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BTC TO INR BANK TRANSFER IN INDIA | CONVERT BITCOIN INTO INR चुटकी में 2019

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Betting Sites › Best Online Betting Sites in India (Feb 2020)

Internet wagering is at present legitimate in practically all over India. These wagering destinations offer an assortment of sports to draw in players of India to exploit a few extraordinary offers and great returns. Wagering is progressively respected in India. With an ever increasing number of internet wagering destinations hoping to take advantage of the gainful Indian market, it very well may be trying to pick between them. We should investigate how to locate the best wagering destinations.
1-Betway
Betway is one of the most well known destinations. Betway is offering a thorough and monstrous scope of sports and markets. Additionally, their advancements and prizes for existing client continue moving week to week. They don't stop here. Betway incorporates probably the most exciting gambling club games, and they offer top quality rewards and store strategies which suits you.
2-Guts
The guts site is reasonable for live wagering. Guts begin working in 2013, and it was at first planned towards gambling club and gaming. In any case, inside a year they propelled their online sportsbook for clients. Guts sportsbook was fundamentally about football. Yet, presently they are offering a lot of significant games like football, tennis and cricket. You can guarantee their welcome reward by experiencing the prize area, and you can likewise recover your cash a sportsbook reward.
3-Ladbrokes
Ladbrokes is one of the notable high road name from British wagering history. They began their tasks in 18 century and their organizer Harry Ogden is perceived at the UK's first expert bookmaker. They began their web based wagering in 2000. You can get extraordinary North America sports inclusion alongside everything from Aussies Rules to Chess, Golf, MMA, Volleyball and pretty much everything in the middle of, just as pony dashing.
4-Moplay
Moplay is an online bookmaker which is concentrating on the portable parts of betting. Moplay started working in 2018. Pre-organize markets were in abundance additionally in examining around at different games like football, tennis and cricket. They do offer moment money out on sure decisions.
5-Boylesports
Boylesports is one of the solid free bookmaker brand subsidized in 1989 in Ireland. They have a major web business just as web based wagering administration. The edge is to some degree higher on soccer, around 6% yet the rest of the sportsbook is trading with a great deal of lower betting edge, particularly tennis which is essentially roughly 3.1%.
6-Sportingbet
Sportingbet started working in 1998. They have presented their administrations across 26 nations around the world. Sportingbet is clear in working since they are offering straight forward wagering administration for their clients.
7-Fortuna
It is an online bookmaker that underpins client showcase from India. This bookmaker permits secure route framework for better client experience for its clients. This site is an enrolled one, so it is ok for bettors to play their chances helpfully. They offer an assortment of choices like live wagering, club games betting and chances wagering. In any case, the new clients are given with 100% reward on making their first store.
8-William Hill
It is a notable brand far and wide. William slope was established in 1934. They have a fabulous inclusion of live football matches and different games. Their bet slip is splendid as well, allowing you full usefulness in controlling your wagering alternatives. You can make installment and withdrawal through various techniques.
9-Betvictor
Betvictor began its capacities during the 1940s. Through quality organizations, they have grown an enormous nearness in the online business. Betvictor isn't constrained to sports wagering, and they are likewise running some non-sports markets. They have entirely broad sportsbook which incorporates rugby, snooker, volleyball, cricket and darts.
10-22bet
22bet was set up in2017. Their sportsbook is an incredible fascination towards clients. Football, cricket, golf and tennis are the principle zones to take a gander at. 22bet is exceptionally liberal when discussing welcome rewards. Their clients must be 18+ to enroll themselves.
11-Paddy Power
Paddy Power is one of the most famous brands which is perceived all around the globe. They began their administrations in 1988 when three Irish bookmakers met up. There is a gigantic mean acknowledge in the Paddy Power sportsbook.
12-Unibet
Unibet is one of the well known brands in Europe and India. It was established in 1997. Their sportsbook spread tennis, football, b-ball just as chess, futsal, floor ball, bandy and surfing. They likewise offer a cash back reward for new clients. They offer a gigantic scope of wagering markets.
Unibet is probably the most seasoned game bookmaker around the world, set up in 1997, serving a large number of web based wagering account holders. It is notable all over Europe for its superb games wagering, online gambling club and poker stages.
13-Betfred
Betfred is a British bookmaker. They offer their administrations for India also. Betting power licenses them. The Betfred Empire starts working in 1967. They are offering a noteworthy edge on football wagering. You can either utilize their versatile application or site to make the most of their administrations.
14-888sport
It is an European based wagering stage which acknowledges the clients of India also. It is one of the perceived brands in odd markets. They are covering numerous games like rugby, soccer, cricket, tennis, horse dashing golf, boxing cycling and numerous others. You can make the most of their liberal invite offers.
15-Coral
When discussing Indian bookmakers, Coral is among the primary names you can consider. Coral was established during the 1920s, and it is one of the most well known brands when talking about excellent items and offers. They show top European nearby soccer with stunning highlights. Numerous different games have been presented, including football classes.
16-Royal Panda
Illustrious Panda is a worldwide stage which is offering their administrations all around India. They are advancing on the web gambling clubs, not the sportsbook. You can utilize their versatile application and site to make the most of their inventive rewards. It is one of the strictest betting locales. They are offering a wide scope of wagering markets. They are covering circuitous 40 games and a lot of classes.
17-Smarkets
Smarkets is an online stage which was established by a little gathering of speculator. They are acclaimed for their propelled exchanging stage and 25th quickest developed organization in Europe. Smarkets is exceptionally simple to utilize. They are sans offering wagers for their new clients and welcome rewards. Their essential center is noteworthy games like football tennis, golf, baseball and cricket.
18-Leovegas
It gives a gigantic portable wagering experience. Leovegas assumes an indispensable job in Indian wagering site. As we enter the landing page of Leovegas India, the primary thing we see slider is a slider in the focal point of the screen, publicizing for the most well known games and advancements here on Leovegas. Leovegas offers a clean and userfriendly stage.
19-10cric
As an ever increasing number of wagering locales are beginning to focus on the imperative Indian market, it is turning into somewhat hard for players to choose which spot is most appropriate for them. One of the most common issues is by all accounts how to get to these sites
20-Bet365
Bet365 is celebrated for being one of the greatest and best-wagering locales on the planet. Be that as it may, what makes Bet365 great? That response to this inquiry is that Bet365 has taken the internet wagering industry to an uncommon new level. They give the best betting involvement with all territories. They have the most gigantic assortment of gambling club games and sports wagering. They offer the best portable wagering experience, the best reward on wagering and simply the most amazing live betting experience generally.
Be that as it may, the point which makes Bet365 the world's greatest wagering site is the notoriety for unwavering quality that they have worked for themselves in years. Bet365 is a wagering site you can trust. They generally pay what they owe, and they put incredible significance on their notoriety is the thing that makes Bet365 a genuinely extraordinary bookmaker.
21-Sportsbet.io
Sportsbet.io is a worldwide games wagering organization that was established by individuals with an energy for sports. When you enter the site of Sportsbet.io, you get the inclination that this whole site is committed to sports wagering. It doesn't have the equivalent lavish impression that you jump on an old wagering site like Unibet or Betway. It's more Spartan and old school.
Then again, this isn't really an awful thing. They don't attempt to push ads or advancements at all of you an opportunity to achieve client's consideration. It's an entirely reliable spot for individuals who simply need to put down wagers and not need to stress over something over the top.
22-Bodog
Bodog is an old wagering bookmaker really among the most seasoned on the planet which has as of late opened up and began tolerating Indians players.
They have set up the procedure of the wagering site principally to serve bettors from India, where they endeavor an assortment of live cricket wagering alternatives, give helpful choices of storing cash and permit Indian money.
On the off chance that you appreciate sports wagering and club games or poker sitting, at that point you will in all likelihood appreciate Bodog India.
Bodog begins from Europe, yet it has an Indian site that is customized to suit the flavor of Indian players. Consequently it is of nothing unexpected to discover that the Bodog India Sports wagering is wealthy in cricket wagering.
The sportsbook incorporates all the noteworthy universal cricket competitions and arrangement, just as the well known classes like the Indian Premier League and the huge slam group Australia.
23-1XBET
1XBET Bookmaker is a youthful and quickly developing wagering site. Established in 2007, earlier it worked distinctly in the region, with more than 1,000 wagering bookmakers in Russia, and later started the experience in the online market. 1XBET is viewed as the main global bookmaker, in India the genuine speculators know it for quite a while in light of the fact that he underpins Indian rupee (INR) and has a Hindi language Version.
1XBET is mainstream for Indian expert punters, yet before long will be known in each edge of India, for the straightforward reasons that its installments segment is adjustable. So you can pick INDIA (from the rundown of nations) and see the techniques for stores and pulls back are accessible, obviously, don't missing Neteller and skrill all simple and clear.
24-BET WINNER
On the off chance that you are searching for a bookmaker that gives the best chances on the most famous games, the Betwinner might be the wagering site you are searching for.
Wager victor is a moderately new wagering site, however they have just become famous as the spot to be with regards to finding the best chances.
Wager victor is a moderately ongoing theorist that start its tasks in 2016 in the wake of accomplishing an administration permit from (Curaçao eGaming) for working on the web. Betb2b.com fabricated this site, and it is a similar program that is adding to 1xBET (acclaimed administrator of Russia) since 2007.
25-COME ON
Regardless of whether it is their online club activity or their games extend, COMEON India perseveres freely from others, through their broad inclusion and activities. They spread 29 classes of sports and offer a few other elective markets. This sportsbook underpins practically all standard installment designs and gives an incredible reward to new clients.
When you join as a part, you get an invite reward, and you can pick the alternative for the prize that you like. You can store cash once you sign in to your record by essentially tapping on the decision of store. ComeOn India offers the accompanying choices to store your cash
MasterCard
Visa Card
Paysafe Card
Skrill
Neteller
MuchBetter and the sky is the limit from there
26-Pinnacle
This is something we appreciate prescribe when you are simply beginning on another game. Start by playing for no particular reason, and once you've seen that you can bring in cash at this game, at that point toss in some genuine and unique rupees.
Genuine wagering is a zenith with brilliant highlights and extraordinary advancements
At Pinnacle, we know about definitely what Indian players search for in an amazing on the web gambling club. That is the reason we've accumulated a breathtaking mix of the most reliable online gambling club clubs around. Additionally, determinations of incredible table games don't stop there and make your life agreeable and simple we likewise offer a colossal assortment of store strategies for Indians gambling club players.
27-MELBet
Our consideration is currently redirected to the focal point of the screen where we see an advancement slider. It is where Unibet features all the present advancements that they are running. They are very brave advancements going on, which we will investigate later. One thing we notice is that all the costs are named in euros.
Beside the live wagering segment, we notice a catch named "supertoto'", and we choose to look at it. It ends up being another uncommon capacity, which is truly remarkable when contrasted with Unibet. Supertoto is a basic method to put down a wager on sports. The objective is to wagered on the result of whatever number matches as could be expected under the circumstances. You can wager on a success, lose or draw.
28-Matchbook
Matchbook offers a total sportsbook with in excess of 40 distinct games classifications to bet on, including cricket, football, tennis, horse dashing and practically all the famous games, just as e-sports, expert wrestling and different less normal games. You have a decision of live wagering on each live match that is occurring right now, and numerous competitions can even be live-spilled with liberated from cost office. The main standard is that you include put down a wager inside the most recent 24 hours. That gives you full access to the live spilling capacity.
29-Betfair
Betfair is one of the world's biggest global online games wagering specialist co-ops. Betfair has more than 2,000 utilizes around the world. Betfair holds betting permit in Malta, Gibraltar Italy, Tasmania and the United States. Betfair is promising in conveying exclusive expectations of respectability and has ensured more than 40 Memoranda of Understanding with the administering groups of sports.
Betfair is the most significant wagering bookmaker on the planet, offering a wide scope of wagering items including exotics wagering markets and extraordinary games, huge poker networks, arcade games and a gambling club.
30-Dafabet
Something that make Dafabet one of a kind is that they were made to serve the Asian market. All things considered, we can see that they are doing a great deal to interest Asian players, and particularly Indian players. For instance, we realize that they acknowledge Indian cash stores. They additionally offer loads of well known Indian games, for example, cricket, tennis and kabaddi. As an Indian player, it is pleasant to feel like you are esteemed as a client. There is likewise a lot of European games and well known Asian games and gambling club games accessible.
31-Rizk
It is an energizing and one of a kind internet betting webpage having a place with the European island naming Malta. The site is special it might be said that it depends on a superhuman topic which is an uncommon thing we have seen on some other wagering site previously. This current bookmaker's appeal is a hero naming Captain Rizk, and his topic can be discovered everywhere throughout the site.
32-Meridian BET
Meridian Bet is a main worldwide supplier of on the web and land-based games wagering arrangements with 700+ wagering shops in 35 nations around four landmasses? Their most noteworthy accomplishment is the steady income development pace of 20% over the most recent three years. They likewise offer an every minute of every day client assistance by means of live talk, telephone, email or informal community.
33-SBOBET
Inside an incredibly solemn methodology towards security and visitor administration, SBOBET is a main web based gaming brand. They have won the Asian Operator of the year grant for 2009-10. SBOBET offers you a quick and secure player condition with prompt winning outcomes, fast installments and simple access to nonstop web based wagering.
34-Winamax
This webpage is among the world's biggest online poker rooms and sports wagering destinations offering phenomenal chances to its players. Its immense number of enlisted genuine cash players has surpassed 3,000,000. This site gives dependable gaming instruments to make poker protected and a good time for the players.
35-5DIMES
This site is known to be the highest quality level in internet gaming. It offers on the web and via telephone wagers for open parlays. Owning the business for over 15 years adds to unwavering quality. This site gives the player's cashback rewards, diminished juice wagers, free play remunerates and significantly more.
36-ADJARABET
Situated in Georgia, this organization is the main site in the nation. Players can play gambling club games on the web or entertain themselves with sports wagering at this bookmaker website.
37-Planetwin365
Planetwin365 is Europe's quickest developing wagering and gaming administrators. This site is working with a large number of subsidiary accomplices over the world. More than one million wagers are handled day by day, and it additionally supplies in excess of 1300 retail outlets. The brand planetwin 365 is claimed by the SKS365 gathering of organizations which holds online licenses alongside land-based licenses from seven nations in Europe.
38-Red Sport
Red game is a worldwide games betting organization. It started to include in sports sponsorship in 2010. This organization is among the first non-US online games wagering organizations working in the United States. It is additionally an individual from ESSA, which is the European wagering uprightness body.
39-Cloud wager
Cloud wager directs the wagering business through a chain of authorized shops that are situated in Ireland and the UK. It offers online games wagering, online club and poker, online bingo and numerous other web based games.
40-POKER SPORTS
Once in the past known as Party Bets, is presently possessed by one of the biggest poker locales on the net, Party Poker. Authorized from both Gibraltar and UK, the site offers a wide scope of sports and great client care. To stall out in, the site gives a broad scope of games. Customers are very much provided food for, and every single significant game occasions are secured. Football is the most mainstream and secured sport by a wide margin, as the site is an European confronting bookmaker.
41-SPORTSPESA
Sportspesa, a games news innovation, was established in 2014, offering web based games and lotteries. It is a games news innovation with around 500 workers and has put resources into the advancement of the nearby games groups and competitions in Tanzania and Kenya. It works in relationship with TGP in the UK.
42-NOVIBET
Claimed by Logflex MT constrained, NOVIBET.com is a completely enlisted web based betting site. Playing with Novibet isn't simply fun however is sheltered and secure on the grounds that it holds licenses from MGA, which make the site obliged to keep all customers assets in trust accounts. The site offers a dependable gaming strategy and is focused on limiting the unfavorable impacts of issue betting and is resolved to advance positive betting practices.
43-BETPAWA
Offering different sorts of bettings on numerous games from over the world, BETPAWA is the most present day and quick wagering site in Zambia. This site is a creative bookmaker that offers the most reduced value wagers. It leads a wide assortment of pre-coordinate and in-play wagers on football alongside different games like b-ball, tennis and so on. You can choose from an immense scope of wagers on the site and can likewise decide on live wagering.
44-MISLI
As a piece of Fold gadgets gaming and distributing, MISLI was established in 2009. This site is situated in Istanbul. MISLI is a participation based site which offers online games wagering and lotteries. This site offers wagers on an assortment of games, particularly supporting soccer. It likewise gives the clients to play the national lottery. This site as of now utilizes 36 innovations. MISLI.com has been positioned 12,027 among the worldwide sites dependent on the huge number of its month to month guests surpassing 4,115,485.
45-Sky BET
Sky wagering and gaming, a British based Canadian organization, has offered a wagering division as Sky Bet. It possesses 1,628 representatives and is evaluated sixth among the ten highest contenders. This organization is the world's driving internet gaming and wagering organization which has the most noteworthy number of clients than any other person. Lion's share of the tasks of Sky Bet are led from Leeds. They offer to wager through their site, phone or portable applications and so forth. AGCC licenses the organization. Sky Bet likewise had a TV channel on Sky Channel 864 which quit working on February 2012.
46-Bet SAFE
With regards to online club and wagering, and Bet Safe is a rumored name. This website is a bookmaker and online gambling club which was established in 2006 and is possessed by a notable Swedish organization. 400 fifty thousand clients profit the ideas from 100 distinct nations around the globe. The dependability and unwavering quality of the site are apparent by the tremendous number of clients it possesses. Wager Safe is an easy to understand site offering an enormous assortment of games and items. It gives an astounding client assistance program and its simple to store and pull back cash. This site gives its clients the best web based gaming experience.
47-1xBit
This site offer betting stage for Bitcoin and digital money was established in 2016. Wagers are offered day by day more than 1000 games. Live online club games and in excess of 3000 openings are likewise accessible. A selective element is that it gives its games too. All client accounts bolster numerous monetary forms, and it empowers the players to wager utilizing in excess of ten cryptographic forms of money. Clients are additionally offered an assortment of rewards. A 100% first store reward is the most extreme preferred position. A bug assists with multiplying and right away pull back the main store reserves. Client's perspectives recommend that their client care is dependable and accommodating. It is being seen as the best reserving site for crypto. It offers high chances to the players when contrasted with comparable sportsbooks.
48-Mozzart BET
Since 2000, Mozzart has been a specific piece of the gaming business. This organization offers around 10,000 chances day by day for around 500 games. As of late, Mozzart has led its ground activity with more than 900 retailer shops and has seen a high development rate in its online administrations. One ought to be over 18 to wager on the site Mozzartbet.com. BCLB has given the permit to the site. Live wagering on games is offered including football, ball, tennis and other critical occasions. You can observe live spilling of your preferred round and put down online wagers.
49-Boyle SPORT
Ireland biggest and free bookmaker is known as BoyleSports. They contribute in the online space by adding the top of the line applications to the google play store which offer web based wagering, club, gaming, wagering and lottery administrations. By 2004, they had 77 shops, and in 2006 they opened their 100th store.
50-BetChris
In 2019, BetChris declared to enter the United Kingdom retail advertise with the popular bookmaker Gilbert. The organization's activity was extended in Northern Ireland which made the nation Ireland's biggest retail bookmaker.
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India Online Gambling Sites

