Category Archives: Dash

Auto Added by WPeMatico

The Music Industry Flirts With Crypto and Reaps the Benefits

Recently, blockchain tech and cryptocurrencies have used their burgeoning popularity to pull in stars from the world of sport, not wanting to miss out on the next big thing on the block. However, musicians are some of the newbies on the front line of the new tech. Some have made more impact than others though.

Better known from his time with band Genesis, Peter Gabriel is an example of one who has no intention of dabbling. Gabriel is an ardent fundraiser for humanitarian causes and a supporter of the British Labour Party to which he has made significant donations.

His investment in the startup, Provenance, was undisclosed but clearly, it’s now contributing towards the company’s expansion of its product. Through Provenance, Gabriel’s money helps provide transparency to food transportation, basically giving the public a better idea of exactly where their food comes from and how it gets there. The Provenance blockchain-based application is predicted to be used in over 1,000 food businesses by 2025.

The ex-Genesis singer and drummer can now add his name to the list with other prominent personalities promoting ICOs over social media in the past year, such as Paris Hilton, Floyd Mayweather, and Katy Perry.

Islandic enigmatic singer Bjork wants her music out there and be purchased with crypto, to which end she hooked up last year with London based Blockpool, allowing her fans to exchange Litecoin, Dashcoin, and AudioCoin for her 2017 album Utopia.

Singer Imogen Heap commented that cryptocurrency has helped her in her recent projects too, particularly with her release of the song Tiny Human on the Ethereum blockchain in 2015, allowing people to download the song in exchange for Ether:

“People paid USD 1, or 1 ETH, which was equal to USD 1 at the time,” she said. “That was USD 200. I didn’t think anything of it and then, of course, it went massively up and I took a bit out and put it into the project, and then it went massively down. It went up to GBP 200,000.”

Senegalese singer AKON with his cryptocurrency Akoin also made the headlines amid plans to build a crypto city, but others from the music industry are getting involved in the blockchain, such as Kanye West.

Never to be outdone, rapper Kanye West tweeted happily earlier this year about blockchain and his version of a digital music service Spotify called Yeezy Sound, aimed to be a decentralized application that would incorporate cryptocurrency. That plan clearly is still in the pipeline, although the trademark applications are in.

Follow BitcoinNews.com on Twitter: @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post The Music Industry Flirts With Crypto and Reaps the Benefits appeared first on BitcoinNews.com.

Masternodes as an Alternative Cryptocurrency Protocol

Over 400 cryptocurrencies use the Masternode protocol, the most famous of which perhaps is Dash. Masternodes are a variation on Proof-of-Stake (PoS) mining. PoS is when a user keeps coins in their wallet, staking them to help secure the network and generate new coins, accruing long-term interest. With Masternodes, a user must stake a large amount of coins and they receive significant profits long term, in exchange for their Masternode helping to run the network.

Dash is the top X11 cryptocurrency and currently ranked 12th overall with a market cap of USD 1.7 billion. Masternodes in Dash help mix coins to increase anonymity of Dash transactions. A user must lock 1,000 Dash into a node, currently worth USD 209,000 and keep it running perpetually.

The reward is currently 6.94% interest per year for doing this with variation. That comes out to nearly 70 Dash per year of interest or USD 14,600. Clearly, Masternodes can be quite profitable and provide an income.

The caveat is the coins must remain locked up, so the operator of the Masternode can lose significant amounts of money in a bear market and the operator can’t use the funds for anything else.

There are other Masternode cryptocurrencies with far lower barriers for entry. Some of the really cheap ones require less than USD 10 and have interest rates of thousands of percentage per year. Dash alternatives have market caps less than USD 100 million but some of the bigger ones can be quite stable and profitable. For example, Zcoin requires a stake of USD 13,000 and generates nearly 20% interest per year. ZenCash allows Masternodes with an investment as low as USD 800 with 39% interest per year.

Essentially, Masternode cryptos can be an overlooked way of generating significant profits, similar to mining but with less work and more predictability. Interest rates vary a bit but can be counted on long term, while mining rewards with Proof-of-Work (PoW) constantly decline long term.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Masternodes as an Alternative Cryptocurrency Protocol appeared first on BitcoinNews.com.

