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European Regulators Show Concerns that Weigh on Bitcoin Prices

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European Regulators

As 2018 kicks off, it is clear that regulators in Europe are cracking down on bitcoin as well as other cryptocurrencies such as Ethereum and Litecoin. Their warnings and concerns for an unregulated business have taken some of the air out of the crypto-balloon. European financial regulators have been closely watching bitcoin’s historic rise, which has lifted other cryptocurrencies generating concerns for financial authorities.

European Commission is Closely Following Volatility

The European Commission has been concerned over the price volatility as prices of bitcoin surged to nearly $20,000 and then tumbled to nearly half within two months. The Vice President of the European Commission, Valois Dombrovskis, revealed his view that there are significant risks for investors and consumers associated with the price volatility of cryptocurrencies.

The European Commission is not the only European authority that is concerned with crypto-trading. The UK’s Financial Conduct Authority has also issued warnings to investors especially as it relates to initial coin offerings or ICO’s. The issue here is that investors are trying to catch lightning in a bottle with a new coin that could generate significant gains, but could also be a pump and dump scheme. An ICO is a term that describes a way of raising funds for a cryptocurrency, similar to the way a public company would initiate an IPO (initial public offering). The UK authority has warned that any investment into an ICO could result in the investor losing all of their capital.

France is a Strong Advocate for Regulating Bitcoin

French Finance Minister Bruno Le Maire has made it clear that he believes there is an inherent need to completely regulate any item that can be construed as a currency. He has said that he wants investors to “avoid the risks of speculation or the possibility of financial trafficking linked to bitcoin”.

The French central bank has also been involved in conversations on how to regulate bitcoin. Central bank Deputy Governor Jean-Pierre Landau has created an investigative mission on cryptocurrencies and how they might be regulated. The chairman of the European Securities and Markets Authority, Steven Maijoor, said investors “should be prepared to lose all their money” if they play in the bitcoin market.

The ECB is Also Involved

The European Union is targeting the spring as a period where an official action plan will be put into place. This will include specific policy actions on how to use blockchain technology and how bitcoin is transacted. The European central bank (ECB) has also spoken out. Mario Draghi, the president of the ECB said that “Our main worry with these innovations… is the potential fragility with respect to cyber risks.”

One of the issues that concern a central bank is its inability to control monetary policy if an economy starts to accelerate or decelerate. Current monetary policy combines an effort to raise or lower interest rates that have a direct effect on a currency pair. For example, a weak currency is important when an economy is weak. A Central bank’s ability to lead a country or a union out of financial distress will be greatly reduced if an unregulated cryptocurrency is the main currency used to transact goods and services.

 

*This is a sponsored post. Readers should do their own due diligence before taking any actions related to the promoted company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in the sponsored post.*

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Making Cryptocurrency Easy to Use for Everyone

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Image by Tip Blockchain

Since the beginning cryptocurrencies have always been favored by the tech-savvy crowd. Even though buzzwords like “Bitcoin” and “blockchain” are often heard on the mainstream media these days, using cryptocurrencies remains a cumbersome process for most people. Wallet addresses are long and random cryptographic hashes. A small mistake in a single character would result in permanent loss of funds. Double/triple checking every address before every transaction has become common practice among cryptocurrency users. For businesses that accept cryptocurrencies, as wallet addresses are usually not directly linked to customer accounts, there is often no easy way to tell who made which payment until the customer presents payment proof separately. These are some of the main hurdles facing cryptocurrency mass adoption today.

Tip Blockchain is an ambitious startup working to make cryptocurrency easy to use for everyone including the average non-techie grandparents.

To achieve this, the TIP light wallet/chat app, Kasakasa features short usernames as smart addresses.  Typical usernames like @HanSolo12 or @BurgerShop78 will be used as wallet addresses, replacing long cryptographic hashes like 0x016b1eA9A2B62AADD771DeA418AbE84693877C09. Users are able to search and find other users and businesses by username, as well as adding contacts from their phone’s contact list. Sending transactions can be done directly in a chat conversation. The initial release of the Kasakasa light wallet/chat app is scheduled for August 2018. The TIP ecosystem will also include a cryptocurrency point of sale (POS) system for businesses. This POS system will incorporate convenient features from traditional fiat POS systems, such as order/customer management, sales analysis and reporting. The backbone of the TIP ecosystem will be the TIP Blockchain – a unique blockchain that allows users to store data on-chain, attached to accounts and transactions. It will automatically index the stored data making it easily available for future use.

