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Topic: eCoin.eu trading platform/system for buying/selling Bitcoin, Litecoin - page 4. (Read 24587 times)

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Bitcoin Can Probably Make It But 90% Of The Altcoins Won’t!

The Altcoins are springing up on a daily basis, and people might have observed that they regularly appear on the lists of the CoinMarketCap. On the other hand, Ethereum Classic’s Charles Hoskinson foresees that about 90% of the Altcoin that will possibly end its career right on the near and approaching future.

And to be fully certain of the sustainability of the cryptocurrency Charles Hoskinson believes that the Treasury Mechanic measures must be taken sincerely. And in these recent times, there are several Altcoins which have come in the very situation of examination due for employing the pump and dump strategies just to be capable of swindling their holders. For a mere example is the CageCoin which recently rose by 31,000 percentage points but suddenly knocked down just within the 24 hours. The fact that it is relatively essential that the community members fully endure the necessary due to diligence upon investing in any single coin. And this is critical at the moment when the digital currency is scaling and convincing sceptics as well, and it is not a nine-day wonder but has in actual fact of staying.

Right on a divergent circumstance, Charles Hoskinson holds they view that the Bitcoin is not in the variant of the unsustainable coins and the strength of every single currency right in its communities, not its technology per se. And he elaborates that the technology can incentivize more community to come but it fully cannot be able to replace it. The Bitcoin has the well-established community of all of the cryptocurrencies and at the very same time the most resilient. The mere fact that it has survived for over the billion dollars of theft, plus the dozens of death declarations and exchange failures together with several so-called leaders who are trying to hijack to project and the founder leaving. And it is completely astonishing that the Bitcoin has endured and flourished. Furthermore, I do not really deem that the Bitcoin is going to die. To a certain extent, the better question is where it will stop. Beyond doubt, it is the only thing for all of the currencies in which includes the US Dollar. And it is merely strong for the reason that the people accept and take it for the goods and the services. And picture that if they unexpectedly stopped, the dollar would be in dilemma.

Hoskinson states that he does not really think that the Bitcoin is going to die. And to a certain extent, the better question is where it will stop. He also claims that it will either become as a universal payment system or just as simply as a digital gold standard that stores and keep value. And alongside with the standard of measurement enhancing promptly with the infrastructures similarly to the ATMs, debit and credit cards, and there are hundreds of thousands of the merchants, it is quite difficult to dispute. Numerous of the contractors right in the Eastern Europe are now doing the dev work for the Bitcoin and the fact that it is quite known in Ukraine.

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As Iran Stops Using The US Dollar, Is It A Perfect Time For The Bitcoin?

On 29th of January this year of 2017, Valiollah Seif who is the governor of the Central Bank of Iran has officially declared in the national television interview that the US Dollar will no longer be used within the country as a response to the United States of America President Donald Trump’s decision regarding the travel ban on the particular countries which includes Iran as one of them.

According to the official statement that is released by the Iranian Central Bank and Governor Valiollah Seif, the government intends to terminate the usability of the US Dollars in Iran and also replace USD with an established reserve currency which is more often used in the foreign trades. And right at this very moment, the Central Bank of Iran is exploring two options; on whether to choose one of the particular foreign currency which is used widely for foreign trades in Iran or to establish multiple currencies, thus allowing the Iranian people to select whichever currency they would prefer to use. And one of the major subject matter that the analysts have right on the elimination of the USD as a legal tender in Iran is that the USD is the groundwork of the oil industry in Iran which accounts over $41 billion in revenue. And the replacement of the USD could possibly lead to rigorous complications right for the local authorities.

The question is does it will have a massive impact on the Bitcoin and its demand. The fact that the Iranian Bitcoin industry has a comparatively shallow Bitcoin exchange market and infrastructure. The BTXCapital which is the country’s first Bitcoin exchange which was launched in the year of 2015, the month of August and entered the Iranian market in hopes to provide an assurance of secure and reliable alternative right into the peer-to-peer trading platforms such as CoinAva and the LocalBitcoins.

