eCoin.eu trading platform/system for buying/selling Bitcoin, Litecoin

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Sending Physical Products via Blockchain

It was not a very long time ago when the Blockchain was just a glimmer in a Satoshi Nakamoto’s eye right before it launched the transformational decentralized digital currency named the Bitcoin. And right after many successful years of testing, all the way through millions, if not billions of transactions through it around and across the globe, and it appears the mainstream is quite impressed enough to make it jump right into its waters.
The latest exemplar is a new venture right between the Wells Fargo Bank and the Commonwealth Bank of Australia that is utilizing the Blockchain technology at this very moment. This particular joint venture was sending physical goods all across and around the globe together with some of the smart contact that is thrown in for great measure as based with the Bloomberg. And it seems that the maiden voyage of this new use of the Bitcoin’s innovative Blockchain technology has already just begun. And a ship had already left Houston, Texas and heading for Qingdao, China carrying with 88 bales of cotton. And there are not just any other ‘ole bales of cotton. The $35,000 US Dollars worth of Brigham cotton will be the initial test run of a new means of doing the global trade finance. And we all knew that in about the summation of over two weeks if the eagle has already landed right on a Blockchain...

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It Is All About Litecoin

Litecoin is peer-to-peer or P2P internet currency that facilitates instant; and the close to zero cost of payments to every single person who’s making its transaction at anytime and anywhere in the entire world.
And Litecoin is an open source, a global payment network that is fully decentralized without having any central authorities. The mathematics sheltered the network and at the same time empowers individuals to take control of their very own finances. Litecoin features a quick and reliable transaction confirmation times and also improved storage efficiency than the leading math-based currency. Together with the strong industry that fully supports, the trade quantity and also the liquidity and Litecoin is a proven medium of the commerce harmonizing to the Bitcoin.
How has Litecoin ever started? Litecoin was released utilizing an open-source client on the GitHub on the 7th of October year 2011 by Charles Lee which is a former Google employee. And it was a fork of the Bitcoin-Qt client in which differing primarily by having a decreased block generation duration period and increased the maximum count of coins, then a different hashing algorithm with the script instead of SHA-256, and lastly with a slightly modified GUI...

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South Korea and Their National Digital Currency



South Korea is making their best efforts just to be able to gear up right for the “Systematic Groundwork” for the spread of the digital currency. South Korea’s Yonhap agency in which was the country’s host of the recent, 12th FinTech Center Demo Day Event right where the Chairman of the Financial Services Commission or the FSC, Yim Jong-Yong has affirmed that the South Korean government would also offer the summation of over $2.65 billion right in the financial support over the next three years for the development of the FinTech sector. And it has been reported that the new Bitcoin-centric events in South Korea in these recent times and how the things are quite changing swiftly in Korea in sync together with the developments in the United States of America, Japan, and the other nations.

The thrust right for a national digital currency is not that new. Several of the other countries have been toying with the idea particularly including the Netherlands, United Kingdom, Canada and even China. And we all knew right from the Yonhap news release that while a consortium right on the Blockchain will be launched this year by the government. And it is quite significant to point out here that the FSC is the South Korean office was being responsible right for the financial services. And they even recently have also launched the world’s first FinTech open platform to be able to ease the development of the innovative FinTech services. And the FSC describes the future of this particular platform right on their website that, “The Korea Financial Telecommunications & Clearings Institute and the Koscom will be able to provide the virtual data and the simulation environments right for the FinTech firms to be capable of run testing the operations of their FinTech services and to have the ability to offer the technology consulting services. And the Financial Security Institute will ensure every single person the constancy of the FinTech services and the financial consumer’s safety right before the launch of the services.”

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Digital Currency: East Asia is taking the Lead!



If the South Korea does issue their national digital currency, then it would a revolutionary step, but it would not be the very first country to have it done so. And this has been already done by Ecuador, and it is the very first country to be able to issue digital money. On the other hand, the South Korea’s national push in supporting the Blockchain technology as a pattern right in the 12th FinTech Center Demo Day Event is without a doubt creditable.

