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alfwesh22

With HTC entering the race, a second cryptocurrency supporting smartphone created by a major electronics manufacturer is now on its way to the market. Could this be the start of a trend by all device makers to embed features such as hardware wallets into phones to help increase sales among more tech savvy consumers?  

Exodus From Fiat to Crypto
 

Taiwanese consumer electronics manufacturer High Tech Computer Corporation or HTC (TWSE: 2498), will release its own cryptocurrency-focused smartphone. The company has announced it is developing a “blockchain-powered” device that will be based on Google’s Android operating system which will be named Exodus.

The phone is expected to contain a universal wallet and a “built-in secure hardware enclave” supporting cryptocurrencies and dapps (decentralized applications). HTC reportedly also wants to create its own network with each phone serving as a node to facilitate trading within it. Finally, the company is examining the possibility of selling the device for cryptocurrency as well. “Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more,” Phil Chen who is responsible for the development told Thenextweb. “We would like to support the entire blockchain ecosystem, and in the next few months we’ll be announcing many more exciting partnerships together.”

Cryptocurrency Support as Killer App


HTC to Launch Its Own Cryptocurrency-Focused Smartphone, Exodus  

If you follow the electronics market carefully, you must know that HTC has not been doing so well in recent years despite creating some great devices. In that context it is possible to imagine that the company is betting on a cryptophone to give it a more edgy brand to attract privacy-minded young people and the more tech savvy crowd.

However, other companies have explored the field before HTC and it is thus possible that many more will soon feature built-in cryptocurrency support in their devices.

Earlier this month we reported on the technical details that have emerged about Sirin Finney, an ultra secure mobile device promising to keep your cryptocurrency transactions private. The phone will feature an embedded cold storage wallet, and will be built by the same company that builds the iPhone, Foxconn. And back in March of this year, the Chinese smartphone maker Huawei was rumored to be in serious talks with Sirin Labs about the device too.

How long until all new phones will support crypto as default? Share your thoughts in the comments section below. 




alfwesh22

JPMorgan co-president Jerry Pinto confirmed the bank was “looking into” the Bitcoin space May 16, saying cryptocurrency “will play a role” in the future.

Speaking to CNBC over two interviews, Pinto, who could be in line to succeed CEO Jamie Dimon, said that JPMorgan is able to trade  Bitcoin futures but has not yet opted to do so.

“We are looking into that space. I have no doubt that in one way or another, the technology will play a role,” he responded when asked about trading Bitcoin-based products.
“If we need to clear futures of bitcoin, can we do it? Yes. Have we done it? No.”
Pinto’s neutral stance continues the investment banking giant’s somewhat mixed signals about Bitcoin in 2018.
Despite banning customers from purchasing cryptocurrency using its credit cards, senior executives - including the once infamously bearish Dimon - have variously spoken out about the beneficial aspects of both Bitcoin and blockchain technology.

Pinto, too, sees the future of the economy incorporating aspects which were born with the mainstream entry of cryptocurrency.

“The tokenization of the economy, for me, is real,” he continued.
“Cryptocurrencies are real but not in the current form.”
JPMorgan is working on blockchain integration, Cointelegraph reported earlier this month, filing a patent for real-time p2p interbank transfers using the technology.




alfwesh22

Popular crypto payment processor, Bitpay, announced formal agreement with Florida’s Seminole County Tax Collector, Joel M. Greenberg. Bitcoin core (BTC) and bitcoin cash (BCH) can now both be used for tax payments, beginning this summer. County residents can pay in crypto for driver licenses, ID cards, and even property taxes

Bitpay Allows Enthusiasts in Seminole County, Florida to Pay Taxes in Crypto

File under: bitter sweet. Joel M. Greenberg, Seminole County Tax Collector, explained, “We live in a world where technology has made access to services on demand, with same-day delivery and the expectation of highly efficient customer service and we should expect the same from our government. The aim of my tenure in office is to make our customer experience faster, smarter, and more efficient, and to bring government services from the 18th century into the 21st century and one way is the addition of cryptocurrency to our payment options.”