Brazilian Government Inspects Activities of Local Crypto Exchanges

In an apparent government crackdown on corruption and money laundering, Brazilian cryptocurrency exchanges have been given a 14-point survey to fill out detailing a number of areas in their operations.

Local news outlet Portal do Bitcoin covered the incident in an exclusive piece after obtaining a copy of the document that was served to the exchanges, despite the message being signed by the prosecutor Ana Paula Bez Batti warning that the dissemination of the message is prohibited by law.

The questionnaire covers a number of topics that will supposedly contribute to the study of combating corruption and money laundering in Brazil, and covers topics including compliance issues, limits offered to customers in relation to declared income, control over the number of operations, control over the originator’s identification, hashes of the portfolios and data of the partners themselves.

Question 10, for example, reads: ”Does the Crypto-Exchange trade popular crypto-coins for their anonymity, such as Monero, Dash and Zcash?” most likely querying these coins in particular as they are notably more difficult to trace ownership of. Other questions were more direct, such as number six: ” What measures, if any, does Crypto-Exchange take to mitigate risks related to money laundering and terrorist financing?”

The Ministry of Finance supposedly issued the questions as part of a stealth dossier “to protect the integrity of the financial system”. Each brokerage was notified they had five days to respond, with the data promised to be kept entirely confidential.

What do the exchanges say?

Portal do Bitcoin contacted three of the countries top 10 exchanges by trading volume, each giving a different response to how they are handling the situation and each wished to remain anonymous. One has been fully compliant, answering each question and has already sent its response. Another claims they do not know if they have received it but are looking onto all possible communication channels.

The final exchange to comment said they do not have any plans to respond to the survey, as it was not sent as an official document from the Brazilian government but rather sent through its contact form. As most inquiry forms on similar platforms send an automated reply, it is unlikely they will be able to claim they never received the survey when the government approaches them.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Want to advertise or get published on BitcoinNews.com? View our Media Kit PDF here.

Image Courtesy: Pixabay

The post Brazilian Government Inspects Activities of Local Crypto Exchanges appeared first on BitcoinNews.com.

Blockchain Must Be Solution to Travel Red Tape and Endless Waits

Despite advancements in aviation technology, the mechanisms underpinning the travel industry in this sector haven’t changed much since the 1960s.

Due to the constant moving parts that make up the passenger air travel industry, digitization and automation of operations have been excruciatingly slow. Flight coordination, customer and supply management are often executed across a myriad of incompatible systems with little or no way of harmonizing their operations, resulting in high costs for travelers and a large overhead of up to 35% for companies.

There is nowhere that reflects these inadequacies more graphically than an airport.

Brisbane airport has teamed up with Australian crypto travel company TravelByBit, which designs tourist routes and provides selected providers with a digital currency payment platform. The airport will use the platform to enable flyers to use Bitcoin, Ethereum, Dash and other digital currencies to shop and dine at various stores and restaurants across both of Brisbane’s air terminals.

Getting to the terminal itself has been made easier by blockchain startup AVINOC that brings passengers, airlines, air traffic control and travel agencies together with its advanced, decentralized technology. This company looks to challenge the status quo of old centralized booking companies such as CheckFelix or Expedia.

But what of the airport itself? To many the ordeal really begins at the terminal gates, the traveler having to endure endless ticketing and immigration queues, followed by baggage check-ins, then the sheep pens of passport and visa checks. Many seasoned flyers would subscribe to the view that flying has become time-wasting, stressful and is often a display of complete incompetence by airport authorities and airlines, particularly in some less-developed locations around the globe.

We are now in the digital age and as the Brisbane project shows, it is beyond the time that blockchain should intervene to make the traveler’s experience a happy and smooth one, rather than a recipe for raised blood pressure.

With DLT solutions, traveler identities can be verified in an instant at home via a mobile or desktop and further at the airport without the mindless gaze at a paper picture and endless key pushing by a hapless officially seemingly nailed to a chair. Bags can be chipped and scanned to match owners for both security and speed of loading, a service thankfully currently provided by VeChain Thor.