And together with a market of over the summation of 50 million users, BTXCapital had stated that Iran has a potential to be able to become the next major Bitcoin market right in the upcoming years. The CEO of Draglet, Ganesh Jung who is the development firm right behind a white label Bitcoin exchange platform being used by the BTXCapital as it foundation infrastructure, accentuated the struggle that the Iranian people are experiencing just to be able to purchase the Bitcoin in the country. And the mere fact that it is really hard enough to be able to get hold of the Bitcoin in Iran. And there were means to purchase the Bitcoin but the procedures are tricky and the amounts it was possible to purchase were just small, and the market is substantial. With a large population together with a high proportion connected right to the internet means that there is a lot of absolutely untapped market potential.

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Superb Strategies To Be Able To Maximize Your Profits

Right in these uncertain and unstable, but strikingly bullish markets, it is easy to believe that you are a trading intellect as you gather your profits. Nevertheless, are you outshining the market? As of these days, the cryptocurrency is having such a great year. And in these past few months, the Bitcoin’s price has climbed from the low rate of $700s to $1,260 based on the CoinMarketCap.com as it budged the record as the 2017 starts and at this very moment it keeps upon going upward.

As the Altcoins gains are not to be overlooked either, together with various well-known Altcoins which are almost doubling or even gaining more in value which pertains with the Monero, Dash and the MaidSafeCoin and the less-known Altcoins are also gaining an interest which has been alongside with the trading instability was massively absent in the prior months. And what has been remarkable in these past few weeks is the Pascal Coin that rose from the shadows at the very price of the $0.015 to its peak value of $1.53 together with a trough-to-peak growth of over of 10,000%. Moreover, the Pascal Coin’s daily trade volumes for the duration of the week which ranged between $5 million and $30 million on the Poloniex.com which provides an accurate information right for the traders to be able to exit the market together with enormous profits as well.
Here are some portfolio performances to fully distinguish how they are performing in these past few months, from November 1, 2016, until this present day.

Bitcoin, in which fully gained into the summation of 35.3%. The Bitcoin is the gold of the cryptocurrency; together with the liquid markets and much easier fiat-to-Bitcoin trading all the way through trustworthy exchanges, conceivably there is nothing right in this very world of the cryptocurrency is much simpler than a buy-and-hold the Bitcoin stratagem.

ICONOMI Index which gains for over 19.6%. As we all may have known, the ICONOMI.index was established on way back in July of the year 2016 in which its CEO Tim Zagar has said that to reflect the development of a credible cryptocurrency market. Right in its composition in which pertains with the subjective percentages of the Bitcoin, Ethereum, Monero and the other Altcoins as well.

Smith + Crown Index which have lost for over 5.53% within just a one-month duration of time; and this particular market-cap based index pertains with the 11 biggest cryptocurrencies by the market capitalization which is the Bitcoin, Ethereum, and Litecoin.
With the information that is mentioned above the Bitcoin has recorded a dominance for over the summation of 90%. In general, even though the digital currency sector is still in its infancy, there are a quite few valuable financial metrics right for assessment of the market performance that does really exist. But not only these indexes and metrics are useful in assessing your very own performance, but they can also be helpful right in tracking the value in the several cryptocurrency markets.

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NOW: A Special Offer, 0% on trading eCoin.eu !

Trade more and don’t pay anything! Yes, you just heard it right… The more you do your Bitcoin trade with eCoin.eu, the more chances of getting your Bitcoin trade of 0% on commission. Plus there is a guarantee of no hidden fees and an assurance of all straight forward transactions!
So hurry up, go now and visit eCoin.eu and start trading your Bitcoins with us and experience of trading more and don’t pay anything!

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Nigeria And Africa: Immense Sign Of Optimism For Bitcoin Trading!

