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New Study Shows Crypto Volatility Biggest Barrier to Mainstream Adoption

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Meter

PALO ALTO, Calif.Nov. 28, 2018 /PRNewswire/ — Meter, a high performance decentralised stable cryptocurrency linked to the global average competitive cost of electricity, today shared the results of a new study that reveals volatility is cryptocurrency’s most pressing issue hindering mass adoption.

As the world becomes more connected through the Internet, we see more avenues for exchange of goods, services and ideas across disparate and distant borders. Meter conducted a study of 1,000 U.S. consumers who were familiar with cryptocurrency to learn about opinions and concerns around the technology.

Cryptocurrencies were created with the vision of being decentralised, streamlined units of value that can be used worldwide without manipulation. Today, evolving socio-economic structures and financial systems fostered through the Internet require a new global currency to create a healthy decentralised financial system and provide worldwide financial inclusion.

MeterMeter’s survey found that almost two-thirds of respondents believe having one global currency would be beneficial to society. More than half believe one global currency would level the economic playing field for all countries, 75 percent believe it would eliminate political pressure to inflate or manipulate a currency to meet a single nation’s needs and 65 percent think it would encourage trade growth.

Due to advancements in technology, society has shifted its spending tendencies and the majority of people are using cash less and less. In fact, 86 percent of respondents make less than half of their purchases with cash. With an overwhelming majority primarily using electronic forms of payment, it’s no wonder using a cryptocurrency doesn’t seem so far-fetched: over 90 percent of respondents would use a cryptocurrency that is stable and accepted as a form of payment almost everywhere.

However, enthusiasts and skeptics alike agree volatility is the biggest issue surrounding cryptocurrency – almost 90 percent worry about volatility. Of those who own cryptocurrencies, 60 percent cited volatility as the most inconvenient aspect of using cryptocurrency.

Of the respondents who did not own any cryptocurrencies, almost half specified volatility as the primary the reason they had not invested. More than three-quarters would be more likely to purchase cryptocurrencies if they were less volatile.

Given today’s political climate, an undertone of distrust with today’s institutions was also apparent, as 72 percent of all respondents would prefer to use a stable cryptocurrency that could not be manipulated by governments or banks. Just over one-third of respondents are satisfied with the U.S. government, and less than one-fourth believe it is ethical. Governments have typically controlled currencies, but it seems we are moving away from traditional institutions to decentralised models.

“Although cryptocurrencies have garnered much hype, none exist today that function as a true currency,” said Xiaohan Zhu, CEO of Meter. “For example, measuring values with Bitcoin is like using a ruler made from a rubber band, its value or length stretches and contracts based on supply and demand. The digital age calls for a stable unit of account that cannot be manipulated by any one party.”

Other interesting facts include:

  • More than half have used them to purchase goods and services online
  • 46 percent had used cryptocurrency to purchase goods or services related to gaming, 35 percent had purchased gift cards and 16 percent had purchased food
  • Surprisingly, Red (53 percent), Blue (61 percent) and swing states (57 percent) all felt tepid in their belief of the U.S. government’s ethicality
  • 82 percent of those who did not own any cryptocurrencies would like to own some in the future

Watch an explainer video on Meter and view the full report here.

Disclaimer: 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.

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1xBit Offers A New Lottery For Its Customers

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1xBit Offers

1xBit is happy to announce a new lottery HOT BITCOIN, that will last from June 22, 2019, till August 12, 2019.

Are you fond of betting or maybe you want to earn bitcoins? 1xBit is a good chance to make your wishes come true and win a special prize. It is one of the best cryptocurrency gambling and betting platform. Try now and understand how it can be easy to earn cryptocurrencies! 

On August 13, 2019, the lottery draw will randomly determine lucky winners that will get the following prizes:

1st place: 1 Bitcoin (BTC)

2nd place: 10 Bitcoin cash (BCH)

3rd place: 100 Bitcoin gold (BTG)

4th place: 1,000 Stratis (STRAT)

5th place: 10,000 Nem (NEM)

But that’s not all prizes, the other 750 lucky participants will get bonus points, as it’s shown  in the list below:

  • 10,000 bonus points (10 winners);
  • 5,000 bonus points (20 winners);
  • 2,000 bonus points (30 winners);
  • 1,000 bonus points (40 winners);
  • 500 bonus points (50 winners);
  • 200 bonus points (100 winners);
  • 100 bonus points (200 winners);
  • 50 bonus points (300 winners);

Every winner can buy currency for bonus points or exchange them for free bets.  It’s very easy to take part in this lottery. Bet on any event at least 2 mBTC and get lottery tickets for each bet placed. Free tickets will be automatically credited to your account. Of course, the higher your stake, the more tickets you will get. For example, if you bet more than 12 mBTC you will earn 10 lottery tickets. There is no limit on the number of bets you can place or tickets you can receive.