Face recognition is beginning to use, but inconsistently, and retinal scans and fingerprinting offering maximum security in this age of heightened terrorist activity, are rare to non-existent. Decentralized digital identities remain the realm of fantasy movies such as Mission Impossible but in the real world, the traveler must make do with sagging outmoded systems… and oh yes, those sheep pens.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Image Courtesy: Pixabay

The post Blockchain Must Be Solution to Travel Red Tape and Endless Waits appeared first on BitcoinNews.com.

Luxury Crypto Auctions Getting Cleaner as Bitcoin Footprint Improves

A luxury goods entrepreneur is now taking her company, which specializes in selling luxury vehicles, into the crypto space with good honest Bitcoin.

Bonham Auctions owned by Elizabeth White has to date sold over 30 Lamborghinis, a Ferrari which went under the hammer for a staggering USD 4 million and even sold a car to a 16-year-old waiting for his driving license after making his fortune Bitcoin mining.

In the past, such luxury items auctions have received some bad press, with suggestions that most of the proceeds feeding into such auctions are simply money laundering opportunities.

White disagrees, refuting that Bitcoin is the choice of disreputable clients and arguing that the nature of blockchain allows her to keep a close tab on clients:

“Every transaction is recorded on the Blockchain, which is publicly accessible, so it is actually much more transparent… We know who our clients are.”

A recent report by cybersecurity firm Recorded Future has indicated that Bitcoin is no longer the choice of criminals while coins such as Dash and Litecoin are increasingly being used for more nefarious purposes with 30% of dark web vendors accepting Litecoin and 20% accepting Dash.

White gains from the fact that buyers would need a prolonged period of withdrawals from exchanges in order to buy some of her auction items due to limits of USD 10,000 a week whereas they can transfer much larger sums to her in an instant. There is a strategy involved in terms of whether she holds or sells her Bitcoin due to current market volatility.

White has recently launched her own stable coin (WSD) tied to the USD to try and get around these issues, enabling customers to use her wallet facility to trade Bitcoin for WSD.

There is also an increasing number of platforms being launched to help wealthy consumers part with their cryptocurrency, usually on luxury items. Such entrepreneurs have created a business seemingly out of very little but nonetheless, they are serving a specific crypto elite and creating a thriving retailer-consumer database.

One such London gallery in Mayfair simply advises their clients on how to spend their cryptocurrency on luxury items and guides them through the process, working as a middleman between wealthy consumers and an established list of retailers.

 

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Image Courtesy: Pixabay

The post Luxury Crypto Auctions Getting Cleaner as Bitcoin Footprint Improves appeared first on BitcoinNews.com.

PR: Dash Partners with TriveCoin to Usher in New Breed of Dapps

Bitcoin News Press Release: Privacy-centric cryptocurrency Dash has announced its latest partnership with blockchain marketplace TriveChain to allow for a smart integration of dApps allowing payment in both Dash coin and TriveCoin.

August 4, 2018 – Dash — a 14th globally-ranked cryptocurrency with total market capitalization of USD1.8 billion — has just entered into a partnership agreement with TriveChain. The forward-thinking partnership will allow Dash to integrate its payment system into BizStore, a blockchain marketplace powered by TriveChain. This integration will enable applications (BizApp) in BizStore to perform payment transactions not only using TriveCoin but with Dash coin also.

The intelligent integration of applications into a blockchain market like BizStore is a first of its kind to launch globally. Both Dash and TriveChain saw a great opportunity. WeChat — the Chinese messaging, social media and mobile payment app — generates billions of sales every year in BizStore. Through this innovative solution, app publishers would only have to pay a nominal fee with TriveCoin to list on BizStore, and enjoy higher profit margins, without having to incur the 30% sales commission that app publishers pay elsewhere.

The TriveChain community in Asia is growing fast; in part due to its cost-effective, efficient, and user-friendly features. Couple that with a payment transaction speed as fast as 4 seconds, and you see why the community is flourishing.

App developers from around the world are joining the movement, building breakthrough applications on BizStore. The BizStore.io platform provides SDK, thus simplifying the difficult process, in addition to build-and-get-paid functionality. Development teams of any size can publish and bring their app to an untapped market, through BizStore in the TriveChain wallet.