These days, Nigeria and Africa are showcasing an immense sign of optimism for the Bitcoin trading in the upcoming years as mentioned by the Founder of the BitcoinNow, a Bitcoin selling platform which is accessible in five African countries. And based on Davidson Atere-Roberts remarks, the Bitcoin provides a deregulated, borderless and decentralized system of an alternative finance to the Nigerians and Africans, but the increase in its adoption will only come to their senses at the very moment when they realize that the digital currency and the other cryptocurrencies can be exchanged for the goods and the services as well. And they do really believe that in the upcoming years the Bitcoin would be adopted as an alternative to the basic investments and it will soon appear to each and every one as a safe-haven virtual asset. In addition to the statements above, they also anticipate that in the very next few years that the high profile individuals and also the middle class in the society will be investing in the Bitcoins to be capable enough of securing and increasing their capital as a divergent into the stocks, bonds, gold, and etc. And they also assume that more Africans will be able to go right into the Bitcoin trading and there will be countless peer-to-peer transactions as well.

Does the success of the M-Pesa be a great example right into revolutionizing digital transactions?As we all may have know, the M-Pesa is the world’s most triumphant money transfer service that truly makes it possible for the millions and millions of people who have an access to their mobile phone but do not have or only have limited access to a bank account, and to send and receive money, plus top-up airtime and also make their bill payments as well. And just the very last year, the M-Pesa has declared that they have 25 million active global users f. And getting back to the question, politely, Davidson Atere-Roberts simply answered, it is quite possible, due to the fact that they are much enthusiastic regarding the Nigerian market as an influential and leading market in the Africa even though that the Senegal has taken the lead globally upon introducing it's very own digital currency that will be a legal tender right in the conjunction with its currency. And they are also very optimistic right on the subject matter of the East and Southern Africa regions; it will take such period of time but they do really deem that the Bitcoin will follow the M-Pesa line right in the revolutionizing digital transactions.

Right at this very moment, the BitcoinNow is aiming to solve the difficulty of the accessibility as there is still a controlled supply of the Bitcoin in the areas of Nigeria, Ivory Coast, Ghana, Gambia and Sierra Leone. And the scheme is it bridges the gap right between these progressing markets and the Bitcoin access by providing a seamless platform in as manyAfrican markets as its resources can establish. And the fact that he really considers that the Bitcoin can be used as a hedge against the political and economic ambiguity; the capital and foreign exchange controls; the demonetization and also the devaluation and the hyperinflation although the Bitcoin-related business right in Nigeria and Africa are still in the moment of facing major challenges.

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Bitcoin And Mercedes-Benz: Mercedes Pay On The Run? How Does It Sound?

Perhaps it sounds surprising that the Mercedes-Benz will have a payment service by the brand name Mercedes Pay in no time. And is it acquiring the PayCash Europe SA? Well, let’s see! As we all know the PayCash Europe is operating numerous of services such as the Mobile Payment Solutions, the E-Money Solution, cryptocurrency correlated services, and the Voucher and Loyalty related services as well. The acquisition of the PayCash Europe will be made by the Daimler AG which is the parent of the Mercedes-Benz all the way through the Daimler Financial Services.

The question that lingers is why does Mercedes-Benz all of a sudden need PayCash Europe? Then let’s get right to the bottom of it, in which is the principal endeavor of the Mercedes-Benz upon purchasing a cryptocurrency company that does not appear to be their interest in the Bitcoin although they have not absolutely denied it. As Bodo Uubber, the member of Daimler Financial Services Board Management points out in a company press release Mercedes Pay is the essential component of their mobility and digitalization tactical moves; that Daimler’s new-fangled payment system highlights their aspiration, and as a leading provider of the digital mobility services, and to be able to make the products and the services more captivating, they are offering even more appealing right to the consumers.