1xBIT Logo1xBit is a cryptocurrency sportsbook and casino where only cryptocurrency is eligible for playing. Enjoy thousands of sporting events and a rich LIVE section to bet on daily and find all the ongoing events with the best odds! If you like slots, you can find here different kind of slots for all tastes. The high rates and a large number of various bonuses and promos increase your chances of winning. Register and receive a welcome bonus of up to 7 BTC! Yes, 7 BTC, it’s not a joke! You can see for yourself, just register on 1xBit website.

Register on the 1xBit website, place a bet on any event, get a lottery ticket and take part in the prize draw. Perhaps, YOU will be one of the winners.

You can find more detailed terms and conditions of the lottery on the 1xBit website.

Place your bets and GOOD LUCK!

Disclaimer: This is a paid press release. 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.

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How Blockchain Turns the Game in African Financial Life

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Chatex
Image by Chatex.com

Progress never stands still. People seek for simplicity and convenience, and the financial system is no exception to that. Hardly anyone could have thought that cash could ever be replaced with plastic cards. Today, it’s time for cryptocurrency to trigger the change in the paradigm.

Besides being a great instrument for investment, crypto changes the very essence of how money is transferred. Today, everyone who owns crypto can seamlessly and transparently exchange, sell off and buy up assets.

Is that not the democratic solution our world needs? That’s the question which underpins the initial purpose of Chatex project. The company has chosen the African continent as the starting point of its expansion in order to help those who suffer from excessive commission fees and lack of fiat.

Why Africa?

The banking environment is so weak here, that it’s hardly called ‘banking’. It is mired in corruption and bureaucracy, while the level of financial literacy is extremely low. It’s a common practice for local third-party services to charge sky-high commission fees on money transferring. Sometimes these figures reach 10 or even 20 percent. Chatex’s CEO, Michael Ross-Johnson, comments the following:

“How can one be treated in such a sordid way in the continent where people survive on less than the equivalent of one dollar a day? We can’t just monitor with our hands folded. We at Chatex are here to help African people become a part of the transparent and fair system that will give them an opportunity to freely manage their money and enjoy the comprehensive financial freedom”

How Chatex will make it out?

ChatexChatex offers a same-name bot based on Telegram, which could be downloaded on any kind of a smartphone supporting the messenger. It is an official, licensed and GDPR-compliant service, which offers safe data storage, BitGo instant transfers technology and additional PIN-code protection.

Thanks to Chatex, users can carry out cross border transactions, whichever their education or location is. One registered with the bot can instantly buy crypto via banking and gift cards, including even iTunes one, and transfer money to other users worldwide with no commission.

What’s the catch? There aren’t any. The verification process and money transfer won’t last more than 15 minutes here. The interface is intuitively simple and user-friendly, that’s why even a layman user will be able to operate without hindrance.

Having established an office in Ghana, Chatex plans to extricate banks and extortionate money transfer services from all over the continent. Next step would probably be Uganda, where the banking system has run rampant. In Uganda, every year relatives send home about $700 million, and almost $70 million of that total are charged by third-party service providers.

Judging upon the current trends of pervasive smartphone penetration, it can easily be said that mobile solutions such as Chatex are on their way to fit a whole set of financial operations into the user’s pocket. Africa needs such services that will ease people lives and eliminate the limits local banks and third-party services set up. Chatex avoided the well-trodden path of expansion and no one will regret. It has started a new chapter in the African market, aiming to ‘make Africa great again’.

To find out more, visit https://chatex.com/.

Disclaimer: This is a paid press release. 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.

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Bitcoin Events to Host South Africa’s First Crypto Festival

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Crypto Festival

Bitcoin Events is delighted to be hosting South Africa’s first Crypto Festival in Cape Town on 7 September 2019.

Bitcoin EventsThere’s been a lot of renewed interest in cryptocurrencies in Africa and globally, and the Crypto Festival will highlight the exciting opportunities that cryptocurrencies offer individuals and organisations: from investing, trading, mining and transacting to privacy, security, price volatility, tokenisation of assets, Initial Coin Offerings (ICOs) and Initial Exchange Offerings (IEOs).

South Africa is at the forefront of crypto adoption. It has the highest percentage, 10.7%, of internet users owning cryptocurrencies, twice the global average of 5.5%, according to a recent international survey by social media management firm Hootsuite in partnership with London-based WeAreSocial.

Bitcoin and other cryptocurrencies have certainly changed the way we think about money, privacy, investments, payments and more. Cryptocurrencies are a disruptive innovation that numerous start-ups and individuals are leveraging, along with blockchain technology, to build innovative products and services for consumers and businesses alike.

We are expecting about 150-200 attendees from various backgrounds and industries at the Crypto Festival: crypto exchanges, payment systems, investment firms, mining operations, trading enthusiasts and companies, ICOs and IEOs, legal practitioners, crypto enthusiasts, blockchain developers, thought leaders, industry innovators and entrepreneurs.

Grab your Early Adopter ticket now for ONLY R450!

The Crypto Festival Call for Papers is Open

Our call for papers is now open, so don’t miss this opportunity to share your insights and expertise with our audience by submitting your paper now.

For more information on the Crypto Festival, visit Cryptofest or email the team at info@blockchainafrica.co.

Disclaimer: 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.

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