Bitpay Enables Bitcoin Cash (BCH) and Bitcoin Core (BTC) for Tax Payments
Mr. Greenberg

Cryptocurrency isn’t necessarily moral nor immoral. It is an amoral technology, a tool. It can be used for terrorism, vacation getaways, housing, and, now, taxes. As governments are wont, they’re usually immune from innovation. But when it comes to revenue collection they’re surprisingly spry, alert, on it. Paying taxes by credit or debit has been a thing for a while, but always involved processors taking a heavy cut. The advent of crypto and the Bitpay Visa does away with a great many previous frictions, making the expropriation experience win-win: enthusiasts don’t have to do yet another conversion, and governments save in fees.

Holding Noses, Simplified

Head of Compliance at Bitpay, Jeremie Beaudry, detailed, “Bitpay was started because we recognized the potential for blockchain to revolutionize the financial industry, making payments faster, more secure, and less expensive on a global scale. With the Seminole County Tax Collector’s office, we have engaged our first government agency to accept bitcoin and bitcoin cash by making it easy and seamless for them.”

And though the broader crypto community has its issues with funding governments, paying them shouldn’t be any more cumbersome than need be. Bitpay and Seminole County teamed to allow bitcoin cash and bitcoin core for pretty much everything: car tags and titles, licenses, even property tax.

The county tax collector gets their money settled by the following business day, paid directly to the account in fiat. The local government is spared notorious price volatility and the usual risk associated with crypto. As Bitpay’s press release insists, through a “push transaction, the user sends the exact amount of bitcoin or bitcoin cash needed to pay the bill. This eliminates traditional credit card fraud and identity theft risks associated with credit cards.” The company’s fees are also better than merely competitive, as 1% per approval is way below market rate. And for those wishing to pay their taxes, the processor can be accessed through traditional computers or smartphones.

Is the ability to pay taxes with crypto a good way to increase overall adoption? Let us know what you think about this subject in the comments below.




alfwesh22

The crypto ban in Pakistan is proving to be not as effective as expected. If anything, the State Bank has barred commercial banks and financial firms from dealing in cryptocurrency which, of course, makes life harder for local exchanges. Individual traders, however, are finding alternative ways to acquire or sell cryptocurrencies, defying the warnings and the prohibitions.     

Central Bank Can’t Ban Cryptocurrency in Pakistan

Pakistan’s experience with cryptocurrencies offers another example of how ineffective financial authorities can be when trying to fill a legal vacuum with prohibitive administrative measures. Central banks often forget they are neither parliaments, nor governments, and their regulatory overreach cannot legitimately substitute the normal legal process. The recent decision of the State Bank of Pakistan to ban crypto-related activities proves that observation.

In early April, the SBP issued a circular on the “prohibition of dealing in virtual currencies”, right after a similar measure by the Reserve Bank of India, the regional rival. Unlike their Indian colleagues, who gave banks and traders three months to comply, Pakistani central bankers imposed the ban with immediate effect. SBP said virtual currencies and tokens were not legal tender and reminded it had not authorized any individual or entity to issue, sell, purchase, or exchange any such coins in Pakistan. All banks, microfinance entities, payment system operators and service providers were “advised to refrain” from dealing in cryptocurrencies.

The local market is by no means comparable to India’s booming crypto sector. According to Danyal Manzar, CEO of Pakistan’s first bitcoin exchange Urdubit, about 100 different digital coins were being traded daily across all mediums before the ban. His trading platform decided to close down permanently following the prohibition. “The decision was made in haste. Ample time should always be provided for a proper shutdown. But we respect the SBP’s decision,” he told The Express Tribune.

Immediately after the ban, Urdubit warned its clients to withdraw both their fiat and their crypto funds. A month later, however, some of its users still have bitcoins in their accounts on the platform. Manzar believes that those who want to trade will continue to do so because “alternative ways still exist that will continue to be tapped no matter how risky they are.” He thinks that cryptocurrencies would only disrupt the stock market, and not the entire monetary system. “About 80 to 85% of the traders from stock exchanges came to try their luck in virtual currency,” he said.

Localbitcoins PKR Trade Spikes After Ban

Recently, Pakistani crypto traders told Asia Times that the central bank’s move initially caused a dip in the crypto market but the volume of trading has gradually picked up after alternative trading methods were discovered.
“Traders realized that the SBP hasn’t, and can’t ban cryptocurrency in Pakistan,” Lahore-based trader Majid Ali commented. “What the State Bank has done is ban banks from entertaining crypto, so if you’re not dealing via banks, you [still] can own and trade virtual currency in Pakistan, which comes under the IT ministry,” he explained.

