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Bitcoin headline news and analysis soon [Music] [Music] [Music] [Music] [Music] [Applause] [Music] [Music] [Music] [Applause] [Music] riding through this night with you I’m high up when I’m with you so hold my hand don’t take it through I’m high your wedding with you you know I’m hard went away we do we do [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] BMW uses the van chain public blockchain for DAF verify car in automata V magazine which among other things reports on it trends in the automotive industry a very interesting article was published in the latest issue for all fans of blockchain technology and especially for the community of the cryptocurrency of F Jane according to the report which is based on forecasts by Simon cutter and partners the market volume for the blockchain in the auto industry is expected to reach 104 billion euros by 2030 part of this will fall on the category of taps so-called distributed applications not only smart phones and computers collect data but also cars store more and more information and process it further but on the used car market there is a big problem manipulated mileage with the help of the VAT chain public blockchain and adapt verify car from BMW this problem should be solved vehicle owners can use the collaboration of BMW and Vette chain to transfer important information such as mileage or service and repair history verified and validated via the blockchain manipulated mileage should cause an annual damage of 6 billion euros mileage manipulation is an enormous problem according to an attack study every third used vehicle sold in Germany drives with a manipulated speedometer and the annual damage amounts to more than 6 billion euros says Sihon Alba head of the BMW Group at tech office in Singapore opposite autumn oddity in the long run this leads to a loss of customer confidence which is to be maintained using blockchain technology the verify card app would record not only the mileage but also all other activities of the vehicle and store it on the VAT chain public blockchain a chain Thor in the future customers of the BMW Group should be able to assign an individual QR code for each car this is linked to the respective car and can be scanned to obtain necessary information such as the mileage even though everything has already been technically tested it is not yet clear when the application will be ready for reduction tell us what you think about BMW using the VAT chain public blockchain for DAP terrify car in the comments section below thanks for watching the ohio bitcoin comm bitcoin news channel disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin calm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please click the like and subscribe buttons below it helps us to get more views thanks again see you with more bitcoin headline news and analysis soon the 4th largest private employer in the u.s. says no to visa may accept bitcoin it is official Kroger the twenty two dollars and 35 cents be the US largest supermarket chain by revenue complete with three thousand twenty eight locations effectively becoming the fourth largest private employer is officially tired of Visa credit cards like most centralized payment facilitators visa is quickly turning out to be fast high throughput but expensive for this reason the chief financial officer at the profitable supermarket chain Mike schlattman said they will no longer accept Visa credit cards at any of their Smith’s food and drug stores beginning April 4 food and drug stores has twenty thousand employees spread across seven US states operating in 134 branches visa has been misusing its position and charging retailers excessive fees for a long time at Smith’s visas credit card fees are higher than any other credit card brand that we accept crypto like Bitcoin is cheap and superior as a new innovation blockchain and cryptocurrencies including middlemen a role played by centralized fund transfer agents like Visa the funds transfer facilitator has infrastructure in place but because of the nature of their operations these are in similar companies charge a premium for their services in contrast cryptocurrencies are in the early stages of adoption although they may be volatile of which it will reduce when it is finally mainstream evidence shows that these networks are cheap fast secure and most importantly global that means fees are constant regardless of geography add that to censorship resistance these superior alternatives are immune to local socio-economic events like hyperinflation more about visa this is a blow to visa with five types of credit cards visa classic gold platinum signature and infinite the decision by Kroger may also change the mind of other chains if it becomes a global rally visa may be forced to reduce their fees as profitability tip despite their presence in more than 200 countries and accessibility from more than one point nine million ATMs visa is the largest credit card issuer in the world a visa spokesperson with a carefree attitude responded saying card holders are our first priority our goal is to ensure that every cardholder can use their Visa card wherever they wish to shop when consumer choice is limited nobody wins the visa network delivers significant value from merchants including access to more customers increased sales security and fraud protection a quick and convenient checkout experience and ongoing innovation and implementation of the latest