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Bitpapa – Business and Private Gateway in a P2P Crypto Payment Reality

The crypto industry may have taken a backseat to its blockchain technology in terms of application and media coverage, but the use of cryptocurrencies continues unabated. Businesses and individuals are turning to cryptocurrencies to make daily transactions and the use of Peer-to-Peer trading venues is taking center stage for such operations. True to the original ideals of the blockchain industry, P2P cryptocurrency transfers are fully decentralized, transparent and, most importantly, without intermediaries.

With the volume of cryptocurrency transactions growing in developing countries, Bitpapa – a leading P2P platform – is offering a unique and convenient instrument to quickly track the integration of accepting cryptocurrency payments.

All in Widget

As one of the leading P2P service providers in Africa and a fast growing company, Bitpapa provides its customers with a simple and holistic solution, ideal for companies looking to break into the crypto domain. Bitpapa offers a widget integration software package for any type of website that accepts payment from customers using various methods.

The workflow and customer journey in a merchant feature using the Bitpapa solution adds to existing payment methods the option to pay via P2P transfer using one of the popular local banks in the host country. This approach offers customers the convenience of resorting to classic card payment and processing along with cryptocurrencies when purchasing goods and services on merchant websites. From the seller’s point of view, the integration of the Bitpapa software suite allows them to reach the crypto user audience and thereby expand their customer bases.

If the customer opts for P2P transfer to make the payment, he will be provided with a bank card number for transferring the value of his order. In essence, the procedure boils down to a simple card-to-card internal bank transfer, freeing customers from paying commission fees and merchants from incurring acquisition charges. These P2P transfers usually take less than 30 seconds and customers receive payment confirmations that allow their orders to be processed.

Traders using the Bitpapa software suite gain access to a personal account containing their wallet with a display of cryptocurrency balances. The latter are reflected in the currency that the merchant uses, allowing the instant conversion of customers’ cryptocurrencies into fiat currency. The app currently supports Bitcoin, USDT stablecoin and Monero as a means of payment. Merchants are free to withdraw funds from their balances at will to any external digital wallet or bank account.

The commercial benefits

In addition to expanding the audience from customers to crypto users, companies receive a number of other advantages when applying the Bitpapa service for their crypto acquisition needs.

The first and foremost benefit is the service’s competitive pricing and commission policy, which makes it considerably cheaper than traditional payment processing systems. Bitpapa charges a flat fee for withdrawing payments, as opposed to a percentage withheld by traditional processing gateways.

Another notable advantage of using Bitpapa is the complete independence from the traditional financial and banking system – a true feature of the main qualities and principles of the blockchain industry. Merchants often have difficulty negotiating terms with banks regarding commissions and have to deal with often lengthy processing times. Transactions processed on Bitpapa are almost instantaneous and, as a result, save traders considerable time and effort.

However, the most important advantage of the Bitpapa suite is its versatility, which includes over a hundred different payment methods. The integration of such a wide variety of payment gateways opens up immense opportunities for merchants and gives their customers almost complete freedom to choose how they want to pay, ranging from bank cards to e-wallet services.

Peer-to-peer trading as a must

The proliferation of blockchain technologies and the adoption of cryptocurrencies is increasing worldwide, especially in developing countries. Wise merchants will realize that reaching such a tech-savvy audience of potential buyers, courting them with the ability to pay using cryptocurrencies, is a sound and profitable business move.

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North Kingston Police Talk About Growing Crypto Scams

Crypto Scams: Will They Stop?

Cryptocurrency scams are nothing new. In fact, they have practically been around since the industry was developed almost 15 years ago, but never before have they taken such drastic and varied forms. For example, among the most prominent forms of digital currency scams in recent times are romance scams, which aim to target those looking for love online.

Many cryptocurrency scammers will create fake or fake “love” profiles online. They get closer to their victims and build long-term relationships. They get to know them, make things very personal and clear, and before long (after gaining the trust and attention of their victims), they tell the other parties about new “fantastic” cryptocurrency investment opportunities and that it would be a foolishly avoid getting in on the action.

From there, victims feel compelled to put money into the platforms, and they do. At first, they finally see gains and start to get excited. In many cases, they invest more money when they see the numbers go up, but when they try to make withdrawals or withdraw money, problems arise. They often hear that they should invest more, and before long, they realize what happened.

The platforms were controlled by illicit actors and there is little to no chance of them getting their funds back. Steve Weisman, author of “Identity Theft Alert,” said in a statement:

   The elderly are often the target of this and unfortunately they end up losing a lot of money. The cryptocurrency companies that own these ATMs don't want to work with criminals and put the warnings right there on the ATM, which is fine if someone you know is going to give that moment of hesitation.

How to talk to bank tellers

According to him, the fraud in question is carried out through bitcoin ATMs in convenience stores and grocery stores. However, victims are sometimes forced to withdraw money from their banks, and the scammers have given them a list of things to say in case bank tellers ask questions or appear suspicious in any way. Weismann said:

   They will tell people not to respond to certain things. That 'No, I am aware that this is legitimate, this is a business transaction.' and it is often very difficult to deter them.

Ultimately, while the crypto space seems to be growing like never before, crime focused on its fringes is also expanding.

