How to convert bitcoin into euro in a few steps
How does funding for Holytransactions work?
HolyTransaction is a multi-currency wallet that allows you to store, send, receive, and exchange numerous cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. To utilize HolyTransaction, you must first fund your wallet with the cryptocurrency of your choice.
You may fund your HolyTransaction wallet in two ways:
Depositing cryptocurrency: You can deposit cryptocurrency into your HolyTransaction wallet by sending it from another wallet or exchange. To do so, go to your HolyTransaction account’s “Wallet” section and select the cryptocurrency you want to deposit. Finally, select “Deposit” to obtain the wallet address for the desired coin. Copy this address and use it to transfer funds from another wallet or exchange to your HolyTransaction wallet.
Bank Transfer: To do so, go to your HolyTransaction account’s “Deposit” section and select the currency you want to deposit. Finally, select “Bank Transfer” and follow the on-screen instructions to complete the transfer. You must give personal information such as your name, address, and bank account information.
How to convert Bitcoin into Euro using HolyTransaction:
- Go to the HolyTransaction website at https://holytransaction.com/ and log in to your account. If you don’t have an account, you can sign up for one by clicking on the “Sign up” button on the top right corner of the website and filling in the required details.
- Once you’re logged in, click on the “Wallet” button on the top left corner of the website. This will take you to your wallet page where you can see your Bitcoin balance.
- Click on the “Send” button next to your Bitcoin balance. This will take you to the “Send Bitcoin” page.
- In the “Send Bitcoin” page, enter the amount of Bitcoin you want to convert into Euro in the “Amount” field. You can also select the currency you want to convert your Bitcoin into by clicking on the “Currency” dropdown menu and selecting Euro.
- Next, enter the recipient’s wallet address in the “To” field. If you’re not sure about the recipient’s wallet address, you can click on the “Address Book” button to select an address from your saved addresses.
- Review the transaction details to make sure everything is correct, including the amount, recipient’s address, and currency conversion rate.
- Once you’re ready to complete the transaction, click on the “Send” button. HolyTransaction will deduct the Bitcoin from your wallet and convert it into Euro at the current exchange rate.
- Your Euro balance will now be visible in your HolyTransaction wallet. You can use this balance to send Euro to other wallets or withdraw it to your bank account.
That’s it! You’ve successfully converted your Bitcoin into Euro using HolyTransaction.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
US Federal Reserve studies Blockchain
The US Federal Reserve studies Blockchain as “this may represent the most significant development in many years in payments, clearing, and settlement.”
According to governor Lael Brainard, in fact, this technology could be very disruptive for the financial system.
During her speech at the Institute of International Finance in Washington, D.C., she explained that the Federal Reserve studies Blockchain to study and test the technology for a next-generation payment and settlement system.
“We are paying close attention to distributed ledger technology, or blockchain, recognizing this may represent the most significant development in many years in payments, clearing, and settlement.”
Brainard’s speech came a week after Janet Yellen commented that the distributed ledger could have a “significant impact” on the fintech industry. Also, she explained that the central bank is “trying to understand digital currencies and other blockchain applications”.
During her speech, Brainard commented on the various use cases of the blockchain in financial field, as well as talked about the potential risks.
“Like many new financial technologies, distributed ledgers could ameliorate or exacerbate traditional financial risks,” she explained.
Federal Reserve studies blockchain: a whitepaper will be published soon
Also, Brainard said that the Federal Reserve will publish a whitepaper on the blockchain by the end of this year.
Furthermore, the central bank will continue to study and discuss the tech with both private and public sector stakeholders.
To read more about Federal Reserve involvment in the fintech field, click here.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
PaymeaBit: a Bitcoin Social Network
PayMeaBit is a new Bitcoin social network where you can publish your contents (videos, photos, charts, infographics and more) and earn bit, or a small fraction of Bitcoin.
As Bitcoin has 8 decimals, it allows microtransactions that are very useful when you want to buy or leave a tip online, this is the reason why we call it the Internet of Money.
So, Paymeabit is a “value Network”, a platform where contents – such as a comments, a photos, a videos or blog posts – can earn value in bitcoin. Paymeabit enables this by allowing every like to have a value in bits – which are fractions of bitcoin worth less than a cent. This makes it easy for content creators and all the users to monetize their content with bitcoin nanotransactions.
To use PayMeaBit (now it is a beta version) follow this guide.
