FYI If you're looking to buy seeds on Seedsman using Bitcoin, they use the pricing on Coingate to determine the exchange rate between BTC and the USD/Euro/British Pound
This is a follow-up to yesterday's post where I ask about Bitcoin pricing on Seedsman. In case any of you are looking to purchase using Bitcoin and are closely monitoring the Bitcoin price swings (which can be pretty wild). Per this comment, Coingate is used to process their BTC payments so the exchange rate you see on Coingate aligns pretty well with what you end up paying when finalizing the transaction. Thanks to u/souljasam for emailing them to find out this information!
Bitcoin mentioned around Reddit: FYI If you're looking to buy seeds on Seedsman using Bitcoin, they use the pricing on Coingate to determine the exchange rate between BTC and the USD/Euro/British Pound /r/microgrowery
Are you coming to Iran or already in Iran? If you need to exchange your cryptocurrencies into fiat currencies like USD, Euro, Iranians Rial and etc. let me know. Rates are fair and negotiable. /r/Bitcoin
10-24 14:33 - 'Are you coming to Iran or already in Iran? If you need to exchange your cryptocurrencies into fiat currencies like USD, Euro, Iranians Rial and etc. let me know. Rates are fair and negotiable.' (self.Bitcoin) by /u/msdjaw removed from /r/Bitcoin within 4-14min
11-17 05:19 - 'You can use the [Crypto Bazaar] for direct Bitcoin to Bank transfers at the current exchange rate. You can get only USD though (no euros or pounds). / The good thing is they got an election promotion running currently and t...' by /u/Nichallot removed from /r/Bitcoin within 130-135min
''' You can use the [Crypto Bazaar]1 for direct Bitcoin to Bank transfers at the current exchange rate. You can get only USD though (no euros or pounds). The good thing is they got an election promotion running currently and the trading rate is improved by 10% (limited to 1 use per client and max 9.99 btc per client). ''' Context Link Go1dfish undelete link unreddit undelete link Author: Nichallot 1: **pbaza**.trade Unknown links are censored to prevent spreading illicit content.
today while buying btc from localbtc i introduced bitcoin to a woman who was about to pay the exchange rate for usd to euro
i explained bitcoin to her infront of the tellers, they were in awe of what i was explaining. one of them asked what would make anyone want to own a bitcoin, i told them the fact that people didnt have to deal with banks, and the almost instant transfer of another currency world wide. The woman then left the bank and proceeded to tell me she was going to go home and buy bitcoins instead. :D this made my day awesome
10-04 05:44 - 'Why DeFi will give birth to killer applications in the banking industry?' (self.Bitcoin) by /u/SMOEY removed from /r/Bitcoin within 14-24min
''' The financial system is on the verge of collapse, and there are no superheroes who can turn the tide in the real world. Therefore, we must learn how to rely on our own hands to protect the money we have earned. Currently, the best way is to store funds outside the traditional financial system. Decentralized finance, or DeFi for short, may become a killer application in the banking industry. What exactly is DeFi? This is an ecosystem of financial applications built on the blockchain (especially Ethereum), which can operate independently without the intervention of third parties or intermediaries. In 2020, the DeFi economy has grown by US$4 billion and is currently one of the fastest growing sectors in the financial sector. The main problem with DeFi Currently the only truly decentralized financial application is Bitcoin. Anyone with access to the Internet can store and transfer funds in a decentralized manner. But DeFi has made a further commitment: to introduce decentralization into the mainstream public view. This will provide a global and open alternative to all financial services including savings, loans, investment and insurance. Next, we will introduce three DeFi use cases that are sufficient to disrupt the traditional banking industry: 1. Stablecoins Stablecoin is the first DeFi use case to achieve a blowout development. The idea of ”a cryptocurrency free from the long-term instability of Bitcoin” is very attractive to many people. On the one hand, it has price stability similar to the US dollar or the euro; on the other hand, it also has the speed and convenience of cryptocurrency. The stablecoin perfectly combines the advantages of the two. Currently, about 80% of encrypted transactions are conducted through Tether stablecoin. At the same time, other companies, such as USDC, TruUSD, Dai or PAX, have also experienced explosive growth in the past year. Therefore, the stable currency market definitely deserves our continued attention and expectation. After all, most bank customers are tired of inefficient and expensive services and increasing government supervision. 2. Decentralized Exchanges Decentralized exchange (DEX) is one of the most breakthrough innovations derived from DeFi. In recent years, the number of DEX has also shown explosive growth. According to data from Dune Analytics, monthly transaction volume in 2020 has grown to nearly $12 billion. So, what is DEX? The essence of DEX is a cryptocurrency platform, users’ assets can be traded without going through an exchange. Therefore, the risk of being stolen and attacked by hackers can be greatly reduced. Currently, the most popular DEX platforms are Curve, Balancer, 0x, Dydx, Kyber, Bancor, IDEX, Oasis and Gnosis Protocol. But in fact, the ultimate reason for attracting people to join DEX is the growing and more complex “know your-client process (KYC)” demand. It stripped the anonymity of customers and caused financial exclusion of more than 2.4 billion people. They are like cancer, engulfing the entire banking system alive. 3. Borrowing and Lending Applications To say the most compelling development in the DeFi field, one has to mention decentralized lending platforms. The DeFi lending platform can provide loans to users or companies without any intermediaries. Anyone can deposit their available assets into the shared loan pool, and those who want to borrow can withdraw assets from the pool. Currently, the most popular DeFi loan platforms are Compound, Maker, Aave and dYdX. At the same time, companies such as Blockfi, Celsius, CRED, Nexo and Crypto.com also provide annual interest rates of up to 10%. The lending platform enhances the flexibility of banking business and removes strict threshold restrictions on the location, identity, and assets of customers. This use case is expected to lead DeFi into the mainstream market. 4. Insurance The form of DeFi insurance is still relatively conservative. It mainly acts as a safety net in the DeFi ecosystem. Users no longer need traditional banks or institutions to ensure the safety of their deposits. Although decentralized insurance is not popular in the entire DeFi community at present, it is likely to disrupt the entire insurance industry in the future. If you want to learn about insurance products other than traditional insurance companies, you can check out Nexus Mutual, Opyn, Etherisc and CDx. Next, where are we going? DeFi is an interesting idea with trillions of dollars in potential. If we compare DeFi with the traditional financial system, it is not difficult to find the fatal attraction in DeFi. As you can see, some DeFi projects have replaced part of the business in the centralized encryption economy, and it will not be long before it will begin to replace the traditional banking and insurance industries. Now, the financial system needs to be repaired-to make it more transparent, open and efficient. Otherwise, if we don’t properly wrap up this broken financial system, 20 years later, we will eventually pay for our stupidity at this moment. Source:[[link]2 ''' Why DeFi will give birth to killer applications in the banking industry? Go1dfish undelete link unreddit undelete link Author: SMOEY 1: tr**ple.net*ork/2020***441*.*tml 2: t*u**le.net*ork/2020*00**11*html]^*1 Unknown links are censored to prevent spreading illicit content.
Now transactions in the TkeyNet network are instant. You won’t even notice how the TKEY delivers to the recipient. For example, when you send a payment from card to card, and after a few seconds, the money is in the recipient’s possession. Despite the fast speed of transactions, the system has not only preserved its security properties but also strengthened them and still works on the blockchain.
“The chain of information a store on every computer in the network. The addition of information occurs by using cryptographic functions, allowing you to identify the information for any period. When a new data block adds to the TkeyNet network, the integrity of all previous information confirm by the entire TkeyNet, and each node checks its integrity.”
What is it for, and how does the “Financial Marketplace module” work?
TkeyNet combines various assets in a single system, creating instant access to liquidity. Digital exchanges connect to TkeyNet and provide assets for exchange: BTC, USDT, ETH, and others. For example, Kraken connects to TkeyNet and provides digital assets: ETH, ETC. Binance: USD, BTC. Bitfinex: USDT, EOS, etc. Exchanges can provide any assets that trade on their platforms. The blockchain acts as a Registrar of financial transactions. Accounts, balances, and orders store in a distributed registry TkeyNet, and copies of data to distribute across network TkeyNet nodes. Payment routing is implemented in the TkeyNet system, which allows you to track not only balances but also distribute transactions without the participation of any party. The user, in turn, has quick access to transactions with digital currencies, regardless of the blockchain used: Bitcoin, Ethereum, EOS, or any other, transactions are recorded in TkeyNet, and transactions are processed instantly.
“The task of the platform is to automate the interaction of the parties and ensure the convenience of performing operations. — This is the core element of a trusted environment.”
In addition to digital assets, the “Financial Marketplace module” includes working with Fiat currencies, stocks, bonds, as well as raw materials: oil, gas, diamonds, etc. — This means that payment systems, banks, currency exchanges, commodity exchanges, and other financial market participants, are also connected to the TkeyNet blockchain.
