Bitplaza Inc Introducing Cryptocurrency to Retail - Global Coin Report
Connect with us

Bitcoin

Bitplaza Inc Introducing Cryptocurrency to Retail

Published

on

BitPlaza
READ LATER - DOWNLOAD THIS POST AS PDF

Even though influential companies are not ready to validate cryptocurrencies as a stable form of money, Bitcoin is becoming a more frequently used currency daily. There is a rising number of companies that accept Bitcoin for the purchase of their products, validating it as a spendable currency around the globe.

Bitplaza Inc took the next step into technology and commerce, providing customers with a platform where they can spend Bitcoins for their needs through a mobile device. It opens the opportunity for companies and brands to list their products in exchange for Bitcoin, which will give more credibility to the coin.

What is Bitplaza?

Bitplaza is a shopping app that belongs to a retail company called Bitplaza Inc, located in Pennsylvania. The app is available on both Google Play and the Apple App Store. Bitplaza allows anyone globally to purchase brand new items with Bitcoin. The app has a wide variety of products to buy online, from electronic devices, video games, even groceries. The products that can be purchased from the app range from popular brands such as Sony, Starbucks, Adidas, Apple, and many more. The Bitplaza team is always adding new products to the shopping app, making more items available to be purchased with Bitcoin. The app covers a broad range of products for the different needs of the customer. 

Bitplaza is a company that innovates new technologies to make shopping with cryptocurrency, into something easy. It’s the first mobile application of its kind that allows people around the world to make a purchase online using Bitcoin as the main currency. 

In the time that the Bitplaza app has been on the market, it has proved to be a reliable platform for customers that use Bitcoin. It offers secure shipment of products both overseas and in the US. The security of the customers’ information is fundamental when working directly with cryptocurrencies; Bitplaza provides this security during the purchase without compromising the customer’s private data.  

Impact on the Bitcoin Market and Global Retail

The initiative that Bitplaza Inc took by creating an easy app for people to spend Bitcoin has become a boost in the currency market. The reason why Bitcoin is not yet one of the standard currencies in the world is for the lack of support that it has from Central Banks and other entities. In addition to that, most retail companies claim that Bitcoin is still too volatile, and until it shows a stable price, it can’t be used as a payment method or measure for other currencies.

The statement is beginning to change with the appearance of Bitplaza, AT&T, Overstock, Dish Network and other companies adopting the currency as a means of payment. The launch of Bitplaza also marked the next step for the retail business, unifying the prices of products worldwide under the same digital currency, which is something unseen before. It allows the rise of international commerce, highlighting the possibilities of stable interest rates and making it easier to import a product that’s not local.

Advances on Bitcoin for 2020

The strength of Bitcoin grows every year, even though the many business entrepreneurs declare it as a forgettable trend and are a bit skeptical. Others argue the Bitcoin market is one of the three most essential assets as an investment for the future. Companies like Bitplaza and many others show that the cryptocurrencies are the next step on the e-commerce evolution which is not going unnoticed by the central banks, investors, and traders.

The year 2020 may be the one that will determine the future for Bitcoin and other cryptocurrencies. Different events such as the Halving on May 2020 will have an impact on the Bitcoin market, increasing the value. On the other hand, various companies are investing in creating more opportunities for Bitcoin to grow. The use of Bitcoin for shopping purposes is becoming more frequent each time around, and it can’t be ignored much longer.

Image by annca from Pixabay

Bitcoin

As Global Tensions Grow, Bitcoin Price May Go Higher

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

BTC Surged Again as A Safe Haven Asset During Global Tensions

  • India – China Border Conflict

After weeks of squabbling and brawling along their long-disputed border, hundreds of Indian and Chinese soldiers engaged in a deadly clash Monday in a river valley that’s part of the region of Ladakh last week. Troops had massed on both sides of the border in recent months in the northern India region of Ladakh and the southwestern Chinese region of Aksai Chin, causing global concerns of a potential escalation between the two.

  • North and South Korea Clash

Last Tuesday, North Korea destroyed the liaison office it jointly operates with South Korea in the city of Kaesong, just north of the demilitarized zone that separates the two countries. 

North Korea also said it would send troops to now-shuttered joint cooperation sites on its territory, reinstall guard posts and resume military drills at front-line areas in a violation of separate 2018 deals with South Korea. Jeong said South Korea will take “immediate, swift and corresponding” steps to any North Korean provocation.

The tensions grown in Asia and the potential “second wave” of coronavirus in the United States may add more difficulties to the global economic recovery. Thus, Bitcoin, as a safe haven asset, attracts more investors to…

Continue Reading

Bitcoin

CoinFlip Continues to Dominate the U.S. Cryptocurrency ATM Market

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

Although cryptocurrency has brought in a lot of traders seeking the dream of overnight wealth, cryptocurrency is a lot more than just striking it rich.  Cryptocurrency is about creating a new market with companies that are building cutting edge technology in an effort to continue elevating our way of life.  As the crypto market continues to expand, several companies are involved in creating ways for more people to participate.  One such company that appears to be making all the right moves is CoinFlip.

CoinFlip is the world’s leading cryptocurrency ATM operator that currently allows users to buy and sell 10 different cryptocurrencies including BTC, ETH, LTC, DASH, TRX, KMD, LINK, BNB, XLM, and USDC.  Due to the company’s quick growth, CoinFlip has quickly gained a reputation of being the place to go for all crypto ATM transactions.  In addition to its massive geographic coverage, there are four advantages that CoinFlip currently offers over its competitors:

  • Lowest fees of any cryptocurrency ATM in the world
  • Lightning-fast transactions that are typically completed between 10 and 30 minutes
  • Extremely easy customer verification
  • 24/7 customer support through phone, text, and chat

Given the global pandemic currently facing us, many companies have been struggling just to survive.  CoinFlip, on the other hand, is not only surviving but thriving.  The company has had an exciting few months and has even bigger plans…

Continue Reading

Bitcoin

Cryptocurrency Fraud is Evolving; Bitcoin ATMs Mitigate Risk 

Published

on

Cryptocurrency Fraud is Evolving
READ LATER - DOWNLOAD THIS POST AS PDF

In one of the more overlooked aspects of the crypto ecosystem, it appears that the bulk of illicit activities are shifting from hacks and thefts to cryptocurrency fraud and scams.

CipherTrace, the crypto-surveillance, and analysis firm released a report at the end of Q4 2019 that revealed hacks and thefts had decreased by 66 percent in 2019 while fraud and misappropriation of funds surged by 533 percent. And beneath the COVID-19 hysteria of 2020, hacks in the crypto sector have been eerily isolated. 

Outside of a few exploited flaws in P2P exchanges and DeFi flash loan vulnerabilities, the headline-grabbing hacks of exchanges for hundreds of millions of dollars have been absent so far this year. Is the industry due for another massive hack, or are stringent KYC/AML processes, regulatory crackdowns, better security practices, and blockchain surveillance working? 

KYC/AML Improvements Are Reducing the Appeal of Crypto Exchange Laundering 

2020 is far removed from the no-KYC wild west days of the early-mid 2010s where anonymous altcoin casinos preponderated and the Dark Underbelly of Cryptocurrency Markets thrived. 

Today, bitcoin and the crypto ecosystem is becoming institutionalized with a surfeit of derivatives (e.g., options, futures, perp swaps, etc.) available on…

Continue Reading

Press Release