Gain Archives -
Disney appears to gain a friendly majority in Anaheim City Council. The ‘living wage’ initiative is still too close to callNovember 8, 2018 | dailybusinessnews
After butting heads for two years with the Anaheim City Council, Walt Disney Co. appears to have won a favorable majority on the panel as candidates backed by the media giant were well ahead in a wide field of hopefuls.
Three City Council candidates, including the mayor, who received campaign support…
Stocks climbed for the second day in a row at the end of a brutal month for global markets, the AP reports. Investors applauded strong quarterly results Wednesday from companies including Facebook and General Motors, giving the market its first two-day gain since late September. GM, which also announced buyouts,…
U.S. stocks are lower Wednesday morning following their biggest gain in more than six months.
IBM tumbled after it announced disappointing quarterly revenue and homebuilders are sinking after the Commerce Department said construction of new homes dropped in September. Netflix jumped after it announced…
Stocks are surging on Wall Street, clawing back some of the ground lost last week, after several big US companies reported standout results, the AP reports. Major US indexes climbed more than 2% Tuesday, giving them their biggest one-day gains since March. They’re still down for the month following a…
Stocks clawed back some of the ground they lost in a two-day rout but still suffered their biggest weekly loss in six months, the AP reports. Even with Friday’s moderate gains, major US indexes lost about 4% for the week. A recent spike in interest rates has spooked investors who…
BTC.com has . announced its wallet will enable Bitcoin Improvement Proposal 70 (BIP-70) for payment transactions, which is especially helpful between customers and merchants, becoming an industry standard of sorts. The wallet has more than one million users, and with BIP-70 they will be able to buy products from popular processing platform Bitpay, which has a $ 1 billion merchant market.
BTC.com Wallet Users Can Now Be Connected to Bitpay Merchants
BIP-70 is a favorite of merchants because it provides for secure end-to-end communication to customers all over the world. Payments are routed and confirmed onchain. And with BTC.com users now able to safely store their private keys on its multi-sig wallet, they retain control over their coins, and have a choice of more goods and services than ever.
Sean Rolland, Director of Product at Bitpay, explained, “We appreciate BTC.com’s support for BIP-70 as Bitpay works to make Bitcoin commerce payments easier and even more secure. With BIP-70, we have seen a drop from an 8%+ payment error rate (in dollars) to a 0.27% error rate. It’s this ability to ensure correct payments using BIP-70 helps the entire industry to grow.”
Since 2015, BTC.com claims to have processed more than $ 5B worth of bitcoin cash (BCH) and bitcoin core (BTC) on behalf of one million users. Bitpay’s merchants, which number in the hundreds of thousands, only accept BIP-70 wallets.
It’s All About Commerce
BTC.com’s VP of Business Operations, Alejandro de la Torre, detailed, “We’re always striving for new methods and partnerships to expand the use of BTC and BCH as a currency and integrating with Bitpay is an important step towards transacting with retailers and merchants. Cryptocurrencies can begin to compete with credit card and mobile transactions by capitalizing on current inefficiencies in traditional payment processing services and extend the boundaries of commerce. Enabling customers, merchants and the Bitcoin community to utilize Bitcoin in commerce will sow the seeds for cultivating deep and sustainable growth from the whole bitcoin community.”
Considering crypto’s extended bear market, spanning the bulk of the present year, proponents of mainstreaming have had a tough sell. Perhaps what might sway skeptical retailers is convenience of onboarding for customers (frictionless features such as no KYC or AML requirements), low transaction fees, and fast confirmation times. And while Bitpay for sure has KYC, the BTC.com wallet upgrade allows its users to tap into Bitpay’s 1% merchant fee which is more than competitive when placed against traditional credit card processors.
Atlanta-based Bitpay allows users to spend and accept cryptocurrency such as bitcoin cash (BCH), having worked for years to establish business relationships with merchants on behalf of the crypto community by way of its Visa debit card, for example. Arguably its most important feature is to mitigate against price volatility, the kind which has spooked businesses from dabbling in the ecosystem. Settlements are made in fiat, and deposited directly in the merchant’s account.
Do you think BTC.com’s new wallet will help crypto adoption? Let us know in the comments below.
Images courtesy of Shutterstock.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The post Bitpay and BTC.com Team: 1 Million Users Gain Access to $ 1 Billion Merchant Market appeared first on Bitcoin News.
Stocks gave up an early gain and closed lower after the Federal Reserve made its third interest rate hike this year, the AP reports. Banks and real estate companies fell the most Wednesday. Bank of America sank 1.7% and Vornado Realty Trust fell 2.1%. The Fed, as expected,…
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
iCoinbay released a new trading campaign entitled [Trading Premium Gain]; iCoinbay is a tokenized, community-based digital asset exchange. This new campaign allows traders who use the platform to increase their earnings through normal trading activities. According to publicly released information, the plan can be summarized as follows:
1.Issuance of TPG tokens worth 100% the value of transaction fees
According to their released “TPG White Paper”, iCoinbay thinks that users’ normal usage of the platform should count as contribution to the community. With each transaction, a corresponding amount of the platform’s token, TPG, will be issued to the trader(s).
