BTC Transaction Stuck? Bitcoin Cash-Powered Accelerators Can Speed Up Transfers
At the time of publication, there’s more than 69,000 transactions waiting in line to get confirmed by a bitcoin miner. Since bitcoin’s price rise, at certain times, transaction fees have climbed to $10 to $20 per transfer, and people who pay less than the median fee may have to wait a while. However, people might not realize that there’s a tool people can leverage called a transaction accelerator, a platform that increases the probability of getting a transaction confirmed. Bitcoin’s Transaction Backlog and Transfer Fees Ramp Up On Wednesday, February 17, 2021,....
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Another disruptive technology powered by the Blockchain is set to completely eliminate the outrageously high cost of remittances to Africa. Coin Telegraph Spoke to Kumar Gaurav, Cashaa’s co-founder & CEO, about how the application can solve Africa’s exorbitant cash transfer transaction costs. On average it costs 10-12% to wire cash to Africa, where there is an estimated 80% of the population without access to banking. This is compounded by the lack of a transparent exchange rate. Needless to say many African households depend on remittances from the diaspora. In fact, in some countries....
Bitcoin.com spoke with Kumar Gaurav, co-founder, and CEO for the Bitcoin remittance platform Cashaa (cashaa.com). It’s aP2P cash transfer app is targeting a global market worth of over $300 billion while leveraging zero fees and cryptocurrency solutions. Cashaa: 0% Fee Remittance App. Bitcoin.com (BC): Can you tell our readers a little about what Cashaa....
For Loyyal, participating in the Dubai Future Accelerators program is invaluable. The blockchain startup will work with Dubai Holding, who focus their attention on hospitality and real estate The name Loyyal may not ring a bell for most blockchain enthusiasts right now. Even though the company is focusing on global loyalty reward schemes, they have been flying under the radar. That was until earlier this week when the company announced they would participate in the Dubai Future Accelerators program. A big step for this blockchain startup, that much is certain. What is so interesting about....
An incredible sum of more than 900,000 bitcoins, worth almost a billion dollars, was stuck at one point last night, waiting to move, due to limited transaction capacity. At the time of writing, more than 300,000 bitcoins remain stuck. Luke-Jr, a developer of the Bitcoin Core client and a Blockstream contractor, publicly responded to the backlog by stating “[j]ust pay a $5 fee and it’ll go through every time.” Jameson Lopp, a BitGo engineer, publicly stated yesterday that if bitcoin’s price hits $10,000 without an increase in transaction capacity, fees will be $400 based on current data.....
According to a report published by the Bank of International Settlements (BIS) and a group of central banks, digital currencies can lead to faster settlement and cheaper transfers. Moreover, the banking group leveraged a prototype that shows how money transfers can be done in seconds with very little processing fees.
Inexpensive Transfers & Speed: Bank of International Settlements Report Says Digital Currencies Can Be More Effective
During the second week of September, the head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, explained....