Can Bitcoin Trading Be Really Instant and Private?
Transaction delays and the demands of extensive personal information alienate some users from buying and selling Bitcoin. СoinTelegraph spoke to Robert Genito, CEO of Genitrust (which owns Wall of Coins), about private and instant Bitcoin trading. The now-defunct BitInstant provided a fast, private method of trading Bitcoin, until it was shut down following the arrest of its CEO, Charlie Shrem, on money-laundering charges. Now, Wall of Coins’ Robert Genito talks about how it is still possible today to exchange Bitcoins fast and without divulging private information. CoinTelegraph: Have you....
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Thursday, BitQuick.co, a peer-to-peer Bitcoin trading platform which processes around US$1.4 million worth of bitcoin transactions every month, announced the integration of BitGo Instant. The company aims at securing zero-confirmation payments that will improve user experience and overall security of the trading platform. Instant Mechanism to accept Bitcoin. Using BitGo’s prominent multi-signature technology, the company ensures protection against double spending. The service fee for BitGo Instant is free of charge for transactions that are less than 1 BTC. For payments that are worth more....
Digital payments can deliver better immediacy and ubiquity than traditional retail payment systems and, therefore, could revolutionize payments, according to a recent Deutsche Bank research paper. The paper, titled "Instant revolution or payments? The quest for real-time payments," recognizes bitcoin and the blockchain as playing an important role in payment technology as the need for real-time payments expands. In tackling the complex topic of instant payments, the paper reviews the different definitions of instant payments and establishes what it considers a good working definition. The....
BitGo Inc., a multi-signature security company, announced the release of its newest product, BitGo Instant, which removes transaction delays completely. Along with its announcement of BitGo Instant, the company has also announced its launch partners for instant transactions. “At the beginning of this week, we had six partners. At the end, we had 10. It’s not all exchanges,” Ben Davenport, CTO of BitGo, told Bitcoin Magazine . “We have a few consumer-facing apps like Fold App. All of these guys are signed up to receive BitGo transactions. Anyone with a BitGo wallet will be able to send to....
We all tend to have similar assumptions about the future. If you were to poll financial industry experts, the majority would agree that by 2050 sending payments will be as easy as WhatsApp messaging. We all (on some level) believe payments will be digital and instant – money transfers will be free, transactions will be private, the origin of funds will be known, and that the user will be the ultimate owner of his or her funds. Where you'll run into arguments, is whether or not 'bitcoin' or 'blockchain technology' is the right tool to bring about this change. Vested interests. First, a step....
Coinbase, a popular Bitcoin exchange and online wallet provider, has announced the launch of its Instant Exchange. This new service will allow Coinbase users to send and receive Bitcoin payments instantly. Coinbase says that the Instant Exchange will protect people from Bitcoin price volatility, since they will be able to complete transactions so quickly. From Coinbase’s official announcement: “Coinbase has long offered merchants the ability to automatically convert received bitcoin into their local currency, and now Instant Exchange is available to anyone with a local currency wallet.”....