1001+ Bitcoin ATM Map Locations Near Me (2020 Updated)

Predictions for the future of cryptocurrencies

It was in the year 2017, cryptocurrencies skyrocketed to the next level. But, the future of Cryptocurrency is still getting plenty of predictions every moment. People from different domains have started looking for these predictions. In December 2017, Bitcoin broke the trading charts by surging up to $20k, and became the most worthy cryptocurrency to the world.
Even though Cryptocurrencies will impact the future — the regulations will keep getting tighter. Countries like United States, United Kingdom, Australia have accepted Cryptocurrencies. In future, there are chances that other countries will come forward and accept Cryptocurrencies. We are all hoping that countries like – Mexico, Thailand, and South Africa will take the necessary steps to make crypto legal and adopt the Blockchain. But, what do cryptocurrencies hold for us in the next decade? Here are the 10 fabulous predictions for the future of crypto’s.
Everyone will start to use Cryptocurrencies — and they may not even be aware of it.
Though it has been a decade since the arrival of Cryptocurrencies, there are people who aren’t aware of it. They make use of the traditional method of transactions to manage the money flow. In the future, businesses will start using Cryptocurrencies to pay for their services. With this, businesses will remove the middleman from various processes. And it will reduces costs and makes their services cheaper for the end user. All this will happen even when people aren’t aware of the cryptocurrencies. Bitcoins will hit $1 million.
John McAfee has predicted a very bold thought about Bitcoin hitting $1 million by the end of 2020. He believes that, crypto currencies are the most trusted ones. Once the Bitcoin takes over the global economy, the demand will increase and the traditional dollars will no longer be needed.
The owner of Snapchat, Jeremy Liew and Blockchain co-founder Peter Smith predicts that by 2030, the price will have reached $500.000.
In the future, Bitcoin will act as Remittances for many people. Lack of knowledge can make the people buy Bitcoins as a safer mode of investment similar to Gold. With smartphone transactions, half of the world will march towards non-cash transactions by the year 2030. Cryptocurrencies will replace Fiat currencies. According to Draper, one of the Crypto Enthusiast has recorded his view on the same. He says Fiat currencies will disappear as people will start marching towards cryptocurrencies like Bitcoin, Ethereum, etc. The major reason for this adoption is people believe cryptocurrencies as the reliable storages of value across country borders and political aspects.
If you consider the most popular cryptocurrency, Bitcoin, it has reached the top 30 currencies list by passing the $10.000 hallmark. Thus, most of the experts predict Cryptocurrencies are here to stay by being an alternative for Fiat Currencies. Moreover, it is said that the total lifespan of fiat currencies will be at a maximum of five years.
Government Agencies will soon adopt Blockchain Technology.
Countries with SEC Guidelines will start adopting Cryptocurrencies for their Governments. Currently, Government agencies are maintaining a separate database. Each agency is dependent on the other for its processes. This has been a tedious process nowadays. When Blockchain comes into the picture, the distributed ledger can provide effective data management to enhance the process and make it simplified.
In the next ten years, we can expect powerful cryptocurrencies to rule the Governments and manage the cash flow in the country. Crypto enthusiasts predict Government agencies will soon start adopting this Decentralized systems for their processes. For example, the Estonian Government has already adopted Blockchain Technology called X-Road, which stores the complete credentials of all citizens.
Future of Cryptocurrencies will integrate with Internet of Things.
IoT is already here. When both these giants get combined, we can expect a fantastic future of technologies without any doubts. According to the recent report by IDC, it is expected that Blockchain Technology will join their hands with the Internet of Things soon.
The primary motto of the integration is to render a highly scalable and secure framework for communication between IoT devices. Yet another thing is Cryptocurrencies have the stability to make micro-investments for smart devices in an efficient way.
Cryptocurrency Exchanges Trading.
The Trading enthusiasts in the crypto world are marching towards cryptocurrency exchanges for trading. In the near future, more cryptocurrencies will come into existence. With the growth in the price of cryptocurrencies, users will start trading with different currencies.
As Bitcoin is the popular cryptocurrency till the date, Ripple will also emerge to be the next Bitcoin in the future years. Along with this, Ethereum, Litecoin, Stellar will start to uprise their prices. As the price starts rising, it will have a great impact on crypto exchanges and the crypto world.
Banking and Financial industries will undergo disruption.
Blockchain and Cryptocurrencies have a lot to do with Banking and Financial sectors. Banks will eventually accept cryptocurrencies to reduce their complexities. Here are a few things cryptocurrency will do:
People will start opening Cryptocurrency Bank Accounts. Cryptocurrency Debit cards will become a normal thing. Instead of withdrawing money, one can buy Bitcoin and other cryptocurrencies directly from ATM’s. Banks will be ready to offer cryptocurrency loans to suitable candidates. Cryptocurrencies will make an instant process.
Do you want to send money back to your parents living on the other side of the world? It will just require 5 seconds to send your $5000 to them with fewer transaction fees. You don’t need to wait for 3 days to fill their pockets.
In addition to the fast transactions, Blockchain Technology will bring in the feature of downloading or file transfer within seconds. Blockchain copies of games, music, videos, books will be sent to your cryptocurrency wallets at a higher speed which would eliminate today’s file transfer services.
New Cryptocurrencies will start emerging.
Though Bitcoins, Ethereum, Litecoins are ruling the world for now as they are the first Blockchain products invented. Innovations don’t stop here! Most of the new cryptocurrencies will start emerging and the future lies with them.
These cryptocurrencies will be far different from the present ones. Just imagine a cryptocurrency which can identify the individual’s reputation and lets you in investing in them! Great right? No wonder that we aren’t far away from it!
Cryptocurrencies will still be volatile.
Despite the measures to stop volatility, Cryptocurrencies will still implement the factors to eliminate it. The major factors for low volatility are regulation of the country and the markets. But when cryptocurrency trading emerges at its peak, cryptocurrencies would experience a deep feeling of relief.
submitted by anoukbonami to investment [link] [comments]

When I travel to the Philippines, I can withdraw cash from my BTC wallet at any conventional bank ATM, with fee's 5 times lower than using debit cards!

Hi folks,
I wanted to share my story of how i use bitcoin and why its a big deal. As someone who has to travel frequently, accessing cash abroad is either a hassle (bring cash, find money changer), or I have to pay large amounts of fees to withdraw at the atm. If i use my debit card there to get cash, i pay 5$ overseas fee + shitty exchange rate + 200php (5$) local bank. So with a typical withdrawal of 100 bucks, i pay about 10-15% fees.
Now in the Philippines, you can withdraw cash directly from your bitcoin wallet (coins.ph) to any security ATM (one of the major banks) for free. So when i need cash, i buy btc via coinhako (0.9% fee), transfer it to my coins.ph wallet. Their withdrawal option in the app will give me a code, which i can enter at security bank ATM and get cash without any ATM card. The conversion btc-php comes at a approx 1.25% fee. So overall i am able to get cash overseas for max 2.5%.
A nice plus is also, that at the end of the trip, i can pay my remaining peso back into my btc wallet at any seveneleven.
Now who needs a bank account anymore?
submitted by Schizo-Vreni to Bitcoin [link] [comments]

Best (cheapest) way of transferring money from Thailand to USA?

I'm curious what solutions people have come up with to get money transferred from Thailand to USA with the least amount of fees. My wife has customers in Thailand and they send her money via Western Union, but this can add up to quite a large fee when it's a few thousand dollars per transaction sometimes. I'm trying to reduce those fees to lessen the shock for some customers. I'm wondering if it would be cheaper to use a wire transfer, and how convenient this would be for the customer vs. Western Union. I see that Bangkok Bank says it's 1150 Baht + potentially additional fees if our bank hits them with fees. I'll need to check with my banks what those fees are. I do have a Schwab checking account, which had no ATM fees when I was last in Thailand, but I'm not sure about their wire transfers. Anyway, if anyone has any experience with this and can share, it would be appreciated.
submitted by exoxe to Thailand [link] [comments]

Can somebody help me verify if I can withdraw money from this bitcoin atm in bangkok?

