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Interview with Cointed Executives

Since 2014 Cointed has transformed from a small start up to a mature company with diverse businesses. How did they do it? Learn straight from the people who made it possible! How it all started? “We want to offer the customers a solution for every problem in the crypto sphere”-Wolfgang Thaler In the beginning of … Continue reading Interview with Cointed Executives

The post Interview with Cointed Executives appeared first on NewsBTC.

Since 2014 Cointed has transformed from a small start up to a mature company with diverse businesses. How did they do it? Learn straight from the people who made it possible!

How it all started?

“We want to offer the customers a solution for every problem in the crypto sphere”-Wolfgang Thaler

cointed

In the beginning of 2010, Christopher was struggling to mine bitcoin on his laptop. Shortly after setting it up, he lost it. Determined to get some bitcoin one way or another, he tried getting some from an exchange, which turned out to be a dreadful process.

Nevertheless, he was fascinated by blockchain and wanted to pursuit a career in it.

His colleague at the time, Wolfgang Thaler, was also getting acquainted with the new exotic currency. In casual conversation at work, both found out they had a similar bad experience when buying crypto.

 cointed

 

“You don’t need a reason to help other people.”-Charli Aho

Charli Aho joined the team in 2017. He had previously worked for other companies in the digital currency industry. When he met Wolfgang and Christopher, Cointed was already enjoying suc1111cess. As a finance professional, Charli knew the value of cryptocurrencies lied was to be found in its universal use, rather than in exclusivity.

Seeing that cointed were already on the way to achieve this, he was certain he wanted to take part.

cointed

“Impact, that’s the right word. I want to have an impact on the world, through Blockchain Technology this seems quite easy. Be part of it, it is free, it is legal, and it is definitely part of our future.”-Daniil Orlov

Daniil worked together with Charli and after being familiarized to it, also embarked immediately. Daniil’s strength is finance. At Cointed, he is responsible for sales, communication and accounting, as well as designing the best strategy for the company’s international expansion.

Allegations

cointed

“The bigger we grow more and more such accusations will come. However, we take such situations as a moment to self-reflect and improve our transparency.”-Christopher Rieder

Cointed is currently conducting internal investigation together with an external firm to shed light onto this matter. The company expects to publish a transparency report in January, 2018.

There are two main allegations revolving around the internet. One is an open letter by General Bytes, claiming that after working together, Cointed stole their product’s design and sold it as proprietary. All of the details, as well as pieces of evidence will be included in the Transparency report.

When a company has a product that is unique in terms of function and design it gets a patent for it. Courts review such cases by comparing the two products in terms of: design and functionality. Even if two products have numerous similarities, if they have different functionality or distinct design features that affect its performance/durability, they are considered different under the law.

It is impossible to sell the same product as a patented one without getting sued. Most products today built upon others, but that does not mean they are the same. If a company’s only asset, in the case software and technology, is copied they will surely take immediate legal action.

cointed

What next?

“We are not scared of regulation. Regulation is necessary and I am sure it will come. If we could lead a regulated business we would be the first ones to apply for a license. For example, in Germany we would need a banking  license to operate our ATM business, we are in the process of applying for one in order to fulfill all regulations in all respective countries”-Wolfgang Thaler

For the near future, the company’s focus is obtaining the necessary licenses to expand their services to more countries.

The team believes that regulation is a must and that it would bring stability to the sector. However, as licenses are expensive, to acquire prioritization is key.

One such priorities is acquiring emoney license for Europe. And it’s already on the way. Especially for the German market, the company is applying for a banking license as it is required for their bitcoin ATMs.

When PayPal got banned in Turkey in the middle of 2016, Cointed quickly stepped in and acquired a license for international payments solutions. This year, they started the process of expanding it into a banking license.

The focus is Asia, where these licenses are worth more. The company already operates a branch in Hong Kong that is working on the matter, so make sure to read the latest Bitcoin News to find out more.

Cointed are committed to making an impact this is why talking openly with their community members is of top priority. The company has prepared some quite interesting pieces regarding allegations and ownership of the funds from the Cointed ICO!

cointed

The post Interview with Cointed Executives appeared first on NewsBTC.

The FinTech outlook for 2018

I usually start the new year by making some predictions, but so many others have been writing about 2018 trends that I’m not going to. There are four big things for 2018 from a FinTech viewpoint that are obvious to me, however

I usually start the new year by making some predictions, but so many others have been writing about 2018 trends that I’m not going to. There are four big things for 2018 from a FinTech viewpoint that are obvious to me, however

Is bitcoin bad for the environment? Here’s what you need to know – Akron Beacon Journal


Akron Beacon Journal

Is bitcoin bad for the environment? Here’s what you need to know
Akron Beacon Journal
The sustainability concerns about bitcoin, voiced by economists and environmentalists, stem from the process of “mining” that is central to its existence. The “miners” use computers to make complex calculations that verify transactions in bitcoins
How is bitcoin affecting the environment?CBS News
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Akron Beacon Journal

Is bitcoin bad for the environment? Here's what you need to know
Akron Beacon Journal
The sustainability concerns about bitcoin, voiced by economists and environmentalists, stem from the process of “mining” that is central to its existence. The “miners” use computers to make complex calculations that verify transactions in bitcoins ...
How is bitcoin affecting the environment?CBS News
The CurrentCBC.ca

all 18 news articles »

Russia Will Create Its Own Bitcoin to Avoid US Sanctions: Report – Newsweek


Newsweek

Russia Will Create Its Own Bitcoin to Avoid US Sanctions: Report
Newsweek
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Newsweek

Russia Will Create Its Own Bitcoin to Avoid US Sanctions: Report
Newsweek
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Criminal underworld dropping bitcoin – SFGate

