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
Bringing the concept of virtual currency and digital assets to everyday consumers is not as easy as it sounds. On paper, all it would take is a targeted marketing campaign and maybe one or two boxes or flyers. But with Bitcoin and digital assets, the story is quite different, as consumers and merchants like to see the technology in action. ShapeShift.io released their Skeleton Exchange Tool, which aims to display the power of virtual currencies and digital assets.
Make sure to read: Bitnik Reload Offers Anonymous Global Bitcoin Refill Service
Traditional financial institutions from all over the world are slowly realizing they need to either innovate or perish. The system of banks, as we all know it, is coming to an end sooner rather than later unless there is a new form of technology to prevent that. Bitcoin’s blockchain is being eyed by many financial institutions around the world, but that doesn’t mean they will integrate Bitcoin anytime soon.
Arjan van Os Dislikes Bitcoin With A Passion
Most of ABN Amro’s development revolving around blockchain technology is taking place over at their Innovation Center, which is led by Arjan van Os. Blockchain technology is incredibly interesting and valuable to financial institutions, and ABN Amro is just one of the world’s major banks to experiment with this type of innovation.
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.
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.
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 a powerful tool to improve the microtransactions ecosystem. Sending small amounts of funds, either for in-game purchases, tipping or gaining access to premium content, can be quite a hassle when relying on traditional payment methods. While it may be very convenient for the consumer to pay with PayPal or credit card, there are still large fees attached to these transactions.
SatoshiPay – Uniting Bitcoin and Micropayments
To be more precise, SatoshiPay is a company that enables content creators and merchants to accept nanotransactions, as well as microtransactions. Even if the product or service costs less than a cent, SatoshiPay will be able to process the payment, as Bitcoin is a currency divisible up to 8 digits after the decimal, whereas fiat currency can only go as far as two digits.