Payments between companies in a few seconds
https://preview.redd.it/v84fizszvdp51.png?width=1920&format=png&auto=webp&s=e501b06661b2a960fe75abe07a1aba5177db620d Companies can make payments in seconds, not days. TkeyNet can seriously mitigate the adverse risks of extraterritorial sanctions against the financial system of the countries if such follow. Also, the ability to conduct internal and cross-border transfers through an independent financial channel directly to the counterparty at high-speed is beneficial to business and the state from any point of view. Each user will be able to make quick transfers to counterparty wallets, exchange digital currency for another or fiat money at the current exchange rate.
What else is interesting? — Applications
Developers can connect to TkeyNet and get access to a large-scale pool of liquidity: digital currencies, stocks, precious metals, etc. This solution not only reduces development costs but also allows you to get access to the best prices and fast exchanges. You can create any financial application, regardless of the market usage: a cryptocurrency, or financial markets. Developers can create a digital Bank or exchange, fast connect the app, and TkeyNet using the API.
“By working with partners around the world, we can significantly increase our market share in this business, providing our partners with ready-made tools without risks.”
And also regardless of the applications that will be created by partner developers. The company will provide its interfaces that will provide access to various types of assets — digital currencies: BTC, USDT, ETH, etc.; Fiat currencies: euros, dollars, pounds, etc.; securities and commodity assets. https://preview.redd.it/23whmnm1wdp51.png?width=679&format=png&auto=webp&s=52bf10bf43268f835cff981a110d41528b838a89 Anywhere in the world, at any time, the system user will have access to the desired currency without having to exchange one for another. Also, when implementing the application for NFC payments, it will become even easier to use the system. However, even with the availability of several types of currencies, such as the pound, dollar, and euro, it is easy to make payments abroad.
“According to the World Bank, more than 1.7 billion adults are still not covered by banking services, but two-thirds of them have a mobile phone that can help them access financial services. — This tells us one thing: the traditional banking approach is exceptionally inefficient. Lack of infrastructure: a network of ATMs, fees and deposits, a network of cashiers, and internal money transfer programs are just some named obstacles to creating a real banking experience.”
Imagine that in one app you have access to Apple shares, Tesla shares, gold, precious metals, rubles, dollars, and even oil if you want. TkeyNet — makes this possible. TkeyNet is an industrial solution designed for companies and users at the same time. Since payments in the system are very fast, a person can store and send money in any asset they want. This flexibility creates an open market, which is necessary at present.
TkeyNet back-end — completed. Currently, we are actively working on the front-end side. Regardless of working on the front-end side, the TkeyNet system is tested on an ongoing basis.
Crypto market, reliability, and investments. Which cryptocurrencies are worth paying attention to? “Cryptocurrencies offer forgotten and oppressed people an opportunity to participate in the global economy,” Congressman Paul Gosar, Representative from Arizona, USA.1 It was in 2017 that cryptocurrency exploded. The market capitalization of all cryptocurrencies in March 2017 was about 21 billion dollars, whereas nowadays it is over 454 billion dollars. However, the market is no longer just about bitcoins. Other cryptocurrencies have also entered this space and shown incredible results over the past year. What are stablecoins and tokens? Stablecoin is a cryptocurrency with low price volatility. Its value does not change too much over time, as the US dollar or euro have a stable value compared to many cryptocurrencies. Besides, when dealing with cryptocurrencies, reverting to fiat currencies like the US dollar is usually slow and expensive. Stablecoins are the best of both worlds. They offer price stability for stable assets as well as the speed and convenience of cryptocurrencies. Crypto tokens are special types of virtual currency tokens that reside in their own blockchains and represent an asset or utility. They are most often used to raise funds for mass sales, but they can also be used as replacements for other things. Tokens are also an ideal tool for interacting with social media platforms. People spend 1.7 hours a day browsing social media in the US (according to We Are Social), and much less time watching TV or reading magazines. For startups as well as for established brands looking to connect with consumers through social media, personalized tokens can be a tool for more direct interaction with your followers and potential clients. Tokens can ultimately help companies gain immediate support in the ultra-competitive markets developed in the limited world of fiat money. Most popular stablecoins Stablecoins are becoming more and more popular. Many people like the idea of a cryptocurrency without chronic volatility in the price of bitcoins. However, there are many stablecoins now, and it is important to choose the one you need. Let's take a look at the top 5 stablecoins of 2020. 1.Tether is by far the most famous and most used stablecoin in the world. It has been around for many years and has one of the highest usage rates of any cryptocurrency in the world. It is estimated that about 80% of all cryptocurrency trading in the world takes place through the stablecoin Tether. Tether is backed by the US dollar. This means that any time, you could trade it your Tether for US dollars with the holding company. 2.USDCoin is the official stablecoin of the reputable crypto exchange Coinbase. It aims to be a more tightly regulated and transparent stablecoin than Tether. The coin has obtained financial licensing to operate in the jurisdictions it operates in. Companies and bank accounts that hold foreign exchange reserves for USDCoin are regularly audited to ensure that clients can rest assured that their funds are safe and compliant. 3. TrueUSD is another stablecoin backed by the US dollar. It doesn’t have the above-mentioned stablecoin adoption rates, but it does have a lot of potential. 4. DAI is a stablecoin that is very different from those supported by fiat currencies. 5. Paxos Standard is another alternative to Tether with a much greater emphasis on regulation, transparency, and money laundering risk reduction. This is an attempt to prevent Paxos from being used as a money-laundering tool. Summary. Fixed value currencies are an integral part of any economic system. Stablecoins are gaining popularity in the world of cryptocurrencies, and there are many players in the market competing for the first place. 9 factors to consider when choosing a cryptocurrency for investment 1) Community. Before investing, check what people are saying about your potential investment. 2) Team. One of the main things you can research is the cryptocurrency team. In fact, researching and verifying the team behind the cryptocurrency is one of the most important factors to pay attention to. 3) Technology. Much of the success of a cryptocurrency depends on its underlying technology. You need to understand how the cryptocurrency will perform against competitors, and what makes its technology stand out. For example, Ethereum has such an innovative technology that makes it easier for developers to create larger-scale applications. 4)Whitepaper is one of the best places to evaluate the fundamentals of a coin. You should never invest in a cryptocurrency until you have read their whitepaper. You may have to get over technical jargon in a whitepaper, but don’t let it discourage you. This document is 100% worth reading because it is such a rich source of information. Plus, the more whitepapers you read, the better you'll be able to identify long-term winners in the cryptocurrency market. 5)Vision of the creators. You need to be sure that the coin will last for at least the next 5-10 years, and if its creators don't think long term, you should be seriously worried. 6) Project leaders. See if they are personally investing in the project. Look at other projects of the developers of this cryptocurrency, check if they have relevant experience. Do they have a reputation as a CEO? Read what project leaders say about the coin and what they are trying to accomplish. 7) History of pricing. Have you ever heard the saying: "The best predictor of future behavior is past behavior?" Of course, it is not always the case, especially with cryptocurrencies. However, price fluctuations give you a compelling story behind a coin and whether it will be a safe investment in the future. 8) Trust and reputation. Browse crypto communities and see what people have to say about the coin. Avoid scams and cryptocurrencies similar to MLM schemes or pyramid schemes. And if you want a real-world example, check out the controversy behind BitConnect. 9) Roadmap. When deciding which cryptocurrency to invest in, look for a coin with clear development plans. This is the key to long-term success. Here are a few things to pay attention to: · A clear time frame for the development of a coin. No clear deadlines may indicate a lack of commitment from the development team. · When do they plan to release major updates? · If a coin has a limited number of coins in circulation, when is this limit expected to be reached? Summary Regardless of whether you want to invest in cryptocurrencies, trade, mine, store, keep or avoid political blockages and economic crises, cryptocurrency can help you secure your income while being able to invest in the best possible way in your country or elsewhere within the limits of blockchain security. Crypto exchange Cratos understands the security and reliability needs of corporate clients well. If you have any doubts about which cryptocurrency to invest in, we will help you make the best choice based on your current needs — investment, transaction speed, security, etc.
Looking for Buy and Sell Perfect Money in India With Google Pay,PayTm,Upi,Wire Transfer,Imps,Debit or Credit Card. We understand that buy Perfect money or Sell Perfect money Or Exchange Perfect money can be extremely confusing and frustrating In india. Luckily for you, this site has sample information to help you.We made buying easy.
