Bitcoin and Virtual Currencies
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BitX, South Africa's Bitcoin Exchange Goes Live in Kenya & Nigeria | TechMoran

BitX, South Africa's Bitcoin Exchange Goes Live in Kenya & Nigeria | TechMoran | Bitcoin and Virtual Currencies | Scoop.it
South Africa's bitcoin software firm Switchless is expanding its BitX, bitcoin exchange rapidly across the continent with a new presence in Kenya and Nigeria.
Peter Galvin's insight:

Come on Zetacoin !! 

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Send Bitcoins Easily to Your Facebook Friends with QuickCoin

Send Bitcoins Easily to Your Facebook Friends with QuickCoin | Bitcoin and Virtual Currencies | Scoop.it

Bitcoin wallet app QuickCoin doesn’t get into the weeds about block chains, Hashcash and mining. Instead of trying to explain the back-end details of the currency it does one thing, it lets you send money quickly and easily.

 

The QuickCoin app uses Facebook Login and lets users send Bitcoins quickly and painlessly to friends and family. The service is currently in open beta. It’s browser-based and so far there are no plans for a native Android or iOS app. CEO Nathan Lands says the goal is to make an app for regular people. You just sign in, choose a friend and send them a message with the amount of Bitcoin you owe them.

 

To ease the pain of sending digital cash, there’s an option to send dollar amounts instead of Bitcoins. It’s like Venmo, but with a currency that’s not tied to a nation.

 

The CEO admits that there’s a problem paying for goods with the cyber currency. “That’s another thing we’re trying to solve, but that’s down the road,” says Lands.

 

Read more at: http://thenextweb.com/apps/2014/05/22/quickcoin-makes-sharing-bitcoin-easy-sending-facebook-message/


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The Five Biggest Threats Facing Bitcoin - CoinDesk

The Five Biggest Threats Facing Bitcoin - CoinDesk | Bitcoin and Virtual Currencies | Scoop.it


Bitcoin is a new concept edging its way into the mainstream, thus, it is not immune to negativity and unfavorable public perception.


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Apple May Introduce Promo Codes for In-App Virtual Currency, EA First to Take Advantage of This with Real Racing 3 | DualShockers

Apple May Introduce Promo Codes for In-App Virtual Currency, EA First to Take Advantage of This with Real Racing 3  |  DualShockers | Bitcoin and Virtual Currencies | Scoop.it
With the free-to-play model such a big part of the mobile gaming scene, reports indicate that Apple may begin offering offering promo codes for “in-app virtual currency,” with ...Read More
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Virtual Currency Survey - AYTM

Virtual Currency Survey - AYTM | Bitcoin and Virtual Currencies | Scoop.it
Virtual currency systems like Bitcoin have been gaining a lot of attention lately. But can such systems catch on in the mainstream?
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Why Bitcoin's Price Has Leapt 64% Since April

Why Bitcoin's Price Has Leapt 64% Since April | Bitcoin and Virtual Currencies | Scoop.it
The bitcoin price recently surged above $590, representing a 64% gain from 10th April. But why?
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This article highlights the rise in price of bitcoin in the past few weeks and suggests some possible reasons. The article ultimately concludes that this rise is due to a number of influential factors and that the combination of things such as an increase in bitcoin spending, user adoption and statements released by ebay CEO that indicate their considerations to adopt and integrate bitcoin as another payment option on their transaction pages. Its been a good week or so for bitcoin!!

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Bitcoin Trading and Bitcoins the Future of Cryptocurrency

http://www.bitcoinsahoy.com Learn what is a bitcoin and how cryptocurrencies like bitcoin can change the future of currencies. There are already all kinds of…

Via Bitcoins Ahoy
Peter Galvin's insight:

This is just another helpful video explaining bitcoin and its potential to change the world :) Iv scooped another couple of theses videos too so check out my profile to see them and the documentary clip also!!

 

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Bitcoin set to overtake PayPal in 2014 - CryptoCoinsNews

Bitcoin set to overtake PayPal in 2014 - CryptoCoinsNews | Bitcoin and Virtual Currencies | Scoop.it
The Laureate Trust has announced, via a press release to The Digital Journal, that they expect Bitcoin to pass PayPal in USD transaction volume later this year. The Trust has pointed out that Bitcoin is fast establishing itself as the currency of choice for international internet purchases and payments. Bitcoin has now reached a transaction …

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Survey Finds Silicon Valley, Wall Street Bullish on Bitcoin

Survey Finds Silicon Valley, Wall Street Bullish on Bitcoin | Bitcoin and Virtual Currencies | Scoop.it
A new survey published by the SecondMarket-owned public investment fund, Bitcoin Investment Trust (BIT), suggests that as the general public learns more about bitcoin, overall optimism about its future financial applications is likely to improve.

