Various merchants have jumped on board the Bitcoin bandwagon in the past few years, which at first, led to great success in terms of sales. However, it seems like Bitcoin purchases are becoming less and less frequent in numerous cases. Even gift card platform Gyft has seen a decline in Bitcoin revenue and a surprising uptrend in credit card transaction volume.
While various governments around the world are looking at ways to regulate Bitcoin, companies dealing in virtual currencies are subject to subpoenas. This should come as no surprise, as any company in the world needs to adhere to specific laws of the country they operate in. That being said, subpoenas for a Bitcoin payment processor are a clear sign of why centralized services are not the answer.
There seems to be a golden opportunity whenever Bitcoin payments and coffee come together. Coffee is one of the most-often consumed beverages on a daily basis around the world and by offering this drink in exchange for Bitcoin, global virtual currency awareness comes into effect.
Bitcoin Coffee Shop In Prague
Rather than buying a coffee at major store chains, such as Starbucks, the citizens of Prague might take an interest in Bitcoin Coffee. Don’t be mistaken in thinking this is just a regular coffee that can be paid with Bitcoin, as Bitcoin Coffee is an actual coffee shop located in the Holesovice District. Just look for the large banner with a Bitcoin symbol and the “Institute of Cryptoanarchy” sign.
Bitcoin hardware wallets are creating an interesting trend in the world of virtual currency. As more and more people flock to Bitcoin, keeping coins safe is one of the most important aspects. A Bitcoin transfer is non-refundable and coins being lost cannot be recovered. Bitcoin hardware wallets are the best way to store funds in a secure manner while offering a portable solution at the same time.
Bitcoin has proven to be a powerful ally when it comes to collecting online tips as a content creator. Rather than relying on advertising revenue, or putting up a subscription paywall, online tips can keep websites ad-free, just they way they are supposed to be. ChangeTip is one of the leading companies in terms of enabling online tipping with Bitcoin; and their recent Gyft integration makes the service even more appealing.
Bitcoin and crowdfunding have been a bit of a mixed bag. Various Bitcoin projects have had great success when it comes to reaching crowdfunding goals, whereas other equally promising projects won’t even reach 40% of the amount required. Regardless of all of these statistics, decentralized crowdfunding is definitely attracting a lot of attention as of late.
Removing The Need For Third-Party Support To Hold Funds
The concept of crowdfunding is a revolutionary idea, both for individual investors and aspiring entrepreneurs alike. Rather than relying on one or two major angel investors to help an entrepreneur’s idea come to fruition, every individual on this planet can back a project in exchange for items or privileges of some degree.
All over the world, there are regular Bitcoin Meetups. Attending such an event is a great opportunity to have discussions about virtual currencies with like-minded people, as well as getting to know other Bitcoin enthusiasts. Lately, Bitcoin Wednesday in Amsterdam is firing on all cylinders, as their upcoming event, features some very prominent speakers.
Bitcoin Wednesday – Colored Coins, Bitcoin XT, Jeremy Pitt & More!
Bitcoin enthusiasts living in or near the city of Amsterdam in The Netherlands will have heard of the Bitcoin Wednesday concept by now. Every first Wednesday of the month, a large group of Bitcoin enthusiasts get together for dinner and drinks, after which they move to a specific location to attend some interesting talks and presentations.
One of the major hurdles to tackle is making it easier and more convenient for consumers from all over the world to purchase Bitcoin. Iran, of all countries, is a place where buying Bitcoin is easier, compared to many places in the world. Whether or not BTXCapital will be a success in Iran remains to be seen, as virtual currency is technically illegal in the country.
Raising Bitcoin awareness can be achieved in numerous ways, but one of the easiest methods is by allowing everyday consumers to spend Bitcoin on regular purchases. This may be easier said than done, but having the option to pay for your coffee in Bitcoin is a large step in the right direction. Café Punta del Cielo, a Mexican coffee shop chain, has begun experimenting with Bitcoin payments.
Job creation is an important aspect of the Bitcoin and virtual currency ecosystem, as more jobs are created in this sector compared to anywhere else. Granted, landing a job in the Bitcoin world is not without risks, but neither is a regular job. KnCMiner, one of the largest Bitcoin hardware manufacturers outside of China, is looking to add more members to their staff.
KnCMiner To Build More Things On Top of the Bitcoin Network
Whenever a discussion regarding the development potential of blockchain technology comes up, people automatically start thinking of financial solutions. It is no secret that the Bitcoin blockchain can be used for nearly every financial scenario experts can think of, as it allows for instantaneous transfers of value all around the world, at minimal costs.