Is Igot Going the Mt Gox Way?
Igot, the Australian Bitcoin exchange seems to be deep trouble. It may as well be going the Mt Gox way. The landscape of the Bitcoin industry is changing rapidly. Bitcoin companies that made a name in the early days are either shut down or falling into pieces due to various factors. Mismanagement tops the list of factors responsible for the downfall. The first taste of things to come was delivered to the Bitcoin community in the form of Mt Gox, the biggest Bitcoin exchange of that time which declared bankruptcy after hackers allegedly stole bitcoins belonging to them. There are other....
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igot launches Bitcoin merchant solution. The Australian Bitcoin exchange igot has announced the launch of the igot Merchant Solution, a service that allows both e-commerce providers and brick-and-mortar stores to accept bitcoins for goods and services. The igot Merchant Solution comes with a fixed transaction fee of half a percent. igot has continued to grow globally. The company that is present in close to 40 countries would seem to be emerging as a key player in the bitcoin merchant solutions area. Through the latest product offering, igot also signals intent to the major players BitPay,....
This article has been updated with additional comment from igot users. The founder of Australia-based bitcoin exchange igot has refuted claims his business is a scam. Igot recently came under fire, with many of its users complaining about delays to their withdrawals, branding the company "untrustworthy" and claiming they'd been robbed. Rick Day, igot's founder told CoinDesk the delays particularly affected fiat withdrawals, attributing them to a number of factors. "They [the issues] are as not as big as they appear from the outside ... one of the biggest issues that we have with delays is....
Australian exchange Igot is aiming to rival bitcoin payment giants Coinbase and BitPay with the launch of its own international merchant solution. Igot's platform will enable e-commerce and brick-and-mortar merchants to integrate bitcoin payments in almost 40 countries and transact in 10 different fiat currencies. Rick Day, Igot's founder, said: "Accepting bitcoin through Igot has multiple advantages for merchants. Perhaps most importantly, bitcoin is a free marketing tool that is likely to increase overall revenue. This is a win-win situation for merchants and the bitcoin community." Igot....
Bitcoin exchange platform igot, which is based in Australia but targets international markets, has secured funding from US serial entrepreneur and investor Jesse Chenard. Chenard has founded numerous startups in the Internet and media sphere including Tremor Video, and was formerly CEO of in-image advertising pioneers Image Space Media. Igot co-founder Rick Day told CoinDesk that Chenard's involvement will bring added value, not just in money but in experience: "Frankly, the field is so new and interesting that it is attracting great minds and giving us the chance to work with people we....
For such a rapidly developing country, the UAE hasn't seen much development in Bitcoin. At least, not until just recently... The United Arab Emirates (UAE) is one of the richest countries in the world. Home to the the seventh largest oil reserves on the planet and 19th highest nominal GDP per capita, the UAE has quickly developed a high-income economy. Large, man-made islands and gold vending machines are nothing out of the ordinary in the cities of the UAE. That's why it may come as a bit of a surprise that Bitcoin hasn't really caught on in the Emirates. However, that could soon change....