Buy | sell Exchange rate of perfect money in IndiaInr to Pm Rs.98/$ |Pm TO Inr Rs.72/ Whatever you want to buy, May be it Perfect money, Bitcoin, Ethereum, Bitcoin Cash,Webmoney,Payeer, Litecoin,Perfect Money EURO. Skrill USD. We have many banks to receive your payment seamlessly without stress. WHAT PAYMENT OPTIONS WE HAVE We have many payment options for accepting your payment without any stress,Like we accept Cash Deposit, Internet Banking transfers,Perfect Money,Western Union,VISA and Master Card Upi,PhonePay,Gpay,Amazonpay,Imps,Neft,PayTm BUY AND SELL RATE OF PERFECT MONEY CHANGED TIME TO TIME Latest Exch Rate:- Inr to Perfect Money :- Rs.98 | Perfect Money to Inr :- Rs.65 Way to Exchange INR to Perfect Money USD. As a earlier we committed to our Clients "We made buying Easy" So exchanging of your local currency like indian rupees or (Inr) to Perfect money USD are very easy,You only need to contact us on our 24x7 days working whatsapp no.+91-9431530088 (Click here to direct connection on our whatsapp). When you are in connect with our customer care executive then ask your question like what you want buy,sell or exchange.Our executive guaranteed help to buy or sell perfect money instantly with lots of payment option,So why are thinking just try to click bellow whatsapp logo to connect with our executive. 📷 Why we Choose E-exch.net The reason behind choosing us is transparent,We are India's Most trusted and reliable Perfect Money Exchanger Since 2017,We Have More than 11k Satisfied clients,Our way to accepting payments are easy like We accept Bank wire IMPS,UPI,GOOGLE PAY,PayTm ,We provide 24x7 days instant chat support on WhatsApp,Our exchange fee lowest in market,Our whole system are Most secure and safe because we work on world most trusted app WhatsApp only. Instant order processing,No signup,No order form filling,Just connect on whatsapp and do your txn live with live agents. | Order now With Whatsapp |+91-9431530088,
We understand that buy Perfect money ,Sell Perfect money Or Exchange Perfect money can be extremely confusing and frustrating In india. Luckily for you, this site has sample information to help you.We made buying easy. Perfect Money India
Looking for Buy and Sell Perfect Money in India With Google Pay,PayTm,Upi,Wire Transfer,Imps,Debit or Credit Card
Whatever you want to buy, May be it Perfect money, Bitcoin, Ethereum, Bitcoin Cash,Webmoney,Payeer, Litecoin,Perfect Money EURO. Skrill USD. We have many banks to receive your payment seamlessly without stress. WHAT PAYMENT OPTIONS WE HAVE We have many payment options for accepting your payment without any stress,Like we accept Cash Deposit, Internet Banking transfers,Perfect Money,Western Union,VISA and Master Card Upi,PhonePay,Gpay,Amazonpay,Imps,Neft,PayTm
BUY AND SELL RATE OF PERFECT MONEY CHANGED TIME TO TIME
Latest Exch Rate:-Inr to Perfect Money :- Rs.98| Perfect Money to Inr :- Rs.65
Way to Exchange INR to Perfect Money USD.
As a earlier we committed to our Clients "We made buying Easy" So exchanging of your local currency like indian rupees or (Inr) to Perfect money USD are very easy,You only need to contact us on our 24x7 days working whatsapp no.+91-9431530088 (Click here to direct connection on our whatsapp). When you are in connect with our customer care executive then ask your question like what you want buy,sell or exchange.Our executive guaranteed help to buy or sell perfect money instantly with lots of payment option,So why are thinking just try to click bellow whatsapp logo to connect with our executive. 📷
Why we Choose BuySellperfectmoney.Com
The reason behind choosing us is transparent,We are India's Most trusted and reliable Perfect Money Exchanger Since 2017,We Have More than 11k Satisfied clients,Our way to accepting payments are easy like We accept Bank wire IMPS,UPI,GOOGLE PAY,PayTm ,We provide 24x7 days instant chat support on WhatsApp,Our exchange fee lowest in market,Our whole system are Most secure and safe because we work on world most trusted app WhatsApp only. Instant order processing,No signup,No order form filling,Just connect on whatsapp and do your txn live with live agents. | Order now With Whatsapp |+91-9431530088, 📷 What We Offer
Fiat Currency to Cryptocurrency Calculator App . Real-time rates from multiple exchanges.
Hey, Developed my first react project that helps you calculate the equivalent amount from fiat money to cryptocurrencies and vice-versa. Website - Pingrates(https://pingrates.herokuapp.com/) Currently, it supports five cryptocurrencies. Looking to add more later on.
Bitcoin ( BTC )
Ethereum (ETH )
Ripple ( XRP )
Litecoin ( LTC )
Bitcoin Cash ( BCH )
Primarily it supports three fiat currencies and many more by using appropriate exchange rates. For all other currencies rates are calculated using USD Rates and Coinbase Forex rates.
US Dollar ( USD )
British Pound ( GBP )
Euro ( EUR )
Currently, it provides live rates from three Exchanges. Working on adding more soon!
For Desktop user's Notification Alerts are provided which will be delivered using Web Notifications. Just Allow Notifications in Browser and you will receive small popups whenever the conditions are met.
If you have any issues, queries, or find any bugs please comment down or contact me on the E-mail ID provided on the website.
Fiat Currency to Cryptocurrency Calculator. Real-time rates from multiple exchanges.
Hey, Developed a small project that helps you calculate the equivalent amount from fiat money to cryptocurrencies and vice-versa. Website - Pingrates(https://pingrates.herokuapp.com/) Currently, it supports five cryptocurrencies. Looking to add more later on.
Bitcoin ( BTC )
Ethereum (ETH )
Ripple ( XRP )
Litecoin ( LTC )
Bitcoin Cash ( BCH )
Primarily it supports three fiat currencies and many more by using appropriate exchange rates. For all other currencies rates are calculated using USD Rates and Coinbase Forex rates.
US Dollar ( USD )
British Pound ( GBP )
Euro ( EUR )
Currently, it provides live rates from three Exchanges. Working on adding more soon!
For Desktop user's Notification Alerts are provided which will be delivered using Web Notifications. Just Allow Notifications in Browser and you will receive small popups whenever the conditions are met.
If you have any issues, queries, or find any bugs please comment down or contact me on the E-mail ID provided on the website.
Cryptocurrency’s promise is to make money and payments universally accessible– to anyone, no matter where they are in the world. The Decentralized Finance (DeFi) or Open Finance movement takes that promise a step further. Imagine a global, open alternative to every financial service you use today — savings, loans, trading, insurance and more — accessible to anyone in the world with a smartphone and internet connection. This is now possible on smart contract blockchains, like Ethereum. “Smart contracts” are programs running on the blockchain that can execute automatically when certain conditions are met. These smart contracts enable developers to build far more sophisticated functionality than simply sending and receiving cryptocurrency. These programs are what we now call decentralized apps, or dapps. You can think of a dapp as an app that is built on decentralized technology, rather than being built and controlled by a single, centralized entity or company. (Get used to this word, dapp, you’ll be seeing it a lot from here on out.) While some of these concepts might sound futuristic–automated loans negotiated directly between two strangers in different parts of the world, without a bank in the middle– many of these dapps are already live today. There are DeFi dapps that allow you to create stablecoins (cryptocurrency whose value is pegged to the US dollar), lend out money and earn interest on your crypto, take out a loan, exchange one asset for another, go long or short assets, and implement automated, advanced investment strategies.
What differentiates these DeFi dapps from their traditional bank or Wall Street counterparts?
At their core, the operations of these businesses are not managed by an institution and its employees — instead the rules are written in code (or smart contract, as mentioned above). Once the smart contract is deployed to the blockchain, DeFi dapps can run themselves with little to no human intervention (although in practice developers often do maintain the dapps with upgrades or bug fixes). The code is transparent on the blockchain for anyone to audit. This builds a different kind of trust with users, because anyone has the opportunity to understand the contract’s functionality or find bugs. All transaction activity is also public for anyone to view. While this may raise privacy questions, transactions are pseudonymous by default, i.e. not tied directly to your real-life identity. Dapps are designed to be global from day one — Whether you’re in Texas or Tanzania, you have access to the same DeFi services and networks. Of course, local regulations may apply but, technically speaking, most DeFi apps are available to anyone with an internet connection. “Permissionless” to create, “permissionless” to participate — anyone can create DeFi apps, and anyone can use them. Unlike finance today, there are no gatekeepers or accounts with lengthy forms. Users interact directly with the smart contracts from their crypto wallets. Flexible user experience — don’t like the interface to a certain dapp? No problem — you can use a third party interface, or build your own. Smart contracts are like an open API that anyone can build an app for. Interoperable — new DeFi applications can be built or composed by combining other DeFi products like Lego pieces — e.g. stablecoins, decentralized exchanges, and prediction markets can be combined to form entirely new products. DeFi is now one of the fastest growing sectors in crypto. Industry observers measure traction with a unique new metric — “ETH locked in DeFi”. At the time of writing, users have deposited over $600 million worth of crypto into these smart contracts. Intrigued? Let’s take a closer look at just a few of the popular DeFi dapps out there that you can try today. You’ll need a cryptocurrency wallet with a built-in dapp browser (like Coinbase Wallet) to connect to these dapps. You can also use most of these dapps on desktop by selecting the Coinbase Wallet option and scanning a QR code. It’s still early days for dapps, so DeFi users should do their research on new products and services. Like any computer code, smart contracts can be vulnerable to both unintended programming mistakes and malicious hacks.