The TriveCoin wallet can be downloaded at both Google Playstore and iOS App Store at:
https://play.google.com/store/apps/details?id=org.trivecoin.wallet&hl=en
https://itunes.apple.com/my/app/trivecoin-wallet/id1406948103?mt=8

About Dash

Dash is an open source peer-to-peer cryptocurrency and decentralized autonomous organization (DAO). It features instant transactions, private transactions and a self-funded, self-governed organizational structure.

Dash’s self-funded, self-governed organizational structure, referred to as the treasury system or decentralized governance by blockchain, makes Dash a DAO. A global network of masternodes vote on proposals for improving Dash’s ecosystem. Approved proposals are funded from the treasury, which receives 10% of all newly created Dash, with 45% allocated to miners and 45% to masternodes. Running a masternode requires ownership of 1,000 Dash. Dash’s network has grown to 4,100 masternodes since launch in 2014, making Dash’s peer-to-peer network one of the largest in the world.

About TriveChain

TriveChain is the blockchain of TriveCoin, a core system of TriveCoin that allows new businesses to market their products and/or services on the TriveCoin community, and generate native tokens effectively through TriveCoin’s BizContract. This mechanism gives tremendous opportunity to any businesses to crowdfund their project via initial coin offering (ICO).

The process of tokenization is generated through TriveChain, where these tokens are virtual coins built on top of TriveCoin’s platform, making the tokens programmable and customizable to the developer’s needs. These tokens are open-source, self-governing, and free for anyone to use, whilst facilitating guaranteed agreements, token-based voting systems, digital currencies for decentralized apps and tokenized assets.

Additional features include utilizing both Proof-of-Work and Proof-of-Stake based algorithms in a hybrid fashion to increase security and sustainability, a rewards-based double-tier network known as Trive VIP Masternode Network (TVIP), ExclusiveSend which for increased user privacy protection and Direct Send, a decentralized instantaneous transaction system.

On July 1, TRVC had been listed on Bitrabbit.com. Bitrabbit is Australia’s largest cryptocurrency exchange and supports dozens of currencies. The listing on Bitrabbit will give TRVC fluidity, enabling holders to buy, sell and exchange other major cryptocurrencies including Bitcoin, Litecoin, Ethereum and Zcash.

Learn more about TriveCoin: https://www.trivecoin.org
Mine TRVC at the TriveCoin official mining pools: https://trivecoin.com, https://Kobepool.com and https://x11hashers.com
Join TriveCoin at Facebook: http://facebook.com/trivecoin
Follow TriveCoin on Twitter: https://twitter.com/TRIVECOIN?s=08
Chat with TriveCoin in English on Telegram: www.t.me/trivecoin
Chat with TriveCoin in Chinese on Telegram: www.t.me/trivecoinCN

Media Contact
Contact Name: Mark Tilger
Email: marktilger12@gmail.com

TriveCoin 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.

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

Image Courtesy: TriveCoin

The post PR: Dash Partners with TriveCoin to Usher in New Breed of Dapps appeared first on BitcoinNews.com.

Blockchain Sentiment Survey: Crypto Embraced by All Political Ideologies

Coindesk Research has published the results from its State of Blockchain Q2 2018 research. The findings show the extent of cryptocurrency adoption across all political ideologies, notably finding the number of liberals has surpassed those with a libertarian ideology. 

Key findings

Of 1,200 participants, the responses were broken down into categories as so: 27% liberals, 24% libertarians, 21% conservatives, 9% centrists,  9% socialists, 8% anarcho-capitalists, and 3% nihilists.

Considering the results in a strictly political left versus right, 52% of those in the cryptocurrency space fall on the right side of the spectrum, with 45% on the left.

Ideology by coin

Ethereum (ETH), EOS and Ripple (XRP) were ranked most favorably with those on the left, while DASH, Litecoin (LTC) and Bitcoin Cash (BCH) were favored by a larger majority of those on the right.

XRP also shows the largest cluster towards more centrist politics when broken down into individual categories, as Monero (XMR) attracts those from the most extreme side of each spectrum and claiming the largest total number of anarcho-capitalists at 36%.