technologies Kroger enjoys all of these benefits and there is a cost for these services like any other Anthony pomp Leon oh and Bitcoin lightning Network proposal while tweeting about this decision a co-founder and partner at Morgan Creek digital Anthony pomp Leon o said his team was ready to meet the kroger the aim he says is to hook them up with the ever expanding Bitcoin Lightning Network grocery store at Kroger is stopping acceptance of apps visa in over 250 stores because of network fees who knows someone on the leadership team there the Morgan Creek digital team will fly to meet them and get them hooked up with the Lightning Network nationwide % oi pump @ upon plea on o March 2nd 2019 moments later a product manager of the supermarket chain going by the Twitter name at Suffolk Nick said he was ready to make arrangements hey pump I’m a product manager at Kroger digital can confirm that Yale is the correct person to discuss this with I would love to set up a car verse Asian Nick at Suffolk Nick March 2nd 2019 hours later pomp confirmed their first call just finished up first call with someone on Kroger digital team world-class forward-thinking crew looks like things are progressing stay tuned boy pump at a pump Leon Oh March 3rd 2019 the Bitcoin lightning Network is a layer 2 solution that promises to scale the underlying settlement base it is a work in progress and in beta thanks for watching the Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin calm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more bitcoin headline news and analysis soon [Music] [Music] blockchain to be integrated into facebook login Facebook CEO Mark Zuckerberg reveals in an interview with Jonathan Zittrain a professor at Harvard that he’s willing to put the login on the blockchain Zuckerberg revealed that the technology could give the social media users cell powers when using and giving information access to third-party apps in May 20 18 the meteor giant formed a blockchain team headed by David Marcus ex vice president of messenger the primary objective of the team was to explore the best techniques to leverage blockchain technology with social network dot like many other companies Facebook is exploring ways to leverage the power of blockchain technology a spokesman revealed dot Facebook to create its own cryptocurrency last year the meteor giant was also delving into the possibility of creating its own digital currency for payments but this is the first signal that the company could incorporate blockchain as part of its login and data sharing system dot an and I interview Zuckerberg revealed confirmation was her use of the technology that is greatly interested in even though he hasn’t discovered the best way for this to operate the suggested system would substitute Facebook Connect with distributed ledger technology dot the system will enable users to select which apps to give access to and also set the limit of data shared various third-party services are already designing similar systems to safeguard individuals personal information but Facebook joining the bandwagon would be a substantial change in the field dot Zuckerberg further explained dot you basically take your information you store it on some decentralized demanda you have the choice of whether to login in different places and you’re not going through an intermediary there’s a lot of things that I think would be quite attractive about that dot in December Facebook began a struggle of hunting blockchain technology specialists to work on its new project as reported by coin atoll there has been much hype on the growing of startups and initial coin offerings established monthly and this triggers the meteor giant to join the trend if you enjoy this type of content please click the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon Bitcoin transactions about to hit all-time high the number of transactions per block for Bitcoin has reportedly exceeded levels set during January last year and could be on the right path for hitting an all-time high unfortunately Bitcoin isn’t on track for reaching its all-time high in terms of price but the transaction volume has gone up by around 34 percent since the start of this year in fact there has been an average of more than 350,000 that have been processed each day this year more than 234,000 Bitcoin transactions were recorded on 1st January and this number seems to have been on the rise over the past two months in December 2017 the Bitcoin network experienced more than four hundred ninety thousand daily transactions which were notably at the time of the historic crypto market bull run when the price of Bitcoin made tremendous gains to its all-time high of $20,000 even though the number of Bitcoin transactions has surged the price of the leading cryptocurrency hasn’t been able to recover to its larger prices adoption rate there are many experts that have argued that there isn’t a meaningful correlation between the daily Bitcoin transactions the cryptocurrencies price there are several factors that this could be down to such as crypto traders being able to easily short Bitcoin and having access to crypto derivatives like Bitcoin futures in addition to this the volume of Bitcoin transactions has increased due to the increasing popularity of the Lightning Network for those that are unaware the Ln is a two-layer crypto payment solution that allows digital asset transfers to be processed in a quicker and more cost-effective fashion furthermore the adoption