Can you live solely on Bitcoin? Coinify Project Trys to Find Out
There is currently a special bitcoin project being conducted in Denmark. Coinify is teaming up with Danish journalist Elías Christian Lundström for their experiment; can someone live for a month only using Bitcoin? This experiment will surely be fun for Mr. Nikogosian, but it will also give us very serious data concerning the practical usability of bitcoin. The problems that Nikogosian might encounter during his month-long experiment will shine a light on what needs to be rectified in order for bitcoin to be used by the general public as a daily currency. Jack Nikogosian told Bitcoinist,
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Coinify APS, a Denmark-based blockchain currency payment provider, is facilitating the first real estate purchase in Denmark using bitcoin. Coinify processed a transaction worth 117 BTC (290,000DKK, $50,000 USD). The Just-Sold group real estate agency signed up for a Coinify merchant account at the buyer’s request to accept the blockchain payment. The purchase was in process at this report, according to Coinify. The buyer of the residential property, who requested to remain anonymous, acquired the bitcoins from bitcoin mining over an extended period. The purchased property is in the town....
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A bitcoin exchange named Coinify announced its plans to expand its operations to cover all 36 EU member states under the Single Euro Payments Area (SEPA). The goal of this SEPA project, which was launched in February 2014, is to improve the efficiency of cross-border payments and turn the fragmented national markets for euro payments into a single domestic one. With Coinify's expansion plans, the bitcoin exchange can use its services to make cross-border payments even cheaper as it offers 0% transaction fees. The latest round of investments from VCs could allow the company to achieve these....
Coinify, the Bitcoin payments solution company has raised investments from SEB, gets new directors on the board. Coinify, the Bitcoin company based out of Denmark has a new investor on board. The unusual investment is made by a major mainstream banking institution Skandinaviska Enskilda Banken, better known as SEB. The Swedish banking major now owns a part of Coinify, the Bitcoin-based payment solution company. The change in ownership pattern is available for verification on the Danish corporate database biq.dk. According to reports, the changes in the ownership also includes the addition....