Monthly Archives: September 2018

Crypto POS Comes to Nigeria, Reflects Global Trend

Nigeria is cashing in on its first crypto-based point of sale (POS) system which will enable users to pay in Bitcoin and Ether along with the country’s local currency, the Naira.

Globally the amount of such crypto-based POS systems is on the rise, with Indonesian payment company PundiX hugely influential in facilitating the spread. POS provider PundiX, has also recently announced a partnership with Hong Kong group FAMA to improve retailing using cryptocurrency for purchasing organic foods throughout the company’s chain.

Such solutions for mainstream consumers will simplify cryptocurrency transactions, enabling retail outlets to install their POS devices for speedy acquisition or spending of major cryptocurrencies and could become the future for both retailers and consumers.

The same company has finalized a POS deal with Brazil’s BitCapital that will see 1,000 X POS devices distributed to hundreds of retail outlets there. BitCapital states one of its main goals as creating an infrastructure network that can make cryptocurrency to fiat transactions as straightforward as it’s achievable.

PundiX’ move into the African continent is unsurprising given recent attention by fintech companies eying the opportunities for business in the sector. Michael Lawal, business development manager at PundiX, explains the simplicity of how the system works, talking a user through a demonstration of the first live transaction in the African continent:

“I have 0.01 BTC and I am going to make a transaction of 200 Naira …The cashier provides three options – to pay either with cash, XPOS card or XPOS Wallet. If you are paying with Xwallet you will need to scan a QR code…Once you choose your payment option, the cashier automatically calculates the rate of conversion using current market rates to the local currency, which is Naira. You have two seconds lock-in period to safeguard the consumer and the merchant.”

The system only takes seconds to confirm a transaction issuing an instant receipt outlining all of the details of the payment.

Nigeria could become a major fintech center given that the country holds Africa’s largest contingent of Bitcoin users and has a population of 185 million, representing the continent’s largest population of potential users and investors. Local Bitcoins is reported to have seen a trading volume of $260 million in this year to date.

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UNLOCK Conference, Global Meeting for Blockchain & Crypto in Dubai on 15-16 January 2019

The 2nd edition of the UNLOCK Conference will be held in Dubai, United Arab Emirates (UAE) on 15-16 January 2019 at the Ritz Carlton Hotel. This will be a global meeting of the most powerful players in the crypto and blockchain fields, and BitcoinNews.com is proud to announce a media partnership with the event.

The UNLOCK Conference will cover a full gauntlet of crypto and blockchain applications, including gaming, e-commerce and retail, health, real-estate, banking, equities and securities, food industry, energy, logistics, and transportation. Dubai is an optimal location for the UNLOCK Conference since it is on the cutting-edge of blockchain and crypto with 20 blockchain case studies underway and the goal of having 50% of Dubai’s government services on the blockchain by 2021. Dubai is a powerhouse in the Middle East and North Africa (MENA) region and among the Gulf Cooperation Council (GCC), an alliance of nations on the Arabian Peninsula which border the Persian Gulf.

It is expected that the MENA and GCC will be a hotbed for crypto and blockchain long-term, with numerous startups expected in the regions in the coming years. This makes the UNLOCK Conference in Dubai critically important for planning the future of blockchain and crypto in the MENA and GCC. Dubai’s neighbor, Bahrain, is already experimenting with FinTech sandboxes for the launch of crypto exchanges and startups.

The themes of the 2019 UNLOCK Conference include initial coin offerings (ICOs), cryptocurrencies, the future of crypto exchanges in an increasingly regulated world, scalability and interoperability of blockchain, governments and blockchain, investing in blockchain, utilization of blockchain for supply chains and trade, tokenization of everything in a futuristic digital economy, artificial intelligence (AI) and blockchain, blockchain anonymity, blockchain payments, blockchain in the transportation and energy industries, blockchain for telecommunications, blockchain for cloud services, and identity verification on blockchains.

The registration for the UNLOCK Conference 2019 is open, and the early bird special of USD 800 per ticket is running until 15 October 2018. After that registrations will cost USD 1,000 until 28 December 2018, followed by the late registration period where tickets will cost USD 1,500. UNLOCK Conference is running a special where 4+ attendees registered in the same group nets a 20% discount.

