Category Archive: wallet

OpenBazaar Test: how the Bitcoin Ebay works

The Bitcoin Marketplace: OpenBazaar Test

Recently OpenBazaar, the decentralized marketplace where you can buy items for bitcoins, launched its new 1.1.6 version.
So we decided to do a OpenBazaar test, to let you deeply understand how it works and what you can buy on this innovative market using your cryptocurrencies. 


Step-by-Step OpenBazaar Test: Follow this Guide to do some Shopping

1. First of all you need to go to the OpenBazaar website and click on the Download button you can find on the right top of the page.

2. A download will start soon. If it doesn’t, you just need to select your operating system such as Linux, Windows or Mac

3. After the download is completed, click on the file (maybe you will find it in the Download file) and launch it.

4. A new window will open where you have to complete your profile with info like name, timezone, avatar and your favorite currency.

5. You can also select your favorite theme to be used as a your profile template

6. Then you will be officially into your profile where you can add other info such as your social network profiles

7. Now you can start doing some shopping. 

OpenBazaar has a simple interface, user-friendly enough to experiment and pay with your bitcoins. 
Among the items you can find on this marketplace there is a wide range of the company’s merchandise, so I decided to support their cause by buying their pins.

<img src="/images/OpenBazaarTest.jpg" alt="OpenBazaar Test" height="264" width="350" />



8. As you can imagine, I just had to click on the item I wanted to purchase.



<img src="/images/openbazaartest.jpg" alt="OpenBazaar Test" height="264" width="350" />



9. Then you just click on the “Buy Now” (“Compra ora” because my version is in Italian).
10. A windows will appear where they ask you if you already have a wallet (if not you can open it here).
11. Now you have to insert your public wallet address, you can find on your wallet among the settings.
During this process you can also create a temporary wallet address, useful if you can’t find your public wallet address and for security reasons you don’t want to disclose your private one. 
12. OpenBazaar allows purchases from all around the world, but of course you need to pay extra bitcoins for the shipment. 
For a shipment to Italy you need to pay an extra of about 0.0232 BTC, so I spent almost 17 EUR for that pin.

Bitcoin Wallet 

As I said, you can purchase your items on OpenBazaar by using bitcoins; and to do so of course you need a wallet.
Open your on HolyTransaction and find out more on our wallet where you can store several different cryptocurrencies including Bitcoin, Ethereum, Dogecoin Peercoin, etc…
We call it a “Universal Wallet” for this reason. 

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

Amelia Tomasicchio

5 ridiculous things used as a method of payment

 

5 items you can sell for your shopping

Some days ago Go Compare website published an interesting article about the weirdest currencies from all over the world.
In this funny list, they quote some incredible items used as a method of payment in several countries, including China, Siberia and more.
Read below the list of the 5 ridiculous things used as a method of payment.

Rai Stones

These particular kinds of stone are huge circular stone disks you can find in the Yap island, Micronesia.
Their value is based not only on its size, but also on its history. If many people died when the stone was moved or a famous person brought it in, the Rai stone value increases thanks to the anecdots related to it.
The greatest part of these stones are too large to move, so transactions are based on oral agreements.
rai_stones_method_of_payment
 

Mobile phone Minutes

Egypt, Nigeria, Tanzania and Ghana, people began to buy and sell mobile phone minutes for small transactions. This method of payment works this way: you need to trade with prepaid cards or use mobile apps that let users send minutes to other people.
This method started to be used in 2011 and one minute values 1 unit of currency.

Seashells

In coutries such as Langa Langa Lagoon and Solomon Islands, seashells are used as a method of payment.
These seashells – that are very rare because of their value – are used to create jewels that can be sold to tourists.
Each string values approximately $90.

Tea

Tea is very popular in countries such as China and Tibet, where tea bricks are used as a method of payment as well.
Created from tea leaves, tea bricks could be used to buy livestock and pay taxes too. In Siberia and Tibet tea bricks could be eaten or used to cure some disorders such as coughs and colds.

Bottle Caps

In 2005 a beer company in Cameroon started to hide prizes under bottle caps. Competitors companies started to do the same and the result was that almost every cap had a prize on it.
Prizes include free beers, trips and cars, and winning cap became a method of payments to buy goods and service thanks to them.

Multicurrency Wallet – open it for free

holytransaction_wallet_free
Among the alternative payment methods there is Bitcoin, and to store this kind of coins you need a wallet.
To read more about how it works and to open a wallet for free here.