Indeed, as the chart of the weekly Localbitcoins volume from Coin Dance shows, trading has spiked after the release of the circular. It peaked in the week of April 28 to more than 163 million Pakistani Rupee (>1.4 million USD), almost reaching December-January all-time highs.

The price of Pakistan’s first and only cryptocurrency, Pakcoin, which was explicitly mentioned in the SBP’s prohibition, has also jumped – by over 60% since the ban. Pakcoin founder Abu Shaheer says that the central bank’s measure has actually worked in favor of his crypto by “serving to expose Pakcoin’s name [and] more people got interested in it.” The digital token is already used for mobile phone credit top-ups.


Islamabad to Prohibit “All Forms of Virtual Currency” After All

Sources from Pakistan’s Ministry of Information Technology and Telecommunication have told Asia Times that the government in Islamabad does plan to formally declare cryptocurrencies illegal in the country. “We have forwarded our recommendation for a ban on all forms of virtual currency trading, and proper legislation is being worked on,” a government official said.

According to crypto trader Majid Ali, however, while the legislation is likely to hit trading, there are alternatives for dealing with cryptocurrencies. “The government of Pakistan can’t stop the trade in an international commodity that is accepted in other countries,” he said. Majid also warned that the ban actually opens transfer channels that can be used for illegal purposes.

Do you think that bans imposed by central banks can really stop cryptocurrency trade? Tell us in the comments section below




alfwesh22

The number of new cryptocurrency exchanges is rapidly growing worldwide. This new crypto exchange roundup features four platforms located in South Korea, Thailand, Vietnam and the Philippines.

South Korea’s Coinbit 

South Korean game developer Axia Soft Co. Ltd. has recently launched a crypto exchange called Coinbit.

 For its grand opening, the exchange is offering zero commission trades until the end of May.
Coinbit says 50 cryptocurrencies will be listed initially and more than 100 coins will be listed by the end of the year. Among supported cryptocurrencies are bitcoin, ether, ripple, bitcoin cash, ethereum classic, litecoin, waves, stox, eos, vechain, omisego, qtum, and neo

Thailand’s Jibex
 

Cryptocurrency exchange Jibex has recently opened its doors in Thailand.                                                          

The exchange is backed by IT company J.I.B. Computer Group Co. Ltd, a distributor and seller of computer hardware and IT trading products with 150 stores nationwide.

Initially, only five cryptocurrencies will be supported: bitcoin, bitcoin cash, ether, litecoin, and ripple. More will be added in the future, according to Jibex CEO Thuntee Sukchotrat. The exchange also offers a wallet supporting those five cryptocurrencies.

For the grand opening, Jibex is waiving its commission of 0.24%. No trading fee will be charged for 45 days ending on June 26.

Jibex Chairman Dr. Thantharaksuk Chotirat commented:
The partnership with J.I.B. Computer Group (JIB) will give users peace of mind and confidence in their investment. The service is good, fast and attentive to all customer needs
Vietnam’s Kenniex
 

Kenniex crypto exchange has recently launched in Vietnam, headquartered in Ho Chi Minh City.

The exchange claims to be “the first live cryptocurrency exchange in Vietnam…[and] the first e-money trading platform in Vietnam to have a trading office where investors can experience our services as well as receive effective investment advice,” according to its website.

Customers can currently convert bitcoin and ether into VND and vice versa. The transaction fee is usually 0.4% but has been reduced to 0.2% for the first month of launch, according to local media.

The Philippines’ Coinvil
 
While Coinbit, Jibex, and Kenniex have already launched, this next exchange has not. South Korean blockchain technology and services company Glosfer and Coinvil have agreed to collaborate to build and launch a cryptocurrency exchange in the Philippines. Glosfer will build the platform while Coinvil will operate the exchange. Coinvil CEO Park Rae-hyun commented:
The Philippines will become the largest cryptocurrency trading market that connects Europe and Asia.
Do you think the number of new cryptocurrency exchanges will keep growing? Let us know in the comments section below.




alfwesh22

The chairman of the economic committee of Iran’s parliament has revealed that Iranians have sent more than $2.5 billion out of the country to purchase cryptocurrencies with. His statement follows the country’s central bank banning local banks from dealing with digital currencies including bitcoin.

