Bitnik Reload: Automatically Re-Buy Bitcoin without ‘Vendor Bias’
Bitnik Reload is a new service that not only refills your wallet with bitcoin but also acts like a ‘reverse BitPay’ in a way. Specifically for consumers, the service facilitates hedging against price volatility as fiat is converted into bitcoin on the spot. CoinTelegraph spoke with Bitnik co-founder Peter Trcek on the new product, why it can be extremely useful for BTM operators and business owners and how it may play into the Internet of Things in the future. CoinTelegraph: What does Bitnik Reload do and how does it work? “For the casual user, the service is mostly used as a ‘rebuy....
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Reload, a solution for automated Bitcoin repurchasing and reporting, has been launched by Bitnik, a Slovenian-based start-up. The company brands itself as a universal service that binds users’ Bitcoin wallets to their Bitcoin exchange accounts. Essentially, whenever they spend Bitcoin, Reload will use their exchange accounts to immediately repurchase the equivalent amount of Bitcoin. Bitnik says that its service allows users to relax and spend their precious coins on goods and services without worrying about the Bitcoin supply. The service is available for BTM operators as well; they can....
Cashila, a bitcoin payment and bitcoin-to-euro conversion service, has partnered with Bitnik Reload, a Slovenian bitcoin service that automatically repurchases spent bitcoin from exchanges. The partnership will allow people to live truly on bitcoin, according to Jani Valjavec, co-founder of Cashila. The partnership allows users to pay quickly and easily while repurchasing bitcoin from a variety of exchanges, Valjavec noted in a Cashila blog. Cashila allows bitcoin users to convert bitcoins to euros and vice versa. Users can make payments to bank accounts directly. It serves as a EUR wallet....
Yes Bank has announced that it has built a blockchain-based vendor financing solution for one of its clients using technology from the open-source project, Hyperledger. Built for consumer electrical equipment manufacturer Bajaj Electricals, with help from startup Cateina Technologies, the permissioned blockchain system digitizes how Bajaj Electricals is able to transact with its clients. According to a press release, the solution allows Mumbai-based Bajaj to automatically debit customer accounts so that these companies can then purchase its own products. In a statement, Yes Bank expanded....
This is the third part of a multi-part series that will explain how to integrate Bitcoin as a payment method using your existing accounting software package. This procedure will allow you to properly account your Bitcoin expenses and integrate those expenses into your business records as if they had originally been made in your home currency. QuickBooks' workflow model allows you to track accounts payable by vendor, reminds you when your bills are due and provides an easy to understand way to enter payments. If you are fortunate enough to identify a vendor in your supply chain that accepts....
Yes Bank, a prominent private sector bank in India has announced the implementation of a multi-node blockchain to digitize and automate vendor financing solutions for a regional client. Vendor financing is essentially the lending of money by a company to one of its customers, so the latter can purchase products from the company, driving sales for the former. To develop the solution, Yes Bank sourced technology from the Linux Foundation-led open-source blockchain project, Hyperledger. The blockchain solution made use of smart contracts developed by Fintech startup Catenia Technologies to....