Čvc 10

Price Report: Bitcoin is Dominating Argentina

Source: bitcoin

Argentina

Another small rise is in the books. Following a drop to $639, the price of bitcoin has jumped up to about $645 at press time.

Also read: Pounds vs Yen: The Battle Over Bitcoin Rages On

At first glance, this appears to be a meaningless rise. Just a few dollars, nothing to scream and shout about, but considering the circumstances surrounding the halving that has now officially taken place, the results are something to celebrate.

The price of bitcoin fell about 5 percent at midday on Saturday, slumping to the $620 range. This drop was only temporary, though, as just a few hours later the price rose by an additional $20, causing everyone to breathe a deep sigh of relief.

Following the first Bitcoin halving about four years ago in 2012, the price of a single coin dramatically increased. We’re likely to witness a similar spike in the coming weeks, granted these results repeat themselves.

“The impact of the halving isn’t based on size, it’s based on marginal profitability,” explains Erik Voorhees of Shapeshift.io.

But some aren’t looking at the halving as an influence at all, believing action in countries like Argentina could lead the digital currency towards a particularly impressive jump. This is where a few unusual situations come in.

Bitcoin Saves the Day in Argentina

In Buenos Aires, the capital city of Argentina, growing “dial-a-ride” service Uber is facing opposition for allegedly operating without permits or tax-identification numbers. Lawsuits from taxi companies are popping up regularly, and credit card companies have blocked Uber payments. Even city officials are taking a stance.

So what’s Uber done? Wanting to stay in business, the ride-sharing service has turned to bitcoin company Xapo, where it has found security in a bitcoin-funded debit card that customers can use to purchase rides. The card is not used locally; rather, transactions occur out of Gibraltar, an area that doesn’t oversee or block Uber payments. Xapo head Anni Rautio says the process of obtaining a card is easy, and the company has already witnessed several customer requests:

“All they have to do is set up their Xapo and receive it at home, and it’s ready to use… This is a very specific situation with a very specific problem and a very specific solution… Since last week, all Uber users in Argentina have been able to use their Xapo bitcoin debit cards to pay for their Uber rides… This is a win for all local Uber users and drivers, and for Uber as a company, as they are able to continue operations in Argentina through Xapo’s debit card.”

So in its fight to garner financial independence for users, it would appear that bitcoin has chalked up another valiant win.

Do you foresee another massive rise? Post your thoughts and comments below!


 

Images courtesy of Uber, Wikimedia Commons.

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Price Report: Bitcoin is Dominating Argentina

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Úno 17

Multi-sig Wallet BitGo Integrates with ShapeShift.io API

Source: bitcoin

Multi-sig

SWITZERLAND, Feb 17, 2016 – ShapeShift.io, an instant Bitcoin and blockchain exchange service, has been integrated into the multi-sig Bitcoin wallet, BitGo. The ShapeShift API integration allows BitGo wallet users to send or receive all leading cryptocurrencies without leaving the wallet.

Disclaimer: This is a press release. Bitcoinist is not responsible for these companies’ products and/or services.

Multi-Sig Wallet for Altcoin Exchange

 

“We’re constantly impressed with the ShapeShift product for its speed and ease of use,” said BitGo CEO Mike Belshe, “BitGo customers can now instantly transfer their Bitcoin into any alt-currency with just a few clicks!”

See how BitGo works with ShapeShift in this quick video:

The relationship between the companies has continued to strengthen. ShapeShift previously integrated BitGo’s “Instant” feature to enable zero-confirm transactions from BitGo wallet users to ShapeShift.

Developed primarily as an API platform, ShapeShift has been integrated into over 45 partner services throughout the blockchain industry.

For businesses interested in learning more about ShapeShift API integration, please contact emily@shapeshift.io.

About ShapeShift.io

ShapeShift is how digital asset exchange should work. From start to finish users can convert digital currencies in seconds, with no account required. No emails or passwords. No lengthy sign­up process. No accounts. No bid and ask orders. No friction. ShapeShift’s goal is to be the fastest, safest, and most convenient way to trade digital assets. See more at:

About BitGo

BitGo is the leader in Bitcoin security and a pioneer of multi-signature technology. The company offers BitGo Enterprise, an enterprise-grade, multi-sig, multi-user Bitcoin wallet, and BitGo Platform API, a robust set of tools and services to access the underlying platform. BitGo recently announced handling of $1 billion of Bitcoin transactions per quarter. The company was founded by veterans in online security, digital currency, and financial technology, and has raised more than $14 million in financing to date. Learn more at www.bitgo.com.

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Multi-sig Wallet BitGo Integrates with ShapeShift.io API

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