South Korea’s neighbor, Japan has taken their step to capitalize right on the Blockchain and the Bitcoin wave. And Japan has ever gone so far as to recognize the Bitcoin and the digital currencies as money. There is beyond doubt a growing interest right in the digital currencies in the East Asia, and with Japan having a well-established culture of currency trading. Bitcoin.com in an article has asked the question of “Is Japan Becoming The New Bitcoin Trading Superpower?” Then the article has read that “Recently, the increasing of the Japanese volumes could also simply be the outcome of a national fascination right with the FX trading and a more lenient regulatory approach to the digital currency business.”

The question is who really will be the very first to come out with an entirely digital currency and would it be embraced by the people too? As the Founder and CEO of Cashaa mentioned that, It appears like more of the raison d'être that there is no developed nation would probably desire to remain last in the game, but have no concrete plan on what to do next. With the United States of America, Japan, United Kingdom and now followed by South Korea, it is too early to say of where exactly it will head. The Bitcoin-based cryptocurrency is still in the experimental state and to utilize it to replace the current monetary system is a significant risk to face. We, as humans, we are in the phase of never evolution, and the growth will keep on happening and taking place sooner and later. And the proclamation made by the Financial Services Commission chairman to gear up and amplify the FinTech sector together with the support right for the Blockchain will political strengthens its place right in the Blockchain technology race.”

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The Bitcoin and the Mobile Payment in Africa



Indications are ubiquitous that the Bitcoin use will grow in parts of Africa right in the upcoming years in the mobile payment market in which the statistics unfolds and also the Bitcoin is anticipated to increase up to the summation of 101.34 million users in this year of 2016 actually.
The Co-Founder of the Chankura of South Africa, Thabang Mashiloane utters that they have discovered that there is ±13% of the $128 billion that has been flowing within the premises of Africa in terms of remittances and the hefty number of the unbanked Africans are living outside of their home countries that would similarly be served better in the coming years right when the limitations are established by means of lack of infrastructure right for the Blockchain / Bitcoin use cases by the most African countries is addressed. And this, he noted that it would be at the expense of the mobile payment. And Thabang Mashiloane claimed that “I think that the African continent will be one of the top adopters of the Bitcoin.”

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Singapore, Australia, and Mexico: Citibank Brings Digital Global Wallet



As one of the popular global banks that have been zigzagging with the Blockchain technology, Citibank has made an announcement to the public of launching a digital wallet that will offer their customers with an option for an online, an in-application and also in-store payment necessitates. The launch of the Citi Pay accompanies the bank right into the mobile market in which it is dominated by the leading brands similarly to PayPal, Apple Pay and also the Samsung Pay.

The wallet in which was the most recent digital payments statement right from the bank and also will first launch in the countries like Singapore, Australia, and Mexico together with the tap and pay aptitudes, and also a global rollout will follow right for the customers as a digital extension of their current card relationship. And it will also launch right in the United States of America in the early year of 2017, together with an online, the in-app and also the tap and pay capabilities. Right in the United States of America in earlier this year of 2016, Citibank has made a venture with the Early Warning’s clearXchange network to make possible it’s online and mobile banking customers to be able to send or receive a real-time person-to-person or P2P payments to or from the customers of the participating network banks. It also enables the Samsung Pay for its card members residing right in Singapore and Australia at the same time.

With more than and the summation of over 100 million customers coming from the major cities all across and around the rundown of the 19 countries, Citibank has crystallized the idea of the Blockchain technology as a welcome addition right into the bank’s infrastructure. Right in the Blockchain sphere, the bank right in the United States of America Digital Banking, a report in which was published last June, entitled with the, “Could The Bitcoin Blockchain Disrupt Payments?” in which examined on how the technology will threaten the traditional banks’ place right in the economy. And it also elaborates on how the payment system in which was based on the technology behind the Bitcoin and as combined with the other innovations, perhaps it can fundamentally change the financial service sector; and it must be an outlook as a great opportunity.

Right at this very moment, the Citibank was also working right with the Blockchain startups in particularly with the Chain who had built the Blockchain networks. Nevertheless, it has remained and yet still conservative right on continuing the relevance of the centralized, and traditional settlement systems.

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The Government Seeks Supplementary Control in Paper!



Right in the midst of India’s sudden currency reforms the cash is facing a global crackdown as the government’s move was to take over the control right over the transactions and the paper in the pockets of the people! While the mayhem keeps on urging right on the Indian subcontinent right after Prime Minister Modi had withdrawn the two of the biggest Rupee notes happened to be on the 8th of November, elsewhere other countries are following suit in which complies with very diverse rationales.

