20 Exchanges To Buy Bitcoin In The Philippines (2020)

When I travel to the Philippines, I can withdraw cash from my BTC wallet at any conventional bank ATM, with fee's 5 times lower than using debit cards! /r/Bitcoin

When I travel to the Philippines, I can withdraw cash from my BTC wallet at any conventional bank ATM, with fee's 5 times lower than using debit cards! /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin debit cards in Asia

Are there any Bitcoin debit cards (you can load them with Bitcoin) available to “any” country? I have found many that are available to European Union or US residents, but nothing for Asia.
Yes, I would love to use Bitcoin directly and do it as often as possible, but having the option to use Bitcoin indirectly through some card would be very helpful.
submitted by VSAlpha to Bitcoin [link] [comments]

Elrond partners with Swipe to enable ERD spending at over 60 million merchants

Elrond partners with Swipe to enable ERD spending at over 60 million merchants

https://preview.redd.it/06f3d5ds57c51.jpg?width=1280&format=pjpg&auto=webp&s=5d76c6770b2fe1f98b96fae201030247a61e2920
We are thrilled to announce that Elrond has partnered with Swipe and will be integrated within the Swipe platforms. This will make the $ERD token directly available for onboarding by more than 500,000 new users.
Furthermore, $ERD will be spendable via Swipe Wallet and its associated Visa debit cards, in either digital or physical form, at 60 million merchants directly, as well as through services such as Google Pay, Apple Pay & Samsung Pay.
“Bringing our high throughput, low latency, and inexpensive transactional layer online is an important step for our launch. Convenience, ease of use, and utility for the ERD currency is another. We are thrilled to work with the Swipe team, on an integration which brings us closer to what will be a defining moment for the new internet economy.” said Beniamin Mincu, Elrond CEO.
Recently acquired by Binance, Swipe is a multi-asset digital wallet and Visa card platform that allows users to buy, sell, convert, and spend cryptocurrencies. It offers direct access to more than 30 cryptocurrencies, buy, swap & sell options for credit or debit cards, and bank transfers.
Swipe Wallets have associated virtual Visa debit cards, which can also be obtained in physical form, to be used like any normal card. The payment process automatically converts the selected cryptocurrency into fiat to execute a seamless transaction at any of the 60 million merchants, or via Google, Apple, and Samsung payment services.
“Elrond’s notable progress makes it seem like they have just recently appeared. We know ourselves that such success does not come overnight and is the result of hard work. We are excited to include them in our portfolio and be a part of their journey.” said Joselito Lizarondo, Swipe CEO.
The integration is important for Elrond because it gets access to new users in 31 European countries, and soon launching in Asia and North America. It also offers existing Elrond users the possibility to spend $ERD directly as $EUR, $GBP, $USD and $KRW anywhere VISA cards are accepted, as well as through the major mobile payment services, with cashback options in Bitcoin.
About Elrond
Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
About Swipe
Swipe is a multi-asset digital wallet and Visa debit card platform designed to let users buy, sell, and spend their cryptocurrencies. Swipe is headquartered in the Philippines with operations in the United Kingdom, United States, Singapore, and Canada. The Swipe platform enables users to spend cryptocurrencies in real-time without having to manually convert the transactions prior. Users can also buy/sell cryptocurrencies with their linked bank accounts globally. For more information, visit: https://swipe.io
submitted by SwipeWallet to Swipe_io [link] [comments]

Binance and Swipe Partner to Bridge Crypto and Commerce, Announces Acquisition

Binance and Swipe Partner to Bridge Crypto and Commerce, Announces Acquisition

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MANILA — July 7, 2020 — Binance, the global blockchain company behind the world’s largest digital asset exchange, today announced the completion of its acquisition of Swipe, the industry’s leading multi-asset digital wallet and Visa debit card platform that allows users to buy, sell, convert and spend cryptocurrencies, for an undisclosed amount. The two companies will work together to further mainstream adoption of cryptocurrencies by bridging the gap between fiat and digital assets, notably payments and purchases in cryptocurrency through traditional financial systems.
“To achieve our mission of making crypto more accessible to the masses, off-ramps are a key component as well. By giving users the ability to convert and spend crypto directly, and have merchants still seamlessly accept fiat, this will make the crypto experience much better for everyone,” said Binance CEO Changpeng Zhao (CZ). “Swipe’s exceptional team has made great strides in furthering this mission and has been instrumental in the industry for bridging the gap between commerce and crypto. The Swipe Wallet alone is unique which acts as a digital bank account for its users, providing access to traditional banking services. We are thrilled to work with a team that shares the same core values and looking forward to our larger efforts ahead.”
“Swipe’s goal is to further synchronize crypto with fiat currency-based transactions,” said Swipe CEO Joselito Lizarondo. “Partnering with Binance, given their world-recognized track record and user base, alongside a team that constantly executes, will place Swipe in the position to make cryptocurrencies more accessible for millions of users worldwide. We are excited to work with Binance to continue innovating in this crypto-banking space to further build towards mass adoption on our current and future product lines.”
Swipe has listed BNB on its platform, making BNB spendable to Euros at over 50 million locations worldwide through the Swipe Visa Debit Card. Swipe’s token, SXP, was also listed on Binance.com today, making it available for Binance and Swipe users to easily buy and use on its respective platforms. Additional plans from the partnership between Binance and Swipe will be announced at a later date.
The Swipe platform currently supports a wide range of digital assets that enable them to remain in their native form until a point-of-sale/transaction occurs. The selected digital asset is then converted to fiat currencies passed through the Visa payment rails, making cryptocurrencies instantly spendable in more than 50 million locations around the world with just a tap of a few buttons and a “swipe” of a card. Cardholders can also enjoy up to 4% cashback in Bitcoin on every purchase as well as discounted fees by using SXP on the Swipe platform.
Swipe is currently available in 31 countries within the European Economic Area and issued by Contis Financial who is a Visa Europe Principal Member.
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About Swipe
Swipe is a multi-asset digital wallet and Visa debit card platform designed to let users buy, sell and spend their cryptocurrencies. Swipe is headquartered in the Philippines with operations in the United Kingdom, United States, Singapore, and Canada. The Swipe platform enables users to spend cryptocurrencies in real-time without having to manually convert the transactions prior. Users can also buy/sell cryptocurrencies with their linked bank accounts globally. For more information, visit: https://swipe.io
About Binance
Binance is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://www.binance.com
Media Contacts
Binance: [[email protected]](mailto:[email protected])
Swipe: [[email protected]](mailto:[email protected])
submitted by SwipeWallet to Swipe_io [link] [comments]

Bitcoin in the Philippines

What’s the most efficient way to sell Bitcoins in the Philippines? So far I have only found Coins.ph. They seem to charge a 2.5% currency conversion rate, which I think is quite high.
Other than that, are there places where it’s directly accepted as a payment method?
I haven’t found any of those debit cards than can be charged with Bitcoin that can be sent here.
submitted by VSAlpha to Bitcoin [link] [comments]

Swipe Launches Samsung Pay for Swipe Visa Cardholders

Swipe Launches Samsung Pay for Swipe Visa Cardholders

https://preview.redd.it/8t7q01qa79w41.jpg?width=1280&format=pjpg&auto=webp&s=8ee08ea404d7f5c8c6a992e0afa2cc719c6b74c0
Swipe Wallet is proud to announce that starting today, Swipe Android users can now add their Swipe Visa Debit cards directly to their Samsung Pay Wallets. Swipe is excited to partner with its issuing bank and to collaborate with Samsung to release this new product to bridge the gap in spending cryptocurrencies to fiat currencies.
The Swipe Card is a Visa debit card funded by cryptocurrencies such as Bitcoin for Euros to be spent anywhere Visa is accepted. Swipe has previously launched support for Google Pay and now adds to Samsung Pay to broaden the reach of accessibility for Swipe users.
Samsung Pay gives Swipe Visa cardholders access to a secure and fast way to pay with their smartphones, smartwatches, and other Samsung Pay-enabled devices. With this integration and relationship with Samsung, cardholders can enjoy these benefits instantly and use their cryptocurrencies at over 50 million locations worldwide.
Cardholders in the United Kingdom and European Union countries which include: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovenia, Slovakia, Spain, and Sweden are able to utilize Samsung Pay, in addition to Google Pay, giving Swipe the first multi-national digital wallet approach for both Samsung Pay and Google Pay on a wide number of cryptocurrencies.
Joselito Lizarondo, Chief Executive Officer of Swipe stated, “We are excited to bring Samsung Pay to our cardholders.” This integration and relationship with Samsung will open cryptocurrency adoption and make transactions with our Visa card in Euros converted by crypto seamless. Given the current COVID-19 situation, and people steering away from physical products like cash and in some instances cards, a digital solution really helps put our client’s needs first.”
About Swipe
Swipe is a multi-asset digital wallet and Visa debit card platform designed to let users buy, sell, and spend their cryptocurrencies. Swipe is headquartered in the Philippines with operations in the United Kingdom and Estonia that service European users. The Swipe platform enables users to spend cryptocurrencies in real-time without having to manually convert the transactions prior. Users can also buy/sell cryptocurrencies with their linked bank accounts globally. Follow Swipe on Twitter, Facebook, Instagram, and Medium blog to get the latest news and updates.
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Your Swipe Visa Card and Account will be issued by Contis Financial Services Ltd who is authorized by the Financial Conduct Authority to issue e-money (Firm Reference Number: 900025) and is a member of Visa.
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Stay up-to-date with all the latest news from Swipe
Website: https://swipe.io
Twitter: https://twitter.com/SwipeWallet
Facebook: https://facebook.com/Swipe
Instagram: https://instagram.com/Swipe
Medium: https://medium.com/Swipe
Telegram: https://t.me/SwipeWallet & https://t.me/Swipe
LinkedIn: https://www.linkedin.com/company/swipewallet
YouTube: https://youtube.com/SwipeWallet
submitted by SwipeWallet to Swipe_io [link] [comments]

Is anybody else having trouble buying crypto with card?

Over the last week i have tried purchasing BCH on bitcoin.com wallet and atomic wallet with a Philippine credit card and American debit card. Today i tried purchasing BTC thru ABra wallet with american debit card.
All transactions failed. I received messages saying that “You can not purchase BCH at the moment please try again later”. Today’s message from ABRA was the following: We were not able to purchase BTC on any of our partner exchanges. Please try agsin later.( Or something of that sort)
Did anybody purchased crypto in the last week thru debit card? If so, where did you purchase it from?
Are we in the moment Where all exchanges are sutting down because of the coming economic collapse and possible hyperinflation ( in my opinion)?
submitted by Ivaylo12 to btc [link] [comments]

Initiating a bank transfer or Paypal from Vietcombank without being in the country?

