Image for post
Image for post

If you’re familiar with decentralised finance (DeFi), you probably know what MetaMask is. But if you don’t, it’s good to know that it is one of the most successful applications in bringing Ethereum and so-called ‘Web3’ closer to mainstream adoption.

MetaMask is used by over 250,000 monthly active users, processing around 1.5m transactions within the same period. Rather than being used as an everyday hot wallet to make payments with or trade from, MetaMask is mostly used to interact with decentralised apps (dApps) and smart contracts in regular browsers.

So what is MetaMask exactly?‍

MetaMask is an Ethereum wallet and a browser extension that can be used on Chrome, Firefox, and Brave browsers. It basically works as a bridge between the Ethereum blockchain and regular browsers and serves as an interface for Ethereum-based dApps. …


Image for post
Image for post

Crypto trends come and go more times than China has changed its stance on blockchain. DeFi is now the most recent popular trend, but is it going to amount to anything useful? We think so.

We’ve seen many flavours of the month in the past, going back to the early days of the Bitcoin forks, where a whole batch of new coins forking from BTC calling themselves the new bitcoin — trying to take away momentum from the original Bitcoin. …


Image for post
Image for post

In a recent interview with Vitalik Buterin, creator of the Ethereum blockchain, he was asked what he thought about the almost explosive rise of decentralised finance, (DeFi). He answered that it makes sense that the first real application of blockchain technology is around finance and that he is happy to see DeFi expand beyond trading, transactions, and payments, to include insurance, smart contracts, lending and so forth.

Finance is a logical first area of activity for blockchain to disrupt because, as Vitalik points out, it is where centralised structures are “the most terrible”. Sending an email from one country to another is trivial, but sending money across borders still takes a tremendous amount of effort, whereas with blockchain technology such transactions can be almost instantaneous and at low cost. …


By Bitspark on The Capital

Image for post
Image for post

Did you know that you can buy Bitcoin from 7-Eleven in The Philippines? Or that in France some of the largest retailers are planning to accept Bitcoin in 2020? Or how about Crypto.com’s Pay Checkout plugin which is now available for WooCommerce merchants?

If you didn’t, it’s no big deal, but it’s good to be aware that while cryptocurrency has risen and fallen, in the payment space it has only been on the rise, and this bodes well for the industry.

But what’s so special about making payments using crypto? In China, they have Wechat Pay and AliPay. Chances are you have a credit card. Or what about just paying in plain old cash? …


By Bitspark on The Capital

Image for post
Image for post

For a Fintech startup, working to drive the adoption of crypto, our insistence on the importance of cash may seem peculiar. But we’ve been commenting on the War on Cash, derisking, and the plight of bankless communities for some years now. We continue to believe that cash is important as a carrier of value, and means of empowerment.

While we live in a digital age, most things around us are still very physical. Money is no exception; cash remains the most common means of payment, and its circulation globally is growing.

Just recently, an interesting whitepaper on the importance of cash was published by Cash Matters, and it’s worth looking into. …


Image for post
Image for post

The increased interest surrounding cryptocurrencies and its technology has prompted an opportunity for it to be adopted and transferred in other areas of life. These include industries such as healthcare and automotive. Blockchain which is primarily associated with Bitcoin, can also be used in other areas such as smartphones. Not just for the use of securing keys for cryptocurrencies but also for different types of personal information as it creates more secure networks.

Blockchain can also deliver increasing opportunities to help advance the Internet of Things (IoT). Over the past few years, we have seen IoT adoption increase with more individuals and organisations using interconnected devices which offer more comfortable data sharing. Blockchain can, in this way improve IoT devices by protecting the data flowing through the network and providing faster speeds. …


Image for post
Image for post

For a Fintech startup, working to drive the adoption of crypto, our insistence on the importance of cash may seem peculiar. But we’ve been commenting on the War on Cash, derisking, and the plight of bankless communities for some years now. We continue to believe that cash is important as a carrier of value, and means of empowerment.

While we live in a digital age, most things around us are still very physical. Money is no exception; cash remains the most common means of payment, and its circulation globally is growing.

Just recently, an interesting whitepaper on the importance of cash was published by Cash Matters, and it’s worth looking into. …


Image for post
Image for post

Did you know that you can buy Bitcoin from 7-Eleven in The Philippines? Or that in France some of the largest retailers are planning to accept Bitcoin in 2020? Or how about Crypto.com’s Pay Checkout plugin which is now available for WooCommerce merchants?

If you didn’t, it’s no big deal, but it’s good to be aware that while cryptocurrency has risen and fallen, in the payment space it has only been on the rise, and this bodes well for the industry.

But what’s so special about making payments using crypto? In China, they have Wechat Pay and AliPay. Chances are you have a credit card. Or what about just paying in plain old cash? …


By Bitspark on The Capital

Image for post
Image for post

Despite being in the market for over a decade, many individuals have only now begun to realize cryptocurrency’s true potential and the benefits that it brings to their business. Cryptocurrency is increasingly being used for payments and this adoption will only be more widespread in the coming year.

Based on its increasing popularity, you need to integrate it within your business and if you are still unconvinced, here are six reasons to help you jump right in.

1. E-commerce

Various e-commerce accepts cryptocurrency as a mode of payment. …


Image for post
Image for post

These days in the financial technology world, everyone is moving towards being a bank. That is mostly due to the fact that the center of ones’ financial life often revolves around banking and being able to capture more of that attention is a way to onboard high value customers. This is a reality in many developed countries, however for the rest of the world’s population, cash is king.

Despite what consultants and the media will tell you, cash in circulation is actually rising as a percentage of GDP in every continent in the world. It is therefore more important than ever to address the reality that the vast majority of the world is cash only and instead of trying to bypass it and force people down the road of digital payment lock-ins, providing more digital solutions tailored towards cash is a far larger addressable market and opportunity for businesses and Fintechs. …

About

Bitspark

Bitspark helps you convert cash to cryptocurrency globally without banks. Send and receive money, and exchange between currencies at exceptional rates.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store