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Here’s How to Order Food From Your Home Using Cryptocurrency

Here’s How to Order Food From Your Home Using CryptocurrencyStaying home during the coronavirus epidemic reduces the risk of getting infected with the deadly covid-19. The disease, which has already claimed the lives of over 20,000 people globally, spreads through human contact. Food is one of the few basic necessities that can regularly get you out of your house. That’s why food delivery companies have been among the few businesses that hire right now. Luckily some of them will accept your crypto.

Also read: While You’re Under Quarantine, Check These Sites for Remote Crypto Jobs

Takeaway.com Websites Accept Bitcoin

Ordering food and drinks online can save you a lot of trouble these days by limiting your exposure to other people in public spaces. Using electronic payments will help you to avoid touching paper cash too. If you are a cryptocurrency proponent, you would certainly appreciate the option to pay with the digital coins you have and some food delivery services offer you that opportunity.

Here’s How to Order Food From Your Home Using Cryptocurrency
Takeaway.com’s subsidiaries in five European countries take crypto.

Takeaway.com is a food ordering website, first launched in the Netherlands under the Dutch name Thuisbezorgd.nl. The platform now operates in around a dozen markets, mostly European (the Netherlands, Belgium, Germany, Poland, Austria, Switzerland, Luxembourg, Portugal, Bulgaria, and Romania) but also in Israel and Vietnam, letting you choose dishes from the menus of numerous partner restaurants.

The company’s subsidiaries in these countries accept a variety of locally popular payment methods and fiat cash. A few of its websites also support transactions through crypto payment processor Bitpay, which means you can pay for your delivery with either bitcoin core (BTC) or bitcoin cash (BCH). These currently include the original Dutch site, Takeaway.com’s German brand, Lieferando.de, as well as its websites in Belgium, Austria, and crypto-friendly Switzerland.

Other Options to Pay With Crypto for Your Food Delivery

Shuttle Delivery is a similar service in South Korea that delivers to addresses in the capital city of Seoul and its suburbs. You can order food from some of the country’s best restaurants choosing between Asian, American and European cuisine. Orders can be placed in either Korean or English and you also have a variety of payment options at your disposal such as major credit cards, Kakaopay, Paypal, and cash in Korean won or U.S. dollars. What makes the platform special is that it accepts BTC and BCH as well.

Here’s How to Order Food From Your Home Using Cryptocurrency
South Korean platform Shuttle Delivery allows you to order food in Seoul and pay with bitcoin.

But even if a food ordering website does not directly support crypto payments, there are still ways to pay for a delivery with bitcoin. For example, you can purchase a gift code for UK’s Just Eat platform from Bitrefil using several major cryptocurrencies. Just Eat’s gift codes come in different denominations, from £10 to £100. To find restaurants in your area that deliver right now you have to enter your postal code. You can filter the results by rating, hygiene, type of cuisine, free delivery, and other features.

Websites like Bitrefil which sell gift cards for coins provide crypto enthusiasts with many opportunities to spend digital money at merchants and service providers. Bitcoin.com Store’s Gift Cards section offers a wide variety of cards you can purchase with BTC and BCH. They are sorted in multiple categories, including Delivery & Subscriptions and Food & Restaurants, where you can buy the Uber Eats gift card, for instance. With the Uber Eats app you can order food online and get it delivered to your door, saving you from going out.

Do you know of other ways to order food and pay for the delivery with cryptocurrency? Tells us in the comments section below.

The post Here’s How to Order Food From Your Home Using Cryptocurrency appeared first on Bitcoin News.

Source: Bitcoin News

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World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic

World’s Largest Banks Losing Stock Value During Weeks Marked by PandemicThe spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure and preparing to deal with a shrinking asset base.

Also read: US Cash Crisis: Withdrawal Limits Spark Bank Run Fear

China’s ‘Big Four’ See Their Stocks Tumble

No one has a clear idea where this is going or what comes next for the planet’s financial system. What’s obvious, however, is that some of its elements are already under stress. Reports of banks imposing withdrawal limits in parts of the U.S. indicate a cash crisis is brewing. New interest rate cuts, more money printing and the flight of capital towards assets they don’t manage, such as cryptocurrencies, are going to limit the value banks have under their control.

China, where the covid-19 outbreak started, is home to the world’s largest banking sector in terms of assets. In mid-2019, the official figure stood at over $40 trillion, despite liquidity problems with some small regional banks and a credit crunch on the interbank market that required intervention from the People’s Bank of China. The big four state-owned commercial banks, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, and Bank of China, are topping the 100 largest banks list, according to the latest edition of the S&P Global Market Intelligence report.

World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic
With over $4 trillion in assets, Industrial and Commercial Bank of China is one of the world’s largest banks.

These financial behemoths have been watching the prices of their stocks drop over the last few months. From this year’s high of 6.01 yuan (approx. $0.85) in early January, ICBC shares are now trading at a little over 5.10 yuan ($0.72), and CCB stocks dropped from 7.49 yuan ($1.06) on Nov. 7 to a low of 6.17 yuan ($0.87) this past Monday, before bouncing back to 6.37 yuan ($0.90) on March 25.

The shares of the other two major Chinese banks also lost value, especially during the last month as authorities were struggling to contain the spread of the deadly coronavirus and deal with the economic fallout of the epidemic. Japan’s Mitsubishi UFJ Financial Group, another Asian banking giant, saw a steep decline in the value of its shares, from 566 yen ($5.08) on Feb. 21 to 384 yen ($3.45) on March 19. Its shares are currently trading for around 450 yen ($4.04).

