Press Releases

Save Money on Bitcoin Transactions: Conio Launches “Accelerate”, the Mining Fee Smart Selection Feature

Published

6 years ago

October 2, 2018

MILAN, Italy – October 2, 2018 – Conio, the innovative fintech startup that created the first Italian Bitcoin wallet for smartphones, launches “Accelerate”, the brand new mining fee smart selection feature, which allows users to easily and cheaply choose the timing and the fees to be paid to miners, speeding up the inclusion of transactions into the Bitcoin network.

One of the biggest differences between the Bitcoin network and traditional payment systems is that on the former, buyers are allowed to choose the amount of fees to be paid, which determines how much time it will take for the transaction to be processed. A complex process in both technical and decision-making terms, often ignored by customers who passively suffer its consequences.

Developed with the goal of allowing anyone to access the cryptocurrency market without technical complexities or worries, Conio integrates in its portfolio today an innovative service with high technological value, exclusively accessible to more experienced users so far. With the development of this complex feature, which however is made available to Conio’s customers with extreme ease of use, the company confirms its ability to execute its service-based strategy for easier access to the world of cryptocurrencies, still too complex for the general public.

The new feature complements another one, already available, which enables immediate cryptocurrency exchange between any users who signed up for a Conio Bitcoin Wallet.

How It Works

Based on a fee selection algorithm, developed by Conio, the service allows, through an analysis of pending transactions in the network, to automatically get and suggest the fee that best matches the timing chosen by the customer and offers the cheapest cost-speed ratio.

Users may rely on this new feature to achieve quicker inclusion of any transactions completed between a Conio Bitcoin Wallet and an external one, with various available options.

Conio Ø When sending bitcoins (Fee Selection option), directly on the transaction overview screen, once the desired timing and inclusion costs have been selected, the app will calculate in real time the best mining fees that will allow to achieve such goals. This way, if users need to quickly make a payment to any physical or online store that accepts bitcoins in order to purchase a product or service (e.g. a plane ticket or a phone prepaid card sold at a discount for a limited time), they may select at the start of the transaction an estimate of the minutes by which they want the transaction to be completed, saving money on inclusion costs in the process thanks to the fee selection feature. The same goes for payments at restaurants or cafés, for which users have 10-15 minutes at most to successfully complete their payments. The model developed by Conio enables customers to always select the lowest fee, with the option of speeding up the transaction, if necessary, at a later time.

Ø While waiting for a transaction to be completed (RBF – Replace by Fee option), if it has not been included yet into the next block, users may add a fee to the pending operation from the Activity section in order to skip the “waiting line”. In this case, they may take direct action, speeding up a payment they have already made on any online platforms and consequently ensuring the successful purchase of the good or service in question (e.g. the reservation of a hotel room), before its price changes or the deal expires. Besides, the “Accelerate” feature allows users to save money by always proposing the cheapest mining fees.

Ø When receiving bitcoins (CPFP – Child Pays for Parents option), in the Activity section, users may add a fee to the operation in progress in order to skip the “waiting line” and receive the cryptocurrency in a shorter time. This way, a user that has received bitcoins more quickly will be able, for instance, to resell them at a specific price, without being damaged by any changes in value. What’s more, this feature is useful for reducing long waits during peak times and when the Bitcoin network is most crowded, which makes quicker transaction processing impossible.

Vincenzo Di Nicola, Conio’s Co-founder, CEO and Technology Director, has stated: “Ours is a process of continuous innovation, by getting rid of all the technical complexities that are so typical of the world of cryptocurrencies. In fact, this new release of our app introduces a highly innovative service that meets one of users’ main needs: to speed up transactions on the Bitcoin network and reduce fee-related costs. Using this service, our customers will be able to perform complex operations like choosing the timing for transaction inclusion and the fees to be paid to miners – yet at the same time, they’ll have a tool at hand that will lead them step by step along the decision-making process. For us, this is both a big achievement and a new starting point, which pushes us to always improve in order to make digital currencies a payment tool that people may use to fulfil their daily needs.”

