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Bitcoin (BTC) and Litecoin (LTC) adoption on the rise

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A famous New Jersey-based Italian eatery, Pompton Lakes, has opened its arms for Bitcoin and Litecoin payments.

When it comes to virtual currencies, many crypto pundits agree for these virtual assets to gain and appreciate, they need to be adopted and be put in use in the way they were designed to, and that is in transactions and exchange of coinage.

While this might not be the case for all digital currencies, some of the renowned virtual tokens like Bitcoin were originally considered as a means to transact between entities with the added advantage of convenience and privacy.

Sadly, even if virtual currency holders were willing to spend their digital assets on transfers and purchases, they would not find many appropriate occasions for doing so. That is why the latest news of an eatery starting to allow payments to be made in cryptocurrency is big news that is worth noting for investors.

Obviously, if more merchants and traders accept and adopt this mode of payment as an alternative to traditional modes of payment, the prices of Bitcoin, Litecoin, and virtual currencies in general, would be supported by real significant values.

Pompton Lakes Eatery Accepts Cryptocurrency Payments

Monica’s Restaurant is old but modern wine and dines eatery joint that is situated on Lakeside Avenue in Pompton Lakes in New Jersey. Recently, the Italian Restaurant came out to announce to the public that they now allow their clients to pay for their meals in virtual currencies as an alternative to fiat currencies.

Monica’s Restaurant sees this move as a marketing strategy that would entice a younger generation of customers to come and dine in their establishment. Patrons can now pay for their dishes in Bitcoin and Litecoin.

Irrespective of virtual currencies becoming far-reaching in the last few years, it is still the youthful tech-savvy generation who are mostly involved with these digital assets. An Italian eatery accepting payments in digital currencies such as Bitcoin and Litecoin could be too cool to miss checking it out for patrons who are into cryptocurrency.

Questions like, how will it work, is it for real? – are the type of questions that the restaurant is counting on to increase the flow of customers to their premises. Atila Ajdinovski, the owner and founder of the eatery mentioned:

“Right now, our clientele comprises of an older age group. We hope that by accepting cryptocurrency, it will bring in the younger crowd”

Are Cryptocurrency Payments the Future?

According to a high representative of payment processing firm Nationwide Merchant Solution, Jon Moore, Monica’s Restaurant is currently among the 20 New Jersey establishments that he has assisted in embracing virtual currency. Nationwide Merchant Solution is a payment processing company that helps customers in New Jersey to accept payments in virtual currencies.

At the moment, Jon has assisted more than 20 businesses in implementing cryptocurrency as a mode of payment in their businesses. According to Jon, many of these businesses that have adopted cryptocurrency operate in the e-commerce industry. He believes having an eatery accepting payments in Bitcoin and Litecoin is especially thrilling for crypto followers as it will bring attention to the virtual currencies from a new block of people.

Originally, e-commerce businesses offer cryptocurrency mode of payments to their customers who already know about cryptocurrency. However, restaurants, on the other hand, are displaying this information publicly for all visitors to see and get the news. This is helping in spreading cryptocurrency’s popularity and adoption process to the general public.

How to Pay for Food Using Bitcoin or Litecoin

The process of paying using virtual currencies in Monica’s restaurant is simple and easy to understand as it entails transferring digital money from one wallet to another. What happens is Monica’s restaurant displays a QR code to its patrons, who are given the option to scan the code and effect the payment. After completing the process, the restaurant is alerted of a Bitcoin or Litecoin payment that has been transferred into their respective wallet immediately, rendering the payment process complete.

The use of cryptocurrency is quickly gaining pace as a viable mode of payment in New Jersey and around the world. It is a mode of payment worth trying out (and sticking to).

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Is Bex500 an alternative to BitMEX?

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An all around review of Bex500

Bex500 is a young but rapid-growing exchange, less adversarial than BitMEX, but with higher leverage than Binance, Bex500 has enough strings to attract many crypto traders. 

Those dissatisfied with the old exchange, may find Bex500 exchange with a stable system with no manipulation or “overload”, pleasant UX, user-friendly tool kits, and around-clock customer service.

Bex500 says they are making crypto margin trading “easier” and giving you a better return. 

Can they really achieve that? We conduct a comprehensive review as below to see if it is a trustworthy exchange

Question 1. What features does Bex500 have?

Bex500 offers perpetual BTC futures as well as three other cryptos including ETH, XRP and LTC, all paired against USDT. You may find Bex500 doing a good job aggregating most important features traders need for a robust trading experience with better return.

-A fair trade with no overload

Many traders are familiar with “overload” problem, which disables placing orders in peak trading times. It is suspected to be insider manipulations by exchanges which can cost users entire portfolios.

Bex500, with its unmatched TPS (claimed to be over 10,000 orders per second), ensures that the trading…

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How Bitcoin Has Changed Online Gaming

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We always hear how Bitcoin is great for the financial industry, how it can remove the middleman and help you save money while you spend money. How it can provide fast transactions at any time to any place, even when you wish to send money to someone on the other side of the world.

While all of that is true, it is important to remember that Bitcoin’s impact does not end there. The coin has already changed countless other industries, but one of the first ones that have accepted it with open arms — and therefore one that was changed the most — is the online gaming industry.

Bitcoin’s impact on online gaming

The first thing to note here is that digital currencies have found their use in online gaming thanks to microtransactions. However, it goes far beyond simply purchasing an in-game item from another player. Bitcoin’s biggest impact, without a doubt, concerns online gambling, sports betting, and similar activities.

Bitcoin brings security and anonymity

Bitcoin casino has become one of the new most popular places for an online gambler to visit, and for numerous reasons. Bitcoin brought increased security — to the financial industry, as well as online games. This is important because security is crucial for anyone who enjoys online gambling. It…

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The Crucial Role of Cryptocurrencies & Blockchain in Modernising The Telco Industry

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Blockchain has caused quite a stir in recent years. In fact, there’s a school of thought that firmly believes the digital ledger technology will prove to be the 21st Century’s biggest innovation

There are a great many industries braced for the disruptive force of blockchain, and the sweeping benefits it can bring to telecommunications can’t be underestimated. 

A blockchain is a decentralised, distributed, public digital ledger that’s fundamentally used to record transactions online. Every transaction that takes place is recorded across an extensive array of computers in a way that ensures that any individual record within the chain can’t be tampered with or retroactively modified. 

Because of the virtually impregnable security associated with blockchain and the efficiency that comes with a fully decentralised ledger, there’s plenty of potential for the technology within the telco industry in particular – especially given the financial flexibility that comes with cryptocurrency transactions beyond borders. 

Let’s take a deeper look at the important role that both blockchain and its associated cryptocurrencies can play in modernising and securing the telco industry:

Unprecedented security

The arrival of blockchain is causing a stir at Deloitte. The professional services giant has contributed tens of thousands of words on blockchain within its ‘insights’ network, and there are…

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