few days from now, which runs from March 27th until March 29th in Austin. This event is presented by the Taxes Bitcoin Association, and the goal is – as with any Bitcoin conference – to showcase that Bitcoin is about much more than just the monetary aspect.
One of the things a lot of people tend to forget is that Bitcoin united a lot of people from all kinds of countries, backgrounds and interests. The Moody Theater in Austin, Texas will be a great venue for the upcoming Texas Bitcoin Conference, and will make many people feel at home where they can talk to tons of like-minded people.
A few weeks ago, I had the honor and privilege of attending Inside Bitcoins Berlin, thanks to our friends over at MecklerMedia. It was the first time I ever visited Berlin, so I was very excited about the event itself. After booking our flight and hotel [neither of which were paid directly in Bitcoin, unfortunately], we were all set to attend another amazing Bitcoin conference.
The Bitcoin exchange market is heating up all across Europe, as several exchanges are trying to gain a foothold in this very competitive market. Ever since the Bitstamp incident in January of this year, there has been a clear need for more Bitcoin exchanges in Europe. Anycoin Direct is looking to conquer the Eastern European market.
Anycoin Direct – Rapid Expansion
Even though, the Anycoin Direct Bitcoin exchange has not been in operation for that long – compared to several other European Bitcoin exchanges – the company has made big strides up until this point. In September of 2014, Anycoin Direct unveiled some of their expansions plans for Europe when their service became available to all SEPA-supported countries.
When it comes to monetizing your content creation skills, there are several ways to go about doing so. Not all of these methods are very popular with your readers though. No one likes to see ads [so they install an ad blocker], people will hardly pay for content without sampling it first [paywalls work, but they have a negative image] and it becomes increasingly harder to get the money you rightfully deserve; BitWall is looking to solve all of those problems by offering a micropayments solution for digital publishers.
Swedish bitcoin exchange Safello has started rolling out their Safello Wallet feature. The main reason for creating their own Bitcoin wallet service as an exchange is because the traditional Bitcoin wallet is not that user-friendly. Safello prides themselves on offering an easy-to-use and secure environment to Bitcoin users, and their Safello Wallet feature brings that goal one step closer.
Safello Wallet – Lots of Potential
Instead of having to keep track of everybody’s Bitcoin addresses, the Safello Wallet lightens the workload for you. If you are a Safello user, and so is/are your friend(s), you can send them Bitcoin funds by looking up their username. Granted, this does require all parties to use the Safello Bitcoin exchange, but it makes it far easier when your inner circle uses the same service as you do.
Bitcoin is a wonderful digital payment method, as it lets anyone in the world send money to anyone else, at little to no transaction cost. Furthermore, when we are talking about micro-transactions, Bitcoin solves a lot of the issues traditional payment methods bring to the table. But let’s not forget that we can also spread the word about Bitcoin by donating to charities.
The Water Project – World Water Day
One of the very first charitable organizations to openly accept donations in Bitcoin and other digital currencies was The Water Project. The initiative itself is pretty straightforward, as money is being raised in order to build water projects in Kenya. As you are probably aware, African countries are struggling with providing enough drinkable water to sustain all of the continent’s inhabitants.
Bitcoin is a global digital currency which empowers its users to do virtually anything they can think of. Sending money to anyone else in the world at low fees? Check. Paying online bills without using your bank account in certain countries? Check. Giving the power that be back to the people? Check. Funding separatist actions in Ukraine? Apparently so.
Ukraine Government To “Block” Various Payment Methods, Including Bitcoin
Valentyn Nalyvaychenko, head of Ukraine’s Security Service (SBU), had not made any friends earlier today when he mentioned that certain Bitcoin-related bank accounts will be closed. Or to be more precise, Mr. Nalyvaychenko feels that Bitcoin is being used to fund actions executed by Ukrainian separatists against the government and residents of Ukraine.
We all want the most fiat currency for our Bitcoin when we are forced to sell this beloved digital currency. However, it is not as easy as you might think to find the best price, especially not when you need some quick cash. But when a Bitcoin platform with 0 information about its team claims to offer you 10% on top of the current market price, something definitely smells fishy.