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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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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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…

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Bridge Mutual Closes Gap Between Traditional Finance and Digital Finance Insurance

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One of the biggest problems standing in the way of widespread crypto adoption is lack of trust, particularly when it comes to assets on centralized exchanges or complex exploits on decentralized protocols. While it is true that cryptocurrency blockchains are difficult to tamper or manipulate, other services in the space still experience multiple large-scale hacks per month. 

Centralized exchanges are prone to having their funds hacked, stolen, or lost. From the infamous Mt. Gox and FCoin hacks to the most recent KuCoin heist, dark clouds have been cast over the industry for centralized exchanges. These frequent incidents, in addition to the frantically volatile nature of crypto markets, have stopped cryptocurrency from gaining momentum. 

That’s where Bridge Mutual comes in to offer insurance. It aims to give institutional crypto investors a reliable way to offset their investment risks by issuing discretionary insurance against exchange hacks, smart contract attacks, and stablecoin crashes.

How does Bridge Mutual work?

The funds used to insure Bridge Mutual’s policy holders come from stakers who are able to select the stablecoin, exchange, or smart contract that they want to insure. After funds are locked in, they enjoy passive income from investment yields and profit sharing in the system. 

Likewise, the process for purchasing insurance through Bridge Mutual is just as simple as stakeholding.…

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