Hi all, hope I've found an appropriate place for this question.
I'm an expat in Bangkok, thailand, and I've went and lost my wallet (doh!). I've cancelled my cards and ordered new ones and all that fun stuff, but while I'm waiting for that to happen I'm wondering if somebody can help me verify that this (linked at the bottom of this post) bitcoin atm will suffice for withdrawing money. The other alternative is paypaling somebody back home to send me a western union transfer, which works but involves a bunch of steps and the exchange rate is shit.
I do however have cashapp, and I've done all the required steps to verify my account with them to be able to use a bitcoin atm (though I've never actually gone through the process.)
I suppose my main question, is "selling" a bitcoin in this context the same as "getting physical currency"?
Does anyone know what the general fees are with these machines? Is it standardized or machine dependent?
Thanks all! Much appreciated in advance.
https://coinatmradar.com/city/14/bitcoin-atm-bangkok/
submitted by Nuetrinostar to Bitcoin [link] [comments]

r/Bitcoin recap - March 2019

Hi Bitcoiners!
I’m back with the 27th monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
A recap of Bitcoin in March 2019
Adoption
Development
Security
Mining
Business
Education
Regulation & Politics
Archeology (Financial Incumbents)
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

What is the best way to transfer money from America to Thailand?

submitted by jcpinbkk to Thailand [link] [comments]

Stellar Lumens HODL alert: 2017 Round up, Partnerships, Lumens vs. Other Cryptos

Welcome everyone! The future of Stellar Lumens is bright! Today we will look at the accomplishments of Stellar.org in 2017.
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2017 Round Up
IBM / Stellar Partnership
• Kik Messenger’s KIN coin to move from Ethereum to Stellar in 2018
• Stellar ATM introduced in Singapore
• Jed McCaleb confirms IBM/Stellar has 30 banks on board (Youtube Video)
Lightyear.io enables forward thinking financial entities to easily join the Stellar ecosystem.
• IBM adds 8 new validators from 8 different countries onto the Stellar network (article)
Forbes calls Stellar “venmo, but on a global scale - and for larger bodies like banks and corporations.”
• Stellar Lumens Is Up 6,300% Since March and Is Aiming for Big Blockchain Partners (article)
• Many new partnerships (listed below) that will be using the Stellar network in 2018.
Binance and GoPax Exchanges Adds Stellar
Ledger Nano S support is now available for Lumens (XLM)
• The next coin to break into the top 10 cryptos (article)
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2017 Partnerships & Financial Institutions
IBM - is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries. IBM partnered with Stellar to help financial institutions address the processes of universal cross-border payments, designed to reduce the settlement time and lower the cost of completing global payments for businesses and consumers.
SatoshiPay - a web payment system that helps online publishers monetize digital assets like news articles, videos, or PDFs in tiny increments without friction.
EXCH.ONE - is a FinTech software company based in Switzerland currently working to integrate its platform and its first technology adopter Euro Exchange Securities UK Ltd. into the Stellar network. This addition to the Stellar network will bring access to currency markets of South and Central America,UK and a number of EU countries.
Novati (ASX:NOV) - is an Australian-based software technology and payment services provider. Novatti is currently working to integrate it’s platform into the Stellar network with the ultimate aim to build a global money transfer solution to provide cross border, cross currency and cross asset payments.
Pundi X - is an Indonesia based fintech company that provides POS device, debit card, multi-currency wallet that empowers individuals to buy and sell cryptocurrency at any physical store in the world. They say "buying cryptocurrency should be as easy as buying a bottled water."
MoneyMatch - is a Malaysia based fintech startup that provides a fully-digital peer-to-peer currency exchange platform for customers to transfer and exchange foreign currencies with complete ease and at great value. The company plans to integrate with the Stellar network and enable pay in and pay out from Malaysia.
Streami - is a Korea based fintech company that offers blockchain enabled cross-border remittance service and recently launched a cryptocurrency exchange. The partnership extends both on the exchange side and remittance operations.
Neoframe - is developing and marketing trading solutions for big brokerage firms in Korea and extends its business to blockchain based applications. Neoframe developed high performance centralized cryptocurrency exchange as well as secure wallet solutions and is working with big financial players. The company is planning to launch a remittance business for ASEAN countries (Thailand, Vietnam, Indonesia, Malaysia, Philippines, Singapore, Myanmar (Burma), Cambodia, Laos, Brunei) using Stellar.
SureRemit($RMT) - is a Nigeria based global non-cash remittances company. SureRemit leverages the Stellar blockchain platform to connect immigrants abroad directly with merchants that provide the services needed by their loved ones back home. With Remit tokens, immigrants all over the world can access digital shopping vouchers that can be spent on goods and services at accepting merchants wherever they are.
Cowrie Integrated Systems - is a Nigerian based Value Added Service Provider. Cowrie provides services at the intersection between telecoms and finance. Cowrie recently joined the Stellar network to bring novel fintech services to the African market.
Smartlands - is a Stellar-based platform designed to create a new class of low-risk tokens, secured by real, profitable assets in the real-world economy. Smartlands is designed to promote investments in the agricultural sector by allowing investment in individual projects, agricultural companies or indexes of groups of projects. These investments will be fully collateralized by agricultural real estate, other productive assets such as fruit or nut trees or, in some cases, the actual crop.
Klick-Ex - is an award winning regional cross-border payments system delivering financial infrastructure for emerging markets. It has been responsible for dramatic uptake in digital financial services in unbanked regions of the world, and lowering costs for banks, central banks and consumers in low liquidity currencies. Its key presence is in the Pacific and Europe, and it is a founding member of www.APFII.org processing more than 775,000 transactions per second, per billion of population (source).
Mobius - Mobius connects any app, device, and data stream to the blockchain ecosystem. Our simple and easy to use bidirectional API allows non-blockchain developers to easily connect resources to smart contracts and more. The Mobius MVP acts like Stripe for Blockchain by introducing innovative standards for cross-blockchain login, payment, smart contract management, and oracles. The Mobius Team includes David Gobaud, Jed McCaleb (Stellar.org founder), Jackson Palmer (creator of Dogecoin), and Chandler Guo (notorious Bitcoin & blockchain investor).
Chaineum - Chaineum, the first French ICO Boutique, will use the Stellar network for upcoming ICOs. “Chaineum is positioned as the first “ICO Boutique” in France, providing a range of end-to-end services to companies and international start-ups wishing to develop with this new funding mechanism. Chaineum is preparing 8 ICOs by the end of 2017, for European, North American and Asian companies, of which cumulative amount could reach € 200 million." (source)
Poseidon Foundation - Poseidon will simplify the carbon credit market with the creation of an ecosystem built on Stellar.org’s blockchain technology. This technology will prevent double counting of carbon and will be consistent across jurisdictions, making it easier for companies to deliver and measure progress towards their climate targets or other goals such as deforestation-free commitments.
Remitr - Remitr is a global platform for cross border payments, licensed in Canada. Remitr uses the Stellar network for international settlements for businesses as well as other payment partners. Remitr’s own payout network of 63 countries, comprising several currencies, is extended onto the Stellar network.
MSewa Software Solution (MSS) - MSewa Software Solution (MSS) Payments provides a one-stop digital payment service available across the Globe. MSS Payments aims at serving the consumers (Banked, Unbanked and Underbanked) with mobile banking facilities on the move from anywhere by transferring funds in their mobile phone.
PesaChoice - PesaChoice is a leader in international bill payment services for the African diaspora. PesaChoice aims at making international bill payment process easy, seamless, secure, with reasonable and competitive service fees, and up to date technological advances.
SendX - Singapore based SendX, in partnership with Stellar, is the better way to move money worldwide. The SendX team believes that the future of transactions is decentralized and distributed, bringing true equity to everyone across the value chain.
VoguePay - VoguePay, with offices in the United Kingdom and Nigeria, is partnering with Stellar to become the cheapest and most efficient way to send money between the United Kingdom and Nigeria. In the coming months, they expect to expand this service to other selected African countries.
HashCash - Hashcash consultants build financial solutions for banks and financial institutions over blockchain. We leverage the Stellar platform to build products that vastly improve the remittance and payments experience for banks and their customers. Transfers happen lightning fast at a fraction of current rates and operational cost is significantly reduced. HashCash is headquartered in India, with operations across South Asia and the Gulf.
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Stellar Lumens vs Other Cryptocurrencies
Lumens vs. Bitcoin: Jed McCaleb spoke at Distributed Markets in 2017 about the advantages, but more importantly, the disadvantages of Bitcoin. Listen to the talk here. Jed said, “Bitcoin is this awesome innovation. The first thing it does is converts a real world resource, electricity, into a digital asset. So it takes something from the real world and puts it into the digital realm. The second thing it does is provides immutable public record. It’s basically a database that everyone can see but no one change arbitrarily… That’s great, Bitcoin solves the double spin problem [ of proving possession and transmitting volume]… [However, to fix the problems of bitcoin] you might think well maybe we’ll just kind of keep adding [software] to Bitcoin until we get there, but that’s not really the way software works. You want to have the design from the beginning and solve these simple issues. Bitcoin was designed to be a new currency, it wasn’t really designed to be this unifying universal payment network. So that’s what Stellar does. It solves these three remaining issues.”
Lumens vs. Bitcoin #2: According to wired.com, "Bitcoin mining guzzles energy - and it's carbon footprint just keeps growing." Wired says "Today, each bitcoin transaction requires the same amount of energy used to power nine homes in the US for one day... The total energy use of this web of hardware is huge—an estimated 31 terawatt-hours per year. More than 150 individual countries in the world consume less energy annually. And that power-hungry network is currently increasing its energy use every day by about 450 gigawatt-hours, roughly the same amount of electricity the entire country of Haiti uses in a year." Because Stellar is based on a consensus algorithm rather than mining, it takes much less energy to run the Stellar network. The Poseidon Foundation decided to build their platform on Stellar rather than Ethereum or Bitcoin because of this (twitter source).
Lumens ICO tokens vs. Ethereum ICO tokens: According to Stellar.org, "traditionally, ICO tokens have been issued on the Ethereum network in the form of ERC20 tokens. ERC20 tokens are easy to issue and are infinitely customizable using Ethereum’s smart contracting language. However, recent events have highlighted and exacerbated some weaknesses of the network, including slow transaction processing times for the network during ICOs and increasingly expensive gas prices (by fiat standards) for transactions and smart contract execution. Moreover, many organizations require only basic tokens; they adopt the risk of Ethereum’s Turing complete programming language without taking advantage of many of its benefits."
"While Ethereum has the most expressive programming capabilities, we believe Stellar is the best choice for ICOs that do not require complex smart contracts. Stellar’s primary goal is to facilitate issuing and trading tokens, especially those tied to legal commitments by known organizations, such as claims on real-world assets or fiat currency."
Stellar vs. Ethereum #2: The median transaction time on Stellar is 5 seconds, compared to approximately 3.5 minutes on Ethereum (source). Stellar has a negligible transaction fee (.00001 XLM ~= $0.0000002) with no gas fee for computation, while depending on the complexity of the computation, the median cost for a transfer on the Ethereum network is $0.094. Security: While both Stellar and Ethereum run on a decentralized network, the Stellar network has fewer security pitfalls. Stellar uses atomic transactions comprised of simple, declarative operations while Ethereum uses turing complete programming capabilities which produces less auditable code and greater risk of exploitable vulnerabilities (source). Recently, a security flaw in the Ethereum network froze millions of dollars. According to Mobius ariticle written by David Gobaud, "On November 6, 2017, Github user deveps199 'accidentally' triggered a bug in Parity, a popular Ethereum mult-sig wallet, that froze more than $152 million in Ether across 151 addresses. The bug impacted several token sales including Polkadot, which has had ~$98 million out of its recent $145 million sale frozen."
"Mobius had none of its ongoing pre-sale Ether frozen because we do not trust Ethereum’s Smart Contract based multi-sig wallets given the vast Turing complete attack surface and did not use one. Security broadly is one of the main reasons the MOBI token that powers the DApp Store is a Stellar Protocol token and not an Ethereum token."
Lumens vs. Ripple: According to Wall Street Bitcoin Exchange, "Many investors like to compare the company [Stellar] to Ripple, and there are a lot of similarities, being that some of the founders worked on the Ripple team. In what can now be looked at as another blockchain development drama that plays out on chat boards and in interviews all across the globe. Stellar declared they fixed Ripple’s problems with their hard fork, however, Ripple has failed to admit to any of the flaws in its design that the Stellar team has pointed out." The article concludes by saying, "We Choose XLM Over XRP For 2018. That is why we are going with Stellar Lumens over Ripple in our portfolio for the rest of 2017 and 2018. After holding Ripple for a long time this year, it just never seems to make the big break like other names with bigger market caps like Bitcoin Cash, Dash, and Litecoin have. While we are holding on most all our larger market caps, we feel that Stellar Lumens will be one of the break out coins for 2018."
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Conclusion
The stellar.org team is doing an amazing job making partnerships and pioneering the use of blockchain technology for various types of transactions. What we are seeing is a new technology that can actually be used to solve real-world problems. As a community, we need to continue supporting Stellar and we will quickly see it power transactions across the world. What are your thoughts about Stellar? What do you see in the future of Stellar? Any important news you want to share? Comment below.
submitted by chargingerman to Stellar [link] [comments]