Even though I worked legally and could theoretically do an international wire transfer, I'm leaving Vietnam on the 24th and get paid (probably 20M dong / $900) on the 1st, so that's not an option because I won't be able to physically go to a VCB agency.
I could pray that my debit card works internationally and then withdraw small amounts every day in Japan/Brazil/Philippines, but that incurs steep fees (I'm assuming $5 per transaction with a $100 transaction limit which would amount to just shy of $50 or 1.1M dong in total fees). Not to mention that ATMs are often very finicky with international debit cards.
So one thing that I'm considering is buying Bitcoin. I found a website that accepts VND and has much cheaper fees than the debit card method above. It doesn't seem 100% safe, but beggars can't be choosers. It accepts bank transfers and Paypal as methods of payment, so my question is, can I easily use one of those to extract my VND from my VCB account without being in Vietnam? Or in other words:
Thanks!
submitted by Malarazz to VietNam [link] [comments]

When I travel to the Philippines, I can withdraw cash from my BTC wallet at any conventional bank ATM, with fee's 5 times lower than using debit cards!

Hi folks,
I wanted to share my story of how i use bitcoin and why its a big deal. As someone who has to travel frequently, accessing cash abroad is either a hassle (bring cash, find money changer), or I have to pay large amounts of fees to withdraw at the atm. If i use my debit card there to get cash, i pay 5$ overseas fee + shitty exchange rate + 200php (5$) local bank. So with a typical withdrawal of 100 bucks, i pay about 10-15% fees.
Now in the Philippines, you can withdraw cash directly from your bitcoin wallet (coins.ph) to any security ATM (one of the major banks) for free. So when i need cash, i buy btc via coinhako (0.9% fee), transfer it to my coins.ph wallet. Their withdrawal option in the app will give me a code, which i can enter at security bank ATM and get cash without any ATM card. The conversion btc-php comes at a approx 1.25% fee. So overall i am able to get cash overseas for max 2.5%.
A nice plus is also, that at the end of the trip, i can pay my remaining peso back into my btc wallet at any seveneleven.
Now who needs a bank account anymore?
submitted by Schizo-Vreni to Bitcoin [link] [comments]

IPVanish Review - Why its a great VPN

IPVanish is a popular VPN service particularly with Android and Fire TV Stick users, and it makes a very strong claim on its homepage – that it’s the “World’s Best VPN.”
Seen this sort of statement before, right? It’s certainly one of the leading VPN providers out there, but is it really the best VPN overall?
We never take a provider’s word for it, so we decided to put IPVanish to the test – a very extensive one – to see if its claims are to be believed.
We were particularly keen to find out:
How good is IPVanish? Is it safe to use? Is IPVanish very fast? Does it work with Netflix? Is torrenting and P2P allowed? Is it the best VPN app for Firestick? But before we answer each of these (and many more) questions, lets see the pros and cons of IPVanish VPN:
Pros Cons Very impressive speeds Works with Netflix Great for torrenting & Kodi No-logs policy & no IP/DNS/WebRTC leaks User-friendly apps for PC, Mac, iOS, & Android Good server network across 50 countries Won't work with BBC iPlayer, or in China Short refund period Based in privacy-unfriendly US Desktop app could be more user-friendly Works with
Netflix, HBO, Torrenting, Kodi
Available on
Windows Mac Ios Android Linux Price from
$4.87/mo
As you can see IPVanish certainly does have many strengths to shout about.
It’s now time to take a very close look at the attributes and features of each IPVanish app, starting with how fast it is.
Speed & Reliability IPVanish is a consistently fast VPN
IPVanish is a very fast VPN service, with some of the quickest speeds we’ve seen in our tests.
IPVanish didn’t slow down our connection too much, and it is more than fast enough for HD or 4K streaming.
Speed results from our physical location in London (100Mbps fibre optic connection) to a London test server.
Before using IPVanish:
DOWNLOAD Mbps 93.76
UPLOAD Mbps 97.58
PING ms 2
When connected to IPVanish:
DOWNLOAD Mbps 84.13
UPLOAD Mbps 90.33
PING ms 7
Download speed without IPVanish: 93.76Mbps
Download speed with IPVanish: 84.13Mbps
Our download speed loss when IPVanish is running: 10%
Downloads, uploads and latency when using IPVanish are among the best we’ve seen, making this VPN a very smart choice for gamers and torrenters alike.
It’s also one of the most reliable VPN services we’ve seen, providing consistently fast speeds from one test to the next.
Here are the average speeds you can expect when using IPVanish to connect out to various locations around the world (from the UK):
USA: 53Mbps (download) & 37Mbps (upload) Germany: 76Mbps (download) & 81Mbps (upload) Singapore: 25Mbps (download) & 2Mbps (upload) Australia: 24Mbps (download) & 6Mbps (upload) Server Locations Over 40,000 IP addresses across 77 locations
Globe with a blue flag 50 Countries Image of a city landscape 77 Cities Image of a pink marker 40,000+ IP Addresses See all Server Locations IPVanish VPN gives access to more than 1,300 servers worldwide and over 40,000 IP addresses, which is one of the highest numbers of IP addresses we’ve ever seen. This means that you’re unlikely to experience VPN server congestion and slow speeds while connected to IPVanish.
The 50 countries in IPVanish’s VPN server network are well spread-out, including some less common nations like Moldova and the Philippines (in addition to all the typical countries like US, UK, Canada, Australia, and more).
List of IPVanish server locations
IPVanish provides its customers with city-level options in the US (19 cities), UK (4), Canada (3) Australia (2) and Brazil (2).
US-based users can choose from IPVanish servers in:
Central – Chicago, Dallas, Denver, Houston, Jackson, Milwaukee, St. Louis East – Ashburn, Atlanta, Boston, Cleveland, Miami, New York West – Las Vegas, Los Angeles, Phoenix, Salt Lake City, San Jose, Seattle We’d love to see more city-level selections in Australia – mainly Perth which is located on the West coast – and more server options in South America, where only Brazil and Colombia are served.
The high number of VPN servers in IPVanish’s network is enough to offset these minor complaints, though.
IPVanish is one of the few VPN providers to own its entire (or very close to) server infrastructure, meaning they rent very few servers from third-parties.
Streaming & Torrenting Excellent choice for torrenting & Netflix
Despite IPVanish being one of the fastest VPNs we’ve seen, it’s just not a great VPN for streaming.
Most of IPVanish’s US servers work for Netflix, although it can occasionally take a while to load, but all of its UK servers are currently blocked by BBC iPlayer and according to IPVanish they are not looking to work on fixing this.
If streaming BBC iPlayer is important to you, read through our dedicated guide or take a look at our NordVPN or CyberGhost reviews, two VPN services that work well with BBC iPlayer.
IPVanish has also confirmed it isn’t working with Amazon Prime Video or Hulu at the moment.
Torrenting IPVanish is, however, one of the best VPN services for torrenting we’ve tested, with very fast speeds and a watertight logging policy.
Torrenting is permitted on all of its servers and when we checked for IP/DNS leaks, we found none.
Not to mention that it has a VPN kill switch, but more on this below.
Therefore, we recommend IPVanish VPN for all P2P activity including Kodi for which IPVanish is currently the #1 VPN service.
Bypassing Censorship No good for China
IPVanish is very upfront in saying that the VPN service won’t work in China, despite being equipped with an array of obfuscation tools.
We really appreciate IPVanish’s honesty on this topic. IPVanish also provides a useful list of other countries the VPN won’t work in: you can find this on the support section of the IPVanish website.
List of IPVanish banned countries
IPVanish states that it is “forbidden to do business in”:
Myanmar Cuba Iran North Korea Sudan Syria IPVanish states that its domain, ipvanish.com, is blocked in:
Qatar Saudi Arabia United Arab Emirates (UAE) China Kazakhstan It’s not just IPVanish’s domain that is blocked in these countries, and many users have reported that IPVanish’s apps don’t work either.
If you live or are travelling to a high censorship country then we suggest you consider using VPN services like ExpressVPN or VyprVPN to bypass aggressive internet censors.
Platforms & Devices Works with all major platforms & devices
Apps Windows Logo Windows Mac Logo Mac iOS Logo iOS Android Logo Android Linux Logo Linux Router Logo Router IPVanish has custom VPN apps for all popular mobile and desktop operating systems so you can use them on:
PCs Apple Macs iPhones Android devices You can also setup IPVanish on other devices using manual workarounds (see the ‘Games Consoles & Streaming Devices’ section below).
Games Consoles & Streaming Devices AppleTV Logo AppleTV Amazon Fire TV Logo Amazon Fire TV Chromecast Logo Chromecast Nintendo Logo Nintendo PlayStation Logo PlayStation Roku Logo Roku Xbox Logo Xbox IPVanish is a good VPN to use with gaming consoles and streaming devices.
IPVanish is our number 1 VPN pick for the increasingly popular Amazon Firestick, and it’s super easy to install and use.
You can also use IPVanish on 10 devices at once, which is very generous (the average among the top VPN services is about 5 simultaneous connections).
You can also install IPVanish on your home router so that all your internet traffic at home is protected.
Browser Extensions Unfortunately, IPVanish doesn’t have any VPN browser extensions, which is a shame and one of the very few areas where it seriously lags behind its competitors.
If you want to use a VPN extension with your web browser then take a look at our:
Best VPN extensions for Chrome Best VPN addons for Firefox Encryption & Security One of the safest providers we’ve reviewed
Protocol IKEv2/IPSec
L2TP/IPSec
OpenVPN (TCP/UDP)
PPTP
Encryption AES-256
Security DNS Leak Blocking
First-party DNS
IPV6 Leak Blocking
Supports TCP Port 443
VPN Kill Switch
Advanced features SOCKS
Please see our VPN Glossary if these terms confuse you and would like to learn more.
We believe that IPVanish is one of the most secure and private VPN services available.
IPVanish mainly uses the OpenVPN and IKEv2 protocols and encrypts your online traffic with the ‘unbreakable’ AES-256 cipher, meaning you’re protected at all times. You can also connect using L2TP/IPsec, if you’d prefer.
IPVanish has a VPN kill switch to protect your privacy in case of a connection drop, plus a host of other advanced features to secure your web browsing. This includes SOCKS5 web proxy, which masks your IP address during P2P and VoIP connections – although this doesn’t encrypt traffic.
We also found IPVanish to be extremely safe, and free of IP or DNS leaks in our most recent tests:
IPVanish leak test results from browserleaks.com IPVanish’s leak test results when connected to its Chicago server
Logging Policy No-logs policy makes up for US jurisdiction
IPVanish doesn’t collect any user data at all, making it a no-logs VPN service.
Considering most VPN logging policies track at least server load or login information for maintenance purposes, this is what makes IPVanish a standout VPN for privacy.
In 2016, when under previous management, IPVanish was however found to be collecting logs when it handed information over to US authorities to aid in the prosecution of a user.
Since being acquired a number of times since then, IPVanish has turned things around and we have no longer concerns about its approach to user privacy.
Jurisdiction IPVanish VPN was first released in 2012 by its former US-based owner HighWinds Network Group. IPVanish has since been acquired by StackPath and in 2019 by J2 Global which are both US-based companies.
As you can see IPVanish is, and has always been, operated by companies headquartered in the US, which does have very intrusive surveillance laws and is a member of the Five-Eyes data sharing agreement.
IPVanish being based in the US is largely irrelevant though as its no-logs policy means no identifiable information is collected by the VPN provider.
Ease of Use User-friendly install with lots of advanced features
How to Install & Set Up IPVanish Screenshot of the Windows download button on the IPVanish website Beginning the installation process is as simple as clicking the button to download the relevant software from the site.
Screenshot of the progress of our IPVanish Windows download You can check the progress of the installation here, but it usually only takes a couple of minutes from start to finish.
Screenshot of the completed IPVanish download Once the software is downloaded, you'll see this screen which prompts you to run the IPVanish app.
Screenshot of IPVanish's main dashboard on its Windows app IPVanish main dashboard shows key connection info and permits server selection. We like the nice graph too.
Screenshot of IPVanish's server list in the Windows app Power users will select servers from the main dashboard rather than the server list as it's a slicker experience.
Screenshot of the server location filters in the IPVanish desktop app IPVanish server list view with filters - it's mostly pretty good but not as optimal as using the main dashboard.
Screenshot of the advanced settings in IPVanish's desktop app IPVanish is rich with advanced settings for customizing connections and it's well laid out to boot. Nice!
IPVanish’s desktop VPN apps are perfectly simple to use, even if they could do with a bit of a visual overhaul as they are starting to look a little out-dated.
The advanced privacy settings are also easy to navigate, making IPVanish suited to both VPN beginners and more experienced users.
The mobile IPVanish apps lack a few key features, such as the VPN kill switch, but they do still provide a very good, user-friendly experience.
Customer Support Helpful support with 24/7 live chat
24/7 Email support Online Resources We found IPVanish customer support agents to be friendly and helpful no matter what we asked them about the VPN service.
Thanks to a recent update, IPVanish now also has 24-hour live chat support on its website.
IPVanish also has excellent email support, which provided us with impressively well-written responses, as well as an online FAQ for straightforward solutions to the most common issues.
If for any reason IPVanish isn’t working properly, you should be able to fix it quickly by following these guides.
Pricing & Deals Well worth it for the level of service
IPVanish Coupon IPVanish logo IPVanish
Get 60% off IPVanish's 12-month plan
TestedEnds 22 Aug Get CodeED Terms IPVanish Pricing Plan IPVanish is reasonably priced and affordable. It is neither the cheapest VPN service, nor the most expensive. You can pay for IPVanish monthly or on an annual basis.
$4.87 per month on the 12-month plan is a very good price, especially as it’s 60% cheaper than the standard one-month plan, priced at $11.99.
There’s also a 3-month option for $6.75 per month.
Monthly
US$7.50/mo
Billed $7.50 for the first month Save 38% 3 Months
US$6.75/mo
Billed $20.24 for the first 3 months Save 44% 12 Months
US$4.87/mo
Billed $58.49 for the first 12 months Save 60% All plans have 7-day money-back guarantee
Payment & Refund Options The IPVanish seven-day money-back guarantee is 100% no-questions-asked and refunds your money within 10 working days.
Our only issue is with IPVanish’s iOS policy – if you sign up for an IPVanish login via the iOS Store then you don’t qualify for the money back guarantee.
IPVanish only accepts credit cards, debit cards, and PayPal.
Unfortunately neither cryptocurrencies like Bitcoin nor international options like Alipay are currently accepted.
submitted by Zinkzd to VPNsReddit [link] [comments]

