Ledger Live has announced a strategic partnership with Crypto.com Pay to integrate its on-ramp digital payments technology into Ledger’s software. This integration will enable Ledger Live app users to conveniently purchase over 300 cryptocurrencies using the Crypto.com Pay On-ramp payment gateway. The new feature, which offers a fast checkout experience for verified customers to buy […]
Bitcoin News
Alchemy Pay Deploys on Bitcoin.com as Global On-Ramp Provider
PRESS RELEASE. Alchemy Pay has launched its fiat-crypto on-ramp payment services on Bitcoin.com’s web portal. Alchemy Pay’s direct-to-customer plugin, which can be easily integrated and deployed by web3 apps and platforms, supports the purchase of a wide range of cryptocurrencies, including Bitcoin.com’s rewards and utility token VERSE. The new local payment methods offered by Alchemy Pay will contribute to the expansion of Bitcoin.com’s reach.
“At Bitcoin.com, we’re always at the forefront of user-centric solutions,” said Bitcoin.com CEO Dennis Jarvis. “Alchemy Pay’s integration brings a seamless fiat-crypto transition with an expanded range of local payment options – something that is especially crucial for our users in Asia and LATAM. As the 2024 Bitcoin halving nears, this partnership underscores our commitment to remain ahead of the curve, always prioritising our community’s needs.”
Alchemy Pay: Global Fiat-Crypto Services
Alchemy Pay’s payment gateway enables payments using Visa, Mastercard, Discover, and Diners Club across 173 countries, along with domestic transfers and mobile wallets in developing markets. Its user-friendly KYC process, low fees, and exceptional conversion rates make buying and selling cryptocurrencies with local currencies as convenient as any typical online payment. Alchemy Pay’s extensive network features over 300 fiat payment channels, allowing its checkouts to go beyond card payments and tap into local mobile wallet options.
Founded in Singapore in 2017, Alchemy Pay solutions include its On & Off-Ramp solution, NFT Checkout, and white label Crypto Cards for platforms.
“Bitcoin.com is a giant in the industry,” said Robert McCracken, Ecosystem Lead at Alchemy Pay, adding, “We are excited to continue working together towards making cryptocurrency more accessible globally.”
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Try our On & Off-Ramp on the web or in the app to buy and sell crypto and local fiat currencies today.
Bitcoin.com: A Global Leader
Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto, making it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance. Bitcoin.com’s multichain digital wallet app is used by millions to buy, sell, trade, earn, use, and learn about Bitcoin and other cryptocurrencies. Every feature needed for economic freedom in one self-custodial digital wallet.
About VERSE
Launched in December 2022, VERSE is Bitcoin.com’s rewards and utility token. The VERSE token’s utility will include unlocking rewards along tiers, method of payment in the Bitcoin.com ecosystem and beyond, access to exclusive platform services, and more. On Bitcoin.com’s decentralized exchange Verse DEX, anyone in the world can permissionlessly swap cryptocurrencies without having to rely on third-party custodians. Verse DEX users can also earn yield by providing liquidity, by depositing liquidity pool (LP) tokens into Verse Farms, and by staking VERSE tokens.
Alchemy Pay On & Off-Ramp Enquiries
Developers of Web3 platforms, and dApps with interest in integrating Alchemy Pay’s ramp solution can contact via the website https://alchemypay.org/contact
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This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
World’s Easiest Onramp for Crypto Beginners: From EUR in Your Bank Account to BTC or NIM in “Your-Keys-Your-Coins” Wallet in Under 5 Minutes
A handshake between traditional finance and decentralized finance (DeFi) is finally happening! Nimiq – a non-profit and open source blockchain project has enabled Atomic Swaps for fiat and cryptocurrencies. The recent public beta launch of Nimiq’s OASIS (Open Asset Swap Interaction Scheme) marks the milestone event and allows users to go from money in their bank account to crypto in their self-custodial wallet in less than 5 minutes!
