844-248-8378
Bitvestinc.com

August 18, 2015- In This Issue:

  

Greece To 
Receive 1,000 Bitcoin ATMs As Trust In Banks 'Long Gone'
Bitcoin service provider and exchange Cubits has partnered with Greek bitcoin exchange BTCGreece to install 1,000 bitcoin ATMs and help small and medium sized businesses move money.
 
"We are creating the ecosystem of bitcoin and blockchain solutions in the Greek market." BTCGreece founder Thanos Marinos told CoinTelegraph. "That will include the rollout of 1,000 ATMs and solutions for the e-commerce and tourism industry. Partnering with best of breed companies in the bitcoin space will enable us to provide the Greeks with solutions that will ease the difficulties of the capital controls."
 
Today, many Greek businesses have failed to pay their suppliers and partners outside of the country due to the countries record high financial problems and the recent capital controls, which froze all bank accounts, credit cards and debit cards in the country for weeks.
 
The Greek government still restricts the weekly withdrawal limit for bank accounts and debit cards to US$464.76 per week. To help small and medium sized companies send payments abroad, the two companies plan to develop a cross border payment system, which will allow small businesses to send payments quickly, at low cost. Marinos:
 
"Btcgreece and Cubits are offering a solution to the small and medium sized businesses to keep their operations, pay their invoices outside of Greece, pay for datacenter and servers, without the limitations imposed by the banks under capital controls."

Read More...
Digital Currency Startups Prosper In Berlin's Vibrant Bitcoin Community
Despite Germany's recent negative press over the Greek bailout, Berlin remains one of the world's greatest cities for Bitcoin lovers. Whether it's the plethora of innovative bitcoin startups springing up all over the city, the widespread adoption of the cryptocurrency along Berlin's high streets, or the vast amount of investment flooding into the German capital, Berlin's relationship with Bitcoin will be instrumental in shaping its future.
 
Berlin startups have been enjoying an unprecedented level of investment. Indeed, "Die Welt" reported that Berlin overtook London in terms of Venture Capital Investment in 2014.
 
According to this report, the German capital enjoyed $2.2 billion in investment compared to London's $1.5 billion, highlighting Berlin's increasing suitability for promising startups to gain the funding they need to change the face of Bitcoin.
 
Recent political developments in Westminster might further add to Berlin's appeal, as UK Prime Minister David Cameron "would like to see a ban on certain applications that allow users to send end-to-end encrypted messages to each other over the internet." With catastrophic regulation potentially imminent in London, and New York's BitLicence scaring off more and more Bitcoin companies, Berlin has a great opportunity to establish itself as the Bitcoin epicenter.

Read More...
Blockchain Hits 4 Million Wallets, Double From One Year Ago
Bitcoin wallet provider Blockchain, traditionally known as Blockchain.info, now supports 4 million user wallets.
 
It hit the goal roughly one year after reaching the 2 million mark. In doubling the count in roughly one year, the company says, "This is really exciting as it points to a positive trend in bitcoin adoption."
 
Blockchain was one of the first and popular bitcoin wallet providers. Despite the advances by numerous competitors, large and small, it still appears to be the most popular service. Coinbase, arguably the most prominent Bitcoin company with its wallets, merchants services and exchange, says to support 3.8 million wallets.
 
Blockchain also features a well-known blockchain explorer, as well as charts on various areas of the Bitcoin ecosystem.
 
It still can make its claim to fame despite what seems to be a slowdown in innovation during the past year, after securing $30.5 million in funding last October. It has also experienced a number of technical issues earlier this year, leading to some criticism from the Bitcoin community.

Read More...
Financial Disruption: Part III
Finance is continuing down the path of technological disruption with marked acceleration.
 
Helping to lead the charge is the Massachusetts Institute of Technology in Cambridge, Massachusetts, known for an environment that incubates innovative intellectual ideas with pragmatic applications. (Disclosure: my son is currently an undergraduate student at MIT.)
 
At the forefront of this revolutionary change is the concept of the virtual currency, such as bitcoin.
 
As the pioneers at MIT describe it, this "currency" is much more than a currency: it represents a platform and protocol for ownership and transfer of virtually any good or service in return for any another - whether it is a carrot, a car, condominium, a contract, or a convertible bond.
 
The principle reason for this highly perfected barter arrangement is the infinitely divisible property of digital assets. In this model, a portion of your kitchen table can be sold and used to purchase a two-year internet connectivity contract. The title of ownership will be more secure and less susceptible to manipulation by individuals, corporations or governments, since the information is decentralized and available for the world to see. Moreover, this system removes many financial intermediary layers, thereby affording quicker and cheaper transactions. 

Read More...

Telebit Launches Bitcoin App For Android
Telebit users now have access to a range of supporting payment services through the bitcoin wallet's new Android app. The mobile platform also offers integration with Trezor, a leading digital currency safe.
 
"The app we just launched is optional but has a much nicer user interface and more features such as Trezor hardware wallet integration," said co-founder Jonathan James Harrison.
 
The company currently boasts a customer base of over 9,000 active users. An average of 600 customers are engaged with the app during any two-week period.
 
To initiate a transaction, individuals can generate a QR request from the menu. When making payments, users have the option to scan a code link using a built-in smartphone camera.
 
There is also a detailed history section for past transitions and billings. For price monitoring, the mobile platform lets individuals set alarms. When bitcoin hits the target value (against the currency of your choice), a notification will appear on the screen.
 
"If Whatsapp could send bitcoin around as easily as it sends messages, the world would very quickly adopt bitcoin as a global currency. Unfortunately, Whatsapp is not open source, so we can't build a bitcoin wallet service for it. However, Telegram is (open source), and that's why we built this wallet that runs on the Telegram network," explained Harrison.

Read More...