Cricket Bookies in line that accepts Indian Rupee
Public Gaming
Act of 2019 prohibits individuals of India from wagering on sporting activities wagering which has in some way disrupted business of cricket bookies in line of sporting activities betting. Nevertheless, talking about sporting activities betting, there is a percentage of charge of 100 INR, with possibly one-month imprisonment. Luckily, to resolve this problem, there are numerous lawful online betting sites for sporting activities, outside of India, that are more than satisfied to accept us as their consumers.
We would here address one thing that, till the present date, no Indian has actually ever held reliant custodianship for betting on on-line cricket bookies.
Which are favourite on the internet bookmakers in India?
The best online wagering sites for cricket in India, in addition to being prominent amongst Indians, is Betbarter.net. They were a part of the first bookies that we knew of to supply purchases of deposits and withdrawals in Indian Rupee Money (INR). This bookie has an extensive variety of sporting activities offerings like Champions organization, IPL, La Liga, EPL, football I-league, Rugby, Horse Racing, tennis, boxing as well as boundless sporting activities covering throughout the world.
Even though there are currently many other on-line sporting activities wagering sites using INR wagering accounts, many are not trustworthy. If you are searching for choices past Betbarter, we suggest adhering to sector leaders that are licensed, controlled and also have amazing notoriety. If Indian rupee isn't easily accessible as a cash option, open your account in Euro (EUR). We have consisted of much more extensive data bookmakers to take into consideration, later in this article.How can you use the best online betting in India?
On the internet gaming [1] sites having a go at a post-up property. You can simply bet making use of cash from your account equilibrium. At the point when you put down a wager, the money is subtracted from your account. If the wager wins that cash comes back to your account equilibrium as well as the benefits are added to, you can deposit/withdrawal all or part of your balance whenever you want.Every sporting activities wagering site includes various options of down payments as well as withdrawals. We recommend you to surf the cashier choice to look through the alternatives readily available as well as pick the one that you know with. Be motivated that various websites ensure to acknowledge credit rating as well as debit cards, yet not all cards for India will work. There is a high rate of the card getting declined although you have cash in your wagering account. This is the reason for setting up e-wallets is prudent
Skrill operating in India?
Those who are serious about on-line wagering may want to have different e-wallets. The following I suggest establishing is www.skrill.com which has lower charges. Validating a Skrill account from India can be a moderate issue, so you require to get in the registration details very meticulously. The exciting news is as soon as you receive the verification treatment (often takes multi-week or a lot more) you'll be established to relocate money to any kind of sporting activities wagering website effortlessly.
Neteller in India
www.neteller.com is another popular e-wallet that can be made use of in India. Neteller is essentially a UK company licensed by federal government FSA (Financial Service Authority) to function as a web savings account. This e-wallet gives an option to open an account in lots of money, consisting of INR.
Practically every online betting site offers NETELLER in their staff as both a deposit and also to withdrawal. You can use this comparable to your financial institution account.Getting squander of NETELLER is straightforward. They supply financial institution action withdrawals to any type of bank on the world and have various alternatives accessible also. The challenge is a lot more on the best means to include cash money to NETELLER originally. For this, you may need to use something like bitcoin to store. You can discover this in the funding section of your NETELLER [2] account. Bitcoins can be acquired making use of IMPS Financial institution Transfer from private venders advertising on Neighborhood Bitcoins. That site goes about as an escrow making it a safe technique to buy bitcoin online from India.
Various other sites to consider for sports betting
Betfair.com-It is the globe's largest wagering exchange as well as easy to use for Indians, as well as you can become familiar with the Betfair reviews. They supply to bet on Indian Premier Organization and also a wide variety of sporting activities from all over throughout the world. The main absent component here is I-league football betting.
188Bet.com-This internet site supplies online banking on football matches. This is a remarkable Oriental Bookmaker for Indians. They give the alternative of live betting on all the significant football competitions from all over the world, consisting of EPL and on leagues less well-known around the world, as an example, I-association, Chinese Super Organization, and so forth. They are, we would see it not the most effective for cricket.
submitted by BetBarter to u/BetBarter [link] [comments]

