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!
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!
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!
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.
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.
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
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…
My Crypto Heroes Announces Issuance of MCH Governance Token
Tokyo, Japan, 24th November, 2020, // ChainWire //
My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH.
My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.
What is MCH Coin?
MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.
Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.
The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:
During December 2020 the first governance…