The lesser the cash, was it good for the banks? As all across the Indian Ocean, the Australian banks are calling for the scrapping of the dollars of which was the Australian Dollars or the AUD on its highest-denominated cash notes and even the removal of cash altogether? In a recent report, the investment bank UBS has made the case for scrapping $100 AUD and $50 bills in which accounts for the 92% of circulating AUD by value. It also presented the data in which was showing year-on-year drops right in the ATM usage as compared with the mounting credit card transaction numbers.
And the reports have stated that “We deemed that removing the large denomination note in Australia would have a great outcome right for the economy and also will bring good for the banks as well.” Right in the intervening time, the Citibank’s operations in Australia are set to lead the cashless trend and together with the bank declaring that some of its branches will no longer handle cash at all. As the Head of the Retail Banking says that “This particular move right into cashless branches reflects the Citibank’s commitment right into the digital banking and we are certainly investing in the channels that our beloved customers prefer to use.” And a survey in which was conducted by the local bank Westpac last September had further showcase what is apparently a public preference to eradicate the cash transactions. And it found that there are over the summation of 79% of Australians that totally agree that a cashless society makes a total sense.

The criticism of the cash retirement is frequently heard right within disruptive technology circles in which was the banks reeling in the paper means and there is more control over the costs and the money supply and as well as a greater observation of the populace’s transactions. And at the exact and also the same moment, the reduction of cash is considered an almost impossible task right in the economies such as India, where the vast majority of the population count is unbanked and also relies upon the cash or conceivably, right in the future, and in the mobile-based Bitcoin microtransactions. As an another case in this certain point, Venezuela’s decision or regarding the limiting of the ATM withdrawals to the equivalent of just $5, highlights the desperate attempts of the government to be able to take full control of the uncontrollable. And similarly to India, the country’s economic despair have caused the spike right in the Bitcoin curiosity and interest together with the exchange rates that were showing the consumers who are ready to purchase at a premium. The local new resource Diario Bitcoin noted that the rate of Venezuelan exchange in which is the SurBitcoin is right on the brick around the summation of $875 and over 15% higher than the average market rates.

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There Is A New Dollar Currency Right In Zimbabwe!



Zimbabwe has begun printing bond notes that are purportedly dowelled to the United States of America dollar as a means into a restrain inflation as the other countries have made their way into the Bitcoin. Right in a renaissance of the African country’s currency has not being seen in the last seven years and the central bank is endeavoring to restart a Zimbabwean national currency while simultaneously preserving its very own worth right from the inflation. The new bond notes are dowelled into the US dollar, supposedly backed by a $200 million bond facility together with the Afreximbank as a safeguard against the swiftly losing of its worth into the hyperinflation as was the case right with the nation’s last currency. Zimbabwe has faced a currency predicament beginning in the late 1990s. As the inflationary practices being conducted by the central bank has led into the hyperinflation, and doubling the prices in the year of 2001, and making the prices doubled closely in the every single day basis in the year 2007. And in the year 2009, the government had stopped printing money and has effectively taken the Zimbabwean national currency out of use. And since then, the economy has relied on the foreign currencies for a day-to-day transaction basis.

In spite of this certain effort to be able to curtail the runaway inflation by pegging the nation currency to that of a more stable government and also an established economy, the new bond notes have still reflect a lack of trust in the government’s grounds together with the price that they trade for onto the black market US dollars are still accepted at a higher price rate than the bond notes billed as being worth the very same amount. This market value discrepancy has led into illegal money chargers exchanging notes right in the streets. These money changes dot the streets of Harare in maintaining a quite bright step ahead of the police in which was eager to shut their operations down into the ground. And their continued business has shown that the government’s pledge of the new bond notes being inflation bullet proof ring has to hollow the very minds of the populace.