*Readers should do their own due diligence before taking any actions related to the 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 this press release.*

Press Releases

ND Labs Launches Crypto Exchange Software Development

Published

1 year ago

January 20, 2023

Guest Contributor

ND Labs, an international blockchain consulting and development company with offices in Poland and the United States, has recently announced the launch of crypto exchange development services.

ND Labs understands that cryptocurrencies are gaining even more popularity and predict their mass adoption in the future. Thus, the company offers full-cycle development services to IT businesses and non-IT enterprises from various industries, including retail, construction, oil & gas, etc.

Dmitry Khanevich, co-founder and CEO of ND Labs, commented on the news:

“Launching a crypto exchange is a good business idea. First, there is a growing demand for such platforms as digital currencies are becoming more widely used. Second, they can generate constant profit by charging fees for each transaction. Third, they are relatively easy to set up and maintain. Finally, they offer lots of flexibility, which makes them ideal for businesses of all sizes. If you lack the necessary skills or knowledge to build a crypto exchange, that’s where our blockchain expertise will be helpful.”

What is a crypto exchange?

A crypto exchange is a trading platform that allows users to buy and sell digital assets in a peer-to-peer manner, which means there is no third party involved. For instance, users can buy cryptocurrencies for fiat money and then trade them.

How to develop a crypto exchange platform?

- Choose the platform type. It can be a crypto trading app as well as a centralized, decentralized, or hybrid cryptocurrency exchange.
- Build key features. They include user authorization and verification, a trading engine, a crypto wallet, an intuitive user interface, and market and liquidity provider integration.
- Add nice-to-have and advanced features. They are manageable user profiles, portfolio tracking, push notifications, loyalty programs, a knowledge base, data analytics, NFT trading abilities, automated strategies, etc.
- Meet regulatory compliance. Depending on the jurisdiction you are going to work in, you will have to comply with GDPR, KYC, KYT, AML, and other requirements.

Develop a crypto exchange platform.

About ND Labs

ND Labs is an international company that offers blockchain consulting and development services. They build blockchain-powered solutions for businesses of all sizes from various industries, such as logistics, real estate, insurance, etc. The company’s team consists of experienced blockchain professionals who focus on strategic outcomes and help clients generate long-term profits.

Contact

For more details and updates, visit:

Website: www.ndlabs.dev
Facebook: www.facebook.com/ndlabs.dev
Instagram: www.instagram.com/ndlabs.dev/
LinkedIn: www.linkedin.com/company/ndlabs-dev/
Twitter: twitter.com/ndlabsdev

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. 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 this post.

Press Releases

Get Lucky Tickets for World Cup Bets on 1xBit

Published

1 year ago

November 25, 2022

Guest Contributor

The long-awaited World Cup 2022 is here, bringing many opportunities to win big. Are you excited about seeing your favorite players on the pitch? Then the World Cup is an opportunity not just to do that but also to win big from your passion.

Participating in 1xBit’s Ticket Rush is all you need to have a fun World Cup experience. This tournament offers you the avenue to stay on top of the game, enjoying fascinating matches and securing impressive prizes.

1xBit 1xBit has created Ticket Rush with numerous fanciful prizes that could change your entire gambling experience. With multiple prize draws designed to select many winners, you have a chance at winning big. The prize pool is 3 BTC, with numerous winners per category.

To participate in the offer, you must log in or register on 1xBit. Proceed to the offer page, click “Take part,” and bet on World Cup 2022!

Participants collect tickets for bets on World Cup 2022 matches. There are three ticket categories:

Individual match tickets – for bets on any World Cup matches
Supporter tickets – for bets on the picked 8 countries during the group stage
Play-off tickets – for bets on play-off matches

For the Individual match tickets prizes, the 1st place winner will emerge with 500 mBTC. The first-place winner in the Supporters’ tickets prize draw goes home with 10 mBTC, while the first-place winner in the Play-off tickets prize draw will win 250 mBTC.

1xBit: Your Best Bet

Ticket Rush is one of the many tournaments designed by 1xBit to help players profit from their passion while enjoying the World Cup. With 1xBit, you can rest assured about sumptuous prizes that make your gambling experience worthwhile.