In case you missed it: Major Crypto and Blockchain News from the week ending 12/14/2018

Developments in Financial Services

Regulatory Environment

General News


submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

OMG GREAT synopsis by /u/Beastly4k

I have been very focused on OMG for a while now and jotting down the interesting bits in wordpad whenever I read an article, listened to a podcast, watched talks/meetups and found something worth noting. I managed to clean it up a bit and format it for reddit the best I could after getting all the new information from the Town Hall Q&A last night. As talking about each point would make this 30 times longer to go through I tried to simplify it but there is much more information to OMG than just this and if you haven't looked into it yet I think you should.
Omise/Omisego origins and involvement in Plasma Development Omise is a payment processing company started in 2013 and is now making the move to the blockchain
Omise's entire existing userbase will be supported by Omisego
Omise has over 50,000 merchants and over 420 million customers (some seen here)
Featured on cover of Forbes Thailand in October 2016 as "Fintech Rockstars" Omise awarded the Digital startup of the year award in 2017 by Thailands Prime Minister
Thailand ministry of finance intergrated
Omise Facepay technology Blockchain lab created in 2015
Involved in Plasma development before its public announcement
Merchant volume of over $30 Billion from only what we know about
First to run Plasma and will provide scaleability to Ethereum
Wallet/SDK is open source and white label allowing any business or financial entity to use the network without a formal partnership (Anyone from a local bakery to Paypal and Visa could use the network simultaneously)
Staking rewards for validating transactions paid out in your choice of coin *May be limited choices
Dex that will provide crosschain transfers to any coins and provide cash in/out services
Currently working with many people on the development of plasma/omg including Joseph Poon, Vitalik, David Knott (Now an OMG Dev), Karl Floersch and more
Plasma to allow 1 million TPS from the start and theoretically scale to billions
Wallet release in Q1 with "conglomerate" integration within a month of release
Staking available in Q2
DEX TBA (See town hall info below)
Advisors
Thomas Greco (Special Advisor) Advisor to the Interchain Foundation developing Cosmos Network, the Web3 Foundation developing Polkadot, and has previously served as an advisor to the Ethereum Foundation.
Vitalik Buterin (Proof-of-Stake Research: Scalability, Safety, Privacy and also Involved in development of Plasma) Founder of Ethereum
Joseph Poon (OmiseGO Principal Author and also Involved in development of Plasma) Lightning Network Co-Author
Karl Floersch (Proof-of-Stake Research: Cryptoeconomics, AI Ethics, Implementation and also Involved in development of Plasma) Casper (Ethereum) Researcher
Roger Ver (Decentralization Advisor, Human Rights Advocate) CEO of bitcoin.com, First Major Backer of Earliest Crypto Startups
Dr. Gavin Woods (Consensus Technology Research, Development and Utilization) Co-Founder of Ethereum, Founder of Parity & Polkadot
Jae Kwon (Proof-of-Stake Research - BFT Consensus, Speed, Interoperability) Creator of Tendermint, and Cosmos Network
Vlad Zamfir (Proof-of-Stake Research: Economic Security, Consensus Protocols, Correct-by-Construction Protocols) Casper (Ethereum) Research Lead
Martin Becze (Scalability research: eWASM, VM’s, microkernels) eWASM (Ethereum Web Assembly) creator
Julian Zawistowski (Decentralised Economics Enthusiast) Founder of Golem
Ayako Miyaguchi (Regulatory Relations, Financial Inclusion, Crypto Social Impact) Former MD Kraken Japan, Founder of Japan Blockchain Association, Board member of Japan Fintech Association- Just appointed to the EF as new Executive Director
Pandia Jiang (Community Relations, Crypto-Business Advisor) Founder of LinkTime
Ash Han (Distributed Economy, A combination of Crypto, Finance, and Technology) CEO of Finector, Co-founder of Cosmos, Angel Backer and Blockchain Evangelist
Prof. David Lee Kuo Chuen (Financial Inclusion, Microfinance) Professor of Quantitative Finance, Singapore University of Social Sciences
Lots of ties to big players in the financial and business industry since Omise started years back but for Omisego specfically it would be including but not limited to investments and partnerships from
MUFG Mitsubishi United Financial Group (2.4 trillion in total assets and invested into Omisego under subsidary Krungsri aka Bank of Ayudhya)
True Money
(processes >4 billion usd across 6 countries)
SBMC (2nd largest bank in Japan)
Credit Saison (Third largest credit card company in Japan)
Ascend Capital (owns AliPay)
McDonalds Thailand
SBI Holdings
SMDV Toppan Printing Golden Gate Ventures East Ventures 500 Startups
More unknown partnerships due to NDA's
Have met with Greylock (owners of Coinbase and more, more information currently undisclosed) *No official word of partnership Jun has stated on twitter
they are ~"Building relations / connecting 15 different financial institutions across 4 regions and more than 1000+ dev contributors involved"
More recent information from the "Town Hall Q&A 0x1" hosted Jan 30th on YouTube
Sdk open beta end of February
Talking with banks, merchants, hardware partners under NDA (Also mentioned in crowdsale document)
Vitalik, Joseph Poon, David Knott, Karl Floersch completed MVP (minimum viable plasma) during a short retreat late last year
DEX internal release milestone completed with blockchain running
DEX design complete starting to build on blockchain
Next milestone is internal testnet deploying nodes and connecting
Plasma/omg nodes to ETH testnet
Plasma possible "much earlier" than first expected (most likely due to MVP breakthroughs)
Plasma final revision will be the same framework as MVP with additional features added as time goes on
SDK and Licensing open source under Apache 2.0 no fees to start building on the Omisego/plasma network
Working with strategic partners to issue FIAT backed tokens and cash in/out points(atms?).
Website redesign coming with an added community hub
Transactions nearly instantaneous on plasma, block time yet to be determined
Staking will be open and fair to everyone, they are taking measures against whales controlling the network
Omisego Advisor Ayako Miyaguchi will be the Executive Director at the Ethereum Foundation effective Feb. 1st"
special thanks to Beastly4k, it's his post not mine but such and excellent summary/synopsis to date!
submitted by byron111 to omise_go [link] [comments]