Bitcoin investment plan

Bitcoin investment plan
This exhortation in an old Chinese precept is generally adept for the clients wanting to put resources into Bitcoins. On the off chance that you are somebody who has caught wind of Bitcoin, regardless of when yet have never put resources into it NOW is the correct time.

Bitcoin, a computerized decentralized cash dependent on Blockchain, is heading for good things. When you know how Bitcoin functions, it is an easy decision to comprehend that Bitcoin is digging in for the long haul. On the off chance that we attempt to comprehend the innovation and its basic standards, it is all in all correct to state that the cost will continue ascending throughout the years to come.

One of the significant purposes behind the case is the limited measure of Bitcoins, making it an incredible store of significant worth (just 21 millions Bitcoins) and viral selection around the world.

https://preview.redd.it/m0h0wjuc6w841.jpg?width=679&format=pjpg&auto=webp&s=b570ee8efdba44ab557e9d050f48cedf8be33d71
On the off chance that you are prepared and eager to buy Bitcoins, this guide will assist you with beginning with Bitcoin venture. Treat this as a plan for Bitcoin speculations. Do redo it as indicated by your current monetary circumstance that suits your needs.

Here is the thing that you have to begin putting resources into Bitcoins:

A trade or site to purchase Bitcoins

A wallet where you can store Bitcoins

These two are absolute necessities to begin with. By no means should you miss the comprehension of the right site and a sheltered wallet, or you may fall prey to some MLM (Multi-level Marketing) or trick, bringing about misfortunes.

What you have to comprehend is Bitcoin resembles keeping cash with you. Not at all like USD, INR or different monetary forms that you keep in the bank, Bitcoin is unique. What's more, you are answerable for purchasing, selling and safely putting away it. I have discussed these in my previous guide here.

Until further notice, we should talk about point #1 and #2. In the coming days, I will likewise discuss the measure of cash you ought to put resources into Bitcoin.
submitted by Bitcoin12investment to u/Bitcoin12investment [link] [comments]