Stablecoin and Decentralized Reserve Bank: MakerDAO
Maker is a stablecoin project where each stablecoin (called DAI) is pegged to the US Dollar and is backed by collateral in the form of crypto. Stablecoins offer the programmability of crypto without the downside of volatility that you see with “traditional” cryptocurrencies like Bitcoin or Ethereum. You can try creating your own DAI stablecoin on the Maker Oasis dapp. Maker is more than just a stablecoin project, though–it aspires to be a decentralized reserve bank. People who hold a separate but related token, MKR, can vote on important decisions like the Stability Fee (similar to how the Federal Reserve’s Federal Open Market Committee votes on the Fed Funds rate). Another stablecoin with a different architecture is USD Coin (USDC), where every USDC token is backed by one US dollar held in an audited bank account. Borrow and Lend: Compound Compound is a blockchain-based borrowing and lending dapp — you can lend your crypto out and earn interest on it. Or maybe you need some money to pay the rent or buy groceries, but your funds are tied up in your crypto investments? You can deposit your crypto to the Compound smart contract as collateral, and borrow against it. The Compound contract automatically matches borrowers and lenders, and adjusts interest rates dynamically based on supply and demand. Other popular borrow/lend dapps are Dharma and dYdX. Aggregators like LoanScan track borrow/lend interest rates across the various dapps, so you can shop around for the best rates. Automated Token Exchange: Uniswap Uniswap is a cryptocurrency exchange run entirely on smart contracts, letting you trade popular tokens directly from your wallet. This is different from an exchange like Coinbase, which stores your crypto for you and holds your private keys for safekeeping. Uniswap uses an innovative mechanism known as Automated Market Making to automatically settle trades near the market price. In addition to trading, any user can become a liquidity provider, by supplying crypto to the Uniswap contract and earning a share of the exchange fees. This is called “pooling”. Other popular Decentralized Exchange platforms (DEXes) include 0x, AirSwap, Bancor, Kyber, IDEX, Paradex and Radar Relay. All have slightly different architectures. Prediction Markets: Augur Augur is a decentralized prediction market protocol. With Augur, you can vote on the outcome of events, except you put ‘skin in the game’ by attaching a value to your vote. Prediction market platforms like Augur and Guesser are nascent, but offer a view into a future where users can make better predictions by tapping into the wisdom of the crowd. Synthetic Assets: Synthetix Synthetix is a platform that lets users create and exchange synthetic versions of assets like gold, silver, cryptocurrencies and traditional currencies like the Euro. The synthetic assets are backed by excess collateral locked into the Synthetix contracts. No-loss savings games: PoolTogether The composability of DeFi lends itself to infinite new possibilities. PoolTogether is a no-loss game where participants deposit the DAI stablecoin into a common pot. At the end of each month, one lucky participant wins all the interest earned, and everyone gets their initial deposits back.
So what’s next for DeFi?
Money and finance have been around in one form or the other since the dawn of human civilization. Crypto is just the latest digital avatar. In upcoming years, we might see every financial service that we use in today’s fiat system being rebuilt for the crypto ecosystem. We’ve already seen asset issuance and exchange, borrowing, lending, custody, and derivatives built for crypto. What’s next? The first generation of DeFi dapps rely heavily on collateral as a safeguard. That is, you need to already own crypto and provide it as collateral in order to borrow more crypto. More traditional unsecured borrowing and lending will need to rely on an identity system, so that borrowers can build up credit and increase their borrowing power, much like today’s SSN and FICO scores. Unlike today’s identity and credit systems however, a decentralized identity will have to be both universal and privacy-preserving. We’re also seeing innovation in the insurance space. Many of today’s DeFi loans are overcollateralized (meaning that loans seem inherently safe because of the generous cushion of assets held in reserve). But the black swan for DeFi is smart contract vulnerabilities. If a hacker finds and exploits a bug in the open source code for a dapp, millions of dollars could be drained in an instant. Teams like Nexus Mutual are building decentralized insurance that would make users whole in the event of smart contract hacks. Another trend we’re seeing is better user experience. The first generation of dapps was built by blockchain enthusiasts for blockchain enthusiasts. These dapps did a great job of demonstrating exciting new DeFi possibilities, but the usability left something to be desired. The latest iterations of DeFi apps are prioritizing design and ease of use in order to take open finance to a wider audience. In the future, we expect that crypto wallets will be the portal to all your digital asset activity, just like an internet browser today is your portal to the world’s news and information. Imagine a dashboard that shows you not just what assets you own, but how much you have locked up in different open finance protocols–loans, pools, and insurance contracts. Across the DeFi ecosystem, we’re also seeing a move towards decentralizing governance and decision-making. Despite the word “decentralized” in DeFi, many projects today have master keys for the developers to shut down or disable dapps. This was done to allow for easy upgrades and provide an emergency shutoff valve in case of buggy code. However, as the code becomes more battle-tested, we expect developers will give up these backdoor switches. The DeFi community is experimenting with ways to allow stakeholders to vote on decisions, including through the use of blockchain-based Decentralized Autonomous Organizations (DAOs). Something magical is happening in the open financial system — crypto is bringing money online, and we’re seeing a quantum leap in what’s possible when it comes to the functionality of money. It’s a rare opportunity to see an entirely new industry blossom from scratch. The DeFi space will at first play catch up with today’s financial services industry. But over time, it’s hard to even fathom what innovations will come about when the power to build financial services is democratized to anyone who can write code.
Newbie question: How to tell whether the value of Bitcoin you own has increased or decreased?
I've been looking at Coinbase but cant figure out how to tell whether the value of Bitcoin you own has increased or decreased in value. In the various overview windows on the app/website I've noticed there are green and red numbers listed beside the current price - but I believe that is related to the current value benchmarked against the historical value covering various timeframes: houday/month/yeaall . While interesting, I'm curious to also know how much ones own Bitcoin has gone up or down and wondering whether there is a way to easily see or to calculate the difference yourself? I find it a bit hard to deduce when you've made numerous transactions of varying amounts at various valuations. Would appreciate if someone can explain this to a newbie. Thank you.