PrivateVPN Review - A real shocker

PrivateVPN doesn’t shy away from talking itself up on its website. It makes a whole bunch of bold claims, such as it being the “fastest growing VPN worldwide”.
PrivateVPN also promises to “unlock anything, protect everything” – that’s just what we like to see from a VPN service, but can it possibly deliver on such strong claims?
We put PrivateVPN to the test hoping to answer that question, plus:
Does PrivateVPN work with Netflix? Where is PrivateVPN located? Does PrivateVPN work in China? What is Stealth VPN? And, of course, is PrivateVPN any good? Our unbiased and in-depth review will explain all, but if you’re in a rush you can find our key takeaways just below. Pros Consistently fast speeds No logging & no IP, DNS & WebRTC leaks Works with Netflix, BBC iPlayer & more Torrenting/P2P allowed on all VPN servers Choose from VPN servers in 59 countries User-friendly apps for PC, Mac, iOS, & Android Cons Small number of individual VPN servers No browser VPN extensions No native app for Linux Live chat not always available Works with
Netflix, Amazon Prime Video, Hulu, BBC iPlayer, Sky, HBO, Torrenting, Kodi
Available on
Windows Mac Ios Android Linux Price from
$2.88/mo
PrivateVPN is one of the best VPNs on the market, there’s no doubt about it. It’s fast, safe and tantalizingly cheap – but it’s not without its flaws. Read on to find out just what to look out for.
Speed & Reliability Very fast speeds across the server network
PrivateVPN provides consistently fast speeds across its VPN server network. Reliably quick uploads and downloads are ideal for both secure torrenting and buffer-free streaming.
Connecting to a same-country server (UK to UK), PrivateVPN only slowed our internet connection down by about 7%.
PrivateVPN is one of the fastest VPNs available – if speed is what you want then it’s a serious contender.
Speed results from our physical location in London (100Mbps fibre optic connection) to a London test server.
Before using PrivateVPN:
DOWNLOAD Mbps 92.94
UPLOAD Mbps 97.54
PING ms 3
When connected to PrivateVPN:
DOWNLOAD Mbps 86.7
UPLOAD Mbps 88.94
PING ms 5
Download speed without PrivateVPN: 92.94Mbps
Download speed with PrivateVPN: 86.70Mbps
Our download speed loss when PrivateVPN is running: 7%
Ping times are low (great for gamers) and upload speeds are high (great for torrenters).
Even across international connections, such as the UK to the US, PrivateVPN is pretty speedy – you’ll be able to do pretty much anything online without breaking a sweat.
Take a look at the average download and upload speeds we recorded connecting out from the UK to PrivateVPN’s servers:
USA: 63Mbps (download) & 25Mbps (upload) Germany: 86Mbps (download) & 56Mbps (upload) Singapore: 32Mbps (download) & 15Mbps (upload) Australia: 18Mbps (download) & 13Mbps (upload) Server Locations Just 150 VPN servers cover 59 countries
Globe with a blue flag 59 Countries Image of a city landscape 75 Cities Image of a pink marker 7,000+ IP Addresses See all Server Locations PrivateVPN’s array of locations (59 countries) and VPN servers is nowhere near the highest we’ve seen, but it’s not as poor as it may first look.
Screenshot of PrivateVPN's beta server list
PrivateVPN offers more than 7,000 individual IP addresses so, despite maintaining just the 150 or so VPN servers, you shouldn’t have to worry about facing congestion or slowdown.
Those 150 VPN servers also do a pretty good job of providing worldwide coverage. There are servers in popular locations like the US, Canada, Australia, and loads of countries in Western Europe, but PrivateVPN also provides plenty of choice in South America and Asia-Pacific.
Those in South and Central America can connect to VPN servers in Argentina, Chile, Colombia, Costa Rica, and Panama.
While Asia has VPN servers in Hong Kong, Indonesia, Israel, India, Japan, South Korea, Malaysia, Philippines, Singapore, Thailand, Taiwan, Vietnam, and the United Arab Emirates.
Disappointingly, Africa is covered by South Africa alone.
PrivateVPN provides city-level choice in eight countries, which is great for experiencing the best speeds:
Australia (2) Canada (2) India (2) Italy (2) Sweden (3) the UK (2) Ukraine (2) the US (9) PrivateVPN uses a mix of physical servers and virtual servers. It owns some of its servers and leases others. While this isn’t ideal, PrivateVPN ensures that those leased servers are not keeping user logs by setting them up themselves and monitoring the servers remotely.
Streaming & Torrenting Works reliably with Netflix, BBC iPlayer, Hulu, and more
PrivateVPN is one of the absolute best VPNs for streaming.
PrivateVPN makes streaming easy by organizing its locations list into servers optimized for accessing certain streaming services like Netflix and BBC iPlayer.
PrivateVPN also has dedicated VPN servers for 18 other streaming channels including:
Amazon Prime ESPN HBO Hulu Sky Torrenting PrivateVPN is a great VPN for torrenting, with P2P allowed on all servers, but there are special servers in 17 countries optimized for that purpose too. You can find these servers under ‘Dedicated IP/Torrent’ within the ‘By Service’ servers list.
PrivateVPN is one of the safest choices for torrenting due to its no-logs policy, host of security features, and fast uploads and downloads.
PrivateVPN is ideal for Kodi, too.
Bypassing Censorship Works reliably in China thanks to Stealth VPN protocol
PrivateVPN is a good VPN for China.
Its advanced privacy tools and Stealth VPN protocol, which hides the fact you’re using a VPN, meaning that PrivateVPN is one of our most reliable VPN choices for China – or for bypassing censorship in any other country, for that matter.
Thanks to the Stealth VPN feature, you can use PrivateVPN in the United Arab Emirates, Saudi Arabia, and Turkey too. With plenty of servers in Asia, speeds should remain fast.
PrivateVPN also provides Tor over VPN if you’re looking for an extra layer of security.
Platforms & Devices Simple custom VPN apps for the main platforms
Apps Windows Logo Windows Mac Logo Mac iOS Logo iOS Android Logo Android Linux Logo Linux Router Logo Router PrivateVPN has custom VPN apps for the most popular platforms, including:
Microsoft Windows Apple MacOS iOS Android For any other platforms, like Linux, there are plenty of manual setup guides online to help you through it.
You can connect up to six devices at the same time, which makes PrivateVPN a good choice for those who want to protect not only their devices but their family’s too.
Games Consoles & Streaming Devices AppleTV Logo AppleTV Amazon Fire TV Logo Amazon Fire TV Chromecast Logo Chromecast Nintendo Logo Nintendo PlayStation Logo PlayStation Roku Logo Roku Xbox Logo Xbox On top of custom apps for the four most popular platforms, PrivateVPN provides solutions for smart TVs too.
PrivateVPN is one of very few providers to offer a dedicated VPN app for the Amazon Fire TV Stick, meaning all you have to do is download the app from the store and you’re ready to go.
In order to protect games consoles or any other streaming device, you’ll need to connect them to a configured router or another device running the PrivateVPN app, such as a laptop or smartphone.
Browser Extensions Unlike the majority of our other top-ranking VPNs, PrivateVPN has no browser extensions. This means that there are no add-ons for Google Chrome, Mozilla Firefox, Opera, or Safari.
ExpressVPN, for example, provides full-featured VPN extensions for the most popular web browsers. VPN browsers tend to come with added WebRTC leak protection, but thankfully we didn’t experience any leaks during our PrivateVPN tests.
Encryption & Security Very secure VPN with plenty of configurable options
Protocol IKEv2/IPSec
L2TP/IPSec
OpenVPN (TCP/UDP)
PPTP
Encryption AES-256
Security DNS Leak Blocking
First-party DNS
IPV6 Leak Blocking
Supports TCP Port 443
VPN Kill Switch
Advanced features SOCKS
TOR via VPN Server
Please see our VPN Glossary if these terms confuse you and would like to learn more.
It’s not just a name – PrivateVPN really is a truly secure and safe VPN, with lots of advanced features in place to make sure your data and browsing habits are kept as private as possible.
Screenshot of PrivateVPN Settings Menu in App
PrivateVPN provides near-uncrackable AES-256 encryption, the OpenVPN protocol – our personal favorite, and DNS servers operated by PrivateVPN so that your traffic doesn’t take any unexpected diversions.
You can choose to connect using other VPN protocols (PPTP and L2TP) but we don’t recommend them as they don’t provide the same level of security. In fact, PPTP is unsafe to use.
PrivateVPN has a VPN kill switch for Windows to keep you safe if your connection drops, but it’s missing for MacOS and mobile devices, which is disappointing.
Our thorough VPN testing detected no DNS or IPv6 leaks, and you can also use Tor over VPN or TCP Port 443 for even greater security.
Screenshot of leak test results for PrivateVPN PrivateVPN browserleaks.com test results while connected to a US server. We test from the UK.
Logging Policy Strict zero-logging policy mitigates EU jurisdiction
A VPN can’t truly be private unless it has a top-notch, robust logging policy. PrivateVPN claims that it “doesn’t collect or log any traffic or use of its service.”
That’s great – unfortunately, that one quote is also the full extent of it. We’d like the privacy policy to explicitly say that it doesn’t log DNS requests, connection timestamps, or IP addresses, but thankfully a support agent confirmed that PrivateVPN doesn’t collect this data.
Ultimately, we trust PrivateVPN to keep you safe, and you should too, but ideally we look for a little more information and clarification in a privacy policy, just for peace of mind.
Jurisdiction PrivateVPN was founded in 2009 and is owned by Privat Kommunikation AB, which operates under the jurisdiction of Sweden, making it subject to EU data retention laws and intelligence-sharing agreements.
However, PrivateVPN’s zero-logs policy means that even if it was asked to comply with any type of investigation, it doesn’t have any information about its VPN subscribers to give to the authorities, so there’s nothing for users to worry about.
Ease of Use Simple setup and user-friendly custom apps
How to Install & Set Up PrivateVPN Screenshot of PrivateVPN Download Button Go to the downloads section of the PrivateVPN website to begin the installation process.
Screenshot of PrivateVPN Terms and Conditions You have to accept PrivateVPN's terms and conditions before you can install the software.
Screenshot of PrivateVPN Installation Wizard Once you've accepted the terms, the VPN installation wizard will let you know once the installation is complete.
Screenshot of PrivateVPN Completed Installation When the software has been installed, you'll be prompted to restart your machine before you can use the VPN.
Screenshot of PrivateVPN Desktop App Main Screen The desktop VPN client is uncluttered and user-friendly, displaying your new IP address and chosen server location.
Screenshot of PrivateVPN's server list PrivateVPN's server list is arranged in alphabetical order by country name and displays the city name too.
Screenshot of PrivateVPN's streaming servers PrivateVPN makes streaming your favorite shows easy with a list of dedicated VPN servers.
Screenshot of PrivateVPN Protocol Selection You can choose which VPN protocol you want to connect with, but OpenVPN is the default setting.
Screenshot of PrivateVPN Connection Guard The VPN connection guard tab allows you to toggle on/off features such as the kill switch and DNS leak blocking.
Downloading and installing PrivateVPN is incredibly easy and takes only a matter of minutes. There are step-by-step installation guides for loads of popular devices on the website if you need help.
PrivateVPN’s minimalist VPN apps do a great job of keeping things simple while simultaneously showcasing its more advanced features.
The desktop and mobile PrivateVPN apps are very similar in appearance, and everything is clearly labeled and accessible – although mobile users should beware that the Android and iOS versions are missing the kill switch.
PrivateVPN’s apps don’t provide integrated support, either, so newbies or those looking for assistance will need to head online for help.
Customer Support Useful online resources but live chat is inconsistent
Live chat Support Online Resources PrivateVPN does have a live chat help feature on its website, but it’s not available 24/7, which is less than ideal.
The chat box is either red or green depending on whether or not it’s available – there doesn’t seem to be any way to predict exactly when that will or won’t be. When it’s unavailable PrivateVPN brings up an online form instead.
Email replies to the online form are fairly quick, and the support agents are very knowledgable and friendly.
Even if the live chat isn’t active when you need it, PrivateVPN’s online resources and FAQs should be able to see you through most issues.
Pricing & Deals Super cheap VPN, especially on 15-month plan
PrivateVPN Coupon PrivateVPN logo PrivateVPN
Get 73% off with PrivateVPN's 15-month plan
TestedEnds 28 Aug Get CodeED Terms PrivateVPN Pricing Plan PrivateVPN is affordable with a sizable 73% saving available when taking out a 15-month plan. $2.88 per month for the duration is an extremely enticing price for a service the quality of PrivateVPN.
There are also shorter plans available, but these work out to be more expensive on a monthly basis.
Monthly
US$7.12/mo
Billed $10.95 for the first month Save 35% 3 Months
US$4.20/mo
Billed $12.60 for the first 3 months Save 61% 15 Months
US$2.88/mo
Billed $43.20 for the first 15 months Save 73% All plans have 30-day money-back guarantee
Payment & Refund Options Credit Card PayPal Bitcoin PrivateVPN accepts a fairly limited number of payment methods, but there is an option to pay in cryptocurrency for a higher level of privacy:
Major credit and debit cards PayPal Bitcoin PrivateVPN offers a seven-day free trial completely risk-free. You don’t need to provide any payment details, just an email address, and you’ll have full access to the service for a week.
There is also a 30-day money-back guarantee for all users, and the only conditional is that you use less than 100GB of data in the period.
You will need to provide a reason for asking for your money back, but all refunds are processed within five business days of them being requested if you have second thoughts.
submitted by Zinkzd to VPNsReddit [link] [comments]

