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India coin was established in 2014 and did the service of exchange since. Majority looking to buy bitcoin in an easy and simple way. And they also don’t like the lengthy process of transactions for the exchange. India coin provides complete satisfaction to its users, fulfill the need exactly.

If you want to buy bitcoin, you need to fulfill the payment form and within 4 days you’ll receive a call with pin code to complete your transaction.

The system receives debit or credit card or pays only, so make sure that they are 3d secure.

Easiest and legal way for your exchange

 

This process of transaction seems much easier than the other but two things you have to know about;

Buying limits

There is strictly buying limits of bitcoin. The first transaction limited to $100 and after 4 days of confirmation it grows from $100 to $200 and then after a week means after 7 days this limit is $500.

Exchange rate

Fees are extremely high for example Bitcoin exchange rate on Bitstamp was $1001.52 and $1507.31 no India coin. Means you are paying 50% more for this process

Its seems that legal bitcoin exchange rate is too high. By using the prepaid debit card for bitcoin, you can have achieved anonymity and temporary skype number in order to complete your buying process.

Once your account will be approved, no need of further verifications until you are going to use the same email. More than 100 countries buy bitcoin through India coin.

India coin states that process of purchasing take 15 min but it takes some extra time .so, doesn’t lose your hope.

Tags: Easiest bitcoin exchange

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ICO News – Louisiana City Plans to Launch Its Own Cryptocurrency

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According to the Acadia Advocate, the mayor of Lafayette, Louisiana has offered the city to create its own cryptocurrency in order to raise money for public finance, taking a prompt from Berkeley, California. The proposal was made by the mayor-president of Lafayette, Joel Robideaux, at Heymann Center, during his annual address as he called the city a ‘technology hub’ that will advance the government services and diversify the local economy. Currently, the city is in extreme economic straits and the government is planning for the additional taxes.

public finance

Public Finance

Joel Robideaux sees cryptocurrency as a mean to public finance work; also, it allows citizens to contribute in the financing. For him, cryptocurrencies are an alternative for financing public infrastructure. Robideaux said, he was distinguishing that the domain of finance, banking and payment systems has changed persistently, and almost every industry will be soon disrupted. Robideaux dropped the idea of cryptocurrency being promoted by worldwide libertarians in quest of undetectable and unregulated digital currency transactions.

Robideaux didn’t give any detail about how his suggestion for cryptocurrency application to municipal finance will operate, and how he will be encouraging investors to support his idea. Whereas, Berkeley is considering to promote its cryptocurrency with municipal-ties and is looking forward to offer cryptocurrency-enabled “microbonds” in order to support reasonable housing projects.

What does Robideaux see?

According to Joel Robideaux, an ICO will fund a living-lab of blockchain developers, however, he didn’t clarify what the lab would exactly consist of and where it would be sited. He added, the city must diversify its economy to deal with the unemployment which was resulted after the oil crash (2014). Robideaux said the cultural economy of the city is already in existence and will turn out to be the alleviating force in its budget; however, the budget is still in a crisis mode as the over-all fund has been reduced.

Even as the cryptocurrency project of Berkeley is in the developmental phase, councilors in Berkeley have joined with Jesse Arreguin (the mayor) along with “Neighborly,” which is a tech-startup with software engineering support from UC Blockchain Laboratory of Berkeley and its aim is to offer an ICO that would encourage transactions inside the local area.

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Bitcoin could hit $500,000 by 2030

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Now a day, bitcoin is at the top of the cryptocurrency’s list. Accordingly, bitcoin gained fame only in 9 years, read on to find out more about what bitcoin is worth today.

According to the first investor in Snapchat Jeremy Liew and Peter Smith co-founder of the blockchain, Bitcoin is not going to leave its strength. They estimated that the Bitcoin will hit $500,000 by the year of 2030.

Bitcoin-based settlement

All the settlements of the bitcoin move from country to country. World Bank shows the gross product data of last 15 years is 0.76%. Foreigner sends money back to their home. According to the Peter and Liew’s reviews, they found the expensive alternative in form of the Bitcoin. In that scenario, we can say that with the awareness of the bitcoin, its percentage of the settlement also increases day by day.

