money

News junkie’s open-source project links Bitcoin with publishers

"Charging one-off fees for news stories is a hassle: users don't want to create an account and enter their credit card details for a single news story. It's easier just to move on. Bitmonet leverages Bitcoin's strength as a digital substitute for cash. In a demonstration on Bitmonet's website, clicking on a story brings up a pop-up window offering a news story for US$0.10, a one-hour pass for $0.15 or a day-long pass for $0.20. The one-hour pass costs 0.0012 of a Bitcoin. Clicking the 'Pay with Bitcoin' button launches Bitcoin wallet software on a person's computer. The transaction is painless: users don't have to enter their financial details or create an account with the publisher." Continue reading →

Continue ReadingNews junkie’s open-source project links Bitcoin with publishers

News junkie’s open-source project links Bitcoin with publishers

"Charging one-off fees for news stories is a hassle: users don't want to create an account and enter their credit card details for a single news story. It's easier just to move on. Bitmonet leverages Bitcoin's strength as a digital substitute for cash. In a demonstration on Bitmonet's website, clicking on a story brings up a pop-up window offering a news story for US$0.10, a one-hour pass for $0.15 or a day-long pass for $0.20. The one-hour pass costs 0.0012 of a Bitcoin. Clicking the 'Pay with Bitcoin' button launches Bitcoin wallet software on a person's computer. The transaction is painless: users don't have to enter their financial details or create an account with the publisher." Continue reading →

Continue ReadingNews junkie’s open-source project links Bitcoin with publishers

11 Hotels and hostels that accept Bitcoin

"It’s summer time (well, at least in the northern hemisphere) and people want to travel, Bitcoiners included. So we decided to gather information about some hotels and hostels where your Bitcoin wallet will serve as a moneybag. After a long day’s journey, here’s a list places where you can relax for a few virtual coins." Continue reading →

Continue Reading11 Hotels and hostels that accept Bitcoin

11 Hotels and hostels that accept Bitcoin

"It’s summer time (well, at least in the northern hemisphere) and people want to travel, Bitcoiners included. So we decided to gather information about some hotels and hostels where your Bitcoin wallet will serve as a moneybag. After a long day’s journey, here’s a list places where you can relax for a few virtual coins." Continue reading →

Continue Reading11 Hotels and hostels that accept Bitcoin

11 Hotels and hostels that accept Bitcoin

"It’s summer time (well, at least in the northern hemisphere) and people want to travel, Bitcoiners included. So we decided to gather information about some hotels and hostels where your Bitcoin wallet will serve as a moneybag. After a long day’s journey, here’s a list places where you can relax for a few virtual coins." Continue reading →

Continue Reading11 Hotels and hostels that accept Bitcoin

11 Hotels and hostels that accept Bitcoin

"It’s summer time (well, at least in the northern hemisphere) and people want to travel, Bitcoiners included. So we decided to gather information about some hotels and hostels where your Bitcoin wallet will serve as a moneybag. After a long day’s journey, here’s a list places where you can relax for a few virtual coins." Continue reading →

Continue Reading11 Hotels and hostels that accept Bitcoin

Immovable law collides with unstoppable Bitcoin casinos

"It looks like the immovable law of the land may have finally met its match, up against Bitcoin, the encrypted, nationless, currency that disrupts every industry it touches. And now that Bitcoin casinos have had their first major acquisition, an $11.5 million deal, no industry better embodies the unstoppable nature of Bitcoin than gaming. 'The most interesting thing about Bitcoin is how it almost seems tailor made for Internet gaming,' said Stuart Hoegner, managing director of the Gaming Counsel, a law firm representing gaming interests in both the United States and Canada. Specifically he cited low transaction fees, quick deposit-to-play ability, and the lack of chargebacks." Continue reading →

Continue ReadingImmovable law collides with unstoppable Bitcoin casinos

Kenya: Are Bitcoins the Future of Mobile Money?

"Ever since Safaricom, Kenya's largest mobile-network operator, launched the mobile-payment system M-Pesa in 2007, some two-thirds of Kenya's adult population have subscribed, and an astonishing 31% of the country's GDP is now spent through mobile phones. Kenya has been at the forefront of popular technological innovation for the past 5 years, and now there are indications that the country could usher in a new era of mobile banking. On 1 July, a company called Kipochi launched a new 'digital wallet' service that allows Kenyans to not only send and receive money domestically but, using the online peer-to-peer currency Bitcoins, transfer it internationally." Continue reading →

Continue ReadingKenya: Are Bitcoins the Future of Mobile Money?

Zurich bank cuts Cuba’s last Swiss franc channel

"Zurich's cantonal bank is halting all transfers to Cuba starting next month to avoid activities deemed in violation of a US embargo on the communist-ruled island. Bank spokeswoman Evelyne Brönnimann told AFP that new rules meant ZKB must now attest to its banking partners in the United States that its activities are in line with the US Office of Foreign Asset Control (OFAC) rules. 'If this is not the case, the United States can take actions against the banks like freezing their holdings,' the bank statement said. The head of the Swiss-Cuban Chamber of Commerce harshly criticised ZKB's decision, lamenting that the bank was removing the only banking channel operating in Swiss francs." Continue reading →

Continue ReadingZurich bank cuts Cuba’s last Swiss franc channel

Coinsetter CEO’s Message to Banks: You Will Soon Love Bitcoin

"Put yourself into a world in which banks charge $20 to $50 to manage an international wire transfer, but hardly make a profit on it. Conceptualize a world in which banks delay domestic ACH transfers up to three days, in a large part to reduce fraud risk. Imagine a world in which taking on just one new customer necessitates the hiring of another employee. If you’re a commercial bank, these problems are likely all too familiar. Your costs are continuously rising, but your clearing and compliance infrastructure hasn’t changed. Well I have some good news for you: Bitcoin is going to lower your network and compliance costs by 90%, and I guarantee you will be using it within ten years or less." Continue reading →

Continue ReadingCoinsetter CEO’s Message to Banks: You Will Soon Love Bitcoin