Thanks to the Nxt community, who are also a proud sponsor of this fine website, I have receive an update on how things are faring on their side of the Crypto world. There are some interesting things in here which I wasn’t even aware of until now!
Nxt is the crypto currency sponsor for PayExpo in London. Thanks to the community crowdfunding, over 650,000 NXT were raised to sponsor the multichannel payments event. Nxt had been presented on the main stage for the Future of Payments Summit, just after ZNAP and Fidor Bank’s presentations (at the start of the expo).
These events were staged in front of over 3000 payment/mobile/travel companies. Nxt showed the audience how their currency is not just technology used by a few, but a user-friendly currencies for the world.
Nxt integrated into GoCoin payment platform
Nxt’s speaker announced at the PayExpo conference that merchants will be able to integrate NXT via the GoCoin plugin. This will allow Nxt payment use integration with shopping carts such as: PrestaShop, Opencart, ZenCart and many more.
GoCoin means more “legitimacy and seriousness” for Nxt. This gives Nxt credibility in the payment processing aspect, especially with banks and other merchant outlets. Lots of website shopping carts will be now supported, so any website can easily accept NXT.
This ultimately solves the problem of NXT not being accepted for online purchases. With upcoming NxtHaus solving the fiat-crypto gateway, Nxt is very close to having the full spectrum of all the required functions for the generation 1 crypto usage.
GoCoin is not CoinBase, yet, but it is a quantum leap in NXT integration into online purchases. The second speaker announced Nxt payments via SMS system, so for example, people (in Africa) will be able to trade without using: fiat, credit cards or internet, just with their old mobile phones.
The SMS-mobile system is also establishing a wifi-type connection with ATMs. The first Nxt ATM machine will be probably installed at the Nxt Café, in London. TXT Coins Now formed a partnership with Nxt two weeks ago, utilizing Nxt as its dedicated and default crypto-currency. The progressive cryptocurrency is opening its first location to accept Nxt Coin in Shoreham UK, by the sea.
NXT Café will also be the first to host a Nxt ATM machine on the British Islands. The re-opening of a restaurant called “Wacky Diner” and transforming it into the Nxt Cafe, this monumental step was all in thanks to the crowdfunding platform on the Nxt Asset Exchange.
If London is too far away, there is a chance you will soon be able to purchase a Big-Mac, large fry and a coke from McDonalds using Nxt. This is due to Nxters voting for their own burger in the McDonald’s competition.
There are rumors about some new crypto projects accepting Nxt. One of them was rumored to buying out millions of NXT, this could possible be for an upcoming payment system. Another Fiat-Crypto Exchange – Coinomat – is also deciding about adding Nxt coin, it will depend on the amount of Coinomat shares sold via Nxt Asset Exchange.Just a few days ago Nxt was added to the Chinese exchange BTC38 and the NXT-CNY volume increased dramatically, causing NXT to double in price.
After Nxt developers finish testing the API-RPC bridge between Nxt and Bitcoin, several luxury exchanges may adopt Nxt, such as Mintpal and C-Cex. This in turn could see an obscene massive rise, some investors we spoke with expect it to surpass Litecoin’s market capitalization in the near future.
Other exchanges and platforms such as Huobi and Bitpay are still waiting for higher market-volume and continue to keep a close watch on adopting Nxt into their payment processors. Lastly, the worlds top market site Coinmarketcap.com is also planning to add the market-cap of the Nxt Asset Exchange very soon.
Beta testers are needed for Nxt decentralized Multigateway. In the next release of the Nxt client, there will be many new features for users such as: digital goods store (Decentralized free-marketplace), alias transfer, encrypted messaging and a support for PoW coins on top of Nxt.
The minimal transaction fee might be also lowered to 0,1 Nxt (= 0,8-1 cent), but in few months, after 1 NXT will cost 1 USD (estimations), this fee will be even smaller. Especially with the decentralized digital goods store (DGS). 1-minute blockchain confirmation times may lead to the revolutionary merchant platform, some Nxters are already preparing selling Amazon gift cards via DGS, others are thinking about selling the software and gaming licenses. It will be very simple P2P trade, finally without a centralized middleman.
New corporate designs are now also being used for Nxt Online Wallet. The MyNxt Online Wallet will become available on June 16th and will feature: on-blockchain and a client-side trust-less wallet, which is very similar to the leading Bitcoin online wallet, Blockchain.info.
Blockchain.info is perceived to be very secured and has boasted over 2 million wallets created in the beginning of 2014. Blockchain.info store all your information on their encrypted servers. MyNxt wallet will function in the same manner.
Nxt started as an anarchy towards Bitc
oin and the current monetary system, but just in the past few days, alliances were formed with semi-commercial companies. Many of them are selling their shares via Nxt Asset Exchange and they may also apply for a share from the remaining community funds.
For example Nxt Studios would like to create a short film. Cointropolis speakers were sent to the Payexpo in London and “TEAM” is developing many features, like the Multigateway. There are many other active groups, like a Mobile App Co. developing a communication apps or DORCS working on the role-playing game Lith. If you want to be hired by any Nxt company, you should come to the Job board.
Currently there are 123 Nxt Assets with 4,925 executed trades. The most trades belong to the NEM-NXT gateway and to the Nxt venture assets, like InstantDEX or Multigateway. Users can now also trade Qora and NHZ tokens via Nxt Assets, or some new coins, like the Most Interesting Coin.
Two green projects also joined Nxt AE, so NXT is now carbon-neutral and very environmentally friendly. As was mentioned, Coinomat or Nxt Café are selling its shares at the Nxt AE.
Nxt was presented only with the booth at the Bitcoin Conference in Amsterdam, but still, it was a nice show thanks to using Raspberri Pi – Solar for Nxt “mining-forging” without using external electricity.
Many Nxters that attended the Vienna conference, had a booth and a presented their speeches. Petr and Lee showed current and future features of Nxt and spoke about its crowdfunded development and decentralized community.
Nxters will also attend other events, like Bitcoin conferences in Bonn, Dublin, Las Vegas, Tel Aviv and many others. They are always looking for a help of the locals. Anyone is invited to the Nxt friendly community.
NXT donations are welcome to : 552685762256899261