Bitcoin may not have as high TpS as Visa, but at least with bitcoin i’ll never have to worry about this

I originally wrote this a month ago but decided not to post it. After being denied twice since, I have decided that I should post it.
Today my card was blocked in France while trying to top up credit on my phone. I was given three questions, answered each of them correctly (where i’ve lived in boulder, where my brother lives, how old my mom is) and yet I was still blocked. I was also told by my bank that there’s nothing they can do about this, it’s between visa and the merchant, so as long as I try to use visa I will always run into this problem. At any point my card can be blocked because they ask questions that cannot be answered correctly, or even when answered correctly it will still be blocked.
original post
Backstory: I lived in Thailand and had plans to go to a conference in Ho Chi Minh, Vietnam. Today I used my bank card to purchase one of the few things in life that I can’t with BTC, a visa for Vietnam. However, when going through processing I was asked three verification questions:
Not sure of the exact wording used, but it was basically how did you come to own/how did you buy/etc.. Unfortunately for me I’ve never seen that address in my life, i have no idea where it comes from as I’ve only ever lived at two residences in America, both of which I know the address to. There was option for this is not applicable to me which i chose.
My mom’s last name isn’t tackett though, so I don’t know why they’re using that name. She and my dad have been divorced since before I can remember, so they’re using information that’s out of date since at least 1995. The age ranges they gave me didn’t actually have one with her age, it was something like 25-35, 40-45, 46-55, 60+, my mom is 56. There was no correct answer. I chose the closest and went from there.
My brother moved several months ago, so again, there was no correct answer. But it did have his previous city, so I answered with that.
After all of that they deemed that it was a fraudulent transaction and wouldn’t process it. Luckily for me, the fraud department at my bank was online and was able to remove the block and for me to book my visa. So you may say, “see! the system works." However, when I had this exact same problem in 2013 while in Thailand trying to buy a flight i lost out on hundreds of dollars because I had to go to an agent and pay with cash.
I had a conversation with some people in a bitcoin wechat group im in about how much I hate banks after taking my ICBC (largest bank in the world) card to an ICBC branch in malaysia to withdraw all my money since I can’t use the card in Thailand (even at an ICBC branch). Unfortunately in Malaysia I also can’t use that card, even at an ICBC. People were saying i’m doing myself a disservice by not having a bank, but in the past 8 days i’ve been denied my money from my bank three times, once in Thailand trying to use an ICBC, once in Malaysia trying to use an ICBC, and now by Visa. I’ve never once been prompted to go through verification with bitcoin, i’ve never once been denied the ability to send money, and for the people saying the verification/restrictions are for my safety, i’ve never had as much as a satoshi stolen from me, but i have had to spend hundreds of dollars to fix the mess caused by my banks.
This is why i’ve had my salary paid 100% in bitcoin for over 2 years, this is why I hold the vast majority of my money in bitcoin, and this is why I know that bitcoin has a future. To anybody who says that the current banking system works just fine, that’s ludicrous, start traveling and nearly every day you’ll see why bitcoin is needed; fees to convert currency, 5-50%—yes, it was literally 50% to convert Vietnamese dong to Thai baht at the Phuket airport; fees to withdraw from an ATM ($6, 2%); and tons of places charge you extra 3-5% plus flat fee if you use a cc.
Other stories about why I hate banks
Story time: In 2014 I was at Bitcoin2014 in Amsterdam, had an amazing trip that forever changed my life. While there I discovered that if you don’t have chip & pin a lot of places won’t accept your debit card, and even worse that they don’t even accept cash. My bank didn’t offer chip & pin cards when mine was issued so unfortunately couldn’t use my card nor my cash. When i went back to the states in July I asked specifically for a chip and pin card but they said they still don’t offer them and that I’d have to deal with swipe and sign for the time being. So I got my card and headed off on my travels once more, this time to kyrgyzstan and kazakhstan. When I get there I receive an email from my bank that they’ll promptly be canceling my card as they’re switching everyone over to chip and pin. I could ask for a two-week extension, but that’s it, after that I’ll have to wait for my new card to arrive. They also won’t send cards abroad, so i have to have it sent to my family and then have them ship it to asia (one card has already been lost in this process). So once again, I have no way to access my money.
Second Story time: When bitcoin hit $1000 in 2013 some friends and I took a trip to the Philippines. I sold a bitcoin and had the fiat transferred to my bank account (Wells Fargo). I went to use my card at an ATM and it was denied, I called my bank and tried to get the situation fixed. After going through social security number, recent withdrawal locations/amounts, and account information they said "no problem, we’ll have it all fixed here shortly, just need you to tell me how much your monthly mortgage payments are.” I was 21 and living in Beijing, i didn’t have any mortgage payments. So he let me know that wasn’t a problem, just needed to know how much my monthly car payment was. I was 21 and living in Beijing, I didn't have a monthly car payment. I was then promptly told “bummer, nothing we can do” and had to spend well over an hour going from supervisor to supervisor before I finally got the block lifted. It’s important to note that I notified them of my travel plans well in advance of my trip.
This is why I love bitcoin, my money is actually my money and i can use it 24/7/365. Even if I need to wait 30 minutes for a confirmation, it is vastly superior to not being to use your money at all.
Tldr; Visa has deemed my transactions fraudulent several times because i was unable to answer security questions that don't have correct answers. Bitcoin has never told me I can't spend my money.
submitted by zanetackett to btc [link] [comments]

