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ChangeTip Adds Proximity Payments to Mobile App

Source: bitcoin

Proximity Payments

When it comes down to bitcoin tipping, charities and micropayments, ChangeTip is the industry leader. Recently, they announced the addition of a new feature known as proximity payments to their mobile app.

Also read: Use Bitcoin to Play the $1.3 Billion PowerBall Lottery

Will the ChangeTip proximity payments feature do any good?

For those who do not know, the ChangeTip mobile app allows anyone in possession of a Twitter of Facebook account to send and receive money from others internationally without any fees whatsoever. Based on this, ChangeTip enables users to carry out P2P payments in the form of tips, donations and gifts, both in USD and bitcoin. Users are free to add money to a ChangeTip wallet, where they are stored for future use. Usually, ChangeTip handles micropayments of a few pennies, but also donation/tips as high as $100 in either BTC or USD. Organizations can also use the app to collect donations, monetize content and distribute various rewards.

With the implementation of the proximity feature, users will now be able to broadcast their location via GPS, and see other users nearby. With this in mind, money can now be sent instantly by selecting individuals discovered nearby. The main use of this addition is that now, users can tip servers, drivers and vendors more easily, without having to ask for their credentials. This feature will undoubtedly increase adoption of the app, which in turn, will encourage more people to send money, and tip via the platform, in bitcoin, thus leading to broader bitcoin adoption.

According to Victoria van Eyk of ChangeTip, “We’re living in an increasingly cashless society, and it’s the most obvious when I go to tip a busker, leave some change in a tip jar, or attempt to donate a person in need. The ChangeTip app allows me to solve this problem just by using my mobile phone.”

At this moment in time, the newest version of the app, with the proximity feature added in, is available exclusively on the App Store, for free.

What do you think about the ChangeTip app? How often do you find yourself using it? Let us know in the comments below!

Image courtesy of ChangeTip

The post ChangeTip Adds Proximity Payments to Mobile App appeared first on Bitcoinist.net.

ChangeTip Adds Proximity Payments to Mobile App

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2015: The Year Nasdaq Met The Blockchain

Source: bitcoin


2015 ended with big news on the Bitcoin front. The Bitcoin company Chain used the Nasdaq Linq platform to “digitally represent” a record of ownership on a private blockchain. Nasdaq had announced its debut blockchain platform in May.

Also read: Nasdaq Partnership with Chain Marks a New Trend 

In October, Nasdaq announced its initial private clients for its blockchain platform: Chain.com, ChangeTip, PeerNova, Synack, Tango and Vera. Nasdaq also unveiled its first-ever demonstration of blockchain technology at the Money 20/20 event in Las Vegas.

“The first platform of its kind, Nasdaq Linq is a digital ledger technology that leverages a blockchain to facilitate the issuance, cataloging and recording of transfers of shares of privately-held companies on The NASDAQ Private Market,” the company stated in October. “It will complement ExactEquity, NASDAQ Private Market’s cloud-based capitalization table management and stock plan administration solution.”

The purpose of Nasdaq Linq is to provide clients with an accurate and detailed historical record of securities issuance and transfers.

“We are extremely encouraged by the initial demand for Nasdaq Linq from these innovative, first-mover companies, and the validation it represents of our application of blockchain technology,” said CEO of Nasdaq, Bob Greifeld, at the time. “Blockchain applied to the private market is innovation built on top of innovation, and carries with it the opportunity to forever alter the future of financial services infrastructure.” During 2015, Nasdaq also looked to manage proxy voting with blockchain technology in Estonia.

Throughout the year, the company partnered with some of the leaders of the Bitcoin industry. Chain.com leads blockchain infrastructure services for financial institutions and enterprises. ChangeTip enables people to tip other people online using Bitcoin. PeerNova allows cryptographic ledgers and data solutions inspired by the blockchain. Synack is a cyber security company built on their patented Crowd Security Intelligence™ model. TangoMe, Inc. is a free mobile messaging app with over 300 million registered members. Vera, a “first-of-its-kind”, allows businesses to secure and track digital information across platforms and devices.

The company partnered with Chain and Changetip to design a Nasdaq-created private blockchain platform.

“We believe this successful transaction marks a major advance in the global financial sector and represents a seminal moment in the application of the blockchain technology,” Nasdaq CEO Bob Greifeld said.

A leading provider of trading, clearing, exchange technology, listing, information and public company services on six continents, there’s no doubt that Nasdaq represents one of the biggest players in the Bitcoin industry. Nasdaq houses over 3,600 listed companies with a market value of about $8.8 trillion.

Before Nasdaq had announced its plans to adopt blockchain technology, Bitconist.net theorized how the technology could fuel Wall Street.

What do you think about this latest development from Nasdaq? Let us know in the comments below!

Images courtesy of Nasdaq

The post 2015: The Year Nasdaq Met The Blockchain appeared first on Bitcoinist.net.

2015: The Year Nasdaq Met The Blockchain