Recap of AMA with Zac on July 3 and Q2 report

Dear Pundians,
Thank you for participating in the AMA session with Pundi X co-founder and CEO Zac Cheah.
For those of you who may have missed it, the live recording of the AMA session held on July 3 at 10:00 am GMT+8, tackling Q2 progress and addressing questions and concerns by the community members, can be viewed here. A side note that today’s AMA video quality and setting was not ideal. We acknowledge this situation and will make improvement for our next AMA session.
You may also find a summary of the Q2 progress presentation as well as all the detail Q&A below.
## Pundi X Q2 2019 Highlights
* Pundi X has integrated more public chains into our products. In Q2, we completed integration of Binance Chain. NEM chain is in the work. As of today we’ve launched BNB, the Binance Chain native Coin and XEM, NEM native coin on Pundi X payment platform. We will integrate at least one more public chain in Q3.
* The transactions on XPOS for Q2 is 15.5 million in USD, which is close to 300% quarterly growth. The number of transactions is 29,367, which leads to a 11% growth QoQ.
* XPOS has successfully received FCC and KC certifications. A new certification for Latin American market is on the way. * To expand XPOS footprint, Pundi X’s integration with a new leading mainstream point-of-sales device is in the work. Stay tuned for the announcement.
* Pundi X Open Platform was launched in May, 2019, which now supports ERC20 and BEP2 token listing. Moving forward, we will continue to support tokens from other public chains.
* A 3,000 XPASS order from DigiX, a gold-based token, and a 10,000 XPASS order from BitCobie this quarter.
* XPOS is spread in use in over 30 countries. We’ve published a map of XPOS location of self-report XPOS merchant directory. You can find a list of selected XPOS merchants at [https://www.pundix.com/products\](https://www.pundix.com/products). * The QoQ growth of XWallet is tremendous at 43%. In the previous quarter, we have less than 20k users, whereas in Q2 we have hit 297k XWallet users.
More updates on XWallet:
* Supported BNB and NEM tokens; 2FA, face ID, and optimized SMS serviceAvailable on iOS, Android as well as in Samsung Galaxy Store
New features coming up in Q3:- DApp integration - Decentralized wallet- In-app crypto payments - Chat service, which will be compatible with a commonly used chat app- f(x) testnet features to be rolled out first in XWallet
## Other notices coming up in Q3 2019
* The Q2 token removal will take place on July 14, 2019, which will involve in total 34 billion of NPXS and NPXSXEM (22 million worth in USD) removal. In the past 365 days, we’ve removed a total of 36.1 million US dollar worth of NPXS and NPXSXEM.
Before Q2 removal, the total supply of NPXS ERC20 is 266,962,422,906.53 and NPXSXEM is 95,816,218,929. [See Q1 removal here.](/pundix/recap-of-ama-with-zac-on-july-3-and-q2-report-a23de165dd28)
* [NPXSXEM will be ported to Binance Chain from July 20](/pundix/npxsxem-will-be-on-binance-chain-c6485f17726b). * XPhone pre-order will start in late July with a new product name. Stay tuned. Check out the teaser video that we are releasing it across our communication channels. ## Q&A
## On XPOS
* **Where are we on official global location of XPOS?**
Zac: We have made a map on our official website that merchants can self report and feature their locations. It’s at [https://www.pundix.com/product\](https://www.pundix.com/product). We’ll be increasing and updating the map once we have permission form the merchants to update their locations.
* **The marketing from pundi has shifted from 100,000–700,000 xpos units by 2021 to 100,000. I understand the bear market has affected this but please share the strategy moving forward to hit your goal. How do you feel about hitting this goal?**
Zac: The 100K XPOS target has always been the initial goal and it’s stated in our whitepaper. And we are still working on achieving the goal by the end of 2021. Part of our growth strategy is to also explore the possibility to port our platform to traditional POS manufacturers to increase the adoption, which is ongoing at the moment.
* **1 year ago you sent 5000 XPOS somewhere. When, at least half of them, will be working? 3 year target was 100,000 by 2021. Now we have only 150 units, how do you expect to reach this goal?**
Zac: Yes, we have shipped thousands of XPOS to over 30 countries in the world. The 150 you’ve mentioned are the featured merchants which are published on the map. The active XPOS devices are deployed over 33 countries and we are actively talking to B2B partners to have higher wholesale and big deployments.
* **How many XPOS are live and used?**
Zac: We have gone through a very serious bear market, and some of the initial inbound requests for XPOS are not delivered. However, we are working slowly but surely with our Business Development team to not just roll-out into individual buyers, such as what we did on Pizza Day, but also to B2B partners. With the certifications approved, that will also help us to officially roll out to some of the key markets.
Individual merchants can use XWallet collection feature to accept crypto payment with QR code. For the merchants who have physical offline storefronts, they can use XPOS to enable the instant crypto transaction seamlessly. Moreover, as mentioned previously, we are exploring the integration on leading traditional POS terminal so that their distributors have option to enable crypto transaction feature. As for the challenge to adopt XPOS, it is the regulatory compliance in different countries. For this, our legal team think ahead and encourage our merchants to complete KYC.
I must be very honest to say the activation takes longer time than we expect but it will be worth at the end.
* **What’s the average number of transactions per xpos in use?**
Zac: The transaction number has increased very well. The number of each XPOS differs, due to the frequency of using crypto currency to purchase item or crypto assets. There’s no standard answer to this, but overall we see the transaction number and volume are going up.
* **How do you plan to reach the target of 100,000 by 2021?**
Zac: One of the challenges that we have is regulatory compliances in different countries. There are certain markets that do not allow crypto currencies and some require a clear approval for us to deploy XPOS. We are working on both challenges by talking to governments and applying for certifications. So how we plan to reach 100,000 XPOS user by 2021 is to work with distributors, B2B partners on a government / business level, and with existing POS companies to integrate our software solution into the system.
* **We understand as there was bear market and hence Xpos usage demand was low. Are you guys seeing growth of Xpos usage with current market conditions. Can you guys put some statistics comparison like last 30 days Xpos usage vs any month from bear market usage?**
Zac: It is very clear that as we moved out from the bear market, the demand for XPOS has been increasing. As we’ve shared just now both the transaction number and volume of Q2 have beaten Q1. We’ll be able to share more transaction numbers once we receive approval from our XPOS merchants.
One exciting thing is that, with the listing of different tokens, we also see users using these tokens as a way to transact on XPOS, which means we will be having more ways to transact and this is a growth point for XPOS.
* **When will there be more details for XPHONE and XPOS HANDY?**
Zac: For XPOS handy, we have finished production and it will be released in Q3
* **When will the iOS version of XWallet and XPOS be fully translated to other languages?**
Zac: Right now, the XWallet has Traditional Chinese, Korean, Spanish, German and English. With the latest version update, it now includes Portuguese. XPOS also comes with many languages and we hope to finish with more language, either working with professionals or volunteers. If you’re interested in volunteering, please contact us.
* **When will the Merchant back office have Product Registration and SKU id ability and also integrate with other POS software?** * **When will the top-up feature go away for XPOS to allow liquidity for XPOS**
Zac: We constantly update features in XPOS and merchant backend to make it easier for distributors and merchants to use. We understand that one of the ways for mass adoption is to enhance our distributor management system. With that, the distributors can manage manay XPOS at one time with different merchants.
Please stay tuned as we announce more and more functions of this feature.
## On Dubai
* **When will we see the deployment of the XPOS in Dubai?** * **Can we spend NPXS on the Dubai XPOS?**
Zac: As with all big projects there are a lot of moving parts, that includes working very closely with the local government, in Dubai’s case, the Credit Bureau of the Finance Ministry. Things are progressing for the Dubai project but due to confidentiality agreements with the parties involved, we cannot reveal much. All we can say is that we and our Dubai partners are working hard to have XPOS roll-out in the Dubai market and the UAE.
We are also discussing aggressively with Dubai partners whether to include crypto assets in the XPOS in Dubai. That clearly will involve local compliance and legal for that to happen.
* **Your system upgrades expect merchants to have downtime on their XPOS terminals, can you explain if you plan to run a business why this would be considered feasible (specially at the rate you have been doing your upgrades)?**
Zac: Yes, the benefit / strength of the XPOS is that most of the updates can be done on the fly. For example, when we have a token update on our XPOS where developers submit their tokens on Open Platform, the updates of this token are on the fly, which means that once we approve the token on our Open Platform, it will automatically appear on XPOS without any software updates.
The great thing that we believe about XPOS is not just the support of crypto assets, but also the ability to update most things on the fly, which means that whenever we have a good feature or a new token, the updates will be done instantaneously.
* **Can you guys arrange at least a community voting which is the next blockchain we would like to see next in XPOS? Voting will help to prioritize to chose the projects.**
Zac: One of the reasons why BNB is being listed on the XPOS is simply because of its popularity and also our user demand, in a way that we are already answering to our community’s request.
Right now, our main focus is getting all the tokens submitted on Open Platform to be listed on the XPOS. The submission process includes legal and compliance valid, so our legal and compliance teams are working hard to make sure that we have more tokens to roll out onto Open Platform, which means that they will be on XPOS, XWallet, and XPASS.
As to a specific voting mechanism, we’d like to consider that and hopefully we’ll be able to run a specific voting for the chain which users would like to see.
* **While comparing Xpos handy to Square POS devices at least with mobile it’s very cheap like under $30 and easy to use. When can we expect such light weight and cheaper version for XPOS? Is team working on such devices ?**
Zac: There are different POS companies around the globe and pour focus is to work with these POS companies with our software, so that a crypto sales feature will be part of the existing POS system. The more support of crypto asset usage using our software on existing POS, the better it is for global adoption.
We actually strongly believe that the pricing of our POS system is competitive in the market. And one of the great features of the XPOS is that the merchants will not need not to pay a certain percentage to existing acquirer but to be able to earn certain percentage from each transaction. That is the key differentiator for merchant to want to adopt this.
* **From the website with some of the key Countries for XPOS adoption looks great. However, the concern is for Venezuela, there is no reference link like the others have. Can you guys add the link with details to clear the ambiguity?**
Zac: Let’s give a little bit more patience so that we can actually release more information about our Venezuelan partnership. The good news is that we expect concrete news from Venezuela in the coming 2 weeks. So stay up-to-date about our Venezuelan roll out on XPOS, the best way is to subscribe to our telegram group for Venezuela.
## On Partnerships
* **Are there some major partnership in the works? I’m also interested in how you do immediate transactions? Do you anticipate scaling issues?**
Zac: The way XPOS is being designed is that when you use your crypto assets to purchase, it will have instantaneous confirmation because the action is an off-chain process. An on-chain action happens when a user who owns crypto assets in our system transferring the assets out of the Pundi X ecosystem to their own wallets; or to transfer crypto assets in Pundi X from an off-chain to a private wallet, which we will have very soon on XWallet itself.
That is why we are able to handle scaling. When a person wants to use crypto currency to buy a coffee, the transaction will happen instantaneously.
For specific partnership, especially with B2B partnership, we oblige to the NDA that we have signed. But if you follow us closely, you’ll know that we go to different parts of the world, talking to major companies to try to land more deals so that NPXS usage will increase dramatically.
* **Any big partnerships for making xphone or using the software for xBlockchain?**
Zac: These partnerships are also subjected to NDA, so please be patient for us to release more news.
* **When will XPOS have approval to process Visa and MasterCard payments?**
Zac: We have met representatives from these players including some of the key management people. They are obviously looking into crypto currency attentively, and we hope that there’s something we can do with MasterCard and/or Visa.
This is something that the community has suggested and we agree fully. Please allow us with some time to work on this. We have also showcased XPOS to the CEO of MasterCard. For what or when will anything happen, please wait for our official announcement.
* **What’s the status on Quantum fund and their contribution or involvement with Pundi’s project?**
Zac: We announced last year that we are creating a fund to invest in projects beneficial to our ecosystem. We’ve identified some interesting projects, and we have invested in at least 1 project. The reason why we’re investing in that project is because of the services that it will bring onto the Pindi X ecosystem. So the purpose of the investment of the companies is that these companies in turn will benefit on our ecosystem. This is our key consideration.
The team has evaluated the projects that will benefit the Pundi X / Function X ecosystem. Vic and his team will be able to reveal more details on the companies we have invested in and how they will contribute to our ecosystem in Q3.
* **Recent update on NPXSXEM is highly ambiguous as mentioned that it will be now BEP token and later once FX goes live it will get back to Fx platform. Why you guys had so rush to use Binance chain only for few months? Isn’t you guys switching to much in a short time span?**
Zac: Liquidity and utility have been an issue for NPXSXEM. Due to the design philosophy and the limit of token that can be created on NEM’s smart contract, we are only able to create a small number of tokens on NPXSXEM. By moving into the Binance chain for NPXSXEM, the BEP2 token version will be able to support all the NPXSXEM tokens, which means that we’ll migrate and also be able to make sure all the NPXSXEM tokens are under the same contract address.