The PayCash Europe which will turn right into Mercedes Pay and will be integrated right into the Daimler Mobility Services GmbH which is a further subsidiary of the Daimler Financial Services that also has numerous mobility services in the car-sharing such Car2Go. Daimler even revealed that they have a portfolio that was comprised of over 4 million financed vehicles; and that they even intend to utilize a new-fangled payment system to be able to facilitate all of these and their other financing transactions in the near and approaching future.

Is it the mobility, indeed in the fingertips? Well, to be precise, there are intrinsic synergies right between the Daimler and the PayCash Europe. The PayCash Europe’s system allocates the consumers to be able to purchase products and items all the way through online or even right in a store in using their mobile phones. Their application which is accessible on both Google and Apple App Stores also allows the sending and the receiving of money anytime and anyplace.The E-Money service which was provided by the PayCash allows the businesses to accept the online payments and manage E-money at the very same time. And together with the Daimler’s businesses such as Car2Go, it is quite possible to share cars in using a mobile application. And this particular application allows the users to be able to self-drive a nearby car right to their destination. And just to be particular with Car2Go at this present time, the Car2Go was being used by more than 1.2 million customers.

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Larry Bates Says That Bitcoin Can Be A Foreign Exchange International Platform!


Larry Christopher Bates of the BitLand actually thinks that the Bitcoin can be the very best international platform for the foreign exchange. To his mind, an agnostic and interoperable monetary exchange platform is a mere example of where the governments must be giving their attention right on the Bitcoin. And right, on the other hand, he deems that it is not quite necessary for any government to give up their control right over its local currency. And it is quite so frequent the Bitcoin community tends to be delighted at the very moment when a country’s currency begins tanking in hopes and the citizens will come rushing right into the Bitcoin as a haven. But Larry Christopher Bates mentioned that the Bitcoin is not an appropriate haven right because of its high rate of instability by its framework and system.

As he utters that if the argument right for the Bitcoin as an agnostic foreign exchange was being laid down on the table of the governments to be able to lessen their trade costs, deduct the necessity right for the tariffs, and then it would be the much more feasible option for the government’s perspective. And it is extremely ludicrous to recommend to any government that they alter their currency with the Bitcoin. And every single persons in the society must stop making that kind of a suggestion right into any country.

In pertaining to the Blockchain technology, his interpretation was it is the most persuasive and useful part of the Bitcoin.And as a great sample, he noted that the M-Pesa is a digital currency that does not utilize the Blockchain, and also has five times the amount of the users as the Bitcoin as well. He also clarifies that the M-Pesa community has made a large amount of an impact regarding how the digital currency is being used, however since they are SMS based and not Blockchain-based, this results that the crypto community keeps upon ignoring the M-Pesa which is a development that he considers as a big mistake. And if only the people can disambiguate the “Blockchain VS Digital Currency” factor and just begin to clear up the banter, and it is quite a crystal clear that both of the digital currency and the Blockchain have their very own place within the industry and on accelerating a paradigm shift which will notice a more competent global economy. Lessening the friction and the tension within the transactions while at the same time reducing the overhead associated with the international transactions will undoubtedly have a great outcome right on the global economy.

However, as based to Larry Christopher Bates, the Altcoins and the Bitcoin and the Blockchain technology still needs to be disambiguated to be certain that the governments are taking them seriously. And the Altcoins will do serve it very own purpose in which concerns the representation of particular interest groups. He also states that one could possibly argue that the Disney Dollars as a particular interest currency figure which has crystal clear benefits and advantages which do concern by giving discounts right into the customers, plus the benefits right into the club members, and giving another revenue stream besides the stocks right into the Disney corporation. And if the legitimate businesses adopted the Altcoin model, then it would not only make the companies such as the Starbucks more proficient and efficient rewards systems and it would give the customers a way to trade out their currency for an Altcoin to another business.

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The Battle Of Interests Over The Bitcoin And The Blockchain

The Co-Founder and the President of the Unocoin Sunny Ray, India’s leading Bitcoin company, has recently shared a quite interesting chart in which shows the levels of the interest of the general population over the Bitcoin and the Blockchain.

