More and more companies all over the world are starting to see the benefits of digital currency and its underlying blockchain technology. The year 2015 has seen some spectacular numbers regarding VC investment in Bitcoin and the blockchain, and Cherubic Ventures will add another RBM 30m to that total. Funding future innovation in the digital currency and blockchain industry is never a bad thing.
There has been a lot of talk regarding the digitization of money in the past few months. Those plans became even more viable once the announcement was made by Safe.Cash regarding the digital Euro tokens coming our way in 2016. Bitcoin offers a lot of potential to be used as an activist tool, but will these digital fiat currencies offer the same functionality?
The time is almost upon us to kick off the Bitfilm Festival 2015, which will once again start in Berlin. Similar to last year’s event, there will be various short and long films competing in this festival and viewers will be able to vote on the movie they like best by sending Bitcoin donations to a specific address.
Traditional financial institutions all over the world are still not too keen on Bitcoin or anything associated with this term. However, once you start mentioning “blockchain technology”, you will definitely have all their attention. It is this blockchain technology that will allow EU citizens to start using digital Euros for frictionless payments in 2016.
Conversion From Euro To Bitcoin Becomes Easier
Although the partnership between CleverCoin and Safe.Cash has nothing to do with Bitcoin as currency directly, this new platform will, in the end, make the conversion from Euro to Bitcoin much easier. Both consumers and merchants in the EU are looking for quicker and more efficient payment methods, rather than using card payments or paper money.
Finding a Bitcoin-friendly bank seems to be an impossible task these days unless you live in the UK or Germany. Most people know the name Fidor Bank as being the only Bitcoin-friendly bank in existence, but there is a new kid on the block. NextBank has announced their upcoming launch and they have some interesting tricks up their sleeve.
Also read: New Bit-X Bitcoin Debit Cards Shipping Out
Making a cryptocurrency exchange competitive is not an easy task these days. Granted, most everyday consumers want access to quick, easy, and convenient payment methods when it comes to exchanging fiat currency and digital currency. However, most of these exchange platforms are fighting regulatory measures, especially in the US. Laissez Faire is a different creature, as this exchange is legal in 49 US States, and they recently added a USD/Dash trading pair.
Also read: Fiat Currency Vs Digital Currency
The year 2015 has been quite an interesting time for Bitcoin and any company active in the cryptocurrency industry. While the total amount of funding from VC’s and business angels has been enormous during the first two-quarters of the year, things have dropped significantly during Q3. What will Q4 hold regarding VC investment? Only time will tell.
The appeal of combining Bitcoin with gift cards is nothing new in the world of digital currencies. Services like Gyft and eGifter seem to provide a similar service, yet Bitit is doing something entirely different. Rather than letting consumers purchase traditional gift cards with Bitcoin, Bitit offers genuine Bitcoin gift cards. Sharing the love and joy of digital currency is being taken to a new level.
Make sure to read: Jon Fitch Explains The Appeal of Bitcoin and Blockchain Technology
Just a few years ago, no one would have given the concept of crowdfunding a second thought. After all, why would random people you have never met be interested in investing in a project or company you are involved in. Low and behold, crowdfunding has evolved from being a niche market to a powerful tool in terms of raising funds. So much so, that even Belgian bank, ING, wants to get involved in the process.
Make sure to read: World’s First Bitcoin Mining IPO Hosts Campaign on BnkToTheFuture
It is no secret that even major banks and finance groups will have to start rethinking their business model sooner or later. The traditional financial ecosystem is bound to get shaken to its core in the next few years, as developers from all over the world are working hard to bring innovation to the world of finance. Santander Innoventures, who recently invested in Ripple, are keeping all of their options open for now.
Make sure to read: BitcoinPay.Com Releases OpenCart Plugin for Bitcoin Payments