Bitcoinsxchanger is the most popular platform and its currency converter provides a fast-confirmed currency from Exchange Dogecoin to the US dollar. We're here to make sure you can make Dogecoin conversions at the latest exchange rate. We have an amazing currency calculator that offers a perfect method for investors to international in the stock market for various currencies. The method of converting from Dogecoin to the dollar can be performed at both present and historical levels – to do so, pick the appropriate exchange rate date. For a fact, the currency converter displays the closing rate of the previous day as well as the maximum and lowest exchange rate for any cryptocurrency, like Bitcoin and Dogecoin. Bitcoinsxchanger currency calculator also provides offers other exchange rates for about 160 international currencies. How to convert Dogecoin This might seem very easy to pick up any Dogecoin, but until now it has been difficult to convert Dogecoin into cash. It was considered to be a difficult task for anyone interested in turning their Dogecoins into government-backed currency with larger acceptance to make an individual deal with anyone willing to exchange for Bitcoin, which could then quickly be exchanged for dollars, Euros, and the like. However, this intermediate step not only made the entire method considerable more costly but also added a risk factor. The new and modern technology to convert Dogecoin into dollars easily and comfortably will alter the nature of how the currency is used. DOGE VALUE CALCULATOR Dogecoin Value Calculator is a popular device found on nearly any crypto exchange platform. This device is commonly available, and developers, dealers, and miners are constantly utilizing various cryptocurrency calculators. This is used to measure the expense of digital money and to determine the productivity of the company. You will find a number of calculators that would be helpful to leaders in the digital currency community. Bitcoinsxchanger is a crypto exchange service that uses a cryptocurrencies value calculation tool. You can convert bitcoins to fiat currencies, so you should learn the prices. Dogecoin To Perfect Money The Perfect Money account allows e-payment transactions really simple. Users are enabled to make online payments to other digital currency platforms and vice versa. This system may be made to enable automatic exchanges to all of the Internet companies concerned. Cryptocurrency offers you a simple method to convert Dogecoins to Perfect Money. The limit or the minimum amount allowed in an account is $1000 and the interest rate is up to 4 percent a month. Transferring money to and from an account is also achieved by currency conversion, bank transfers, other payment systems, and e-Vouchers. The one feature that helps Perfect Money stand out from the others is the opportunity of users to buy gold, dollars, and dollars in real-time. Buy and sell dogecoin with PayPal There may be a number of ways to buy and sell Dogecoin with Paypal. Paypal deals for huge bitcoin, Ripple, and other cryptocurrency platforms. However, there are some of the internet markets that have accrued invisible payments where you have to pay after doing the transaction, which in short is a trap. Here on our platform, you wouldn't get the sort of patronized investing because we believe in accountability for our customers. It will be very easy for you to use our platform. You just need to take a few steps. Next, you need to exchange money to dogecoin and hold it in the e-wallet that has a special code after you get it you can sell dogecoin with PayPal and pass it to USD dollars. Once again, don't go to the person who has secret costs and who has the best rates for our services. https://preview.redd.it/xqcihljtk3j51.jpg?width=604&format=pjpg&auto=webp&s=d17e4c4260d9e46516e659c70ce68eaf86ea3542
Bitcoins Cashout - Current Bitcoin Value Exchange BTC To USD
This site bitcoin cashout is the perfect spot to get trade your bitcoin to pm on the most straightforward and basic way we are bargain in a wide range of computerized money; we have the best trade administrations for you. We additionally bolster your BTC on versatile. You can sell or purchase your bitcoin anyplace on the planet. You can trade your bitcoin into us dollar. This will consistently give you the best administrations over the globe. We can change over BTC into us dollar with PayPal at a low expense. In the event that you are stressed over how do i cash out bitcoins with paypal, you are in the opportune spot in light of the fact that different locales charge a high expense for trade bitcoin money out, however this site is free for our adored clients, you can money out your BTC with PayPal and trade them at a low value, we are the best accomplice of your computerized cash portfolio. This site is dependable for you. Everybody has his logins and passwords on the grounds that your security is generally weak for us. With this, you can utilize western association for trade btc in a flash with the most minimal expense. We manage okpay, crypto, PayPal, skrill,coinbase , and so forth. Best for individual similarly as business use, extended security settings, supporting euros, dollars, pounds, peso, Indian rupee, and anything is possible from that point. Best program while keeping ease in simple to utilize the dashboard to change the monetary framework right away. Might you want to be remain invigorated with crypto news, coins, tokens computerized assets, bits satoshi, etc light charts, portfolio tracker, cash converter including fiat. Become more familiar with best a perfect chance to place assets into blockchain adventure, sell crypto assets at a high rate for crypto to fiat cash converter. It's by and by easy to sell bitcoin as a bitcoin dollar exchange seller. You can set your costs, and the upside of in excess of 300 portion choices to get paid for the bitcoin you sell. As bitcoin cashout is a common business community, you can sell your bitcoin truly to in excess of 3 million customers around the world. Our establishment makes it inconceivably straightforward for students and veterans the equivalent to make an advantage.
This site bitcoin cashout is the right place to get exchange your bit coin to dollars on the easiest and simple way we are deal in all types of digital currency; we have the best exchange services for you. We also support your BTC on mobile. You can sell or buy your bitcoin anywhere in the world. You can exchange your bitcoin into us dollar. This will always give you the best services across the globe. We can convert BTC into us dollar with PayPal at a very low fee. If you are worried about how do i cash out bitcoins with paypal, you are in the right place because other sites charge a very high fee for sell bitcoin for paypal , but this site is free for our loved customers, you can cash out your BTC with PayPal and exchange them at a very low price, we are the best partner of your digital currency portfolio. This site is reliable for you. Everyone has his logins and passwords because your privacy is most impotent for us. With this, you can use western union for exchange btc instantly with the lowest fee. We deal with okpay, crypto, PayPal, skrill,coinbase , etc. Best for individual just as business use, expanded security settings, supporting euros, dollars, pounds, peso, Indian rupee, and the sky is the limit from there. Most effective program while keeping effortlessness in easy to use the dashboard to transform the financial system immediately. Would you like to be stay refreshed with crypto news, coins, tokens digital resources, bits satoshi, and so on candle diagrams, portfolio tracker, money converter including fiat. Become more acquainted with best an ideal opportunity to put resources into blockchain venture, how to cash in bitcoin for dollars possessions at a high rate for crypto to fiat money converter. It's presently simple to sell bitcoin as a bitcoin dollar exchange seller. You can set your prices, and the advantage of more than 300 installment alternatives to get paid for the bitcoin you sell. As bitcoin cashout is a shared commercial center, you can sell your bitcoin legitimately to more than 3 million clients worldwide. Our foundation makes it incredibly simple for learners and veterans the same to make a benefit.
Greetings! 🤗 In this post, we will tell you about GLD token and its features. Token is a specialized accounting unit used to display the balance of crypto assets, that is, bitcoins or some kind of altcoins. Simply put, any cryptocurrency with which the speculator and investor wants to work is calculated in tokens. Another area of active use of the term “token” refers to the release of new altcoins, and more specifically, to the #ICO procedure. Here, tokens denote coins that exist as part of a blockchain project, for the full completion of which an ICO is carried out. The organizers announce the initial issue of coins, which are not yet #cryptocurrency. These are #tokens. Investors are buying up the amount of assets set by the developers and in this way give the missing funds. After the official presentation of the launch of the blockchain project, tokens are accepted into the overall rating of the cryptocurrency market and become full-fledged altcoins. Now you cannot call such coins tokens, since they are already becoming full-fledged cryptocurrencies. 💰 Goldario Token (GLD) GLD Token is an #ERC20 token deployed on the #Ethereum #blockchain network that works as a financial instrument offering a digitized share in the underlying gold and emerald mines and in-house jewellery production for the world market. The token can serve as a store of value while also enabling peer to peer exchange of value in a blockchain-based trustless environment. 💰 Features of GLD token:
Scalability. GLD Token is capable of handling any amount of transactional volume— all the time— without having the chances of the network getting down or showing any sign of sluggishness.
Decentralization. GLD Token is decentralized and community-owned.
Security. It uses Ethereum based PoW consensus for transaction confirmation, ensuring that no hacker or bad actors can manipulate any transaction.
Minimal Fees. It will enable users to send, receive or perform any GLD Tokens operations at minimal costs.
Exchangeable. GLD Token can easily be exchanged for USD, EURO and Pound, as well as Gems and Jewellery via the Goldario Platform.
Passive Income by purchasing and holding GLD Token.
Utility. GLD Token has a direct utility within the Goldario ecosystem whereby it can be exchanged against precious metals and stones.
Easy Transactions. All you need is a ERC20 Token supporting wallet.
Transparency. Open access to information at all times ensures a fully transparent process, accurate data records and equal terms for everyone.
