Remittances play a large role in the economies of developing countries, raise their standard of living, and help fight poverty. They are also seen as an important part of disaster relief and often exceed official development assistance (ODA). For the past 25 years, remittances have exceeded development aid, and in some cases make up a significant portion of a country’s GDP.

As of 2019, there are more than 164M people who live and work overseas. Many of them send money back to their home countries to support their families. For example, 10.2 million Filipinos live abroad, which makes up a…


Discussions surrounding cryptocurrency payment platforms have captured the attention of investors worldwide, specifically on whether digital currencies are useful in the retail sector. For instance, the growth and widespread adoption of ‘stable-coins’ has nudged 20,000 merchants to accept crypto payments. The list of parties interested in crypto-transactions, however, is not merely limited to small businesses; we have seen that corporations like Microsoft, Overstock, Namecheap, Starbucks, Whole Foods, CheapAir, Travala, and Expedia have all shifted their attention.

The $250 Billion crypto payment market, though broad, can be best understood by examining three major categories: P2P Retail Payments, Crypto Custody, and Merchant…


In the age of negative rates and high transaction fees, the slogan is “Cash is the king!”

This is true both in Europe and in Japan where citizens have met similar problems: their savings are not safe in bank accounts. Value is melting down with negative rates policy. Banks enforce transaction fees high enough to affect the end price of goods and services. Sometimes rules are so unnecessarily complicated and illogical that customers prefer not to interact with them at all. …


Over the next several weeks, we will be publishing a series of articles called “The Synergy in Crypto Payments”, where we will explore some of the highest-quality products that work in conjunction with Cyclebit, and fit perfectly into the ecosystem we’re creating.

From San-Francisco to Tokyo, and from Oslo to Cape Town, you can hardly find any people who unfamiliar with the concept of crypto. Yet, very few people are actually aware of the best ways to hold, transfer and utilize their digital assets. …


As time goes by, more and more merchants come to realize that unless they provide the customers with an option to pay in crypto, they are missing out. Since the explosive growth of crypto in 2017, the last two years have been a period of sustained and steady infrastructure development for this industry.

Throughout this period, lots of much-needed tools and solutions, such as different types of wallets, fiat gateways, trading facilities and products were launched. For the majority of them, the purpose is to ease and facilitate the transfer of Digital Assets. …


Digital Money, as a topic for discussion, is an integral part of a much broader, more mature and better-established field of Fintech. One can not master the former without having a solid understanding of the latter.

“Digital Money” has recently become a buzzword, reminiscent of “Crypto”, “Blockchain” and whatnot. But what does it really mean? What are the origins of Digital Money, how it’s tied to the Distributed Ledger Technology and will it shape the future of transactions?

To help you navigate the unexplored seas of Digital Money, understand its history and discover what problems led to the creation of…


Since the number of active crypto wallet users peaked at around 10 million people and fell sharply in 2018, it has been on a steady recovery throughout most of 2019. It’s no secret that many of those users are using their wallets to pay for things. After all, this is the way digital assets were originally designed to be used by Satoshi in the Bitcoin Whitepaper — as peer-to-peer electronic cash.

Recently, however, it became apparent that the “peer-to-peer” part of the design might be a little ahead of its time, at least for now.

Many of the business owners, who wish to accept crypto for their products and services, usually do not keep them for long. …


Talks about the crypto revolution have become quite a beaten up topic over the past few years. Many digital evangelists preach the coming of a new age and new economics. Year after year, they are telling us that tomorrow is already here.

However, there is an opinion that digital assets are not revolutionary by themselves, but evolutionary. They will not tear down the existing system, but supplement fiat money and change the system just because digital assets provide a better user experience (UX).

Cryptocurrency is a logical step on the track marked up and laid down in early Antiquity —…


TL;DR

  • Cyclebit offers a turnkey solution for accepting crypto in your stores — just install our POS, set it up to the correct settings and you’re good to go!
  • We eliminate the problem of instant volatility for the merchants. With our terminals, the amount of fiat money, to which the merchant is entitled, is set in stone before the act of purchase itself takes place.
  • You can easily order the POS terminal on our website, cyclebit.io/pos.

It is our mission to make digital currencies available, and let anyone pay with crypto anywhere, for anything and at any time. In this blog…


NANO is currently one of the fastest distributed ledgers with significant adoption, which makes it an ideal means of payment on the Cyclebit Network.

As a part of our collaboration with Nano Foundation, we’re going to provide you with a step-by-step guide to becoming a Nano Principal Representative — a role in which you can participate first-hand in maintaining the network.

Running a Nano Representative

Running a representative node on the Nano network is affordable and easy. Participating in the Nano network offers excellent opportunities for institutions, services, businesses, and individuals to contribute to the world’s fastest, fee-less and decentralized cryptocurrency.

Many entities who share the vision of a more equal and empowering world economy can contribute towards making it a reality but supporting the Nano network.

Pushing for Decentralization

The…

Cyclebit

Sell and accept cryptocurrency anywhere. In-store, online or on-the-go.

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