Kvě 31

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

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SatoshiPay Unveils New API And Surpasses 10,000 User Wallets

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Kvě 17

BitHope Foundation Partners With Counterparty For HOPECOIN Token

Source: bitcoin

Bitcoinist_Counterparty

The BitHope Foundation has partnered with Counterparty, which means the charitable organisation has created their token. HOPECOIN, as this token is called, will be sent to anyone who makes a donation through the IndieSquare button.

Also read: Bitland Puts Land Titles on the Blockchain in Ghana

Introducing The HOPECOIN Token Through Counterparty

Most cryptocurrency enthusiasts will have heard of the Counterparty platform before, as it stores extra data in standard Bitcoin transactions. As a result, every Counterparty transactions is a Bitcoin transaction in a smaller size. Transactions on this network are verified by Bitcoin miners and are recorded on the Bitcoin blockchain.

This concept has caught the attention of the BitHope Foundation, as they partnered with the Counterparty team to create their token on the platform. HOPECOIN, as this initiative is called, is a new token which will be issued to anyone who makes a financial contribution to this charitable organisation.

However, there is one requirement, as users have to use the BitHope IndieSquare payment button to receive the tokens. Given the multi-purpose wallet nature of IndieSquare and the fact they are the world’s first Counterparty wallet built for mobile devices, this partnership can bring a lot of positive attention to all parties involved in this partnership.

To put this token into perspective, every Bitcoin donation worth US$1 will reward the contributor with 50 HOPECOINS. While these new tokens have no intrinsic value as of yet, they can be exchanged for goods and services in the future. BitHope Foundation hopes other projects will utilise the Counterparty platform in the future, and offer their goods and services in exchange for these tokens.

For users who have never used the IndieSquare wallet before, it is important to note the user is in full control of their wallet at any given time. During the signup process, there is a 12-word seed that needs to be written down by the user, as they are the only ones who have access to the funds. No other party will ever access one’s funds.

Will you donate to BitHope Foundation to experiment with HOPECOINS on Counterparty? Let us know in the comments below!

Source; Bithope

Images courtesy of BitHope, Counterparty

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BitHope Foundation Partners With Counterparty For HOPECOIN Token

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Bře 31

Cashila Announces Convenient Buy and Sell Feature For Ethereum

Source: bitcoin

Bitcoinist_Digital Currency

There seems to be no love lost between central banks and companies active in the world of Bitcoin and blockchain technology. But at the same time, Cashila is the world’s first Bitcoin payment processor with a license by a Central Bank, showing there is a way to bridge the gap between both sides of the financial sector. The new service offered by this company lets users buy, sell, and store Ethereum in a quick and convenient way.  

Also read: Wheel of Doge Allows Players to Use Any Coin Through ShapeShift

Cashila Ventures Into The Ethereum World

It is not uncommon to see existing Bitcoin platforms explore the Ethereum side of things as well since there is a lot of revenue to be made from doing so. Various Bitcoin exchanges offer consumers a way to easily buy and sell Ether, the token of the Ethereum protocol. Kraken, Bitfinex, Coincheck, and Korbit are just a few of the platforms to have done so in the past year.

But when it comes to payment processors, there does not seem to be any indication of them looking to embrace Ethereum soon. Cashila is the first one to do, and they have big plans for expanding their service in the next few weeks. Right now, the company is best-known for enabling users to make daily payments – or direct wire transfers – to anyone in the European Union by using Bitcoin. Moreover, users can receive Bitcoin or payments denominated in EUR to their online Cashila wallet.

But ever since the Ethereum developers released Homestead, there has been growing internal talk about the addition of Ether to the Cashila platform. Although it remains unclear whether or not this new service will be a standalone platform or just a part of the current services, the plan is to let Cashila users exchange between EUR and Ether on-the-go. In return, this should bring additional liquidity to both markets.

Cashila Co-founder Jani Valjavec stated:

“Buying Ether is currently too hard for an average person. That’s why we’re building the easiest possible way for one to buy and securely store Ether.”

To make the process of buying and selling Ethereum a lot more convenient for users, the company has been actively developing a new unnamed service. Although the name remains unknown for now, we do know the new service will let users buy and sell Ether with just one click, at a fixed price.

Additionally, the new service will support both the ETH and EUR wallet, allowing for quick conversions between both types of currency. Last but not least, it will be possible for EU customers to deposit and withdraw funds through SEPA, assuming one live sin any of the countries supporting this payment method.

Low Costs And No Verification Needed

One of the biggest drawbacks for novice users is how they have to go through a thorough verification procedure before being able to buy Ethereum on most exchanges. Cashila is taking a different approach, as users will not need to provide any documentation to verify their identity. However, there will be an EUR 1,000 trading limit in place, which can be lifted by submitting the necessary documents.

Most convenient exchange solutions charge – sometimes rather high – fees for that particular service, but Cashila wants to keep the costs a slow as possible. Based on the information we have received, there will be a 1% fee applied to trades, and conversions to SEPA can be done any working day. Moreover, storing ETH can be done through the secure online wallet, which will support 2FA for all the key actions.

What are your thoughts on this new service announcement by Cashila? Are you looking forward to giving it a try? Let us know in the comments below!

Source: Press Release Via Email

Images courtesy of Cashila, Ethereum, Shutterstock

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Úno 26

Coinbase is ‘Building a Retail Exchange’ Not a Wallet

Source: bitcoin

Coinbase is ‘Building a Retail Exchange’ Not a Wallet

The San Francisco-based Bitcoin exchange CEO Brian Armstrong recently wrote a Medium blog post called “Coinbase is Not a Wallet.” Armstrong believes some customers are confused about the company thinking of it as this type of service. In the beginning, the business originally set out to be a wallet service but over time has become a “regulated exchange.”