Western Banks Affected by the Spreading Virus

The last several weeks brought similar results for the leading banking institutions in the United States, which now has over 50,000 confirmed covid-19 cases. JP Morgan’s stock fell to $79.03 from $137.49 per share on Feb. 20. Bank of America shares dropped from a monthly high of close to $33 to around $18 on the first day of the week before rising back to around $20 on Tuesday, when stock markets reacted to the Federal Reserve’s latest announcement. The Fed pledged to an open-ended quantitative easing in response to the economic challenges posed by the epidemic.

World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic
BNP Paribas stocks lost almost half of their value in a month. Source: Google.

Other banks that have been hurt by the crisis which led to a slowdown in economic activity around the world include the European HSBC and BNP Paribas. The shares of the London-based investment bank and financial services holding company, which were selling for over $35 about a month ago, started this week at a little over $28. Paris-headquartered BNP Paribas saw its stocks plunge by almost 50% to €25.43 ($27.40), from €48.70 ($52.69) on Feb. 25. Deutsche Bank’s shares registered similar losses, dropping from close to €9 ($9.74) in late February to a monthly low of under €5 ($5.39) in mid-March.

What do you think of the world’s leading banks losing stock value? Tell us in the comments section below.

The post World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic appeared first on Bitcoin News.

Source: Bitcoin News

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While You’re Under Quarantine, Check These Sites for Remote Crypto Jobs

With Coronavirus Spreading, Check These Sites for Remote Jobs in the Crypto IndustryIf you are on the lookout for a job in these pressing times, when the coronavirus pandemic has limited public movement and shut down businesses, it’s worth exploring opportunities to work from the relative safety of your home. The number of people doing so globally has been steadily growing, including in the crypto industry which is more decentralized than other sectors.

Also read: 10 Loan Providers Taking Crypto as Collateral, If You Think the Time Is Right for Hodling

Working From Home Is Healthier and More Productive

Remote jobs have been on the rise over the past few years. Stats gathered by Virtual Vocations, for example, show a 197% increase in such roles in the company’s database between 2015 and 2019. New openings registered by the telecommuting jobs platform grew by 25% last year, according to its latest annual report. Another source, an analysis conducted by Flexjobs and Global Workplace Analytics, points to a 44% increase of Americans working remotely in the last five years. The study also suggests that remote workers are more productive, better paid and healthier.

While You're Under Quarantine, Check These Sites for Remote Crypto Jobs
Source: Virtual Vocations

Although it’s difficult to precisely estimate the share of remote employees, all jobs in the cryptocurrency and blockchain industry, where this type of employment arrangement is popular, were generally growing last year and in early 2020, as news.Bitcoin.com reported. With restrictions due to the global covid-19 epidemic hitting other sectors hard, the crypto space may be affected too. The decentralized nature of the business, however, is likely to limit the damage to a certain extent. Working from home definitely has certain advantages in that respect.

While You're Under Quarantine, Check These Sites for Remote Crypto Jobs
Remote work attracts and retains talent, concludes a study carried out by Flexjobs and Global Workplace Analytics.

Platforms Listing Remote Jobs in the Crypto Space

If you are looking for a remote job in the crypto sector, a number of job posting sites will help you find the right vacancy. You can try established platforms such as Indeed.com, a global leader among employment-related search engines with over 250 million monthly visitors. Entering keywords like “cryptocurrency” and “blockchain” in the ‘What’ box and then specifying “remote” under ‘Where’ will return dozens of ads with detailed descriptions. Multiple filtering options are also available for you to select the positions you may be interested in.

While You're Under Quarantine, Check These Sites for Remote Crypto Jobs

Cryptocurrencyjobs.co is a specialized platform for job seekers in the crypto space that allows companies to post job ads and seekers to find their next occupation. When searching for an opening, select “Remote” under Location and you’ll be offered over 100 current blockchain jobs you can work from distance, including from well-known companies in the industry such as Binance, Xapo, and Bitrefill. Crypto.jobs is a similar website, with almost 1,800 ads at the time of writing, and a dedicated Remote Jobs section. Cryptojobslist.com has published over 1,000 postings and you can filter the remote positions too. Cryptojobslist.com is another popular option for cryptocurrency careers.

Another website that can help you to start or continue a blockchain career is Blockew.com. You can pull a decent list of remote jobs in the Job Opportunities menu where you’ll find ads from Kraken, Brave, and other familiar crypto brands. And if you are looking for a source that’s entirely devoted to remote working options, you should go to Remoteok.io which claims to have the largest collection of remote jobs for digital nomads. You’ll find many offers from blockchain companies among over 39,000 listed vacancies. Freelancers with interest and background in the cryptosphere can also check out platforms such as Freelance for Coins and Blocklancer.net for jobs that pay with cryptocurrencies.

What other websites posting remote jobs would you recommend? Let us know in the comments below.

The post While You’re Under Quarantine, Check These Sites for Remote Crypto Jobs appeared first on Bitcoin News.

Source: Bitcoin News

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10 Loan Providers Taking Crypto as Collateral, If You Think the Time Is Right for Hodling

10 Loan Providers Taking Crypto as Collateral, If You Think the Time is Right for HodlingIf you are not ready to part with decentralized money, at a time when prices are relatively low, but need some fiat cash to cover costs in times of crisis, crypto-backed loans are a working solution. A number of platforms offer this type of service and their popularity is growing among cryptocurrency enthusiasts who are intent on hodling.