rate for Bitcoin has seen a very significant increase of 700 percent over the last six years crypto payments the crypto security company based in Moscow Kaspersky Labs recently shared the results of one of its surveys which revealed that more than 10% of global shoppers had used Bitcoin or another cryptocurrency to pay for goods and services bought online even though cryptocurrency was still the least popular option for online payments the business lead at the Russian firm said despite a fall in cryptocurrency prices there is still a strong desire for digital transactions amongst consumers our consumer research has found a significant number of consumers are using Kryptos for payment which was surprising to see thanks for watching the Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin calm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more bitcoin headline news and analysis soon [Music] [Applause] [Music] [Applause] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Music] [Applause] [Music] [Music] [Music] [Laughter] [Music] [Music] [Music] pi PI pi PI pi PI pi PI pi PI pi PI pi PI pi PI pi PI pi PI pi PI [Applause] [Music] [Music] Bitcoin BTC transaction volume nears all-time highs despite gloomy market conditions following an extended period of sideways trading the cryptocurrency markets dropped today as Bitcoin failed to hold above its recently established support level at $3,800 BT C’s dropped below this level has led many cryptocurrencies to plunge 5% or more signaling that greater volatility is likely to come as the week continues on despite the current state of the markets analysts are quick to point out that the number of transactions per block for Bitcoin are nearing their previously established all-time highs that were set during the height of the bull run in December of 2017 Bitcoin BTC transaction volume continues surging clearly at the moment price action is not at all linked to transaction volume as Bitcoin is presently trading down 2% at its current price of 3,770 dollars while its transaction volume continues to surge mahdi Greenspan the senior market analyst at a Toro recently spoke to Bloomberg about the growing number of transactions noting that it gives the Kryptos bulls a reason to be optimistic what I’ve been watching lately are the number of transactions on the Bitcoin blockchain and the total volumes across crypto exchanges both of which are holding at their highest levels in more than a year even though we’re still officially in a bear market there is plenty of cause for optimism he explained earlier today Greenspan doubled down on his comments regarding the importance of transaction volume explaining in an email that Bitcoin is now processing an average of 4.05 transactions per second which is up significantly from where that number was this time last year volumes have subsided somewhat from the late February excitement and volatility remains subdued transactions on the world’s favorite blockchain however have seen yet another significant uptick as Bitcoin now processes an average of 4.05 transactions per second he wrote while referencing the below chart will bitcoins price ultimately be affected by the surging transaction volume although BTC price action has continued to be weak in recent times the surging transaction volume as greenspan noted may leave room for some excitement among embattled BTC investors moon overlord a popular cryptocurrency analyst on twitter recently spoke about the surging Bitcoin transaction volume and questioned when the price will reflect the surge in adoption number of transactions per block for number Bitcoin now nearing the high reached in December of 2017 dollar BTC usage near an all-time high when’s the price going to catch up number of transactions per block for number Bitcoin now nearing the high reached in December of 2017 dollar BTC usage near an all-time high when’s the price going to catch up pick twitter.com/zeromd FP TM moon overlord at Moon Overlord March 3rd 2019 historically there has been a loose correlation between price and transaction volumes but clearly in this situation correlation does not equal causation and BTC transactions may simply have risen during bull runs due to the influx of new investors using the cryptocurrency despite the current number of transactions not being reflected in BT sees price it does signal that the cryptocurrency is garnering greater adoption and used despite the gloomy market conditions and bulls are hopeful that this increased adoption will ultimately be reflected in the digital assets price of speculators exit the markets thanks for watching The Ohio Bitcoin com Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any losses or gains has the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private Keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon come on holy Christ BTC undervalued by merely dollar 34k according to infamous decline bitcoins recent bullish rally has helped the leading crypto asset returns a meaning after dollar 6k support was penetrated by bears given its potential it’s clear to see that Bitcoin is currently under valued by most analysts standards Bitcoin price predictions placed the number-one crypto by market cap in the hundreds of thousands with some estimates reaching a staggering 1 million dollars the United States dollars such an estimate was made by the eccentric cybersecurity expert earned crypto influencer John McAfee who offered to eat his own dick on national television if his