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Takeaway.com Bitcoin Acceptance Opens Crypto Food Orders To Millions

· July 9, 2017 · 2:30 pm

Hundreds of millions of potential online food portal customers can now pay their orders with Bitcoin following some major European partnerships.

Bitcoin Food Ordering Comes To Mainland Europe

Last week saw Germany’s largest portal Lieferando add the virtual currency, news which followed a similar announcement from Poland’s leader Pyszne and others.

The outlets are owned by Amsterdam-based parent company Takeaway.com, which operates in markets throughout the world and serves 8.9 million customers.

The websites function as a one-stop shop for various takeouts and restaurants, allowing customers to order from anywhere via the same gateway. Users also benefit from discounts and loyalty schemes not available from restaurants themselves.

Lieferando unveiled the Bitcoin addition in a circular to customers Wednesday as part of a range of updates to its product. Bitcoin payments now appear alongside extant payment options on the website’s order page.

In future, the service will also add the option to its app. Other updates included multilingual ordering and menu interfaces and improvements to delivery time estimates.

Ordering Food w/ Bitcoin

Bitcoin Orders Get Effective 6% Discount

According to Takeaway.com’s website, Bitcoin payment is now available in all its European markets, in many of which its service is the most popular in an increasingly competitive sector.

Interestingly, Bitcoin payments were previously available for users of the service’s UK operation as far back as 2013, but the entire branch was shut down in August last year.

The benefits to customers in all regions meanwhile are obvious at a glance: the hefty 6% order fee applied to PayPal and credit card payments does not apply to Bitcoin, which is free.

In doing so, Takeaway.com follows in the footsteps of other European companies experimenting with Bitcoin earlier, such as Latvia’s airline Air Baltic, which waives its booking fee for Bitcoin customers.

Alza Offers Bitcoin Teslas

…While Alza Offers Bitcoin Teslas

While Air Baltic has dealt in Bitcoin for several years, 2017 has seen more prominent commitments from European retail giants.

In May, Europe’s Czech-headquartered answer to Amazon, Alza, also implemented Bitcoin payments across its multinational order platform in a move its head of internet marketing said was befitting of the capital Prague’s status as a crypto mecca.

Alza’s head of internet marketing, Jan Sadilek, told local news portal, Lupa:

Prague is already one of the most important hubs for Bitcoin in Europe today. […] By adding Bitcoin trading we’re showing support for this form of payment becoming more popular and for the potential this technology holds.

Among its almost infinite range of products, Alza offers hardware wallets and even a Tesla, all available for purchase with Bitcoin.

What do you think about Takeaway.com adding Bitcoin? Have you tried it out? Let us know in the comments below!

Images courtesy of Pexels, Lieferando, Alza

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ECB Executive Places Europe As Leader In Blockchain Technology

Source: bitcoin


The European Central Bank is engaged in “experimental work” on blockchain technology. As some banks have warned, the technology is still too new to know what real world uses it has. But, according to an ECB executive board member on Monday, the central bank is researching how the technology could apply to modern financial systems. 

Also Read: Bitcoin Prices Inches Towards $470. Will $500 Be Next? 

Member of the Executive Board of the ECB, Yves Merch, confirmed the ECB is investigating blockchain technology and how it could be adopted by the euro zone’s central banks.

ECB Believes Their Future Might Be Blockchained

“From a central bank perspective, in the context of our strategic reflections on the future of the Eurosystem’s market infrastructures, we are certainly open to new technologies and, like many market players, have launched some experimental work with DLT,” Mersch said. “It is clear that we have a lot of more thinking to do on DLT-related questions and their policy implications.”

He explains that the central bank is in the midst of researching possible technologies to change the future of central banking. Mersch said that blockchain technologies are “one of several possibilities” the central banking system could adopt. Blockchain-inspired technology could lead to “lower costs and a more resilient and legally sound market infrastructure.”

He cautioned: ”But even if, ultimately, DLT emerged as technically superior in terms of safety and efficiency, we will also have to reflect on the wider implications of the use of this technology for the role of central bank money.”

The blockchain technology became a focal point in 2015, overshadowing the Bitcoin technology which had been shrouded in controversy a la the bankrupt Bitcoin exchange, Mt. Gox, and darknet marketplace, Silk Road.

Currently, through partnerships like R3 CEV, some of the largest banks in the world are researching blockchain technology, in particular with Ethereum, an alternative blockchain from Bitcoin.

The Bank for International Settlements, and Santander bank, have posited that blockchain technology could make banking more efficient and less expensive. Many technologists say the blockchain has implications for industries outside of the financial industry.

“The possibility for financial intermediaries and market infrastructures to share a distributed ledger – i.e. a decentralised common database – is something unprecedented,” Mersch said. “It has the potential to advantage some actors, by lowering back-office costs and collateral or capital requirements. At the same time, it may possibly disintermediate or even make redundant some market actors that do not provide core functions.” He implies that a move to blockchain-inspired technology could mean central bank’s have their own, private crypto-currency on a private distributed ledger. 

Bringing our Eurosystem market infrastructures on DLT automatically means bringing central bank money on DLT,” he said. “This may have implications on the central bank functions which go beyond the operational and technical sphere. It is therefore important to structure the discussion along the lines of who could access the central bank ledger.”

He added: “It is clear that we have a lot of more thinking to do on DLT-related questions and their policy implications. Before wielding the hammer we have to make sure that we have a strong anvil.”