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Popular Wallet Says Goodbye to Fiat Currencies in Landmark Gesture

The popular Bitcoin platform Samourai has announced that it is removing all fiat currency conversion facilities from its wallet in order to promote the flagship currency.

The move is revolutionary in the sense that Samourai is clearly making a move that many exchanges would like to, but so far have resisted. Samourai appears to be positioning themselves for a future where Bitcoin’s value isn’t measured in fiat terms but as a stand-alone currency. This intent is clarified in the company’s latest statement:

“All fiat currency conversions have been removed from Samourai Wallet. We understand this may inconvenience some, it may even be enough to cause us to lose some users, but we believe it is fundamental that our existing and future users understand that when they transact within the Bitcoin network, when they participate in the Bitcoin economy, they are transacting with the token native to the Bitcoin network, BTC, and nothing else.”

The announcement also reminded its clients of its accessibility to a number of alternative language users, with Chinese and French added to its new release. Some 12 languages are now available to cover a range of nationalities around the globe. The wallet is also available in some less commonly spoken languages such as Brazilian Portuguese, Bulgarian and Turkish.

The news that Samourai was completely dumping its fiat currencies reverberated quickly around crypto space with some concern,  but the company has made it clear that it’s time for its users to give up thinking about cryptocurrency in fiat terms, which is fast becoming the norm although early adopters may have needed the reassurance of making fiat conversions. Samourai argues:

“In 2015 when we first launched Samourai Wallet… we reasoned that a fiat based conversion rate would be a convenient feature for users who wished to have a rough idea of what their BTC stash was worth in fiat currency at any given time.”

The company asserts that that “crutch” is still a factor, so action was needed in order to educate the crypto community to a new way of thinking about the cryptocurrency’s worth:

“Many news outlets, data providers, prominent persons, and innocent users started to refer to bitcoin transactions in USD terms instead of BTC terms […] We reasoned that ‘Users aren’t ready’ to give up thinking in fiat terms, and with education, they would eventually change.”

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BitTorrent Will Start Paying Users Crypto For Seeding

The popular peer to peer file sharing site BitTorrent, which has hundreds of millions of users, is launching Project Atlas, where BitTorrent will merge with blockchain technology. BitTorrent will be offering Tron (TRX) as an incentive for seeders, which will create a paradigm shift in the filesharing industry. This follows the acquisition of BitTorrent by Tron, the 13th most valuable crypto with a market cap of USD 1.5 billion, in June 2018.

BitTorrent and other torrenting sites have always had an incentive for seeders to upload faster since they would be able to download more quickly. Now BitTorrent seeders will be paid TRX for seeding files longer, as well as seeding with higher bandwidth and dedicating more of their computer storage to BitTorrent. This is a new and exciting idea for the torrenting industry, never before have users been able to earn money by seeding files. This should re-invigorate the number of seeders and download speeds on BitTorrent.

Further, users will be able to pay TRX for faster downloads. This TRX will be paid towards the seeders, fueling the system where seeders are paid for their services. It’s a win-win situation, downloaders will get their files much quicker, and seeders will earn money for facilitating that.

The CEO of Tron, Justin Sun, says “Project Atlas is the foundation for a new way of content distribution. To start, the product will feature faster downloads, more seeds, no mining, and backward compatibility. It is adapted to the world we live in today: mobile, connected, and transparent. We aim to eventually empower all content creators and their communities by eliminating the middleman and enabling content creators to distribute directly to users”.

As Sun says, BitTorrent users who choose to use old clients that don’t have TRX technology will still be able to use the network, making Project Atlas fully backward compatible. This is a good decision, since torrenters often stick to a client that works for them and generally don’t check for updates, so previous users who like their client will stay on the network. However, due to the exciting prospect of earning money by seeding, it is likely many users will upgrade.

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PR: VegaWallet Announces New Mobile Payment App with POS Aiding Mainstream Adoption

Bitcoin Press Release VegaWallet, “The Complete Cryptocurrency Platform” will provide businesses and consumers with real-world applications for crypto payments.