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

Amelia Tomasicchio

How to use Facebook Messenger to create warranties on the Blockchain

deloitte logo

The British advisory company Deloitte recently used the new Facebook Messenger API to create a program that store warranties on the Bitcoin blockchain and allows clients to buy items insurances even after their purchase. 

Of course this is only an early version of the complete Deloitte project, which is capable of working without any applications to be downloaded by the user.
On the company website, Deloitte service designer, Frank van de Ven, explains:
“It allows users to add information regarding their purchases and associated warranty information on the blockchain, by using a Facebook Messenger bot.”
Facebook Messenger users are more than a billion from all around the world, so to allow startups create products for their clients, Facebook decided to expand its Messenger app, creating a new API that allows custom bots.
This news came on April 12nd, 2016 at the annual F8 of San Francisco. During this event, in fact, Facebook presented this new bot.
Messenger Platform: Expanded access to the Messenger platform by giving you the ability to reach your customers where they already are with a new send and receive API. You will be able to build a custom bot in Messenger, providing anything from customer service to rich, interactive experiences such as automated responses or spawning a search”, explained Facebook VP Deborah Liu. 

How the warranties bot works

The Deloitte warranty bot allows people to send a receipt image through the Facebook Messenger app. 
Thanks to the Colu blockchain toolbox, this Deloitte feature creates a QR code and stores the bought item information on the well-known distributed ledger.
When people upload the warranty, the bot will allow items owners to transfer the warranty if the item will be resold.
It is a great idea for sure and we can’t wait to use this tool in the near future.


Multicurrencies Wallet 

holytransaction logo

Blockchain is the technology that allow Bitcoin transactions.
To store your bitcoin you may need a wallet. 
Open your on the HolyTransaction wallet and you will be able to store also other digital currencies such as litecoin, dogecoin, blackcoin, ethereum and more.

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

Amelia Tomasicchio

HolyTransaction add-on for cryptocurrencies exchange rates

Recently we at HolyTransaction created a new add-on for the Firefox browser only to see the exchange rates for cryptocurrency pairs.

This add-on allows you to see the exchange rates between the most popular currencies using only a couple of clicks. 
Exchange rates are available between dollar, euro, bitcoin, litecoin, peercoin, dogecoin, dash, blackcoin and gridcoin. 
The add-on’s simplicity provides you an easy way to have all the information you need before selling or buying your favorite cryptocurrencies.
The price is shown on your browser, according to your specific preferences. You can change the displayed number of decimal places in the user settings.

How to dowload the add-on

To download this HolyTransaction add-on, you just have to follow this step-by step guide:
  • Click on the Firefox Menu at the top right of the toolbar;
  • Click on “Add-on”;
  • Write “HolyTransaction” in the search at the top right of the page;
  • Click on “Add-on” on the left menu;
  • Click the “Download” button next to the HolyTransaction add-on. 
  • You will find the exchage rates window at the top right of your toolbar.
You just need to click on the HT logo of HolyTransaction. 

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

Amelia Tomasicchio

Infographic: A basic overview of storage practices

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

jorge

Infographic: What is MultiSig and why does it matter?

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

jorge

Gridcoin Wallet joins HolyTransaction Today!

Open HolyTransaction Gridcoin Wallet

All HolyTransaction customers can create new address for Gridcoin wallet and use the easy HolyTransaction Web Wallet to send and receive transactions or to instantly convert them to any 9 supported cryptocurrency.

Just like Bitcoin, you can now:

– Send Gridcoin to your GRC wallet address.
– Receive transactions
– Make instant transactions between HT users
– Set OTP for additional protection

We are really excited to be part of a new community!

About Gridcoin:
Gridcoin is a cryptocurrency that rewards individuals for contributing to computational research in math, science and several other areas of study with their home computer, laptop and android devices.

