InstantBuy Offers New Revenue Stream - Global Coin Report IBIS Broker's InstantBuy is expanding access to cryptocurrencies by offering tools to website owners.
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InstantBuy Offers New Revenue Stream

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InstantBuy Offers New Revenue Stream

Bitcoin and the broader digital asset market provides many assurances, but access to them is one of their weakest. InstantBuy expands access to crypto by offering non-intrusive tools to website owners. InstantBuy offers a new revenue stream options for website owners. 

Most users are funneled into a handful of centralized exchanges to quickly buy/sell BTC or other leading digital assets. However, these exchanges often require onerous KYC/AML processes and a bank account — two characteristics not widely available in many regions of the world. 

Capital controls, like the current situation in Lebanon, also curtail access to cryptocurrencies via government mandate. The only other semi-popular option is P2P exchanges. Although they have thin order books and complex user-interfaces. That’s why boosting access to Bitcoin and other digital assets is one of the foremost initiatives by many in the industry. 

If and when the bulk of mainstream users come, they need to have direct, fast, and cheap access to cryptocurrencies. And prominent Bitcoin OTC firm, IBIS Brokers’ latest InstantBuy feature is an intriguing step forward for opening up access to cryptocurrencies. 

A History of Access 

The crypto market’s endeavors to broaden access to the world of uncensorable digital assets range from the clever to the bizarre. 

Located in a country with stringent capital controls like Venezuela? Use LocalBitcoins to tap BTC as an intermediate financial vehicle for accessing USD or crypto-dollars (e.g., stablecoins). 

Want to send Bitcoin without using the Internet? Send your precious BTC over high-frequency radio waves using GoTenna and Samourai Wallet

Only want to exchange BTC physically like cash? Use OpenDime Bitcoin credit sticks, which function as bearer bonds for fixed sizes of BTC.  

While the above methods are expanding the bridge to tapping cryptocurrencies, they often focus on niche cases in specific demographics. More broadly, access to cryptocurrencies needs to be more intuitive on the web and provide new revenue streams.

The problem is that many people are uncomfortable with onerous KYC/AML processes or don’t like the high fees associated with exchanges like Coinbase. Many also can’t access exchanges simply via regulatory-induced IP addressed moats. Similarly, the incentive for offering fiat-to-crypto gateway services as compared to solely crypto-to-crypto trading is low. Costs and risks are both high. 

But IBIS Brokers may have found a promising solution to widening access to fiat-to-crypto gateways on the web — InstantBuy. 

InstantBuy and A Clever Incentive 

IBIS Brokers, one of Europe’s largest Bitcoin OTC desks, built InstantBuy. They solve the double-edge problem facing more intuitive crypto-to-fiat access on the web — incentive and availability. 

InstantBuy offers a new revenue stream by empowering users to purchase over 50 crypto assets with a credit/debit card on a website. In fact, it can be any website. 

“InstantBuy was developed in a manner that allows website owners to embed the trading module in their site by pasting a few lines of code,” says Jan Sammut, Founder of IBIS Brokers. “This essentially allows every crypto-related site to ‘become Coinbase’ and earn a percentage of all sales executed on their site.” 

From a website operator’s perspective, especially if they’re crypto or finance-oriented, InstantBuy is a win-win. 

“Cryptocurrency site owners have been limited in their monetization options,” continues Sammut. “Their two options being selling invasive banner space, or thinly veiled promotional content. Neither of them provides their audience with real value. From your audience’s perspective, buying cryptocurrency the first time is a difficult and complicated endeavor, and large segments of the market remain locked out due to their bank’s policies.” 

InstantBuy side steps the availability and problems around a lack of banking infrastructure (or favor) for cryptocurrencies. While concurrently supplying website operators with a new revenue stream. At a high level, it’s a trivial method for monetizing cryptocurrency-based traffic. Website operators share in the trading commissions by simply pasting a few lines into their website’s code. Users are offered a fiat-to-crypto gateway on sites they regularly visit with minimal fees. 