Via Bitcoin Quotidiano
Peter Galvin's insight:

Some interesting statistics - worth a look!!

 

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Bitcoin Set to Overtake eBay's PayPal in Transaction Volumes

Bitcoin Set to Overtake eBay's PayPal in Transaction Volumes | Bitcoin and Virtual Currencies | Scoop.it
Bitcoin records nearly $300m daily in transactions, just shy of PayPal's $315.3m.

Via Jan Miranda
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Jan Miranda's curator insight, May 24, 2014 11:03 PM

"Whenever you have an instrument that trades over 300 million US dollars a day, it must be recognized," Peter Tasca, CEO of Laureate Trust, said in a statement.

"The digital currency works, Bitcoin has greater volume transactions than Western Union and we anticipate it will overtake PayPal later this year."

 

"In the next one or two years, Bitcoin can surpass the dollar transaction volumes of other established payment companies including Discover, and even American Express, MasterCard, and Visa," said SmartMetric CEO Chaya Hendrick.

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Here are the startups currently occupying Paris' Maison du Bitcoin

Here are the startups currently occupying Paris' Maison du Bitcoin | Bitcoin and Virtual Currencies | Scoop.it
On the first floor, you’ll find an open space that will welcome cryptocurrency related startups. In the back, there is a Bitcoin ATM, and downstairs, you can take a look at a cryptocurrency mining ...

Via BitcoinBullBear
Peter Galvin's insight:

I love that this is happening !!! Exciting time ahead for business!!

 

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Bitcoin's Four Hurdles: Part One - Usability - Falkvinge on Infopolicy

Bitcoin's Four Hurdles: Part One - Usability - Falkvinge on Infopolicy | Bitcoin and Virtual Currencies | Scoop.it
Bitcoin is an amazing technology with an insane potential. But there are four things that must appear for that potential to materialize. This is the first in a series of four articles, where we address usability. Bitcoin has been quoted as being to legal tender what BitTorrent was to the copyright monopoly. I believe it […]
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New Decentralized Crowdfunding Platform Could Reshape Bitcoin Landscape

New Decentralized Crowdfunding Platform Could Reshape Bitcoin Landscape | Bitcoin and Virtual Currencies | Scoop.it
Bitcoin developer Mike Hearn opens up about his decentralized 'Lighthouse' platform.
Peter Galvin's insight:

Its all just coming together isnt it - whats it gonna be like in 5 years.. the whole idea of crowdsourcing is better when virtual currency or bitcoin is the funding source. Worth a read!!

 

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Kenyan Bitcoin remittances provider, BitPesa launches in beta | CPAfrica

Kenyan Bitcoin remittances provider, BitPesa launches in beta | CPAfrica | Bitcoin and Virtual Currencies | Scoop.it

Kenyan remittances provider, BitPesa has launched a beta version of its affordable Bitcoin remittance service for Kenyans. BitPesa’s fee will be a flat 3% and will handle transfers on both ends; users buy bitcoins on the one end and recipients receive Kenyan shillings on the other. According to the company’s CEO, Elizabeth Rossiello, “we are taking bitcoin, translating it into the local currency, and dispersing it the way people know.”

 

“Everybody has a phone,” she said. “You’re on a boat in the Indian Ocean with the fishermen, and they’re checking their text messages.” Kenya also has a higher percentage of citizens with bank accounts that most other places in Africa. “They’re way more financially knowledgeable than people give them credit for. You have to go way into the bush to find people who aren’t.”

 

According to Kenya’s Central Bank, last year, Kenyans remitted about $1.3 billion back home. In aggregate money transfer fees through services like Western Union and MoneyGram to African countries can be as high as 13% according to the World Bank. Sub Saharan Africa as a region has the world’s highest remittances costs.

 

Longterm, Rossiello sees BitPesa as being on the leading edge of a financial and technology boom in Kenya that can be helped by the open nature of digital currencies like Bitcoin. “The beauty of the system is it’s decentralized,” she said, “it makes it very easy to use the protocol.”


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Bitcoin Jumps As Apple Folds On Blocking Virtual Currencies | Zero Hedge

Bitcoin Jumps As Apple Folds On Blocking Virtual Currencies | Zero Hedge | Bitcoin and Virtual Currencies | Scoop.it
Many people are closely scrutinizing Apple’s policy changes at its Worldwide Developer Conference yesterday, as Liberty Blitzkrieg's Mike Krieger notes that many within the Bitcoin community are focused on a small recent entry within the section on...
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The Boring Bitcoin Report: May 19-26 - Forbes

The Boring Bitcoin Report: May 19-26 - Forbes | Bitcoin and Virtual Currencies | Scoop.it


Coming off the heels of the Bitcoin Foundation's 2014 conference in Amsterdam was a rally in bitcoin prices last week that's still climbing.