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

Satoshi

HolyTransaction partners with RibbitRewards to further Blockchain-based rewards programs


HolyTransaction is thrilled to announce its integration with the Blockchain-based coalition rewards platform, RibbitRewards. This partnership represents a year of interaction between our two companies, beginning in 2014, and underscores our desire to continue working together for many years to come.
RibbitRewards is the first coalition rewards program built using Blockchain technology. Their platform allow companies to recognize the loyalty of their customers by awarding points that can be spent, saved, or shared with others. Additionally, RibbitRewards stands prominently out from the crowd as a result of their dedication to philanthropy; a percentage of all RibbitRewards created are donated to charity.
Ribbit.me uses extensive HolyTransaction API to make invoicing and payment processing. It will make life much easier for users with HolyTransaction account and will give ability to get new HolyTransaction account instantly for those who do not have it yet. All of this gives the users seamless experience on both platforms.
HolyTransaction multi-currency wallet users have access to storage for Bitcoin, Litecoin, Dogecoin, Dash, Blackcoin, and Mastercoin. Today, we add RibbitRewards to this list.
Users will be able to receive, store, and spend their rewards via their HolyTransaction wallet, as well as exchange them instantly with one of our accepted digital currencies, as listed above. Our integration improves the experience of all users across both platforms, and we are dedicated to providing new and exciting experiences for our community and to continuing the proliferation of Blockchain technology.

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

Satoshi

HolyTransaction welcomes new users from Greece, Europe, and the World over

Everyone with a finger on the pulse of the world’s financial health has been keeping their eyes peeled for the latest on the potential “Grexit” (Greek Exit) from the European Union. With negotiations of a final deal once again bearing no fruit, the average citizen’s faith in the traditional financial system is eroding at an ever-increasing rate. A few years ago, it was Cyprus; now, it is Greece. Frankly, the rest of the fiat-using world is right to believe that they may be next. In times like these, interest in Bitcoin tends to spike. In just the last week, Greek Google searches for the keyword ‘Bitcoin’ have increased notably. Let’s not forget that historically we have always seen a trickling effect where new Bitcoin users find themselves researching altcoins in an attempt to get ahead of the next big thing. It is possible that the current economic turmoil in Greece is the next big thing that pushes interest in Bitcoin and other digital currencies.

We have seen fellow digital currency companies focus their attention and marketing on Greece and Europe, which is another indicator of the breadth of this event. The classical way to buy bitcoins is to use your bank. Unfortunately, with Greece’s banks closed for the next week and possibly more time after that, it is arguably too late for the Greek people to buy Bitcoin easily.

Since most Greeks have their money tied up in the banks that are currently shut down. The people on the ground can’t even buy Bitcoin through the banks. Bitcoin isn’t going to be accepted by Greece over night, but Bitcoin also isn’t going to be shut down by anyone over night. In the coming weeks, the contrast between digital currency and banks will sharpen for many onlookers. Observers the world over will be struck with a sort of enlightenment: their vision will clear. Bitcoin might not be able to help the Greeks buy a loaf of bread in their local economies tomorrow morning; however, Bitcoin and blockchain technology can and will be able to prevent similar economic disasters from happening ever again.

Author: Caleb Chen

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

Satoshi

HolyTransaction partners with Netki for human-readable address

Wallet addresses are one of the most aggressive barriers to the mass adoption of digital currency. Trying to explain these lengthy, case sensitive, intimidating strings of numbers and letters to the uninitiated is a daunting task. Much of the general population values simplicity over function, and in this regard wallet addresses seem scary and overly complex.

It is with this in mind that we are very excited to announce our partnership with Netki!
Netki makes digital money approachable and intuitive for new and veteran users alike, by transforming long and unwieldy Bitcoin addresses into human-readable wallet names. Additionally, your Netki name separates your identity from public blockchain data, providing you multiple layers of privacy, as well as multiple validations to keep you secure.
When paired with your existing HolyTransaction account, Netki will allow you to use one single Name for all of your wallet addresses. This means that you will be able to send multiple currencies, all to one domain name-like address! As of this writing Changetip is integrated with Netki. Storing your funds, tipping online, building/implementing blockchain applications, and buying, selling, and accepting your desired currency, have all just become as simple as remembering a single name, when used with supported vendors!
Your account will be automatically updated as soon as it’s ready, and the integration will be seamless from your perspective. Once implemented, your wallet name will correspond to your HT username.
Bitcoin, Litecoin, and Dogecoin will be the first coins supported, with more of your favorites coming soon after.
Netki’s solution utilizes both the decentralized Namecoin blockchain at its core and distributed DNSSEC at its edges. This combination allows users to have both control and ownership of the blockchain, while still maintaining their financial privacy. This architecture allows users to easily share their Wallet Name with anyone without having to publish it to the world via a public ledger.
Together, HolyTransaction and Netki aim to transform cumbersome wallet addresses into one shareable, easy to remember name, that will be usable by all your digital currencies. We look forward to working together to continue making the bitcoin experience both friendly and intuitive for all.

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

Satoshi