No Blockchain-Specific Regulations For Now

EU lawmakers decided recently they would not yet regulate blockchain technology. “We don’t want pre-emptive regulation, but we do want precautionary monitoring,” Jakob von Weizsaecker, a German center-left member of the European Parliament, informed Reuters.

The regulators claimed they did not want to stifle innovation in financial technology. “One reason why regulating now in detail would be difficult is that we don’t know yet what the most important use of blockchain might be,” von Weizsaecker said.

BitStamp’s history paints a portrait that regulators also believe they already have the regulations necessary to keep an eye on Bitcoin. That exchange recently received a license from Luxembourg to operate as a money transmitter. 

The report is not held as law. It requests the European Commission to monitor blockchain and fintech developments.

Andrew Hauser, BoE executive director for payments, said last week the authorities had to keep abreast of blockchain.

“Central banks can’t afford to be Ubered,”Andrew Hauser, BoE executive director for payments, Andrew Hauser quipped of the EU lawmakers to not spell out further details.

This, coupled by the European Central Bank and BitStamp’s transmission license, spells an optimistic future for blockchain technologies. Bitcoin could benefit from the good news in the general blockchain industry. A block reward halving in the not so distant future – July 10 more or less – the case is being made for a bullish second half for the digital currency.

What do you think about the ECB’s statements on blockchain technology? Let us know in the comments below!

The post ECB Executive Places Europe As Leader In Blockchain Technology appeared first on Bitcoinist.net.

ECB Executive Places Europe As Leader In Blockchain Technology

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Bitcoin Company Bitwage Releases Bitwage Payroll for Individuals in Europe

Source: bitcoin

Bitcoin Company Bitwage Releases Bitwage Payroll for Individuals in Europe

April 13, 2016 – Receiving wage payments should be easy, and we at Bitwage think living in this new digital world–in which earning a wage is an integral part—everything should be a fast, transparent, seamless, and secure experience.

That’s why we have been continuously working to make Bitwage more accessible to all of our users. As you may already know, our Bitwage Payroll services for Individuals (BPI) enables anyone, whether you are an employee or an independent contractor, to receive wages through our service without your employer or client signing up.

Given the success of our Wage Payments platform in the US and abroad, we wanted to illustrate how easy international & domestic wage payments could be in Europe by offering our service to individuals. This is why we are excited to announce the launch of our Bitwage Payroll service for Individuals (BPI) in Europe. Now, you can accept Euro wages through European bank accounts provided to you by Bitwage while living anywhere in the world.

Disclaimer: This is a press release. Bitcoinist is not responsible for the products and/or services of these firms.

Also read: Exclusive Interview with Bitwage President and Founder Jonathan Chester

Bitwage Payroll for Individuals

BPI allows individuals to receive their wage in a variety of outputs including Euros, Gold, Silver, Bitcoin, 20+ other national currencies or even a Euro denominated debit card with as fast as same or next day payout speed. BPI is compatible with any existing payroll systems like Intuit, ADP, Bill.com, Gusto, TriNet and freelance marketplaces like Upwork. Users can even track their funds like fedex packages, knowing when the funds were sent and where they are during transmission.

This is why employees from Google, Airbnb, Facebook, the World Health Organization, and Uber are receiving their salary through Bitwage. Users can select if they want to receive part or all of their wage through Bitwage and manage their account through our Android, iOS or web application.

With BPI, receiving international contractor payments is as easy as receiving a domestic transfer. Here is how it works:

  • We give you a US or EU bank account number depending on your client/employer’s location.
  • You invoice your client/employer using that bank account information (tell your employer or payroll provider to send any percentage of your payroll to that account).
    You get Digital or Local Currency on the Next Day after Deposit.
  • Isn’t that simple?

By using Bitwage Payroll for Individuals to accept the payments in the EU, you are reducing costs for both you and your employer, and having whatever asset(s) you choose sent straight to your digital wallet, debit card, or bank account.

“Bitwage is the best option since it doesn’t require the client to create any kind of account, they can simply pay it using Wire or ACH as they’ve been done their entire life. The process is also really quick since it takes about just 2 business days to make the payment appear in my account. The fact that you guys don’t put an initial transfer limit value is really a huge upside specially when it comes to companies that usually need to handle big amounts of money.” – Cheesecake Labs

As we introduce BPI to Europe, we will initially be keeping BPI and Automatic Zero-Click Payrolls with zero fees. Although, charges may apply for features such as non-automatic payrolls with Wire as well as 1099 Filings.

“In 2015, the European Union had a higher GDP than the United States. With our launch in the European Union, contractors and freelancers all over the world will have a much easier way to receive their wages abroad from one of the largest economic zones in the world. All without the friction involved in trying to convince clients to change their payment solutions.” – Jonathan Chester, Founder, and President

About Bitwage
Bitwage combines cloud, mobile and blockchain technology to make international payments faster and simple. The average cost of paying employees, freelancers and contractors across borders is 5 days and 8%. With Bitwage, wage payments can be as fast as same day and as low as 1%. Companies can use Bitwage to payout their global workforces through our app without requiring to load funds prior. Contractors and freelancers can sign up to our invoicing service with frictionless client on-boarding. Bitwage was founded in 2014 by a team of ex-Oracle employees and has processed millions of dollars of payrolls since then.

Media Contact:
Jonathan Chester
Bitwage Inc
3260 19th St
San Francisco, CA 94110, USA
+1 650-204-0314

The post Bitcoin Company Bitwage Releases Bitwage Payroll for Individuals in Europe appeared first on Bitcoinist.net.

Bitcoin Company Bitwage Releases Bitwage Payroll for Individuals in Europe