$2.5 Billion Capital Flight
Mohammad Reza Pourebrahimi, the Chairman of the Economic Commission of the Parliament of Iran, was quoted saying last week by Ibena.ir news agency:
Based on the existing data, few people in Iran are cryptocurrency users and more than 2.5 billion dollars has been sent out of the country for buying digital currencies.
$2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies
Central Bank of Iran building.

He previously told Isna newspaper that Iranians had transferred $30 billion out of the country over the few months ending March. “Iranians do not have access to the international banking system and the transfers can only occur through unconventional ways, such as exchange dealers or international travelers,” Radiofarda explained.

The chairman’s statement came on the heels of the Central Bank of Iran (CBI) banningbanks and financial institutions from dealing with cryptocurrencies, citing money laundering and terrorism financing risks.

Iran’s National Cryptocurrency


$2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies  

Iran’s Information and Communications Technology (ICT) Minister, Mohammad Javad Azari-Jahromi, recently confirmed that an experimental local cryptocurrency has been developed and a test model was ready.

However, in an interview with Ibena.ir last week, Pourebrahimi said that “No virtual national currency has been designed in the country at the present [time].”

Nonetheless, he explained that Iran’s national crypto can “facilitate economic deals and circumvent sanctions,” the news outlet conveyed. Citing that “the future of the world economy will be done on digital currencies,” the chairman was quoted asserting that the national cryptocurrency “can pave the path for multilateral currency swap agreements between Iran and countries which are enthusiastic to have economic cooperation with Iran but they couldn’t have it so far owing to the sanctions.” He also elaborated:
The structure of the cryptocurrency should be suitable for economic activity and be acceptable at the international level simultaneously.
Pourebrahimi believes one of the benefits of cryptocurrencies “is [the] absence of [the] American regulator,” which he admitted can circumvent sanctions. His statement echoes Azari-Jahromi’s statement made last week that “All cryptocurrencies have the ability to circumvent sanctions because they are not under the supervision of the US financial regulator.”

Meanwhile, U.S. President Donald Trump has withdrawn the US from the 2015 Iran nuclear deal by restoring sanctions on Iranian oil exports.

What do you think of Iranians spending $2.5 billion to buy crypto abroad? Let us know in the comments section below.




alfwesh22

There has been a time when a saying was popular on Wall Street: “when Warren Buffet speaks, you listen.” Now Wall Street is better not to listen, if they do not want to become history faster than Kodak or Blockbuster.

The media are going mad reporting the latest senseless rants from Warren BuffetMunger and Bill Gates, just to name the last few. The usual barrage of senseless observations, wrong assumptions, popular, but wrong and ignorant distinctions between "the technology behind Bitcoin" - which is good and everyone on the Street loves it - and the rest which is obviously very bad or just plain insults to the whole crypto community - as if instead Wall Street is populated only by honourable gentlemen and philanthropists.

Shall the crypto community start trading insults with them? Shall we respond?
No we shall not. For they are slowly becoming the past at an accelerating pace and they do not understand it. Besides, they know nothing about Bitcoin. It is like asking a rugby player to dance the ballet's classic "pas des deux". It is pretty unlikely that the player will know how to dance the ballet.

It is worth repeating again and again what Bitcoin is (with capital "B" the protocol), what bitcoin is (with "b" the money), that Bitcoin was the first ever Blockchain, that it is today the largest, open, peer to peer system of payment without intermediaries and without central point of failure, that it incorporates "a planetary scale, self evident, thermodynamically guaranteed system of trust and immutability", that it is tamper and censorship resistant, that it is resistant to geopolitical manipulation, that lives by consensus and has the features of money and that all this extraordinary complexity put together will change the world we live in and will be the backbone of this coming digital or 4th industrial revolution? No, these are words wasted on them, because they represent the establishment and they are either too much ingrained in the current system to be able to see something different coming or they have too much vested interest in it to be able to acknowledge it.

They prosper in a system which is based on custody, control, intermediary chains, oversight, cronyism, centralized trust and manipulation. Bitcoin has none. Bitcoin is an alien to them.

The last time that Warren Buffet made very serious money has been with the financial crisis in 2007-2008. When millions of people lost their lifesavings and the hope for a decent future life he made more than $10 bln. By its own admission, this is not because he is a great investor:
"If I didn't think the government was going to act, I would not be doing anything this week. I am, to some extent, betting on the fact that the government will do the rational thing here and act promptly."
Buffet told the above to CNBC after investing $5 bln in Goldman Sachs. Sure enough the US government did just that.