Also read: If You Don’t Trust Yourself, These Crypto Vaults Will Help You Hodl Safely

Borrow Fiat Money With Crypto-Backed Loans

Various providers allow you to borrow against your crypto. Blockfi, a wealth management platform for crypto investors, extends loans in U.S. dollars backed by three cryptocurrencies, BTC, ETH and LTC. Use its calculator to enter an amount you’d like to get, minimum $5,000, and calculate the required collateral. To receive $10,000, for instance, you’ll have to deposit 3.53 BTC at the time of writing, based on a 50% loan to value ratio (LTV). To receive an individual offer, you must create a Blockfi account.

10 Loan Providers Taking Crypto as Collateral, If You Think the Time Is Right for Hodling

On the backdrop of the troubles facing the traditional financial sector, the nascent crypto banking industry has seen more positive development. Unlike banks in many countries, crypto lending platforms have been able to offer high interest rates and new services too. Blockfi recently announced that its balance sheet is “stronger than ever” and its margin has expanded. As a result, it’s going to raise interest rates on BTC and ETH deposits starting from April 1.

Another leading provider of loans backed by cryptocurrency is Salt Lending which operates in multiple markets. Salt takes a dozen coins as collateral including BTC, BCH, XRP, ETH, and LTC. The website lets you determine the conditions of your loan including the LTV ratio between 30 and 70% and the repayment period, three to 12 months. Interest rates start from 5.95% APR. In December, the trading platform Uphold announced a deal with Salt Lending to provide its users with fiat and stablecoin loans using crypto as collateral.

Partnerships Extend New Banking Services to Crypto Community

Cooperation within the blockchain space helps to expand the coverage of crypto credit and banking services. Crypto-friendly Silvergate Bank, a U.S.-based financial institution, announced in January a new product allowing customers to obtain loans collateralized by bitcoin. SEN Leverage was launched with the participation of cryptocurrency exchange Bitstamp, as news.Bitcoin.com reported. A partnership with Cred provides Bitcoin.com Wallet users with the opportunity to earn up to 10% interest on their BTC and BCH held with the platform that also permits the borrowing of funds, offering sub-10% APR on crypto-backed loans.

10 Loan Providers Taking Crypto as Collateral, If You Think the Time Is Right for Hodling

Nexo is a crypto lender targeting cryptocurrency holders in over 200 jurisdictions who can borrow in more than 40 fiat currencies against their digital assets. In December, the company introduced loans backed with bitcoin cash (BCH) and users can borrow in local currency when they need liquidity without selling their BCH. Nexo’s loan rates start from 5.9% APR. Its instant credit lines are available after you deposit cryptocurrency to your account. You can also earn 8% interest on euro and stablecoin deposits with Nexo. Bitcoin cash users can benefit from saving with crypto exchange Binance’s lending facility. It recently added BCH, ETH and EOS to its flexible deposit options which already supported BTC, BNB and two stablecoins, BUSD and USDT.

Youhodler is an established player in the sector which lends funds in euro, U.S. dollar and tether against the top 12 cryptocurrencies and it also pays out up to 12% APR on deposits in six cryptocurrencies including BTC, BNB and all major stablecoins. The company claims to have the highest loan-to-value ratio, up to 90%, with a minimum amount starting at just $100. Other competitors offering crypto-backed loans include Unchained Capital (accepts BTC with 35-50% LTV), Hodl Finance (uses BTC, ETH and XRP as collateral at 50% LTV) and Coin Loan (takes six cryptocurrencies with loan to value ratio of up to 70%). Lendabit facilitates peer-to-peer lending and borrowing against crypto collateral in BTC and ETH.

What other crypto-backed loan services would you recommend? Let us know in the comments below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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 this article.


Images courtesy of Shutterstock, Blockfi, Cred.


Do you need a reliable bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy bitcoin with a credit card.

The post 10 Loan Providers Taking Crypto as Collateral, If You Think the Time Is Right for Hodling appeared first on Bitcoin News.

Source: Bitcoin News

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3 Debit Cards Nigerians Can Use to Spend Cryptocurrencies in Stores and Online

3 Debit Cards Nigerians Can Use to Spend Cryptocurrencies in Stores and OnlineOptions to acquire cryptocurrencies in Nigeria have been growing in number, along with increasing interest in bitcoin. Nigerians are also starting to see more opportunities to spend their coins in brick and mortar stores and at online merchants. Three crypto debit cards are now available to the residents of the African nation which is also the continent’s largest economy.

Also read: Nigerians Can Now Buy Bitcoin With Cash From Stores and ATMs That Take Naira

Crypto Exchange App First Kudi Issues Debit Card in Partnership With Stanbic IBTC Bank

Nigerian company First Kudi offers users a currency exchange and payments app. The mobile software facilitates purchases and sales of cryptocurrencies with Nigeria’s national fiat, the naira, and U.S. dollars. Users can link their bank account or credit card to the application which allows them to transact between Kudi wallets free of charge, deposit and withdraw funds from other crypto wallets and fiat accounts, and make payments at POS terminals.