Abra Explained!

With the announcement of Abra Global accepting Litecoin along with 19 other great crypto currency projects.
https://twitter.com/satoshilite/status/974445868282650624?s=21
https://twitter.com/billbarhydt/status/974308529451368449?s=21
There have been some mixed emotions. Most, in my belief, due to not fully understanding the product. I took some time to clarify a few things and possibly answer some of the questions you might be having.
Users can deposit money through means of: -US domestic wires for 2-30k per day, no weekly or monthly limits.
-Bank deposit (US & Philippines for now) 1.5-2% Teller Fee for PH Banks 0% Fee for US Banks
-BTC deposit Network Fees
-Credit Card(Amex)/Debit (ACH) transactions More to come) 4% Fee for Amex
Once the funds are on the platform though you can convert fiat/BTC for ANY of the 70 currencies listed including fiat currencies without supported banks yet. You can even exchange fiat for fiat USD -> GBP.
This is possible by means of use of stablecoins. Here is a link to how stablecoins work:
https://hackernoon.com/stablecoins-designing-a-price-stable-cryptocurrency-6bf24e2689e5
TL;DR Stablecoins are paired with a fiat that holds its value relative to a foreign markets rather than a crypto exchange, so the price will not be as volatile. All stable coins are hedged against the market through the use of smart contracts through Litecoin and Bitcoin networks.
Additionally: Abra will pay the difference if you want to cash out fiat stablecoins. (Example: if you put $100 USD into EUR and it gained 6% you would keep the gains, less any fees)
Trading If you would like to trade any of the Crypto Currencies for Fiat, all trades are fee-less (crypto->crypto, crypto->fiat, or fiat->fiat)
Any withdrawals currently only charge 1.5-2% for PH Banks, 0% for US banks, & Network Fees for BTC withdrawals. Users can also do US Bank wire withdrawals
Additional Tip: If you use UnionBank, they can do OTC cash deposits into the app even if you aren't a UnionBank account holder and they do not have fees.
Pros -2-3 Business Day Bank deposit -> 5-7 day Coinbase -Fee-less trading -70 supported currencies (through use of 20 crypto currencies and 50 Fiat stablecoins) -Non-custodial wallet (you control private keys)
Cons -Only US & Philippines Banks/ BTC for deposits -Can only withdrawal via US & Philippines Banks, or BTC -Can not transfer to external wallets -Segwit not activated
KYC can be viewed either Pro or Con, but they do require a KYC. Very small though:
-Name -Country -Email -Phone Number
It took me about 5 minutes to completely sign up, add my bank info and transfer some BTC.
Solutions Abra is working to add more banks in the future, in the meantime users can still hold their preferred currency through the use of the fiat stablecoins.
https://www.abra.com/blog/20-new-cryptocurrencies/
"Abra will be adding native support for LTC & ETH deposits in the coming weeks."
Currently Abra is working on support for transfer from Ledger Nano wallets
https://twitter.com/crypto_trojan/status/974339057927929856?s=20
Segwit support is also on their road map & they plan to have it released within the coming months.
Sidenote: For anyone wondering how they make money. Abra Global make their funds off of the exchange spread which = difference between the sell and buy price via market orders.
Add any questions you might have. I'll try my best to answer them or point you in the right direction.
Ryanfromabra may be able to answer some questions from a customer operations point of view
Maybe coblee, Losh11 might be able to explain more technicals
ecurrencyholder and I have reached out to @billbarhydt on Twitter to possibly set up an AMA and Livestream, to be set at a later date! Stay tuned.
Any supporting links or thoughts are always appreciated! Thanks for your time.
To the moon! 🚀
submitted by Orbitzz1 to litecoin [link] [comments]