Here, List of Merchants Avantages To Accept NYC. Ideas are Welcome

(Please don’t forget that is a transcription about an mp3 made in my car, during my work time. I’m sorry i haven’t got to much time but i want participate to the proliferation of NYC, i will go to discord as soon as i can. If someone could structure or add ideas of avantages for merchants to accept NYC in the spirit of this share or others, it will be great. I imagine a pdf, webpages translate in the most languages possible, to share to every merchants all the community knows in their own country and to share to every e-merchants too. I imagine a simple concept that everyone could duplicate and share as a child could do. With this, everyone without technical knowledges but with a desire to help the community and NYC could built NYC with us. I’m sorry to didn’t structure this better…I’ve not finished yet and i have a lot of others ideas to give merchants but I think this kind of sharing can stimulate the community and some ideas is not definitive, just ideas and not list(please be cool with me), and maybe a wonderful professional template can be made by one of you(lol) and start structure listing where everyone could propose)
Benefits for the first 10 000 or more (?) merchants who will accept the cryptocurrency NYC since now to the next 1 or 2 years(?)
These are the first merchants who will enjoy the greatest benefits of accepting NYC while taking the minimum risk.
Free decentralized money transfer in 30 seconds
saving on bank transaction fees
saving on bank fraud charges (anti-fraud system, irreversible transaction, no more cancellation of payments by credit card, the customer has no money the transaction is denied)
No limit amount for customers, unlimited ceiling, easy to sell expensive products
New customers around the world, savings and margin
New wealthy customers around the world who will love buying your products(because new crypto rich and because convictions)
New single customers who prefer to buy from you rather than from your neighbor. You get cool for them, fans of cryptocurrency and NYC, and the new rich will thank you as it should. Modern and political values ​​that you do not suspect the magnitude .. Potential invaluable, see Cryptocurrency MarketCap, customers will call you to send your products to the other side of the world even with shipping rates higher than average. A fundamental revolution is underway and it is not $ 5 more on shipping costs that will stop it. Human and political values ​​have always been stronger than personal enrichment in the history of humanity. An invaluable potential of customers around the world (depends on your product but NYC will list all merchants and businesses from around the world on the same list to spread it around the world) US Community, Russian, Japan, China, Korea, Portugal, France, Belgium, Spain, Germany, Brazil, Argentina, Ukraine, Vietnam, Thailand etc etc etc
Thanks to savings on banking fees, it is possible to lower the selling price and to be more competitive than the competitors. New customers will appear by converting to cryptocurrency to benefit from your new rates. It's inevitable, be part of the first. Possibility of incredible gain for the 1st who will accumulate the most NYC with almost NO RISK.
If you motivate your partners and suppliers to accept NYC, you save even more on transaction costs and save on both levels (upstream and downstream). Savings which serves you to lower the selling price and increase your margin at the same time
Easy to put in place :
Unlike conventional currency, NYC is yours and no one can seize them, not even governments. Indeed, only you know your private address and you have an unlimited number of public addresses (anonymous and no one knows how much NYC you have). Your private key can be compared to a bank account number. You regain control over your money with only a few easy starting arrangements to put in place once. Either you exchange your NYC in bitcoin / ether then in $ with transfer to bank account and declare your income to your government, or transfer in bitcoin on « credit card system online » usable in store and ATM (wirex etc).
Install Wallet QT, + paperwallet for those who likes security, install coinomi, yobit and coinbase account (and others after) and businesses of credit card online. Stikers on your shop, give photos and videos to NYC community and wait new customers to accumulate NYC with no risk
Volatility: If volatility can be considered a real problem in the world of crypto, know that the volatility will be reduced as the use of NYC increases. The price of NYC can only increase and if the world crypto collapses, you will have almost no risk. It's not a fad but a global infatuation. Even if some NYC price drops will happen sometimes, all cryptocurrencies will have to increase in value. And especially NYC with its unique specifics, free and fast bitcoin for Newyorkers, americans and the all world. For proof, despite the incredible increase of the crypto-currencies market cap, we are only at 0.5% of global money flows and bitcoin is only $ 10,000. We are only at the beginning, the beginnings of cryptos. Imagine when crypto accounts for only 1% 2% or 3% of global cash flows. That would mean 1000 billion market cap for 1% of global money flows, 2000 billion market cap for 2% ... 3000 billion Marketcap for 3% of international money flows and so on. Inquire, do you really believe that crypto currencies will stop there? We are not even at the top of the first step of the stairs that leads to the future place of crypto currencies in the space of international monetary flows. This will only happen once in the history of humanity and for a minimum of risk for merchantss who will accept crypto currencies and especially NYC. Simply accept NYC on a small percentage of your cash flow. Do these French, Chinese, Americans who made a fortune by accepting and accumulating bitcoin up to just 5% of its money. Simple hairdresser, restaurateurs, grocers, small merchants…
With expensive product, make small reduction if customers just paid 1,2 or 3% in NYC. No risk and great deal
Opportunity to make a fortune with only 1 customer, like this French hairdresser who knew nothing in 2010 and made a fortune with a single customer to whom she made a small reduction if she paid in bitcoin, just to laugh, just for fun. In 2014, she traded some bitcoin to live as a senior executive and made a real fortune in 2017. Of course, she still has bitcoins well warm and 2 million € on his bank account. All this, without ever buying a single bitcoin, with never take a single risk, just to try and just for fun. Today, with NYC « the Bitcoin for New Yorkers » has fast and free transaction: It is possible to achieve the same feat without the NYC reaches $ 17,000 but only 0.01 or $ 0.10 or 1 $
Example of no risk for merchant: (You do what you want about the risk you want take and you touch people who wants buy cheap and you touch the crypto fan in your city, region and the all world please to the community(growing and growing) who make for you publicity everywhere in every supports that exist in this world !!! Articles, vidéos, photos, prices, websites, stickers, conversations, shares…)
Product A = 100$ in Fiat Same product = 90$ if paid 80% in fiat and 20% in NYC = 72$ + 64 285 NYC Same Product = 80$(or 85$ as you want, you choose) if paid 50% in fiat and 50% in Nyc = 40$ + 142 857 Nyc Minimum risk = Same product at 95$ if paid 90% in fiat and 10% NYC
Objectif owners in the next years: Accumulate : 100 millions NYC = 20 à 25000$ of sell to be millionnaire At NYC price= 0.01$. At one penny = millionnaire Marketcap NYC = 1 320 000 000$
Accumulate 10 millions NYC = 2800$ of sell to be millionnaire at NYC price = 0.10$ At 10 cents = millionnaire at 13 200 000 000 $ Marketcap
Accumulate 1 millions NYC = 280$ of sell to be millionnaire with NYC at 1$ etc…
The best advertisement of all time. The human advertising of a worldwide community that will prompt ordering in your shop. With articles, videos, reports on your store or service that you offer and you win returns in notoriety in your own neighborhood, city, region, country. We send you all these media as soon as you ask if you want to use it on your website, sign or other advertising medium. Or Here on Reddit : post « Merchants news, what we found about you all around the word »
Try to find small vidéos and small articles of owners who made a lot of money with bitcoin with minimum of risk without spend one $ in an exchange ;)
With stimulate merchants with ideas and With this « strategy with no risk » to give to the merchants we can proliferate NYC acceptance really easily. "A small reduction for customers who pay a small part of the price in NYC and we could touch a lot of owners : Target have to be « not just » merchants but
« in all strata of society. It could be the real power of NYC »
Owners of services : Marketing, e-merchants, every coach, independent of anything, human services(big potential here, people who haven’t not much money and there is a real hope for them and can give us examples to give the all word of people accept NYC in all strata of society and show our growing
maid, housekeeper, mason, housework, pet grooming, wellness, used car salesman, seller of anything...Every business man in every domain can see avantages to used NYC, not just pizza sellers or other..
Bars, discothèques, restaurants :
Tourist Shops : Cloths, apparel,
Services
Mp3 finished ;)
submitted by NewyorkCoinFrance to NewYorkCoin [link] [comments]

How buy Ripple? Secret

EO.Finance is a wallet app from the EO Group who are working to create a new economy that lets people use blockchain currencies and fiat currencies together to purchase real-world products. EO.Finance offers an option for all platforms, each of which has full functionality for seamless use.

EO.Finance is a project from EO Group, which has been around since 2014. EO Group has a European license with the Estonian Financial Intelligence Unit, with numbers FRK000161 and FVR000193. The company has more than 100 professionals spread across six countries. It also provides customer service 24/7.
EO Group has experience in both the fiat and blockchain financial worlds and has multiple products within its ecosystem. EO Group has high standards for security, using Tier3 data centers, encryption for storage, TLS, and PCI/DSS.

EO.Finance App

As mentioned, EO.Finance offers a full range of applications, so users can take advantage of the ecosystem on any platform. The mobile applications are available for both Google Play and the Apple App Store. Alternatively, there is a link on its website to download the APK. Those who wish can also use EO.Finance in their browser via a Chrome extension or via the EO.Finance website. Finally, EO.Finance will be adding standalone desktop applications for both Mac and PCs soon.
Since the EO.Finance mobile applications have full feature support, you can perform a long list of functions via these apps. Make a deposit to or withdrawal from your account using a bank card, transfer funds to or from a crypto exchange or wallet, exchange currencies at a good rate, and make instant money transfers. The mobile app also includes support for the currency exchange with more than 2,500 currency pairs and the best exchange rates.

What Currencies Does EO.Finance Support?

EO.Finance prides itself on supporting both fiat and blockchain currencies. Just a handful of these include:
You can also view the recent changes to any of these supported cryptocurrencies on the EO.Finance website via a quick chart and a percentage change. In terms of fiat, EO.Finance supports:
Overall, EO.Finance plans to have more than 50 accounts for each registered user, each with its own currency.

The EO Card

The EO Card will be arriving soon, and it lets users utilize their EO.Finance account to make regular purchases using fiat and/or blockchain funds. You can link the EO Card to any of the currency accounts within your EO.Finance account. Then, you can use it to withdraw cash from ATMs around the world, taking advantage of low and transparent fees and convenient limits.
How Do You Deposit and Withdraw Funds with EO.Finance?
To start using EO.Finance, you must create an account. Once you have created your account, you can go ahead and deposit funds. It is easy to add fiat currency to your account via a wire transfer or a bank card. To add cryptocurrencies, take advantage of EO.Finance’s support for all blockchain exchanges and wallets. EO.Finance acts as a wallet, providing support for a full range of currencies, both crypto and fiat. You can use your account to store and HODL the funds.
It is just as easy to transfer funds out of your EO.Finance account. You can send money to a bank card or via a wire transfer in the case of fiat currency. In the case of cryptocurrencies, you can send the funds to any exchange or wallet.

How Do You Exchange Funds with EO.Finance?

EO.Finance also provides a cryptocurrency exchange where you will find more than 2,500 currency pairs to trade. You can choose to exchange between fiat and blockchain currencies or just stick to two cryptocurrencies. All exchange transactions occur instantly.

What Is the EO Coin?

The EO coin is the token used by EO.Finance and other EO Group projects. If you use EO coin to pay for your transaction fees on the currency exchange, you get a discount of up to 50 percent.
Other Projects from EO Group
The other projects from EO Group include EO.Trade, ExpertOption.com, and EO.News. The EO Ecosystem will be well-rounded and let traders of both traditional fiat investments and cryptocurrencies use all their assets on a single platform. EO.Finance is the wallet to buy, store, and use crypto. EO.Trade is a cryptocurrency exchange to support fiat purchases. ExpertOption.com is an online trading platform featuring token-based trading accounts. Finally, EO.News delivers up-to-date news related to crypto and fiat trading.
EO.Trade is likely to be particularly important to those who use EO.Finance since this is the way that you trade cryptocurrencies and fiat alike. EO Group calls it the “most powerful engine” of the crypto exchanges. It points out that there are no order delays and both the processes for withdrawals and KYC are quick.