In the countries where the national currency experiences depreciation and deterioration the consumers normally flocked right into the alternative stores of value, particularly the Bitcoin. And in Zimbabwe, the Bitcoin is not illegal but it is not considered as a legal tender either in which defines, one cannot demand its payment for the goods and the services. And this certainly leaves it open right in the possibility for the Zimbabwean to be able to embrace a more unwavering currency at the very least for the time being. As the India’s recent economic disturbance has also proved that the fertile grounds right for the Bitcoin adoption. And the country’s two highest-denominated banknotes have been taken out right in the circulation in which have caused the hardships for the country’s unbanked as well as twinge those who are not being able to exchange their old banknotes right for the new ones. This absolutely led into a recent surge in the Bitcoin usage all around and across the country. And Venezuela has likely experiencing the currency issues at the same time as a part of a full-blown economic fall down had has also made their way into the shift right into the Bitcoin as well as the Dash to be able to stem the ill effects of a runaway inflation right into the national currency.

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The iPayYou Reveals the Bitcoin Payments for the Amazon

The Bitcoin payment gateway iPayYou has stated its Black Friday-inspired Amazon Direct as an integrated tool that is allocating the users to purchase on the Amazon in using their Bitcoin. There are over 100 million of the Amazon products right for the Bitcoin!

The iPayYou in which was launched in this year’s 2016, May, has rapidly amassed the range of tool in which lets the consumers shop right from the mainstream merchants without even touching their fiat currency. As the Founder and the CEO, Gene Kavner has mentioned in one of their press release that, “The Amazon Direct is revolutionizing the means that the consumers are able to spend their Bitcoin by just simply granting them to access to purchase for more than 100 million summations of products at the world’s biggest store.” As the iPayYou previously offered gift cards for the retailers in this includes the Amazon, Starbucks, and iTunes, which the consumers could possibly purchase with their Bitcoin. Its concept is similar right to that of an extant startup Purse.io in which also offers discounts right on the Amazon to the consumers in using its portal to pay with the virtual currency.

Gene Kavner is keenly eyeing a persistent gap right in the market. As a former Amazon Executive, he had noticed that the constant friction right between the customers and the payments is at the very moment that these were conducted by the use of the traditional means. As he mentioned that, “During my time as an Executive at the Amazon, we nearly studied the friction points and also the complication that was being faced by the shoppers in which includes and specifies with the payments.”

Was the Bitcoin is a key solution to do many of those problems? The Amazon Direct tool comes in the form of an integrated tab right in the iPayYou’s platform. The users can fully specify the amount of the Bitcoin to be sent, and whereupon it is completely converted into USD and then added right into their Amazon balance. The users can then shop on the Amazon in using this USD credit line. Gene Kavner wholly describes it as “the most direct means to spend the Bitcoin anywhere and anytime.” And he also stated that “As we want the Bitcoin to be the every single day default currency and the very only way for that to become a reality is to be able to provide the consumers with the practical ways to spend their Bitcoin.”

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Venezuela: Bitcoin For Their Basic Goods!

The Venezuela’s national currency in which is the Bolivar Fuerte is hastily bringing up rare value right into the middle of the hyperinflation. And the official foreign exchange or the FX value of the Venezuelan Bolivar is recently at $1 to 9.95 VEF but in the veracity check right in the entire country’s black market, the local inhabitants were paying around the summation of over 5,000 VEF for $1! And to be capable enough of steering clear of the devaluation of the Bolivar and also obtain the essential daily goods at the exact and the very same time, the Venezuelans have begun on relying on the Bitcoin to be able to finance their day by day expenses and needs.

According to into the local exchange rates, the summation of 100 Bolivar is corresponding right into a total of $0.02. As we all have known, the 100 Bolivar is the country’s premier denomination banknote but still the government has demonetized it on the earlier part of last year’s December. And as an outcome, the Venezuelan economy and also their monetary system was experiencing havoc and tragic downfall and the people of Venezuela were struggling to be able to obtain cash right into financing their every single day living basis.

And currently, the largest denomination banknote is the 50 Bolivar in which worth equals with a total of $0.01. So just for a quite example in their situation, the Venezuelans would possibly need a summation of 200 of the 50 Bolivar banknotes to be able to purchase bread or else a meal, in which is around a total of $4. And according to in the Bloomberg News Chief in Venezuela, Nathan Crooks, the citizens of Venezuela are having stacks of cash right into their pockets, purses or handbags just to be able enough upon purchasing the basic needs in which pertains to food, toiletries, water and etc.

