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Industry Report: PayPal Gets Into the Bitcoin Game

Source: bitcoin

Bitcoin Industry Report

Paypal says “yes” to digital currency; content creators may find themselves getting rich; and Russia is the world’s latest cyber-attack victim. Want to catch up on your digital currency news? Take a look below and see what you’ve been missing.

Also read: Industry Report: The USPS Does Digital Currency

PAYPAL

PayPal has filed a patent for a new device that will allow for the acceptance of digital currency.

The e-payment network has long hinted at a possible relationship with bitcoin, but several weren’t sure if purchasing bitcoins through PayPal’s platform was as far as the relationship would go. Happily, this doesn’t seem to be the case.

The patent describes the application states:

“The module includes a chassis which has a modular device connector. A payment database in the chassis stores funding source information and security information.”

The patent also describes a payment card possessing a digital currency wallet, virtual memory and instructions designed to aid users in configuring their wallets with respective machines and technology, and hardware processors linked to the card.

SATOSHIPAY

Micro-transactions conglomerate SatoshiPay is releasing a new API, which can be integrated into several different websites and online platforms.

Its purpose – to give content creators a new opportunity to receive funds through nanopayments from those who visit their pages.

It’s not always easy finding revenue in the field of content creation, and SatoshiPay is aiming to change that.

CEO Meinhard Benn explained:

“We have been delighted by the response we’ve received from the developer community, and we’re excited to announce the API. Our mission is to enable developers to use SatoshiPay for any kind of digital product or service they want to implement nanopayments into. We believe this will enable us to significantly scale our reach as developers can use our system in any way they can dream. We will continue to add features frequently to support our growing ecosystems of developers and partners.”

RUSSIAN BANKS

What would digital currency news be without a hacking story? Six Russian banks (including international mega-bank Metropol), are now short nearly $30 million USD due to the efforts of what some are labeling a large hacker collective, and thus far, about 14 separate arrests have been made.

The string of attacks allegedly took place between March and April 2016 and occurred through the distribution of malware known as Lurk, a banking Trojan that has proven to be quite dangerous when in criminal hands.

This last year hasn’t been particularly kind to Russian financiers. Since mid-2015, about 18 separate incidents have occurred, resulting in approximately 3 billion rubles stolen. Authorities have made several investigations and arrested 50 individuals since that time.

Know of any stories that should be included in our weekly industry reports? Let us know by posting your comments below!


Images courtesy of almudenamilianishop.com, satoshipay.io, rferl.org.

The post Industry Report: PayPal Gets Into the Bitcoin Game appeared first on Bitcoinist.net.

Industry Report: PayPal Gets Into the Bitcoin Game

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SatoshiPay Unveils New API And Surpasses 10,000 User Wallets

Source: bitcoin

Bitcoinist_SatoshiPay

Bitcoin seems to hold a lot of merit in the world micro- and nano-transactions. SatoshiPay is one of the companies exploring this space, and they have released their new API earlier today. Additionally, the company also announced they reached the milestone of 10,000 user-generated wallets.

Also read: Bitmain’s Antminer S9 Announced at 14 th/s Using 16nm ASICs

Content creators are always looking for new ways to monetize their efforts, yet it is proving increasingly difficult to do so. The traditional business model of hosting advertisements or using Google Adsense is becoming less profitable due to ad blockers. Erecting a paywall and forcing visitors to pay for content does not seem the way to go either.

SatoshiPay And Bitcoin Nanopayments

This is where SatoshiPay is presenting an attractive opportunity for content creators. Creating new revenue streams has never been easier, and visitors can make nanopayments to show their appreciation for one’s work. The company offers an API, which can be integrated into any websites, including WordPress platforms.

SatoshiPay CEO Meinhard Benn told the media:

“We have been delighted by the response we’ve received from the developer community and we’re excited to announce the API. Our mission is to enable developers to use SatoshiPay for any kind of digital product or service they want to implement nanopayments into. We believe this will enable us to significantly scale our reach as developers can use our system in any way they can dream. We will continue to add features frequently to support our growing ecosystem of developers and partners”.

In doing so, the company provides a complete payment solution for website owners. Apps and services can be built on top of their existing infrastructure, and the technology is available to millions of developers all over the world. Moreover, enterprises can reap the benefits of this technology as well, as they can implement Bitcoin infrastructure into their existing systems.

On the other end of the scale, SatoshiPay also offers a Bitcoin wallet creation service. Users can make use of this offering to send and receive Bitcoin nanopayments in a convenient manner. Now that over 10,000 users have signed up for this service, the future of Bitcoin adoption is looking very bright.

What are your experiences with SatoshiPay so far? Let us know in the comments below!

Source: Press Release via Email

Images courtesy of SatoshiPay, Shutterstock

The post SatoshiPay Unveils New API And Surpasses 10,000 User Wallets appeared first on Bitcoinist.net.

SatoshiPay Unveils New API And Surpasses 10,000 User Wallets

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