September 25th, 2018, Malta – The VegaWallet platform will allow businesses not only to receive crypto payments (In addition to traditional cash and credit) but also sell crypto to customers as well. The platform will bridge the gap between consumers who wish to purchase items with cryptocurrency, and businesses who do not yet accept blockchain based digital assets.

The VegaWallet (“VegaPay”) application does this by instantly transferring the authorized amount to its built-in exchange, then sending the correct amount of fiat funds to modern payment terminals through Near Field Communication technology. This process makes paying with your Bitcoin (or several other popular cryptos) more accessible than ever before, and unlike other companies, there is no need for a special debit card or chip.

VegaWallet’s platform is a two-phase project. During VegaWallets token sale users will be able to use the multi-currency digital asset wallet and the built-in exchange. These products are finishing up alpha testing and should be available to the public shortly.

VegaWallets’ POS

Then things get interesting. VegaWallet’s second phase delivers a complete point of sale system that not only allows businesses to transact using cryptocurrency but allows the purchase of crypto using these locations like a gift card. Consumers will be able to have cryptocurrency added to each VegaWallet account on check-out. Imagine buying your groceries and adding BTC, LTC, ETH, or VGW tokens to your account at the same time.

VegaWallet provides the option for users to pay directly with cash as well. Businesses will be able to sell cryptocurrency straight from a wallet of collected funds or collect a small commission for selling the funds from VegaWallet’s exchange.

VegaPay

VegaWallet will introduce “VegaPay” at the end of phase two development. VegaPay, when activated, will verify the transaction and immediately use the VegaWallet exchange to trade the correct amount of cryptocurrency in your wallet account to fiat to pay at any locations that do not yet accept cryptocurrency. The funds will then be sent to the terminal using Near Field Communication (NFC) integration.

VegaPay will create a one-time use credit card number for entrance through the phone or online. This unique number can be treated as a gift card and will be backed by all security protocols. VegaPay will use the one-time code instead of providing a permanent number for increased account security and reducing fraud or hacking attempts related to VegaWallet services. This technology will be as easy to use as other current mobile pay applications without the hassle of bank verifications.

VegaPay will open the world to the wonders of cryptocurrency and when combined with different facets of our platform give users the ultimate cryptocurrency experience.

About VegaWallet

VegaWallet’s Public Sale started on September 17th, 2018. The VGW Token presents several use cases across the platform including instant and zero-fee transfers. Users will see the first applications launched in the coming months as VegaWallet plans to lead the mass adoption of real-world cryptocurrency applications.

Tarek Hajri, CEO stated,

“VegaWallet aims to be a complete cryptocurrency platform. Our Products and services will cover your journey into cryptocurrency every step of the way. We’ll make it easy to buy and trade, give you a safe place to store it, then provide options for spending it the way you want.”

VegaWallet has partnered with major healthcare companies such as AscellaHealth to implement the payments systems where applicable and to develop blockchain based protocols to streamline business practices. You can find VegaWallet listed on popular websites like ICObench, FoundICO, and NAGA-Trading.

For more Information, visit the website at – https://VegaWallet.com

Connect on Telegram – https://T.Me/VegaWalletTalk
Follow on Twitter – Https://twitter.com/VegaWallet
Keep up to date on Medium – Https://Medium.com/VegaWallet
Meet The Team – https://LinkedIn.com/Company/VegaWallet

Media Contact
Contact Name: Jacob Ballou
Email: JBallou@VegaWallet.com

VegaWallet is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high-risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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BitcoinNews.com Daily Podcast, 29th September 2018

Listen to the 29 September 2018 BitcoinNews.com Daily Podcast below.

On this edition of the BitcoinNews.com Daily Podcast we discuss the SEC’s crackdown on 1Broker which hurt tens of thousands of investors, and how the United States Congress sent the SEC a letter demanding them to clarify and improve their crypto guidelines. Hear about the man who traveled around the entire world with 1 Bitcoin. Learn about how BitTorrent is gonna start paying users crypto to seed files.

