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Showing posts from July, 2017

Largest Food Delivery Platform in Germany Integrates Bitcoin

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2017-07-08 05:00 PM Joseph Young Largest Food Delivery Platform in Germany Integrates Bitcoin Lieferando, the largest food delivery platform in Germany, officially  integrated Bitcoin . Users on the platform will be able to pay for food deliveries using Bitcoin. Originally, Lieferando obtained over $18 mln in funding as a regional food delivery application and service provider. Due to the platform’s success regarding the rapidly growing user base, revenue streams and popularity, Netherlands-based Takeaway.com acquired Lieferando. The acquisition of Lieferando by Takeaway.com is important to note as the Takeaway.com development team initially integrated Bitcoin back in 2013. Most of its subsidiaries including Pizza.fr have started to accept Bitcoin after the acquisition by Takeaway.com. It is equally crucial to acknowledge the fact that Takeaway.com completed its initial public offering (IPO) in 2016 to raise hundreds of millions of dollars at a $1 bln valuation. Despite the IPO,

Japan’s Electronics Marketplace Starts Adopting Bitcoin

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2017-07-07 01:59 PM Darryn Pollock Japan’s Electronics Marketplace Starts Adopting Bitcoin The famed electronics marketplace Akihabara in Japan has started to move with the times as adoption of Bitcoin rises within stores in the district. What is Akihabara? The area houses a huge array of shops selling everything from computers and gaming systems to household appliances and entertainment devices. It has also developed into a popular destination for gamers and is building a strong anime/manga subculture. Akihabara attracts masses of tourists, as well as locals, to its high-tech electronic stores, but up until very recently, the electronic marketplace has only been accepting regular fiat currency. Now, there is a movement to integrate with high-tech digital currencies, as you would expect in a district that prides itself on technology and gadgetry. Such a district would be predicted to be leading the mass adoption of digital currencies as a payment system, but in all honesty, it

Software Engineer Buys 20,000 BTC in 2010, Quits Job to Travel Around Globe

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2017-07-08 03:20 PM Jon Buck Software Engineer Buys 20,000 BTC in 2010, Quits Job to Travel Around Globe The  recent meteoric rise of Bitcoin  and other cryptocurrencies has led to the appearance of some unlikely  millionaires .  A recent  interview  by Forbes magazine shows just how powerful Bitcoin has been over the course of the past decade for those who invested early. The interviewee, a former software engineer in Silicon Valley, asked to remain nameless. However, he did explain that he started purchasing Bitcoin in 2010 after doing some research. He decided that the purchase should be sizable enough to provide some real upside, should Bitcoin ever increase in value, and so he bought $3,000 worth, or, at the time, 20,000. When the Bitcoin price really started to jump, he made his first sale of 1,000 Bitcoin, netting him $2.6 mln. Since then, he’s quit his day job and now travels the world, flying first class and staying only in five-star resorts. After explaining his multip

India, Cash and Blockchain: Digital Payments Set to Surge in 2017

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2017-07-05 01:25 PM William Suberg India, Cash and Blockchain: Digital Payments Set to Surge in 2017 86 percent of Indians say they will make digital payments this year, while the country’s digital payments market will be worth $500 bln by 2020. Statistics  reported  by Quartz today show the fledgling sector, which benefited from India’s cash crackdown in November 2016, has enormous potential - and Blockchain could play a key role. “Using Blockchain makes transactions secure, unhackable and transparent. It takes out the middleman, provides real-time online transactions, and data is safe,” Rajashekara Maiya, associate vice-president and head of product strategy at financial data giant Finacle, said in an interview with the publication. The Indian government is pushing for a major reduction in untraceable cash transactions, with digital  biometric-enabled  payment methods as a key replacement option. Correspondingly, Maiya is closely eyeing the technology. “Finacle has spoken to