3 Debit Cards Nigerians Can Use to Spend Cryptocurrencies in Stores and Online

Formerly known as Kudi Exchange, the fintech platform is owned by TLG Ventures in partnership with Ferrum Network and operates from Lagos. Besides the fiat options, which also include Ghanaian cedi and Kenyan shilling, its app supports bitcoin core (BTC), ethereum (ETH), the stablecoin Gemini dollar (GUSD), and the native Ferrum Network Token (FRM).

First Kudi now issues a debit Kudi Card in partnership with Nigeria’s Stanbic IBTC bank, member of Stanbic IBTC Holdings and Standard Bank Group, a South African financial services provider and Africa’s largest banking group. Holders can use the card to turn crypto into traditional money or buy goods and services with bitcoin and naira. Its balance can be topped up directly from the Kudi Wallet.

A Kudi account is needed to order and use the wallet and the Verve enabled card, and users need to pass KYC. The procedure involves providing full name, email address, and phone number, the Nigeria Bitcoin Community portal details. Certain fees apply to some transactions with First Kudi. Bitcoin withdrawals to another wallet are charged 0.0005 BTC per transfer. Withdrawing fiat to a bank account will cost you 100 NGN ($0.27) for naira and $10 for U.S. dollars. The POS transaction fee for bitcoin, naira, and dollars is 0.50%.

Patricia and Crypterium Provide Nigerians With More Crypto Card Options

Demand for this type of service in Nigeria, where around half of the population remains unbanked, is creating conditions inviting other offerings in the market. Patricia, a Nigerian e-commerce platform that started with gift cards trading, has set out to make it easy for customers to buy and sell bitcoin, as its website notes. The company behind it, Patricia Technologies, recently announced the launch of a new crypto debit card.

The Patricia Bitcoin ATM Card will allow users to withdraw cash directly from their BTC and Nigerian naira wallets, make POS payments and online transactions, transfer funds through teller machines like with any other debit card issued by a traditional bank, PM News Nigeria reported in late February. Registration is required to obtain the card.

3 Debit Cards Nigerians Can Use to Spend Cryptocurrencies in Stores and Online

Affirming the startup’s commitment to financial inclusion, Patricia founder Fejiro Hanu Agbodje acknowledged that payments won’t change overnight and predicted a long transitional period before the world starts to transact in digital currencies. That’s why his team focuses on combining digital infrastructure with existing card processing and banking infrastructure as a step towards mass adoption of cryptocurrencies. The Nigerian entrepreneur pointed out that Patricia card users will have access to cash and be able to pay bills, make over-the-counter transactions, and buy subscriptions. Agbodje further stated:

We will allow you to spend your bitcoin anytime, everywhere and anywhere.

Nigerians have another option to use cryptocurrencies through a debit card. Crypterium, an Estonia-based crypto payment and wallet provider, issues the Global Bitcoin Card, which allows holders to spend cryptocurrencies at merchants and withdraw fiat cash from ATMs in almost 180 countries around the world, as news.Bitcoin.com recently reported. The card, which is powered by the payment processor Unionpay, currently supports several major cryptocurrencies: BTC, ETH, LTC, as well as Crypterium’s own CRPT token.

To get the card you need to download the Crypterium wallet first and install it on your phone. To receive a download link, you have to provide your phone number. The app comes with a virtual card and the plastic one can be ordered separately. The platform delivers worldwide, including many countries not supported by other crypto card issuers. Nigeria is on the list along with other nations with potential to become important crypto markets such as India and Brazil. In November, Coinsutra reported that users of its portal from these countries have been able to obtain the debit card.

Do you know of other cryptocurrency debit cards available in Nigeria? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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 this article.


Images courtesy of Shutterstock.


Do you need a reliable bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy bitcoin with a credit card.

The post 3 Debit Cards Nigerians Can Use to Spend Cryptocurrencies in Stores and Online appeared first on Bitcoin News.

Source: Bitcoin News

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12 Platforms Allowing You to Trade Gift Cards With Cryptocurrencies

12 Platforms Allowing You to Trade Gift Cards With CryptocurrenciesIn an emergency situation like the current coronavirus pandemic, anything can turn into currency as the fiat system may experience cash shortages and devaluation. Cryptocurrency users have options to trade bitcoin beyond traditional money. A number of platforms will let you exchange retailers’ gift cards with digital coins or sell you just about any gift card for crypto.

Also read: If You Don’t Trust Yourself, These Crypto Vaults Will Help You Hodl Safely

How to Sell Gift Cards on P2P Exchanges

One of the exchanges that facilitate gift card-crypto trades is Paxful, a leading peer-to-peer (P2P) marketplace with global presence. It supports purchases and sales of BTC using a wide variety of payment methods. You can trade over a hundred gift cards for crypto through its website. Popular options include cards issued by well-known retailers such as Amazon, Ebay, Google Play, and Walmart. Domino’s, Uber, and T-Mobile refill cards as well as any Visa, Mastercard or Amex gift cards are also accepted.

If you have an Amazon gift card you don’t need but are looking to acquire cryptocurrency, Purse is an online platform that will help you get rid of the card and buy coins quite easily. It offers you to pay for someone’s orders on Amazon and earn BTC or BCH in exchange, while allowing the other side to spend some bitcoin. Once a shopper confirms the merchandise has arrived, you’ll receive the crypto from escrow. Purse can also convert points and credits earned from Mechanical Turk, Amazon Associates, Ebates, Swagbucks, and others.

