Swedish Company Aims to Reduce Friction in Bitcoin Transactions
According to the CEO of Sweden-based company Klarna, accepting bitcoin transactions could allow smaller merchants to access the global marketplace. Brian Billingsley says that the company's goal is to remove friction for online consumers. "We've done internal pilots with bitcoin. We love the concept of a consumer paying with bitcoin, [but] we haven't seen a consumer experience to date that really makes it super frictionless," Billingsley said in an interview with CoinDesk. Frictionless Bitcoin Transactions. For now, Klarna isn't looking to join the growing list of online startups that have....
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A Swedish bitcoin brokerage has gone to court with the country's tax authority to prevent an audit of its customer information. Goobit AB, the company that operates the Stockholm-based BTCX, is fighting a third-party audit request from the Skatteverket, the Swedish tax agency, that would require it to disclose information about its customer base. As reported last week by Swedish language newspaper Dagens Nyheter, BTCX has gone to court in order to prevent this information from being handed over. Goobit chief marketing officer Joakim Herlin-Ljunglöf voiced concern that Swedish authorities....
The proposed legislation seeks to reduce friction in the usage of bitcoin as a daily currency.
ConsenSys, a production studio building decentralized applications for blockchain ecosystems, primarily focused on Ethereum, and XBRL, a standards consortium, have partnered to develop standards for tokenization of assets on blockchains. The standards will reduce friction in transactions and processing costs. XBRL provides a free and open financial data standard that companies and governments use to reduce the cost of reporting and collecting data, and to improve financial information quality. Tokens, as representational units of assets, enable the mapping of an account to an asset and....
Have you heard about casino without Swedish license and wondered why those are so special? What exactly does the Swedish license mean, and why is it becoming so popular to find casinos without it? This article delves deep into the intricacies of this phenomenon and the online casinos operating without a Swedish gambling license. With […]
The Swedish Bitcoin exchange BTC-X is being forced by the Tax Authorities to disclose all of their customer's financial information. Tax Authorities have demanded the full customer transaction history, which will allow them to track every financial move, from the small Swedish bitcoin exchange BTC-X customers. This latest move made by the Swedish Tax Authority is an evident case of Privacy violation as we have never seen before. It looks like the government is seeking to take away the undeniable people's right to privacy. To make matters even more uncomfortable, this demand was made....