The Social Wallet: Global Financial Services with No Fees for Life
Many companies have claimed to revolutionize our wallets as we know them today, and The Social Wallet is no different in that regard. But this financial services platform is positioning itself not just as an app, but a movement based on the principle of paying no fees for the rest of your life. It is not the first, nor the last time an initiative is....
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CoinTelegraph speaks to Canadian Bitcoiner Kyle Kemper about The Social Wallet, a nonprofit that hopes to digitize every aspect of a physical wallet, money, services, and identity.This is the first part in a series of three articles on the Social Wallet. A wallet that allows social payments. Social Wallet is a tremendous undertaking by its creator, Kyle Kemper, to bring Bitcoin to the masses and create a revolution in both the developing and developed worlds in terms of finance, identity, and information. The project launched on the 4th April and is seeking $21,000,000 in donations to....
Las Vegas-based bitcoin ATM manufacturer Robocoin has announced it is lowering its operator fees to 0% as part of a new offer aimed at making its machine owners more competitive on the global marketplace. Robocoin had previously taken 34% of the transaction fees set by its operators on its bitcoin ATMs, meaning if an operator set fees at 3%, Robocoin would net 1% of those earnings. As part of the new offering, operators can pay $10,000 for a lifetime license that allows them to bypass fees for life. The $10,000 cost is an introductory price that will run through 30th April. Alternatively,....
Circle is switching their services to tackling the social payment space. Circle is a company entwined with Bitcoin for quite some years now. The company offers exchange services, as well as a wallet solution and money transmission capabilities. But Circle is halting their Bitcoin exchange services permanently to focus on blockchain-based services. All users can withdraw their funds to a different wallet, but buying or selling cryptocurrency will no longer be possible. It is a sad day for Bitcoin users relying on Circle to buy smaller amounts of cryptocurrency. After multiple years of loyal....
Without proper crypto regulation, the U.S. government might create a massive roadblock to financial inclusivity. The crypto community has a saying: “Not your keys, not your coins,” which means that if you hold your crypto on a third-party custodial wallet, you don’t truly have ownership of the coins. The entity controlling the private key of the wallet ultimately has power over it. Self-hosted wallets, or non-custodial wallets, allow individuals to receive, send and store their own cryptocurrency without the need of a custodial entity.As life has become increasingly more digitized, the use....
Blockchain startup R3CEV has added Hong Kong-based life insurance group AIA to the ranks of its global banking consortium. The announcement comes at a time when R3 is increasing its presence in Asia as well as diversifying its portfolio of participating financial institutions, having added China-based Ping An Insurance Group to its consortium in late May. In statements, R3 CEO David Rutter echoed this sentiment in remarks, seeking to position the move as one that adds new stakeholders to its conversation. In addition to creating in-house technologies, such as the smart contract distributed....