Unbanked for Buying Bitcoin: How the Financial System Criminalizes Crypto

When we think of the unbanked, we envisage citizens of developing nations who lack the means and documentation to obtain access. But you don’t have to be a Mongolian goat herder to find yourself financially excluded.

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BitMart and Paxful Join Forces on OTC Trading, Move to Enter the Peer-to-Peer Financial Revolution

NEW YORK NY, July 9, 2019 — BitMart, a premier global digital asset trading platform, is pleased to announce a strategic partnership with Paxful, a global peer-to-peer Bitcoin marketplace. The partnership marks the two entities have taken together in the hopes of increasing liquidity and scalability, lowering the investment barriers for the unbanked to participate […] The post BitMart and Paxful Join Forces on OTC Trading, Move to Enter the Peer-to-Peer Financial Revolution appeared first on CCN Markets

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Bitcoin Pre-Paid Cards with a Conversion Option for 10 Fiat Currencies by The White Company & Paxful Launches

Partnerships have continued to be a fundamental indicator of growth and stability for projects within the blockchain and cryptocurrency space. One recent collaboration by Paxful, a digital coin exchange, with The White Company (TWC) is expected to tap more unbanked individuals into crypto.

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What’s a Bitcoin? Brazil President Proposes a ‘Euro’ For South America

The president of Brazil, Jair Bolsonaro, blamed Bitcoin for canceling an indigenous cryptocurrency project, despite not knowing what it is. And now he’s considering a South American ‘Euro.

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Bitcoin [BTC] can serve the unbanked with full power of a financial institution, claims Andreas Antonopoulos

As the world closely keeps up with ongoing developments in crypto, thought leaders in the space are doing their best to promote it and its underlying technology. Recently, Justin Sun made headlines after managing to bag a $4.

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Op Ed: Bitcoin in Africa, What Needs to Be Done to Encourage Adoption?

Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services. These and many more such statements exist across the internet.

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Banking made Possible for Unbanked Africans with Imani Blockchain Payments Platform

African countries still have a considerable portion of the adult population that remain unbanked. Heidi Metz, the CEO and founder of payments startup Imani, is focusing on helping African citizens by providing them a blockchain-based, cheap mobile banking platform where users can store both fiat and digital currencies.

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Charles Hoskinson Launches Enterprise Blockchain with Ethiopian Government

Forbes reported that Ethereum and Cardano co-founder, Charles Hoskinson, has announced the launch of an enterprise blockchain framework in collaboration with the government of Ethiopia. Financial Services for Africa’s Unbanked Charles Hoskinson is launching “Atala,” an enterprise blockchain framework that aims to provide financial services to billions living in African countries.

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Debunking Bitcoin Myths: "It’s Only for Criminals"

A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against BitcoinBitcoin’s core value proposition is that it is an uncontrolled, apolitical money.

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IBM and the Brave New Financially Inclusive World: What Unbanked to Big Banks Entails

The introduction of digital currencies such as Bitcoin created a rush of people to proclaim that a revolution was in the offing. That we, the people, would be set free from the shackles of central bankers and retail banks, and be in complete control of our money.

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Cashaa Now Accepts Debit, Credit Cards for Crypto Purchases

Online banking platform Cashaa is set to allow users to purchase bitcoin, ether and Cashaa’s own token, CAS, using major credit and debit cards. This new service is a follow-up to the Business Banking Services Cashaa launched earlier in April 2019, which allows both individuals and private firms to open accounts with Cashaa and accept cryptocurrency payments.

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USDX Wallet Announces Integration with First Crypto Exchange, ExMarkets

Bitcoin Press Release: USDX Wallet has completed an integration with ExMarkets – the first crypto exchange that will list the company’s core coin, an LHT. April 23rd, 2019, Frankfurt, Germany – USDX Wallet is a mobile-first instant transfers solution powered by blockchain technology.

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XRP and Ripple Could Offer Blockchain-Based Financial Solutions to the Unbanked

Bitcoin (BTC) is the most popular digital currency and it has reached a large part of the population. However, XRP is the third largest digital asset and it has a lot to offer to those unbanked around the world.

