Weekend Roundup: PayPal Confirms BTC Acceptance, BitMesh Unveils Bitcoin-Internet Prototype
In a filing at the US Securities and Exchanges Commission (SEC), PayPal details its future as a separate entity from eBay, a split which is due to occur by the end of 2015. In discussing its innovations, specifically Braintree, PayPal definitively mentions "digital currencies such as Bitcoin” as an official tool for merchants to use. The filing reads: BitMesh, which has been called the potential "Uber of ISPs," recently tweeted a presentation video featuring co-founder Christ Smith connecting his computer to a Wi-Fi signal called BitMesh. "A merchant can typically open a standard PayPal....
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“BitMesh’s “ Wi-Fi Marketplace” allows people to leverage existing devices to share their internet connection with peers in exchange for monetary incentives.” BitMesh is a service that allows users to share internet connectivity and bandwidth. With the use of Bitcoin micropayments servers in the network gain incentive to share. The development team is....
It's certainly not unusual in the bitcoin and blockchain industry to see several companies coalesce around a new use case for the technology. However, what may be novel about the sudden focus on Wi-Fi is the size and ubiquity of the consumer pain point. To date, startups such as the Boost VC-backed BitMesh and Wi-Fi services provider WIFI Metropolis are both developing concepts around the idea. The consensus? The popularity yet inaccessibility of Wi-Fi networks offers a compelling use case for bitcoin today, one that is more promising when compared to the costs consumers currently bear for....
Yesterday, finance giant PayPal announced partnerships with Coinbase, BitPay and GoCoin to dip their feet in the water with cryptocurrency. Bitcoin price surged upward upon hearing the news, going from being worth around $400 to being worth $450 in a matter of minutes. Now, the CEO of GoCoin confirmed that Bitcoin won't be the only cryptocurrency benefiting from the PayPal partnership. PayPal is supporting Dogecoin and Litecoin payments as well. In a tweet, CEO of GoCoin Steve Beauregard told followers that Bitcoin, Dogecoin and Litecoin would be available to PayPal merchants: Pleased to....
Bitcoin mining giant BitFury is moving ahead with development of a previously announced prototype for a bitcoin-enabled Internet of Things (IoT) device. The original prototype, announced last June, took the form of a consumer light bulb that was capable of mining small amounts of bitcoin. BitFury positioned the project at the time as one that would promote understanding of bitcoin technology, while providing developers with a platform for experimentation. Despite a lack of public announcements on the initiative, BitFury head of product Niko Punin stated that the company’s vision for the....
Billionaire Paypal co-founder Peter Thiel has compiled a list of bitcoin’s enemies, the “finance gerontocracy” he said is stopping the price of the cryptocurrency from soaring a hundred times. Berkshire Hathaway CEO Warren Buffett tops the list. Thiel called him “the sociopathic grandpa of Omaha.”
Peter Thiel Unveils List of Bitcoin’s Enemies
Billionaire Paypal co-founder Peter Thiel shared his list of enemies stopping bitcoin from rising 100x Thursday while speaking at the Bitcoin 2022 conference in Miami, Florida.
The....