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Over 2,500 Austrian Merchants Can Now Accept Cryptocurrency Payments | Finance Bitcoin News

over 2,500 austrian merchants can now accept cryptocurrency payments | finance bitcoin news

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More than 2,500 merchants in Austria can accept three types of cryptocurrencies via the payment processor Salamantex. The company explained that the system was tested with a number of select A1 5Gi network shops.Since the Covid-19 outbreak, contactless payments have been trending more so than they ever were before. There are a number of traditional services that remove cash from the equation, but cryptocurrencies also provide the same ends except the means are decentralized.This week the Austrian payment processor Salamantex announced that 2,500 merchants in the country will be able to support three different crypto assets via the system. The three supported assets include ethereum (ETH) dash (DASH) and bitcoin (BTC).“Owners of [cryptocurrencies like] bitcoin and dash can be excited. From this summer on, they can spend their coins at more than 2,500 merchants using [the] A1 Payment service – provided the merchant has activated the feature,” Salamantex wrote.The Salamantex team also mentioned how Austrians really like cash, but Covid-19 has changed that trend a great deal. Before the coronavirus outbreak, Austrians were extremely proud of cash and this was reflected in a large poll during the parliamentary election in late September 2019. One young Austrian woman interviewed during the poll …

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Millions of Britons now hold cryptocurrency like bitcoin

millions of britons now hold cryptocurrency like bitcoin

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Not so long ago, sandwiched somewhere in between the EU referendum and the coronavirus pandemic, bitcoin and cryptocurrencies briefly became the hottest global topic.With prices soaring, many blindly took a punt, worried they would miss out on a chance for a quick and large profit – the only way was up and all that Yazz. You heard overheard conversations about buying bitcoin, ripple, ethereum and more everywhere. It seemed everyone was piling in, young and old, with the hopes of turning hundreds or thousands of pounds into something more substantial.Many subsequently had their fingers burnt – bitcoin prices fell from a peak of nearly $20,000 in December 2017 to $3,000 a year later, others saw their currency vanish, exchanges disappear, or were scammed. Bitcoin boom? The FCA has provided a snapshot of crypto BritainA lucky few, likely to have been involved when the price was low and the industry unknown, may have turned a handsome profit.Fast forward to today and while cryptocurrencies remain niche, there is still plenty of interest around bitcoin and the like, with ways to buy it far easier than a few years ago.And for those who managed to buy in at $3,000 a coin in that dip a …

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Is Blockchain Technology Still Futuristic For India’s Finance Sector?

is blockchain technology still futuristic for india’s finance sector?

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The blockchain ecosystem has seen rapid transformation over the last few years. Recovering from the initial hype, it has entered experimentation and stabilization phase where more serious players are exploring how blockchain can be used along with the existing technologies and frameworks.

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Billionaire Bitcoin (BTC) Bull Peter Thiel and Coinbase Are Backing This Little-Known Cryptocurrency

billionaire bitcoin (btc) bull peter thiel and coinbase are backing this little-known cryptocurrency

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Crypto investment heavyweights are backing Reserve, a stablecoin project designed to create a new universal store of value while generating potential profits for investors.
Coinbase Ventures is backing the project, and Reserve executives have now confirmed that Bitcoin (BTC) bull Peter Thiel and Y Combinator president Sam Altman have each purchased a claim to receive tokens in the future.
The stablecoin will be backed by up to 100 on-chain and off-chain assets and utilize a dual token system, as described by crypto researcher Lark Davis.
“Why would a stablecoin go up in value? There’s actually a two-token model. The first is RSR. That is the token I own and the one you will want to buy if you want to invest in Reserve. This token is the governance token, allowing holders to vote on proposals, and it gives rights to arbitrage within the network.
RSR guarantees the collateralization rate of RSV, which is the stablecoin, and it maintains the value of RSV. So when the price of the RSV stablecoin goes above a dollar, then the protocol will sell new or excess RSV for either RSR or tokenized assets to then correct the price. RSR has an automated token …

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