EO Group Roadmap

The EO Group was established in 2014, and it launched the ExpertOption.com trading platform in 2015. In 2016, it opened offices in Russia and Ukraine and made partnerships with Google and Facebook. 2017 saw an expansion to the Asian market with offices in India and Thailand.
By January 2018, there were more than 8 million accounts and 3.5 million app downloads. The EO Coin private presale began in late March, followed by the public presale in April through June. In May, EO Group got its license for the crypto exchange and payments. The EO.Finance wallet launched in August, which is also when the second part of the EO Coin sale wrapped up.
December will see the launch of EO.Trade, with applications for that project following in January 2019. In Q1 of 2019, the token-based accounts for ExpertOption.com will launch. Then, EO.News will launch in Q2.

Conclusion

EO.Finance is one of the projects from EO Group, and it aims to combine fiat currencies with cryptocurrencies in an economy that everyone can take advantage of. There is support across multiple platforms, and the EO Card will be coming soon to let account holders withdraw at any ATM.

submitted by Dieterich7 to FINAWIKI [link] [comments]

Cryptocurrencies plunge for the week with Bitcoin still below USD$6,550, forecasters project 54% per annum growth in the Cryptocurrency ATM industry over 5 years and Coinbase explores launching a Bitcoin ETF with BlackRock

Developments in Financial Services

Regulatory Environment

General News

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Bitcoin may not have as high TpS as Visa, but at least with bitcoin i’ll never have to worry about this:

I originally wrote this a month ago but decided not to post it. After being denied twice since, I have decided that I should post it.
Today my card was blocked in France while trying to top up credit on my phone. I was given three questions, answered each of them correctly (where i’ve lived in boulder, where my brother lives, how old my mom is) and yet I was still blocked. I was also told by my bank that there’s nothing they can do about this, it’s between visa and the merchant, so as long as I try to use visa I will always run into this problem. At any point my card can be blocked because they ask questions that cannot be answered correctly, or even when answered correctly it will still be blocked.
original post
Backstory: I lived in Thailand and had plans to go to a conference in Ho Chi Minh, Vietnam. Today I used my bank card to purchase one of the few things in life that I can’t with BTC, a visa for Vietnam. However, when going through processing I was asked three verification questions:
Not sure of the exact wording used, but it was basically how did you come to own/how did you buy/etc.. Unfortunately for me I’ve never seen that address in my life, i have no idea where it comes from as I’ve only ever lived at two residences in America, both of which I know the address to. There was option for this is not applicable to me which i chose.
My mom’s last name isn’t tackett though, so I don’t know why they’re using that name. She and my dad have been divorced since before I can remember, so they’re using information that’s out of date since at least 1995. The age ranges they gave me didn’t actually have one with her age, it was something like 25-35, 40-45, 46-55, 60+, my mom is 56. There was no correct answer. I chose the closest and went from there.
My brother moved several months ago, so again, there was no correct answer. But it did have his previous city, so I answered with that.
After all of that they deemed that it was a fraudulent transaction and wouldn’t process it. Luckily for me, the fraud department at my bank was online and was able to remove the block and for me to book my visa. So you may say, “see! the system works." However, when I had this exact same problem in 2013 while in Thailand trying to buy a flight i lost out on hundreds of dollars because I had to go to an agent and pay with cash.
I had a conversation with some people in a bitcoin wechat group im in about how much I hate banks after taking my ICBC (largest bank in the world) card to an ICBC branch in malaysia to withdraw all my money since I can’t use the card in Thailand (even at an ICBC branch). Unfortunately in Malaysia I also can’t use that card, even at an ICBC. People were saying i’m doing myself a disservice by not having a bank, but in the past 8 days i’ve been denied my money from my bank three times, once in Thailand trying to use an ICBC, once in Malaysia trying to use an ICBC, and now by Visa. I’ve never once been prompted to go through verification with bitcoin, i’ve never once been denied the ability to send money, and for the people saying the verification/restrictions are for my safety, i’ve never had as much as a satoshi stolen from me, but i have had to spend hundreds of dollars to fix the mess caused by my banks.
This is why i’ve had my salary paid 100% in bitcoin for over 2 years, this is why I hold the vast majority of my money in bitcoin, and this is why I know that bitcoin has a future. To anybody who says that the current banking system works just fine, that’s ludicrous, start traveling and nearly every day you’ll see why bitcoin is needed; fees to convert currency, 5-50%—yes, it was literally 50% to convert Vietnamese dong to Thai baht at the Phuket airport; fees to withdraw from an ATM ($6, 2%); and tons of places charge you extra 3-5% plus flat fee if you use a cc.
Other stories about why I hate banks
Story time: In 2014 I was at Bitcoin2014 in Amsterdam, had an amazing trip that forever changed my life. While there I discovered that if you don’t have chip & pin a lot of places won’t accept your debit card, and even worse that they don’t even accept cash. My bank didn’t offer chip & pin cards when mine was issued so unfortunately couldn’t use my card nor my cash. When i went back to the states in July I asked specifically for a chip and pin card but they said they still don’t offer them and that I’d have to deal with swipe and sign for the time being. So I got my card and headed off on my travels once more, this time to kyrgyzstan and kazakhstan. When I get there I receive an email from my bank that they’ll promptly be canceling my card as they’re switching everyone over to chip and pin. I could ask for a two-week extension, but that’s it, after that I’ll have to wait for my new card to arrive. They also won’t send cards abroad, so i have to have it sent to my family and then have them ship it to asia (one card has already been lost in this process). So once again, I have no way to access my money.
Second Story time: When bitcoin hit $1000 in 2013 some friends and I took a trip to the Philippines. I sold a bitcoin and had the fiat transferred to my bank account (Wells Fargo). I went to use my card at an ATM and it was denied, I called my bank and tried to get the situation fixed. After going through social security number, recent withdrawal locations/amounts, and account information they said "no problem, we’ll have it all fixed here shortly, just need you to tell me how much your monthly mortgage payments are.” I was 21 and living in Beijing, i didn’t have any mortgage payments. So he let me know that wasn’t a problem, just needed to know how much my monthly car payment was. I was 21 and living in Beijing, I didn't have a monthly car payment. I was then promptly told “bummer, nothing we can do” and had to spend well over an hour going from supervisor to supervisor before I finally got the block lifted. It’s important to note that I notified them of my travel plans well in advance of my trip.
This is why I love bitcoin, my money is actually my money and i can use it 24/7/365. Even if I need to wait 30 minutes for a confirmation, it is vastly superior to not being to use your money at all.
Tldr; Visa has deemed my transactions fraudulent several times because i was unable to answer security questions that don't have correct answers. Bitcoin has never told me I can't spend my money.
submitted by zanetackett to Bitcoin [link] [comments]

400 bitcoin ATMs are installed worldwide

There was a slow-down in bitcoin ATM installations, however the number reached 400 units across the world.
Some other interesting metrics from Coin ATM Radar:
So the ATM network is still small and growing, but there are other ways to buy and sell bitcoins for cash, available in some countries:
Location Direction Fees Network size
Lithuania: Foxbox terminals buy up to 16% 70 units
Taiwan: BitoEX at convenience stores buy 1% and standard NT$25 fee 5,000 stores
Ukraine: BTCU buy 3.5% (offcial), 10-15% (non-official) > 4,000 terminals
Romania: Zebrapay terminals buy 4% > 800 terminals
U.S.: LibertyX buy 0% 2,500 stores
Mexico: SendBitcoin.mx sell 1% 6,000 bank ATMs
Philippines: Coins.ph sell free for Coins.ph users 450 bank ATMs
Czech Republic: WBTCB buy 7-10% + 10 Kč (0.4 USD) 8,000 terminals and post offices
Spain: Chip Chap and Halcash sell 1% + 1.5€ 10,000 bank ATMs
Austria: Bitcoinbon from Coinfinity buy ~10% 600 Tobaco kiosks
Thailand: Coins.co.th buy / sell N/A 9,000 Krungthai bank ATMs (sell), ~3,000 Kasikorn bank Cash Deposit Machines (buy)
South Korea: Coinplug buy N/A 8,000 7-11 stores (24,000 in plans) + 7,000 regular ATMs
Poland: Chip Chap App sell 1% + 1.5€ 4,000 bank ATMs
Source: http://coinatmradar.com/blog/buy-or-sell-bitcoins-for-cash-bitcoin-atm-alternatives/
submitted by bugadoo to Bitcoin [link] [comments]

[uncensored-r/CryptoCurrency] OmiseGO primed for 2018! A breakdown of what we know.

The following post by Beastly4k is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7uebgk
The original post's content was as follows:
I have been very focused on OMG for a while now and jotting down the interesting bits in wordpad whenever I read an article, listened to a podcast, watched talks/meetups and found something worth noting. I managed to clean it up a bit and format it for reddit the best I could after getting all the new information from the Town Hall Q&A last night. As talking about each point would make this 30 times longer to go through I tried to simplify it but there is much more information to OMG than just this and if you haven't looked into it yet I think you should.
 