How and why

Cryptocurrencies and Bitcoin particularly are still generally considered popular by those who believe in limited or no government centralization, and who trust in the free market such as libertarians and anarcho-capitalists. This was certainly the case in the early days of Bitcoin, but the changing shape of the market and individual cryptocurrencies over time has attracted those from all corners of political preference.

55% of respondents in Coindesk’s Q1 survey said that they did not begin actively watching the cryptocurrency industry until 2017; this is when greater financial incentives came in to play for the general population as they learned about Bitcoin. Prior to Bitcoin becoming seen as a profitable investment, much of the community pursued it out of their own libertarian, or similar, ideology. The profit motive attracted a group of people that represent the general population far more closely.

When it comes down to specific cryptocurrencies, the nuances of the leadership structure largely correlates with the beliefs in one’s political ideology. As the Bitcoin Sign Guy said, cryptocurrencies with increased central leadership or governance attract a higher percentage of those who identify as socialist.

What to take from the survey

With just 1,200 participants, the survey is perhaps not quite substantial enough to provide a definitive representation of political ideologies in the field, but it is certainly an interesting starting point.

Considering the percentage of the community that supports regulations and government acceptance of cryptocurrencies, it is not all too surprising to see this variety of political opinion.

 

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

Image Courtesy: Pixabay

The post Blockchain Sentiment Survey: Crypto Embraced by All Political Ideologies appeared first on BitcoinNews.com.

London Gallery Owner Helps Crypto Wealthy Make Expensive Choices

There is an increasing number of platforms being launched to help wealthy consumers part with their cryptocurrency, usually on luxury items, writes the China Morning Post.

Such entrepreneurs have created a business seemingly out of very little, but nonetheless, they are serving a specific crypto elite and creating a thriving retailer-consumer database.

Working from her gallery in London’s Mayfair, Eleesa Dadiani is one of the new providers to the crypto rich, with clients ranging from 20 to 70 years of age. It started a couple of years ago, she maintains, has noted that those who had made significant profits from cryptocurrency trading really had no idea how to spend it. Using her established clientele through her gallery Dadiani Fine Arts she decided to make it happen by forming a syndicate of retailers and customers to turn some of this wealth into goods. She explained:

“A couple of years ago, when we saw bitcoin perform as well as it did, there was no way to use those coins. You were rich on screen, but what could you do with it? You could invest in ICOs [initial coin offerings], but what about something tangible? The answer was ‘Nothing’.”

Dadiani is certainly a believer and wants to make cryptocurrency do what it was intended for. Her gallery was one of the first globally to accept multiple cryptocurrencies; she currently supports Bitcoin, Ethereum, Ethereum Classic, Litecoin, Ripple, Dash, and NEM. Her customers come to her so she can help them make that otherwise difficult crypto purchase.

The list of her client’s purchases are impressive to say the least, from bloodstock to jets, from gold bullion to rare cars, she’s handled them all. Even the purchase of four Formula 1 cars valued at £4 million ($5.3 million) wasn’t enough to dampen her enthusiasm for her role as crypto “ middle-man.”

She says she has little time for crypto-idealists trying to create decentralized government-free crypto utopias, suggesting that people need to make a “cognitive shift” and find a way of integrating cryptocurrency into real life through gradual change. She argues:

“These libertarians, they don’t understand money, they don’t understand history,” she says. “They know nothing about politics or international relations. You have to understand the world you live in before you can change it.”

Follow BitcoinNews.com on Twitter at @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

Image Courtesy: Pixabay

The post London Gallery Owner Helps Crypto Wealthy Make Expensive Choices appeared first on BitcoinNews.com.

Crypto Giant Huobi Australia-Bound for ‘Knowledgeable and Sophisticated’ Trading

Singapore crypto giant Huobi has announced it has begun trading from Sydney on its new Australian platform, reports the Asia Times.

It has been a huge week for Huobi, the world’s third-largest crypto exchange by trade volume also announced that it has opened registration on its newly created U.S.-based “strategic partner” trading platform.