So you see, you do not have to be an "oracle" to profit from stocks of companies which you know will be saved with public money when you are pals with the President, the Treasury Secretary and the Fed Chair and they can guarantee that to you. There are few in Wall Street who can represent more egregiously today's crony capitalism than Warren Buffet.

B(b)itcoin stands tall as a symbol against all that. Obviously he does not like it.

Of his despisal we must be proud. WE, the Crypto community, see a different world coming, WE hope to move away from this crony capitalism to a decentralized, open, trusted and democratized capitalism based on more honest money (just like Bitcoin). 

So the message here is not for the Buffets´ of this world, it is for the crypto community of young and bright technologists and entrepreneurs. It is an appeal to stop bickering about which technology is better than the other. Do not waste your time in internal battles that only delay the progress. This is not a religion or a dogma. Yours is a fundamental contribution towards a better future, towards a better world. Put your heads down and whatever you do keep doing it together to improve the Bitcoin´s fundamental pillars of: (i) real decentralization and openness (ii) an inbuilt system of trust and immutability which must be highly resilient to coercion, censorship, geopolitical manipulation and tamper and (iii) cryptographic encryption. Whatever will be the solutions adopted to improve on that, then the result will bring progress to humanity as a whole.

The Buffets´ of this world will be soon the past. For it is a question of when, not if, the NYSE and the NASDAQ Blue Chips will start tokenizing their shares on crypto exchanges, when there will be no more IPOs but only STOs, when VC firms will bring their illiquid portfolios to crypto exchanges to be tokenized and when - in only a couple of years from now - the tokenization will be a trillion dollar industry, then also Berkshire Hathaway will do what Goldman Sachs is doing today, forming a crypto desk and buying tokens. 

The irony is, to be able to do that, they will have to buy bitcoin. 

Then, suddenly, it will all make sense to old Buffet as well.




alfwesh22

The owner of the New York Stock Exchange (NYSE) is mulling letting customers buy and hold Bitcoin, The New York Times reported late Monday, May 7. The move would be the second Wall Street giant in a week to reportedly open up to crypto.

As the New York Times reports, citing “emails and documents” as well as four anonymous sources, NYSE owner Intercontinental Exchange (ICE) is planning to offer traders contracts that eventually result in customers owning the cryptocurrency.

The news comes just days after the publication quoted a Goldman Sachs executive, who appeared to confirm the bank would debut Bitcoin futures “within weeks”.

ICE “has had conversations with other financial institutions about setting up a new operation through which banks can buy a contract, known as a swap, that will end with the customer owning Bitcoin the next day — with the backing and security of the exchange,” the Times wrote late Monday.

Should the move go ahead, ICE and Goldman would join an increasingly large chunk of traditional finance engaging with cryptocurrency. Other recent players now include NASDAQ, which announced it would be “open” to establishing a cryptocurrency trading platform in future.

The positions further contrast sharply with contradicting industry perspectives currently hitting the headlines, such as comments from Berkshire Hathaway CEO Warren Buffett, who this week  likened Bitcoin to “rat poison.”

Bill Gates meanwhile adopted a more curious halfway position, telling CNBC yesterday that although trading Bitcoin was a “greater fool” activity, he would still “short it if there was an easy way to do it.”




alfwesh22

A Russian arbitration court of appeals has recognized cryptocurrency as a property with value in its ruling on Monday. This overturned a previous ruling by another court even though Russia currently has no legal framework for cryptocurrencies.

Crypto Recognized as Property


Cryptocurrency Recognized as Valuable Property by Russian Court  

The Ninth Arbitration Court of Appeals ruled on Monday that a bankrupt person’s cryptocurrency must be included in the debtor’s bankruptcy estate, local media reported.

The case involves Russian citizen Ilya Tsarkov who filed bankruptcy in October last year. The court has ordered his cryptocurrencies to be transferred to the trustee, Alexei Leonov, who is expected to be handed the private key to the crypto wallet belonging to Tsarkov soon. According to Vedomosti, Tsarkov owns almost 0.2 bitcoin which is worth approximately US$1,885 at current market rates.