Stellar Lumens HODL alert: 2017 Round up, Partnerships, Lumens vs. Other Cryptos

Welcome everyone! The future of Stellar Lumens is bright! Today we will look at the accomplishments of Stellar.org in 2017.
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2017 Round Up
IBM / Stellar Partnership
• Kik Messenger’s KIN coin to move from Ethereum to Stellar in 2018
• Stellar ATM introduced in Singapore
• Jed McCaleb confirms IBM/Stellar has 30 banks on board (Youtube Video)
Lightyear.io enables forward thinking financial entities to easily join the Stellar ecosystem.
• IBM adds 8 new validators from 8 different countries onto the Stellar network (article)
Forbes calls Stellar “venmo, but on a global scale - and for larger bodies like banks and corporations.”
• Stellar Lumens Is Up 6,300% Since March and Is Aiming for Big Blockchain Partners (article)
• Many new partnerships (listed below) that will be using the Stellar network in 2018.
Binance and GoPax Exchanges Adds Stellar
Ledger Nano S support is now available for Lumens (XLM)
• The next coin to break into the top 10 cryptos (article)
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2017 Partnerships & Financial Institutions
IBM - is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries. IBM partnered with Stellar to help financial institutions address the processes of universal cross-border payments, designed to reduce the settlement time and lower the cost of completing global payments for businesses and consumers.
SatoshiPay - a web payment system that helps online publishers monetize digital assets like news articles, videos, or PDFs in tiny increments without friction.
EXCH.ONE - is a FinTech software company based in Switzerland currently working to integrate its platform and its first technology adopter Euro Exchange Securities UK Ltd. into the Stellar network. This addition to the Stellar network will bring access to currency markets of South and Central America,UK and a number of EU countries.
Novati (ASX:NOV) - is an Australian-based software technology and payment services provider. Novatti is currently working to integrate it’s platform into the Stellar network with the ultimate aim to build a global money transfer solution to provide cross border, cross currency and cross asset payments.
Pundi X - is an Indonesia based fintech company that provides POS device, debit card, multi-currency wallet that empowers individuals to buy and sell cryptocurrency at any physical store in the world. They say "buying cryptocurrency should be as easy as buying a bottled water."
MoneyMatch - is a Malaysia based fintech startup that provides a fully-digital peer-to-peer currency exchange platform for customers to transfer and exchange foreign currencies with complete ease and at great value. The company plans to integrate with the Stellar network and enable pay in and pay out from Malaysia.
Streami - is a Korea based fintech company that offers blockchain enabled cross-border remittance service and recently launched a cryptocurrency exchange. The partnership extends both on the exchange side and remittance operations.
Neoframe - is developing and marketing trading solutions for big brokerage firms in Korea and extends its business to blockchain based applications. Neoframe developed high performance centralized cryptocurrency exchange as well as secure wallet solutions and is working with big financial players. The company is planning to launch a remittance business for ASEAN countries (Thailand, Vietnam, Indonesia, Malaysia, Philippines, Singapore, Myanmar (Burma), Cambodia, Laos, Brunei) using Stellar.
SureRemit($RMT) - is a Nigeria based global non-cash remittances company. SureRemit leverages the Stellar blockchain platform to connect immigrants abroad directly with merchants that provide the services needed by their loved ones back home. With Remit tokens, immigrants all over the world can access digital shopping vouchers that can be spent on goods and services at accepting merchants wherever they are.
Cowrie Integrated Systems - is a Nigerian based Value Added Service Provider. Cowrie provides services at the intersection between telecoms and finance. Cowrie recently joined the Stellar network to bring novel fintech services to the African market.
Smartlands - is a Stellar-based platform designed to create a new class of low-risk tokens, secured by real, profitable assets in the real-world economy. Smartlands is designed to promote investments in the agricultural sector by allowing investment in individual projects, agricultural companies or indexes of groups of projects. These investments will be fully collateralized by agricultural real estate, other productive assets such as fruit or nut trees or, in some cases, the actual crop.
Klick-Ex - is an award winning regional cross-border payments system delivering financial infrastructure for emerging markets. It has been responsible for dramatic uptake in digital financial services in unbanked regions of the world, and lowering costs for banks, central banks and consumers in low liquidity currencies. Its key presence is in the Pacific and Europe, and it is a founding member of www.APFII.org processing more than 775,000 transactions per second, per billion of population (source).
Mobius - Mobius connects any app, device, and data stream to the blockchain ecosystem. Our simple and easy to use bidirectional API allows non-blockchain developers to easily connect resources to smart contracts and more. The Mobius MVP acts like Stripe for Blockchain by introducing innovative standards for cross-blockchain login, payment, smart contract management, and oracles. The Mobius Team includes David Gobaud, Jed McCaleb (Stellar.org founder), Jackson Palmer (creator of Dogecoin), and Chandler Guo (notorious Bitcoin & blockchain investor).
Chaineum - Chaineum, the first French ICO Boutique, will use the Stellar network for upcoming ICOs. “Chaineum is positioned as the first “ICO Boutique” in France, providing a range of end-to-end services to companies and international start-ups wishing to develop with this new funding mechanism. Chaineum is preparing 8 ICOs by the end of 2017, for European, North American and Asian companies, of which cumulative amount could reach € 200 million." (source)
Poseidon Foundation - Poseidon will simplify the carbon credit market with the creation of an ecosystem built on Stellar.org’s blockchain technology. This technology will prevent double counting of carbon and will be consistent across jurisdictions, making it easier for companies to deliver and measure progress towards their climate targets or other goals such as deforestation-free commitments.
Remitr - Remitr is a global platform for cross border payments, licensed in Canada. Remitr uses the Stellar network for international settlements for businesses as well as other payment partners. Remitr’s own payout network of 63 countries, comprising several currencies, is extended onto the Stellar network.
MSewa Software Solution (MSS) - MSewa Software Solution (MSS) Payments provides a one-stop digital payment service available across the Globe. MSS Payments aims at serving the consumers (Banked, Unbanked and Underbanked) with mobile banking facilities on the move from anywhere by transferring funds in their mobile phone.
PesaChoice - PesaChoice is a leader in international bill payment services for the African diaspora. PesaChoice aims at making international bill payment process easy, seamless, secure, with reasonable and competitive service fees, and up to date technological advances.
SendX - Singapore based SendX, in partnership with Stellar, is the better way to move money worldwide. The SendX team believes that the future of transactions is decentralized and distributed, bringing true equity to everyone across the value chain.
VoguePay - VoguePay, with offices in the United Kingdom and Nigeria, is partnering with Stellar to become the cheapest and most efficient way to send money between the United Kingdom and Nigeria. In the coming months, they expect to expand this service to other selected African countries.
HashCash - Hashcash consultants build financial solutions for banks and financial institutions over blockchain. We leverage the Stellar platform to build products that vastly improve the remittance and payments experience for banks and their customers. Transfers happen lightning fast at a fraction of current rates and operational cost is significantly reduced. HashCash is headquartered in India, with operations across South Asia and the Gulf.
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Stellar Lumens vs Other Cryptocurrencies
Lumens vs. Bitcoin: Jed McCaleb spoke at Distributed Markets in 2017 about the advantages, but more importantly, the disadvantages of Bitcoin. Listen to the talk here. Jed said, “Bitcoin is this awesome innovation. The first thing it does is converts a real world resource, electricity, into a digital asset. So it takes something from the real world and puts it into the digital realm. The second thing it does is provides immutable public record. It’s basically a database that everyone can see but no one change arbitrarily… That’s great, Bitcoin solves the double spin problem [ of proving possession and transmitting volume]… [However, to fix the problems of bitcoin] you might think well maybe we’ll just kind of keep adding [software] to Bitcoin until we get there, but that’s not really the way software works. You want to have the design from the beginning and solve these simple issues. Bitcoin was designed to be a new currency, it wasn’t really designed to be this unifying universal payment network. So that’s what Stellar does. It solves these three remaining issues.”
Lumens vs. Bitcoin #2: According to wired.com, "Bitcoin mining guzzles energy - and it's carbon footprint just keeps growing." Wired says "Today, each bitcoin transaction requires the same amount of energy used to power nine homes in the US for one day... The total energy use of this web of hardware is huge—an estimated 31 terawatt-hours per year. More than 150 individual countries in the world consume less energy annually. And that power-hungry network is currently increasing its energy use every day by about 450 gigawatt-hours, roughly the same amount of electricity the entire country of Haiti uses in a year." Because Stellar is based on a consensus algorithm rather than mining, it takes much less energy to run the Stellar network. The Poseidon Foundation decided to build their platform on Stellar rather than Ethereum or Bitcoin because of this (twitter source).
Lumens ICO tokens vs. Ethereum ICO tokens: According to Stellar.org, "traditionally, ICO tokens have been issued on the Ethereum network in the form of ERC20 tokens. ERC20 tokens are easy to issue and are infinitely customizable using Ethereum’s smart contracting language. However, recent events have highlighted and exacerbated some weaknesses of the network, including slow transaction processing times for the network during ICOs and increasingly expensive gas prices (by fiat standards) for transactions and smart contract execution. Moreover, many organizations require only basic tokens; they adopt the risk of Ethereum’s Turing complete programming language without taking advantage of many of its benefits."
"While Ethereum has the most expressive programming capabilities, we believe Stellar is the best choice for ICOs that do not require complex smart contracts. Stellar’s primary goal is to facilitate issuing and trading tokens, especially those tied to legal commitments by known organizations, such as claims on real-world assets or fiat currency."
Stellar vs. Ethereum #2: The median transaction time on Stellar is 5 seconds, compared to approximately 3.5 minutes on Ethereum (source). Stellar has a negligible transaction fee (.00001 XLM ~= $0.0000002) with no gas fee for computation, while depending on the complexity of the computation, the median cost for a transfer on the Ethereum network is $0.094. Security: While both Stellar and Ethereum run on a decentralized network, the Stellar network has fewer security pitfalls. Stellar uses atomic transactions comprised of simple, declarative operations while Ethereum uses turing complete programming capabilities which produces less auditable code and greater risk of exploitable vulnerabilities (source). Recently, a security flaw in the Ethereum network froze millions of dollars. According to Mobius ariticle written by David Gobaud, "On November 6, 2017, Github user deveps199 'accidentally' triggered a bug in Parity, a popular Ethereum mult-sig wallet, that froze more than $152 million in Ether across 151 addresses. The bug impacted several token sales including Polkadot, which has had ~$98 million out of its recent $145 million sale frozen."
"Mobius had none of its ongoing pre-sale Ether frozen because we do not trust Ethereum’s Smart Contract based multi-sig wallets given the vast Turing complete attack surface and did not use one. Security broadly is one of the main reasons the MOBI token that powers the DApp Store is a Stellar Protocol token and not an Ethereum token."
Lumens vs. Ripple: According to Wall Street Bitcoin Exchange, "Many investors like to compare the company [Stellar] to Ripple, and there are a lot of similarities, being that some of the founders worked on the Ripple team. In what can now be looked at as another blockchain development drama that plays out on chat boards and in interviews all across the globe. Stellar declared they fixed Ripple’s problems with their hard fork, however, Ripple has failed to admit to any of the flaws in its design that the Stellar team has pointed out." The article concludes by saying, "We Choose XLM Over XRP For 2018. That is why we are going with Stellar Lumens over Ripple in our portfolio for the rest of 2017 and 2018. After holding Ripple for a long time this year, it just never seems to make the big break like other names with bigger market caps like Bitcoin Cash, Dash, and Litecoin have. While we are holding on most all our larger market caps, we feel that Stellar Lumens will be one of the break out coins for 2018."
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Conclusion
The stellar.org team is doing an amazing job making partnerships and pioneering the use of blockchain technology for various types of transactions. What we are seeing is a new technology that can actually be used to solve real-world problems. As a community, we need to continue supporting Stellar and we will quickly see it power transactions across the world. What are your thoughts about Stellar? What do you see in the future of Stellar? Any important news you want to share? Comment below.
submitted by chargingerman to Stellar [link] [comments]

Bitcoin saved my ass in South East Asia

A week ago I went to the Philippines from Taiwan for a short visa run. I exchanged some Taiwan dollars to Pesos at the government-run Bank of Taiwan and got ripped off big time (the spread was 30%).
Anyway, I ran out of money in a few days and heard of Coins.ph. They let you instantly cash out bitcoins at particular ATMs with no debit/credit card needed. I always carry around $100 worth of BTC in my wallet so I gave it a try.
I sent ~$60 over to my Coins.ph wallet, sold it for Filipino pesos, went to the nearest ATM, typed in some codes and got 3200 pesos for almost the same exchange rate as found on google. The difference was only 2.8% which I thought was fair given my other choice was to become a beggar.
We're still far from using Bitcoin for everyday stuff but it proves to be very helpful regardless (unlike bankster that can't wait to fuck you over).
Just wanted to share my experience with you guys.
Btw here's the link explaining the whole process.
tdlr; went to the Philippines, ran out of money, sold bitcoins for pesos, survived.
submitted by loserkids to Bitcoin [link] [comments]

Cryptocurrency and Blockchain – Industry News – (04.05.19 – 04.12.19)

Total Market Cap, as of 04.12.19 at 12:00pm (PST): $172,840,467,185 (-1.96%)

Missed last week’s update? Click here

STORY OF THE WEEK

China’s National Department and Reform Commission (NDRC) has added cryptocurrency mining on its list of industries it wants to encourage, restrict or eliminate.

