By CCN Markets: For once, we’re not talking about California or New York when we discuss a significant expansion of retail crypto availability. Instead, we’re talking about Arizona and Nevada, where a block of 20 Circle K convenience stores now host bitcoin ATMs from DigitalMint. The ATMs currently only serve BTC, with a more than 10% mark-up for purchases. With bitcoin currently averaging around $ 9,800, DigitalMint currently asks $ 10,987. Dubbed a “pilot program,” Circle K’s more than 15,000 other locations could be next. Important to note: the corporation owns some Circle K locations, and franchise operators own some. The latter
Bitcoin Cash network successfully undergoes an upgrade and more than 30,000 new stores now accept BCH payments. Watch these and other developments discussed in this week’s video update on Bitcoin.com’s Youtube channel.
BCH Network Upgrade in Bitcoin.com’s Weekly Update
This week’s show covers the recent upgrade to the Bitcoin Cash (BCH) network, adding Schnorr signatures and the Segwit recovery exemption. With the changes successfully completed, developers are now able to create payment channels and atomic swaps hidden as ordinary payments as well as lightning-style payment channel networks if they ever wanted to.
Payment platform Flexa has announced the launch of SPEDN, an app that allows users to make purchases with cryptocurrencies at a variety of brick-and-mortar stores. The app works by generating QR codes at checkout registers, which then debit users’ wallets on the app and credit merchants with fiat.
To initiate payments immediately, Flexa uses FlexaCoin, its native cryptocurrency, as an intermediary before the originating coin’s network approves the transfer. Essentially, the Flexa Network Protocol pays the retailer in cash then takes on the burden of moving the coin from a user’s wallet while using the FlexaCoin as collateral.
Subscription-based news platform Popula has made history by providing the very first fully stored news article on a blockchain platform. Earlier this week, Maria Bustillos, the editor of journalist-owned Popula, announced the placement of an article published on the website has now been stored on the distributed ledger. According to the report, the article, which was
On Friday, Samsung stores in the Baltic States have announced they will be accepting seven different cryptocurrencies for merchandise. Through a partnership with the payment processing firm Coppay, customers shopping at the Samsung stores in Tallinn, Riga, Vilnius, and Kaunas will be able to pay with BTC, ETH, DASH, NEM, STEEM, XRP, and LTC.
IKEA, the world’s largest furniture retail company based in Sweden which focuses on selling ready-to-assemble furniture and home accessories, has had the Science-Based Targets Initiative (SBTi) approve its plans to reduce greenhouse gas (GHG) emissions from its stores and other operations by 80 percent by 2030.
Bitcoin and the vast array of cryptocurrencies within the digital asset economy have become extremely popular these days, and one reflection of this metric is how many games can be found trending on the most popular app stores. There are many games available that allow gamers to create their own virtual mining farms, simulate trading cryptocurrencies, and games that even reward people in micropayments.
Residents of Rostov, the Russian port city on the Don River, are enjoying a growing number of bitcoin-related services. Some crypto-savvy taxi drivers have started accepting Bitcoin Cash (BCH), and several BTC teller machines have been installed in supermarkets. All that happens while officials in Moscow are still mulling over the legislation needed to regulate cryptocurrencies.
Also read: Russians Owe 13% Tax on Their Crypto Incomes
Taxis Taking Bitcoin Cash
Taxi drivers in Rostov on Don are obviously among those Russians who don’t want to wait for a permission to take advantage of the opportunities offered by cryptocurrencies. A youngster recently shared on a local social media channel a picture proving that taxi rides in the Southern Russian city can now be paid with cryptocurrency.
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Popular South Korean cryptocurrency exchange Bithumb is partnering with digital payment service provider Korea Pay Services (KPS) to pave the way for widespread digital asset adoption in the country. Both companies are working to give over 6,000 of the country’s retail outlets the option of accepting cryptocurrency payments for goods and services.
South Korea has proven both beneficial and important to the cryptocurrency community. Presently, the nation stands as the third-largest market for cryptocurrency trades behind the U.S. and Japan.
At the flick of a switch, 260,000 Japanese retail stores can now accept Bitcoin payments through their Air Regi point of sale system.
What are the pros and what are the cons?
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