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BlocPal Is The Most Advanced Way to Pay

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How time flies! Next year will bring with it a birthday cake and 10 candles when cryptocurrency celebrates its first decade on the planet.

And what an exciting & eventful period it’s been since the pioneer of digital money –Bitcoin- saw the first light of day in 2009.

Both crypto and its original understudy –blockchain- have become some of the hottest buzzwords over the past years. And each in their own right as the world came to realize increasingly that the technologies represent revolutionary solutions & opportunities for the Digital Age that we live in.

We further saw global exuberance, euphoria, skyrocketing crypto values and also, of course, extreme market volatility as mankind celebrated the coming of the new era with gusto. While at the same time regulators and governments around the globe had to come to grips with the choice of the people and introduce digital currency & blockchain into their frameworks.

Although the process is ongoing and likely to take a long time given the vast disruptive effect, it’s busy gaining massive momentum within the key economies. For instance, as Fortune magazine writes, in the U.S. State of Arizona, residents can already pay their taxes by means of certain cryptocurrencies.

While today there are more than 1,800 different digital currencies available in a market worth hundreds of billions of dollars. And after being around for almost ten years, it’s now time for crypto to start embracing the real business end of the deal.

“But why are we not seeing digital currencies used more on a daily basis?” I hear you ask. Exactly! There are several issues still hampering the easy everyday use of crypto.

Enter BlocPal, the most advanced way to pay, simplified!

BlocPal

Please continue reading to see what the current industry problems are and how BlocPal has arrived to revolutionize crypto payments. Also how you can become part of its success story now already as a proud owner of the BPX Coin.

Problem – cryptos are hard to spend & costly

Digital currency ticks all the boxes for being the greatest payment solution ever seen. Especially in our globalized & integrated world and during this, the Digital Age, where borderless convenience & immediacy has become the norm.

Yet, even though the crypto industry has achieved breathtaking growth & extraordinary technological advancement in a relatively short period of time, there are still several issues that prevent the massive and ever-increasing global community of keen cryptocurrency owners from using it as a regular payment method.

In an article titled, “Here’s why crypto isn’t accepted for more everyday transactions”, the popular financial and business news publication, Business Insider, wrote that by the end of 2016 there were already 11,291 retailers globally which accept crypto payments from customers. And for the year 2017 alone, that amount grew by more than 30% it says.

“At the same time, users have also warmed up to the idea: a recent survey found that 40% of people familiar with the digital currency would be open to using it in everyday transactions”, Business Insider continues.

The publication further lists the “main obstacles to using cryptocurrency for everyday transactions”, of which slow transaction times and high transaction fees are two of the major ones.

In terms of the former, “The average confirmation for Bitcoin takes about 20 minutes per transaction right now – but during past stretches of activity (such as in Jan 2018), it got as high as 41 hours”, Business Insider wrote at the time. And while processing times have improved further, even now -in the second half of 2018- it can still take several minutes for a simple crypto payment authorization to go through.

While, in terms of fees, months ago Bitcoin transactions cost $40 each, although it has reduced significantly since then, Business Insider wrote. But even at a cost of between US$5-10 per transaction in current times, crypto is still considered far too expensive for everyday payments.

But there is still great optimism while people around the globe are working relentlessly on crypto payment solutions, Business Insider continued.

“Crypto e-payments companies are constantly introducing new technologies and features that could potentially decrease transaction costs and provide instant settlements for retailers, while also eliminating the issue of fraudulent chargebacks. Making ground on these issues would make crypto significantly more appealing to the masses as a form of payment”, Business Insider concluded.

However, while echoing the optimism expressed in the preceding paragraph, it must be noted that the e-wallets that come as part-and-parcel of many cryptocurrencies today are still far too simplistic to holistically cover the payment needs of crypto users and merchants alike.

For instance, existing e-wallets are commonly not geared for 24/7 support, instant & guaranteed settlement, know-your-client (KYC) regulatory requirements and auto-invoice generation, to name but a few shortcomings.

