Coinomat.com announces Fiat to Alts program
Coinomat.com, instant cryptocurrency and fiat exchange, is an starting alternative cryptocurrency integration program which should bring fiat transfers to each altcoin with an active community. Coinomat.com was launched in 2013 as an instant cryptocurrency exchanger. Currently Bitcoin, Litecoin, Dogecoin, Dash, NXT, Bitcoindark, Peercoin can be exchanged instantly, without registering a user account. The coinomat.com team has always considered direct fiat to cryptocurrency transfers (or, better, lack of thereof for most alts) as the main obstacle for altcoins adoption. Several directions....
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Bitcoin remittance programs are sometimes considered the sips from the holy grail of decentralization. Many crypto-startups are trying to add this to their resume by providing cheaper and far efficient money sending platforms to those in need. The peer-to-peer live exchange Coinomat is now offering a program that handles operations like this in India. Coinomat is a service that allows instant trading and the purchasing of cryptocurrencies such as Bitcoin and a variety of Altcoins. The difference between the Coinomat process and other exchanges is that you can instantly transfer between....
On the heels of news from earlier this week that CCEDK and Poloniex had begun to offer support for NXT, Coinomat upped the ante by making NXT available for bank card payments. In a statement, Coinomat representatives said that the company was integrating NXT into its brokering platform and that it was rolling out a “service which allows customers to send NXT to any Visa or MasterCard worldwide, opening a huge new market for NXT.” “This is a vital step in ‘unpegging’ NXT from Bitcoin, allowing it to thrive on its own terms: until now, NXT-to-fiat conversion has always required Bitcoin....
Currently, the process of getting out of one cyrptocurrency and into another usually involves first selling that cryptocurrency for Bitcoin before you can make a bid for whichever currency you were hoping to buy in the first place. This not only adds fees by adding steps to the process, it also forces nearly all cryptocurrencies to be “pegged” to BTC. Meaning if BTC suffers, the entire market tends to suffer as well. Given the hostility that is sometimes thrown Bitcoin’s way and the fact that it currently represents the biggest target in the entire blockchain ecosystem it stands to reason....
Crypto markets were bleeding red today as a deep sell-off tanked prices across the board. While Bitcoin FUD has been dominating headlines, it was alts that suffered most. Alts Get The Raw End Of The Sell-Off The total crypto market cap fell 32%, losing some $600 billion at its lowest point today. Although late lunchtime […]
Bitcoin smashing through $12,000 gave the cryptocurrency enough momentum and energy to take out $13,000 and revisit last year’s highs. But while it did so, it caused altcoins like Ethereum, Chainlink, and dozens more to bleed out relative to BTC. It has left alts in a precarious position, potentially about to be left for dead […]