We believe with the strong liquidity, we will be able to give our NPXSXEM token holders a good reason of what the token holders have been waiting for. We hope to bring NPXSXEM to match the level of NPXS.
* **When #XRP?**
Zac: Our OpenPlatform is a currency agnostic platform, which means that we will work on integrating public chain as well as tokens that are most requested by the users. We’ll also be looking into the listing of different tokens that are being mentioned by the community.
As said, we will have at least one more public chain integration in Q3, perhaps even more.
* **Are you as a company going to try and connect with libra? If they have said they want to be a payment remittance service, have Square, PayPal, Visa on board I as an investor would prefer you try to join them rather than beat such large competitors**
Zac: Of course, we’ll be delighted to work with Facebook and also the Libra coin. Pundi X and XPOS is a currency agnostic / currency neutral platform, if there’s opportunity to list Libra coin or work with Facebook in different ways to promote crypto currency adoption, we’ll certainly look into that and work on reaching out to them.
## On Trading
* **Can you confirm during AMA, Pundi team is not involved with any trading with their own token like selling over time to manage the fund to run the company.**
Zac: All the wallet addresses of the team holdings are disclosed and transparent. This is one of the first things that we did after ICO. Hence, our token holdings are transparent and everyone can monitor our fund transactions. Also, we have strict internal financial regulation and compliance, shows that we are here to build a long-term project.
The best way to make NPXS or the NPXSXEM to rise is real daily life use case.
* **When will you stop manipulating NPXS chart?**
Zac: Our focus has always been and will be building great products. The more product usage, the demands for NPXS and NPXSXEM will increase. Let’s address again that, Pundi X the company is NOT involved in any manipulation of the NPXS price.
There are trading teams, market makers, financial institutions that profit from the drop and rise of token prices in the crypto market. The good thing about NPXS is that we have managed to create a high liquidity by listing on 40+ exchanges and having global trades and demand from all over the world. We hope this and coupled with the fact that we are a solid product and roll out the use cases, the demand of NPXS will only continue to rise and will be able to deter any of the traders or speculators there is for NPXS.
These traders gain profit from manipulating tokens whether BTC or other tokens. In fact, the traditional financial markets have similar challenges as well. What I want to stress is that, we at Pundi X, do NOT speculate or manipulate the price. We work very hard to create demands for NPXS and as a company, it is only beneficial for us to see the prices of NPXS and NPXSXEM rise.
* **Can we please address the elephant in the room which is the Binance bot with huge sell walls and buy walls causing huge distress and concern among users?**
Zac: First, I cannot confirm nor deny that whether Binance has a bot. I think this is something that you need to ask Binance. We need to work with Binance because Binance has one of the biggest liquidities, if not the greatest liquidity, for NPXS. The best way to counter manipulators is to create more use case, more demand and more acceptance of our tokens.
* **Why on almost all exchanges do you not offer a USDT trading pair?**
Zac: We have USDT trading pairs on Bittrex, Bittrue, and more. In addition, we have fiat pairs in Korean Won, IDR, INR, and Turkish liras. We will continue to work on adding trading pairs for NPXS to make it more liquidate.
* **Why don’t you offer a stable coin sell and purchase on the xpos to help with adoption? Places in Africa with volatile currencies would go crazy for this.**
Zac: It’s a great observation. This is a request that’s been asked from many users. We’re working on stable coin listing on XPOS and hopefully it’ll come soon. Stable coin requires a greater compliance and legal validate, which we have been working on since months ago and we hope to have the stable coin up in XPOS soon.
* **When will you add an active tracker for coin burn, whether its measured in usd, NPXS or whatever you choose. The community has been asking for this on twitter, reddit and telegram for this entire year.**
Zac: It will be hard for us to have a daily tracker of the coin burn, but what we might be able to work on is a tracker which have shown all of the tokens that have been removed from the usage. Thank you for giving us this great suggestion and we will work on it in some form.
Zac: Our token supply has always been specified in our white paper, and as promised in our white paper, we will continue to remove tokens through usage and use cases, which we’re working on all the time.
* **Price movement. When will NPXS go to which price?**
Zac: We cannot comment on the change of the price. Our focus is on building products. We hope by doing that the NPXS value will go up. Again, there’s no way that we can comment on the price.
**I believe that burning tokens every 14 weeks keeps the price suppressed and will only lead to huge pumps and dumps. Imo, If the burns were more frequent, the price would move organically.**
Zac: We continue removing tokens quarterly per advised by our legal and compliance team.
**Is it mandatory npxs swap? What happens for token we have in binance?**
Zac: No it’s not a mandatory NPXS swap for FX.
**How many NPXS or NPXSXEM was converted?**
Zac: In Q2, we will remove 29B NPXSXEM and 9B NPXS.
## On XWallet
* **Why not put in XWallet like the place where we can buy and sell like restaurants and shops?**
Zac: You are correct. In fact, if you look at XWallet, there is a merchant feature, whereby you can register as a merchant. By becoming a merchant, you will be able to print out your QR code and stick it on your restaurant. People are able to make payment through this QR code. This will act like a mini-XPOS.
* **In addition to that having multiple different blockchain in XWallet will increase the XWallet adoption. Hence, we would like to see aggressive game plan and execution from the team and would like to hear that**
Zac: That’s a great suggestion. Every day we want to increase use cases for XWallet. In fact, our XWallet update is one of the most frequent in the market. Within 5 months, we have over 10 updates on iOS and Google Play. This does not include soft update which happens every several days. In my view, the effort is very tremendous.
* **Is there any plan to add Swap option within XWallet so that people can trade the coins within XWallet?**
Zac: Yes, there’s such plan and in fact there is an upcoming feature that people will be able to use coins in XWallet to exchange into other things. The exact form and format have not been reviewed. We hope to share more when we have concrete example. But what you suggested is what we are planning for months ago.
* **When will XPOS and XWallet have fiat on ramps?**
Zac: This is a good question. It’s not only involved with regulatory compliance but also involved the technical part. This is also something we are planning for months. Once approved, hopefully we are able to support fiat currency on ramps and off ramps on XWallet.
**On Others*\*
* **How is the internal organization doing? Currently how many employees work for Pundi? Currently how many job positions are open?**
Zac: Pundi X has grown tremendously. We are now having over seven offices around the globe. I’m sitting in the Singapore office. We have office in Jakarta, Taiwan, Tokyo, Shenzhen, São Paulo and London. These are the places we have physical offices and house approximately 100 full time employees of Pundi X.
The positions open from Pundi X are legal associate in Singapore and other offices. We are looking for more R&D people, especially in Taiwan. We are looking at marketing and PR people in different parts of the world. And we are looking for POS distributors. As a POS distributor, you will work with our business development team and also our technical team to roll out many XPOS which you have a network to control in your local market.
* **Would you consider removing the KYC to allow u.s. holder to stake and be rewarded?**
Zac: We would love to have more users, including US. However, our compliance and legal advisors have not allowed us to accept US holders to stake and be rewarded.
I’m sorry to say that but this is after serious consideration to make such a decision. In fact, it is a very hard decision because we have healthy user base in the US.
will continue to monitor the situation in the different markets and be compliant. There are also ways to be rewarded when using XWallet service without KYC. We are looking into to explore more on this and launch new features. Hopefully we are able to bring the beta version for you to test this week or next.
**On XPhone*\*
* **Where are we on pre-sale announcement of Xphone? It was highlights of Q2 goal. If we are getting delay, that’s ok. But at least community will have some clarification why it’s getting late and when approximately it coming?**
Zac: Pre-sale order will start this month. It’s likely the end of July. Pre-sale will take place in different channel including the official website and XWallet. Apart of our own channel, the pre-sale will go live on a 3rd party channel. People will be able to pre-order crypto either in crypto or in fiat.
* **Can you discuss in AMA, is participants can pay with Crypto or Credit/debit card or in both ways?**
Zac: As a crypto company, we prefer payment in crypto, but fiat, Visa, MasterCard, and other traditional payment methods will be accepted on different pre-order channels. Stay tuned for pre-order which will happen in late July.
* **Will the Xphone be open to purchase in all regions of the world?**
Zac: Yes, pre-orders will be able to be done on-line, and products will be shipped from our offices to users in different parts of the world.
* **Will the blockchain mode on the Xphone be operable during the testnet or will this function not work until mainnet?**
Zac: XWallet and XPhone are the first channel and avenue for Function X testnet, so once the testnet is operateble, we will start to engage certain services on XWallet and XPhone into Function X testnet, and ultimately into mainnet. Slowly but surely.
* **Does Xphone have hard protective cover,extra Sim slot, also is it enhanced with ip68 water rating?**
Zac: XPhone will not be waterproof, so please do not submerge XPhone into water. XPhone will definitely be eavesdrop-proof because we’re using a blockchain mode, only you and you control your own conversation.
* **Which country accept the Xphone?** * **Will I also be able to use the SIM-card?** * **The blockchain modus will work in every country (what in the absense of nodes)?** * **Will the XPhone I buy now support updates in the future?**
Zac: People from any country will be able to buy XPhone on-line. You will be able to use a SIM for we have built a SIM slot. Wherever you are, the XPhone can be turned on to become a node.
Will XPhone support future updates? Yes, of course. Just like the XPOS, we support silent update. It will be like how we support XPOS, many updates. The updates will always be supported on XPhone.
**On Function X*\*
* **When is the detail white paper coming for FunctionX? Why the team is very resistive to have well documented white paper? We need scientific approach and well documentation on FunctionX to have developers to be more involved.**
Zac: Yes, developer involvement is a key criterion of the growth of Function X. We have done 2 things, one is that we have set up Function X Foundation which is led by David Ben Kay and will involve third party adviser and board members. Second, we have set up a developer relations team led by one of our own members as well. This team will work on creating developer documents, developer demos and sample, so that excellent developers can tap into working with Function X resources.
The first version of developer documentation is ready in English and Chinese. We are still polishing up the documents and hopefully to release them soon.
We are also working with third party developers, and are engaging at least 2 third party developer companies, so that we can help create their services on Function X and also XWallet.
We are hoping to showcase a smooth and usable service to the audience, we think this is the key criterion of the Function X growth.
Thank you for this suggestion. We need to update more often on github developer documentation as well.
As for the white paper, we did not have one per se because Function X did not do an ICO. But we will continue to update our white paper and include not only technical details, but also details on the chain and how we can get more developers and users so that the future hardware will be added as a node and you will be rewarded financially, at least through our ecosystem genesis fund. Please stay tuned and there are a lot of things going on in the company. Each and one of us is working hard.
* **Why does the FX ecosystem need a decentralized OS?**
Zac: The mantra of Function X is decentralization and having private control of your data. A full private control of your data comes with a decentralized system not just in transmission of your data, but with the operating system built fully for decentralization , which includes a transmission protocol replacing http. The apps uploaded into Function X will be decentralized as well as the data that is stored on the app, which means that how BitCoin or crypto assets are verified on different nodes will also be part of the way we store data and content.
The decentralized OS is key to fulfilling a decentralized environment for a more private and free usage.
* **What about FX are you most excited about?**
Zac: We are actually creating a shift of how people view of blockchain and how decentralization is not just about transacting commercial commodity, but also data, including your identity, are all decentralized. That is what we are most excited about.
The only way for us to achieve this is to have developer support, for we need the developers to build on the foundation we have to offer those exciting services.
* **We understand that developing a new blockchain is time consuming. As a community we are in a dark space to understand where exactly the development of FX right now.**
Zac: We are working hard on creating the testnet and eventually the mainnet. For the latest updates of Function X, what I can encourage you to do is to go on and subscribe to the Function X telegram group where discussions are made. We have formed the Function X Foundation and created the developer relations team, so that the Function X progress will go smoother and with more partnership from outside, whether it’s developers, third party companies, teleco, etc.
* **When FX goes live on the mainnet, will FX coin be used to stake and earn NPXS? how will staking work on that new mainnet?**
Zac: The NPXS/NPXSXEM staking will last till March 9, 2020 as announced. What we are committed is to create more use cases. For FX tokens, the use cases will be focusing on the Function X Chain and the use cases on Function X that include DApp on Function X and different hardware/software services.
* **When fx testnet will be available?**
Zac: First I would like to thank you for your constant support. In Q3, we plan to open Function X testnet so that we will be migrating and creating certain use cases that can be used on Function X testnet, starting with our own XWallet. Which means, the XWallet will migrate some features into Function X testnet, and slowly followed by our other Pundi X products, including XPhones, XPASS, Open Platform and Function X own developer related products from third parties.
submitted by crypt0hodl1 to PundiX [link] [comments]

