Blockchain – BitcoinPeople

Salamantex Crypto Payment Service

Over the years there has been many Crypto payment services come and go. The larger companies who make it charge high fees and their customer service can be non-existent at the best of times. The smaller companies who appear when Bitcoin is on a high usually fade away when it's at its low.

So who can you use that offer a great solution for your Cryptocurrency payment needs?

Have no fear we've found a very promising company that offers an all round solution called Salamantex.

Salamantex, an Austrian startup, offering an all round payment solution for online and in-store payments. In the few months since their launch, big brand clients such as Opel & Renault have opted to use their payment terminal system.

So what's so good about Salamantex I hear you ask? Well apart from their simplified process of crypto payments, ease of use, easy integration, automatic conversion from cryptocurrency to fiat, and their awesome customer service…

8 Ways Bitcoin will Change the World

Bitcoin has a real potential to change the world in so many ways, that is hardly even imaginable. We choose the top 8 ways we think cryptocurrencies will help the cause of humanity.

Take a look at this informative Video from the team at https://www.bitcoin.com.

It points out the ways in which Bitcoin and its technology can help change the world. Including how it can better help less fortunate people around the world without being hit from high charges from the likes of PayPal for sending money donations.

Take a look at the video below and let us know if you can think of any more ways Bitcoin can help...

Dormant 720 Million Dollar Bitcoin Wallet Has Woken Up – But Who Owns It?

Once again in the world of cryptocurrency, we have a mystery on our hands. A $720 million sleeping giant has woken up after four years, with $100 million moved to Bitfinex and Binance over the course of ten days at the end of August. The bitcoin wallet contains 111,114 BTC or 0.52% of the total supply. The sudden movement of these dormant funds could have a disruptive potential in the market price action, particularly if the funds belong to one of the two possible likely candidates suggested by Reddit sleuth u/sick_silk. The Redditor brought the movement of the funds to the attention of the crypto community by publishing a series of posts tracking each transaction in detail accompanied with graphs representing the activity. The first post was made on 31 August and suggested that the funds may be connected to the now-defunct dark web market Silk Road which handled the trade of billions of dollars worth of contraband such as recreational and prescription drugs, illegal w…

Some Merchants Are Doing $10 Million a Month in Bitcoin Payments

“Bitcoin is actually working,” says Sonny Singh, BitPay’s COO, in an interview with a China based crypto media. He said BitPay processed $1.2 billion worth of bitcoin payments last year. This year, “we do a transaction at BitPay every 10 seconds in the world,” he says. “There are so many people spending bitcoin,” Singh said, before revealing that some of their merchants “are doing between 1 million and 10 million dollars a month.” The last known number of BitPay merchants is 100,000, including Microsoft, Newegg, TiggerDirect and others. Some merchants however do not want to be named. In the context of regulations, which he says BitPay welcomes, Singh said: “We still have a lot of customers that use our product, but they are afraid to announce it to the public, they think it might get them into trouble for some reasons.” Interestingly Asia, and China in particular, is a big market for BitPay. In US people trust the dollar, he said, and they don’t use wallets like …

Walmart Awarded Patent for Crypto-Powered Energy Consumption Management System

U.S. retail giant Walmart has won a patent for the development of an electrical grid that will be powered by Bitcoin (BTC) or other digital currency, according to a patent application published June 14 by the U.S. Patent and Trademark Office (USPTO). The system is designed to help companies better manage energy consumption and regulate demand on an electrical grid using a publicly distributed transactions ledger. Walmart initially filed the patent in December 2017. The patent says that both households and large organizations can use a blockchain-based network of energy-consuming devices. Subsequently, they can assign each device a specific amount of Bitcoin or any other accepted cryptocurrency, which can be used to purchase energy from a utility vendor. The document further explains: “Each unit cryptocurrency may represent a unit or a portion of a unit of energy. For example, if 1 cryptocurrency unit is set to be equivalent to 1 kWh, the provider interface module 131 may…

Bitcoin Fees are at their Lowest in Years

Fees on the bitcoin network have reached their lowest in seven years, with the median cost of sending BTC currently standing at $0.11. While there are several reasons why BTC fees are low, one of them is obvious: less people are using the network. The number of daily transactions has dropped sharply since last year, and has declined further in the past month. It is no secret that the number of on-chain bitcoin transactions, along with those of other blockchains, has dropped significantly since late 2017. This mirrors the decline in the valuation of bitcoin and most other digital assets during this timeframe. On December 14, almost half a million BTC transactions were recorded in a single day. By February, this figure was averaging below 200,000 a day. On April 24, the number peaked at 254,000, but has since declined, reaching a low of 158,000 on May 26, according to Bitinfocharts.com. In early April, the median BTC transaction fee dropped to under 10 satoshis per byte bef…

Should Bitcoin be used to help countries hit by disaster?

Bitcoin entrepreneurs want to rebuild Puerto Rico as cryptocurrency-fuelled economy. Would that help or hurt the devastated country? Cryptocurrency entrepreneurs have moved to Puerto Rico to build a crypto utopia – initially dubbed Puertopia but now named Sol – where they plan to pay little in taxes. The crypto expats also hope to demonstrate how the city of the future will look with blockchain methods used for most transactions alongside the development of a new digital cryptocurrency. But it’s less clear about whose future – the few or the many – will be the driving force for change on the US territory. Puerto Rico was devastated by last year’s Hurricane Maria and, with inadequate aid from the US, it desperately needs investment to rebuild the island’s infrastructure. Puerto Rico was already facing severe financial difficulty before the calamity. It goes some way to explaining why local authorities are cautiously welcoming the arrival of cryptocurrency entrepreneu…

Why Bitcoin is not a bubble!

Commentators always try to compare Bitcoin to other financial products and financial bubbles, yet to my mind the comparisons don't fit. It's not growing like a bubble, it's growing, hitting setbacks, dropping then growing again. When it hits a fork in the road and gets split in two, you don't get two halves, you get two currencies that continue to grow: that doesn't happen in financial models, it happens with cell growth; think of it as something organic and suddenly it makes more sense. When a bubble bursts, there's very little left, when a financial bubble bursts, the receivers come in and sweep up what little mess remains. The Bitcoin price may tumble, it may plummet like a stone, but why would bitcoin become worthless? If it dropped from thousands of pounds to pennies, it would still be worth something and like anything organic, while there's still some of it alive it will continue to grow. Where does it live? It doesn't live in the blockchain, that's just the ledg…