MerchantCoin Incentivizes Bitcoin Adoption
Most bitcoiners seem to be pursuing their own unique methods of increasing global bitcoin adoption. There are those who simply educate the merchants they frequent on the benefits of Bitcoin; on the other side of the coin, there are those who are planning on distributing bitcoins to an entire island nation. And now with MerchantCoin making an appearance on the scene, there's an actual cryptocurrency, altcoin to some, whose express goal is to increase Bitcoin adoption. MerchantCoin is the first digital currency whose sole purpose is to facilitate worldwide adoption of Bitcoin by....
Related News
Today marks the beginning of CoinAgenda, a Bitcoin conference made especially for Bitcoin investors. Companies from around the world are gathering in sunny Las Vegas to present their ideas to over a hundred hopeful investors that have or are interested in making moves in the digital currency space. One such Bitcoin company that is seeking new users (advocates) is MerchantCoin, a new cryptocurrency that exists to promote Bitcoin and greater cryptocurrency use where it is needed most: Merchants. Also read: MerchantCoin Incentivizes Bitcoin Adoption. According to their website: MerchantCoin....
MerchantCoin to capture 5% of Visa-accepting merchants. According to their whitepaper published earlier this month, MerchantCoin estimates that it’s efforts will garner 5% of Visa accepting merchants to also accept bitcoin. “Merchant coin envisions a world where “Bitcoin is routinely accepted in payment for goods and services; Bitcoin lending, borrowing and investing is routine; Bitcoin’s standing and liquidity is equal to any other currency; Bitcoin is a household word. The XMC token was created to make this happen.” MerchantCoin launched it’s crowdsale at Coin Agenda in Las Vegas, Nevada....
Earlier this month MerchantCoin published their whitepaper. The following scenario is included in the paper and illustrates the MerchantCoin vision for a consumer and seller in the commercial sector who use the MerchantCoin ecosystem. “A Consumer is browsing the internet, seeking to buy a new sports watch. Finding a great deal and placing it in the shopping cart, he discovers that the Merchant accepts PayPal, Visa, Amex, XMC and BTC. Opening his mWallet, he discovers that he has enough crypto coin but not in a single currency. On the mGateway, he exchanges some XMC for enough BTC to make....
The "mining" industry is bursting with innovation, right now. It started as a way to incentivize people to support the Bitcoin network without allowing any one entity to take control, but has grown with new blockchain technologies. Cryptocurrencies are now being used to incentivize contribution to all kinds of initiatives, like solar energy adoption and the race to cure diseases like cancer. Instead of mining bitcoins by solving a cryptographic math problem, you can mine solarcoins or curecoins by generating photoelectricity or folding proteins, respectively, rather than by wasting....
JoyStream is a new BitTorrent client that incentivizes users to make file-sharing both faster and monetarily rewarding. Bitcoin micropayments, enabled by JoyStream's built-in smart contracts, allow seeders to be paid as they contribute their bandwidth to the sharing of a given file. Founder and developer Dr. Bendeho Mender demonstrates here: Mender writes: “The brilliant insight of the BitTorrent system was to mobilize the idle upstream bandwidth of peers which had a mutual interest in acquiring the same content through barter tit-for-tat exchange. However, the problem of how to....