With OASIS, Nimiq has adopted the tried and tested DeFi concepts of Atomic Swaps and Hashed Timelock Contracts (HTLC) to handle off-chain assets, thereby creating a bridge between two different financial worlds. The OASIS protocol simulates off-chain assets to behave like blockchain tokens, making them programmable. The project has chosen EUR as the first off chain asset and has partnered with the German TEN31 Bank to make it possible.
The banking partnership enables OASIS Protocol to create a smart contract that interacts with the SEPA Instant system. Meanwhile, smart contracts for cryptocurrencies are created on their respective blockchains. With these two sets of smart contracts in place, a swap can be initiated to facilitate noncustodial, verifiable, peer-to-peer exchange of assets. Currently, the OASIS Protocol only supports the purchase of BTC and NIM with EUR from any SEPA Instant capable bank accounts, with more assets to be added soon.
Buy BTC and NIM with EUR on Nimiq OASIS
Nimiq is on a mission to make cryptocurrencies accessible to everyone. To do that, it is relentlessly working on simplifying most of the crypto related processes. The introduction of Nimiq OASIS is a huge step in that direction. The entire Nimiq ecosystem is designed to work within a web browser on any device with an internet connection.
Anyone can use Nimiq OASIS irrespective of their prior experience with cryptocurrencies by following a few simple steps. They just have to visit the webapp site wallet.nimiq.com and create an account by choosing an avatar which represents their self-custodial wallet address. Once the password is set and the account created, they can download the login file that contains the cryptographic key for future access to their account from any other browser instance or device.
After logging in, they can select Buy NIM and BTC option, pick Bank Transfer as the mode of payment to establish an Atomic Swap like connection. They can select bank name or enter the BIC of their SEPA Instant enabled bank, followed by the amount of cryptocurrency they wish to purchase and initiate the transaction. The fiat end of the smart contract will be filled by the executed SEPA Instant transaction while Nimiq’s Fastspot liquidity service takes care of the crypto end of things by transferring the requested number of tokens. After both contracts are fulfilled, OASIS will initiate a swap and the user will receive the purchased crypto in their wallet.
OASIS HTLC necessitates the contract to be fulfilled within 90 minutes of execution, failing which the funds transferred to respective contracts will be reversed, thereby eliminating counterparty risk.
Nimiq is on a Roll
With the integration of Nimiq OASIS into the Nimiq Wallet, it enables up to 350 million users in Europe to onboard effortlessly from fiat into crypto without personal registration and nothing more than a SEPA bank account. Armed with a proven technology solution, Nimiq intends to expand the applications of OASIS protocol to other wallets and assets. In the near future, OASIS powered widgets and APIs will be made available for enabling atomic swapping, buying and selling of any product. It will also act as a payment processor for businesses and ecommerce platforms by enabling them to accept crypto payments from their customers and receive fiat into their account as settlement.
Meanwhile, the Nimiq project continues to optimize crypto payments by upgrading their original Proof-of-Work chain to their evolved, state of the art Proof-of-Stake chain that pushes the theoretical performance limits of single chain protocols.
PayPal’s Just Introduced a Bitcoin Onramp to 346 Million People
Bitcoin’s price rocketed to ,000 this morning after news broke regarding FinTech giant PayPal’s foray into the crypto market.
It has long been rumored that the payment processing firm was cooking up a crypto-related feature. Still, past reports regarding blockchain-specific job openings could have marked their way of exploring digital assets in a non-serious fashion.
Today, however, the company made it clear that crypto will play a long-term role in their platform, adding a feature that allows users to buy, sell, and store Bitcoin as well as multiple other digital assets on their PayPal accounts.
One on-chain analyst is pointing to the size of PayPal’s userbase to highlight the significance of this development, noting that there are nearly two times as many PayPal users as there are Bitcoin users.
This shows the vast magnitude of new users that could be brought into the Bitcoin and crypto ecosystem due to this move from PayPal.