prediction didn’t come true by the end of the year 2020 since that bold claim was made the crypto community has been watching Bitcoin price closely tracking and in accordance with the map if he declined according to the infamous decline Bitcoin is currently nearly dollar 34k undervalued Bitcoin falling short of declines trajectory to mcih fees 1 million dollar prediction back in July of 2017 before Bitcoin price truly went parabolic finder of antivirus pioneer McAfee labs John McAfee made the claim that it would reach 500,000 dollars for BTC within three years he later revised his estimate based on a new prediction model due to how quickly the cryptocurrencies value skyrocketed and changed it to 1 million dollars by the end of 2020 he also reiterated his commitment to his wager when I predict a Bitcoin at five hundred thousand dollars by the end of 2020 if you dollars by the end of 2020 I will still leave my dick is wrong pic twitter.com WB x3 enamored with the wild yet confident prediction that a website was developed called declined in that was Daniel for PTC related reading Bitcoin bottoms doesn’t matter last time Jen residential running 2020 a crypto backed fiat currency that adorns his likeness and his going into exile to avoid paying new taxes to the IRS however outspoken superb a beacon creator of satoshi info Jamison lab didn’t forget and recently called attention to how Bitcoin is grossly undervalued according to the decline trajectory Bitcoin is now undervalued by an order of magnitude according to HTTP colon slash slash T V o /y MV y an HQ jb5 picked twitter.com CN 3 old buzz Jameson lop at lop February 22nd 2019 according to the site Bitcoin price is currently eighty nine point five one percent below where the leading Kryptos value would need to be to reach 1 million dollars by the end of 2020 for Bitcoin to reach such a milestone it should currently be valued at thirty seven thousand seven hundred ninety seven dollars according to the site the number one crypto by market cap is currently trading at around three thousand nine hundred thirty dollars suggesting that BTC is undervalued by nearly dollar thirty four K related reading John McAfee interview Bitcoin will become the gold standard while many believe that Bitcoin will indeed reach incredible value if its potential is ever fully realized a $1,000,000 per BTC prediction may be unreachable as it would put its market cap somewhere around twenty one trillion dollar dollars if it doesn’t reach the lofty goal set by McAfee crypto enthusiasts will be disappointed Bitcoin didn’t reach it but they’ll surely be tuning in to watch McAfee stay true to his word on national television thanks for watching The Ohio Bitcoin calm Bitcoin news channel disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither Ohio Bitcoin comm nor the author is responsible for any Azure gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please click the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon in The Daily Colorado Digital toe connect ID funds crypto index fortress blockchain in this edition of the daily we cover new legislation that could make Colorado more attractive to digital businesses and token issuers the launch of a new cryptocurrency index fund and the latest miner to succumb to crypto winter also read UK regulator 3% of consumers surveyed have bought cryptocurrency Colorado digital toe connect the governor of the u.s. state of Colorado has signed the crypto a friendly digital token Act into law the Act which was was introduced in January is a major step towards creating a hospitable regulatory environment for the digital assets industry to establish itself in Colorado this is because it extends certain exemptions from state securities laws for cryptocurrencies making businesses less hampered by antiquated rules explaining the rationale for the exemptions the document notes that Colorado has become a hub for companies and entrepreneurs that seek to utilize crypto Kannamma systems to power their business models the costs and complexities of state securities registration can outweigh the benefits to Colorado businesses seeking to raise capital and create new platforms within the digital economy this Act will take effect following the expiration of a 90 day period after final adjournment of the Colorado General Assembly the state’s legislature expected to occur on August 2nd 2019 exciting day for number blockchain technology at give off Co at CH erectus sign the number Digital toe connect today with key legislators attorney-general at queer sir and number Colorado cabinet members patty Salazar with Adam Colorado at Betsy Markey with edit and at Teresa Surikov at Colorado pick twitter.com air load be Teresa sir act at Teresa sir act March 7th 2019 ID funds crypto index investment management platform ID funds has launched its own crypto index fund based on an index administered by M V index solutions M V is the new fund aims to give institutional investors diversified access to the crypto market through exposure to selected assets among the 30 most capitalized cryptocurrencies including BTC F x RP B CH and LTC to be included in the index assets must be traded on licensed exchanges with proper liquidity and available for insured cold storage capping each asset at 15% on a quarterly basis is meant to keep the index suitably diversified forretress blockchain succumbs to crypto winter fortress blockchain a Vancouver based company listed on the TSX Venture Exchange has exited the