BlocPal is the ideal crypto payment solution for everyday life

BlocPal’s all-in-one decentralized blockchain payment platform represents the only wallet that users & merchants will ever need!

https://www.dropbox.com/s/jk84fd1p6t97qgy/v2%20full.mp4?dl=0

BlocPal focuses on providing the exact tools needed by crypto users and merchants today to ensure quick, borderless, secure, seamless & low-cost payments on the go.

Users can enjoy all the features & benefits of BlocPal that were specifically designed to make their spending enjoyable and hassle-free:

  • Double-Secure BlocPal Wallet – the one-stop solution that provides seamless multi-cryptocurrency & fiat interchangeability for payments and deposits.
  • Low Fees.
  • Easy QR Code Scanner – instant approval at merchant terminals & automatic proof-of-payment receipt.
  • Royalty Rewards – receive free BPX coins per transaction, also airdrops.
  • And much more!

While Merchants will also benefit from BlocPal like never before:

  • BlocPal integrates seamlessly with both physical and online businesses. Sign up within minutes and hit the ground running with easy API integration and plug-ins for popular ecommerce software.
  • Receive your money in seconds –not minutes or hours – transactions are approved instantaneously.
  • Transaction fees below 1% – beats credit/debit cards and other e-wallets hands-down.
  • Multiple cryptocurrencies are already accepted – and growing.
  • Rewards program for both merchants & their customers.
  • No Chargebacks.
  • Convert your crypto to fiat and BlocPal puts it automatically in your bank.
  • Know-your-client (KYC) features.
  • Anti-money-laundering (AML) procedures.
  • And much more!

BlocPal scans QR codes & settles instantly – easy fiat/crypto conversion

And Enterprise customers, business owners & entrepreneurs will also love BlocPal because, in addition to all the benefits & features listed earlier, the platform further provides revolutionary solutions in terms of:

  • Developer APIs.
  • White label / branded services.
  • Custom blockchain solutions.
  • Robust back-office systems.
  • Equity financing/crowdfunding.
  • Securities compliance.
  • Corporate governance.

Extensive information in terms of the features, benefits and revolutionary technology associated with BlocPal’s all-in-one decentralized blockchain payment platform is available on the Website and in the Investor Presentation pack.

The BPX Coin – A Securities Token Adhering to Securities Law

BlocPal is currently inviting investors to participate in its success story through ownership of the BLOC token, commonly referred to as the BPX Coin.

BPX Coin owners will receive 33% of BlocPal’s net profits in royalties.

Information for investors is available under Frequently Asked Questions, while disclosure in terms of the Use of Initial Proceeds and Distribution of Tokens is made on the Website and in the Investor Presentation pack.

BLOC holders will be able to trade BPX amongst themselves upon completion of all funding rounds and regulatory sign-off. Based on BlocPal’s projected outlook, it is possible that the value of the BPX Coin will increase over time.

Please contact BlocPal on the Website for further information.

Management, Milestones & Roadmap

BlocPal International Inc. is a private company incorporated under the laws of Canada.

The enterprise is under the capable management of a group of highly qualified, skilled & experienced industry veterans who have successfully processed $25 billion in transactions—and counting!

The exciting journey of BlocPal started in 2017 and although several milestones have already been achieved, many more are planned for the future.

More information on the Leadership Team and the BlocPal Roadmap can be viewed on the website and Investor Presentation pack.

Conclusion

Digital currency has come a long and exciting way since its inception almost ten years ago. And it’s now time for it to embrace the next level of functionality.

BlocPal’s all-in-one decentralized blockchain payment platform has arrived to make every-day crypto transactions the easy & preferred choice for merchants, enterprises, and consumers on the go.

References

BlocPal – Website

BlocPal – Investor Presentation

Video – BlocPal

CoinMarketCap – Cryptocurrencies by Market Capitalization

Fortune magazine – Arizona Senate Votes to Accept Tax Payments in Bitcoin

Business Insider – Here’s why crypto isn’t accepted for more everyday transactions

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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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