Background e intro La Union Europea y en cuestión el Area Economica Europea o single market es un colectivo de veintiocho estados, cuales en su mayoría abolieron todo tipo de controles migratorios internos. También llamado Area Schengen, aunque esta, no incluye los veintiocho miembros sino, veintiséis. De la misma manera, el “single market” o Eurosystem, mercado común europeo y su moneda de facto el Euro, ISO 4217 : EUR no se usa en todos los miembros del área política. Sin embargo todos los miembros de la Union Europea y varias de las jurisdicciones que no usan el Euro como su moneda de intercambio oficial (Romania, Polonia, Suiza, Dependencias de la corona, etc.) son parte del área SEPA compuesta por 36 miembros. SEPA, Single Euro Payment Area es un protocolo de créditos y débitos bancarios entre personas físicas o legales de rápida ejecución operando 100% bajo el estándar IBAN. Es moderno comparado con otros sistemas similares como el ACH o wires locales americanos, ciertamente anticuados y de un costo mucho mas alto de operar. Por regulación del ECB (European Central Bank) los pagos SEPA ya sean créditos o débitos deben ser gratuitos y se considera ilegal cobrar por una transferencia SEPA. Esto dicho, varias instituciones cobran un “fee” por la ejecución de transferencias SEPA bajo alguna descripción a modo de eufemismo. Si bien SEPA es considerado relativamente moderno, SEPA ICT (Instant Credit Transfer) ya se encuentra desarrollado y en proceso de implementación. Bajo el nuevo standard, las transferencias SEPA son ejecutadas en tiempo real con el fin de incentivar la implementación y adopción de las tecnologías fintech desarrolladas por privados bajo el tutelaje del ECB. Desde hace aproximadamente diez años, el ECB comenzó a liberalizar el mercado bancario a modo de desconcentrar el monopolio de la banca europea. De esta manera dieron comienzo a las entidades EMI (Electronic Money Institutions). Entidades quasi bancarias, las cuales pueden ofrecer IBANs personales de manera instantánea y emitir tarjetas de pago (en general no debito sino prepagas directamente ligadas a una cuenta personal). Regulación La flexibilización de la banca europea via fintech tiene sus rarezas, la mayoría de las nuevos “bank challengers” usaron frases del tipo “we are not a bank, we are better tan a bank” y similares. Muy cool a los ojos de un millenial rebelde sin embargo el wording es exacto. Una entidad EMI no es un banco, no está siquiera remotamente cerca de serlo. Estas entidades no operan con efectivo, ni en general ofrecen créditos, o inversiones o tasas de interés (mas allá de que la tasa de interés del ECB se encuentra en el área negativa hace años) porque la verdad es que una entidad EMI no está a autorizada a tomar depósitos en Euros. Cuando decimos “Electronic Money Institution” en realidad debería leerse más como “token”, la gente que usa crypto entenderá de manera más fácil. Al momento del depósito, la entidad mueve nuestros Euros a una cuenta a su nombre en una entidad bancaria real en general en la jurisdicción en la cual está registrada y licenciada aunque esto no es necesario. Los depósitos, a diferencia de un banco, no se pueden ofrecer a modo de prestamos ni se pueden invertir y se deben mantener segregados. Como una especie de cuenta escrow. En el mismo momento, de manera instantánea intercambia 1 for 1 cada euro por un token dentro de su plataforma al que le podemos poner el símbolo y nombre de euro pero al mismo tiempo no lo es. Al momento de efectuar un pago fuera de la plataforma el ejecutor intercambia nuevamente nuestro token por 1 euro cash que se encuentra depositado en la cuenta escrow y lo envía via SEPA o SEPA card hacia un comercio o una persona física/juridica a modo de pago. Esta pequeña diferencia hace que el statement “we are not a bank” tenga un significado mucho más verosímil en lo legal de lo aparentemente anunciado. Y por esta razón, suelen lidiar con clientes de mayor riesgo que un banco tradicional. A manera de un sandbox monetario. El problema principal, más allá de la oferta de banca básica y el peligro de que la entidad desaparezca de la noche a la mañana sin dejar rastro. Los depósitos en las EMIs no están cubiertos por el seguiro de depósitos de ninguna jurisdicción ni por el ECB. En un comienzo, hace unos años uno podía abrir una cuenta en algún país del báltico, recibir una tarjeta MasterCard en Euros y empezar a recibir pagos de manera instantánea luego de un onboarding básico de 5 minutos vía una App. Algunos proveedores inclusive ofrecen una dirección de Bitcoin a la cual, si uno envía BTC, es convertido automáticamente a depósitos en EUR a la cotización del momento del clearing de la transaccion. Suena too good to be true no? Bueno MasterCard y Visa también pensaron eso. En el 2018 cancelaron todas las tarjetas de los EMIs en Europa y renegociaron las licencias de emisión. Muchos proveedores de servicios financieros nunca emitieron tarjetas nuevamente y se dedicaron solo a cuentas virtuales. Los proveedores que sobrevivieron y encontraron su nicho se vieron en una situación grow or die. Pero como se puede crecer sin poder ofrecer más servicios bancarios, crypto estaba sufiendo un slump terrible… Ah si, licencias bancarias. Y así llegamos al presente, donde “we are not a bank” es una falacia y si, ya somos un banco. Tenemos una licencia, aseguramos tus depósitos y podemos ofrecer más servicios bancarios. El passporting de servicios está en toda su gloria, a costo de muchos de nuestros beneficios. La consecuencia principal? Todos los usuarios de riesgo, eliminados. Non-residents? Fuera, Gambling? Fuera, Crypto trading? Fuera… KYC más estricto(si se lo puede llamar asi), mayor escrutinio de transacciones, CRS, suspensiones de cuentas y otros detalles están a la orden del día. En la situación actual, siguen existiendo EMIs que hacen menos preguntas al costo de algunos Euros por mes. Donde podemos enviar y recibir fondos de un crypto Exchange o de TransferWise (a contrariedad deBruBank*… EJEM…*) y operar pagos de manera normal. No es un arreglo definitivo pero es de bajo costo y puede servir de “buffer” entre negocios que pueden atraer cierto escrutinio a nuestras cuentas en banco tradicionales. Obviamente esto es un arma de doble filo y afecta a todos los miembros de la cadena de la misma forma. En mi caso, tuve que hacer un “White listing” luego de un intercambio de emails con soporte, de cuentas en Lithuania en las Crypto Exchanges que uso porque no querían procesar mis depósitos y ponían todas mis transacciones on hold de manera indefinida. La explicación? “Too much fraud from those suppliers”. Esto dicho, para las instituciones que no son crypto friendly, esto puede ser la salvación. Un depósito de otra cuenta a tu nombre es mejor que un depósito a nombre de Kraken Payward o Bitstamp Limited. Las licencias bancarias son un gran desarrollo para el mundo fintech europeo, lamentablemente tiene un gran costo a nivel usuario. Hay muchos menos proveedores que ofrezcan servicio a no residentes. Los riesgos de los EMIs son reales, muchos han desaparecido sin dejar rastro, otros como WorldCore se vieron enrollados en lavado de dinero Ruso y cancelación masiva de sus tarjetas por parte de Visa y MasterCard Europe a punto tal que se vieron obligados a cerrar. WorldCore sigue en venta hoy día. SataBank un banco digital basado en Malta de capitales Bulgaros entro en administración para nunca más reaparecer. Otros tuvieron que reinventarse o separarse. PayMix se disolvió en dos compañías una para personas físicas y otra para personas legales. Ejemplos de este tipo existen por montones. Instituciones de interés
Globitex – UK/Lithuania https://globitex.com/euro-wallet Licencia: Crypto UK/Wallet EMI Lithuania Cuentas: Personal/Business Tarjeta: No. No residentes: Si. Detalle: Globitex es un crypto broker el cual simplifica el intercambio de crypto por fiat via el uso de un servicio de wallet (EMI) el cual posee un IBAN personalal y unico a nombre del UBO de la cuenta. El servicio tiene algunos costos sin embargo es una buena alternativa para ejecutar pagos via SEPA. En este momento 14 dias de trading sin costo, imagino que las operaciones de la cuenta si tienen costo, sin embargo desde que empezaron a ofrecer el servicio, los cargos por operar se han reducido substancialmente.
MisterTango – Lithuania https://www.mistertango.com/en/ Licencia: EMI Cuentas: Personal/Business Tarjeta: Temporalmente suspendidas. No residentes: Si. Detalle: Las cuentas funcionan, la mía personalmente desde hace más de 2 años. Existe integración a su propia exchange de crypto. Ofrecen servicios para traders de crypto y dirección de BTC con deposito a EUR instantáneo. Hay que tener en cuenta que la oferta de servicios en el pasado era muy superior. Incluía dirección de BTC, transferencias SWIFT, transferencias SEPA, tarjeta MasterCard Euro, acceso al Exchange, top up de la cuenta via tarjetas de debito/crédito y opción de una API para facturar. Hoy día está dividido en diferentes segmentos y el pricing varía según el paquete elegido, nacionalidad y residencia.
LeoPay – Bulgaria https://leopay.eu/ Licencia: EMI Cuentas: Personal/Business con preferencia a Estonian e-residents. Tarjeta: Si, debito Visa, con condición de dos tarjetas por cuenta o una tarjeta por currency. No residentes: Si. Detalle: Originalmente llamado LeuPay registrado en Malta de capitales Bulgaros. Usaban de backend SataBank, así que si leyeron lo anterior entenderán el cambio de nombre de la entidad. Cuentas multicurrency en EUR, USD, GBP, CHF, RON, HRK, JPY, BGN, PLN, CZK.
Paysera – Lituania https://www.paysera.lt/v2/lt-LT/index Licencia: EMI Cuentas: Personal/Business. Es posible obtener más de una cuenta por cliente. Tarjeta: Si, debito Visa. No residentes: Si.
PayMix Pro – Malta https://www.paymix.pro/ Licencia: Institución financiera Maltesa Cuentas: Business Tarjeta: Debito No residentes: Si.
Deutsche Handelsbank – Alemania https://www.handelsbank.com/en/bc/home-business-customers.html Licencia: Bancaria propia. Cuentas: Business. Es posible obtener más de una cuenta por cliente. Tarjeta: No. No residentes: Si. Detalle: Es un pequeño banco alemán que se especializan en cuentas únicamente para personas legales con licencia y backend bancario propio.