SFGateCriminal underworld dropping bitcoinSFGateBitcoin is losing its luster with some of its earliest and most avid fans — criminals — giving rise to a new breed of virtual currency. Privacy coins such as monero, designed to avoid tracking, have climb…


SFGate

Criminal underworld dropping bitcoin
SFGate
Bitcoin is losing its luster with some of its earliest and most avid fans — criminals — giving rise to a new breed of virtual currency. Privacy coins such as monero, designed to avoid tracking, have climbed faster over the past two months as law ...
Bitcoin is now apparently too mainstream for criminals and cyber-gangstersThe Week Magazine
Bitcoin losing favor with underworldSeeking Alpha
The Dark Web Is Dropping Bitcoin In Favor Of A Hotter CryptocurrencyThe Daily Caller
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Video: $1 Million? Bitcoin Sign Guy on Why It’s Not Too Late to Buy – CoinDesk


CoinDesk

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CoinDesk
So did Bitcoin Sign Guy once upon a time. Before he took a stand by photo-bombing a sitting Federal Reserve chair (giving the world some timely financial advice in the process), he dismissed the cryptocurrency as something that sounded too good to be


CoinDesk

Video: $1 Million? Bitcoin Sign Guy on Why It's Not Too Late to Buy
CoinDesk
So did Bitcoin Sign Guy once upon a time. Before he took a stand by photo-bombing a sitting Federal Reserve chair (giving the world some timely financial advice in the process), he dismissed the cryptocurrency as something that sounded too good to be ...

Trump’s Favorite VC Is Long Bitcoin – Vanity Fair


Vanity Fair

Trump’s Favorite VC Is Long Bitcoin
Vanity Fair
At last year’s Future Investment Initiative conference in Riyadh, Saudi Arabia, Peter Thiel warned that investors were “underestimating” bitcoin. “It’s like a reserve form of money, it’s like gold—it’s just a store of value,” he said. “If bitcoin ends
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Vanity Fair

Trump's Favorite VC Is Long Bitcoin
Vanity Fair
At last year's Future Investment Initiative conference in Riyadh, Saudi Arabia, Peter Thiel warned that investors were “underestimating” bitcoin. “It's like a reserve form of money, it's like gold—it's just a store of value,” he said. “If bitcoin ends ...
Bitcoin mania: What the big names of finance are saying - Jan. 2, 2018CNNMoney
Bitcoin and Its Kin Start New Year With a BangWall Street Journal
Bitcoin rises after report says early Facebook investor Peter Thiel is buying massive amountsCNBC
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Report: Peter Thiel’s Founders Fund Bets Millions on Bitcoin

PayPal co-founder Peter Thiel’s VC firm reportedly made hundreds of millions by putting $15 million to $20 million down on bitcoin last year.

PayPal co-founder Peter Thiel’s VC firm reportedly made hundreds of millions by putting $15 million to $20 million down on bitcoin last year.

How to buy ripple, one of the hottest bitcoin competitors – CNBC


Lifehacker

How to buy ripple, one of the hottest bitcoin competitors
CNBC
If you thought bitcoin was hot, maybe you should learn about ripple. It’s another crytocurrency that’s been rocketing in popularity lately. While it was trading at around $0.20 a few months ago, it’s now worth more than $2.25 per coin. Ripple is a
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Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News) –Quartz –Telegraph.co.uk
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Lifehacker

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CNBC
If you thought bitcoin was hot, maybe you should learn about ripple. It's another crytocurrency that's been rocketing in popularity lately. While it was trading at around $0.20 a few months ago, it's now worth more than $2.25 per coin. Ripple is a ...
What to Know About the Major Cryptocurrencies Besides BitcoinLifehacker
Bitcoin Rises But Ripple, Ethereum Surge; Russia Eyes 'Cryptorouble'Investor's Business Daily
Bitcoin latest: Ripple's XRP is best-performing cryptocurrency with 38-fold increase in 2017The Independent
Cointelegraph (Bitcoin, Cryptocurrency and Blockchain News) -Quartz -Telegraph.co.uk
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Bitcoin could boost Japan’s GDP, Nomura analysts say – CNBC


CNBC

Bitcoin could boost Japan’s GDP, Nomura analysts say
CNBC
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CNBC

Bitcoin could boost Japan's GDP, Nomura analysts say
CNBC
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Bitcoin 'Adds 0.3%' To Japan's GDP, Claim Nomura AnalystsCointelegraph (Bitcoin, Cryptocurrency and Blockchain News)
Japan's GDP Grows Due to Bitcoin Wealth Effect - Bitcoin NewsBitcoin News (press release)
Bitcoin could be adding 0.3% to Japanese GDPMarkets Insider

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Bitcoin’s share of the crypto market hits an all-time low as ‘alt-coins’ go wild – Business Insider


Business Insider

Bitcoin’s share of the crypto market hits an all-time low as ‘alt-coins’ go wild
Business Insider
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How to buy ripple, one of the hottest bitcoin competitorsCNBC
Crypto Market Sets New High as Bitcoin Dominance Drops to Historic LowCoinDesk
Bitcoin: What You Need to KnowInvestopedia (blog)
Lifehacker –The Independent –Investor’s Business Daily
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Business Insider

Bitcoin's share of the crypto market hits an all-time low as 'alt-coins' go wild
Business Insider
With a market share of nearly 90%, bitcoin's dominance over the cryptocurrency space appeared unshakable at the start of 2017. As the year progressed, and new coins came onto the market, bitcoin's position dwindled. That trend has continued into 2018 ...
How to buy ripple, one of the hottest bitcoin competitorsCNBC
Crypto Market Sets New High as Bitcoin Dominance Drops to Historic LowCoinDesk
Bitcoin: What You Need to KnowInvestopedia (blog)
Lifehacker -The Independent -Investor's Business Daily
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