“The cryptocurrency was first recognized as property in Russia,” Ris Novosti reported. Leonov commented that with this ruling:
The court indirectly recognized the cryptocurrency as property and recognized its value.
Court Recognizes Crypto


Prior to Monday’s ruling, the case was heard in February by the Moscow Arbitration Court, which ordered Tsarkov to disclose his cryptocurrency holdings after he revealed to the bankruptcy trustee that he had a wallet at Blockchain.info.

Cryptocurrency Recognized as Valuable Property by Russian Court 

Leonov requested the court to order the transfer of Tsarkov’s cryptocurrencies into the bankruptcy estate, but the court rejected his request at the time, stating that cryptocurrency cannot be used to pay creditors since “the laws of the Russian Federation do not recognize cryptocurrency as property.”

However, with Monday’s ruling, the Ninth Arbitration Court of Appeals overturned the judgment of the Moscow Arbitration Court after Leonov appealed. Russian Legal Information Agency Rapsi conveyed the court’s explanation:
Currently Russian legislation does not provide the definition of cryptocurrency and there are no requirements for its circulation. There is no way to tell if it is property, information or a ‘surrogate’…it is impossible to regulate the relations involving cryptocurrency.
Leonov cited “the position of the European Court of Human Rights on the issue of property and a bankruptcy case in Japan, where a court permitted to sell the debtor’s cryptocurrency,” the agency noted. “The lower court should have taken into account modern economic realities and new information technologies…bad-faith parties could exploit the fact that cryptocurrencies were excluded from bankruptcy estates by converting their assets and thus rendering them inaccessible,” he reportedly conveyed.

What do you think of the court’s ruling? Let us know in the comments section below.




alfwesh22

Bitcoin adoption continues to grow rapidly worldwide. This adoption roundup features four merchants that recently started accepting the digital currency – a boutique hotel in Spain, parking lots, an electrical supply store, and online courses in Japan.

                    Parking Lots
Park Realty Co. Ltd., which provides a parking lot sharing serving called QRpark, announced last week that it has started accepting bitcoin payments.
 
“It is the service to convert the industry’s first monthly parking lot into a temporary parking lot,” the company described. A parking lot owner just needs to set up a visible signboard on the premises to be shared. “Guests using the parking lot select the parking time at the time of parking and pay the fee using the [QRpark] application,” the company detailed, adding that “Compared to [traditional] coin parking, capital investment is small, so the price is also cheap.”

The announcement states that the company believes that this system will lower the vacancy rate of monthly parking lots, and expects that approximately 4,000 locations and 10,000 renters nationwide to use this service throughout the year.
The QRpark team wrote:
We decided to introduce a bitcoin payment service, expecting to increase the convenience for customers by increasing the means of payment and [it will] lead to the acquisition of new customers.
                              Electrical Supplies Store
Fujiden Corporation recently started accepting bitcoin payments at one of its stores in Japan – the Yawata Electrical Materials Purchasing Center. This is done through Japan’s largest cryptocurrency exchange by volume, Bitflyer. The company currently has 11 stores in Japan, mostly in Kyoto and Osaka. The Yawata location is in Kyoto prefecture.

“Cash settlement is the mainstream for electrical wires, electrical construction materials, electrical tools etc. used at construction sites, such as [for] electrical work and air conditioning construction,” the company explained, adding that while its stores focus on credit cards, “We intend to pursue further convenience by introducing bitcoin payments.”

                               Online Courses
Kiramex recently announced that it is accepting bitcoin payments for courses at its online school, Techacademy. Citing that customers can use Bitflyer’s Bitwise Shop to pay for all courses offered at the Techacademy online boot camp, the company elaborated:
Techacademy responds to the needs of users born from new technologies and markets, such as starting to offer blockchain courses since February this year. The bitcoin payment [option] this time is part of that effort.
 

Spain’s Hotel El Tiburon
El Tiburón is a boutique hotel located on the beach of La Carihuela, Spain. The hotel announced last week that it has become “the first hotel in Andalusia to accept cryptocurrencies as a form of payment,” specifically naming “four main cryptocurrencies: bitcoin, ethereum, litecoin, and bitcoin cash.” The hotel uses Coinbase Commerce to accept crypto payments.
El Tiburón says:
We bet on technology to provide our customers with the latest digital trends, due to the great boom that has been generated with bitcoin, ethereum, dash, etc., we have decided that our customers should be able to pay for our services with this innovative technology.

Do you think all merchants will soon adopt bitcoin? Let us know in the comments section below.




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