And right over from the past two years, there has been a significantly large quantity of the users continuously searching for the keyword “Bitcoin” on the Google which is particularly right in the middle of the strong price rallies. An in the charts provided by Sunny Ray, it is evident that the interest directly correlates together with the performance of the Bitcoin right on the market as the Google searches for the “Bitcoin” peaked globally at the very moment that its price has reached its all-time high right in the late year of 2013. And by the very end of the year 2016, the volume of the searches for the keyword “Bitcoin” has made its tremendous rise all over again and right in the middle of the Bitcoin’s strong price rally which allowed the digital currency to go beyond the multi-year highs. And it also outshines its all-time high market cap of its total sum of $15 billion and reaching for over the sum of $17.5 billion at its crest. And one of the main reasons behind the said interest growth right in the Bitcoin over a particular period of time in which the demand right for the Bitcoin is profoundly reliant on the market. Due to the fact that the Bitcoin has an actual user base that mulls over the digital currency to be a global store of value and also a legal tender at the same time, and its value depends on its investors and traders as well.

In contrast, the Blockchain technology, in spite of the fact that it has vast potential but has failed to be adopted by the big industries and also the major financial institutions. Even though that the billions of dollars were allotted right for the progress of the Blockchain over the past two years and the technology was failed to be commercialized by its early adopters. Sooner or later and without the doubt, the general populace has lost their interest right in the Blockchain due to the non-fulfillment of its hype and the expectation of investors. And all the way through the 2016 in which is a major financial institutions and the banks in which includes the Deutsche Bank and the Santander Bank had confirmed their plans to adopt the Blockchain technology and the interest right in the Bitcoin has slightly climbed and as the general population projected the deployment of at least a few commercially successful Blockchain platforms. On the other hand, the financial institution did not notice the emergence of the successful Blockchain platforms and the interest right in the Blockchain has turned down by the end of the very last year.

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For Young Business Minded People: A Blockchain & FinTech Program

The PricewaterhouseCoopers or the PwC is one of the Big Four auditors and also a multi-billion dollar professional services firm which had released a program being called the “Startup Collider” right in the early September of the last year. The said program which began this early January will be supporting the young business minded people and the startups working within the Blockchain and the FinTech industries.

The Startup Collider that is brought by the PwC CEE upholds opposite features right from the huge major of startup accelerators or venture capital initiatives. The startups chosen and welcomed by the PwC Startup Collider administrative team will cooperate straightly with the PwC, its experts, the analysts and also the partner firms to test, and also implement and commercialize their technologies. The Blockchain or the FinTech-focused companies will be cooperating with the PwC advisors who will guide them all the way through thorny hurdles such as regulatory conflicts and also the market penetration. And more essentially, the PwC connects the startups right within the Startup Collider program together with its partner firms and clients to guarantee the entrepreneurs experience an even procedure of the market penetration. During the three-month program, the startups and the entrepreneurs will be sheltered in a mansion of the PwC right in the city of Warsaw. The mentors and the advisors right from the field of the finance, the FinTech and the Blockchain will visit the mansion to meet the entrepreneurs, also conquer the connections together with the startup and furthermore assist the young companies to pave their path towards a highly competitive market of finance. And the very first cohort of the said accelerator will have its focal point right on the startups with the solutions applicable to the financial sector, where everyone will grasp a great opportunity to take part right in the three-month boot camp. And by the very end of it, the participants will surely embody refined value propositions, the business plans, processes and also possess the knowledge regarding the respective markets, the client necessitates, the regulation and furthermore.