The new Australian venture has come about following Huobi’s comments that Australian traders are reputed to be well respected. The company will be trading 10 pairs including BTC, ETH, BCH, and LTC in Australian dollars.

The company suggests that Huobi’s billion dollars a day in trade volume can be further boosted with the addition of new trading pairs. Smaller pairs at present include Ethereum Classic (ETC), Power Ledger (POWR), Aelf (ELF), Cortex (CTXC), Data (DTA) and IOST with more “obscure” pairs to follow.

In another development, tech giant IBM has been expanding into Australasia and has signed a five-year deal security deal worth $740 million with the Australian government. The focus of the deal is to improve the company’s cybersecurity capabilities by employing blockchain related technologies.

IBM Australia and New Zealand managing director David la Rose says that the deal is a testament to their 40-year partnership with the Australian government, adding, “We look forward to helping the Australian government to re-define the digital experience for the benefit of all Australians.”

The new deal can be seen very much as a rebuilding of trust between IBM and the Australian Government which has recently been dented by the company’s 2016 national census survey receiving four “distributed denial of service” notices at the time, which temporarily shut down the service. IBM agreed to pay the Australian government more than A$30 million ($US20 million) in compensation.

Huobi’s latest US cryptocurrency marketplace comes via a San Francisco-based company called HBUS, which will support nine cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH), Tether (USDT), DASH, Civic (CVC) and TrueUSD (TUSD), according to Cointelegraph.

Follow BitcoinNews.com on Twitter at @BitcoinNewsCom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

Image Courtesy:Pixabay

The post Crypto Giant Huobi Australia-Bound for ‘Knowledgeable and Sophisticated’ Trading appeared first on BitcoinNews.com.

Brisbane Airport Lets You Buy Before You Fly with Crypto

Australia’s Brisbane International Airport has announced that it is to introduce cryptocurrency payments at its terminal, according to News BTC.

Brisbane airport has teamed up with Australian crypto travel company TravelByBit, which designs tourist routes and provides selected providers with a digital currency payment platform. The airport will use the platform to enable flyers to use Bitcoin, Ethereum, Dash and other digital currencies to shop and dine at various stores and restaurants across both of Brisbane’s air terminals, a press release says.

Roel Hellemons, Brisbane Airport Corporation’s (BAC) general manager of strategic planning and development, claims that Brisbane is the first city airport worldwide to offer the service saying that it’s a logical move given that many travelers are cryptocurrency investors. He said, “This is just the beginning for us as we hope to expand the digital currency option across the business.”

TravelByBit CEO Caleb Yeoh said that the move was a good indicator that cryptocurrencies were a viable currency, commenting, “Here at TravelByBit we are promoting the Bitcoin travel movement. Digital currency for worldwide travel. It’s simple, safe and there are no bank fees.”

Australian business has a very progressive record in its uptake of cryptocurrency for commercial purchasing. TravelByBit has been very proactive in promoting its use within the booming travel and hospitality industry across the country. Brisbane itself has been named ‘Crypto Valley’ by locals with more than 20 merchants across the city now accepting crypto payments.

Yeoh said that the company’s aim is to build a case for cryptocurrency use within the travel industry and commented:

“Whenever you travel overseas you have to deal with multiple currencies and you never know what exchange rates the banks are charging you… we are promoting the Bitcoin travel movement. Digital currency for worldwide travel. It’s simple, safe and there are no bank fees.”

Australian as a nation was very quick to allow the public to be able to use Bitcoin as a practical payment method. Brisbane’s claim to its Crypto Valley tag rather pales when matched against Melbourne which had twice the number of merchants as Brisbane was accepting Bitcoin as far back as 2014, with Sydney laying claim to half that total. Since last year an Australian Startup called ‘the Living Room of Satoshi‘ has been helping customers to pay their utility bills with Bitcoin, by using a bank account or Bpay payment system, and then sending their funds to a cryptocurrency address, according to Business Insider..

Australia’s attempts to regulate the cryptocurrency industry have so far been successful in its endeavors to protect citizens and the financial sector while still continuing to develop and incorporate the technology into the infrastructure of the country.

 

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

The post Brisbane Airport Lets You Buy Before You Fly with Crypto appeared first on BitcoinNews.com.