Senegal cryptocurrency for the underbanked
Senegal Cryptocurrency may become the first of its kind, as it will be based on its national fiat currency.
A few days ago, Senegal introduced eCFA, a new virtual currency which is currently in development.
This cryptocurrency was born thanks to a collaboration with Banque Regionale de Marches (BRM) and eCurrency Mint Limited.
BRM bank, financial institution specializing in capital markets and the implementation of custom banking solutions, is working on the development and integration of this cryptocurrency, and the Senegal government will serve as a legal tender.
Senegal Cryptocurrency for the underbanked
Similar to the objective of Norway’s bank DNB, Senegal wants to secure itself a significant market share of Africa’s underbanked and underserved people, who cannot find access to financial platforms and networks to manage their cross-border transactions.
Also, the development and launch of Senegal Cryptocurrency eCFA is leaded by the West African Economic and Monetary Union (WAEMU), which suggests that eCFA will be available for all the African countries, including Benin, Burkina Faso, Cote d’Ivoire, etc.
Unfortunately, both BRM and eCurrency Mint Limited didn’t release any technical information and background on their new Senegal cryptocurrency.
In fact, it is still unknown if the digital currency will be based on a permissioned ledger or on a decentralized blockchain network.
In both cases this news is very important as it is another step closer to the digital currencies adoption worldwide.
Read here more about Senegal and African involvement in digital currencies.
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Black Friday Bitcoin: Happy Shopping!
Bitcoin Black Friday
Today Europe and America celebrate the well-known Black Friday, a special day when you can buy everything you need at a special price.
But we, in the Bitcoin World, want to celebrate our Black Friday Bitcoin, so let’s read this article and happy shopping with digital currencies.
As you might know, thanks to Purse.io you can buy from Amazon in Bitcoin. And today you can make very big deals, as Amazon partecipates to the Black Friday with special discounts.
Another good online shop where you can exploit the Black Friday Bitcoin is Bitcoin Black Friday. Here you can buy softwares, services, art, gifts, apparel and more.
Online you can find a lots of oddest places where you can use bitcoin, expecially today.
OpenBaazar and Black Friday Bitcoin
A few months ago I wrote an article about a new shopping platform called OpenBazaar where you can buy everything you are looking for with Bitcoin.
Here you can read a step-by-step guide to understand how to do shopping with this tool.
HolyTransaction Wallet Service
Of course, if you want to start using Bitcoin to do some shopping you need a web wallet where you can store your own digital currencies.
HolyTransaction is a multicurrency wallet where you can store not only Bitcoin, but also Ether, Dash, Dogecoin, Litecoin, Peercoin, Tether and all the most important cryptocurrencies in the world.
Each digital currency has its own address, but all of them has a unique access. So you need to remember just one username and password to login.
To open you wallet, you just need an email address. No other data required, so high privacy provided.
It is easy and it works right from our website, without any software downloads required.
Click here to open your HolyTransaction wallet for free.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Sweden Digital Currency: a new Bitcoin?
Today I want to talk about the new Sweden Digital Currency project.
Sweden’s central bank, in fact, is considering the possibility of issuing its own national virtual currency, but the technology behind it is yet to be revealed.
According to an article published today by The Financial Times, Riksbank wants to create the new virtual currency because of a strong decline in domestic cash use. In fact, according to a report, the amount of notes in circulation has declined 40% since 2009.
Sweden Digital Currency and other solutions
Deputy governor Cecilia Skingsley commented that the central bank wants to test various technologies. Although she did not mention blockchain drectly, the Financial Times explained that the distributed ledger might be one of the options the Sweden bank could consider.
“We need to do the homework because it’s not an option for the public sector to stay on the sidelines and see the private sector cut off access to central bank money for individuals.”
Skingsley said that the digital currency could be issued together with banknotes and coins, but the Riksbank do not want to encourage illegal activity.
Tomorrow Skingsley will give a speech and he might explain more details about the Sweden Digital Currency project.
With this announcement, Sweden will become the latest country to have its own central bank considering to issue a new digital currency, an idea that for the greatest part of nations meant doing several reseatches related to blockchain-based cryptocurrencies.
During the latest few months, the Bank of England has started to discuss and test issuing its own digital currency using the blockchain; and the People’s Bank of China is investigating the idea too.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
World Economic Forum Blockchain led by Estonia
The World Economic Forum Blockchain created a new working group focused on the distributed ledger with the Estonian President.
This so-called “Global Futures Council on Blockchain Technology” will be met for the first time during an event held in Dubai later this week. According to the World Economic Forum Blockchain the group will be focused on the development of governance models related to the distributed ledger.
Toomas Hendrik Ilves, president of Estonia for 10 years, will co-chair together with Jamie Smith, chief communications and marketing officer for bitcoin mining and blockchain services firm BitFury and a former official in the Obama White House.
