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Category Archive: accept

Switzerland to accept Bitcoin for Public Services

Zug to accept Bitcoin

Zug, city ubicated in Switzerland, announced it will accept bitcoin payments for public services. 
This is a pilot project to test the efficiency of the digital currency. This test will start on July 1st and will continue for the whole year.
Zug was probably chosen because it is the Swiss financial centre that has a good reputation for its low taxes. 
This project appeared on the official website of Zug. Here the initiative is described as a way to test the bitcoin use for public obligations that cost 200 francs, or almost 0.44 BTC at the moment. 
An official press release of this Switzerland city comments:
“The pilot project of the city government is initially limited to 200 francs on chargeable services the residents of the city train. The end of 2016 we will conduct an analysis of lessons learned. Then…the city council will decide if bitcoins and most other digital currencies are to be accepted as payment for other urban services in the future.”

Will this idea succeed?

This idea is not so new, as several cities and states have tested this method of payment during the last years, but it didn’t succeed. 
Also, it is important to remember that Switzerland has lots of startups in its country: for example Xapo, ShapeShift and Monetas are located in Zug. 

The city mayor is very upbeat 

The city mayor Dolfi Müller commented in a post:
“We want to express our openness to new technologies and expressed early on your own experiences. And we will invite to exchange ideas with the City Council FinTech companies in the region train. Our goal is to meet their needs for optimal development in our living and economic environment in more detail.”

Multicurrencies Wallet – Open yours for free 

To buy and spend your digital currencies, you may need a new wallet where you can store your bitcoin, for example.
On HolyTransaction wallet you can hold several cryptocurrencies including Ethereum, Litecoin, Blackcoin, etc.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Bitcoin officially recognized in Japan

japan accept bitcoin officially

Japan is going to officially recognize bitcoin and other cryptocurrencies
Previously in March, the Japan Times announced that the Japanease Cabined approved some bills that would help banks to expand their business related to fintech
The cabinet also recnognized the importance of bitcoin and cryptocurrencies, so it aims at recognizing them as method of payment, so the government is going to bring digital currencies under the overview of the Financial Services Agency (FSA), who also control the Yen. 
This system will also provide a registration of exhchanges to avoid money laudering and to protect the bitcoin users, specially after the Mt. Gox debacle back in 2014, when the company was handling 70% of all bitcoin transactions.
This way, Japan has just given virtual currencies legitimacy, and we hope this news will allow lots of other countries to do the same in the near future.

The open-minded Japan

To be honest, this news is not so shocking, as in February the Japanese regulators stated the decision to propose bitcoin among the methods of payments, so to define the digital cryptocurrencies as conventional currency.

Multicurrencies Wallet 

holytransaction logo wallet bitcoin

Bitcoin is the most important and popular cryptocurrency at the moment, together with Ethereum.
So you may need an online walletwhere you can store your bitcoin or other cryptocurrencies.
Here you can store several digital currencies as Bitcoin, Ethereum, Dash, Blackcoin, Dogecoin, Litecoin and more.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio

Microsoft adds 5 blockchain partners to Azure and it still accepts Bitcoin

Last month we talked about the decision of Microsoft Corporation to start testing the blockchain technology and to create its own blockchain-as-a-service (BaaS) product. 
In fact, Microsoft opened its Azure cloud computing platform, adding a growing number of partners to its BaaS solution including ConsenSys, Emercoin and MultiChain.
And now Microsoft has announced the addition of five new blockchain partners to its Azure platform, including prediction market Augur and Ethereum network Slock.
Some other partners previously announced include Lisk, BitShares, Syscoin, BitPay,Eris Industries and Factom
microsoft bitcoin

Microsoft still accepts Bitcoin payments

According to CNBC, Microsoft continues to accept Bitcoin among its allowed methods of payment.
On Monday they accidentally announced that it would no longer accept bitcoin, but the company belies this announcement. 
In fact, Microsoft Corportation still accepts Bitcoin for purchasing contents in the Windows and Xbox stores. 

“We apologize for inaccurate information that was inadvertently posted to a Microsoft site, which is currently being corrected,” told a company spokesman to CNBC.


Open your free digital wallet here to store your cryptocurrencies in a safe place.

Amelia Tomasicchio