PayPal Launches Bitcoin and Crypto Trading Service
Per a recent blog post released by PayPal earlier this morning, the company notes that the ongoing pandemic has spurred interest from their users in digital assets like Bitcoin.
As such, they decided to introduce a feature that allows users to buy, sell, and store Bitcoin, Ethereum, and other digital assets in their accounts.
Importantly, users who hold these digital assets will be able to use them as a means of payment at PayPal’s 26 million global merchants.
The PayPal CEO spoke about this new ability they have given users, saying:
“The shift to digital forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payments system; and the ability for governments to disburse funds to citizens quickly.”
There’s Nearly Twice as Many PayPal Users as BTC Users
On-chain analyst Willy Woo explained that the significance of the PayPal news cannot be understated. The platform currently has nearly double the number of users that Bitcoin has.
“User base: PayPal 346m+ Bitcoin 187m+. This is a big deal,” he said while pointing to the below chart from analytics firm Glassnode.
News of PayPal’s foray into crypto came about just a week after Square announced that they are holding million worth of Bitcoin on their balance sheet as a reserve asset.
As this trend of corporate adoption snowballs, it will likely continue bolstering Bitcoin’s price.
Featured image from Unsplash.
Huobi Lira Onramp to Enable Crypto Trading for Turkish Users
n Huobi Global will launch fiat gateway for the Turkish lira in late 2019, the firm officially announced at the Eurasia Blockchain Summitn
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Alipay Refutes Binance Fiat-Crypto On-Ramp, Will Stop Bitcoin Transactions
This week, popular crypto exchange Binance revealed that it added two new fiat on-ramps for Chinese customers to buy Bitcoin, through popular peer-to-peer platforms Alipay and WeChat.
But just as word had begun to spread of the new addition to the world’s crypto market leader, Alipay is now refuting the claim and says that it will “immediately stop payment services” if the transaction is identified as being related to Bitcoin or other crypto assets.
Not So Fast, Binance, Alipay To Block Crypto & Bitcoin Transactions
The young crypto market is still an arms race for crypto exchanges, trading platforms, and other crypto-related services such as wallets, price aggregators, and more. Competition is always looking to one-up one another, and claim as much market share as they can as their own.
No crypto exchange has done a better job coming out swinging and stealing market share from the rest of the competition as Binance has. The crypto exchange exploded on the scene at the tail end of 2017, and in just two short years has grown to become the leader in the market, often bringing new, innovative features to the forefront to the crypto industry, and setting trends for others to follow.
Related Reading | Binance Turns Two: A Look Back at The Young Crypto Unicorn
Recently in an attempt to spread adoption and bring in more revenue from Chinese consumers, Binance added support for two new fiat on-ramps, through popular messenger service WeChat, and through payment platform Alipay.
The crypto community rejoiced, just as they do over any move Binance makes and began discussing it via Twitter. Eventually, one Twitter user tweeted at Binance CEO Changpeng Zhao looking for confirmation, which he in all caps provided.
Moments later, Alipay responded, clarifying – again in all caps – that “NO, you cannot.” They followed up saying that the payments platform provider had received “several reports” about Alipay being used for Bitcoin transactions.
NO, you cannot. https://t.co/J0YMTz3FZW
— Alipay (@Alipay) October 10, 2019
Alipay explained they monitor transactions to “identify irregular behavior and ensure compliance with relevant regulations.” If any transactions were discovered to be related to cryptocurrencies such as Bitcoin, Alipay says they will “immediately” stop the payment services related to the purchase.
“If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant payment services,” a tweet read.
Following the imbroglio, Alipay shared an official statement on their Weibo account, and loosely translated explains that the firm will “resolutely repel” any accounts suspected of “virtual currency transactions.”
Related Reading | Report: China Has “Capabilities” and “Strong Motive” to Destroy Bitcoin
Alipay may be feeling pressure from the Chinese government. According to crypto influencer Dovey Wan, the Chinese OTC market had been slowing due to payment channels and even local police taking “various actions” against crypto and Bitcoin transactions.