Members of the group are: Ma Jun (chief economist for the People’s Bank of China’s research outfit) and Claire Sunderland Hay (head of the Bank of England’s fintech startup accelerator).
The group also include representatives from bitcoin-related startups such as BitPesa, Everledger, Ripple and Chain; and institutions such as Barclay’s and Deutsche Bank.
Here you can read the full list of the “World Economic Forum Blockchain” members.
“The distributed ledger or blockchain system of preserving data integrity and security is one of the most promising new technologies to emerge in the past decade. Its full potential is only now beginning to be realized. This Council will play a leading role exploring how blockchain can be used to improve security on the internet.”
The WEF counducted an internal research about the blockchain since 2015 and this new working group is part of a broader network of Global Agenda Councils, focused on problems such as climate change, AI and cybersecurity.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
With Donald Trump Bitcoin Price could grow
America has its 45th President today and several bitcoin investors and analysts believe that with Donald Trump Bitcoin price could grow, as its presidency could provide a boost to bitcoin prices.
Analysts explained that even if Bitcoin markets would not see any significant change from Clinton’s election, instead Trump could impact worldwide investors, so traders agree that Donald Trump will be a good thing for bitcoin business.
Jacob Eliosoff commented:
“I think a Trump presidency would be great for bitcoin, much like nuclear war would be great for bitcoin. It would be an epic disaster in a bunch of respects – economic, geopolitical, democratic – and in the fear and chaos bitcoin would be a defensive asset people could turn to.”
If Hillary Clinton won, experts have suggested that she would be a boom for the blockchain markets, given her open embrace of the tech as part of her innovation platform. Previously, in fact, she suggested she would use the distributed ledger.
The Donald Trump Bitcoin Effect
Donald Trump hasn’t put bitcoin on his agenda yet, but he defined himself as a “Washington outsider”, so traders believe that he lead to uncertainty and move towards alternative assets.
This might create just a temporary increase in bitcoin prices, but it might have a little lasting effect.
In fact, ARK Invest‘s Chris Burniske underlined that bitcoin can be useful in unpredictable times like this, and the election could add evidence to this claim.
“The way in which its price movement is uncorrelated from other capital market assets may be a desirable characteristic for many investors in the face of uncertainty. Depending on how people feel about the election, they may choose to hedge themselves from the more traditional markets by using bitcoin.”
So, in a few words, if bitcoin benefits from the election result, don’t give Trump too much credit for that, any other cataclysm would have done the same.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Switzerland Bitcoin Regulation will arrive next year
Switzerland Bitcoin Regulation might arrive next year.
Recently its national railway service “have jumped on the bitcoin bandwagon”, as explained by Coindesk, so now it’s time for Switzerland to start regulating fintech and digital currency.
A few days after the Swiss railway-related announcement, as SBB decided to sell bitcoin through its network of ticket kiosks – the Federal Department of Finance (FDF) announced its plans to regulate fintech with the goal of introducing a new regulation next year.
Key elements include plans for a new kind of license geared specifically toward fintech companies and a so-called regulatory “sandbox” for experimental firms. Under the proposed regime, the Financial Market Supervisory Authority would become the primary regulator of fintech firms working in Switzerland.
In a press release, the FDF explained that it will guide more researches about bitcoin and other digital currencies and it will study the distributed ledger broader applications .
The company explained:
“The FDF should conduct additional clarifications in cooperation with the interested authorities on reducing further barriers to market entry for fintech firms, also those outside financial market law (e.g. legal treatment of virtual currencies and assets).”
During a recent speech, Ueli Maurer, Swiss Finance Minister, commented that the proposed Switzerland Bitcoin regulation would help to attract more brands – even if the nation positive attitude has already attracted the attention of several blockchain-related startups to make their home in the country.
“We assume that with the steps we have prepared and the commitment we have to the overall financial services industry we can provide a solution that puts us among the top (countries) in the world that regulate this,” he explained.
Read more here about the Switzerland involvement in the fintech sector.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Yacht with Bitcoin: how to rent it in Europe
A yacht with Bitcoin in Europe? Read this article and find out how to rent or buy it.
A few months ago you might remember about a € 100 000 Tesla sold with Bitcoin in Finland, where Auto Outlet Helsinki Oy managed this transactions for a private citizen.
Users can buy everything they want with digital currencies, thanks to platforms such as OpenBaazar, GiftOff and more.
But from now one people can also buy and rent luxury yacht with bitcoin, as NAMI integrated bitcoin as a payment option.
NAMI is a company that rents luxury yachts and its director, Miika Toivonen is the same person who works for the Auto-Outlet Helsinki and sold the Tesla I previously mentioned.
Now Toivonen is is willing to allow users to buy luxury yacht with bitcoin.
“We’ve always willing to take part on everything that is new, like selling Teslas with bitcoin, so why wouldn’t we also rent yachts as well. So far we’ve sold a nice amount of Tesla electric cars around Europe, so I believe the same thing will work with luxury yachts as well.”, explained Director of NAMI Miika Toivonen in a press release.