12 Platforms Allowing You to Trade Amazon, Ebay and Other Gift Cards With Cryptocurrencies
Purse helps you to sell gift cards for BCH and BTC.

Redeeem presents itself as a crypto exchange for discount gift cards. The platform operates on a P2P basis and you can buy and sell gift cards from 34 retail brands like Amazon, Ebay, Walmart, Home Depot, and Best Buy, using 32 cryptocurrencies including BTC, BCH, XRP, and ETH. Supporting the fight against the coronavirus pandemic, Redeeem recently introduced a 0% trading fee for all grocery store gift cards. The website claims the average discount that gift card buyers get is over 20%. In early March, the exchange launched a Telegram bot, @RedeeemBot, and now traders can sell gift cards in the popular messenger.

Another cryptocurrency exchange supporting peer-to-peer trading, Hong Kong-based Coincola, maintains a gift card trading section, where users can buy and sell BTC with cards and e-codes for numerous retailers and other platforms including Apple Store, Netflix, and Spotify. The page lets you choose the gift card you want to sell for bitcoin and filter the offers by fiat options. That latter feature allows cryptocurrency buyers to meet card sellers in their region and obtain the coins using gift cards denominated in local currency.

Getting a Crypto Offer for Your Gift Card

Some platforms are focusing on specific markets. Pamcoins, for instance, operates in Nigeria which has demonstrated heightened interest towards Bitcoin in the past year. The service helps users trade Amazon, Ebay, Steam, Google Play, and Apple gift cards for either Nigerian naira or BTC and ETH.

To do this, Nigerians have to contact Pamcoins on Whatsapp and specify the gift card they want to sell with its amount to get the current rate from an agent. After they upload the card, Pamcoins promises payment within minutes. Crypto Voucher works in a similar way, providing a global exchange platform for gift cards and cryptocurrencies. First you get an offer depending on the card and its balance. Once you provide the card and your personal details, the platform will email you a cryptocurrency voucher you can redeem for a choice of coins including BCH, BTC, ETH, and DASH.

12 Platforms Allowing You to Trade Amazon, Ebay and Other Gift Cards With Cryptocurrencies
Crypto Voucher maintains a global exchange platform for gift cards and cryptocurrencies.

Gift cards also provide an opportunity to spend your bitcoins with businesses that don’t accept cryptocurrencies directly. If you are looking to purchase cards for major retailers with BCH and BTC, you can check out Bitcoin.com Store’s Gift Cards section. The cards are sorted in multiple categories from Food, Clothing and Health, to Fuel & Auto and Sports & Outdoors. You can also send a gift card to a friend with a few clicks and a fast crypto transaction. The service is powered by Egifter, itself a platform providing cryptocurrency holders with access to hundreds of gift cards.

Bidali is another alternative for gift card buyers offering a rich selection of cards and dozens of supported cryptocurrencies, stablecoins and tokens. Gyft lets you choose between over 200 retailers and pay for gift cards with crypto. Wegift has more than 500 retailers’ gift cards for sale, while Bitrefill claims you can purchase gift cards or mobile refills for more than 1,650 businesses in 170 countries from its website using major cryptocurrencies.

What other options to trade gift cards with cryptocurrencies would you recommend? Tell us in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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 this article.


Images courtesy of Shutterstock, Purse, Crypto Voucher.


Do you need a reliable bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy bitcoin with a credit card.

The post 12 Platforms Allowing You to Trade Gift Cards With Cryptocurrencies appeared first on Bitcoin News.

Source: Bitcoin News

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If You Don’t Trust Yourself, These Crypto Vaults Will Help You Hodl Safely

If You Don’t Trust Yourself, These Crypto Vaults Will Help You Hodl SafelyHodling in difficult times has historically proven to be a long-term winning strategy. Keeping your cryptocurrency in your own cold storage is by default a good idea as far as security is concerned. But if you don’t trust yourself to not lose a small hardware device or a piece of paper, then there are alternatives that involve trusting others, for good or bad.

Also read: An In-Depth Look at the Multi-Currency Cold Storage Card Ballet

Bunker in the Alps Sounds Like a Good Option

Companies providing vault storage services for crypto assets gained prominence a couple of years ago, following the Bitcoin boom that brought many new investors into the space. A few of them have already established themselves as reliable platforms for crypto storage. Hong Kong-headquartered bitcoin wallet and cold storage provider Xapo is a good example. In the spring of 2018, it was revealed that the company held an estimated 6.25% of BTC’s almost $160 billion market capitalization at the time, or more than 1,000,000 BTC.

Xapo, founded by Argentine entrepreneur Wences Casares, attracted media attention with its focus on building ultra-secure facilities for cryptocurrency storage. The company had reportedly built a network of underground vaults on five continents, most notably one in a decommissioned military bunker in Switzerland, where clients’ private keys are kept on encrypted drives behind steel doors designed to withstand a nuclear blast and guarded by security personnel and systems. Even owners would need a couple of days to get access to their money.

If You Don’t Trust Yourself, These Crypto Vaults Will Help You Hodl Safely

In August 2019, U.S. crypto exchange Coinbase bought Xapo’s institutional businesses. Announcing the acquisition, the trading platform revealed that its Coinbase Custody subsidiary had grown to over $7 billion in assets under custody in just over a year since its launch in July 2018. The funds are stored on behalf of more than 120 clients in 14 countries, the company detailed. Coinbase acknowledged Xapo’s expertise in security techniques. Its custody arm now serves hedge funds, family offices, endowments, and proprietary trading desks, supporting major cryptocurrencies like BTC, ETH and XRP. The assets are insured by global leaders such as Lloyd’s of London.