.And by the very end of the said program, the PwC hopes to witness its startups cooperate with the industry leaders and also introduce their technologies to millions of users and consumers at the same time as well. Not likely with the several venture capital firms or accelerators, the PwC also allows the startups to test their technologies together with its multi-billion dollar clients and partner corporations. And if the startups desired to turn away right from their focal point to another market right within the FinTech or the Blockchain, and the PwC will shore up the decision. And it is vital to consider that the valuable proposition of the PwC is showcasing to the young startups as several Blockchain and the Bitcoin companies tend to turn away right from their initial products. Various known exemplary include the itBit’s move right into the Blockchain solutions and Circle’s shutdown of the Bitcoin trading services. At the same time, it is really early to contemplate of what impact these exceptional startup acceleration programs will have right on the global Blockchain and FinTech markets, the flexible programs allow the startups to work in a much friendly and adaptable environment wherein they can freely exploit the perspective of their technologies.

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China Going Cashless: Unveils A Worth Of $1.5 Billion Of FinTech Fund

The Chinese consumers are hastily moving towards to a non-bank and cashless alternative which pertains to the Alibaba’s $60 billion financial application Alipay. And to be able to catch up with the swift growth rate of its FinTech industry, the Chinese state-owned companies had released a price of $1.5 billion funds to be able to support the emerging FinTech industry startups and technologies. The conglomerate of the Chinese state-owned companies which pertains with the Hong Kong-listed Credit China FinTech Holdings, the Shanghai Xinhua Distribution Group, the China Huarong International and the 8 other major organizations right in the mainland and also established a fund that is also known as the “Asia FinTech Merger and Acquisition Fund of Funds” to guarantee each and every single market right within the Chinese FinTech industry can be able to operate with a necessary capital.

The Executive Director of the Credit China FinTech, Sheng Jia said that the leveraging right on the fund partners’ experiences and also the competitive advantages right in the brand recognition, and the industry resources and the expertise, and the Fund targets to invest right in an innovative FinTech enterprises right with a potential and also help them to be the FinTech aspiring leaders together with our technical know-how and also the capital resources at the same time as well.

As based on the several sources, the fund will be supporting the startups right in a wide range of varieties right within the FinTech industry which includes the big data, the artificial intelligence, the mobile payments, the supply chain financing and the Blockchain technology, the developing portfolio which fully covers each and every single features of the country’s FinTech industry. Previously, there is a certain subject matter that the Chinese consumers are no longer contingent right on the bank and the fiat-based financial system and also the payment applications, primarily due to their inadequacy right in the payment settlement.

Right from the previous write ups it had revealed that the world’s top 10 biggest FinTech companies which were owned by the Chinese FinTech market and that the massive growth of these companies straightly depicts the ever-changing financial status right within the entire country. Several experts and also analysts right from the mainland have made their statement that the foreigners of the foreign analysts would be overwhelming at the rate of the growth of the FinTech industry due to the fact that it is becoming more aggressively hard to discover the people that still use bank-based system like a credit card or even bank transfer right on their daily lives basis. And with any other alternatives in which pertain with the Bitcoin also attains the mainstream exposure and observing a significant growth right within the Chinese FinTech market and it is likely to notice that the entire country keeps on leading right into a global FinTech environment all the way throughout the year of 2017.

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The Cryptocurrency Mass Adoption: Slowly But Surely!

The Founding Member of the LocalCrypto and also a former Advisor in the Brussels, Matthias Klees has unveiled that the LocalCrypto’s recently released platform is the very first step in advancing the real-world cryptocurrency mass acceptance and adoption.
The group is fully armored towards an urbane geo-location system, together with premier search-engine connectivity. And their main agenda and focus is on fostering and establishing a local cryptocurrency economy, similarly to a local grocery store or a convenient store perhaps.