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How to Understand Bitcoin in Less Than 3 Minutes

How to Understand Bitcoin in Less Than 3 Minutes | Bitcoin and Virtual Currencies | Scoop.it
Bitcoin is incredibly confusing! We're here to help you understand it.

Via Greg Aurand
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Greg Aurand's curator insight, May 22, 2014 10:46 AM

1. Bitcoin, Like a Precious Metal Such as Gold, is Mined.
2. Bitcoins Can Be Spent
3. Bitcoin is Secure
That’s it!

CoinX's curator insight, May 22, 2014 8:11 PM

3 min or Less. Give it a try.

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Facebook-Integrated Wallet Makes Sending Bitcoin as Easy as Messaging

Facebook-Integrated Wallet Makes Sending Bitcoin as Easy as Messaging | Bitcoin and Virtual Currencies | Scoop.it
QuickCoin's 'social wallet' allows simple bitcoin transactions between Facebook friends.
Peter Galvin's insight:

As Bitcoin becomes easier to understand and for users to easily adopt - it is only a matter of time before Bitcoin is a mainstream currency. This article describes how Quickcoin propose to ensure that adoption is made as easy as possible for uers using a social networking model that enable users to send and receive bitcoin between friends and current contacts using facebook as the middle man. The ease of use is regarded as the key influential factor.

 

 

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BitPay Now Processing $1 Million in Bitcoin Payments Every Day

BitPay Now Processing $1 Million in Bitcoin Payments Every Day | Bitcoin and Virtual Currencies | Scoop.it
Bitcoin payments processor BitPay is now processing an average of $1m worth of bitcoin payments per day.
Peter Galvin's insight:

This article illustrates how Bitpay and coinbase are growing and have grown consicerably in the past year. Bitpay are now processing $1m of bitcoin daily and processed $110m last year. The article identifies the benefits of bitcoin processors to merchants such as  their security and comfort from volatility issues related with bitcoin. Furthermore the article goes on to demonstrate how many prominent business people such as Richard Branson and Peter Thiel - backing bitcoin company funding with record funding prices being recorded.  

 

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Basic Guide to Buying Bitcoins - Bitcoins Ahoy

Basic Guide to Buying Bitcoins - Bitcoins Ahoy | Bitcoin and Virtual Currencies | Scoop.it
There is a lot of information about bitcoins on the Internet and few people actually understand what is a bitcoin and how they can be bought and sold.

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All Things Alt: Advanced Algorithms, Maxcoin Reborn and a Second Lap for Dogecoin

All Things Alt: Advanced Algorithms, Maxcoin Reborn and a Second Lap for Dogecoin | Bitcoin and Virtual Currencies | Scoop.it
It was another strong week in the world of alternative digital currencies, as several coins saw impressive price gains while developers sparked renewed activity in some established coin communities.

Via Bitcoin Quotidiano
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Live Video - C-SPAN3 | C-SPAN

Live Video - C-SPAN3 | C-SPAN | Bitcoin and Virtual Currencies | Scoop.it

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BitPay's curator insight, November 19, 2013 2:33 PM

Tony Gallippi speaking live at the Senate hearings on #bitcoin at 3:30 EST

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Assange speaks in favour of Bitcoin - CoinBuzz

Assange speaks in favour of Bitcoin - CoinBuzz | Bitcoin and Virtual Currencies | Scoop.it
Julian Assange, the Wikileaks founder recently spoke at the Net Prophet annual technology and trends conference and said that “Bitcoin is the most intellectually interesting development in the last two years”. Assange, still in asylum at London’s Ecuadorian embassy, has reason to be dissatisfied with the current financial systems. As Wikileaks became more notorious for publishing …

Via BitcoinBullBear
Peter Galvin's insight:

Assange  highlights that the decentralised and incorruptible nature of Bitcoin is allowing for breakthroughs in the financial industry and that potentially will change the system that currently exists !! Lik to soundcloud talk by Assange at the botto of the article - quite interesting.

 

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Bitcoin Society CEO: Why Digital Currency is a Tool for Global Good

Bitcoin Society CEO: Why Digital Currency is a Tool for Global Good | Bitcoin and Virtual Currencies | Scoop.it
Matthew Kenahan tells CoinDesk about the charitable side of bitcoin and its need for a more positive image.

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Living On Bitcoin For A Week: Can't Pay The Rent

Living On Bitcoin For A Week: Can't Pay The Rent | Bitcoin and Virtual Currencies | Scoop.it
My landlord won't take Bitcoin for rent. I have to move out.
Peter Galvin's insight:

Ha Ha :) 

 

 

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