BitReady Lets Consumers Spend Fiat Currency Wherever Bitcoin is Accepted
More and more services are popping up all over the world to give Bitcoin a more legitimate and usable appeal to the outside world. BitReady.io is a new service that has been in development for quite some time now, and they have finally released the platform to the public. In fact, BitReady works as a reserve Bitcoin payment system, as it allows consumers to buy things online with Bitcoin, without owning BTC. Unlike most services active in the Bitcoin world, BitReady is doing something completely different. Rather than offering a platform to buy items priced in fiat currency and pay with....
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One of the more common ways for consumers to spend Bitcoin is by buying gift cards from various retailers and outlets. Popular Bitcoin gift card services will often offer a small discount on every purchase. Giving consumers an extra incentive to spend digital currency. A recent survey by CardCash shows how Starbucks gift cards are a clear fan favorite, whereas Visa Gift Cards are far less preferable. Most of these trends seem to correlate with how consumers would spend USD balances on gift cards, though.
Thought Bitcoin was a currency? Think again… Definitions are useful. They help us understand what we are talking about and by being specific and precise we can understand more about our actions and our behaviour. So let’s look at Bitcoin and find out what Bitcoin really is. Is Bitcoin a currency? No. The general definition of a currency is that it is a unit of accepted value that facilitates exchange. Many argue that because Bitcoin can be used to make payments, it is a currency – however, stating a price in Bitcoin is largely meaningless, because the value changes so dramatically. Most....
Zimbabwe's currency, the Zimbabwean dollar, is undergoing super-hyperinflation. It is not on its last legs, its kaput, its collapsed, its down and out. Zimbabweans will have to exchange quadrillions of local dollars to gain a few US dollars next week. What would you do? There are various options that Zimbabwe might go in. Create a new fiat currency. Create a new fiat currency. Adopt the US Dollar. Adopt Bitcoin. Create their own digital currency. If they create a new fiat currency then who in the global market would accept it? How long would it take to create, and get accepted into the....
E-Coin, a virtual debit card and multi-signature wallet, has raised $63,136 (USD) in a $384,538 (USD) online funding campaign, marking progress in its mission to fill the gap between bitcoin and fiat currency. The E-coin debit card funded with bitcoin can be accepted where most major credit cards are accepted. The E-Coin funding campaign on www.bnktothefuture.com has already raised 16% of an upwardly-revised goal with 21 days left as of Oct. 14, 2015, reflecting a strong response to E-Coin's efforts to integrate bitcoin with fiat currencies. E-Coin launched in 2014 and has already shipped....
Converting Bitcoin to fiat currency can be a struggle for some individuals, particularly in Africa. Coming up with a way to spend the Bitcoin would be good as well. The Reddit community is coming together with helpful tips and advice on how to use the money as we speak. This entire story started by one person venting his frustration about automatic Windows 10 updates during a Reddit AMA. As it turns out, he is an anti-poaching pilot in the Central African Bush, and their ULM was lost recently. To replace this missing vital piece of equipment, the person set out to promote a crowdfunding....