Switzerland a Magnet for Crypto Riches

With its crypto-friendly regulations, Switzerland is very attractive for companies operating with cryptocurrencies and over 800 of them are based or represented in the country, including providers and developers of crypto custody solutions. Another company working in the niche, California-based Bitgo, announced in February the establishment of new custodial entities in Switzerland and Germany, which introduced a licensing regime for crypto custodians. The Swiss subsidiary is based in Zug, epicenter of the Alpine nation’s Crypto Valley. Both firms are regulated in their respective jurisdictions and will address increased European demand.

Bitgo is a major player with global presence in the market for institutional grade security solutions for blockchain-based currencies. Its Bitgo Custody platform employs a multi-signature system to secure your digital assets including security tokens. It supports a total of more than 100 coins and tokens that can be held with the Bitgo Trust Company, a qualified custodian and liquidity provider, in a cold storage bank-grade vault.

If You Don’t Trust Yourself, These Crypto Vaults Will Help You Hodl Safely

The service implements various controls including multiple approvals, spending limits, and whitelists, Bitgo’s website explains. The company’s $100 million insurance policy covers crypto assets when the private keys are held exclusively by Bitgo Trust Company or Bitgo Inc., in the event of third-party hacks, copying, theft or loss of private keys, insider theft or dishonest acts by Bitgo employees or executives.

Bitcoin Suisse is a Zug-based company specializing in crypto-financial services offering cold storage for digital assets. The Bitcoin Suisse Vault has been built to provide institutional-grade and fully audited crypto asset custody. The platform caters to the specific needs of its clients allowing them to customize the multi-signing process and define who can view and withdraw the stored assets. Besides corporate users such as financial service providers and institutional investors, private investors can also use it to store a list of cryptocurrencies including BTC, BCH, ETH, XRP, LTC as well as ERC20/223 tokens.

Bitcoin Suisse Vault is based on a solution developed by Swiss Crypto Vault AG, a wholly owned subsidiary of Bitcoin Suisse AG. Clients can deposit funds into the Swiss Crypto Vault by sending the coins to a unique public address, and their holdings are never mixed with assets belonging to others. Withdrawals are initiated by filing a request through the online portal which has to be verified independently by the user, Swiss Crypto Vault and Bitcoin Suisse before its execution, which can still be canceled by controllers appointed by the client. Before a transaction can be broadcasted to the blockchain, it must also get the green light from approvers, again chosen by the account holder.

More Providers Working on Storage Solutions

Other companies are developing their own safe storage solutions for cryptocurrencies. Metaco’s institutional custody platform, Silo, implements a hot-to-cold digital asset management technology. It’s a solution that integrates both software and hardware elements. It’s designed for banks which need a self-custody infrastructure that gives them control over their custodial activities. Silo was announced in January 2018 and has been developed together with data security agency Guardtime. It’s used by platforms such as Swiss Crypto Exchange (SCX). Metaco is now preparing to launch Cargo, a regulated service for smaller institutions looking for external digital asset storage.

If You Don’t Trust Yourself, These Crypto Vaults Will Help You Hodl Safely

Traditional financial institutions venturing into the crypto space are also working to offer custodial services. Last year, Arab Bank (Switzerland) joined forces with the blockchain company Taurus to provide its customers with custody and brokerage for their crypto holdings. Taurus is also helping Bank Vontobel to operate a digital asset vault allowing institutional investors to store and trade cryptocurrencies outside their balance sheets. Falcon Private Bank and digital trading platform Swissquote provide custodial solutions to investors interested in token sales through partnerships in the crypto industry. In January, Swiss bank Julius Baer teamed up with licensed crypto bank SEBA to offer storage for digital assets, and Liechtenstein’s blockchain banking provider Bank Frick introduced support for bitcoin cash (BCH) to its storage solutions.

Would you use crypto custody services to store the coins you want to hodl? Share your thoughts on the subject in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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 this article.


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Crypto News Updates

Sending Cash to Friends and Family Through Bitcoin ATMs Is Safer Than Crowding Bank Offices During Pandemic

Sending Cash to Friends and Family Through Bitcoin ATMs Is Safer Than Crowding Bank Offices During PandemicTransferring money over traditional channels may involve a lot of queuing in lines these days. Authorities around the world are trying to prevent large groups of people gathering in confined spaces to reduce the risk of transmitting the coronavirus infection. Remittances are a lifeline for people in many countries and cryptocurrency ATMs provide a way to send cash to loved ones without visiting a crowded bank office.

Also read: These Online Stores Will Sell You Masks, Gloves, Emergency Items for Cryptocurrency

Crypto ATM Transfers Safer Than Bank Wires in More Than One Way

The COVID-19 epidemic has already closed many public spaces across the globe. Those that remain open are subject to restrictions regarding the number of people allowed to gather at one time. Banks and money transfer institutions are likely to remain open even when many other businesses are closed. Visiting any office during the coronavirus outbreak, however, is considered a high risk by health officials. Not to mention cash withdrawal limits that can be imposed at any moment during crises like this one.

Sending Cash to Friends and Family Through Bitcoin ATMs Is Safer Than Crowding Bank Offices During Pandemic
Cash is becoming an emergency item in the current coronavirus epidemic.

