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Hostility between the US and Iran has been on the rise of late, and a new announcement out of Tehran about uranium is likely going to make things worse. On Monday, an Iranian nuclear official said the country is increasing its enrichment of low-grade uranium and will exceed stockpile limits…
Slovenia has a population of just 2 million but contains more retail locations accepting bitcoin cash payments than the entire United States. What makes this small country such a cryptocurrency adoption leader? Watch the following video to find out.
Slovenia: The Crypto Country
A short new documentary on Bitcoin.com’s Youtube channel highlights the thriving cryptocurrency ecosystem in Slovenia. The video features some of the places where you can pay with bitcoin cash (BCH), different Slovenian startups developing technologies for the market, as well as Roger Ver going shopping to test out the country’s now famous crypto-friendly locales.
One of the major factors in making Slovenia an international cryptocurrency adoption hub is its welcoming regulatory attitude. The documentary shows that not only is the possession of digital assets legal in Slovenia, but capital income from trading cryptocurrency is not subject to income tax for individuals.
In addition, the country’s political leadership is open and receptive to innovation, as shown in the video by the former Prime Minister Miro Cerar. All this makes the country particularly attractive to entrepreneurs in the growing digital asset industry.
Solving the Enigma
According to the documentary, the single biggest reason hundreds of Slovenian retail locations have begun accepting cryptocurrency payments is Eligma. This is the startup that developed Elipay, a transaction processing system that enables in-shop mobile purchases with BCH, BTC, ETH and its own ELI token.
The prime example of this comes from a giant shopping center called BTC City, in the Slovenian capital of Ljubljana, where many of the stores now accept cryptocurrency payments through the Elipay system. It shows that there is a growing trend for actual usage in Slovenia, as the number of Elipay wallet users already exceeds 15,000. The video also mentions that the Elipay system now accepts payments from the Bitcoin.com Wallet app, allowing the owners of the more than 4 million user-generated wallets to make in-store purchases in supporting locations.
What do you think about Slovenia being such a cryptocurrency adoption leader? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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The post What Makes Slovenia a Cryptocurrency Adoption Leader – Bitcoin.com Mini-Documentary appeared first on Bitcoin News.
The man accused of shooting David Ortiz now says the baseball star wasn’t the intended target. “It wasn’t supposed to be David,” said Rolfi Ferreira Cruz, speaking to reporters in Spanish from his jail cell in the Dominican Republic, per TMZ . The 25-year-old did not say who the intended target…
There were emotional scenes at the Capitol in Albany Thursday as New York state lawmakers narrowly voted to end religious exemptions for vaccinations. Hundreds of opponents, many of them with young children, shouted from the gallery as lawmakers in the Assembly voted 77 to 53 to pass the bill, which…
Radiohead says a trove of unreleased music has been stolen for ransom. But instead of paying up to stop the music from being released, the band will release it in support of environmental activist group Extinction Rebellion, the AP reports. Guitarist Jonny Greenwood tweeted that about 18 hours of material…
Hadestown , the brooding musical about the underworld, had a heavenly night at the Tony Awards, winning eight trophies Sunday, including best new musical and handing a rare win for a female director of a musical. Playwright Jez Butterworth’s The Ferryman was crowned best play. In the four lead actor and…
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
SINGAPORE, 10 June 2019 – Sparrow, the Singapore-based options trading platform has launched its revolutionary platform which empowers institutions and individuals to trade options that are settled by smart contract. Sparrow offers a simple and secure way for traders to control risk in the volatile digital asset market and monetize their assets.
With its full-featured and highly-liquid options trading platform, Sparrow aims to bring professional trading tools to everyone. Users can trade customized European options with no counterparty risk, and instantly convert over 25 trading pairs at zero cost with Sparrow’s ConvertNOW Facility.
Kenneth Yeo, CEO of Sparrow said “We understand the challenges all traders face while trading digital assets. Options used to be an instrument only professionals could use. With the launch of Sparrow, everyone can use options. We built Sparrow to make trading options simple, secure and accessible.”
In just three simple steps, users can start trading with Sparrow’s option products – TradeBOOST and TradePROTECT. Sparrow also provides high-performance trading tools and hedging solutions for professional and institutional traders through a global liquidity book, trading APIs, and a full options order book.
Sparrow Options are settled on Ethereum smart contracts and deployed onto a Proof of Authority chain called Nidus.Through a hybrid off-chain on-chain approach, traders enjoy a seamless trading experience with a responsive and updated order book, coupled with transparent and automated settlement of digital assets options.
Kenneth added, “Sparrow has managed to transform a traditionally complex and illiquid trading instrument, bringing options trading to the mass market. Sparrow Options are more liquid than OTC options and more customizable than standardized contracts, enabling traders to enjoy the best of both worlds.”
To serve a diverse ecosystem, the Sparrow Dollar (SP$ ) is used as the settlement currency of the Sparrow platform. The Sparrow Dollar aggregates demand across various tokens, enabling greater liquidity for each option pair, thus allowing traders to settle contracts more easily with a commonly denominated settlement currency. Sparrow Dollars can be obtained from the ConvertNOW Facility on the Sparrow platform.
Sparrow charges a transaction fee of 0.1 percent of the contract notional value payable in Bitcoin, Ethereum or Sparrow Tokens (SPO). Users can enjoy a 50 percent discount on transaction fees if they pay using Sparrow Tokens (SPO).
We care deeply about the security of our users and their assets. We have partnered with BitGo, one of the most reputable and trusted custodians in the digital asset space to ensure that our users’ assets are kept secure.
“Sparrow would like to thank our valued partners and communities for their unwavering support. We look forward to introducing more innovative products and services to the digital assets market that enable everyone to trade with confidence.”
Sparrow | www.sparrowexchange.com is the leading options trading platform, providing the simplest way to control risk and monetize your digital assets. Trade with confidence on the world’s best options trading platform powered by smart contracts.
Headquartered in Singapore, Sparrow offers fully-customizable options settled by smart contract in an intuitive and easy-to-use trading interface. Professional traders will also be able to use Sparrow APIs for maximum performance. Sparrow aims to serve the needs of all traders by providing a wide range of industry-leading trading tools.
Sparrow is backed by renowned organizations such as: Signum Capital, Hyperchain Capital, Kyber Network, LuneX Ventures, Arrington XRP Capital, Digital Currency Holdings, Du Capital, The Yozma Group, QCP Capital, 256 Ventures and Jubilee Capital who firmly believe in the project and have committed to use Sparrow as their preferred hedging partner.
Join us on Telegram:https://t.me/SparrowExchange
Sparrow welcomes interview opportunities – feel free to drop us an email if you’re interested!
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.
The post PR: Sparrow Makes Trading Options Simple and Secure appeared first on Bitcoin News.
Federal regulators voted Thursday to give phone companies the right to block unwanted calls without getting customers’ permission first, the AP reports. The Federal Communications Commission’s move could make call-blocking widespread and help consumers dodge annoying robocalls, which have exploded into a problem that pesters Americans on the level of…
Beverly Hills has become the first US city to end most tobacco sales. The City Council on Tuesday unanimously voted to snuff out sales of cigarettes, cigars, e-cigarettes, and other tobacco products beginning in 2021. The ban covers sales at gas stations and pharmacies as well as convenience and grocery…
Kevin Spacey unexpectedly showed up in a Nantucket courtroom Monday for a pre-trial hearing in the groping case against the actor , a surprise considering the 59-year-old actor was not required to attend the hearing and has generally tried to avoid appearing at the courthouse. Spacey’s lawyer asked for access to…