2.70% of exchange income distributed to TPG holders
As described in their white paper, holders of the platform’s TPG tokens have the right to income distribution. Each week, iCoinbay will distribute 70% of previous week’s income to community members, based on the proportion of TPG held.
3.Pioneer insurance system designed specifically to protect TPG value
The interesting part is that iCoinbay has also rolled out an insurance system. In order to better protect TPG holders from price fluctuations on the secondary market, iCoinbay’s campaign includes an insurance policy specifically made for TPG tokens. No matter how the market moves, after 100 days, holders of TPG will be able exchange them for stablecoins at their originally issued price.
iCoinbay uses the theory of a token economy as the basis for their platform, and develops each aspect of their business with three values in mind: joint development, joint success, and joint responsibility.
Although tokens and blockchain are two different things, the driving force behind blockchain’s recent explosion in popularity has actually been the token economies that developed around Bitcoin, Ethereum, etc. Another way to put it is that blockchain is the stage for a new world, and tokens are the main actors on this stage. Based on this, iCoinbay is concentrating on building an exchange that allows community members to trade safely while using traditional financial measures (such as insurance) to protect the value of traded assets.
Contact Email Address
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Target Corp. kept pace with rival Walmart Inc. by posting its best sales in 13 years, sending its shares to a historic high.
Same-store sales rose 6.5% in the latest quarter, the company said Wednesday, beating analysts’ average prediction, according to Consensus Metrix. Web revenue growth also…
She(256) is a clever name for a novel scheme. The female-focused mentorship program is designed to support women entering the cryptocurrency space. In doing so, the program will enable students to benefit from the guidance of a crypto OG – a seasoned professional whose business and technical experience should prove invaluable. The She(256) initiative has been broadly welcomed in most quarters of the cryptoconomy.
Mo’ Mentors, Mo’ Women
“Dear men of crypto, I would love to see many of you sign up to be She(256) mentors,” tweeted Jill Carlson. The cryptocurrency all-rounder is a recognisable and respected figure in an industry that is still overwhelmingly male-dominated. “Many of you have been the most important mentors and influences in my career,” she continued. “It matters more than you know when you support your female colleagues.”
The program she was referring to, She(256), is a University of California, Berkeley-led initiative that “presents the opportunity for a professional and young student or early-career young adult to learn from each other serving as guides and allies”. Few would argue with the basic rationale behind its ethos. Anyone who can recall their first foray into crypto, and the fledgling mistakes they made, personally and professionally, can surely appreciate the value in such an initiative.
Cryptocurrency, and the insular and often esoteric world it’s spawned, makes perfect sense once you’re battle-hardened and embroiled in it. For newcomers, however, the industry – which is notoriously unforgiving of incompetence and ‘newb mistakes’ – can seem daunting. This is true of all entrants to the world of cryptocurrency and blockchain technology, regardless of gender, skill set, or experience accrued in other sectors.
Breaking Barriers, Nurturing Talent
“In defining the blockchain paradigm..it is critical that those building up these far-reaching systems represent the diversity of our global population, explains She(256). “We wanted She(256) to be a movement that would have long-term impact on this burgeoning industry, by allowing more women to feel welcome in this space and by highlighting the work of women who are already making an impact in this field.”
There is nothing like this particular time, place, or industry that has ever existed in the past, which gives us the unique position to set a precedent. Blockchain is disruptive technology. So let’s disrupt the industry with more diversity.
How it Works
In practice, the (She)256 mentorship program will see mentors contacting their allotted student by phone or in person 1-3 times a month, augmented by emails and other communications. Participants are matched to their mentor or mentee for a period of one year initially, with the option to maintain contact thereafter. “For mentees, utilize your mentors and their industry expertise to ask questions, bounce off ideas, and seek direction. For mentors, provide guidance, learn from fresh perspectives, and serve as an anchor,” explains the website.
A number of well-known figures within the cryptocurrency space have thrown their weight behind (She)256, both in terms of promoting it and in volunteering to participate in it. There have been some dissenting voices, whose opposition seems to revolve around the belief that cryptocurrency doesn’t need diversity quotas; decentralized systems, by their nature, do not care for gender, identity, or any other characteristic that exerts sway in other spheres – they care only for the veracity delivered by cryptographic protocols, and the competency of the engineers who developed them.
Even without focusing on its appeal to “young female-identifying individuals” however, She(256)’s mentorship program is sure to help emerging talents find their feet and add value to the burgeoning cryptoconomy. And that can only be a good thing.
Do you think She(256) will help more women gain cryptocurrency careers? Let us know in the comments section below.
Images courtesy of Shutterstock, and Twitter.
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