OKOTC Introduction

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submitted by OKOTC to OKOTC [link] [comments]

Bitcoin as the Ultimate Haven from Hyperinflation: A Country By Country Analysis Of Worldwide Fiat Currency Inflation

Bitcoin as the Ultimate Haven from Hyperinflation: A Country By Country Analysis Of Worldwide Fiat Currency Inflation
https://cryptoiq.co/bitcoin-as-the-ultimate-haven-from-hyperinflation-a-country-by-country-analysis-of-worldwide-fiat-currency-inflation/
Bitcoin was created during the Great Recession that started in 2008, when the governments of the world printed trillions of dollars to bail out banks and corporations. Satoshi Nakamoto intended Bitcoin to be a decentralized form of money that could not be printed by governments at will. In the the Genesis Block Satoshi included the message “The Times 03/Jan/2009 Chancellor on brink of the second bailout for banks.”
Fiat currencies continue to be the dominant form of global currency, but it seems logical that, if fiat currencies were to hyperinflate and collapse, Bitcoin would become the dominant global currency.
This is because Bitcoin can be sent instantly anywhere in the world and is cryptographically secure. It is easy enough to integrate Bitcoin into any e-commerce store or physical store, and the customers of the future will be able to send Bitcoin from their smartphones via QR codes. Therefore, if fiat currency becomes obsolete, Bitcoin could seamlessly take its place and keep the global economy running.
There has been plenty of hype that fiat currencies are collapsing, but this article will explore the current state of major fiat currencies in the world to ascertain the true situation. This is important information since the rate of fiat currency inflation by country is an important factor that will determine Bitcoin adoption rates and ultimately Bitcoin’s price.
United States’ Inflation Rate
The United States is perhaps the best place to start an analysis of global fiat inflation, since the USD is the world’s dominant fiat currency and perhaps the most stable long term. That being said, there is 2-3 percent annual inflation in the United States.
If we split the difference at a 2.5 percent annual inflation rate, it means $100,000 stored in a bank will lose a whopping $22,400 of value over the course of 10 years, corresponding to 22.4 percent inflation per 10 years. Therefore, even in the United States, saving money long term seems impractical, and this essentially forces people to risk their savings by investing in the hopes that the money earned from investing will outpace inflation.
It appears inflation will only worsen in the United States since the national debt is approaching $22 trillion, with a budget deficit of $1 trillion per year and growing. This situation will likely lead to increased money printing, which would increase the inflation rate. Therefore, saving money in USD long term does not make financial sense. Bitcoin is an alternative way to store money long term, although Bitcoin has yet to mature and can be extremely volatile from year to year.
Euro (EUR) Inflation Rate Is 37.5 percent Relative To USD During The Last 10 Years
One of the primary global currencies besides the USD is the Euro (EUR). For the rest of this global analysis, fiat currencies will be compared to the USD exchange rate to determine inflation, but it must be kept in mind that the USD itself is inflating at the rate of 2 to 3 percent per year.
When the EUR launched in 1999, the exchange rate was one USD per 0.85 EUR. By 2002 the EUR weakened to 1.16 EUR per USD. The EUR then entered a period of vigorous strengthening, and the exchange rate fell to 0.64 EUR per USD by 2008. The Great Recession caused the EUR to begin weakening versus the USD long term, and currently each USD is worth 0.88 EUR. This represents 37.5 percent inflation relative to the USD in roughly 10 years.
Back to the storing money in a bank analogy, $100,000 of EUR stored over the past 10 years would have lost the EUR inflation rate + the USD inflation rate. With this sort of inflation rate it seems dangerous to store money in EUR long term.
It gets worse. The EUR is one of the top global fiat currencies, and there are many currencies doing worse than the EUR.
United Kingdom’s Pound Has 65 Percent Inflation Relative to USD in 11 Years
The United Kingdom (UK) is one of nine European Union (EU) countries that does not use the EUR, and eventually, the UK will leave the EU via the Brexit. However, the native Great Britain Pound (GBP) has done far worse than the Euro, with the exchange rate going from 0.48 GBP per USD in 2007 to 0.79 GBP per USD currently. This is 65 percent inflation relative to the USD during the past 11 years.
Canada’s Inflation Rate Is 45.2 Percent Relative to USD During the Last 7 Years
The United States’ neighbor to the north is similar to the United States in many respects. It is a fully developed and industrialized first world country. However the native fiat currency, the Canadian Dollar (CAD), has been experiencing severe inflation since the Great Recession. In 2011 1 USD was worth 0.95 CAD, and now the exchange rate is 1.36 CAD per USD. This represents 43.2 percent inflation relative to the USD since 2011, and of course, the USD has an underlying inflation rate as well of 16.2 percent during the last 7 years.
Even in the first world country of Canada, it is becoming impossible to save cash for retirement or even for short-term goals like buying a house, forcing people to invest in the risky stock market.
Mexico’s Inflation Rate Is 97.6 Percent Relative to the USD During Past 10 Years
Since the 2008 financial crisis, the exchange rate of the Mexican Peso (MXN) has gone from 10.12 MXN per USD to 20 MXN per USD. This represents 97.6 percent inflation relative to the USD, and USD inflation means the true Mexican inflation rate is well over 100 percent per 10 years. This sort of inflation rate ensures that people have to work their entire lives and can never retire, and overall, this sort of inflation can cause the entire economy of Mexico to struggle. Bitcoin seems like an obvious alternative to holding MXN long term.
It is quite shocking that a country bordering the United States has such high inflation, yet the mainstream media never mentions it.
Russia Has 194 Percent Inflation Relative to USD Since the 2008 Great Recession
Russia is a global superpower, with a gross domestic product (GDP) of $1.58 trillion versus the United States’ $19.39 trillion GDP. Despite being a superpower, the native currency of Russia, the Russian Ruble (RUB), has gone from 23.48 RUB per USD in 2008 to 69.08 RUB per USD currently. This yields a 194 percent 10 year inflation rate relative to the USD. Clearly, the Great Recession that started in 2008 is a common point when fiat inflation accelerated in many countries around the world.
Japan’s Inflation Rate Is 46 Percent Relative to USD Over the Past 7 Years
Japan is a first-world country and has one of the most important stock markets in the world. The GDP of Japan is ranked number three in the world at nearly $5 trillion. However, its inflation rate is far higher than the United States, at least since 2011. In 2011, the exchange rate was 76 JPY per USD, but it has now risen to 111 JPY per USD, a 46 percent inflation rate relative to the USD over the past 7 years. This is actually almost exactly the same as Canada’s inflation rate.
China’s Inflation Is Only 14.4 Percent Relative to USD Since 2013, but China Tightly Controls the CNY
China is the second ranking economy in the world with a $12 trillion GDP. Its position as the number one trading partner of the United States gives it power to manipulate the exchange rate of its native currency the Chinese Yuan (CNY). The CNY actually strengthened greatly versus the USD until 2013, when China relaxed its control over the CNY exchange rate to make it more competitive in the global import and export markets. Chinese control over the CNY and therefore, control over the profitability of Chinese imports, is a primary reason for the “trade war” between China and the United States.
Since allowing the CNY to lose value relative to the USD, the exchange rate has gone from 6.04 CNY per USD in 2013 to 6.91 CNY per USD currently, a 14.4 percent inflation relative to the USD in 5 years. China is an outlier and has one of the lowest inflation rates relative to the USD.
Switzerland Has One Of The Lowest Inflation Rates At Less Than 5 percent Relative To The USD In 7 Years
Switzerland has remained independent of the European Union and does not use the EUR. Instead, it uses the Swiss Franc (CHF). The CHF actually strengthened greatly relative to the USD during the Great Recession, but the trend reversed in 2011. There was a rapid devaluation of the CHF relative to the USD from 0.76 CHF per USD to 0.94 CHF per USD during 2011. In The 7 years since then, the CHF has roughly five percent inflation relative to the USD and sits at 0.99 CHF per USD currently.
That being said, it cannot be forgotten that the USD itself is experiencing 2.5 percent inflation per year, so even countries that have low inflation rates relative to the USD have a significant inflation rate overall.
India Has Seen 79 Percent Inflation Relative to USD Since the Great Recession Began
India has the sixth highest GDP in the world at $2.6 trillion, and the second highest population at 1.34 billion. Since the Great Recession began, the Indian Rupee (INR) has gone from 39.18 per USD to 70.14 INR per USD, a 79 percent inflation relative to the USD in 11 years. Unfortunately, India is slowly making Bitcoin more illegal and could fully outlaw it, so citizens may have to break the law in the future in the event that inflation accelerates and Bitcoin becomes a preferred way to store money.
Indonesia Has 76 Percent Inflation Relative to the USD in Seven Years
Indonesia has a population of 265 million, not far behind the United States, but its GDP is 20 times less than the United States at $1 trillion. Part of the reason Indonesia’s economy is weaker may be that the native fiat currency, the Indonesian Rupiah (IDR) has gone from 8,250 per USD in 2011 to 14,550 IDR per USD currently. This is 76 percent inflation relative to the USD in 7 years, around the same rate as India. However, Indonesia has banned Bitcoin as of 2018, which would make it difficult for citizens to use Bitcoin in the event inflation spirals out of control.
Brazil Has 152 percent Inflation Relative To USD In Past Seven Years, Despite Being the Strongest Economy In South America
Brazil has the most powerful economy in South America with a $2 trillion GDP. However, South America as a whole is experiencing out of control hyperinflation, and Brazil seems to be feeling the effects. The Brazilian Real (BRL) has gone from 1.55 per USD in 2011 to 3.91 BRL per USD currently. This is 152 percent inflation relative to the USD in 7 years. There does not appear to be any inflation safe haven in South America, and this could make South America a Bitcoin adoption hotspot.
Venezuela Has Ridiculous Inflation Around One million percent Per Year; Bolivar Collapsing
The end game of fiat currency inflation, if left unchecked, is currency collapse. A classic example of currency collapse is the situation in Venezuela, where the Cafe Con Leche Index suggests 400,000 percent inflation per year, although if a shorter term average is used it is 1 million percent per year or more. It would be shocking if the native fiat currency of Venezuela, the Sovereign Bolivar (VES), is still usable one year from now. Bitcoin is legal in Venezuela, and there is plenty of news which indicates people are abandoning the VES for Bitcoin.
South Korea Has Zero Inflation Relative to the USD
South Korea is considered a powerful economy relative to most of the world, with a GDP of $1.5 trillion despite the country’s small size. The South Korean Won (SKW) has essentially zero inflation relative to the USD long term aside from an exchange rate shock during the 2008 Great Recession. That being said, inflation is still a reality in South Korea since the USD has average inflation of 2.5 percent per year.
Australia Has 53 Percent Inflation Relative to the USD in Seven Years
Australia essentially has a continent to itself, but it is not isolated from the global fiat inflation crisis. The AUD actually strengthened massively versus the USD from 2001 to 2011. However, the trend reversed, and the exchange rate has gone from 0.93 AUD per USD in 2011 to 1.42 AUD per USD currently. This is 53 percent inflation relative to the USD in seven years.
Israel Has Zero Inflation Relative To USD Long Term
Israel is in the Middle East but does not have strong connections to the economy of the rest of the Middle East and, apparently, a different monetary policy than most of the rest of the world. Israel is only comparable to the United States, South Korea, and perhaps Switzerland when it comes to fiat currency since the Israeli New Shekel (ILS) has practically zero inflation relative to the USD long term although there are shorter term oscillations. Like the other countries listed with zero USD relative inflation, inflation still exists because the USD itself is inflating.
In total, there are 180 fiat currencies in the world, and here, we’re covering just 16 of them. We could keep going, but the trend is already clear. Even in major countries with powerful economies, inflation has become a serious issue, with some major countries experiencing 50-200 percent inflation relative to the USD over the past decade, and those numbers don’t even take in the 2.5 percent per year USD inflation underlying them.
It is possible that worldwide fiat inflation will accelerate due to the growing global debt crisis. That’s especially true if an economic recession occurs since that would force a rapid increase in money printing.
So we’re in a global situation that needs to be actively monitored. Even if the status quo is maintained long term, most of the world’s population cannot realistically save money for the future because it’s going to lose value over time. This is a major shift from our parents’ generation when saving money was the smart thing to do.
The good news is Bitcoin is waiting on the sidelines. It’s ready to become the global currency if fiat currency collapses worldwide. Even if fiat does not totally collapse, perhaps once Bitcoin matures and becomes more stable, it will be a good option for saving money long term since its value is independent of fiat inflation.
submitted by turtlecane to Bitcoin [link] [comments]

RTI Response from "PMO India" on who will compensate for aadhaar bio-metrics theft, misuse, authentication failure