cryptocurrency mining business the company has announced its deactivated all mining Hardware located at its Grant County facility on March 5th 2019 fortresses management has determined that the marginal profitability of cryptocurrency mining and the risk of further decline along with increased regulatory costs and oversight does not justify continued operations fortress still has over cat ten million dollars left under its control and plans to re-establish itself enough yet to be determined business sector additionally management is now looking for the most effective way to sell the mining equipment to recoup some of its investment and losses it is anticipated that the company will soon change its name in order to no longer be associated with the term blockchain what do you think about today’s news tidbits share your thoughts in the comment section below thanks for watching The Ohio Bitcoin com Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price the articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither ohio bitcoin calm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more bitcoin headline news and analysis soon how to keep Bitcoin top five types of Bitcoin wallets you can use right now choosing a Bitcoin wallet is no longer just a matter of choice in favor of security or simplicity using different wallets for different purposes is becoming common same as using of different bank accounts when working with currencies like a US dollar or euro a few years ago there were several major types of wallets and new developments in this sphere continued to appear nowadays the process of choosing a wallet has become more complicated than before here we will try to carry out a brief classification of wallets according to their purpose a bitcoin wallet is a pair of two large and complex numbers the first one is a public key it is your wallet or address to send or receive bitcoins the second one is private key it’s encrypted and not intended for public access a private key serves to confirm transactions on blockchain types of Bitcoin wallets you need to download and install a special application on your computer for using a wallet in this case you will have local storage for the key file and you will need to work with the security settings by yourself there are several types of Bitcoin wallets web wallets online wallets mobile installs on smartphones etc local installs on a PC or laptop hardware has a separate device paper in addition to previous classification of wallets there is also a division into colder hot wallets you need to download full blockchain and constantly upload new locks for using cold wallet this type of wallop has a number of drawbacks for the average user download takes a lot of time more than a day when first used the entire transaction registry is loaded starting from the first day of Bitcoin existence the volume takes about 100 GB of space on your HDD device because it includes the entire bitcoins blockchain there is a risk of a complete an irretrievable loss of the wallet itself if the hard disk is damaged so you need to make a reserved copy for safety on another device you do not need to download the entire history of the transactions while using a hot wallet you can operate with all the necessary data on third-party services this method is convenient when using the wallet on a smart phone but security level is much worse than cold because you will need to entrust a part of the necessary data to third-party services web wallets online wallets online Bitcoin wallets has several advantages you do not need to download blockchain you can manage a wallet on a different devices you will be able to operate with translations to other users by using an email address or a phone number you can also send notifications on use address books but no matter how good it is you should not forget that using any online wallet means entrusting your funds to a third party service therefore the safety depends not only on yourself if this service would be hacked your coins can be stolen examples of the most popular online wallets can basa blockchain come kripp topic Sapa bitpay there are some cases that the owner is not a very confident computer user and cannot properly configure the protection of his wallet or the computer is too weak to use the cold wallet and maybe a person just does not want to install programs on the computer since he does not operate with large amounts mobile wallets mobile wallet is installed on smartphones that runs on iOS or Android mutual settlements can be carried out using QR codes or NFC technology Android based wallets at the moment you can choose from a variety of different Android based wallets since Bitcoin wallets are sometimes blocked by Apple developers are much more focus done developing wallets for Android 1.15 wallet it works offline on Android you can quickly make a transfer by scanning the QR code or using NFC the integrated calculator can help you to convert BTC to any another currency it has a possibility to create an address book on the most frequently used addresses – dot mycelium it is considered one of the most popular Bitcoin wallets for Android it is very easy to use you can also easily create backup copies a very detailed guide is provided with the application three dot breed wallet it is a great Bitcoin wallet for the iPhone which was recently introduced in the Android version wallet allows you to manage private keys with an easy to use user interface for dot edge wallet it is an