'Balanced' Integrates Bitcoin Payments for 450+ Online Marketplaces
Balanced, a San Francisco-based company that provides a payment API for online marketplaces has today announced plans to integrate bitcoin into its system. The company's co-founder and CEO Matin Tamizi told CoinDesk that its marketplaces will benefit, as Balanced takes the payments layer off their hands: "We create value by having one API and one platform to do that." The payment API has begun trialling bitcoin integration with two of its customers: CrowdTilt and Gittip. Lower fees. Tamizi confirms that the company has partnered with Coinbase to launch the effort. He added: "There's a 1%....
Related News
The online marketplace revolution. Online marketplaces are a massively popular phenomenon. Web sites, such as Amazon and eBay, have been very successful and their success translated into multi-billion-dollar capitalizations. It is known, though, that the biggest room in the world is that for improvement. They were revolutionary for their time, offering the users an unprecedented opportunity of trading almost any items across the globe. But by now it is clear that the currently leading online marketplaces are far from perfect. High fees, frequent fraudulent refunds by the sellers and....
I was reading the news this afternoon and saw this article that caught my eye. It was notable due to it dealing with Bitcoin, and its use as an investment tool. Balanced Energy, a small oil company, run by Kirk Johnson was recently told by Texas State Regulators they are not to accept Bitcoin payments. They served them with an Emergency Cease and Desist order. Balanced Energy had announced in a pitch at the Texas Bitcoin Conference that they are the first company to accept Bitcoin for exploration investments. Texas State Regulators wasted no time in telling Balanced Energy that they could....
G2A recently started accepting bitcoin, which does not allow for transaction chargebacks. Online gaming marketplaces suffer from a lot of fraudulent activity. Not too long ago, G2A was accused of facilitating a fraud-fueled economy. According to some people, the platform allows digital game keys to be bought with stolen credit cards. These purchased keys are then resold online, allowing criminals to effectively launder money. G2A has made some concessions in this regard by agreeing to a form of royalty payments. Moreover, their acceptance of Bitcoin transactions reduces the fraud risks....
The Dutch Openbaar Ministerie, their Public Prosecution Service, has leaked a document to volkskrant.nl regarding plans for Project: ITOM (Illegal Trade on Online Marketplaces). The Dutch OM will be working in conjunction with government agencies from around the world, but mostly Europe, to hinder the development of the deep web's online marketplaces, which happen to also sell drugs among other government-approved things. As many people know, a large amount of drug trafficking flows from the Netherlands through the "new Silk Road" to the rest of the world. A previous article by Volkskrant....
Nocks, an Amsterdam-based payment platform for bitcoin, has launched a browser extension called Nocks Nimble that recognizes bitcoin and Guldencoin wallet addresses. Nocks Nimble gives users the ability to send payments to these addresses from within their Chrome or Firefox browsers. Once the user integrates the browser extension into their browser, they do not need to use the Nocks website to make payments. Fast and Easy Cryptocoin Payments. Sending a payment with Nocks Nimble mostly consists of clicks, not copy pasting addresses and payment amounts into wallets. "We want to make payments....