Uncertainty  

According to the both, bitcoin popularity increases in US, UK and in developing countries. They said, at the consuming and investment level, bitcoin liquidity, its uncertainty, easy ways of transfer making it more flexible and impressive. This is the huge possibility that bitcoin’s market outperformance will make the bitcoin a strong competitor.

Mobile saturation

Peter and Liew said that next years will the time of smartphones. Because noncash transactions will move from 15% to 30%. right now, penetration of the smartphone is 63% which may increase to 78% (63+15), or 93% (63+30). And, this is the expectation that users of the mobile will expand to 1 billion by 2020. GSMA reported that 90% users of this technology are from developing countries. In addition, this makes the easy approach to everything. Everyone has the bank in his pocket, which provide an enhancement to the bitcoin. Accordingly, 50% of the all noncash transactions could be accounted by the bitcoin.

Basic model drivers are as follow;

  • bitcoin price in 2017 is $2809.77
  • bitcoin supply by 2030 will be 20 million
  • 2030’s value and the user of the bitcoin will up to $500,000 and 400 million. Whereas, a value is calculated by taking $10 million market cap and dividing it by 20 million bitcoins (amount of fixed supply of Bitcoin).
  • Market cap of Bitcoin 2030 year is calculated by multiplying the number of the bitcoin holder with its average value.
  • market cap of the bitcoin is $16.4 billion, means each user contain $2,515 worth of bitcoin. Accordingly, it will be increased to the $ 25,000.
  • Bitcoin users increase from 120,000 to 6.5 million in 2017. It could be the beginning, means growth would be 400 million in 2030.

Smith and Liew views

These above are the rough estimation for the year of 2030. Now a day, China plays and important role in bitcoin technology. which means bitcoin is nearly 100% responsible for trading in bitcoin. However, three well-reputed exchanges announce the fee of 0.2% fee on each transaction.

According to the Smith, Bitcoin is at its beginning stage. He says, “The SEC’s ruling wasn’t a surprise to us,”. In addition, he gets that sort of approval. He includes, bitcoin is too much easy to use, whether it is buying or selling process. And, also getting mature in assets sense. We will examine the development of the bitcoin.

Countries are still at the strife stage. As bitcoin didn’t get regulatory approval in the US. Whereas, in Japan, cryptocurrency is legal payment.

Goodluck!

 

Tags: bitcoin settlement

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Shopping with Bitcoins 101

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Bitcoin’s volatility is said to be a nightmare for most merchants because the slightest rise or drop in price is critical.

While in the past, finding bitcoin-accepting merchants was similar to “looking for a pin in a haystack” there are now various options for people to choose from. Bitcoin payment processors like BitPay and Coinbase have assisted merchants by taking on the volatility risk in accepting bitcoins. Merchants can incorporate with a bitcoin payment processor and accept payments through these third-party services. The processor receives the bitcoins and sends the merchant their local currency at the end of the day or week. It is up to the merchants if they’d want a certain amount of they pay to be in bitcoins.

Shopping with Bitcoins

This post will show how and what you can buy using bitcoins, along with a list of stores that cover almost all categories and provide those goods and services.

Keep on reading to know what would be your next purchase!

Shopping with Bitcoin

General:

  • Overstock:

Back in 2014, Overstock was the first billion-dollar company to accept Bitcoin. It’s got everything from furniture to clothing, jewelry, and electronics. Overstock can provide bitcoiners with almost all sorts of items.    

  • Gyft:

Gyft is an electronic gift card retailer that started accepting bitcoins in 2013. Bitcoiners can buy gift cards for Amazon, Best Buy, Delta, Home Depot, Whole Foods, and Walmart. Also, Gyft returns 3% back on Bitcoin purchases, making it competitive with credit card reward programs.

  • Rakuten:

This multibillion-dollar company based in Japan added Bitcoin as a payment method for its US costumers in May 2015. Basically, it’s similar to Overstock, providing almost all of the everyday products.