As he states that the citizens can be able to fully enlist their cryptocurrency accepting business or even proclaim to exchange the Bitcoin or the Altcoins in the old fashioned means which are dedicated for the populace who would not like to engage in the online trading for a free cost of fees. Plus this will endow with the capability to discover the businesses and also the crypto society in your premises. And also you can keep in great communication with the customers and as well as find the crypto accepting establishments or services and like-minded people right in your region. The LocalCrypto is fond of making it easy and simple for each and every single human being to be familiar with who is around and who are to engage with.
There is a different stroke of mindset right for the cryptocurrency mass adoption. To be able to distinguish right from any other organizations that are promoting and showcasing the cryptocurrency acceptance and adoption, the LocalCrypto is prioritizing the local activities and events and also the integration of the cryptocurrency right into the everyday life and daily basis. And the LocalCrypto are the regionalists due to modern associated regionalism are the most natural variety of the social decentralization. And they needed to make decentralization a concept of how they believe, how they feel and even how they deal with the environment, and to be able to establish the mindset right for the cryptocurrency mass acceptance and adoption.

Right in the duration period of the next three months, the LocalCrypto and the group will launch a payment gateway together with a point-of-sales tablet PC system and also a hardware device collection in which supporting the very first Bitcoin, the EuropeCoin, the BitSend as well as the others in the near and approaching future. The LocalCrypto also upholds the sight at a stage where the payment providers have a difficult moment upon reaching out right into the real world economy, and their initiative makes a lot of sense.

Every single person who gets involved right in the initiative will benefit.As the LocalCrypto will continue in establishing not only a one-stop address for all of the crypto business necessities but will gear up every single person right into spreading the word regarding the cryptocurrencies all around and across regions and to even get an equal share right from the victory that the LocalCrypto is building together. The LocalCrypto are about to begin a social driven, global proletariat consultant movement.

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China: A Move Right Into Cashless World…


The Land of the Red Dragon of Asia, which is also the largest FinTech sector based on the records of the International Trade Administration or the ITA, is on its move right into the cashless world; and the consumers are also making their way out from the traditional banking systems right into further competent and also comprehensible financial technologies. The KPMG is one of the Big Four auditors which garners over the total summation of $25 billion of their annual revenue, and in these recent times, they have also released their FinTech 100 directory who are representing the largest and also the lucrative companies right within the global FinTech market all the way across all of the categories.

Based in the several and various research and study in imitative in which pertains with the KPMG’s FinTech 100 and the ITA’s global FinTech report, China is the pinnacle right in the international FinTech sector. Billions and billions of the Chinese users are leaving the restrictive and yet also limited banking systems and making their big move towards the non-banking services and the FinTech platforms. One of the supportive facts came from Johan Nylander who is a premier journalist at the Asia Times and also the trusted Shenzhen Starbucks Café Manager Lily Li that the preponderance of the people is settling their daily basis and expenses and also their expenditures in using their mobile phones. Infrequently, the people are using their cash or even their credit and debit cards, because of their inconvenience and also the high cost of fees. And upon purchasing a simple item such as a cup of latte right from the Starbucks, the Chinese consumers will just effortlessly tap their phones onto an NFC sensor and at the same time transact using their very own mobile FinTech applications. The China’s Alipay which was developed by the country’s largest FinTech company in which is the Ant Financial, that claims to be the most dominant and respective service in which settles the 58% of all payments in China made and done all the way through online.

Right in the fast growing FinTech sector, the Ant Financial is presently worth of over the summation of $60 billion in which larger than the market cap of the global digital currency. The Founder and also the CEO of the Money Bazaar, Mofei Chen has claimed in one of his interviews that the investors and also the users outside of China had unsuccessfully understood the brisk development of the FinTech sector in China. And the FinTech industry of China has made a quite advancement to the certain point that the people do not even remember the moment when they have used their real-time wallets.

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Fees changes:

- AdvCash EUR Withdrawal Fee is reduced from 4% to 1%
- Payeer USD Withdrawal Fee is reduced from 4% to 1%


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Is Bitcoin The Venezuela’s Remedy Right Into Their Worsening Economic Crisis?