Bitcoin Social Network: a guide to use PayMeaBit
- Go to the PayMeaBit website
- Scroll down the page and click on “Join PayMeaBit”
- Sign in with Google, Facebook, Twitter or with your e-mail
- You are in!
As you can see, the sign in process is very simple and the platform is user-friendly.
Now you should publish somenthing to start earning some bits.
- After the “Log in” you will find the “Create” Button on the right top of the page
- Click on Create and go to “Post”
- Then you can create your post. You can now add a URL, write your article or add an image.
- Now you can start to monetize your content.
- Share your post on your social networks such as Twitter, Facebook and more to allow your friends to leave a bit.
You can also create a premium post and/or a group where you share your problems or questions with the community.
This is very simple, isn’t this?
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Russian Party accepts Bitcoin
Today reports explain that a minor political Russian party accepts bitcoin donations.
The center-right party created back in 2009 called the Party of Growth, in fact, will accept donations in the cryptocurrency.
This news originally appeared on Interfax and TASS, two magazines about Russia and that cover remarks from Boris Titov, the head of the Party of Growth and advisor to Russian President Putin for business-related issues.
Why the Russian Party accepts Bitcoin
According to these magazines, Titov explained that the party need funds from new sources, including crowdfunding and bitcoin – but only from people with verified identity, he continued.
In fact, the party wants to promote the acceptance of the digital currency within its own country.
To do so, the party will also create a legislation that will be able to simplify the technology adoption and development in Russia.
“Russia can take advantage of the difficult economic situation that has developed today for us to become a very profitable country open to blockchain.”
Currently the party of Growth doesn’t hold any seats in the Duma, but it has two representatives in Russia’s regional legislatures.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
US Department Homeland Security uses Blockchain
The division created after the 9/11 terrorist attacks, US department Homeland Security (DHS) uses blockchain technology to solve security issues.
First announced in a press release published in December, the DHS announced in June that it awarded a prize of $199,000 to the blockchain startup Factom that aims at using the distributed ledger to ensure the security of cameras that monitor US borders.
How US Homeland Security uses Blockchain
This way the blockchain could be helpful for DHS as it aims at building an identity for devices, or a way to extend the company’s ability to monitoring services and devices.
Data privacy program manager Anil John explained to Coindesk:
“The Factom piece is more along the line of these devices exist, but how do we build a picture of the identity of this device over time? The blockchain could be the catalyst that allow us to document the changes”.
Also, he explained that the company wants to learn more about the potential applications of the blockchain.
“For DHS use cases, the projects we’re funding are focused on proving or disproving that security and privacy can be supported by a blockchain-based infrastructure. It is much broader than IoT and identity.”
To do so, DHS gave funding also to projects such as Solarity Solutions, Respect Network and Digital Bazaar.
Universal Wallet
To store in a safe place your digital currencies you need a good wallet such as the one provided by HolyTransaction.
We define it as a “Universal Wallet” as you can store different kinds of digital currencies in a single account.
In the HolyTransaction wallet, in fact, you can store Bitcoin, Ethereum, Dogecoin, Peercoin, Blackcoin and Litecoin in a single account easy to manage.
Open your wallet here for free!
Open your free digital wallet here to store your cryptocurrencies in a safe place.
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Universal Digital Currencies Wallet 
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Dutch Central Bank Tests Bitcoin Blockchain
Dutch Central Bank test number one
Also, they sent each other several coins, testing the process.
DNB Second test
“The second DNBcoin prototype takes the other extreme of bitcoin by jumping to the year 2140, the year when the last fraction of the 21 million bitcoins will be issued,” said Berndsen.
For this second test, the team mined all of the DNBcoins in advance, beginning with a block reward of 1 billion of DNBcoins.
“In doing so we were able to generate 3 billion DNBcoins in 30 seconds. In addition, we observed that after all DNBcoins had been generated, blocks could still be mined and added to the blockchain. The reward was reduced to zero but transaction fees were still collected by the miner who finds the next block.”
Blockchain central bank adoption
Central banks are increasing their interest in the blockchain.
Recently, in fact, we talked about several central banks who studied, tested and adopted the blockchain.
For example, you may be interested in the news related to the Central Bank of Canada that revealed its new digital currency called Cadcoin.
Universal Wallet
Open your free digital wallet here to store your cryptocurrencies in a safe place.
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Universal Wallet
Open your free digital wallet here to store your cryptocurrencies in a safe place.
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Multicurrency Wallet
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Central Bank of Canada revealed the digital Cad coin
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