Travel:

  • Cheap Air:

CheapAir is an online travel agency that helps find costumers reasonably priced flights and hotels. They began accepting bitcoins in November 2013 and by July 2014, had processed over $1.5 million worth of Bitcoin transactions.

  • Virgin Galactic:

Virgin Galactic is a space travel company that accepted its first bitcoin payment in 2013. Richard Benson, the company’s CEO, believes that Bitcoin exchange and space will go a long way in the future if they remain to work together.

  • Expedia:

Expedia is one of the world’s largest online travel companies which started accepting bitcoins for hotel bookings back in 2014.

Computers and Electronics:

  • NewEgg:

NewEgg is one of the world’s most popular computer hardware and software store. It accepted its first Bitcoin payment in 2014 and has offered discounts to costumers paying with bitcoins.

  • TigerDirect:

TigerDirect became everyone’s destination to buy computer hardware, printers and TV sets, when it began accepting bitcoins as payment in July 2013.

  • Dell:

Dell began accepting bitcoins, 2 years after the above-mentioned companies.

Decentralized Market Places:

Where to shop with Bitcoin?

  • OpenBazaar:

OpenBazaar is an open source project to create a decentralized network for peer to peer commerce online—using Bitcoin—that has no fees and no restrictions. Instead of buyers and sellers going through a centralized service, OpenBazaar connects them directly. There is no one in the middle, you only reveal personal information that you choose.

Food & Groceries:

  • Fold:

Fold, teaming up with its sister company Card for Coin, helps to pass on discounts from unused gift cards to bitcoin users, since many are willing to sell gift cards for cash. Card for Coin purchases gift cards at a discount and then spends them for users through Fold. Bitcoin is sent to the wallet address displayed in Fold and within seconds a scannable gift card is ready for use. Right now Fold offers a 20% discount at Starbucks and 3% discount at Target with its AirBitz integration.

 Hire Freelancers:

  • Fiverr:

Fiverr is an online marketplace that is used to buy and sell services. Freelancers offer jobs for as little as $5 and contractors are able to pay for services with bitcoins.

Luxury Items:

  • Bitpremier:

Yachts, mansions, premium domain names, sports cars, and antiques are just a few of the expensive items listed on this bitcoin marketplace.

With the increase of Bitcoin price, the hype makes more businesses view Bitcoin as legitimate and something that can help improve profits. More and more e-commerce sites are trying to become a part of the Bitcoin Community and it won’t be long when you’ll be able to purchase all your groceries and other items from any of these sites, without having to go outside.

Enjoy your shopping spree!

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Bitcoin & Ethereum Drive Cryptocurrency Market Cap Above $150 billion

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Bitcoin and Ethereum’s Gains

It only took a few hours for Bitcoin to shoot back up from $3,894 to $4,264.26 on Wednesday, which caused the total market capitalization of the entire cryptocurrency world to surge above $150 billion.

It’s opposite team mate, Ether, also rose on Wednesday, marking the highest it’s ever been since June. These two unknowingly, drove the market cap of the digital currencies insane.

In particular, at the moment Bitcoin’s market capitalization is around $69.8 billion, which makes it twice as large as Ethereum, its closest rival.

However, Bitcoin has been a tad bit volatile lately, suffering from a 10% drop after it had crossed $4000 earlier. These fluctuations were an after effect of the scaling issue that was recently undertaken by the network. This is intended to increase the transaction sizes in the blockchain network. This new protocol is known as Segregated Witness, which is said to solve the scaling matter.

Related: Bitcoin drops below $4000

 

On the other hand, Ether rose to $324.07, its highest since June 23. It’s known to have doubled since its last low hit in mid-July. Overall, its performance has been well in 2017, as it is up more than 4000%, which brings its market cap to around $30.1 billion.

These recent increases in Bitcoin and Ether have brought together the total market cap of all digital currencies above $150 billion.

 

News Credit: marketwatch.com

 

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