Follow the Bitcoin News Daily Podcast on AnchoriTunesSpotifyGoogle PodcastsStitcherRadio PublicPocket CastsOvercastCastbox, and Breaker. We broadcast a new episode every day, covering the most important topics in the crypto, Bitcoin, and blockchain world!

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PR: Digital file security boosted by V-ID and DigiByte: Real world adoption of blockchain technology

Bitcoin Press Release: V-ID allows anyone to secure his or her digital file against tampering on the DigiByte platform.

24th September, Rotterdam – Digital file validation system V-ID offers verification of originality of any file within 5 seconds to counter fraud and manipulation. With increasing dependency of documentation and files that are digitized, it is becoming easy to change the contents and fake ownership or contents within. This has caused an alarming situation where sensitive documents (personal, business or even governmental ones) are used for personal or nefarious purposes.

According to Rudy Bouwman, Chief Marketing Officer at DigiByte and Co-Founder of the DigiByte Awareness Team:

“Enhancing Cyber Security and making the Internet a safer place is a long-term mission of the DigiByte blockchain. We are excited to see the DigiByte foundational protocol being used by companies like V-ID who require fast, safe, and highly decentralized transactions. The ability to authenticate digital files without a third party will not only reduce fraud, but open the door to new opportunities and innovation.”

V-ID And its Digital Verification

Using the immutable nature of blockchain to its advantage, V-ID is a decentralized platform that creates an ecosystem where documents can be uploaded by its true owner and all aspects of the file are locked. Once done, the documents can be freely sent anywhere, copied, distributed and even renamed without ever worrying about alteration. A recipient can use the V-ID system to verify the originality of the document in less than 5 seconds.

The V-ID ecosystem offers the perfect solution to document fraud. The platform does not hold the files in its record (Thus allows ownership to reside with the right person) and complies with the recently developed GDPR guidelines.

Practical Use

The V-ID verification answers some of the most crucial issues seen in recent times. Criminal activity thrives on document manipulation (forging deals, bank records, medical data and even crime reports); employers and organizations cannot fact check every educational and experience document submitted by employees; government and sensitive documents in the diplomatic circle are paramount to national interest and susceptible to tamering etc etc.

Unlike many other blockchain platforms that are proof of concept or are in development, V-ID is being actually used by big names such as Airbus Defence & Space, WildRadar Fauna, Vitrumnet (fiber networking) and even Maritime Cyber Alliance.

DigiByte Protocol

DigiByte is a public blockchain that has had over 4 years of development. . The ecosystem offers one the most secure systems with the fastest block time (15 seconds per block). With the public blockchain being most suitable for small, multiple transactions a seconds, the V-ID opted to use the DigiByte blockchain to run its verification system, passing over the market de facto ones like Ethereum.

Marnix van den Berq, Lead Development V-ID said:

“The DigiByte blockchain will empower the V-ID corporate services with great transaction speed at low costs. Combined with the immense spread of the DigiByte network, it is a superior store of publicly accessible and timestamped V-ID data”

VIDT, Securing Originality

The V-ID platform is powered by its native VIDT token. The token sale is live at the moment, with 100,000,000 VIDT available to backers at USD 0.2 per VIDT token. The event carries a soft cap of USD 1,000,000 and a hard cap of USD 8,000,000. The event also carries a bonus scheme for investors that will reduce sequentially as the event time passes on (currently at 33%)

Learn more about V-ID – https://token.v-id.org/
Read the V-ID Whitepaper – https://token.v-id.org/whitepaper/
Follow V-ID on Twitter – https://twitter.com/v_id_blockchain
Check out the V-ID Medium – https://medium.com/@pim_vee
Connect on on LinkedIn – https://www.linkedin.com/company/v-id/
Watch V-ID vids YouTube Channel – https://www.youtube.com/watch?v=w32irl45VkU

Learn more about DigiByte – https://www.digibyte.io/
Follow DigiByte on Twitter – https://twitter.com/digibytecoin

Media Contact

Contact Name: Marnix van den Berg
Contact Email: marnix@v-id.org

V-ID is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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