And the very reason why the people do switches right into the Bitcoin is… The Bitcoin as a decentralized digital currency showcases enough qualities in which underlying with the high liquidity; unwavering global exchange rates; and most notably was it's transportability. And even if the Venezuelans do purchase the US Dollars on their local black market; the currency controls right in the airports and also into the borders and makes it almost unfeasible to be able to bear foreign currencies outside of the country.

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Tips Upon Pulling Off The Mass Adoption For Cryptocurrency!



The Bitcoin in which is the world’s biggest cryptocurrency keeps on taking its move upon defying all expectations of an early downfall and soar higher right in its value and usage through time to time. And its adoption as the everyday cash was still slipshod in the midst of the ordinary populace and it’s been what, almost eight long years right after the digital currency were born and had first emerged in the global market.

Despite the fact that it was labeled as the “first cryptocurrency” at this very moment it is not making a loud bang anymore, but the title as the “digital cash” still remains uncertain yet also unclaimed, and still on the line to be budged by any other digital money. And to be capable enough to become the widespread medium of the exchange right in the great swaths of the world, and a cryptocurrency foremost requires upon fulfilling a quite number of necessities.

Tip Number One – Trouble-free and low cost of fees per transactions. Just set aside regarding the cryptocurrency for a moment. Right at this period, the ordinary citizens turn to use either of the cash or the card for everyday basis of the transaction. When you talk about the cash, cash has no transaction cost of fees but it acquires you to be physically at hand and also have a sufficient change, while the card transactions are comparatively instantaneous although it has final confirmation and frequently occurring at the very next day, and even though the cost of fees are reasonably expensive it is adequate to be able to disincentivise quite small transactions. And any single cryptocurrency is a massive desire to be able to make inroads together with the ordinary people and hast to beat neither of the two by having quick, reliable and much more affordable cost of fees in each and every single transaction.

And the Bitcoin has been showcasing this quite advantage above all. Although the margin in which it is growing slimmer by the very day, and even if it may not be sufficient to be able to entice the entire public to be capable upon deserting the traditional financial means. And any of those two in which were the cash or the card replacement has to be superior by an outsized enough margin to be able to warrant a change. And it quite the same when it goes regarding the cost of fees. Cash has no required fees. The other money transfer tools pertaining right into the cards and the bank accounts are being capable enough upon charging fees due to the fact that they are always been able to function all across borders and great distances together with a greater quality and efficiency. While the cryptocurrency has those exact and the very same advantages over cash, and as such can be anticipated to have an associated transaction fees at the same time. On the other hand, that certain fee must be notably lower in order to allure your average consumer to keep away right from the banking systems. Big companies can manage to pay for major payment charges to be able to save just a few cents each and every single transaction that they will make right because of the massive scale that they can showcase, but the ordinary populace, sad to say that they cannot afford that much.

Tip Number Two – Progresses Right Into The Bitcoin’s Basic Figure. The Bitcoin maintains a mammoth step ahead when it comes right into the adoption than the other cryptocurrencies. Compared with the traditional financial systems, the Bitcoin can be able to provide adequate benefits and also progresses to be able to warrant a switch. And it a certain currency would desire to beat the Bitcoin as the new money, it has to be independently much better. A quicker, more reliable and much cheaper transactions plus the factor of more anonymity, a much-improved governance structure and also any other features are necessary to be set right in another coin to be able to justify its very own use and also its adoption. And if all of sudden a cryptocurrency can be able to pull out stuff like the Bitcoin in the very exact and also the same way, its chances of taking over as the digital money of the near and approaching future will be tremendously slender.

Tip Number Three – An Aerodynamic Bitcoin Substitution Method. At this very moment, the Bitcoin upholds an immense lead right in the adoption over every other cryptocurrency. And that certain lead has gained an assurance and also its publicity, not just of the Bitcoin alone, but also of the cryptocurrency and at the very same boat is the Blockchain technology. Giving the very best shot to be the finest of the great front-runner of the digital currency right from the scratch and also without a truly confounding altitude of difference right between the two, will not merely take place. The only way to be able to compete and catch up with the Bitcoin, as pointed out beforehand, it to be capable upon providing at the very least as much as the utility and also a hefty chunk of the Bitcoin’s utility is its key right in the adoption lead. And what any other cryptocurrency requires, right then is a quite simple and proficient means to be used right in the Bitcoin’s place in which pertains with an automatic exchange built right into the wallet.