Dear Redditors,
I have emailed [email protected], banks, supreme court, media, etc. repeatedly asking them when my fingerprint gets stolen, printed in transparency, used to clean bank a/c via aadhaar pay, which agency (UIDAI, NPCI, Government of India, Bank) is liable to pay me compensation. I did not get any response from anyone.
So I filed RTI to "PMO India" after UIDAI refused to provide any information via RTI.
Check the response from the "Anti Corruption" messiah.
https://imgur.com/a/3gX8o Jai Hind.
EDIT 0: RTI Questions:
If my aadhaar number or bio-metrics(2d/3d printed fingerprint) gets misused and causes me financial loss, which organization UIDAI, Bank, NPCI, PMO , "Finance Ministry", etc. will compensate me?
If my aadhaar authentication fails in an website and website does not bother to resolve the authentication issue within reasonable time frame and it causes me immense mental harassment, financial loss, which organization will compensate me?
If no one is responsible for compensating me for aadhaar misuse, bio-metrics theft, authentication failure, what moral authority have you got to shove aadhaar down billion Indian's throat.
EDIT 1: Summary of response is "This is not a question which needs an answer"!
I have already filed first appeal, complained via http://dsscic.nic.in/online-complaint-application/onlinecomplaintapplication nothing happened, how can a person (working for corrupt corporate) remove corruption, he can at most torture common people and opposition in the name of "removing corruption".
EDIT 2: WTF link aadhaar to bank account knowing very well, when bank account gets looted using "stolen fingerprint" via aadhaar pay - UIDAI will not even file an FIR on behalf of YOU, JioCare leaked aadhaar e-KYC details for 120 million Indians, nothing happened to them, not even an FIR was filed!
EDIT 3: Convert your bank balance into bitcoin and other crypto-currencies, linking aadhaar with bank will collapse Indian economy, bitcoin is widely accepted, if million Indians shift to bitcoin and start promoting it, we should be able to live with bitcoin for a long time, till aadhaar is thrown out in dustbin. Jai Hind. If you think I am bitcoin salesman, suggest a better alternative to get rid of aadhaar babajis arun jaitley, narendra modi, ravi shankar prasad ka maafi
EDIT 4: To all RTI activists in this post, I have filed many RTIs on other subjects, got proper response, in some cases they even accepted that to cater to my question, law needs to be changed and they have forwarded it to appropriate authority for consideration.
EDIT 5: Your bank is responsible for credit card, debit card theft, call them within 24 hours of the theft, they will block card, issue replacement card with different PIN. HTF will you block aadhaar card and fingerprint? Stolen fingerprint can be used to unlock your bio-metrics at an aadhaar enrollment center, stolen fingerprint can also be used to change your mobile number in aadhaar database, Jai Hind.
EDIT 6: When your bank account gets looted via aadhaar pay, you will call 1947, wait for 3 hours to get connected, the call center folks will simply ask you to visit aadhaar enrollment center, waiting list being 3 months, you will bribe 1000 INR and get an appointment with aadhaar enrollment center to resolve aadhaar misuse, they will ask you to email [email protected], you will send 10 emails in 10 days and then get a generic mail, asking you to specify all your details including preferred condom brand, etc, you will respond with all details, you will follow up for 3 more days, then you will get a generic FINAL response, "Please lock your bio-metrics in UIDAI website, Jai Hind!", after that even if you send 100 emails you will NOT get any response. You lock your bio-metrics, the criminal go to an aadhaar enrollment center and unlock your bio-metrics using stolen fingerprint and keep on looting your hard earned money.
https://www.reddit.com/india/comments/6zr2l4/locking_your_biometrics_does_not_protect_you_from/
submitted by aadhaarfail to india [link] [comments]

India & Crypto - Misunderstood and Misguided

I get it. It is difficult to regulate crypto, or even want to regulate crypto, for the following reasons:
  1. Tax evasion
  2. Money laundering
  3. Retail investors’ economic interest
  4. Cannot track where INR goes, disrupts monetary policy
  5. I don’t think it will survive, so why bother.
  6. It’s a scam and just a way to fast money
  7. Media tells me it is used just for terror financing and drugs
  8. Only millennials care about it, like a fad.
Points 1-4 are genuine issues, especially within India. Points 5-8 are more subjective. Let us dive deeper into these issues.
  1. Tax evasion: Let’s start off by quoting the benchmark here - Under 5% of Indians pay tax today, and most of these are at source. This will not change. Taxing crypto is not difficult, as most countries are figuring out. In fact, imagine the amount of tax revenues that you can get from investors and corporates?
  2. Money laundering: India is still a cash rich society, even after demonetisation. Cash to crypto is a real problem, and from anecdotal remarks apparently many Indian crypto institutions have been guilty on this front. However, preventing cash from getting into crypto is frankly not crypto’s problem. It is a regulatory and judicial problem. Globally, crypto is a speck within the dust storm that is fiat, in this department.
  3. Retail investors’ economic interest: Let’s again begin with the benchmark - Indians can today invest entire disposable incomes into equity. Technically equity can also result in huge losses. However I don’t disagree crypto is much more risky, at least for the moment. So government can restrict (not a fan, but maybe a compromise) what percentage of disposable income people can invest into crypto.
  4. Tracking INR: Indian rupee is not freely transferable like USD, EUR, GBP. There are limits on how much people can send out of the country and there has to be a clear rationale. Now, crypto is decentralised (at least bitcoin, mostly) and one can digitally transfer it anywhere in the world. INR -> crypto -> outside India. However, this is still a regulatory issue, not a crypto issue. The government can clearly track crypto and its users - how else did 50k people in India get tax notices in 2017-18?
So, net-net the real objective issues around crypto can be easily addressed and just requires understanding of the technology, regulation, and judicial scrutiny. Let’s draw up a regulatory and licensing framework and let people operate within that, and impose strict judicial process against offenders.
Points 5-8, as I mentioned above, are subjective. How do you know crypto is here to stay, it’s not a scam, and the media narrative? It just feels like quick money and a millennial fad.
Crypto is ALL about adoption. Supply-demand dictates its price. There is no asset backing it. It will succeed if enough number of people believe in it. In other words, India should ask: what are other countries, corporates, investors, societies doing?
I can go on and on, but I think this clearly shows that adoption is truly gathering pace, which implies more and more people are believing in it, and the Indian media narrative is completely lopsided and just wrong.
In the last year, since I quit my investment banking job, I have been to SFO, NY, UK, Switzerland, China, South Korea, Singapore, Malta etc and the sense is overwhelmingly positive! While there are issues that need to be resolved, no one has denied their citizens the right to invest in crypto (with or without regulations). Except China, where the ban has not stopped the trading going underground and OTC.
The CEOs of Google, Microsoft, Nokia, MasterCard, Adobe are all Indian. These were some of the best companies to come out of the internet age that we did not capitalise upon. We now potentially stand at the cusp of the next such age of digital assets.
We can still make this happen before it is too late.
India - please wake up.
The author is a graduate from IIT Guwahati and IIM Calcutta, and was an investment banker at Morgan Stanley London for 10 years. He is currently the Founder & CEO of XDAT, a compliant EU cryptocurrency exchange.
submitted by PrashXDAT to u/PrashXDAT [link] [comments]

Indian Financial Sector

The Government may infuse around Rs 40,000 crore into PSBs in 2019-20 as it looks to strengthen their balance sheets to enable them to step up lending. An announcement to this effect is expected in the Budget on July 5. A senior government official told that a plan is being firmed up to help banks expand credit offtake further. -Economic Times
As the Government gets down to prepare its first Budget, North Block, which houses the Finance Ministry here, will be in ‘quarantine’ from Monday until the presentation of the Budget on July 5. The Ministry will be out of bounds for visitors and media as it gets down to prepare the Budget for 2019-20 fiscal year. -Business Line
The RBI modified the guidelines on large exposures for banks with a view to reduce concentration of risk and align them with the global norms. The modified 'Large Exposures Framework' (LEF) provides exclusion of entities connected with the sovereign from definition of group of connected counter-parties. As per the revised norms, the sum of all the exposure values of a bank to a single counter-party must not be higher than 20% of the bank's available eligible capital base at all times. In exceptional cases, board of banks may allow an additional 5% exposure of the bank's available eligible capital base. In case of groups of connected counter-parties, the sum of all the exposure values of a bank to a group of connected counter-parties must not be higher than 25% of the bank's available eligible capital base at all times, the revised LEF said. -Moneycontrol.com
The Supreme Court today allowed Serious Fraud Investigation Officer to reopen and recast the accounts of IL&FS, IFIN abd IL&FS Transportation Networks Limited (ITNL) of the past 5 years. The order by the top court came on a plea moved by the Ministry of Corporate Affairs, which had sought to examine the books of the Co between FY 2012-13 and 2017-18. -Business Standard
ICICI Bank today launched a center in Bengaluru to provide business solutions exclusively to start-ups and MSME sector, all under one roof. -Business Line
The SBI has targeted to grow 10-12 per cent in the current financial year, on the back of green shoots of revival in credit demand and better recoveries of loans. -Economic Times
Axis Bank promoted Axis Trustee Services LTD has become the first trustee to start operations at Gujarat International Financial Tec-City (GIFT) City's International Financial Services Centre (IFSC). -Business Standard
Fitch Ratings has downgraded the ratings of ICICI Bank and Axis Bank due to ‘challenges’ faced by them and lowering of India’s operating environment. It has downgraded ICICI Bank’s Long-Term Issuer Default Rating (IDR) to ‘BB+’ from ‘BBB-’ and its Viability Rating to ‘bb+’ from ‘bbb-’. The outlook on the IDR is Stable. Fitch has also affirmed ICICI Bank’s Support Rating at 3 and Support Rating Floor at ‘BB+’, it said in a statement late. -Business Line
Having initiated a crackdown on a suspected coterie of fraudsters in the IL&FS case, the government's financial fraud probe agency SFIO has recommended necessary action against the guilty auditors and also a detailed internal investigation by the RBI to identify reasons for the delay in detecting the lapses. -Economic Times
The RBI has banned audit firm Batliboi & Co. LLP to conduct audit of commercial bank for one year starting April 1, 2019, due to lapses. -The Hindu
Bitcoin fell back below the $8,000 level for the first time in more than a week to halt its most recent rally, leading a wider retreat among cryptocurrencies. -Business Line
The Delhi High Court has imposed Rs 10 lakh cost on online insurance aggregator, Policybazaar, for concealing facts to obtain an ex-parte injunction in a trademark infringement case filed by it against an insurance Co. -Economic Times
USD/INR 69.26 SENSEX 40083.54 (-184.08) NIFTY50 12021.65 (-66.90)
 -#040619 
submitted by venuangamaly to indianews [link] [comments]

Localbitcoins Volume Analysis Shows Countries Where Fiat is Hyperinflationary, Bitcoin Gaining Traction

