<p>According to cryptocurrency acceptance monitoring resource CoinMap, the number of venues across the globe accepting Bitcoin (BTC) is up over 702% since December 2013. Areas with the most dramatic surge in businesses offering to exchange their goods and services for the number one digital asset by market capitalisation are those which were already showing stronger hints<a href="https://www.newsbtc.com/2019/02/12/bitcoin-acceptance/">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2019/02/12/bitcoin-acceptance/">Global Bitcoin Acceptance Up More than 702% Since 2013</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com/">NewsBTC</a>.</p>
Even in a bear market, Morgan Creek Digital has no problem swimming upstream.The crypto asset management firm just bagged a $40 million dollar investment and what appears to be the first blockchain/crypto investm...
<img alt="Philipines BTC.jpg" height="529" src="https://fs.bitcoinmagazine.com/img/images/Philipines_BTC.width-800.jpg" width="800"><br><div><div><p>The UnionBank of the Philippines, one of the leading financial institutions in the country, has launched a two-way bitcoin automated teller machine (ATM), according to a <a href="https://www.philstar.com/business/2019/02/06/1891103/unionbank-launches-first-virtual-currency-atm">story</a> in local media outlet Philstar.</p><p>This is the country's second crypto ATM that provides users with the ability to sell and purchase digital assets like bitcoin for pesos, the country’s official currency. The country's first bitcoin machine was installed in Manila by BitCoiniacs in 2015.</p><p>The UnionBank has reportedly collaborated with the Filipino Central Bank, Bangko Sentral ng Pilipinas (BSP).</p><p>UnionBank, the country's seventh largest bank told Philstar, “In the bank’s continued quest to cater to the evolving needs and tastes of customers, including clients who use virtual currency, the ATM will provide these clients an alternative channel to convert their pesos to virtual currency and vice versa.”</p><p>So far, the bank hasn't mentioned its intention to deploy more ATMs in the future, but it will be monitoring the usage and performance of the ATM, which could impact what it does next.</p><h4>Bitcoin in the Philippines</h4><p>In a country where about 77 percent of the population doesn’t <a href="http://cnnphilippines.com/business/2018/07/11/2017-financial-inclusion-survey-bsp.html">have a bank account</a>, crypto bridges the gap and creates inclusion for financial services.</p><p>Coins.ph, a leading crypto exchange in the country, <a href="https://coins.ph/blog/coins-ph-celebrates-5-million-customer-milestone/">celebrated the onboarding</a> of 5 million Filipinos on its platform in May 2018.</p><p>Another reason why crypto is so prevalent in the Philippines is remittances, which make up 10 percent of its GDP. The country is the <a href="https://www.philstar.com/business/2018/04/23/1808669/philippines-3rd-top-remittance-receiving-country-world">third largest remittance</a> receiving country in the world. For Filipinos overseas, cryptocurrencies offer a cheaper way of sending money to relatives at home.</p><p>For a country that is proactive with crypto regulations and was among the first nations to recognize it as an asset class, the deployment of regulated crypto ATMs could foster mainstream adoption of cryptocurrencies, build investor confidence and help develop the local cryptocurrency sector.</p></div></div> <p><em>This article originally appeared on <a href="https://bitcoinmagazine.com/">Bitcoin Magazine</a>.</em></p>
<p>Cryptocurrency adoption pioneers Lite.IM have just announced that the platform will now support Bitcoin (BTC) payments. This means, users of Facebook, Telegram, and even plain old SMS will now be able to send BTC to one another via their chosen social application. Such moves bridge the gap between the now enormously adopted mobile phone and<a href="https://www.newsbtc.com/2018/12/31/bitcoin-facebook-lite-im/">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2018/12/31/bitcoin-facebook-lite-im/">Bitcoin on Facebook? Lite.IM Adds BTC Support for Leading Social Networks</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com/">NewsBTC</a>.</p>
Lightning is a second-layer solution for the Bitcoin blockchain that addresses the scaling issues surrounding it today.Similar to Bitcoin, Lightning is an open-source protocol in which anyone can contribute to. W...
<p>It’s no secret that 2018 has been a tough year for the crypto markets, with Bitcoin dropping from highs of nearly $20,000 in late-2017 to recently established lows of $3,200. The market’s poor performance has led investors, analysts, and traders alike to ponder what impetus will be able to drive the markets back to their<a href="https://www.newsbtc.com/2018/12/17/bitpay-ceo-mass-crypto-adoption-could-be-right-around-the-corner/">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2018/12/17/bitpay-ceo-mass-crypto-adoption-could-be-right-around-the-corner/">BitPay CEO: Mass Crypto Adoption Could be Right Around the Corner</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com/">NewsBTC</a>.</p>
<p>This year’s bear market has seen most of the top cryptocurrencies hemorrhage over 80% as they plummet from those lofty heights made almost a year ago. Some have fared better than others and Ripple’s XRP token has been one of them. Crypto technology, however, is still in need of vast improvement, at least according to<a href="https://www.newsbtc.com/2018/12/13/ripple-exec-crypto-technology-needs-improvement-before-adoption/">...</a></p> <p>The post <a rel="nofollow" href="https://www.newsbtc.com/2018/12/13/ripple-exec-crypto-technology-needs-improvement-before-adoption/">Ripple Exec: Crypto Technology Needs Improvement Before Adoption</a> appeared first on <a rel="nofollow" href="https://www.newsbtc.com/">NewsBTC</a>.</p>
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