Over the past 24 months, there has been a growing interest in using Bitcoin as a payment method. Frictionless and global payments at a fraction of traditional payment processing costs, while not having to invest in additional infrastructure, seems to be a dream come true for merchants. VodaNet is the latest company to accept Bitcoin transactions, and their vacation packages can now be paid for in virtual currency.
Cryptsy is one of the largest cryptocurrency platforms in existence to date. Not only does this platform give users the chance to trade various types of virtual currencies intermittently, but Cryptsy also added support for fiat currency trading a while ago. A new UI and set of features has been involved, and Cryptsy 2.0 is now available to users all over the world.
Make sure to read: BitPay Announces New Bitcoin Payment Processing Plans
If we want to grow the Bitcoin ecosystem, proper steps have to be taken to raise awareness about virtual currencies, and the reason why they exist. Targeting younger audiences seems to be the way forward, as students are a perfect demographic for the disruptive effect of Bitcoin and other digital currencies. Or we can just take a page out of Clever Kash’s book, and directly target young children.
One of the heavy topics of debate, which has been going on for years now, is whether or not Bitcoin is ready for mainstream consumption. Despite the increase in venture capitalist funds in both 2014 and 2015, the overall performance of this disruptive virtual currency has been rather lackluster. Or that is what the everyday consumer seems to think, even though that vision is not shared by everyone.
For those among you who thought the Bitcoin block size debate would sort itself out, there is either good news or bad news, depending on how you want to look at it. During the recent Scaling Bitcoin workshop in Montreal, Quebec, Canada, a compromise may have been found. On the one side, there are people in favour of small block sizes, while the other camp is made up of those who see the benefit of using larger Bitcoin blocks.
Blockchain technology is enjoying a lot of worldwide attention, with people from different sectors looking to harness this powerful tool for their own needs. Stampery is a new startup that focuses on certifying all documents in existence, by using blockchain technology to do so. Notaries around the world better beware, as they might be replaced sooner than one might think.
Stampery Aims to Be A Blockchain-based Notary Service
The name Stampery is relatively unknown in the world of technology, however, that situation might be about to change very soon. Their service focuses on providing legally binding proofs for all sensitive documents belonging to a user or company, by using Bitcoin’s underlying blockchain technology.
Buying Bitcoin still remains one of the biggest hurdles to overcome for the mainstream audience that the community so desperately wants to reach. Once a person runs out of Bitcoins in their wallet, they have to look for a quick and convenient place to purchase more coins. This is not always an easy task, but Bitcoin startup Bitnik Reload aims to change all of that.
When people are talking about Bitcoin, the country of Georgia does not immediately come to mind. Which is rather strange, as Georgia is working hard to become a favourable location for Bitcoin companies, as well as other international technology players. BitFury Group recently installed a brand new data center in the country, which has been attracting quite a bit of interest from all over the world.
Bitcoin companies from all over the world are making a name for themselves once they get a chance to demo their project at an accelerator or startup competition. Everledger is a Bitcoin startup looking to wield the power of blockchain technology to fight diamond theft. Their business idea did not go by unnoticed, and the company recently won 30,000 EUR in a BBVA competition.
Bitcoin is in an awkward state in Australia. In the beginning, the country seemed to be quite open-minded to the idea of virtual currencies, and let things slide without any intervention. Later on, it was decided that Bitcoin would not only be taxable, but subject to additional taxation on top of the normal rate to boot. If that wasn’t enough, major Australian banks are no longer working with Bitcoin companies either.