Day: July 3, 2017

Bitcoin enthusiasts are keeping a close eye on SegWit2x. This scaling proposal now finally has a beta protocol, which was introduced on Saturday. It is evident the team still plans to go ahead with their user-activated hard fork. At the same time, a new UAHF proposal is making the rounds, known as Bitcoin ABC. It … Continue reading SegWit2x Beta Protocol and new UAHF Proposal Have Been Released

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And we are off on a fresh week of trading in the bitcoin price and – with any luck – we’ll get another good one moving forward. Things were a little bit volatile over the weekend, as brought about by some activity in the Ethereum space. The impact on bitcoin long term of what happened … Continue reading Bitcoin Price Watch; A Fresh Week Of Trading Begins

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Hello and welcome to News BTC’s Market Outlook July 3. DASH/USD DASH continues to look bullish as we rallied on Friday yet again. The $190 level above offers a bit of resistance, but the real barrier is the $200 level. Because of this, I think that short-term pullbacks continue to be buying opportunities and we … Continue reading DASH/USD and LTC/USD Technical Analysis July 3, 2017

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Hello and welcome to News BTC’s Market Outlook July 3. ETH/USD Ethereum initially fell on Friday but found enough support at the $280 level to turn around and show signs of life again. It looks as if we are trying to consolidate and build up enough momentum to continue going higher, and a break above … Continue reading ETH/USD and ETH/BTC Technical Analysis July 3, 2017

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The world’s elites are starting to buy into Ethereum to understand its purpose and its sophisticated technology.

Hello and welcome to News BTC’s Market Outlook July 3. BTC/USD The coin did very little against the US dollar on Friday, as we continue to grind sideways just below the 2600 level. Because of this, it’s likely that the market will continue to roll around in this general vicinity. With the Americans and Canadians … Continue reading BTC/USD and BTC/JPY Technical Analysis July 3, 2017

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A startup founder rails against the current hype over blockchain technology, arguing that it’s a solution for a problem that doesn’t exist

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San Diego-based bitcoin wallet provider, Airbitz, and the San Diego Bitcoin meetup group recently hosted a number of speakers from blockchain startups. Among them was ShapeShift CFO, Justin, presenting the company’s new smart contract-powered platform, Prism.

Droplex Platform  Financial  instruments are  digitize as  a  permissioned blockchain,  here  is  a   possibility to rapidly   create trading venues with a stable  value. And after that reduce operational overhead. Digital solutions Full system  run as a digital  exchange, with  fully-hosted  options available. Custom deployments may be launched in less than a few weeks.  Exchange Automated market-making  tool  has got  more  than  just one-party liquidity pool. … Continue reading DROPLEX [DROP] – secure NSA bulletproof blockchain ICO

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Ex-Coin Center Naomi Brockwell has told FOX News Bitcoin is “going to the moon,” as the network forecasts $1 bln a coin.

Without resilient ports, the links that bind world trade together won’t hold – and that’s where blockchain could play a vital role.

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After expanding services in Europe earlier this year, bitcoin payroll and wage payment service provider Bitwage announced its official launch in the UK on Monday.

Also read: Bitwage Launches New Functionality for European Customers

Bitwage’s Official Launch in the UK

Bitwage offers solutions for remote workers to receive wages in a variety of currencies including bitcoin. Using the service, workers can get paid in bitcoin without having to ask each employer to pay in the cryptocurrency or sign up with Bitwage. They simply give the employers Bitwage’s bank account details to receive payments in.

Bitwage claims to have over 13,000 registered workers and have processed over $21.6 million in international wages. Users can invoice employers or clients in the United States (US), United Kingdom (UK), and the European Union (EU). Wages received can be split into any ratio between different bank accounts and bitcoin wallets.

On Monday, the company announced the official launch of their services in the UK, stating:

We are now able to offer workers anywhere in the world the ability to receive wages from companies in the UK through local banking partners. This means that our workers can receive wages through Faster Payments, Bacs, Chaps or Swift into local UK GBP bank accounts.

Bacs, Faster Payments, and Chaps Now Supported

Bitwage founder and president Jonathan Chester told Bitcoin.com that the company has been beta testing this service. He explained that although the ability to receive wages in British pounds (GBP) existed previously, it was not done locally and was never publicly launched. Without local UK partners, the service was not cost-effective. Chester detailed:

Before this, we had a banking partner with GBP correspondent accounts in Ireland that could receive Chaps, but not Faster Payments or Bacs. This was a costly solution for potential clients in the UK, so there was very little usage. We have now been working with these same customers during the beta testing of our new local UK services.

Chaps is the UK’s same-day high-value payment system, currently used by 26 direct participants including the Bank of England and over 5,000 indirect participants. Payments are transferred over Swift and settled intraday in central bank funds. In 2016 Chap’s volumes reached a record 39 million transactions, worth £75.6 trillion.

Bacs is responsible for the clearing and settlement of UK automated payment methods, direct debit and Bacs direct credit. The company processed 6.22 billion transactions to UK bank accounts in 2016, worth £4.8 trillion. Faster Payments is a UK banking initiative which uses the Bacs system to reduce payment times between different banks’ customer accounts from three working days to a few hours. While Chaps focuses on same-day service for high-value transactions, Faster Payments is tailored to the much larger number of smaller payments.

Bitwage’s Growing List of Services

In April, Bitcoin.com reported on Bitwage launching unique IBANs for users receiving wages in the European Union. With Monday’s launch in the UK, employers can pay in US dollars, British pounds, and euros. In addition, Bitwage can accept Canadian dollars, Australian dollars, Swiss Francs, and Japanese yen.

Payouts to the workers are far more diverse and are done on the same or next day. Currencies supported include bitcoin, ether, and litecoin, as well as the US dollar, the euro, the British pound, the Brazilian Real, the Philippine peso, the Mexican peso, the Argentine peso, the Indian rupee, the Vietnamese dong, the Nigerian naira, and the Ukrainian hryvnia.

Would you use Bitwage to receive your wages? Let us know in the comments section below.

Images courtesy of Shutterstock, Chaps, Bacs, Faster Payments, and Bitwage

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