Tip Number Four – A Trouble-Free Fiat Currency Conversion Scheme. Whether you like it or not, the entire world at this time still runs on a government-issued fiat currency. And living a completely off of the cryptocurrency, without any single means of the conversion right into the fiat was enormously hard enough at this very moment and not a feasible choice for the most number of people. The average person will possibly need an effortless way to be able to purchase and also offload a cryptocurrency at the very same time so it will be a convenient option right for them. And most of the cryptocurrencies are only without a doubt accessible upon getting your hands on the Bitcoin, first. And in order to become fully dominant and also extensively accessible at the same time, that crippling dependence right on the Bitcoin wishes to end.
Tip Number Five – A Much Aggressive Adoption Promotion In Which Targets The Common Populace. Finally, to be capable enough to entice the world at a massive extent, the digital currency needs to be presented right in a way where it can resonate with most number of people. And at the same time, some of the technical users will much care about the hash rates, the cryptographic keys, the smart contacts and also the ring signatures, that the average folk will not. In which particularly means that they needed to reach out with the language of a cheaper cost of fees, more rapidly access right into the funds, with extra reliable security and also less paperwork, and etc. And the only way that any single body must know why the cryptocurrency totally makes sense right for them is for someone to tell them why or even how. And to be able to attain that, a flourishing marketing campaign is quite necessary.

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Yes To The Bitcoin Investment!

The United Kingdom’s Channel Islands have given their approval right into the Global Advisors Bitcoin Investment Fund or the GABI in which making a mark the launch of the world’s first listed and regulated Bitcoin fund.

GABI in which was first known since the year of 2014 is the Global Advisors’ first innovation and later on the group had launched the COINXBT and the COINXBE in which are both made a remark in pioneering debuts on the Swedish Nasdaq.

People were asking, is it the right time for Bitcoin? Well for GABI, “Time is right for the Bitcoin” in which the Global Advisor Principal Daniel Masters had stated right in a press release. As he continues to reveal that the Bitcoin right now has a market capitalization of over the summation of $12.4 billion in which is an all-time and together with roughly 16 million coins in issue. The Bitcoin is the leading digital currency in which ranks at the 73rd place right in the total amount in the circulation on the global list of the M1 forms of money. He also claimed that the recent analysis in which shows an eight-fold increase right into indirect value by 2026 also lend a hand urge the listing.

And GABI is being supported by the local firm Verras Professional Services, whose Director Jonathan Bale is also the specialist at the alternative asset law firm in which assisted the fund list productively. The pay-off right from the exchange listing is not least enhancement to the funds’ repute, he also affirmed that with GABI right now we’re able to illustrate the oversight based on attentiveness and monitoring that comes together with the regulation and an exchange listing at the same time. He also added that this is the proof right into the hard works that the Global Advisors’ principals… have set into developing an institutionally vigorous contribution.

The fund was already the very first regulated Bitcoin fund at its launch right from the past two years ago; together with Daniel Masters toting up that the new first was nevertheless an outcome of how far the innovation had come. He commented that in today’s listing of GABI on the CISE recognizes how far we have made it over the last two years since GABI was launched as the world’s very first regulated Bitcoin fund as well as the transformational part the Bitcoin is beginning to portray as a global currency and its emergence as a significant, uncorrelated asset class for the investors.

On the other hand, the pursuit right for the dexterity of the Bitcoin instruments is in the intervening time far from over. And in the earlier part of the last year’s 2016, the fellow British territory Gibraltar had launched the very first Bitcoin exchange-traded instrument and it also became the Europe’s very first regulated Bitcoin instrument and the trading on the Gibraltar Stock Exchange and Germany’s Deutsche Börse.

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Mexico: Cancun-Based Group Promotes The Bitcoin!