Tip BlockchainTip Blockchain has a professional team of developers, entrepreneurs, and business people. Their expanding advisory board is stacked with advisors who have a proven track record of delivering successful blockchain startups and ICOs, and seasoned blockchain investors with in-depth industry knowledge and connections. They also have top lawyers in the cryptocurrency and business law fields on their board.

The project is currently hosting their Seed Round token sale with 200% bonus. The Seed Round started at 12:00 am UTC on June 1, 2018, and will end at 11:59 pm UTC on June 15, 2018. TIP tokens are priced in ETH, with ETH being the only accepted payment method during the token sale. Tokens are valued at 1 ETH = 10,000 TIP, or 1 TIP = 0.0001 ETH. However, the current seed round offers a 200% bonus, allowing participants to purchase TIP tokens at 1 ETH = 30,000 TIP. Only 4% of the total TIP token supply is available for purchase during the current seed round.

Website: https://tipblockchain.io/

Seed Round Signup: https://tokensale.tipblockchain.io

Telegram: https://t.me/TipBlockchain

LinkedIn: https://www.linkedin.com/company/tip-blockchain-network

Twitter: https://twitter.com/TipBlockchain

Medium: https://medium.com/tipblockchain

Facebook: https://www.facebook.com/tipnetworkio/

 

*This is a sponsored post. Readers should do their own due diligence before taking any actions related to the promoted company, product or service. Bitcoin Africa Ltd. is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this sponsored post.*

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Waves of Change in Digital Rewards

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Waves African Exchange

Waves African Exchange (WAXEX), a digital start-up based in Cape Town, provides the ultimate solution for business reward and loyalty programs using blockchain technology. Using blockchain as a base technology, they provide low-cost Mobile & Web payment solutions, without any additional infrastructure requirements. This, including the global reach with Trackable/Immutable and Secure transactions, are just some of the highlights of the low-entry reward services on offer.

To add to the pot, they’ve included the ability to distribute your own custom rewards tokens to WAXEX token holders at no extra cost. Consumers can now get access to an effective reward and loyalty program and enhanced mobile marketing strategies without the astronomical entry barrier, all backed by blockchain transparency.

Not to be outdone by international counterparts, WAXEX also allows the sending of promotional voucher tokens to a targeted audience. Specify existing or new customers for a targeted campaign. All of this is possible by using Waves Platforms integrated Airdrop services. This functionality has been incorporated to place local small businesses on an even footing with their international counterparts in terms of marketing strategies.

WAXEX business packages range from Basic, Standard or Customized Airdrop solutions. Businesses can also become a Featured Rewards partner and make use of their affiliate partners web development services, all easily customizable to suite.

Latest rewards partner, Real Food Factory, is integrating Incentive rewards and mobile token payments into their online store allowing easy online payments and retail purchases via QR codes.

So what innovation can clients look forward to from the Real Food Factory with their on-boarding? Incentive rewards for people with ‘RealFood Waves tokens’ include access to secret recipes, food hamper giveaways and other special discount offerings on purchases.

You can incorporate blockchain rewards and payments without any hardware requirements for your business or additional monthly costs or hefty transaction service fees.

Everything is safe and secure on the Waves Platform blockchain and payments are near instant, making use of the worlds fastest blockchain.”

It has always been a matter of time before local companies wanted in on the benefits of blockchain as a technology. Not just in relation to fast and auditable payments but also to enhance their service offering, value adds and of course bring new technology to their businesses.

The WAXEX and Real Food Factory synergy is just the first of many innovations to hit the local market but rest-assured that many others will follow in their footsteps in due course.