easy to use Bitcoin wallet for iPhone and Android convenient authorization allows you to easily cope with the application the wallet automatically backups so you don’t have to worry about it five green bits it is a native Android version of the green address wallet this is a multi signature wallet that also supports trees err and ledger hardware wallets iOS based wallets in February 2014 Apple banned all Bitcoin wallets on the App Store but changed its mind after a couple of months fortunately now there are many options available for iOS users in addition to the breed Willet an edge wallet there are unique purses which are also good coinbase it supports a lot of cryptocurrencies like a Bitcoin or ethereum there is a possibility to buy cryptocurrency by Fiat it has many features like a real-time or historical price charts for supported currencies high-level security measures chart alerts you can use coinbase on a different devices there are available web Android and iOS versions – blockchain this is a free wallet which can be used across a wide range of devices including an iOS it is fully open source at the same time it is very secure none of the leading security researchers has been successful in cracking its security measures three co-pay this a product of bid paid very reputed in this field this wallet was originally built to handle its company’s funds and that tells a lot about its security it is open source also supports multiple languages local wallets as we said earlier wallets are divided into cold and hot now let’s discuss a couple of examples among the cold wallets we consider Bitcoin core as well as an application that extends its functionality Bitcoin core if you are not sure which wallet to use then choose Bitcoin core this application has a high level security confidentiality and it’s works tabla this is an official BTC client but it has a large resource intensity experts advised to keep it constantly on for supporting the Bitcoin system it allows other nodes to connect to you if for this application your computer or laptop is weak then for such cases there are other Bitcoin wallets the special features of Bitcoin core include the fact that the wallet.dat file is used to store your BTC addresses in private keys the file can be encrypted using a password you can import and export keys and you can sign messages armory for Bitcoin core armory carries out its work on top of Bitcoin core and expands its functionality you need to install the official Bitcoin core client and synchronize the blocks before using it armory is easy to use along with improved security under your control there may be several wallets it will reliably protect your data from internet attacks plus provide the use of storage offline with armory you can create messages that you can sign using the bitcoin private key address this is necessary so that the recipient knows that this message was sent by you for a hot wallet as we said earlier the download of the entire blockchain is not required all data is available on the service server these wallets are very easy to manage from a laptop or tablet electrum this is one of the most popular Bitcoin wallets for personal computers it is very fast and easy to use well Facebook become the biggest name in crypto you could call Facebook a technological pioneer their model for the social network has truly changed the world the next step in Facebook’s progression will see the man to the blockchain industry with rumors suggesting that one day Facebook wants to use crypto based currencies to become the biggest central bank in the world Facebook have designed a platform that is used by millions of people on an hourly basis it’s so ingrained in our lifestyles that Facebook exists across our devices our telephones or televisions our computers and what next our cryptocurrency wallets the big question for the majority of the crypto community is how will Facebook actually go on to integrate themselves as a part of the cryptocurrency community will they design a wallet to allow their users to store cryptocurrency will they design their own cryptocurrency will they adopt Bitcoin or will it be something else perhaps a Facebook LED remittance payments system if you haven’t got the idea yet the possibilities are truly endless when it comes to Facebook’s role within cryptocurrency because they have the technology and most importantly the financial backing to do whatever they want they can launch new crypto products in an instant realistically the really important thing to consider something that is bigger than Facebook’s financial strength it’s their adoption then use a basin the sheer number of people that use their platform during the last quarter of 2018 Facebook recorded over two point three two billion monthly active users yes that’s active users so this doesn’t include Facebook users that have accounts but don’t use the platform on a regular basis now imagine the scale of a cryptocurrency project that is used by 2.3 to billion users per month a Facebook lad central bank according to a new blog post by Lance then Facebook could plan to become one of the biggest central banks in the world Facebook could do this through the introduction of a cryptocurrency service all things considered a Facebook led central bank does seem like a logical next step and it could mean very big things for crip to currency adoption between messenger whatsapp and Instagram which face spoke loans there are a collective 2.7 billion users if Facebook decides