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Cannabis, Cryptocurrency and Compliance: One Man’s Quest to Support Unbanked Businesses

Ernesto Huerta is the very embodiment of Bitcoin. As the operator of Crypto Space, a physical bitcoin exchange in Los Angeles’ San Pedro neighborhood, Huerta knows more than most about the challenges of running a cryptocurrency business while maintaining banking access and compliance.

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Weiss So Serious? Crypto Ratings Founder On Why Grades Are No Joke

In an industry that defines an early-adopter as someone who discovered Bitcoin in 2014, Martin Weiss is an anomaly. He’s not a Wall Street wannabe looking for a quick buck. Or a developer with a passion for blockchain technology.

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Op Ed: Hanging Money Launderers Out to Dry: The Role of KYC/AML in Blockchain

Crime isn’t supposed to pay, but sometimes the wages of sin are paid in bitcoin. Last week, Japanese police reported that 2018 saw a tenfold increase of cryptocurrency money laundering.

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Is Largely Unbanked Africa Primed for Bitcoin Adoption?

For many of the unconverted in the so-called developed world, Bitcoin is seen as something for speculators at best and criminals at worst. However, as the highly respected Bitcoin evangelist Andreas Antonopoulos argues, one of the most revolutionary adoption cases for Bitcoin won’t be in the United States, UK, or Australia.

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Bitcoin (BTC) Enjoys Growing Popularity in Kenya Despite Cryptocurrency Ban

Despite all odds stacked against it, Bitcoin is witnessing growing adoption in Kenya, where a sizeable share of the population remains unbanked

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Paxful Investing in Young African Leaders by Building Schools With Bitcoin

Paxful CEO Ray Youssef plans on building 100 schools in Africa. Two schools have already been built in Rwanda, while a third is currently in development.   Paxful is a peer-to-peer Bitcoin marketplace that directly connects those looking to buy with those looking to sell, with a special focus on the unbanked and underserved world.

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Living on Bitcoin for a Week in San Francisco

When I decided, maybe against my better judgement, to live on bitcoin for a week, the plan was met by a combination of cautions and jokes from friends and loved ones: “Just don’t starve,” “Well, it’s the New Year, a perfect time to start a new diet,” “Will you be able to eat?”, “Have you really thought about it?”I had “really” thought about it and it seemed not only sensible but necessary.

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Is Valor Really Planning a “Hostile Takeover” of $14 Billion XRP?

A report by media outlet Axios claims that an unknown startup named Valor Foundation is attempting to launch a hostile takeover of the cryptocurrency XRP. This would be the first hostile takeover attempt in the cryptocurrency space.

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Living On Bitcoin Day 2: Being “Unbanked” Has Been Easy … But Also Hard

This is the second instalment of reporter Colin Harper's "Living on Bitcoin" experience in San Francisco. Find out what happened to him on Day 1 here. I woke up on Christian’s couch stiff-necked and cotton-mouthed.

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The Struggles and Successes of Introducing Crypto to the Unbanked: A Social Experiment in Colombia

How cryptocurrency can help the unbanked has been a hot topic over the past 12 months. It is a laudable goal, but one that it is by no means easy to accomplish. One tech enthusiast and stablecoin startup employee, Steven Gilbert, experienced the struggles – and successes – of attempting to do so when he […] The post The Struggles and Successes of Introducing Crypto to the Unbanked: A Social Experiment in Colombia appeared first on Bitcoin News.

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Unbanked Iranian University Students Turn to Bitcoin to Pay Tuition

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RSK Merges With New RIF OS, Opens Potential for Increased Interoperability

Bitcoin-built smart contract platform RSK (a. k. a. Rootstock) is merging with an offshoot established by its founders. The partnership will allow it to spread its roots to Ethereum — and beyond.

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RSK Merges With New RIF Labs, Opens Potential for Increased Interoperability

Bitcoin-built smart contract platform RSK (a. k. a. Rootstock) is merging with an offshoot established by its founders. The partnership will allow it to spread its roots to Ethereum — and beyond.

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Revolutions and Counter Revolutions: Andreas Antonopoulos Reflects on 10 Years of Bitcoin

As Bitcoin approaches its 10th anniversary, its community, old and new, has begun taking stock of how a decade has come to alter or define the cryptocurrency — and what Bitcoin has done to alter or define the decade.

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BlockFi Announces Global Expansion of Its Crypto-Backed Loan Services

Galaxy Capital–backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience.