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Bitcoin develops a $ 35,000 prize in Argentina

Bitcoin is quoted with a prize in Argentina, with a bitcoin that costs $ 35,000 more than the global price due to the country’s rampant inflation and the strict capital controls.
A bitcoin is $ 35,000 more expensive in Argentina than anywhere else in the world, according to the price data of two of Argentina’s largest cryptographic exchanges.

Ripio, which has 4.5 million users, says that the current purchase price of Bitcoin is 13,800,000 ARs. The selling price has a difference of one million ARs, or $ 5,000, with 12.8 million air.

Your nearby competitor, Buenbit, says you can buy a bitcoin for ARS13,738,800.00, or $ 62,000. Bitcoin’s current global price is $ 27,000.

This is the greatest cousin we saw in amounts of dollars; Therefore, to validate, we ask some Argentine Cryptonians who have confirmed that a bitcoin is currently quoted for about 14 million air.

This is because the official exchange rate between USD and ARS is not the market rate. On the other hand, it is only available to employees in the middle of the current market rate of 483.00 air per blue, as Argentines call the real exchange rate to USD.

The officer, Dollar Banco Nacional (Dollar BNA) is in 218, according to Ambitio, a financial newspaper in Argentina.

The tokenized dollar, such as USDT or USDC, is even more expensive than the market rate for 502 ARs per token, according to Buenbit.

The reason is presumably because you can transfer USDT or USDC much easier than money in cash or dollars.

Argentina has rigid capital controls with any individual capable of buying only $ 200 from USD and requires permission to transfer it out of the country. Similarly, companies must obtain authorization from the Central Bank of Argentina to access the exchange markets.

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Rich Dad Poor Dad Author Predicts Bitcoin Price Explosion to $100,000

Bestselling personal finance author Rich Dad Poor Dad Robert Kiyosaki predicts a massive rush into Bitcoin (BTC) as he says more people are gearing up for the top crypto asset.

Kiyosaki tells his 2.4 million Twitter followers that Bitcoin will rise over 257% from its current value of $27,973.

He predicts that Bitcoin will eventually trade for $100,000, in part because he believes people will increasingly prefer the crypto king to the US dollar following a series of Federal Reserve interest rate hikes aimed at reducing inflation. .

He also says that Bitcoin is fundamentally sounder than traditional financial institutions like banks, which took government bailouts to stay afloat.

“WHY I USE BITCOIN: Years ago I saw BTC rise to $20,000 and then drop to $0. I thought BTC was over. I slowly watched BTC rise to $6,000 and bought a lot. WHY? Because people support BTC, not the FED or the government. BTC didn’t need the FED or government bailout because BTC people’s money. BTC to $100,000. Long live BTC.”

Bitcoin bull previously predicted that Bitcoin will eventually trade for over $100,000, predicting that the value of BTC will reach $500,000 by 2025.

He said BTC’s rally will largely be fueled by the Federal Reserve’s easing of monetary policy and the injection of liquidity into markets.

“A giant showdown is coming. Possible depression. The Fed was forced to print billions in counterfeit money. By 2025, gold at $5,000, silver at $500, and Bitcoin at $500,000. Why? Because faith in the US dollar, counterfeit money, will be destroyed. Money from the gods of gold and silver. Bitcoin [is] the people’s money. Be careful.”

Kiyosaki also said that of all crypto assets, Bitcoin is one of the most attractive, as US regulators are likely to view Bitcoin as a commodity like gold, silver and oil.

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India to facilitate international payments in rupees to reduce reliance on the US dollar

The Indian government has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trade policy implemented on April 1st, the country introduced this measure to facilitate payments to countries with a falling US dollar.

India to offer rupee-based settlement options for international trade

The Indian government is introducing new settlement methods other than US Dollar for international trade. The new foreign trade policy guidance, implemented on April 1, includes a new option to settle payments in Indian Rupees, giving countries facing a drop in the US dollar a way to continue doing business with the country.

The new directive would aim to help countries such as Sri Lanka, Bangladesh and Egypt, which are struggling to obtain US dollars to continue exchanging goods with India. Commerce Secretary Sunil Barthwal said the move would help those countries hedge disaster against a hypothetical dollar drought.

The move is part of New Delhi’s efforts to profile its currency globally. In this sense, the Indian Department of Commerce explained that this new foreign trade policy plan is designed to “work towards making the Indian rupee a global currency, adding further impetus to India’s emergence as a world trading center”.

Countries moving away from US dollar hegemony

India is the latest in a list of countries that have taken some steps to move away from using US dollars, at least for international business. China, which is part of the BRICS bloc, which is also integrated with India, Brazil, Russia and South Africa, has also been promoting the use of the Chinese yuan as part of an international policy of de-dollarization.

At the meeting between Chinese President Xi Jinping and Russian President Vladimir Putin as part of Xi’s visit to Russia on March 21, Putin supported the use of the Chinese yuan to settle payments with emerging economies in Asia, Africa and Latin America. Also, more recently, China signed an agreement with the Brazilian government to get rid of the dollar in its bilateral agreements, replacing it with national currencies.

Other blocs are also contemplating ways to lessen their reliance on the US dollar. ASEAN, the Association of Southeast Asian Nations, a bloc that includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam, is pressuring its members to use national currencies for payments, as those who fear the US secondary sanctions for failing to impose a trade ban on Russia.