to back the value of its own digital with a basket of foreign currencies then it could potentially become the largest central bank in the world because that’s what central banks do print money backed by a basket of foreign currency reserves furthermore not only will this become monumental in world economic history it is also going to become a serious and rapid threat for the existing Giants of the finance industry if facebook issued its own digital currency and all its users had a Facebook mobile wallet with Facebook coins in it then the need for credit cards will diminish more and more you make a purchase online you pay for it with Facebook coins many apps have already integrated user sign in with Facebook accounts payment is just another step away this is a solid theory based off solid grounds Facebook may not intend to become a central bank but through the launch of their stab LaPoint for what’s happened messenger Facebook would essentially become a hub for huge amounts of money transfer in a range of different fiat currencies this in turn would make them a central bank in a symbolic sense at least we do know that a Facebook coin will launch though Facebook are yet to announce what the true nature of this coin will be many believe that it will facilitate some ecommerce payments online shopping will become a two-step process and Facebook apps I see I like I click buy I hit confirm Facebook coins move from my mobile wallet to the seller immediately there will be no exchange rate spreads and far lowered transaction fees social networks instant messaging and e-commerce will become truly integrated you consumers will come to expect the convenience of to click transactions existing ecommerce platforms using traditional payment gateways will have to adapt to compete the true implication of this a faster and more efficient online shopping experience backed by a cryptic Iran see that is easy to use easy to access and cheap to run the question this then poses will this eventually led to the adoption of Bitcoin if facebook do design as tablet point for e-commerce purposes will it be tradable against Bitcoin probably not or not for the near future at least by lack of regulation for Bitcoin and traditional cryptocurrencies means that Facebook will always be uncertain about how they can adopt Bitcoin but still remain within the boundaries of the law moreover because bitcoin is legal in some countries and illegal in others it would be impossible for Facebook to actually police who is trading Bitcoin with establish something that in turn could cause problems such as Facebook becoming a platform very illicit trade too much like Silk Road Facebook faces a real dilemma here it has gotten a lot of public backlash for selling user data in recent years but if it swings to the other extreme and guarantees absolute privacy like rivals telegram and signal then it could potentially become another Silk Road the internet black market that first popularized Bitcoin when users started using it to buy and sell drugs Facebook are set to become the biggest name in cryptocurrency though as it stands nobody really knows how they are going to tackle this the design of a Facebook coin is under way though the true intentions for this coin are still unclear as we delve deeper into 2019 hopefully it’s just a case of waiting to find out thanks for watching the Ohio Bitcoin calm Bitcoin news channel today we appreciate you spending some of your valuable time with us disclaimer price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice neither a ohio bitcoin calm nor the author is responsible for any losses or gains as the ultimate decision to conduct a trade is made by the reader always remember that only those in possession of their own private keys are in control of their own money if you enjoy this type of content please smash the like and subscribe buttons below it helps us to get more views thanks again see you with more Bitcoin headline news and analysis soon u.s. supermarket chain Kroger ditches visa and considers bitcoins Lightning Network as a replacement major us-based retailer Kroger has announced it will no longer accept Visa credit cards that it Smith’s food and drugstores because of exorbitant fees Anthony pump Leon o tweeted a suggestion to hook them up with bitcoins Lightning Network countrywide and it appears like Kroger may be taking up the offer an issue with excessive fees the Cincinnati based Kroger that operates 143 food and drug stores across seven states and employs over 20,000 people began that debate with a March 1st 2019 announcement that it was no longer going to accept Visa credit cards as a result of high fees according to Boston 25 News Kroger brands would stop accepting Visa from April 3rd 2019 in some states and will explore other options to cut down on the costs incurred by Visa Kroger CFO Mike Schladming lamented that the card fees charged by payments tightened were higher at Smith’s than any other credit card brand adding that Visa was due to increase its processing fees in April he explained Visa has been misusing its position and charging retailers excessive fees for a long time saw an opportunity it was under those circumstances that Morgan Creek digital founder Anthony pomp Liana saw an opportunity and quickly tweeted back suggesting the crypto alternative grocery store at Kroger is stopping acceptance of EPs visa in over 250 stores because of Network fees who knows someone

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