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Canadian cryptocurrency payments provider, NetCents, has completed the technical integration of its consumer credit card into its proprietary ecosystem. NetCents announced March 20 that it had begun edge-case scenario testing in real-world environments in order to ready the card for launch. The NetCents credit card promises users will not have to pre-load cryptocurrency onto their cards, differing from otherwise-similar products already on the market. Cards which require pre-loading can sometimes rob users of crypto value appreciation they would have otherwise received in the interim between loading and spending their coins. The NetCents card is directly tied to each user’s wallet, which allows cryptocurrency to be spent in real-time. The company has adapted its instant settlement technology to allow merchants to convert funds into fiat at time-of-purchase. They have also integrated the NetCents exchange into their offering. With integration of the card into its existing ecosystem complete, testing in real-world environments has begun. This is the final stage of development before public launch. Cointelegraph has reached out to NetCents for information on their testing and launch schedule, but had not received a response at time of publishing. The NetCents credit card will be issued on the Visa network. It will have a chip, pin, magstripe, and near-field communication technology. Usage will be integrated into the NetCents mobile application. Users will also be able to choose up to three spendable cryptocurrencies through the card. Initially supported cryptocurrencies will be Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH) and Litecoin (LTC). While the NetCents card may distinguish itself among other credit cards, it also faces competition from the crypto-banking sector. As Cointelegraph previously reported, German startup, Bitwala, offers a mobile cryptocurrency banking app with accompanying payment card as well. It should be noted, however, that the Bitcoin and Ether held there must be converted to fiat before spending. Meanwhile United Kingdom-based Ziglu will allow users to hold multiple fiat and cryptocurrencies, choosing and converting what they spend in real-time at point of sale. The NetCents card will initially be available to Canadian Residents.
All data is taken from the source: https://cointelegraph.com/
Article Link: https://cointelegraph.com/news/payment-provider-netcents-readies-cryptocurrency-credit-card-for-launch
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Payment Provider NetCents Readies Cryptocurrency Credit Card for Launch: https://www.youtube.com/watch?v=INQsCPtRUTs
Coin Zoom has just officially deployed its crypto exchange platform and Visa card that allows users to buy, sell and spend Bitcoin and other cryptos.
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What is Bitcoin?
Bitcoin is a new technology that functions as a digital currency. It is a peer-based, decentralized way to hold, store, send, and receive value. It does this by maintaining a cryptographic “ledger” called the Blockchain. All of the bitcoins in existence are created and stored on the Blockchain.
Bitcoin with a capital “B” refers to the technology itself. Bitcoin spelled with a little “b” refers to the tokens that hold the value and can be exchanged with others.
Multiple copies of the Blockchain exist on thousands if not millions of computers worldwide. Each copy of the Blockchain “verifies” itself by connecting to the Internet and making sure it has the most up-to-date list of transactions. The Blockchain maintains its integrity by using strong, modern, encryption techniques. This makes it impossible for anyone to alter the ledger, create fake transaction or “double-spend” their bitcoins.
Bitcoins do not require banks or third-party financial services to act as central clearing houses for electronic transfers. In essence, Bitcoin technology “cuts out the middleman”. Bitcoin is a decentralized, peer-to-peer monetary system that exists outside of the traditional, centralized, fiat-currency based financial system.
Is Bitcoin money?
Good question! The short answer is yes! But the long answer requires that we talk a little about what “money” is or what it should be.
Money is basically an idea. It is a system that we can all agree upon which allows us to exchange value, so we do not have to carry around cows or chickens with us to trade for the things we need.
An ideal money or “currency” should have the following properties:
Cognizable (easily identified)
Does Bitcoin fit the bill?
Well it’s certainly portable. It is all digital. It weighs nothing (unlike gold which can be heavy and bulky in large amounts. For that matter, traditional paper currencies can also become heavy and bulky in large amounts!). It can be sent across the room or around the world with the same ease and comfort. You can carry it on a piece of paper, a laptop, or even your smart phone.
It is Fungible. Every bitcoin is like every other bitcoin (unlike shells, beads, and traditional precious metal coins which can be “shaved” or diluted in purity)
It is dividable. It is actually one of the most dividable currencies ever conceived! It is possible to spend small fractions of bitcoins and no need exists to make change. When was the last time you were able to spend 1/8 of a penny?
Bitcoin is durable. It is protected by strong encryption and the Blockchain exists in thousands if not millions of locations simultaneously. You would literally have to delete the blockchain from every computer and smart phone in the world to destroy a bitcoin.
Bitcoin is cognizable or easily recognized. It’s based on math. No one can dispute a number or deny that 1 + 1 =2. People are just beginning to understand what Bitcoin is. There is a bit of a learning curve. But once you are familiar with it, you will know it when you see it.
Is Bitcoin stable? Well the current value of a bitcoin has been quite volatile lately in relation to other traditional currencies. But the Bitcoin plan calls for the creation of only 21 million bitcoins. In this way, Bitcoin will try to avoid the pitfalls of modern fiat currencies such as inflation, deflation, market manipulation, monetary policy, quantitative easing, and other central manipulations that effect the day-to-day value of the money we use.
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This is a Lykke support video that explains how to deposit fiat by credit card. You can use your Lykke Wallet mobile app and Lykke web terminal. This video is a step-by-step guide that explains how to use the web terminal.
NFC Wallet Card (https://nfcwalletcard.com) is a universal and reusable custom banknote, a physical and optionally encrypted digital wallet, a protected medium to securely store a reserve of any kind of cryptocurrencies or digital assets.
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Major Video Card Supplier Enters Cryptocurrency Mining Business – Bitcoin News
Sapphire Technology, one of the largest suppliers of AMD-based video cards in the world, has announced that it’s officially entering the cryptocurrency hardware business. The Hong Kong-headquartered company is launching a flagship mining rig. Also Read: Crypto ATM Network Coinsource Expands Into Ups…
#Major #Video #Card #Supplier #Enters #Cryptocurrency #Mining #Business #Bitcoin #News
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