 

*This is a sponsored post. Readers should do their own due diligence before taking any actions related to the promoted company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in the sponsored post.*

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Naviaddress Announces Strategic Partnership with The Crypto Capital Group

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Naviaddress

Naviaddress, the first global digital addressing system being deployed onto the blockchain, which provides users with naviaddresses as unified digital IDs for any places or objects in physical and virtual worlds, announced strategic partnership with The Crypto Capital Group (CCG) – an expert team of private equity professionals from the U.S., Europe and Asia, whom have also been early investors in projects such as WaBi, Qlink, APEX, Matrix, and several other projects.

Dmitri Moiseev, CEO of Naviaddress, made a statement: “After many successful events, where NaviAddress was voted #1 on different occasions – we have seen a huge influx of private investors approaching us. For Naviaddress team it is important to select our strategic partners with care and think of the long-term successful development of the project. We feel confident that The Crypto Capital Group will be able to help us on several fronts including the ICO stage, partnerships, networking and more”.

As of January 2018, there are 1.5 million naviaddresses in Naviaddress system, including 1.3 million in the business category; the number of registered active Naviaddress app users exceeded 60 000 people. Naviaddress addressing system can be used via web or mobile applications (iOS and Android). Naviaddress integrated its addressing system with UBER in 2016. In 2017 we signed the Strategic Partnership Agreement with Booking.com. As the result, the Naviaddress team created 1.3 MM standard and 1,327 ‘premium’ (1 – 5 digits) naviaddresses for hotels and properties, aggregated by Booking.com. In December 2017 Naviaddress signed LOI with DPD and the pilot integration project was launched in the beginning of February 2018. Alfa version of the platform on the blockchain is up and being tested now.

Once the addressing system is deployed on the blockchain, Naviaddress will enable 4 billion people in the world living without addresses to obtain and share digital postal delivery naviaddresses, verified by a transaction on the blockchain at almost no cost. Usage of naviaddresses will enable local governments to provide more citizens with essential services and create new markets for e-retailers and delivery businesses (AliBaba, Amazon, etc.).

More about Naviaddress

NaviaddressNaviaddress falls into the category of blockchain ID management systems that will simplify the way transactions are conducted with online retailers, delivery and other businesses as well as with each other – without compromising privacy or security. Today, 20% and up to 80% of addresses in developed and developing countries respectively are not verified from the first time due to mistakes in address spelling, address verification and “last mile” navigation problems. Naviaddress makes it possible to provide accurate locations for e-retail and delivery services.

Naviaddress disrupts the traditional addressing system by giving users a convenient and fast way to replace their impractical and lengthy physical postal address with a naviaddress, which is a short, easy-to-memorize and communicate sequence of digits. It may also be able to function as “a smart address” because users can assign and store relevant information such as “last mile” navigation (embedded geographical coordinates, physical address, hours of operation, route description, photos and other relevant information), which makes it also easier to find complicated, remote locations or newly built structures.

International tourists and expats remained inaccessible for local hotels, cafes, and restaurants. This result in lost sales. Naviaddress will provide authentication and easy last mile navigation for local HoReCa and retail outlets due to only digits, no language-specific, digital address, which is easy to find, share and communicate.

Naviaddress co-founders Mikhail Gamzin and Dmitri Moiseev have vast experience in entrepreneurship, venture financing, technological innovations and product development. Together they have built and sold businesses for a cumulative value of 240 million USD. The top members of the team have 15+ years of management and business experience in technology b2b and b2c businesses in such industries as IT, telecommunications, clean tech, smartphones, VC investment management.

The project raised 2,5 million US dollars funding from private investors in 2015 – 2016. Naviaddress team is committed to raising 20 million USD in Q1 2018 through ICO for funding of address platform migration to blockchain and further global rollout. The ICO is scheduled for March 1, 03:00 pm CET. As of today, the project sold 186 MM NVTs during pre-ICO stage or ca. 47% out of all 400M NVTs allocated for ICO contributors.

Find out more www.naviaddress.io. Join Naviaddress community in Telegram (https://t.me/Naviaddress) today!

 

*This is a sponsored post. Readers should do their own due diligence before taking any actions related to the promoted company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in the sponsored post.*

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