Alipay officially reaffirmed its “Prohibition of cryptocurrency OTC trading” on its Weibo today (auto translation below)
Starting from Aug, China OTC market has been slowing down quite a bit due to various actions taken by both payment channels and local police pic.twitter.com/z3ZqzyJpvn
— Dovey Wan
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(@DoveyWan) October 10, 2019
With Alipay clearly being so adamant about blocking users from buying crypto on Binance, will the crypto exchange need to retract their previous statement that the services are available, or can a resolution be met?
The post Alipay Refutes Binance Fiat-Crypto On-Ramp, Will Stop Bitcoin Transactions appeared first on NewsBTC.
Startup Providing Convenient Bitcoin On-Ramp Lands Google Talent
A London-based startup focused on reducing the barrier to entry for Bitcoin use has just announced an exciting new hire. Joining Azteco will be former Google manager Paul Ferguson.
Ferguson has more than 15 years experience that he will bring to Azteco. The startup is trying to make getting exposure to Bitcoin as easy as topping up a mobile phone.
Former Google Worker Turns to Bitcoin
According to a press release posted earlier today, the Bitcoin on-ramp startup Azteco has managed to poach talent from internet giant Google. The crypto startup is working towards making buying Bitcoin as easy as possible.
I am really excited to go full time on #Azteco and help spread Bitcoin to every conceivable corner of the globe.@theonevortex @JWWeatherman_ @anthemhayek @cryptokelley @fundstrat @stacyherbert @maxkeiser @________jeremy @hhua_ @parabolictrav @sthenc @Beautyon_ https://t.co/3gXks2hDpR
— Paul Ferguson (@paul_ferguson) October 7, 2019
Ferguson boasts a career spanning more than 15 years in software development and product management. The new Azteco signing has led teams focused on advertising, reliability engineering, and Google’s own payment method, Google Pay. The release cites Ferguson’s “wealth of experience… in complex consumer-facing interfaces and high availability backend integrations” as being ideal for the Azteco business model. The former Google worker will reportedly work on vendor platform development, along with acquisitions of both products and vendors. The release reads:
“His addition to the team will accelerate the growth of Azteco and their goal of helping the global switch to Bitcoin as the money of the Internet. Leaving Google for Azteco is a strong indication of how potentially impactful and profitable Azteco will be and the opportunity Consumer Bitcoin presents.”
Azteco is a startup working on one of the most important aspects influencing Bitcoin adoption – the actual on-ramp itself. The company believes that a simpler way to pick up the cryptocurrency would make the digital currency much more attractive to the general public. It, therefore, seeks to create a system similar to the current, widely-used “pay-as-you-go” mobile phone top up procedure. Users would buy a voucher from a physical location – such as a supermarket – and use that voucher to “top up” a Bitcoin wallet. They can then transact Bitcoin from the wallet just as any other user would do.
The service that Azteco offers, in terms of its simplicity, is not that dissimilar to that offered by growing numbers of Bitcoin ATMs around the world. The company will need to ensure that it prices itself much more competitively than these machines seem to be. It is not uncommon for the terminals to have a 10 percent or more price premium on the current market price of Bitcoin. Many people herald Bitcoin ATMs as a great indicator of increased crypto adoption. However, such fees associated with them seriously hinders their usage for pretty much anything except as a novelty or for criminal ends.
Related Reading: BitMEX to Showcase Power of Bitcoin’s Lightning Network at Upcoming Crypto Conference
Featured Image from Shutterstock.
The post Startup Providing Convenient Bitcoin On-Ramp Lands Google Talent appeared first on NewsBTC.
Huobi Revamps HUSD Stablecoin to Help Power Fiat On-Ramp
Huobi is overhauling its HUSD stablecoin in a new partnership with Paxos and Stable Universal.
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