August 15, 2014 - In This Issue:


Bitcoin News: Bitcoin ATMs to span across Canadian Malls & Tourist Spots

  

    CAVIRTEX has launched its first six bitcoin-branded ATMs in the greater Toronto area. The machinesfeedproxy.google.commachines mark the first phase of the exchange's larger plan to bring 10 bitcoin ATMs to Canada through a partnership with Gateway Newstands, a retail chain with 500 locations in North Americawallstcheatsheet.comNorth America.

  

    Speaking to CoinDesk, CAVIRTEX's marketing and business development directorfeedproxy.google.comdirector Kyle Kemper said the launch was a major milestone for the Calgary-based company and bitcoin itself. Although details about the ATMs were first revealed back in May, Kemper said that the company has taken time to execute its vision and maximise the impact of the launch.

 

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Exclusive: Overstock CEO says bitcoin sales to add 4 cents to 2014 EPS

    Overstock.com Inc's sales through bitcoin are expected to add 4 cents per share to its earnings this year, the online retailer's chief executive, Patrick Byrne, told Reuters.

   

     Bitcoin sales at Overstock (OSTK.O), which started accepting this type of currency as payment for items on its website in January this year, have exceeded $2 million so far, or about one-quarter of 1 percent of total sales.

 

     Byrne expects bitcoin sales of $6 million to $8 million in 2014, most of it from new customers.

 

     "I think the world expects us to make 75-80 cents per share this year. And 4 cents of that would be attributable to bitcoin," Byrne said to Reuters last Friday.

 

     So far, total bitcoin sales have totaled $15,000 per day, or $300,0000 per month. By the end of the year, Byrne expects Overstock to do $1 million in bitcoin sales per month.

 

    Overstock, which uses Coinbase as a payment processor, has been at the forefront of the bitcoin revolution. It was the first company with at least $1 billion in sales to accept bitcoin payments. The company expects $1.5 billion in sales this year.

 

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8,000 Convenience Stores in Argentina Now Sell Bitcoin

    

   BitPagos has launched Ripio, a new bitcoin brokerage service that allows consumers in Argentina to buy small amounts of bitcoin at more than 8,000 convenience stores.

 

   To achieve this goal, Ripio will integrate with TeleRecargas, a popular mobile phone service that allows consumers to prepay for cell phone plans at a network of partner convenience stores across Argentina.

  

   Argentina and Palo Alto-based bitcoin merchant processor BitPagos raised $600,000 from prominent bitcoin angel investors earlier this year. The company's CEO Sebastian Serrano told CoinDesk that Ripio aims to target underbanked consumers as well as existing bitcoin users who want an easy way to buy bitcoins at a physical location.

 

    For now, the service will only be available in Argentina, though Serrano sees the service as broadly appealing to consumers in other Latin American markets that could benefit from an easy bitcoin-buying solution.

 

   In particular, Serrano said BitPagos is looking to expand Ripio to Venezuela, but that this program expansion will take time to achieve.

 

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Bitcoin Popularity Boosted By Innovative Brokerage Service And Peer-To-Peer Lending Platform
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     Bitbond Gets $267,000 Funding

Germany-based Bitbond, a peer-to-peer bitcoin lending platform, received a boost when it secured seed funding of $267,000 from investment company Point Nine Capital and Nelson Holzner, CEO of BillPay, on Wednesday.

 

     The new capital would allow the company, which connects lenders and borrowers from around the world, to increase its loan amount and improve its lending platform by hiring more programmers. It would also enable the company to expand its range of services to include a better platform for hand-held devices, analytics for creditors, communication resources for users, and advances that would be linked to exchange-rate fluctuations.

 

     International lending through traditional channels can prove to be very expensive for borrowers if the transaction amount is small. The peer-to-peer technology of Bitbond can change that by enabling borrowers to access any global market.

 

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