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Bitcoin News

Bitcoin and Crypto Currency News

Browse latest bitcoin news about new businesses that accepts bitcoin and other cryptocurrencies, blockchain technology, and regulations of bitcoin. We report on latest crypto currency news, prices, talks and new start up related to bitcoin and other crypto currency.




  • Unocoin, India’s Largest Bitcoin Service Provider, Expands With PayUMoney Partnership

    ​The Bitcoin market in India is heating up with every passing week, and as 2016 comes to a close, the market has a ton of momentum heading into 2017. Unocoin, the premier Bitcoin service provider in India has just inked a partnership with another payment leader in India, merchant services company PayUMoney, to make buying and selling Bitcoin easier than ever

    The partnership between the two is major news, for those who use online payments in India, which is a relatively small but growing market niche. PayU is the payments leader in for merchants in India, controlling almost 60% of India’s e-commerce space. PayUBiz counts Jet Airways, Amazon, Airtel and Snapdeal among its clients.

    "The partnership with PayU is coming at a time when we are seeing a huge increase in the number of wallet users in India,” said Sathvik Vishwanath, CEO of Unocoin. “The ease with which payments can be made via wallets like PayU is certainly going to benefit the Bitcoin buyers and increase accessibility to Bitcoin markets. This is our Christmas gift to Unocoin users."

    Founded in 2013, Unocoin operates a trading platform that enables Indians to buy, sell, store, use and accept bitcoin. With well over 100,000 active customers, Unocoin processes more than 200 Million Rs, or almost $3 Million USD, monthly. This represents a significant amount of business given the fact that the average Indian makes around $30 USD in daily income. Unocoin offers customers Rs 200 (about $3 USD) for opening a new account.

    PayUmoney is currently used by more than two lakh (200,000) merchants across India, so this should spur even wider Bitcoin adoption in 2017, and they claim a user base of approximately 30 million.

    The economic market in India has been turned upside down with the demonetization created by Prime Minister Modi and the central banking system in early November. The popular 500 and 1000 Rs bank notes were decommissioned without notice, ATM are either empty or not working properly at all, and the new 2000 Rs bank note is not attracting much demand.Companies like ZebPay and Unocoin are seeing their Bitcoin businesses in India grow by orders of magnitude every month, and partnerships like this are not just desirable, but for many in the region, becoming necessary.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Bitcoin Vs. Banks: Who Does Overseas Money Transfers Better?

    One of the world’s largest financial industries is known as the remittances industry. You may have seen the word before and some may not know what it means, but it is a much shorter way of saying people sending money from one country to another. People have been using sudo-banking services like Western Union for over a century, and large commercial banks like Wells Fargo will gladly send a wire for you, but are these the best options for you?

    Bitcoin changes the remittances game forever

    This question is incredibly important for almost a quarter of a billion people around the world because companies like Western Union are making a fortune of these users. Over $500 billion worth of funds is sent every year by people sending money home to help pay for food, clothing, rent and essentials. Companies like Western Union and Moneygram handle well over $100 Billion USD of this business each year, but Bitcoin is proving to be a much better way to do this business, going forward.

    The world’s largest remittance markets are China, Indian, and the Philippines, so let’s look at one transaction. For example, if you send a mere $20 by Western Union from the U.S. to the Philippines through their Viber app, only about $15 USD will reach the intended recipient, after WU and exchange fees are deducted. Western Union gets up to a whopping 20% of the sender’s money! No wonder they have been in business for over 150 years. Plus, the receiver may have to wait up to five days to get the funds, after conversion.

    There is one interesting fact: Western Union is currently valued at about $10 Billion USD, which is almost exactly what Bitcoin is valued at in market capitalization. So Bitcoin has already caught up to a legendary 150+ year business in a matter of 7+ years. Why? One reason is because Bitcoin would’ve done the same transaction for pennies, and you can receive the funds in as little as one hour, regardless of your location. Heck, if you both have a Bitcoin wallet, you’ll receive the funds in seconds, and have it confirmed within minutes.

    Now, there are effective Bitcoin alternatives in these major markets, like Zebpay (see image above for a Bitcoin vs Banks cost comparison) and UnoCoin in India and Rebit in the Philippines and BitPagos in Brazil. Japan is working hard to accept one of their new national currencies through these means, as businesses figure out the new regulations.

    One thing is for sure, if you are not using Bitcoin for your overseas transfers, you are losing an incredible amount of time and money, in every week, to every month of every year. Welcome to the 21st century. Bitcoin is ready to serve you better.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University