CRYPTOCURRENCY TRADING SERVICES

•As of April 8th, 2019, at 12:00pm PST, Coinbase Pro lists 3 new tokens – EOS (EOS), Augur (REP) and MakerDAO (MKR).
• Hong Kong based Bitfinex removes US $10,000 minimum equity requirement for accounts.
Coinbase launches a crypto-to-fiat debit card for UK customers, enabling cryptocurrency to GBP conversions to pay at stores or withdraw cash.
Binance announces partnership with CipherTrace to enhance existing AML processes with on-chain and analytic tools.

REGULATION

• Vancouver based crypto exchange Quadriga to move into bankruptcy proceedings. This will allow for examinations of parties under oath and efficiencies in documentation requests.
• The New York Department of Financial Services (NDFS) has granted a BitLicence to Luxembourg-registered exchange Bitstamp and denied US based exchange Bittrex. A BitLicence is required to serve customers within the US state of New York.
• 22-year-old US resident Jacob Burrell Campos has been sentenced to 2 years for funneling hundreds of thousands of Bitcoin (BTC) through an unlicensed money transmitting business – a San Diego precious metal dealer.

TECHNOLOGY

• In the upcoming version of Bitcoin Core (0.18), users will be able to connect Bitcoin full nodes to hardware wallets. This will enable safe storage of crypto assets alongside the ability to verify themselves transactions are taking place without the need of a 3rd party.
• In partnership with security Disconnect.me, the latest Mozilla Firefox web browsers (Nightly 68 and Beta 67) will be capable of blocking in-browser mining from services such as Coinhive and CryptoLoot.
• Web browser Opera launches “Reborn 3” – a new browser with a built-in Ethereum wallet. Users will be able to interact with dapps without the need of extensions such as Metamask.

INSTITUTIONALIZATION

• The endowment of Harvard University invests US 11,500,000 into full-stack decentralized computing network Blockstack.
Western Union teams up with Coins.ph, a financial services firm in the Philippines dealing with purchases and sells of cryptocurrencies, remittances and bill payments.

PEOPLE

• Former trading desk manager at Kraken, Jonathan Silverman sues firm to the tune of US $900,000 based upon an agreed compensation settlement of US $907,631 that has since been unpaid. Under leadership of Silverman, Kraken reportedly generated US $19,000,000 in profits during 3 months in 2017.
• PewDiePie, the worlds most subscribed Youtube channel (93.7 million subscribers) has joined blockchain based streaming platform DLive to livestream on a weekly basis.
• Bitcoin futures exchange BAKKT has hired Ex PayPal and Google veteran Mike Blandina as its new Chief Product Officer.
• Head of International Dan Romero announces registration from Coinbase, after 5 years in various positions.

TWITTER

@jchervinsky – “I don’t care which crypto wins, as long as the legacy finance industry loses”
@drwasho – “This is what happens when you code a lot… @VitalikButerin dropping some beats #EDCON.”
submitted by Edmund_N to CryptoMarkets [link] [comments]

Bitcoin may not have as high TpS as Visa, but at least with bitcoin i’ll never have to worry about this

I originally wrote this a month ago but decided not to post it. After being denied twice since, I have decided that I should post it.
Today my card was blocked in France while trying to top up credit on my phone. I was given three questions, answered each of them correctly (where i’ve lived in boulder, where my brother lives, how old my mom is) and yet I was still blocked. I was also told by my bank that there’s nothing they can do about this, it’s between visa and the merchant, so as long as I try to use visa I will always run into this problem. At any point my card can be blocked because they ask questions that cannot be answered correctly, or even when answered correctly it will still be blocked.
original post
Backstory: I lived in Thailand and had plans to go to a conference in Ho Chi Minh, Vietnam. Today I used my bank card to purchase one of the few things in life that I can’t with BTC, a visa for Vietnam. However, when going through processing I was asked three verification questions:
Not sure of the exact wording used, but it was basically how did you come to own/how did you buy/etc.. Unfortunately for me I’ve never seen that address in my life, i have no idea where it comes from as I’ve only ever lived at two residences in America, both of which I know the address to. There was option for this is not applicable to me which i chose.
My mom’s last name isn’t tackett though, so I don’t know why they’re using that name. She and my dad have been divorced since before I can remember, so they’re using information that’s out of date since at least 1995. The age ranges they gave me didn’t actually have one with her age, it was something like 25-35, 40-45, 46-55, 60+, my mom is 56. There was no correct answer. I chose the closest and went from there.
My brother moved several months ago, so again, there was no correct answer. But it did have his previous city, so I answered with that.
After all of that they deemed that it was a fraudulent transaction and wouldn’t process it. Luckily for me, the fraud department at my bank was online and was able to remove the block and for me to book my visa. So you may say, “see! the system works." However, when I had this exact same problem in 2013 while in Thailand trying to buy a flight i lost out on hundreds of dollars because I had to go to an agent and pay with cash.
I had a conversation with some people in a bitcoin wechat group im in about how much I hate banks after taking my ICBC (largest bank in the world) card to an ICBC branch in malaysia to withdraw all my money since I can’t use the card in Thailand (even at an ICBC branch). Unfortunately in Malaysia I also can’t use that card, even at an ICBC. People were saying i’m doing myself a disservice by not having a bank, but in the past 8 days i’ve been denied my money from my bank three times, once in Thailand trying to use an ICBC, once in Malaysia trying to use an ICBC, and now by Visa. I’ve never once been prompted to go through verification with bitcoin, i’ve never once been denied the ability to send money, and for the people saying the verification/restrictions are for my safety, i’ve never had as much as a satoshi stolen from me, but i have had to spend hundreds of dollars to fix the mess caused by my banks.
This is why i’ve had my salary paid 100% in bitcoin for over 2 years, this is why I hold the vast majority of my money in bitcoin, and this is why I know that bitcoin has a future. To anybody who says that the current banking system works just fine, that’s ludicrous, start traveling and nearly every day you’ll see why bitcoin is needed; fees to convert currency, 5-50%—yes, it was literally 50% to convert Vietnamese dong to Thai baht at the Phuket airport; fees to withdraw from an ATM ($6, 2%); and tons of places charge you extra 3-5% plus flat fee if you use a cc.
Other stories about why I hate banks
Story time: In 2014 I was at Bitcoin2014 in Amsterdam, had an amazing trip that forever changed my life. While there I discovered that if you don’t have chip & pin a lot of places won’t accept your debit card, and even worse that they don’t even accept cash. My bank didn’t offer chip & pin cards when mine was issued so unfortunately couldn’t use my card nor my cash. When i went back to the states in July I asked specifically for a chip and pin card but they said they still don’t offer them and that I’d have to deal with swipe and sign for the time being. So I got my card and headed off on my travels once more, this time to kyrgyzstan and kazakhstan. When I get there I receive an email from my bank that they’ll promptly be canceling my card as they’re switching everyone over to chip and pin. I could ask for a two-week extension, but that’s it, after that I’ll have to wait for my new card to arrive. They also won’t send cards abroad, so i have to have it sent to my family and then have them ship it to asia (one card has already been lost in this process). So once again, I have no way to access my money.
Second Story time: When bitcoin hit $1000 in 2013 some friends and I took a trip to the Philippines. I sold a bitcoin and had the fiat transferred to my bank account (Wells Fargo). I went to use my card at an ATM and it was denied, I called my bank and tried to get the situation fixed. After going through social security number, recent withdrawal locations/amounts, and account information they said "no problem, we’ll have it all fixed here shortly, just need you to tell me how much your monthly mortgage payments are.” I was 21 and living in Beijing, i didn’t have any mortgage payments. So he let me know that wasn’t a problem, just needed to know how much my monthly car payment was. I was 21 and living in Beijing, I didn't have a monthly car payment. I was then promptly told “bummer, nothing we can do” and had to spend well over an hour going from supervisor to supervisor before I finally got the block lifted. It’s important to note that I notified them of my travel plans well in advance of my trip.
This is why I love bitcoin, my money is actually my money and i can use it 24/7/365. Even if I need to wait 30 minutes for a confirmation, it is vastly superior to not being to use your money at all.
Tldr; Visa has deemed my transactions fraudulent several times because i was unable to answer security questions that don't have correct answers. Bitcoin has never told me I can't spend my money.
submitted by zanetackett to btc [link] [comments]

Withdraw Perfect Money With Atm Card From Your Local Bank

Withdraw Perfect Money With Atm Card From Your Local Bank
Now Philippines can get a bitcoin debit at raxcard.com. Here is a rundown of a portion of the undeniable advantages that accompany the Bitcoin debit card;

The card can be virtual or physical. Subsequently, contingent upon your inclination, you can appreciate the administrations.

The card empowers the holder to make moment money exchanges everywhere throughout the world. For example, an outsider living in the US can wire the relatives back home.

The card facilitates the hustle of shopping. With the card, you can stroll to any store or visit an online store and do your shopping without the stress of if they are tolerating crypto coins.

The cards enable the holders to change over the coins to fiat and after that the fiat monetary forms are pulled back from the ATMs around the world.

With the card, you can hold more than one fiat cash.

The rundown of advantages is long. Yet, the above advantages are of more accentuation as they reverberate with a larger part of the Bitcoin people group individuals.
The Bitcoin Debit Card disposes of the need to always visit different Cryptocurrency trades for the best trade rates. The card gives clients a chance to pay charges, purchase staple goods, spend in lifestyle and design without stressing over focused trade rates. Plus, clients can without much of a stretch pull back cash from ATMs. Short the change charges, life would be a lot less demanding while clients depend exclusively on Bitcoin and different Altcoins possessions for their everyday exchanges.

The Bitcoin Debit Card additionally has been controlled by either Visa or MasterCard. This makes it usable and helpful more than a large number of sellers who acknowledge Bitcoins however are uncommon to be found. Most organizations everywhere throughout the world acknowledge Visa and MasterCard when contrasted with tolerating Bitcoin. With the Bitcoin Debit Card, clients get a great deal of decisions like spending Ethereum, Bitcoin or different Altcoins. This technique empowers clients to exchange any of the crypto possessions that they wish to.