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HUOBI Group Sets up Shop in Africa, Middle East and South Asia

Huobi Group revealed at the World Blockchain Summit in Dubai that the company is looking to expand its operations to the Middle Eastern, African and South Asian markets in a bid to provide services to its unbanked or underbanked residents.

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Bill & Melinda Gates Foundation Bets on Ripple and Coil to Bring Financial Services to the Poor

Bill & Melinda Gates Foundation’s efforts to extend financial services to billions of unbanked and underprivileged people around the world gained new momentum after it struck a deal with San Francisco based blockchain firm Coil.

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PR: CrowdForce Launches ICO For Blockchain Based Agency Banking & Data Collection Platform

94% of Transactions are done offline and 3 billion people are underbanked and unbanked in Emerging Markets “CrowdForce” Announces Launching of ICO For Their Blockchain Based Agency Banking & Data Collection Platform Mahe – In 2016 Alphabet’s CEO, Eric Schmidt predicted that “the next $100 billion company will be driven by crowd-based solutions.

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Ryan Taylor of DASH Is Going Nowhere Without A Fight

DASH has been a top five performing coin in the market over the course of the last 30 days when measuring its performance relative to Bitcoin, despite the fact that community members were calling for Ryan Taylor’s head three weeks ago.

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Cryptocurrency That Works Without Internet, mCoin Launches In Africa

London-based ONEm Communications has announced the launch of its mCoin program across Africa. Designed to be a hybrid currency, mCoin is a digital currency that can be transferred over text or through the smartphone app.

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A Third of Humanity Remains Financially Excluded

Unrestricted access to financial services is one of the main preconditions for achieving economic freedom. However, large portions of the planet’s population, especially in the developing world, remain excluded from the traditional banking system.

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Paxful CEO Ray Youssef Shows How Bitcoin Can Be Used for Social Good

Can bitcoin be used for social good? If anyone thinks so, it’s Ray Youssef, the CEO of peer-to-peer bitcoin platform Paxful. A successful entrepreneur in the crypto and blockchain space, Youssef comes from humble beginnings and understands the importance of maintaining control over one’s finances.

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Binance Wants to Invest in Africa, Reaches Out to African Projects

Africa is a market of over 1. 2 billion consumers, with fast growing developing economies and hundreds of millions of unbanked people. As such, the continent offers plenty of opportunities for new crypto ventures and Binance is eager to tap this market.

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CAPVERTO Exchange is Offering Crypto Insurance to the Unbanked

Digital currencies have remained a popular investment tool since Bitcoin first came on the scene 10 years ago. For many, they are considered as stores of value and are highly appreciated due to their limited supplies.

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Paxful Bitcoin Exchange Launches Plans to Help Venezuela’s Unbanked Citizens

Bitcoin Exchange Paxful Plans To Target Venezuela’s Unbanked Paxful, a P2P Bitcoin exchange, has been trying to find new markets and it looks like Venezuela might be one of them. The company has recently revealed to the media that it has plans to open an office in Venezuela, a country that is currently ridden by […]

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Bitcoin Exchange Paxful Reveals Plan to Reach Venezuela's Unbanked

Paxful says business is surging in developing nations, where mobile phones are abundant and cheap, but access to exchange platforms remains scarce.

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[promoted] Earning Bitcoin From the Sun

There are over 600 million Africans living without electricity despite an abundance of sunshine and hundreds of thousands of solar projects on the drawing board.

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“Economic Sovereignty” Through Bitcoin: Max Keiser and Stacy Herbert

When it comes to cryptocurrency, it seems that there are always two sides of the (bit)coin. On the negative side, there’s everything that can go wrong.

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Coinbase CEO Brian Armstrong Launches Cryptocurrency Charity Fund

On June 27, 2018, Coinbase CEO Brian Armstrong announced his new cryptocurrency charity fund, GiveCrypto. Armstrong established the philanthropic venture to financially empower people with direct cryptocurrency distributions.

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Coinbase UK CEO: Crypto is a ‘Global Revolution’

Coinbase U. K. CEO Zeeshan Feroz said that the announcement of Ethereum Classic was more successful than Bitcoin Cash at the CryptoCompare MJAC 2018 conference today. He also spoke on the use of mobile payment networks to bring financial services to the unbanked, criticized the current financial payments system, and gave a roadmap to achieve widespread.

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