Right in the middle of the worsening economic predicament and financial chaos, the Venezuelans are seeking for alternative assets and stores of value to be able to finance their everyday lives. The nuisance of the extreme regulation right on the physical assets in which pertains with gold has urged the demand trend right for the Bitcoin right in the struggling country. And the starving Venezuelan children are massively mounting in its size, right into the very point that the military personnel resort right into trafficking the food into the country and the residents are having difficulties upon acquiring the basic needs similarly right into the medical needs too.

As we all have known, the Venezuela is a small market for the Bitcoin industry. And the fact that it accounts for a tiny portion of the global Bitcoin exchange market for the reason that the present financial circumstances right in the country. On the other part of the story, there is an escalating volume of people who are turning right into the Bitcoin in an endeavor right into obtaining a currency that has an actual real-world worth in order to acquire the basic necessities.

The individuals right from the students and to the company owners have reported their accomplishment right into mining the Bitcoin and using the digital currency upon purchasing goods like the food and the medicine all the way through the online marketplaces that fully accept the Bitcoin. And some students were even ordering their food all the way through the Amazon in using their Bitcoin with the assistance of the Bitcoin-accepting service providers such as the Purse.io. And there are several outlets that also reported that there are Google searches right for the keyword “Bitcoin” right in the premises of the Venezuela that doubtless amplified exponentially over the past few months and counting, as the public sought after out for the alternative currencies or assets to be able to support their everyday living.

Right in the contemplation of the present financial trend of the Venezuela, completely possible that a currency in which pertains with the Bitcoin can be able to alternate the national currency in which that does not have any single noteworthy worth anymore. And a decentralized currency does not even necessitate such permission right from the authorities to be able to settle any single transactions and also send payments all across and around the world from one and another.

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Unocoin and BitWage: Cheaper Remittances For The Largest Remittance Market In The World!

India is the largest remittance market in the entire world and in fact, the entire country depends on a great degree on inward remittances since the global economic crisis of the year 2008. And this is not a surprise as the Indians form the world’s largest Diaspora and that is based on the figures that are released by the United Nations. And in the past five years, there are more than two million that have gone and migrated abroad. In total, there are about 15.6 million people that are born in India and now are residing abroad. And according to the Wall Street Journal, the Indians who are working abroad have sent over a record of $72 billion in remittances right into India. And within the last decade, the remittances have made up three to four percent of India’s GDP.

Sending money abroad is a costly business. In countries like India, where the people are unluckily one of its largest exports due to widespread unemployment, poverty and lack of opportunities and also the price of consciousness of the money transfer rates is high. At present, most of the international remittances flow all the way through the commercial banks, the non-bank Money-Transfer Operations of the MTOs, foreign exchange bureaus, post offices and etc.

In a press release by the Indian Bitcoin company in which is the Unocoin tied up a joint venture with the BitWage has proclaimed that a Blockchain powered platform which works on an international payroll. The press release has demonstrated on how the new venture can be able to offer and also provide cost-effective resources of international money transfers into Indians living abroad and it says that the Indians can now fully receive payments coming from the United States of America, Europe and also the United Kingdom at so much better rates than ever it was before. For example, an employee receiving an amount of $1,000 sent to India that could possibly receive an amount of 70250.00 Indian Rupee with BitWage, far more than estimated 64481.60 Indian Rupee all the way and coming through PayPal or approximately around 65660.00 Indian Rupee by the means of the Citibank India.

Unocoin and BitWage are utilizing the Bitcoin as their means to send money right in the background. The BitWage will be able enough to operate with the Unocoin API and the employers will be capable to directly and automatically send the Bitcoin and also the beneficiary will be able to receive Indian Rupees right away and directly in their bank account in India. The CEO of the Unocoin, Sunny Ray said that they simply use the National Electronic Funds Transfer or the NEFT and the other traditional bank rails to be able to move the funds right into the customer’s account; and for the international remittance, they are using Bitcoin. And that is what it makes it much affordable and also quicker as being compared with the traditional rails.

The National Electronic Funds Transfer or the NEFT is an electronic fund transfer system in which is being used by the banks in India.

Read More: www.ecoin.eu
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