Also read: Bitcoinist Jobs: Accepting Applications For Sales Manager

“We set out to build a bitcoin wallet, but it turns out we were building a retail exchange.”— Brian Armstrong, CEO Coinbase

Coinbase Is a Regulated Exchange ‘Not a Wallet’

Armstrong is concerned that “hybrid wallet/exchanges” such as Coinbase and others have caused confusion within the industry. Lots of exchanges not only enable the purchasing and selling of the digital currency but also have a wallet within the exchange architecture. Currently, Armstrong’s company has 80% of its customer base using the service to purchase and sell Bitcoin. 20% of users are using it for day-to-day wallet transactions and storage. The Coinbase CEO says there is a strong difference between these types of services. Armstrong states in the blog, “I feel like a lot of confusion and anger has been voiced by customers who thought they were using us as a wallet, and didn’t realize they were using a (regulated) exchange. I want to make it perfectly clear going forward that Coinbase will focus on being an exchange.”

Retail exchanges are an easy way to convert government issued fiat in and out of Bitcoin says, Armstrong. This means less privacy and building relationships with “banks and regulators,” and wallets are meant for individual privacy. Armstrong explains, “they want to use all sorts of innovative apps that are emerging in bitcoin. Often they want privacy. And the way you’d measure success in a wallet is probably by the number of transactions sent per day.”

The company knows its service is a popular method of storage. Coinbase says it stores nearly 10% of all Bitcoin in circulation between its multi-sig vaults, and company controlled cold storage. Armstrong says that security is a top priority for the business and people will continue to use it as a wallet. However, he believes the 80/20% numbers in about five years could be “inverted.” This is why over the next year the CEO says Coinbase will be changing its focus. Armstrong says this entails:

  • We will add as many payment methods as possible to make it convenient for people to get their money into and out of bitcoin all over the world. I think this will be an incredible force for good in the bitcoin ecosystem to help it grow.
  • We will continue to be a regulated business and proactively work with governments, banks, and regulators around the world to educate them about bitcoin.
  • We will continue to comply with financial services laws, and our customers should expect as much. You will not be anonymous if you decide to use Coinbase.

Not that this news should come as a surprise to hardcore Bitcoin enthusiasts, but it does solidify the Coinbase company interests and goals within the industry. Users should understand that using the service will not be anonymous and will be regulated through government policies. Other cryptocurrency solution exchanges may not feel the same way and may want to cover both aspects of buying/selling with day-to-day wallet use as well. Coinbase is making its stance quite clear and wants people to understand exactly what they are.

What do you think about Brian Armstrong saying Coinbase is not a wallet? Let us know in the comments below.


Images courtesy of Shutterstock, the Coinbase Website, and Wiki Commons

 

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Coinbase is ‘Building a Retail Exchange’ Not a Wallet

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Úno 04

Armory to CEO to Step Down After Years of Bitcoin Development

Source: bitcoin

Armory

Armory Technologies Inc. will be changing leadership soon. This announcement was made on the bitcointalk.org forum today by Armory CEO Alan Reiner. Armory Technologies, founded in 2011 by Reiner, Developed the Armory wallet, an open-source bitcoin wallet with security features like multisig and cold storage very early in Bitcoin’s development. Other security implementations like PGP signing of their packages instead of using the less secure md5 hash system made Armory one of the most secure open-source bitcoin wallets available. Failure of their enterprise offerings has brought the company down, however.

Also Read: Six Ethereum Projects and its Five Competitors

Armory Mismanaged, Says Reiner

Reiner cites mismanagement and legal entanglements as the primary cause of this turn of events:

“Ultimately, Armory as a business was not managed well. We didn’t raise money when we should have, and the Bitcoin space was not ready for the tech we produced (rather, the business economics didn’t match up, yet). There hasn’t been much public activity from us, because we were primarily focused on building a suite of enterprise security tools out of public view. These tools were impressive, but most of our target market was still in the exploratory phase and interested in proof-of-concepts, not actually holding $500M. Not yet. We couldn’t make up for our missed opportunities to raise money to keep moving towards our vision.

Along the way, we accumulated a mess of legal and corporate complexity that has made it difficult to do anything constructive with Armory’s intellectual property. These complexities make it risky for me to continue development, even if the money was there to pay me a salary. It has also made it difficult to be acquired by another company that shares my vision, that could provide funding to see its execution.”

Wallet Development Continues

He also expresses relief to “return to the life of being a software guru.” stating his core competencies lie outside of business management. Luckily, the wallet remains available due to it’s open licensing, and according to Reiner, will have a member of the original team actively maintaining it:

“In the immediate future, Farhod (Goatpig) has indicated that he will take over the reigns of the public side of the Armory project.”

With the enterprise solutions and company supporting it undergoing changes, we may see development fall off regardless, depending on how the community transition is handled. Reiner leaves us with the possibility of a future revival, despite the setbacks that led to Armory Technologies’ current situation. Hopefully, the maintainer from Armory will expand the wallet software’s write access to the FOSS community. Otherwise the original specification will likely die. Of course, a community fork could always arise.

What are your thoughts on the problems at Armory Technologies? Let us know in the comments!


Images courtesy of Armory Technologies, Github

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Armory to CEO to Step Down After Years of Bitcoin Development

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