Bitcoin Debit Card likewise offers insurance against swelling.
submitted by omifoot to u/omifoot [link] [comments]

Introducing Rebit.ph: Sending money to the Philippines using Bitcoin has never been more convenient or more affordable.

As of 2013, an estimated 12 Million of Filipinos live and work abroad, sending $23 BILLION USD annually back home to their loved ones. This is a staggering number: more than 10% of the entire population. Majority of them have low paying jobs and send almost every penny they earn back home to support entire families. The fact that remittance fees are very high is not a coincidence: legacy money transmitting services make an absolute killing because people simply don't have much of a choice. Basically, it is an oligarchy of giant companies that keep the rates high for maximum profit at the expense of hard working Filipinos abroad.
This is where we believe Bitcoin can be a game-changer. Not only can we cut down those fees and rates, we can now allow sending what would be considered impossibly small amounts of money using traditional methods. Today's reality is that if you are sending less than $125 USD to the Philippines, you are going to pay 10% or more in fees and exchange rates. Not with Bitcoin. Sending $50 or even $25 internationally is now possible, and will not cost an arm and a leg.
We developed www.Rebit.ph to make this a reality, and make Bitcoin simple and easy to use for sending money here. First of all, the company is run by a local team of trusted Filipino entrepreneurs that have at least five decades worth of experience in doing business in the Philippines. If you are a Filipino abroad, you can rest assured you won't be sending money to a faceless site established three days ago. We are also the same team behind Satoshi Citadel Industries, Bitmarket.ph, Bitstars.ph, and are heavily invested in a long term bitcoin solution for the Philippine economy.
For Rebit.ph, we are working on future solutions to the fiat conversion on the receiving end as we forge partnerships with other companies that can complement our service by, for example, allowing users to have debit cards that make the withdrawal of Bitcoin to fiat as frictionless and painless as possible. We also brought the first of many Bitcoin ATMs in the Philippines too support this infrastructure. There are plans to partner with Bitcoin companies all over the world to make it as easy as possible for users to acquire Bitcoin as well.
This won't be just a "buzzword" remittance solution but a real company that will concentrate on tackling a real problem in the Philippines. We will be providing a fully supported infrastructure and are looking at a long term and viable remittance solution using Bitcoin in our country.
So far, after doing extensive research on existing remittance fees and rates, we were able to lower the cost of using our service to make it the most inexpensive way to send money to the Philippines, given that you already have Bitcoin or have access to Bitcoins. One important thing that we are doing with Rebit.ph is that we will not be making money off of the USD to Peso exchange rate and will be using the fairest published rate available in the market. This is where remittance companies make a killing, charging around 2.5% to convert your money on the average. We are also making it a point that we are 100% transparent when it comes to our fees and charges, even offering direct comparisons with other remittance companies for everyone to see.
We also know that what we are doing now is a temporary solution. Combined with our other Bitcoin ventures in the Philippines like Bitmarket.ph, we're hoping to close that loop in using Bitcoin to send money across borders. The end game would be that people receiving money will not need to cash out but be able to use the Bitcoin they receive to purchase goods, pay bills, and buy necessities. This is something that will take time, so for now, we're offering what we think is the best way to send money to the Philippines using Bitcoin with Rebit.ph.
Please feel free to comment, suggest, or criticize if needed. We'd love to improve this service and hear feedback. Fellow Filipinos who are working abroad, don't hesitate to get in touch with us. We would love to hear from you.
TL;DR: You can now send Bitcoin to the Philippines, and your family receives Pesos as fast and at the lowest cost possible.
Edit: words
submitted by Godfreee to Bitcoin [link] [comments]

Best of Buttcoin: 2014

There's been some fantastic work done in this subreddit spreading disinformation researching, criticising, and debunking bitcoin and its sacred cows over the past year, which I would like to celebrate.
So here's some posts I saved on bitcoin-related topics. But I started saving things too late... So if you have and/or remember any great posts from the past year, dig them up and post them here.
Also, unironically, maybe someone should start a buttcoin wiki

First, three pieces of investigative journalism from Buttcoin's top minds. Here Charlie_Shrem examines the environmental impact of bitcoin mining. Key finding: For every Bitcoin transaction, 47 kilograms of CO2 is released into the atmosphere from the miners alone.
Current hash rate: 261,900,382 GH/s
Number of transactions per day: 71,331
If we assume rather conservatively that 1GH/s = 1 watt on average, then this would mean 261,900,382W is being used to power the network. We can simplify this to 261,900 kW.
Some miners can do better than 1W per 1GH/s, but many if not most do worse (i.e. 2W per 1GH/s to 10W per 1GH/s).
Going by the figure of 0.527kg CO2 / kWh found on this page,
0.527kg CO2 x 261,900 kW x 24 hours = 3,312,511.2 kg CO2 per day
Now,
3,312,511.2 kg CO2 / 71,331 transactions = 46.44 kg CO2 per transaction
For comparison, even going by this Coindesk Article, an ATM produces daily 3.162kg in CO2 emissions.
0.25kwH x 0.527kg CO2 x 24 hours = 3.162kg/day.
That means that the carbon emission for one Bitcoin transaction is equivalent to about 15 ATMs processing perhaps hundreds or thousands of transactions in a day combined.

Earlier this month Frankeh abruptly interrupted remittance-focused annular onanism by issuing a challenge: to find a single instance where bitcoin works out cheaper than a fiat alternative. In case you need to ask... Nope.
Right, there's a bunch of circlejerking happening in /Bitcoin right now so I think it's time to cut through the bullshit one way or another.
Country to send money to.
The biggest remittance markets are China, Indian and the Philippines.
I believe that since /Bitcoin often gives the Philippines as an example of successful Bitcoin remittance then it is the perfect country to use in our challenge.
Country to send money from.
According to this wikipedia article Malaysia and Canada have the biggest expat Filipino communities. 900,000 and 500,000.
So I think we should do the calculations based on both countries.
The methodology
Most people are not paid in Bitcoin. This is a fact. So for our calculation you must start with fiat, and end in fiat. We're not doing these calculations based on future utility of Bitcoin (No, neo. I'm saying...), we're doing them on the current utility.
We will also be doing a bank to bank remittance, because that is nice an constant. We don't need to take into account pick up locations Bitcoin remittance allows and pick up locations normal remittance allows. They'll vary too much.
Time will also not be taken into account, as time doesn't actually matter when it comes to remittance. Now, Bitcoiners might shout about this particular rule but let me explain my logic behind this.
A foreign worker gets paid every Friday. They start the remittance process on the Friday and regardless of if it takes 0, 3, or 5 days their family back in their home country just needs to base their life around money coming in on remitters pay day + 0, 3, or 5 days. Time taken is of no real value when it comes to remittance. All that matters is that it consistently arrives on day x.
As such, any remittance services that take over 5 working days are to be ignored for the sake of this challenge.
The amount
The amount is going to be 25% of the average wage in each of the countries. This isn't extremely scientific because it doesn't particularly need to be, and the figures are hard to come by.
So 1826.75 MYR for Malaysia and 1,398 CAD for Canada.
Don't bother complaining about these, they're just examples.
Few more ground rules
  • We're going to be going from bank/bank card to bank regardless, so we're not interested in banking fees on either side. They will be the same regardless of Bitcoin or WU (for example)
  • It must be from local fiat to foreign fiat.. You can't palm off the conversion fee to the receivers bank to keep fees down.
  • Any remittance service can be used, as long as Bitcoin is involved for people fighting the Bitcoin corner and Bitcoin isn't used for people fighting the WU (or similar) corner.
  • You must go through the process and document all the fees for each. Fees to look out for are currency spreads, transaction fees on exchanges, etc

Finally a recent thread, but commendable all the same. Hodldown presents some research leading to facts overturning years of knowledge in the bitcoin wiki. Even us shills have been laughing at bitcoin's pathetic capability of 7 transactions per second. It turns out, we were out by at least a factor of 2:
The average number of transactions per block right now is: 665 transactions
The average block size is 0.372731752748842mb.
That means the average transaction is 0.00056049887mb. Which means 1mb of transactions (the limit) is 1784 transactions
Assuming a 10 minute block (a whole other can of worms) that means there is 10*60 seconds.
1784/600 isn't 7. It's a 2.97.
Bitcoin at a technical level can not handle even 3 transactions per second.

In one of the frequent bitcoin user invasions, PayingWithActualMone outlines why the "solution in search of a problem" isn't that great of a solution to much either.
On the transaction side: the Bitcoin community seems convinced that banks are ripping them off (which imo they are not), and that it can be fixed by applying some magicsauce over a transaction that is facilitated by banks regardless. So far in practice I haven't seen any evidence of the 'fast' 'cheap' and 'easy' transactions, like most recently with Mollie. They usually compare the fees of BTC>BTC transactions to the fees of Chase Mastercard > a fucking nomad in the Sahara (with consumer protection) to prove their point. The community also seems convinced that the entire world banks the way America does, not realizing that in Europe banking has been dirt cheap for years.
And the security... oh boy the security. Half the population can't manage to go without a virus for one year (not an actual statistic), and now you expect them to secure their coins? People are dumb as shit, and software is always one step behind the exploits. We could of course create Bitcoin banks, but then there isn't much left of the original idea.
On the 'intrinsic value' side: what the hell is wrong with people. If the underlying product is no good in any aspect, why is it worth much? Right now (that's like 5 years after introduction mind you) BTC is used in 3 types of transactions: Silk Road, SatoshiDice & extremely questionable transactions. It does its job well in that aspect, and that's all it will ever be. The community just turned the technology into a giant ponzi, and they don't care as long as they get paid. The people actually doing business in Bitcoin probably don't care about the price that much.

Someone who deleted their account, on the argument that merchant adoption is a cause of the price drop:
That's just an excuse butters use for the price going down.
There's no real difference between selling bitcoin for fiat and exchanging bitcoin for goods and services. Both are a form of sale of bitcoin, an expression of preference for something other than bitcoin.
If on balance, there's more flow of bitcoin into fiat, goods or services than there is a corresponding opposing flow, then it is simply the market expressing the view that bitcoin is overvalued. Therefore, the reduction in the value of bitcoin (as valued in fiat) is a sincere expression of the market's view of what the correct price for bitcoin is.
Think of an example: A true believer has 20 BTC. He exchanges 10 BTC with Dell for a whizzy server. Dell (or another intermediary) sell the 10 BTC at an exchange in return for fiat. The market price of BTC goes down.
The price goes down, simply because a true believer cut his bitcoin holding, he got out. He thought having a server now was worth more to him than 10 tickets to the moon. Which is an expression of a negative view of the future value of bitcoin. A simple "aggressive" sale in trading parlance.