Cryptocurrencies have proved to be a useful instrument for frictionless cross-border payments, facilitating fast transactions with low fees. They can always be used to transfer value on a peer- to-peer basis when two parties want to fully benefit from their advantages over traditional money. And Bitcoin ATMs – teller machines that support purchases and sales of various coins – can be employed for transactions between two fiat currencies using crypto as a medium.

In this case, a sender can buy the cryptocurrency equivalent of a fiat amount they want to send from an ATM near their location. In many countries that shouldn’t be a problem as over 7,000 teller devices are now operational worldwide. The digital coins can be sent with a crypto transaction to a recipient who can then convert them back into fiat; a local currency for example.

Using Bitcoin ATMs to send money abroad is a safe option, not only because of the high level of security for the transferred funds but also in terms of lower health risks as you can avoid visiting crowded bank branches or standing in lines in front of them. It is a convenient way to transfer financial assets quickly and at low cost although it does require the sender and the receiver to be familiar with bitcoin and comply with national regulations and restrictions in some cases.

How to Send Cash Using Bitcoin to Someone Who Doesn’t Know a Lot About Cryptocurrencies

There is a workaround that allows a crypto savvy person to send remittances to someone who might not know a lot about Bitcoin and doesn’t even have a cryptocurrency wallet. Moreover, it is possible to use only one ATM and still successfully complete a money transfer onchain.

Sending Cash to Friends and Family Through Bitcoin ATMs Is Safer Than Crowding Bank Offices During Pandemic
Money can be sent using only one crypto ATM and one wallet.

The recipient can initiate a transaction through a two-way device, take a picture of the generated QR code and share it with the person who is supposed to send the money, the Coinatmradar tracker explains in a tip for BATM users. Then the sender can scan the QR code and transfer the crypto to that address. Later on, the recipient can withdraw the cash in local fiat directly from the teller machine.

Digital remittances have experienced steady growth over the past few years, with the total value of transactions reaching almost $96 billion in 2020, an annual increase of more than 21%, as news.Bitcoin.com reported in February. According to data compiled by Statista, the number of users in the segment has grown similarly, by over 20%, creating an opportunity for cryptocurrencies. Bitcoin ATMs provide a safe and easy way to send crypto to people in need of cash, which is becoming an emergency item during the coronavirus pandemic.

Have you used a Bitcoin ATM to send cash to someone? Share your thoughts on the subject in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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 this article.


Images courtesy of Shutterstock.


Do you need a reliable bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy bitcoin with a credit card.

The post Sending Cash to Friends and Family Through Bitcoin ATMs Is Safer Than Crowding Bank Offices During Pandemic appeared first on Bitcoin News.

Source: Bitcoin News

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Crypto News Updates

These Online Stores Will Sell You Masks, Gloves, Emergency Items for Cryptocurrency

These Online Stores Will Sell You Masks, Gloves, Emergency Items for CryptocurrencyEvents like the global coronavirus outbreak provide good justification for some prepping. Crises like this often result in shortages and skyrocketing prices of important emergency items, proving that everyone should keep a box of face masks and even a decent survival kit, should things go really bad. The pandemic scare affected crypto holders this week leading to a massive sell-off. But even in these circumstances, there are more rational ways to part with your coins instead of a panic sell.

Also read: Crypto Community Gets Prepping as Coronavirus Spreads

How to Buy Anti-Virus Masks With Bitcoin

Avoiding crowded stores is a good idea right now. Luckily, there are many web-based merchants that will sell you just about everything you could need in a doomsday scenario or a survival situation. You can still procure online most of what the Red Cross thinks you should have in your survival kit in the event of an emergency or disaster, such as a flashlight with extra batteries, a hand-crank radio, a multi-purpose tool, and a first aid box.

These Online Stores Will Sell You Masks, Gloves, Emergency Items for Cryptocurrency
Greenbelt Outdoors sells reusable masks for several cryptocurrencies through Bitpay.

In the midst of a viral epidemic, however, priorities are changing. Since COVID-19 started spreading around the world, items essential for preventing infection such as surgical masks have become harder to find and expensive to buy. Reusable masks are even pricier but they provide an alternative solution. Greenbelt Outdoors is an online marketplace for adventure and outdoor equipment that has set out to help its customers in that regard. Its website states:

Our current focus is sourcing N95 masks and respirators where we can for potential protection against the coronavirus (COVID-19). We are working with suppliers for preparation for ‘SHTF’ potential scenarios.

The company behind Greenbelt Outdoors, a veteran-owned business based in Austin, Texas, accepts BTC, BCH, ETH, and XRP through Bitpay, and supports many fiat options including credit cards and Paypal. They currently ship several makes of non-disposable masks with activated carbon filters and washable masks that provide respiratory protection. They are offered at discounted prices. That’s on top of a selection of survival gear you might want to check out, just in case. “The way we see it, it’s more important to be prepared then not at all,” the store notes.

Getting Ready for a SHTF Scenario

You can also get prepared for a worst-case scenario using the services of other platforms that accept cryptocurrency payments. Survival Camping Store is one such example as its website is a rich source not only for camping and backpacking equipment but also a wide range of items for emergency situations. These include survival tools, shelter, bedding and cooking products as well as some self-defense means and hunting weapons — and even medical and hygiene supplies. Survival Camping Store supports multiple traditional payment methods, including major credit cards and Paypal, but you can also pay with cryptocurrency and the store offers a 5% discount for direct crypto payments.