N26 – Alemania Licencia: Bancaria propia. Cuentas: Personal/Business Tarjetas: Debito/Crédito No residentes: No*. Detalle: No aceptan no-residentes en el Area economía europea, sin embargo si aceptan pasaporte Argentino y cualquier numero de móvil. El requerimiento es una dirección de correo en el Área Económica para recibir la tarjeta. (Chripre no es una opción para la dirección).
Revolut – Lithuania/UK https://www.revolut.com/ Licencia: Bancaria propia (UK) Cuentas: Personal/Business. Tarjeta: Si, variedad dependiendo del tier. No residentes: No* Detalle: Revolut evoluciono desde una licencia de EMI a una entidad con licencia bancaria. Siempre en las noticias por las razones equivocadas, han quedado atrás los días en los que la banca Lituana los decepcionaba. Lamentablemente los reportes de cuentas congeladas persisten y rehabilitarlas puede tardarse meses. Revoluto ofrece tarjetas con conversión de divisas usando el mid-market rate y sin FX conversion fee. Ofrecen crypto trade (CFDs) y muy recientemente una plataforma de inversiones. Si han leído mi post titulado Banca internacional #02 – United Kingdom, where it all began y repararon en el detalle de que la licencia bancaria es de Reino Unido, si, están en lo correcto. Esta entidad no puede técnicamente aceptar no-residentes si tiene una licencia bancaria ringfenced. Sin embargo, tal como es el caso con varias de alternativas, una dirección de correo dentro de Reino Unido o Europa suele bastarle a los clientes para hacerse de una cuenta. UPDATE: Recientemente Revolut agrego un setting muy interesante, la cual permite, una vez registrados como clientes cambiar la residencia fiscal. No hay muchos datos con respecto a qué efectos tiene sobre la cuenta más allá de una suspensión quasi instantánea. Sin embargo! Según la jurisdicción de residencia fiscal seleccionada, también nos puede dar como opción “Email us to [[email protected]](mailto:[email protected]) and let’s see what we can do.”
TransferWise https://transferwise.com/ Licencia: Money transfer (UK), EMI (Lithiania) Cuentas: Personal/Business y Borderless, 4 currencies GBP, EUR, NZD, AUD y condicionalmente USD. Tarjeta: Si, MasterCard para residentes del Area Economica Europea. No residentes: Si. Detalle: Conocido por casi todos hoy día, la aplicación de cabecera para remittances elegida por todos los millenials. No es la mejor sin embargo es la que tiene mejor publicidad y estrategia. Se sabe que hay clientes quienes han usado datos postales europeos para registrarse y han logrado recibir la tarjeta en condición de no residentes.
Disponibles fuera de sus países de registro en breve
Insha – Alemania con backing de Al Baraka (Turquía) https://www.getinsha.com/ Detalle: Primer banca islámica digital en Europa. Que esto no los detenga en ver el servicio que ofrecen. Dado los servicios que ofrecen (y la carencia de interés computado en depósitos) es una plataforma idea para banca Islámica.
Kontist – Alemania https://kontist.com/ Detalle: Banca digital para pequeños negocios o freelancers con implementación de contabilidad y taxación.
Tarjetas Algunos EMIs solo ofrecen tarjetas. En general son productos sub-prime y consecuentemente los fees son usureros. No voy a entrar en detalle sobre el ofrecimiento de servicios de estos proveedores, pero les dejo algunos por una cuestión de mera curiosidad y cobertura de alternativas.
Nota final Existen muchos servicios más de tipo pseudo bancario en Europa. Podría publicar un post infinito con 500 URLs y links a cada uno de ellos. Muchos con respaldo de Bancos centenarios y prácticamente todos con requerimiento de residencia en la Unión Europea. Si desean mas información, puedo hacer un post apartado. Pero más allá del landing page, no van a poder utilizar ningún servicio. Es más fácil abrir una cuenta en un banco normal para no residentes en Europa de manera personal que intentar circunventar la legislación y regulación pertinente a los bancos o EMIs digitales reservados para Europeos. Donations.
Crypto-Powered - The Most Promising Use-Cases of Decentralized Finance (DeFi)
A whirlwind tour of Defi, paying close attention to protocols that we’re leveraging atGenesis Block. https://reddit.com/link/hrrt21/video/cvjh5rrh12b51/player This is the third post ofCrypto-Powered— a new series that examines what it means forGenesis Blockto be a digital bank that’s powered by crypto, blockchain, and decentralized protocols. Last week we explored how building on legacy finance is a fool’s errand. The future of money belongs to those who build with crypto and blockchain at their core. We also started down the crypto rabbit hole, introducing Bitcoin, Ethereum, and DeFi (decentralized finance). That post is required reading if you hope to glean any value from the rest of this series. 97% of all activity on Ethereum in the last quarter has been DeFi-related. The total value sitting inside DeFi protocols is roughly $2B — double what it was a month ago. The explosive growth cannot be ignored. All signs suggest that Ethereum & DeFi are a Match Made in Heaven, and both on their way to finding strong product/market fit. So in this post, we’re doing a whirlwind tour of DeFi. We look at specific examples and use-cases already in the wild and seeing strong growth. And we pay close attention to protocols that Genesis Block is integrating with. Alright, let’s dive in.
Stablecoins are exactly what they sound like: cryptocurrencies that are stable. They are not meant to be volatile (like Bitcoin). These assets attempt to peg their price to some external reference (eg. USD or Gold). A non-volatile crypto asset can be incredibly useful for things like merchant payments, cross-border transfers, or storing wealth — becoming your own bank but without the stress of constant price volatility. There are major governments and central banks that are experimenting with or soon launching their own stablecoins like China with their digital yuan and the US Federal Reserve with their digital dollar. There are also major corporations working in this area like JP Morgan with their JPM Coin, and of course Facebook with their Libra Project.
Stablecoin activity has grown 800% in the last year, with $290B of transaction volume (funds moving on-chain).
USDC($1B): This is the most reputable USD-backed stablecoin, at least in the West. It was created by Coinbase & Circle, both well-regarded crypto companies. They’ve been very open and transparent with their audits and bank records.
DAI ($189M): This is backed by other crypto assets — not USD in a bank account. This was arguably the first true DeFi protocol. The big benefit is that it’s more decentralized — it’s not controlled by any single organization. The downside is that the assets backing it can be volatile crypto assets (though it has mechanisms in place to mitigate that risk).
Three of the top five DeFi protocols relate to lending & borrowing. These popular lending protocols look very similar to traditional money markets. Users who want to earn interest/yield can deposit (lend) their funds into a pool of liquidity. Because it behaves similarly to traditional money markets, their funds are not locked, they can withdraw at any time. It’s highly liquid. Borrowers can tap into this pool of liquidity and take out loans. Interest rates depend on the utilization rate of the pool — how much of the deposits in the pool have already been borrowed. Supply & demand. Thus, interest rates are variable and borrowers can pay their loans back at any time.
So, who decides how much a borrower can take? What’s the process like? Are there credit checks? How is credit-worthiness determined?
These protocols are decentralized, borderless, permissionless. The people participating in these markets are from all over the world. There is no simple way to verify identity or check credit history. So none of that happens. Credit-worthiness is determined simply by how much crypto collateral the borrower puts into the protocol. For example, if a user wants to borrow $5k of USDC, then they’ll need to deposit $10k of BTC or ETH. The exact amount of collateral depends on the rules of the protocol — usually the more liquid the collateral asset, the more borrowing power the user can receive. The most prominent lending protocols include Compound, Aave, Maker, and Atomic Loans. Recently, Compound has seen meteoric growth with the introduction of their COMP token — a token used to incentivize and reward participants of the protocol. There’s almost $1B in outstanding debt in the Compound protocol. Mainframe is also working on an exciting protocol in this area and the latest iteration of their white paper should be coming out soon.
There is very little economic risk to these protocols because all loans are overcollateralized.
Buying, selling, and trading crypto assets is certainly one form of investing (though not for the faint of heart). But there are now DeFi protocols to facilitate making and managing traditional-style investments. Through DeFi, you can invest in Gold. You can invest in stocks like Amazon and Apple. You can short Tesla. You can access the S&P 500. This is done through crypto-based synthetics — which gives users exposure to assets without needing to hold or own the underlying asset. This is all possible with protocols like UMA, Synthetix, or Market protocol. Maybe your style of investing is more passive. With PoolTogether , you can participate in a no-loss lottery. Maybe you’re an advanced trader and want to trade options or futures. You can do that with DeFi protocols like Convexity, Futureswap, and dYdX. Maybe you live on the wild side and trade on margin or leverage, you can do that with protocols like Fulcrum, Nuo, and DDEX. Or maybe you’re a degenerate gambler and want to bet against Trump in the upcoming election, you can do that on Augur. And there are plenty of DeFi protocols to help with crypto investing. You could use Set Protocol if you need automated trading strategies. You could use Melonport if you’re an asset manager. You could use Balancer to automatically rebalance your portfolio. With as little as $1, people all over the world can have access to the same investment opportunities and tools that used to be reserved for only the wealthy, or those lucky enough to be born in the right country.
