LocalBitcoins Volumes In New Global USD All-Time High, “Busiest Week Ever”

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In the wake of inching closer to its 2016 peak, CoinDance indicates that the worldwide weekly volume of popular P2P Bitcoin marketplace, LocalBitcoins, reached a new all-time high on record USD volumes last week with five countries – USA, Malaysia, Brazil, Venezuela, and Sweden – recording all-time highs within the same period. LocalBitcoins CEO Nikolaus Kangas says: “It was certainly one of the busiest weeks on our platform ever.” The highest price of the top digital currency this year stands at $763.33 in June. Last week, the price reached $720.29, the closest to the peak rate for the year so far. As may be expected of the five countries, Venezuela recorded the highest leap due to the worsening economic situation in the country which may have compelled the people to seek an alternative means to earn, send and receive money for their use outside the use of traditional banking institutions. Users follow price rise Though Nikolaus Kangas did not confirm the claim as a “100 percent technical fact,” the illustration shows the volume on the platform that facilitates over-the-counter trading of local currency for Bitcoin reached $15.9 mln as on Oct. 29, 2016. “I cannot say that it is 100 …

Apple Watch Turns Gold with Bitcoin

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Honey Dipped Plating has announced its accepting bitcoin for its gold plating service for Apple Watches and bands as of November 3. The gold plating service makes it possible for the average consumer to obtain a regular apple watch that looks almost identical to the gold version of the Apple watch for only a fraction of the retail price. Brian Yang, CEO Honeydipped.com commented:  “Bitcoin, which utilizes blockchain technology goes hand in hand to our alternative and disruptive thinking here at honeydipped.com.” The company provides gold plating services for the stainless steel Apple Watch and Band in gold or rose gold. In fact, the quality of the 24-karat upgrade is as good as the real thing that even Apple staff couldn’t find visual difference between the Honeydipped.com plated version and the US$17,000 Apple Watch Edition. The gold plating service costs US$299 while already plated watches are also available. The gold plating method used completely immerses the Apple Watch in a safe solution for a thick uniform coating that is highly resistant to fading. Moreover, the company provides 2-year warranty for all orders. BitPay has been selected as the payment processor for bitcoin transactions. In other words, Honey Dipped Plating will be able to avoid BTC …

MovieTickets.com Brings Bitcoin to Over 900 US Movie Theaters

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MovieTickets.com, one of the largest movie ticket purchasing platforms in the US, now enables movie-goers to buy movie tickets with bitcoin at 985 theaters. The move was made possible through an integration with bitcoin payment processor GoCoin. As a result, theater chains that use the credit card processing services offered by MovieTickets.com will be able to accept bitcoin for any film offered. GoCoin CEO Steve Beauregard indicated that this includes Regal Cinemas, the nation’s largest theater chain with more than 500 locations. Holdouts notably include AMC Theaters, which itself boasts more than 300 locations in North America. The partnership is the latest betwen GoCoin and a movie industry firm, following the May announcement that it was in talks with production studio Lionsgate Films. Beauregard told CoinDesk: “We think that the future of digital content is being able to use digital currencies to purchase content.” The promotion was inspired by the promotional strategy for Dope, the hit indie film that scored big at Sundance and earned high-profile celebrity fans from James Franco to Russell Simmons. MovieTickets.com CEO Joel Cohen suggested that, however, the company saw the potential in enabling the technology in more of its offerings. “Our intention is to keep the option available beyond the film’s …

How Bitcoin Empowers Global Peer-to-Peer Lender BTCJam

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San Francisco-based startup BTCJam is taking peer-to-peer lending to a global audience, and is using bitcoin to achieve its vision. Bypassing the restrictions of fiat currencies, the company says, allows any individual in the world to receive a loan via its platform. While traditional wire transfers are costly and not always easy to set up, bitcoin allows approved BTCJam borrowers to receive funds almost instantly, wherever they may live and whether or not they have a bank account. Celso Pitta, the company’s CEO, told CoinDesk: “We are a global lending platform. We use bitcoin as a payment method to enable international, cross-border lending.” BTCJam CEO Celso Pitta talking about his startup at CoinSummit. Source: CoinSummit From banker to bitcoin entrepreneur Pitta, who hails from Brazil, had prior experience in the finance industry before starting BTCJam: “I worked for Citibank. Knowing banking from the inside, I knew that I could do better: a peer-to-peer lending website.” However, Pitta reached his first stumbling block when he discovered the penalty for starting an unlicensed money-lending service in Brazil. “I noticed that if you do [lending] in Brazil, you will go to jail for 10 years,” he said. As absurd as that might sound to some, this potential roadblock is …

Two Bitcoin Companies Make the Fox Business List of 30 Hot Fintech Startups

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Fox Business published a list of 30 top fintech startups to watch in the Bay Area. The list includes two Bitcoin companies that offer simple and effective solutions for important real-world problems. BTCjam allows users to invest their bitcoin and earn a high rate of return. This process is secure and allows investors to participate in peer-to-peer lending. BTCjam is also a great place for those seeking loans, and especially for the residents of developing countries without a national credit scoring system who are subject to aggressive predatory lending practices when they need to borrow money from traditional lenders. Using cryptocurrencies such as bitcoin, and tapping foreign lenders, helps BTCjam avoid regulatory issues, TechCrunch reported in 2014. “We are one of the first real use cases for bitcoin,” said founder Celso Cardoso Pitta Jr. “Today people circle around buying and selling of bitcoin, but I don’t think bitcoin increases in value because it’s a commodity or a currency. It needs to be useful.” BTCjam is a marketplace where people from around the world connect to borrow and lend using bitcoin. By the end of 2014, the company had facilitated bitcoin loans in excess of $10 million dollars in value with …

OUTSOURCE WITH BITCOIN USING BITLANCERR

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The Internet has, since its inception, been a boon for firms which offer digital services like web and graphic design, but often in the midst of a larger goal, producers only need some small part of a project completed by those with expert hands. Hiring out such work to large firms can be costly, and once you’ve committed that part of your budget, you can’t try again with someone else without going over budget. In 2010, Fiverr launched with a simple strategy: pay only $5 for what people would be willing to do for $5. It turned out that college students, people with other streams of income, and those in less expensive economies would be willing to do a lot for $5. Personally, I was able to start a transcription business with clients I garnered through Fiverr, long before their system perfected the art of disallowing outside contact. Between the end of 2010 and the end of 2011, I made a fair amount of money, largely with referrals from the original clients I sneaked away from Fiverr. Why did I want to sneak them away from Fiverr? Well, the 20% Fiverr tax, of course! In more recent times, I’ve been …