Getting the word out about a new Bitcoin or virtual currency service, platform or company, is not an easy task. In mainstream media, companies send out a press release to a PR service, which will then spread it further to channels such as Reuters, Yahoo Finance etc. For Bitcoin, however, things are a bit different. Luckily for all parties involved, there is a service such as Bitcoin PR Buzz.
Bitcoin is on a slow march to become a more globally used virtual currency and the latest area of the globe where an impact is being made is Morocco. According to an E-Coin representative, 15% of the website traffic for this Bitcoin debit card provider is coming from Morocco and quite a few people are signing up for their debit card service.
E-Coin Becomes a Household Name in Morocco
When it comes to the country of Morocco, very little media attention is going out to the local financial infrastructure right now. Similar to most countries in that part of the world, most Moroccans have little to no access to a financial infrastructure in comparison to the Western world, which opens the doors for Bitcoin adoption.
Bitcoin mining has been in a state of flux for nearly a year now, as there is hardly any money to be made. Even cloud mining providers are struggling to make ends meet, with the low Bitcoin price not doing anyone any favours. Australian-based Bitcoin mining company DigitalBTC reported severe losses before and after taxation. Things are not looking that good for Bitcoin mining companies around the world right now.
Bitcoin is being seen as the answer to all problems associated with the current remittance model. Sending money around the world is a tedious task and involves hefty fees. Wire transfers take weeks to clear, assuming the recipient has a bank account. Companies such as Western Union are dominating the remittance market and will continue to do so for quite some time. Bitcoin startup Beam is dropping their remittance plans for now.
The Middle East is an area of particular interest to the financial world. Not just because there is a ton of oil concentrated in this part of the world, but also because these countries have a direct influence on the USD value. As a result, Bitcoin growth in the Middle East is attracting attention and there are also a few places where the virtual currency is being accepted.
Several major banks have shown a growing interest in bitcoin and the underlying blockchain technology over the past 18 months. Even though none of these projects have come to fruition just yet, Barclays is making quite a few waves by suddenly accepting charity donations in Bitcoin. Is this a shimmer of things to come, or just a flash in the pan?
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.
One of the ways to make Bitcoin a more convenient method of payment is by creating services that let users pay bills in BTC. There is always a risk associated with such platforms, as not all of them may have legit intentions. For those brave Canadians looking to venture into this market, Bylls will now let you pay any type of bill with Bitcoin.
The Reserve Bank of India has once again indicated its desire to regulate all activities related to Bitcoin and other virtual currencies in the country. Given the decentralized nature of these currencies, with no “backing” in place, the Reserve Bank of India fears virtual currencies will put the country’s financial ecosystem on its head. While this may be what Bitcoin was set out to do, strong opposition from government officials could present quite the roadblock.
Earning Bitcoins as an additional income is a principle attracting quite a lot of interested parties from all over the world. Since Bitcoin is still relatively new, there are quite a few job opportunities for people from all aspects of life. Web design, graphical artists, writers and translators will have a pretty easy time finding a job paid in Bitcoin. But for those among us who want to freelance, it might be worth checking out Faradam.
The Bitcoin community is still a few light years away from seeing a consensus being reached on whether or not BIP 101 and the 8MB block size will become the new norm for Bitcoin in the future. Bitcoin Core and Bitcoin XT developers are still debating who is right and who isn’t, but that’s not keeping various major Bitcoin companies from expressing their opinion either.
Bitcoin is, just like any other form of electronic or cash payment, subject to Know-Your-Customer regulatory requirements. Even though a lot of people flock to Bitcoin because of the illusion of being anonymous online, there is very little anonymity to be found in the world of virtual currencies. That being said, blockchain technology could be used to facilitate the KYC process, which is exactly what Tradle is trying to achieve.