A late entry from jstolfi. A concise description of the Satoshi/Bitcoin origin story .
My understanding is that "Satoshi" had been trying to solve the technical problem of convincing a bunch of anonymous, volunteers to maintain and protect a distributed ledger, with no central authority.
He thought that he had a solution, in the form of a protocol that included PoW, miner rewards, longest chain, etc. The solution seemed to work on paper; but, as a good scientist, he started an experiment in order to check whether it would also work in practice.
For that experiment to be meaningful, it would have been enough if the coin was mined for several years only by a few hundred computer nerds, with the cooperation of some friendly pizza places and bars.
The US$ price of the coin was not important to the experiment, and it was never meant to be a weapon for libertarians, a way to buy drugs or evade taxes, a competitor to credit cards or Western Union, a sound investment or item for day-trading. All those "goals" were tacked onto it afterwards.

bob237 comments on the the absurdity of coinbase and it's touted 'rebuy' scheme,
It gets even better than that, actually. A lot of bitcoiners don't like 'losing' bitcoin, and so coinbase added a popular 'repurchase bitcoin' feature that automatically debits your bank account to replenish the BTC in your coinbase account after a purchase.
The ultimate result then is that you pay coinbase fiat, they take their cut, and then send that fiat on to the merchant. All 'bitcoins' used in the middle of the transaction are not really bitcoins, but just abstractions in coinbase's internal [off-chain] accounting system.
It's a crap version of paypal, no consumer protection and a ton of fees hidden in the spread when you buy your chuck-e-cheese tokens from them.

saigonsquare explains why ubiquitous tipping isn't the the killer app that it has been touted as, and why bitcoiners may fail to grasp this
Most people understand that there are different sorts of interaction. There are purely social interactions, there are quid-pro-quo interactions, and there are market interactions. Mixing those up causes embarrassment and insult. I wouldn't try to pay my mother-in-law ten bucks for cooking Christmas dinner, and I certainly wouldn't try to pay her ten cents. If a waiter suggests I try the raspberry tart, I won't get away with offering to bake him some cookies next week in compensation; if an office mate suggests I have a slice of her birthday cake, I'll be insulted if she brings me a bill for it. If I spend an hour helping my friend move apartments and he thanks me, I'm fine; we're friends helping each other out. If he pays me two bucks, I'm insulted; he's canceled the social nature of the interaction and instead simply bought my labor for a fraction of its going rate. I'm up two bucks but down a friend.
Ancapspergers, not particularly understanding any sort of interaction more complicated than buying a cheeseburger at Wendy's, assume that all interactions are a form of market transaction, and set pricing accordingly. Normal humans get offended by a penny shaving, because it cancels the social nature of the interaction and turns it into a market transaction--and then informs the recipient that his contribution to the transaction was of negligible value.
submitted by occasionallyrude to Buttcoin [link] [comments]

Cryptocurrencies plunge for the week with Bitcoin still below USD$6,550, forecasters project 54% per annum growth in the Cryptocurrency ATM industry over 5 years and Coinbase explores launching a Bitcoin ETF with BlackRock

Developments in Financial Services

Regulatory Environment

General News

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Bitcoin may not have as high TpS as Visa, but at least with bitcoin i’ll never have to worry about this:

I originally wrote this a month ago but decided not to post it. After being denied twice since, I have decided that I should post it.
Today my card was blocked in France while trying to top up credit on my phone. I was given three questions, answered each of them correctly (where i’ve lived in boulder, where my brother lives, how old my mom is) and yet I was still blocked. I was also told by my bank that there’s nothing they can do about this, it’s between visa and the merchant, so as long as I try to use visa I will always run into this problem. At any point my card can be blocked because they ask questions that cannot be answered correctly, or even when answered correctly it will still be blocked.
original post
Backstory: I lived in Thailand and had plans to go to a conference in Ho Chi Minh, Vietnam. Today I used my bank card to purchase one of the few things in life that I can’t with BTC, a visa for Vietnam. However, when going through processing I was asked three verification questions:
Not sure of the exact wording used, but it was basically how did you come to own/how did you buy/etc.. Unfortunately for me I’ve never seen that address in my life, i have no idea where it comes from as I’ve only ever lived at two residences in America, both of which I know the address to. There was option for this is not applicable to me which i chose.
My mom’s last name isn’t tackett though, so I don’t know why they’re using that name. She and my dad have been divorced since before I can remember, so they’re using information that’s out of date since at least 1995. The age ranges they gave me didn’t actually have one with her age, it was something like 25-35, 40-45, 46-55, 60+, my mom is 56. There was no correct answer. I chose the closest and went from there.
My brother moved several months ago, so again, there was no correct answer. But it did have his previous city, so I answered with that.
After all of that they deemed that it was a fraudulent transaction and wouldn’t process it. Luckily for me, the fraud department at my bank was online and was able to remove the block and for me to book my visa. So you may say, “see! the system works." However, when I had this exact same problem in 2013 while in Thailand trying to buy a flight i lost out on hundreds of dollars because I had to go to an agent and pay with cash.
I had a conversation with some people in a bitcoin wechat group im in about how much I hate banks after taking my ICBC (largest bank in the world) card to an ICBC branch in malaysia to withdraw all my money since I can’t use the card in Thailand (even at an ICBC branch). Unfortunately in Malaysia I also can’t use that card, even at an ICBC. People were saying i’m doing myself a disservice by not having a bank, but in the past 8 days i’ve been denied my money from my bank three times, once in Thailand trying to use an ICBC, once in Malaysia trying to use an ICBC, and now by Visa. I’ve never once been prompted to go through verification with bitcoin, i’ve never once been denied the ability to send money, and for the people saying the verification/restrictions are for my safety, i’ve never had as much as a satoshi stolen from me, but i have had to spend hundreds of dollars to fix the mess caused by my banks.
This is why i’ve had my salary paid 100% in bitcoin for over 2 years, this is why I hold the vast majority of my money in bitcoin, and this is why I know that bitcoin has a future. To anybody who says that the current banking system works just fine, that’s ludicrous, start traveling and nearly every day you’ll see why bitcoin is needed; fees to convert currency, 5-50%—yes, it was literally 50% to convert Vietnamese dong to Thai baht at the Phuket airport; fees to withdraw from an ATM ($6, 2%); and tons of places charge you extra 3-5% plus flat fee if you use a cc.
Other stories about why I hate banks
Story time: In 2014 I was at Bitcoin2014 in Amsterdam, had an amazing trip that forever changed my life. While there I discovered that if you don’t have chip & pin a lot of places won’t accept your debit card, and even worse that they don’t even accept cash. My bank didn’t offer chip & pin cards when mine was issued so unfortunately couldn’t use my card nor my cash. When i went back to the states in July I asked specifically for a chip and pin card but they said they still don’t offer them and that I’d have to deal with swipe and sign for the time being. So I got my card and headed off on my travels once more, this time to kyrgyzstan and kazakhstan. When I get there I receive an email from my bank that they’ll promptly be canceling my card as they’re switching everyone over to chip and pin. I could ask for a two-week extension, but that’s it, after that I’ll have to wait for my new card to arrive. They also won’t send cards abroad, so i have to have it sent to my family and then have them ship it to asia (one card has already been lost in this process). So once again, I have no way to access my money.
Second Story time: When bitcoin hit $1000 in 2013 some friends and I took a trip to the Philippines. I sold a bitcoin and had the fiat transferred to my bank account (Wells Fargo). I went to use my card at an ATM and it was denied, I called my bank and tried to get the situation fixed. After going through social security number, recent withdrawal locations/amounts, and account information they said "no problem, we’ll have it all fixed here shortly, just need you to tell me how much your monthly mortgage payments are.” I was 21 and living in Beijing, i didn’t have any mortgage payments. So he let me know that wasn’t a problem, just needed to know how much my monthly car payment was. I was 21 and living in Beijing, I didn't have a monthly car payment. I was then promptly told “bummer, nothing we can do” and had to spend well over an hour going from supervisor to supervisor before I finally got the block lifted. It’s important to note that I notified them of my travel plans well in advance of my trip.
This is why I love bitcoin, my money is actually my money and i can use it 24/7/365. Even if I need to wait 30 minutes for a confirmation, it is vastly superior to not being to use your money at all.
Tldr; Visa has deemed my transactions fraudulent several times because i was unable to answer security questions that don't have correct answers. Bitcoin has never told me I can't spend my money.
submitted by zanetackett to Bitcoin [link] [comments]

Bitcoin 2017 a Comprehensive Timeline

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Dec 31
submitted by BitcoinChronicler to btc [link] [comments]

How to Create BitCoin Account Wallet in Philippines Filipino BITCOIN DEBIT CARD Wirex Philippines - YouTube BREAKING NEWS! BITCOIN 'BUY' SIGNAL FOR 2020!  Chainlink GAINS!Binance Crypto Debit Card Buy ETH? CRYPTO.COM PHILIPPINES  Paano Mag-upgrade ng MCO Debit Card?

If you want to buy bitcoin or any other crypto with a credit card or debit card, start comparing the fees and features of the brokers and exchanges that offer this service. Once you’ve found the platform that’s right for you, visit its website and follow the prompts to get started. The huge downside of transacting using Bitcoin ATMs, however, is the high transaction fee you have to shave off. A bitcoin ATM charges an average of 7-10% in every transaction. To date, there are four Bitcoin ATMs available in the Philippines. Where are Bitcoin ATMs in the Philippines located? Manila (2) Quezon City (1) Taguig City (1) In the Philippines, buying bitcoin has become relatively easy because of its spreading awareness and new convenient ways to buy it. One of the most popular ways to purchase bitcoins is through the 7-Eleven Cliqq kiosk, where buyers just need to go to the Cliqq kiosk, press a couple of buttons, pay with cash, and have it sent to their handy crypto wallet of choice. Easily spend Bitcoin anywhere like cash. Shift. The first U.S. bitcoin debit card. Connect Coinbase to spend online and offline at over 38 million merchants worldwide. In fact, it is practical to live on Bitcoin in the Philippines thanks to the Coins.ph mobile application, which allows users to buy or sell Bitcoin through physical bank locations, bank ATMs, convenience stores, and remittance outlets. Using the Coins.ph application, Bitcoin users in the Philippines can easily meet their daily expenditures.

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How to Create BitCoin Account Wallet in Philippines

I am your host Ben and this week I want us to address an emerging trend in the Cryptocurrency payment world – Top 5 Crypto Debit Cards in 2020 Coinbase Card https://card.coinbase.com Bitpay ... Wirex Philippines is affiliated to E-Coin/Wirex. Wirex is providing Bitcoin Debit Card. The only card you need. Use it to load, spend, save, and receive trad... This video is about the Wirex Bitcoin Visa Debit Card. The card is delivered in a Wirex-branded envelope, comes free of charge and the letter contains: ... Wirex Card Unboxing PHILIPPINES ... BITCOIN 'BUY' SIGNAL FOR 2020! Chainlink GAINS!Binance Crypto Debit Card Buy ETH? Raoul Pal was a former banking manager for one of the largest banks in the world Goldman Sachs. Lets say a big ... Coins PH: https://coins.ph/m/join/gwqnpu (Get 50 Pesos Need to take selfie using CoinsPH app or Upload ID ) how to earn in bitcoin philippines how to use bit...

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