With over 100000 merchants worldwide that accept bitcoin as a payment option, Bitcoin is the faster growing payment option and currency in the world.
And Finland, where NAMI works, is one of the top countries on Bitcoin usage if we count the number of bitcoin currency exchanges and BTMs.
“Meanwhile when numbers and numbers financial operators are getting more and more interested about bitcoin, we’ve noticed that demand for expensive luxury brands bought with bitcoin is rising. This is simply because there is more wealthy players on board. We were launching bitcoin payments for Luxury Collection and in the future we want to help more companies to benefit from Bitcoin-teknology and phenomenom.” explained us Aleksi Vitakoski from Bitcoinkaupat.
“In my opinion selling luxury cars like Tesla with bitcoin is some remarkable sales in bitcoin space, in Finnish and in European scale. It’s nice to see that adding one payment option can lead to purchases like that and it’s also very natural move by NAMI to extend bitcoin payments to yachts as well.”, commented Prasos Oy CEO Henry Brade.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Bitcoin euro: withdraw with ATM machines
Holytransaction Trade is a new platform offered by HolyTransaction wallet for Bitcoin Euro instant conversion.
Holytransaction.trade is useful when you want to convert your bitcoin into euro, by using any ATM machine with Halcash that you can find in Spain and Poland.
Thanks to HolyTransaction Trade you can do this operation in a few minutes, without having to wait a few days as if you use traditional exchanges.
Anybody can convert his own bitcoins into euro from an ATM machine with Halcash, whether he has a wallet on HolyTransaction or not.
Where is the service available?
The Halcash service is available only in Spain and Poland at the moment.
How much fees?
To convert bitcoin into euro with Halcash, this platform holds a 2% fee.
How does it work? Bitcoin Euro instant conversion
Here you can read a step-by-step guide to convert your bitcoin into euro by using HolyTransaction Trade and the 10.000 HalCash ATM you can find in Spain (or Poland).
- Go to Holytransaction.trade website
- To do a transfer from Bitcoin to Halcash you need to select “Bitcoin” on the right and “Halcash” on the left. Then, click on “Continue”.
- Select an amount and your telephone number where the system will send a verification code.
- Follow the instructions and open your wallet to do a transaction to the address on the screen. Of course, you need to send the same amount you selected in the previous window.
- Once you did, the transaction will be confirmed on the blockchain and you’ll receive a message on your mobile with the password to withdraw your funds at a Halcash ATM.
- Then go to a Halcash ATM, enter your password and withdraw your euro. You need to fill all the fields with mobile number, amount, password, reference number (you received it on your smartphone).
- You can withdraw your amount. This whole operation takes only you a few minutes.
Download the HolyTransaction App here for free.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Bitcoin virtual credit card: how to create it
Holytransaction Trade is a new service to create a bitcoin virtual credit card offered by the HolyTransaction wallet.
Holytransaction.trade to create a bitcoin virtual credit card
You would think that Holytransaction.trade is a service that can be found anywhere on the web to sell and buy bitcoins.
This is not true, because HolyTransaction.Trade allows you to do much more, such as creating a bitcoin virtual credit card, convert bitcoin into fiat currencies and pick them up in an HalCash ATM, etc.
If you have some digital currencies you can create a bitcoin virtual credit card to buy everything you want online.
So, HolyTransaction Trade is not only a platform where you can convert bitcoin into dollars or euro, but also vice versa: in Mexico, Greece and Spain you can convert fiat into bitcoins via PayNet, EasyPay and Teleingreso.
Also, among the options you can create a bitcoin virtual credit card.
This service is available and works in less than 10 minutes and it is also available on Google Play.
Please note that when you create a virtual credit card the 2% from the total value will be withheld as fees.
To use this service you must be either registered on Entropay.com or register after completing the process.
So if you need liquidity, you may want to transfer your bitcoin into a virtual credit card.
Follow these steps to understand how to create your bitcoin virtual credit card with HolyTransaction.Trade.
- In the first column on the right you need to select “Bitcoin” as an input and “Virtual Bank Card” on the left as the “output”. Then click on “Continue”.
- Select the amount and your email address to receive the virtual card’s information.
- In the following page, you’ll find an address on the bottom right, below the “Pay To”.
- Send your the exact amount you selected before to that address, so enter on your favorite wallet and do a transaction with that address as a recipient. You can transfer max 250 euro for each email address.
- Create or login to your account on EntroPay. You’ll receive all the info you need via email.
- Once the transaction is validated and written on the blockchain, within the next ten minutes the amount you selected will be sent to the beneficiary bitcoin virtual credit card.
- Operation Completed!
This is just one of the services available on the HolyTransaction.Trade platform to convert and send bitcoin worldwide.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
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.