You can start to imagine how services like Etrade, TD Ameritrade, Schwab, and even Robinhood could be massively disrupted by a crypto-native company that builds with these types of protocols at their foundation.
As mentioned in our previous post, there are near-infinite applications one can build on Ethereum. As a result, sometimes the code doesn’t work as expected. Bugs get through, it breaks. We’re still early in our industry. The tools, frameworks, and best practices are all still being established. Things can go wrong. Sometimes the application just gets in a weird or bad state where funds can’t be recovered — like with what happened with Parity where $280M got frozen (yes, I lost some money in that). Sometimes, there are hackers who discover a vulnerability in the code and maliciously steal funds — like how dForce lost $25M a few months ago, or how The DAO lost $50M a few years ago. And sometimes the system works as designed, but the economic model behind it is flawed, so a clever user takes advantage of the system— like what recently happened with Balancer where they lost $500k. There are a lot of risks when interacting with smart contracts and decentralized applications — especially for ones that haven’t stood the test of time. This is why insurance is such an important development in DeFi.
Insurance will be an essential component in helping this technology reach the masses.
Decentralized Exchanges (DEX) were one of the first and most developed categories in DeFi. A DEX allows a user to easily exchange one crypto asset for another crypto asset — but without needing to sign up for an account, verify identity, etc. It’s all via decentralized protocols. Within the first 5 months of 2020, the top 7 DEX already achieved the 2019 trading volume. That was $2.5B. DeFi is fueling a lot of this growth. https://preview.redd.it/1dwvq4e022b51.png?width=700&format=png&auto=webp&s=97a3d756f60239cd147031eb95fc2a981db55943 There are many different flavors of DEX. Some of the early ones included 0x, IDEX, and EtherDelta — all of which had a traditional order book model where buyers are matched with sellers. Another flavor is the pooled liquidity approach where the price is determined algorithmically based on how much liquidity there is and how much the user wants to buy. This is known as an AMM (Automated Market Maker) — Uniswap and Bancor were early leaders here. Though lately, Balancer has seen incredible growth due mostly to their strong incentives for participation — similar to Compound. There are some DEXs that are more specialized — for example, Curve and mStable focus mostly only stablecoins. Because of the proliferation of these decentralized exchanges, there are now aggregators that combine and connect the liquidity of many sources. Those include Kyber, Totle, 1Inch, and Dex.ag.
These decentralized exchanges are becoming more and more connected to DeFi because they provide an opportunity for yield and earning interest.
As it relates to making payments, much of the world is still stuck on plastic cards. We’re grateful to partner with Visa and launch the Genesis Block debit card… but we still don’t believe that's the future of payments. We see that as an important bridge between the past (legacy finance) and the future (crypto). Our first post in this series shared more on why legacy finance is broken. We talked about the countless unnecessary middle-men on every card swipe (merchant, acquiring bank, processor, card network, issuing bank). We talked about the slow settlement times. The future of payments will be much better. Yes, it’ll be from a mobile phone and the user experience will be similar to ApplePay (NFC) or WePay (QR Code).
But more importantly, the underlying assets being moved/exchanged will all be crypto — digital, permissionless, and open source.
Someone making a payment at the grocery store check-out line will be able to open up Genesis Block, use contactless tech or scan a QR code, and instantly pay for their goods. All using crypto. Likely a stablecoin. Settlement will be instant. All the middlemen getting their pound of flesh will be disintermediated. The merchant can make more and the user can spend less. Blockchain FTW! Now let’s talk about a few projects working in this area. The xDai Burner Wallet experience was incredible at the ETHDenver event a few years ago, but that speed came at the expense of full decentralization (can it be censored or shut down?). Of course, Facebook’s Libra wants to become the new standard for global payments, but many are afraid to give Facebook that much control (newsflash: it isn’t very decentralized). Bitcoin is decentralized… but it’s slow and volatile. There are strong projects like Lightning Network (Zap example) that are still trying to make it happen. Projects like Connext and OmiseGo are trying to help bring payments to Ethereum. The Flexa project is leveraging the gift card rails, which is a nice hack to leverage existing pipes. And if ETH 2.0 is as fast as they say it will be, then the future of payments could just be a stablecoin like DAI (a token on Ethereum). In a way, being able to spend crypto on daily expenses is the holy grail of use-cases. It’s still early. It hasn’t yet been solved. But once we achieve this, then we can ultimately and finally say goodbye to the legacy banking & finance world. Employees can be paid in crypto. Employees can spend in crypto. It changes everything.
Legacy finance is hanging on by a thread, and it’s this use-case that they are still clinging to. Once solved, DeFi domination will be complete.
At Genesis Block, we’re excited to leverage these protocols and take this incredible technology to the world. Many of these protocols are already deeply integrated with our product. In fact, many are essential. The masses won’t know (or care about) what Tether, USDC, or DAI is. They think in dollars, euros, pounds and pesos. So while the user sees their local currency in the app, the underlying technology is all leveraging stablecoins. It’s all on “crypto rails.” https://preview.redd.it/jajzttr622b51.png?width=700&format=png&auto=webp&s=fcf55cea1216a1d2fcc3bf327858b009965f9bf8 When users deposit assets into their Genesis Block account, they expect to earn interest. They expect that money to grow. We leverage many of these low-risk lending/exchange DeFi protocols. We lend into decentralized money markets like Compound — where all loans are overcollateralized. Or we supply liquidity to AMM exchanges like Balancer. This allows us to earn interest and generate yield for our depositors. We’re the experts so our users don’t need to be. We haven’t yet integrated with any of the insurance or investment protocols — but we certainly plan on it. Our infrastructure is built with blockchain technology at the heart and our system is extensible — we’re ready to add assets and protocols when we feel they are ready, safe, secure, and stable. Many of these protocols are still in the experimental phase. It’s still early.
At Genesis Block we’re excited to continue to be at the frontlines of this incredible, innovative, technological revolution called DeFi.
--- None of these powerful DeFi protocols will be replacing Robinhood, SoFi, or Venmo anytime soon. They never will. They aren’t meant to! We’ve discussed this before, these are low-level protocols that need killer applications, like Genesis Block. So now that we’ve gone a little deeper down the rabbit hole and we’ve done this whirlwind tour of DeFi, the natural next question is: why?
Why does any of it matter?
Most of these financial services that DeFi offers already exist in the real world. So why does it need to be on a blockchain? Why does it need to be decentralized? What new value is unlocked? Next post, we answer these important questions. To look at more projects in DeFi, check outDeFi Prime,DeFi Pulse, orConsensys. ------ Other Ways to Consume Today's Episode:
This Bitcoin Cash and Euro convertor is up to date with exchange rates from October 3, 2020. Enter the amount to be converted in the box to the left of Bitcoin Cash. Use "Swap currencies" to make Euro the default currency. Click on Euros or Bitcoin Cash to convert between that currency and all other currencies. Bitcoin BTC exchange rates today. ISO 4217: BTC ; Symbol: Ƀ Main attention is drawn to BTC exchange rate Bitcoin and currency converter. First table lists exchange rates (quotations) of the most popular currencies to Bitcoin (BTC). By now, over 20 bitcoin exchanges are quoting EUR denominated exchange rates. The prices and spreads vary widely among the platforms. You can deposit EUR to the bitcoin trading platforms by any means, including using credit cards, bank wire transfers or alternative payment providers as Skrill or Neteller. XBT - Bitcoin. Our currency rankings show that the most popular Bitcoin exchange rate is the XBT to USD rate. There is no official ISO currency code for Bitcoins, although XBT is commonly used. The currency symbol is . Bitcoin Exchange. Start your trading journey today. Securely buy, sell, and build your cryptocurrency portfolio. Casino. Now you can win big with the official Bitcoin.com casino, play our exclusive games using Bitcoin (BTC). Local. Join our Local Bitcoin Cash (BCH) marketplace to get the best margins on every trade.
Strongest Currency in the World 2019 Currency Exchange ...
The US Dollar is the currency of United States. Our currency rankings show that the most popular United States Dollar exchange rate is the USD to EUR rate. T... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Strongest Currency in the World 2019 Currency Exchange Value Currency Conversion INR USD Currency value comparison of popular currency of the world, al... A person in Europe can exchange Karatgold Coins for Asian products, with both parties knowing they cannot be hurt by currency fluctuations. Bitcoin’s use as a means of exchange has been ... Do not lose your money! If you really want to know how to trade the EUR USD without getting destroyed, this is a must-watch. Trade the Euro Dollar with cauti...