These Online Stores Will Sell You Masks, Gloves, Emergency Items for Cryptocurrency
Besides outdoor gear, Survival Camping Store ships medical and hygiene products.

Another option is to check platforms such as Spendabit which functions as a search engine for products that can be purchased with bitcoin. You can use filters to specify the region and the merchants you are interested in or enter keywords. Searching for survival kit and medical gloves returns dozens of offerings coming from stores that supposedly accept cryptocurrency. A nice feature allows you to shortlist those that currently offer discounts of 10% or more. You can also search for merchants processing crypto payments using platforms like Spendbitcoins and Acceptbitcoin.cash.

The Bitcoin.com Store can help you to obtain similar products – if you go to the Gift Cards page you’ll find a wide choice of gift cards for major retailers and service providers that you can buy with either bitcoin core (BTC) or bitcoin cash (BCH). They are sorted in multiple categories like Sports & Outdoors where you can order a card for the popular outdoor gear store Cabela’s. And in the Health category, you’ll be able to purchase a gift card for the CVS pharmacy chain.

Do you know of other online merchants that sell emergency items and medical supplies for cryptocurrency? Tell us in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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 this article.


Images courtesy of Shutterstock, Greenbelt Outdoors, Survival Camping Store.


Do you need a reliable bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy bitcoin with a credit card.

The post These Online Stores Will Sell You Masks, Gloves, Emergency Items for Cryptocurrency appeared first on Bitcoin News.

Source: Bitcoin News

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Crypto News Updates

Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks

Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From BanksBitcoin Group SE, a prominent member of the European crypto industry, has been preparing to apply for permission to conduct crypto custody activities in its home country, Germany. The providers of such services in the Federal Republic are now recognized as financial institutions. Bitcoin Group, which has been in the business for some time, welcomes the changes that introduced licensing to the sector. Starting from Jan. 1, 2020, banks and other institutions are allowed to store and manage clients’ crypto assets.

Also read: Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions

Bitcoin Group Confirms Plan to Obtain Crypto Custody Permit

As the organization behind one of the largest crypto trading platforms in Europe, Bitcoin Group SE has already established itself as a major custodian of digital assets in Germany. Its fully owned subsidiary, Bitcoin Deutschland AG, operates Germany’s leading regulated marketplace for cryptocurrencies such as BTC, BCH and ETH. The investment group is also owner of Futurum Bank AG and holds 50% of the shares of Sineus Financial Services GmbH, an entity supervised by the German financial watchdog, Bafin.

Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks
The Federal Financial Supervisory Authority of Germany approved the acquisition of Futurum Bank in July 2019.

In December, Bitcoin Group announced it plans to apply for crypto custody permission for its companies from the Federal Financial Supervisory Authority. It hopes to expand its positions in the market for these types of services and the acquisition of Futurum Bank AG, which was approved by Bafin, creates new opportunities to attract institutional clients. Securing a license became necessary following last year’s adoption of legislation transposing EU’s Fourth Anti-Money Laundering Directive into national law.

The new regulations entered into force on Jan. 1, 2020. The German Banking Act now defines crypto custody business as the safekeeping and managing of crypto assets ​​or private cryptographic keys that serve to hold and store crypto assets that can be transferred to others. In recently published guidance, Bafin clarified that these activities represent financial services. Financial institutions had until the end of March to declare intent to obtain a license and the deadline for filing an application is Nov. 30.

Speaking to news.Bitcoin.com, Bitcoin Group Managing Director Marco Bodewein confirmed that the holding company is going to apply for a crypto custody license and explained:

Due to the current requirements of the authorities, the final application needs to be filed by November 2020 but we will apply officially much earlier. As of now we do not see any challenges for Bitcoin.de at all as we are already in the custody business for several years.

German Banks Are yet to Enter Cryptocurrency Market

Bodewein added that Bitcoin Group welcomes the current development of the regulatory regime in Germany which will open the market for more players including banks entering the crypto space. Competition is usually good for the business, he emphasized, although his crypto company has not yet experienced any stiff competition from traditional financial institutions.

The executive said that Bitcoin Group would also appreciate the adoption of regulations at EU level. “Certainly, the German approach is the first within Europe so it might be possible that Germany created a blue print for the rest of Europe,” Marco Bodewein commented.

Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks
The European Commission is gathering feedback from EU citizens, businesses, and regulators to establish a common regulatory framework for crypto assets and markets.

According to the latest corporate results published in September, Bitcoin Group’s earnings before interest and taxes amounted to €4.228 million in the first half of 2019. During the same period, Bitcoin.de reported an increase in its customer numbers to 808,000 registered users, up from 753,000 at the end of H1, 2018.

Bitcoin Group believes the growth is largely due to the expansion of the range of services provided by the exchange including the launch of a mobile app. The acquisition of Futurum Bank, formerly investment bank Tremmel Wertpapierhandelsbank GmbH, will mow allow the holding to offer new products related to cryptocurrencies, carry out proprietary trading and operate a network of Bitcoin ATMs.

How do you think Germany’s new regulations will affect the crypto industry in Europe? Share your thoughts on the subject in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is 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 this article.


Images courtesy of Shutterstock.


You can now purchase bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH directly from our trusted seller and, if you need a bitcoin wallet to securely store it, you can download one from us here.

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Source: Bitcoin News