Fiat-to-crypto gateways are the most important junctures that bridge the legacy fiat world to cryptocurrencies. As far as expanding access to crypto on the web goes, InstantBuy is promising. Not to mention, it comes from a leading OTC Bitcoin broker with a trusted reputation and experience helping institutional clients trade in massive sums. 

In a similar light, Brave Browser and Binance teamed up to embed a fiat-to-crypto gateway into Brave’s privacy-oriented browser for its ballooning number of users. However, their model does not reward or incentivize website operators. It is a one-way access point to buying/selling crypto directly in the browser. It’s also currently only available in the Nightly (the testing browser) version of Brave. 

What’s evident is that granting better access to cryptocurrencies is an initiative taken up by a thriving market of startups and institutions. With an uncertain financial and economic backdrop drawing from COVID-19’s fallout effects, better access to cryptocurrencies, with new revenue streams like InstantBuy, may become a necessity for citizens in regions like Lebanon and Argentina

Better to have multiple redundancies if centralized exchanges can’t unlock the floodgates of crypto access to the rest of the world. Then, maybe, access to Bitcoin won’t be one of its weakest assurances. 

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The most famous casino cheaters

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Ever since there have been casinos, there have been casino cheats. These are people who want to win so badly that they are prepared to do anything – including breaking the law – to make it happen. Some people have even become so notorious for what they have done that they are famous (or rather, infamous) for their cheating. We look at some of the most high profile now – play here.

Tommy Glenn Carmichael

Tommy Glenn Carmichael added his name to the roll call of cheaters due to slot machines. He has even been imprisoned for what he did. It all began in 1980 – Carmichael used a metal device that he would put into the slot machine, making it think that a coin had been inserted. It would trigger the game without Carmichael having to pay anything at all. 

Eventually, as slots became more updated, the device no longer worked. So Carmichael started to use smaller casinos in Las Vegas; they still had the older machines as it cost a lot to update them. However, it was at this time he was caught, and sent to prison for five years. When he was released in 1987, Carmichael clearly had not learnt his lesson, and he started cheating again. To do so, he had to buy a slot machine and really learn how it all worked.…

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Why You Should Use an E-Wallet When Gambling Online

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e-Wallet

Thanks to the internet and technology, we all can play casino games anytime we want and wherever we are. Playing casino games remains to be the favorite hobby of many people, and in times like this, when the world is dealing with a pandemic, playing online is the safest way to continue this kind of hobby or entertainment.

Now, when it comes to playing online casino games, convenience always plays an important role. Part of this is ensuring that you safely make a deposit to your account and easily get to withdraw your winnings whenever you want to. 

When it comes to payment options, there are many that you can choose from. However, there’s one payment method that you should give a try if you haven’t tried it yet. It’s making use of an e-Wallet to make a deposit. Nowadays, there are many PayPal Casinos and other casinos that process payments made with e-wallets. If you haven’t tried it yet, here are great reasons why you should.

What is an E-Wallet?

Before we let you know what the benefits and advantages are, you first should understand what e-wallets are. An e-wallet sounds exactly what it is. It’s an online or digital wallet. This is where you can store your money electronically. This is also what you can use with most of your online transactions including purchases and…

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4 Ways Live Poker Is The Most Social Way To Gamble Online

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social online gambling

Sociability heightens the enjoyment you can get from gambling. And no game oozes more social interaction than poker.

Playing offline or in a less interactive online lobby can be fun. But they lack the people and personality which makes poker come alive.

On the other hand, live poker embraces the best of online and blends it with a genuine casino atmosphere. Not to mention you can soak up the fun without having to step foot outside your own door.

Read on to discover why live poker is the most social online gambling experience. 

Live poker offers a better social setting

Most online sites offer a chat bar or options to click on set phrases like ‘good game’ or ‘I’ll get you next time’. But in all honesty, they do nothing but remind of an obvious lack of social interaction.

Why settle for a little, when you could have it all? Live casinos offer both online play and a social setting that does its best to resemble a real casino.

Forget about scrambling through typos and clicking speech bubbles. You can easily strike up a conversation by just talking. Meaning that you can have fun without relying exclusively on gameplay.

If the social upsides of live poker are piquing your interest, you can discover some amazing live poker rooms across the web. But…

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