Omise/Omisego origins and involvement in Plasma Development
  • Omise is a payment processing company started in 2013 and is now making the move to the blockchain
  • Omise's entire existing userbase will be supported by Omisego
  • Omise has over 50,000 merchants and over 420 million customers (some seen here)
  • Featured on cover of Forbes Thailand in October 2016 as "Fintech Rockstars"
  • Omise awarded the Digital startup of the year award in 2017 by Thailands Prime Minister
  • Thailand ministry of finance intergrated Omise Facepay technology
  • Blockchain lab created in 2015
  • Involved in Plasma development before its public announcement
  • Merchant volume of over $30 Billion from only what we know about
  • First to run Plasma and will provide scaleability to Ethereum
  • Wallet/SDK is open source and white label allowing any business or financial entity to use the network without a formal partnership (Anyone from a local bakery to Paypal and Visa could use the network simultaneously)
  • Staking rewards for validating transactions paid out in your choice of coin *May be limited choices
  • Dex that will provide crosschain transfers to any coins and provide cash in/out services
  • Currently working with many people on the development of plasma/omg including Joseph Poon, Vitalik, David Knott (Now an OMG Dev), Karl Floersch and more
  • Plasma to allow 1 million TPS from the start and theoretically scale to billions
  • Wallet release in Q1 with "conglomerate" integration within a month of release
  • Staking available in Q2
  • DEX TBA (See town hall info below)
 
Advisors
  • Thomas Greco (Special Advisor) Advisor to the Interchain Foundation developing Cosmos Network, the Web3 Foundation developing Polkadot, and has previously served as an advisor to the Ethereum Foundation.
  • Vitalik Buterin (Proof-of-Stake Research: Scalability, Safety, Privacy and also Involved in development of Plasma) Founder of Ethereum
  • Joseph Poon (OmiseGO Principal Author and also Involved in development of Plasma) Lightning Network Co-Author
  • Karl Floersch (Proof-of-Stake Research: Cryptoeconomics, AI Ethics, Implementation and also Involved in development of Plasma) Casper (Ethereum) Researcher
  • Roger Ver (Decentralization Advisor, Human Rights Advocate) CEO of bitcoin.com, First Major Backer of Earliest Crypto Startups
  • Dr. Gavin Woods (Consensus Technology Research, Development and Utilization) Co-Founder of Ethereum, Founder of Parity & Polkadot
  • Jae Kwon (Proof-of-Stake Research - BFT Consensus, Speed, Interoperability) Creator of Tendermint, and Cosmos Network
  • Vlad Zamfir (Proof-of-Stake Research: Economic Security, Consensus Protocols, Correct-by-Construction Protocols) Casper (Ethereum) Research Lead
  • Martin Becze (Scalability research: eWASM, VM’s, microkernels) eWASM (Ethereum Web Assembly) creator
  • Julian Zawistowski (Decentralised Economics Enthusiast) Founder of Golem
  • Ayako Miyaguchi (Regulatory Relations, Financial Inclusion, Crypto Social Impact) Former MD Kraken Japan, Founder of Japan Blockchain Association, Board member of Japan Fintech Association
  • Pandia Jiang (Community Relations, Crypto-Business Advisor) Founder of LinkTime
  • Ash Han (Distributed Economy, A combination of Crypto, Finance, and Technology) CEO of Finector, Co-founder of Cosmos, Angel Backer and Blockchain Evangelist
  • Prof. David Lee Kuo Chuen (Financial Inclusion, Microfinance) Professor of Quantitative Finance, Singapore University of Social Sciences
 
Lots of ties to big players in the financial and business industry since Omise started years back but for Omisego specfically it would be including but not limited to investments and partnerships from
  • MUFG Mitsubishi United Financial Group (2.4 trillion in total assets and invested into Omisego under subsidary Krungsri aka Bank of Ayudhya)
  • True Money (processes >4 billion usd across 6 countries)
  • SBMC (2nd largest bank in Japan)
  • Credit Saison (Third largest credit card company in Japan)
  • Ascend Capital (owns AliPay)
  • McDonalds Thailand
  • SBI Holdings
  • SMDV
  • Toppan Printing
  • Golden Gate Ventures
  • East Ventures
  • 500 Startups
  • More unknown partnerships due to NDA's
  • Have met with Greylock (owners of Coinbase and more, more information currently undisclosed) *No official word of partnership
  • Jun has stated on twitter they are ~"Building relations / connecting 15 different financial institutions across 4 regions and more than 1000+ dev contributors involved"
 
More recent information from the "Town Hall Q&A 0x1" hosted Jan 30th on YouTube
  • Sdk open beta end of February
  • Talking with banks, merchants, hardware partners under NDA (Also mentioned in crowdsale document)
  • Vitalik, Joseph Poon, David Knott, Karl Floersch completed MVP (minimum viable plasma) during a short retreat late last year
  • DEX internal release milestone completed with blockchain running
  • DEX design complete starting to build on blockchain
  • Next milestone is internal testnet deploying nodes and connecting Plasma/omg nodes to ETH testnet
  • Plasma possible "much earlier" than first expected (most likely due to MVP breakthroughs)
  • Plasma final revision will be the same framework as MVP with additional features added as time goes on
  • SDK and Licensing open source under Apache 2.0 no fees to start building on the Omisego/plasma network
  • Working with strategic partners to issue FIAT backed tokens and cash in/out points(atms?).
  • Website redesign coming with an added community hub
  • Transactions nearly instantaneous on plasma, block time yet to be determined
  • Staking will be open and fair to everyone, they are taking measures against whales controlling the network
  • Omisego Advisor Ayako Miyaguchi will be the Executive Director at the Ethereum Foundation effective Feb. 1st
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Stellar Lumens HODL alert: 2017 Round up, Partnerships, 2018 Road Map

