Bitcoin Weekly Recap 10-16-2015
Integrative Virtual Card E-Coin Meets Success With Online Fundraising Effort
The company behind the innovative virtual debit card system E-Coin has apparently elevated its target goal for online funding on www.bnktothefuture.com. After the initial goal met with an enthusiastic response, E-Coin raised that goal by roughly $100,000. At present, about one-sixth of the new target has been pledged, as investors have responded to E-Coin’s currency integration concept. The card has drawn interest for its integrative approach to blending fiat and cryptocurrency.
Consumers can use both plastic and virtual cards just as they would any VISA or MasterCard, and spend or withdraw money anywhere those cards are accepted. That means that any cardholder can spend his Bitcoins even at websites or stores that have not yet agreed to accept the digital currency, since the cards enable rapid conversion of the Bitcoins in a user’s account into three different fiat currencies: the dollar, the pound, and the Euro. That integration is helping to bring Bitcoin even further into the mainstream marketplace, and is almost certain to increase consumer and business acceptance of digital currency.
Latin American Online Retailer Famsa Now Accepts BitcoinWhile many have lamented the recent slower pace of merchant acceptance of Bitcoin, there has been one bright spot where growth has remained steady: Latin America. Just this week, Famsa – the Mexican retail chain that sells a variety of consumer products both at home and north of the country’s border – announced that its online payment system will now accept Bitcoin. The news follows June’s news that Mexican airline TAR Aerolineas would accept the digital currency, and a similar move by MercadoLibre just last month. Most analysts see the news as just another sign of a continuing trend that has seen the use of virtual currency across the region continue to outpace many other parts of the world.
G2A Now Using BitPay to Accept Bitcoin PaymentGamers learned this week that one of the giants of the video game industry – G2A –is now joining with BitPay to enable Bitcoin use across the company’s game platform marketplace. The company will soon include the digital currency in the basket of payment options it offers to a customer base that numbers in the millions each year. G2A officials noted that partnering with BitPay provides the marketplace’s seller community with another great option for realizing more buying activity, while offering even greater flexibility for buyers.
Bitcoin Startup Financing Shows Signs of SlowingMost Bitcoin enthusiasts were ecstatic when reports earlier this year confirmed that investment in new Bitcoin startup companies had reached record levels. That flow of venture capital has now eased, however, with second quarter funding having fallen to just $87 million. Many analysts attribute the decline to what they see as maturation in the industry, as more financing is now going to new companies that are more tightly focused on blockchain applications than other aspects of the cryptocurrency universe.
Boost VC Now Accepting New Applications for Bitcoin AcceleratorBoost VC announced that its 3-month Bitcoin Accelerator program is open for new applicants from now through the 30th of November. The Tribe 7 program is scheduled to begin in February, 2016, and will provide the entrants with total immersio
via dcebrief.com
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