Recently, you cannot go that far together with Bitcoin right in Mexico! But on the other hand, a Cancun-based group in which is the Bitcunner is working to be able enough to change that view and by promoting the use of the Bitcoin and the other cryptocurrencies right in Mexico. The group consists of IT experts, consultants, and also software developers that are pouring their heart and their skills to make the Bitcoin accessible in Mexico. Formed right after the Linux Group concept it is their main concern is to be able to reach all Mexicans with the Bitcoin knowledge and the user support.
A founding member of the Bitcunner, Alejandro Colorado mentioned that they wanted to establish a worthwhile knowledge base right on the way into a better use of Bitcoin and the other cryptocurrencies on and offline. In year of 2014, the Central Bank of Mexico has discouraged the Mexicans right from using the Bitcoin and the other cryptocurrencies by the means of issuing a warning that turned the virtual currencies with an image of being risky and unreliable. The groups similarly with this are consequently well-timed and essential in.A Mexico. As the organization runs a social media network pages, chat groups and forums and according with Alejandro Colorado, they are also doing an offline meetups, interviews right on the traditional media and conferences all across and around various universities at the same time.

Does the Bitcoin have an awful reputation on Mexico? Well, unfortunately, the traditional media has promoted the bad sides of the Bitcoin. That is why we desire to erudite the people regarding what it actually capable with and as a community; plus it could be much easier to showcase more open environment, and having a reputation for being a high technological community makes the people more comfortable with the message. That is why we are also teaching any other communities all across the nation to create their groups as well, as quoted by Alejandro Colorado.
With this certain period, the group’s main agenda is to push for the merchant’s acceptance of the cryptocurrencies as the payment right for the goods and the services as well. And even though that there are hotels and restaurants that accept the Bitcoin; and although the usage of the Bitcoin is still expanding right into the world, further education and enlightenment regarding the digital currency is much needed. And the group still hopes to be able to educate more and more businesses on how to use the Bitcoin in healthier and improved ways.

Bitcunner truly deems that with the proper education regarding the Bitcoin, it could possibly take right into deeper roots in Mexico. And the other aspects in their point of view that will aid the Bitcoin adoption in Mexico are insensitive and unprofessional conduct of the monetary system. And we presume that the constant devaluation of the nation currency of Mexico have been edifice an attestable proof of how smart of an investment is it to get into the Bitcoin. And with President Donald Trump’s administration has set to block the Mexican migrants’ remittances right from the United States of American into Mexico, and supplementary education and also promotion at the same period is quite needed of the Bitcoin to spread in the Latin American country.

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Bitcoin Platform For Natural Disaster Donations!

An Italian startup produces a Bitcoin platform right for transparent disaster donations. HelperBit is the Italian startup that has created the platform to manage the natural disaster donations.

The project was established in the industry in the year 2014, and only now it has started to accept donations and also thanks to its collaboration partner together with an Italian non-profit organization Legambiente for making things possible. And based on the recent press release, HelperBit will fully assist Legambiente to be able to raise funds right for its campaign entitled with “The Rebirth has a Young Heart” in which aims to dedicate to the youth entrepreneurs right in the Italian areas that have been affected by the earthquakes in the year 2016.

A wholeheartedly with gratitude to the Blockchain technology, the HelperBit just add another channel right for the fundraising and it fully showcases to the donors a crystal clear figures and explanation on how the economic flows. Davide Menegaldo in which is the COO of the HelperBit and who is also the Co-Founder of the Blockchain Education Network Italia utters that the Blockchain technology has the very potential to be able to provide the substantial benefits right into the humanitarian sector and together with the HelperBit we aspire at getting a non-profit organization's closer right to this particular innovation to be able to enhance several features of their operative infrastructure. He fully emphasized that he was delighted as the open-minded and popular Italian organization like the Legambiente has adopted this certain technology and he truly look forward that the other organization will soon be able to understand that the Blockchain can take the lead in assisting the reshaping of the charity sector, improving and lessening the suffering of the entire human race.

To embark with “The Rebirth has a Young Heart” endeavor, the Legambiente has relied on the HelperBit to scrutinize the overall summation that was received right from the charity donations and later to ensure of how the money will be spent. The National President of the Legambiente, Rossella Muroni has noted in one of the press release that by with the choices that we made, at this very moment we are leading a non-profit organization in Italy and right among the few in the entire world that are accepting donations all the way through this particular payment method in which was the Bitcoin in which guarantees into the donors a full traceability and transparency of both of their contribution and the outcomes that is being obtained right from it.

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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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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.

Read More: www.ecoin.eu

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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%


More: http://www.ecoin.eu/en/info/fees?type=fiat
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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.

Read More: www.ecoin.eu

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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.

Read More: www.ecoin.eu

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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.

Read More: www.ecoin.eu