THIS ARTICLE IS STILL UNDER CONSTRUCTION!!!!!
Stellar Lumens HODL alert: 2017 Round up, Partnerships, Lumens vs. Other Cryptos
Welcome everyone! The future of Stellar Lumens is bright! Today we will look at the accomplishments of Stellar.org in 2017.
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2017 Round Up
IBM / Stellar Partnership
• Kik Messenger’s KIN coin to move from Ethereum to Stellar in 2018
• Stellar ATM introduced in Singapore
• Jed McCaleb confirms IBM/Stellar has 30 banks on board (Youtube Video)
Lightyear.io enables forward thinking financial entities to easily join the Stellar ecosystem.
• IBM adds 8 new validators from 8 different countries onto the Stellar network (article)
Forbes calls Stellar “venmo, but on a global scale - and for larger bodies like banks and corporations.”
• Stellar Lumens Is Up 6,300% Since March and Is Aiming for Big Blockchain Partners (article)
• Many new partnerships (listed below) that will be using the Stellar network in 2018.
Binance and GoPax Exchanges Adds Stellar
Ledger Nano S support is now available for Lumens (XLM)
• The next coin to break into the top 10 cryptos (article)
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2017 Partnerships & Financial Institutions
IBM - is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries. IBM partnered with Stellar to help financial institutions address the processes of universal cross-border payments, designed to reduce the settlement time and lower the cost of completing global payments for businesses and consumers.
SatoshiPay - a web payment system that helps online publishers monetize digital assets like news articles, videos, or PDFs in tiny increments without friction.
EXCH.ONE - is a FinTech software company based in Switzerland currently working to integrate its platform and its first technology adopter Euro Exchange Securities UK Ltd. into the Stellar network. This addition to the Stellar network will bring access to currency markets of South and Central America,UK and a number of EU countries.
Novati (ASX:NOV) - is an Australian-based software technology and payment services provider. Novatti is currently working to integrate it’s platform into the Stellar network with the ultimate aim to build a global money transfer solution to provide cross border, cross currency and cross asset payments.
Pundi X - is an Indonesia based fintech company that provides POS device, debit card, multi-currency wallet that empowers individuals to buy and sell cryptocurrency at any physical store in the world. They say "buying cryptocurrency should be as easy as buying a bottled water."
MoneyMatch - is a Malaysia based fintech startup that provides a fully-digital peer-to-peer currency exchange platform for customers to transfer and exchange foreign currencies with complete ease and at great value. The company plans to integrate with the Stellar network and enable pay in and pay out from Malaysia.
Streami - is a Korea based fintech company that offers blockchain enabled cross-border remittance service and recently launched a cryptocurrency exchange. The partnership extends both on the exchange side and remittance operations.
Neoframe - is developing and marketing trading solutions for big brokerage firms in Korea and extends its business to blockchain based applications. Neoframe developed high performance centralized cryptocurrency exchange as well as secure wallet solutions and is working with big financial players. The company is planning to launch a remittance business for ASEAN countries (Thailand, Vietnam, Indonesia, Malaysia, Philippines, Singapore, Myanmar (Burma), Cambodia, Laos, Brunei) using Stellar.
SureRemit($RMT) - is a Nigeria based global non-cash remittances company. SureRemit leverages the Stellar blockchain platform to connect immigrants abroad directly with merchants that provide the services needed by their loved ones back home. With Remit tokens, immigrants all over the world can access digital shopping vouchers that can be spent on goods and services at accepting merchants wherever they are.
Cowrie Integrated Systems - is a Nigerian based Value Added Service Provider. Cowrie provides services at the intersection between telecoms and finance. Cowrie recently joined the Stellar network to bring novel fintech services to the African market.
Smartlands - is a Stellar-based platform designed to create a new class of low-risk tokens, secured by real, profitable assets in the real-world economy. Smartlands is designed to promote investments in the agricultural sector by allowing investment in individual projects, agricultural companies or indexes of groups of projects. These investments will be fully collateralized by agricultural real estate, other productive assets such as fruit or nut trees or, in some cases, the actual crop.
Klick-Ex - is an award winning regional cross-border payments system delivering financial infrastructure for emerging markets. It has been responsible for dramatic uptake in digital financial services in unbanked regions of the world, and lowering costs for banks, central banks and consumers in low liquidity currencies. Its key presence is in the Pacific and Europe, and it is a founding member of www.APFII.org processing more than 775,000 transactions per second, per billion of population (source).
Mobius - Mobius connects any app, device, and data stream to the blockchain ecosystem. Our simple and easy to use bidirectional API allows non-blockchain developers to easily connect resources to smart contracts and more. The Mobius MVP acts like Stripe for Blockchain by introducing innovative standards for cross-blockchain login, payment, smart contract management, and oracles. The Mobius Team includes David Gobaud, Jed McCaleb (Stellar.org founder), Jackson Palmer (creator of Dogecoin), and Chandler Guo (notorious Bitcoin & blockchain investor).
Chaineum - Chaineum, the first French ICO Boutique, will use the Stellar network for upcoming ICOs. “Chaineum is positioned as the first “ICO Boutique” in France, providing a range of end-to-end services to companies and international start-ups wishing to develop with this new funding mechanism. Chaineum is preparing 8 ICOs by the end of 2017, for European, North American and Asian companies, of which cumulative amount could reach € 200 million." (source)
Poseidon Foundation - Poseidon will simplify the carbon credit market with the creation of an ecosystem built on Stellar.org’s blockchain technology. This technology will prevent double counting of carbon and will be consistent across jurisdictions, making it easier for companies to deliver and measure progress towards their climate targets or other goals such as deforestation-free commitments.
Remitr - Remitr is a global platform for cross border payments, licensed in Canada. Remitr uses the Stellar network for international settlements for businesses as well as other payment partners. Remitr’s own payout network of 63 countries, comprising several currencies, is extended onto the Stellar network.
MSewa Software Solution (MSS) - MSewa Software Solution (MSS) Payments provides a one-stop digital payment service available across the Globe. MSS Payments aims at serving the consumers (Banked, Unbanked and Underbanked) with mobile banking facilities on the move from anywhere by transferring funds in their mobile phone.
PesaChoice - PesaChoice is a leader in international bill payment services for the African diaspora. PesaChoice aims at making international bill payment process easy, seamless, secure, with reasonable and competitive service fees, and up to date technological advances.
SendX - Singapore based SendX, in partnership with Stellar, is the better way to move money worldwide. The SendX team believes that the future of transactions is decentralized and distributed, bringing true equity to everyone across the value chain.
VoguePay - VoguePay, with offices in the United Kingdom and Nigeria, is partnering with Stellar to become the cheapest and most efficient way to send money between the United Kingdom and Nigeria. In the coming months, they expect to expand this service to other selected African countries.
HashCash - Hashcash consultants build financial solutions for banks and financial institutions over blockchain. We leverage the Stellar platform to build products that vastly improve the remittance and payments experience for banks and their customers. Transfers happen lightning fast at a fraction of current rates and operational cost is significantly reduced. HashCash is headquartered in India, with operations across South Asia and the Gulf.
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Stellar Lumens vs Other Cryptocurrencies
Lumens vs. Bitcoin: Jed McCaleb spoke at Distributed Markets in 2017 about the advantages, but more importantly, the disadvantages of Bitcoin. Listen to the talk here. Jed said, “Bitcoin is this awesome innovation. The first thing it does is converts a real world resource, electricity, into a digital asset. So it takes something from the real world and puts it into the digital realm. The second thing it does is provides immutable public record. It’s basically a database that everyone can see but no one change arbitrarily… That’s great, Bitcoin solves the double spin problem [ of proving possession and transmitting volume]… [However, to fix the problems of bitcoin] you might think well maybe we’ll just kind of keep adding [software] to Bitcoin until we get there, but that’s not really the way software works. You want to have the design from the beginning and solve these simple issues. Bitcoin was designed to be a new currency, it wasn’t really designed to be this unifying universal payment network. So that’s what Stellar does. It solves these three remaining issues.”
Lumens vs. Bitcoin #2: According to wired.com, "Bitcoin mining guzzles energy - and it's carbon footprint just keeps growing." Wired says "Today, each bitcoin transaction requires the same amount of energy used to power nine homes in the US for one day... The total energy use of this web of hardware is huge—an estimated 31 terawatt-hours per year. More than 150 individual countries in the world consume less energy annually. And that power-hungry network is currently increasing its energy use every day by about 450 gigawatt-hours, roughly the same amount of electricity the entire country of Haiti uses in a year." Because Stellar is based on a consensus algorithm rather than mining, it takes much less energy to run the Stellar network. The Poseidon Foundation decided to build their platform on Stellar rather than Ethereum or Bitcoin because of this (twitter source).
Lumens ICO tokens vs. Ethereum ICO tokens: According to Stellar.org, "traditionally, ICO tokens have been issued on the Ethereum network in the form of ERC20 tokens. ERC20 tokens are easy to issue and are infinitely customizable using Ethereum’s smart contracting language. However, recent events have highlighted and exacerbated some weaknesses of the network, including slow transaction processing times for the network during ICOs and increasingly expensive gas prices (by fiat standards) for transactions and smart contract execution. Moreover, many organizations require only basic tokens; they adopt the risk of Ethereum’s Turing complete programming language without taking advantage of many of its benefits."
"While Ethereum has the most expressive programming capabilities, we believe Stellar is the best choice for ICOs that do not require complex smart contracts. Stellar’s primary goal is to facilitate issuing and trading tokens, especially those tied to legal commitments by known organizations, such as claims on real-world assets or fiat currency."
Stellar vs. Ethereum #2: The median transaction time on Stellar is 5 seconds, compared to approximately 3.5 minutes on Ethereum (source). Stellar has a negligible transaction fee (.00001 XLM ~= $0.0000002) with no gas fee for computation, while depending on the complexity of the computation, the median cost for a transfer on the Ethereum network is $0.094. Security: While both Stellar and Ethereum run on a decentralized network, the Stellar network has fewer security pitfalls. Stellar uses atomic transactions comprised of simple, declarative operations while Ethereum uses turing complete programming capabilities which produces less auditable code and greater risk of exploitable vulnerabilities (source). Recently, a security flaw in the Ethereum network froze millions of dollars. According to Mobius ariticle written by David Gobaud, "On November 6, 2017, Github user deveps199 'accidentally' triggered a bug in Parity, a popular Ethereum mult-sig wallet, that froze more than $152 million in Ether across 151 addresses. The bug impacted several token sales including Polkadot, which has had ~$98 million out of its recent $145 million sale frozen."
"Mobius had none of its ongoing pre-sale Ether frozen because we do not trust Ethereum’s Smart Contract based multi-sig wallets given the vast Turing complete attack surface and did not use one. Security broadly is one of the main reasons the MOBI token that powers the DApp Store is a Stellar Protocol token and not an Ethereum token."
Lumens vs. Ripple: According to Wall Street Bitcoin Exchange, "Many investors like to compare the company [Stellar] to Ripple, and there are a lot of similarities, being that some of the founders worked on the Ripple team. In what can now be looked at as another blockchain development drama that plays out on chat boards and in interviews all across the globe. Stellar declared they fixed Ripple’s problems with their hard fork, however, Ripple has failed to admit to any of the flaws in its design that the Stellar team has pointed out." The article concludes by saying, "We Choose XLM Over XRP For 2018. That is why we are going with Stellar Lumens over Ripple in our portfolio for the rest of 2017 and 2018. After holding Ripple for a long time this year, it just never seems to make the big break like other names with bigger market caps like Bitcoin Cash, Dash, and Litecoin have. While we are holding on most all our larger market caps, we feel that Stellar Lumens will be one of the break out coins for 2018."
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Conclusion
The stellar.org team is doing an amazing job making partnerships and pioneering the use of blockchain technology for various types of transactions. What we are seeing is a new technology that can actually be used to solve real-world problems. As a community, we need to continue supporting Stellar and we will quickly see it power transactions across the world. What are your thoughts about Stellar? What do you see in the future of Stellar? Any important news you want to share? Comment below.
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Do Not Use a Bitcoin ATM (BTC ATM Review) How Not To Pay ATM Fees In Thailand Bitcoin ATM Thailand - YouTube How To Cash In $1000 In BitCoin For Less Than Average ATM Fee Bitcoin Atm deposit Demonstration - Withdraw/Deposit cash for Bitcoin

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Do Not Use a Bitcoin ATM (BTC ATM Review)

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