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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

  • Japan Can Now Pay Utility Bills With Bitcoin

    ​People who are new to the exciting, innovative world of Bitcoin ask one common question. “What can I pay for with Bitcoin?” Well, in Japan, you can now pay for your utilities with Bitcoin. Japan’s largest Bitcoin exchange, Coincheck, has partnered with major Japanese energy company E-Net Systems and Mitsuwa industry Co. LTD to allow bitcoin users to pay bills with bitcoins. This will be the first-ever energy company in Japan to support payment of electric bills with bitcoins, directly.

    Coincheck is the BitPay of the Far East

    BitConnect caught up with Coincheck earlier this year and they progress they have made over the last two years has been staggering. Just within the last few months, Bitcoin business has boomed for Coincheck, as Coincheck executive Kagayaki Kawabata told BitConnect.

    “Since last we spoke, we have over 100 million USD transaction volume per month. Currently, there are over 2,500 merchants using our bitcoin payment services. We now support 6 cryptocurrencies, including Bitcoin, Ether, Ether Classic, Lisk, Factom, and Monero. As an exchange in Japan, we support the most crypto-currencies. Furthermore, having global customers in mind, we changed our domain name from coincheck.jp to coincheck.com

    Japan Can Now Pay Utility Bills With Bitcoin

    Now, they have added this partnership with E-Net, essentially making a new business arm for those eager to use their Bitcoins on the essentials of modern living. We asked Mr. Kawabata what kind of numbers in clients are expected to begin using Bitcoins, and how might this expand the customer base.

    “However, we are planning to attain 10,000 users in the first year,” Kawabata told BitConnect. “Also, there was demand from expats in Japan wishing to pay utility bills with bitcoin so we will also target this segment.”

    Immediate benefits for those who use Bitcoin to pay their utility bills include an automatic price reduction of up to 6% on their cost of electrical services for paying with Bitcoin. These savings will be credited to the users Coincheck wallet. In the near future, other services like gas, water, and mobile service will also be added to Bitcoin payment eligibility.

    Businesses around Japan have been quick to begin building systems for accepting Bitcoin payments an create blockchains since Japan officially accepted Bitcoin as a national currency in April. This new Bitcoin utility payment program, known as Coincheck Denki, will begin serving customers this November.

    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