As the fastest and leading crypto sportsbook, 1xBit is passionate about rewarding players’ efforts in an exciting fashion. The platform provides its users with numerous benefits to maximize the crypto gambling space.

You can make bets on 1xBit using over 40 supported cryptocurrencies. This crypto adoption eliminates the need for fiat currency. It removes the stress of first converting your cryptocurrency to fiat before depositing it in a sportsbook to bet on your favorite games.

Instead, you can utilize these currencies directly, allowing you to maximize their value without losing any of it to conversion fees. Even more, 1xBit is constantly looking for relevant partnerships and new coins to add.

You also enjoy instant payouts with zero fees. This allows you to enjoy your winnings without adversely affecting the platform’s fee structure. 1xBit also provides educational blogs on crypto gambling to help you get started with the necessary tips to navigate the field. Whether a beginner or a veteran, 1xBit covers all you require.

Additionally, 1xBit offers users a Welcome Bonus of up to 7 BTC following their first 4 deposits – it gives you the required jumpstart to experience the platform and play your favorite games.

Final Thoughts

All roads lead to Qatar for the 2022 World Cup, and you don’t want to miss out on any match. With the Ticket Rush tournament, you can spice up your experience and win crypto!

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. 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 this post.

Press Releases

Crypto Lists Announce Bitcoin Maximalist as Head of Content

Published

1 year ago

October 27, 2022

Guest Contributor

CryptoLists.com is delighted to announce the arrival of the new Head of Content, Tom White.

Tom is now a key member of the speedily growing crypto info site, with ambitions to take the content up a level and define and refine the tone of voice. A keen follower of crypto and Bitcoin, in particular on a personal level, he’s well acquainted with blockchain and DeFi technology and has been investing in digital assets for some time.

In other news, Crypto Lists are also pleased to announce an updated mission statement and a new slogan: Crypto Done Smarter.

As a native English speaker, Tom is well-positioned to take over the tone of voice and editorial oversight of the website, which was founded by two Scandinavians. Alongside this, Tom’s main focus will be to ensure that fresh and informative news articles are released even more frequently, and reviews of new coins and brokers are published swiftly.

Tom White – A Bitcoin Maximalist?

While open to the potential of various altcoins, as somewhat of a Bitcoin Maximalist, Tom sees Bitcoin as digital gold of the new economy. A keen chart-watcher, he’s excited about the next halving event in 2024 and seeing how high BTC can go during the next bull run. A bull run where he believes incredible new ATHs will be reached. A full review of Bitcoin with breaking news, FAQ, historical background, and the most recent updates can be found at https://www.cryptolists.com/coins/btc/.

Things Tom will oversee

During his first week at the company, Tom has covered subjects surrounding changes within the traditional banking sector in regard to crypto, as well as a multitude of other topics. Being such a big advocate of Bitcoin and its potentially revolutionary capabilities, a topic he found especially interesting is how to survive on Bitcoin. He recently published a piece about Arnhem, a Dutch town that some call the world’s only Bitcoin city. Alongside such specific topics, he will be making sure that the Crypto Lists brand voice is consistent across both the website and all externally facing written comms.

Upcoming events in Africa

Tom will also write articles and releases about recent and upcoming Bitcoin and crypto events. In the near term, one such event is the Ghana DeFi Summit 2022.

Crypto Lists – Crypto Done Smarter

cryptolists Tom also brought his creative mind to the forefront when brainstorming the new brand mission alongside the wider team. Crypto Lists had been searching for a new slogan, that is both accurate, descriptive, as well as evergreen – taking into consideration the future developments and growth of the company. Along with the senior leadership, a general consensus was reached: Crypto Done Smarter.

Why smarter? Well, Crypto Lists is there to help people make more informed decisions. The entire ecosystem of the site revolves around educating people on the crypto space, and the coins, platforms, brokers, exchanges and at the same time doing reviews of blockchains that compose it. In a nutshell, Crypto Lists is a site where you learn to make smarter decisions in the crypto space.