Localbitcoins Volume Analysis Shows Countries Where Fiat is Hyperinflationary, Bitcoin Gaining Traction

https://preview.redd.it/56tmi00dnn621.png?width=690&format=png&auto=webp&s=491b244f26c753ded60486a31f532c434bd1587f
https://cryptoiq.co/localbitcoins-volume-analysis-shows-countries-where-fiat-is-hyperinflationary-bitcoin-gaining-traction/
Localbitcoins is the longest running and most popular peer to peer Bitcoin exchange in the world, with trading volume increasing from less than $100,000 per week in 2012 to over $50 million per week currently.
On Localbitcoins, buyers and sellers complete deals directly with each other, using the full spectrum of fiat payment methods, ranging from bank transfers to gift cards.
Here, we’ll discuss countries with rapidly increasing Localbitcoins trading volume. These are usually countries undergoing a fiat inflation crisis or countries which have enacted severe regulations on Bitcoin trading leaving peer to peer trading as the only option.
It is good to first look at Localbitcoins trading volume in the United States before identifying countries without of the ordinary volume trends. Bitcoin is legal in the United States, and the United States perhaps has the lowest fiat inflation rate in the world at 2-3 percent since the USD is the underpinning of the global fiat currency system. The trading volume on Localbitcoins in the United States gradually increased to $10 million per week during the peak of the December 2017 Bitcoin rally and has since then leveled off to $6 million per week.
Countries with relatively stable fiat currencies follow this trend of an all-time volume high during the peak of the 2017 Bitcoin rally, followed by a gradual decline during the 2018 bear market. This includes Australia, Canada, the European Union, Hong Kong, Malaysia, New Zealand, Singapore, Switzerland, and the United Kingdom.
South America Seeing Rapid Increase in Peer to Peer Bitcoin Trading
South American countries that where people use Localbitcoins are seeing rapidly increasing volume throughout 2018 despite the bear market, and this appears to be due to a continent-wide fiat inflation crisis.
In Argentina, Localbitcoins trading volume has rallied from ARS 1 million to ARS 9 million since the beginning of 2017. The Argentinian Peso (ARS) has simultaneously experienced 140 percent inflation relative to the USD. The hyperinflation of the ARS itself does not yield the 9X increase in Localbitcoins trading volume, so clearly, the actual amount of peer to peer Bitcoin trading in Argentina is also rapidly increasing thanks to fiat hyperinflation.
Venezuela is experiencing the most well-known hyperinflation crisis in the world right now, with the inflation rate in excess of 400,000 percent according to the Cafe Con Leche Index, and a total collapse of the Sovereign Bolivar (VES) seeming imminent.
Localbitcoins trading volume in Venezuela is exponentially increasing, from VES 8,000 at the beginning of 2017 to VES 3.8 billion currently. It is likely that a large part of this volume rally can be explained by cryptocurrency adoption proliferating across Venezuela, as its citizens move their money into cryptocurrency in order to protect themselves against catastrophic hyperinflationary conditions. The Localbitcoins trading volume in Venezuela in terms of Bitcoin confirms this, with volume increasing from 274 Bitcoins at the beginning of 2017 to 1,743 Bitcoins currently.
Chile is also seeing a steady rise in Localbitcoins trading volume in terms of the native fiat currency the Chilean Peso (CLP). During the peak of the 2017 Bitcoin rally volume reached CLP 213 million per week, and in November 2018 trading volume was as high as CLP 243 million. Since April 2018 the CLP has had 19 percent inflation relative to the USD. In 2016 and 2017, the CLP was actually strengthening relative to the USD, so the inflation trend in Chile is relatively new.
Colombia has seen Localbitcoins trading volume rapidly increase from COP 230 million at the beginning of 2017 to COP 8.13 billion per week in November 2018. Simultaneously, there has been 13 percent inflation of the Colombian Peso (COP) relative to the USD since the beginning of 2017.
Actual Bitcoin volume has surged from less than 100 Bitcoins per week at the beginning of 2018 to more than 650 currently. Since Colombia is the next-door neighbor of Venezuela, perhaps this surge in Localbitcoins volume has something to do with Venezuelans obtaining the Bitcoins they need in Colombia.
In Peru, Localbitcoins weekly trading volume has steadily increased from PEN 60,000 at the beginning of 2017 to as high as PEN 3.145 million in November 2018. Simultaneously, Bitcoin volume has surged from less than 20 Bitcoins per week to 236 Bitcoins. The Peruvian Sol (PEN) has seen 10 percent inflation relative to the USD during 2018.
Overall, it is clear that fiat inflation in South America is not confined to Venezuela. Argentina, Chile, Colombia, and Peru are also experiencing fiat inflation and a major uptick in Bitcoin adoption. Thanks to this, it appears that South America will be a hotspot for cryptocurrency adoption in the coming years.
India Peer to Peer Bitcoin Trading Surges Due to Ban of Centralized Exchanges
The Indian Rupee (INR) has had 11 percent inflation relative to the USD since the beginning of 2018. The bigger story in India regarding Bitcoin is that the Reserve Bank of India has banned the use of bank accounts for Bitcoin activity, which has effectively banned centralized Bitcoin exchanges. This has caused a steady increase in peer to peer Bitcoin trading on Localbitcoins, which is still legal, from INR 48 million per week in May 2018 to as high as INR 122 million during November. There is some speculation that India will make Bitcoin completely illegal like its neighbor Pakistan.
Iran Sanctions Cause Peer to Peer Bitcoin Trading to Spike
Crippling international sanctions on Iran were announced in September 2018 and implemented by November in response to Iran breaking its nuclear treaty. The Iranian Rial (IRR) experienced 430 percent inflation relative to the USD, going from IRR 36,000 per USD at the beginning of 2018 to IRR 190,000 per USD by September. However, the Supreme Leader Ayatollah Ali Khamenei ordered that everything must be done to strengthen the IRR, and the free market ended at that point. Currency traders have been executed, making the living ones scared to bid the IRR lower, and Bitcoin has been made illegal to prevent outflows of capital. Localbitcoins trading volume spiked during the September 2018 hyperinflation crisis but is currently falling quickly due to the risks associated with trading Bitcoin in Iran.
Russia and Kazakhstan Have Rising Bitcoin Trading as Fiats Experience Inflation
Russia certainly had a trading volume spike on Localbitcoins during the peak of the 2017 Bitcoin rally, but in general, volume is consistently rising from Russian Ruble (RUB) 750 million per week in April 2018 to RUB 1 billion per week currently. This coincides with 21 percent inflation of the RUB relative to the USD during the same period of time.
Russia’s neighbor to the south, and former part of the Union of Soviet Socialist Republics, Kazakhstan, is also seeing consistently high Localbitcoins trading volume during 2018. The Kazakhstani Tenge (KZT) has seen 17 percent inflation since April 2018 relative to the USD.
Localbitcoins trading volume data shows that peer to peer Bitcoin trading is increasing worldwide in several countries even during the 2018 Bitcoin bear market, and this is often associated with fiat hyperinflation.
In general, it is thought that if hyperinflation were to become a problem in the United States and the European Union, Bitcoin would have a chance to become the primary global currency. The hyperinflation crisis being observed in several countries worldwide provides a glimpse of what the transition from fiat to Bitcoin may look like. In some countries there is a ‘smooth’ transition, with Bitcoin volume rising as fiat collapses, while other countries experience a rough transition in which Bitcoin is made illegal, making it hard to measure Bitcoin adoption on the ground.
submitted by turtlecane to CryptoCurrency [link] [comments]

India is doing a reverse South Korea and its not looking good

With the amount of positive news coming out of South Korea, where the government and banking bodies are taking sensible and pragmatic decisions, I would like to discuss the scenario in India where the scenario is fast heading in the opposite direction.
Every single body in power, from the legislature to the bureaucracy and banking, seem to have an extremely negative and ill-informed sentiment about cryptocurrency in general. Various instances could be cited pointing in this direction, I am listing a few here, most from Times of India, which is the largest newspaper and news agency of the nation -
Bitcoin (and cryptocurrency in general) directly being likened to Ponzi schemes : https://timesofindia.indiatimes.com/business/india-business/bitcoins-like-ponzi-schemes-govt/articleshow/62301143.cms
The government sends tax notices to individuals ( to be taxed even when they haven't withdrawn their gains to fiat) : https://timesofindia.indiatimes.com/business/india-business/government-sends-tax-notices-to-cryptocurrency-investors-as-trading-hits-3-5-billion/articleshow/62570352.cms
Cryptocurrency is not legal tender: https://timesofindia.indiatimes.com/business/india-business/cryptocurrencies-like-bitcoin-not-legal-lawful-tender-arun-jaitley/articleshow/62340122.cms
The Reserve Bank of India (the country's central bank) keeps on warning people about investing in cryptos: https://timesofindia.indiatimes.com/business/india-business/rbi-reiterates-warnings-about-trading-in-bitcoins/articleshow/61936176.cms
Apparently trading is illegal : https://timesofindia.indiatimes.com/business/india-business/trading-in-bitcoin-ethereum-other-cryptocurrencies-illegal-says-arun-jaitley/articleshow/62339092.cms
Banks are freezing accounts of exchanges : https://timesofindia.indiatimes.com/business/india-business/lenders-freeze-accounts-of-bitcoin-exchanges/articleshow/62610793.cms
Even a neutral-positive report submitted by a committee is spun into a Media FUD : https://timesofindia.indiatimes.com/business/india-business/panel-examining-bitcoin-other-cryptocurrencies-submits-report/articleshow/62462107.cms
And finally, Registrar of Companies are not allowing crypto based companies to be registered: http://www.moneycontrol.com/news/business/cryptocurrency/noose-on-cryptocurrency-exchanges-tightens-as-roc-stops-registration-2488799.html
Other News outlets: https://www.ndtv.com/business/crackdown-against-bitcoins-ten-things-to-know-1796144
https://www.businessinsider.com.au/bitcoin-investors-accounts-frozen-big-four-banks-2017-12
https://www.finallyjobless.com/indian-crypto-exchanges-stop-instant-deposits-withdrawals-in
This is why the nation can never ride the wave towards growth and be early adopters of world-changing tools/tech/ideas. I am not spreading FUD: I believe in the blockchain and its successors and have no intention to scare people out of cryptocurrency. But it is extremely agitating/saddening to watch the largest democracy in the world with the second largest population take steps towards the dark ages.
submitted by ubiquitous_raven to CryptoCurrency [link] [comments]

Indian Financial Sector

The Ministry of Corporate Affairs is expected to move court for freezing the bank accounts and properties of some of the past directors of IL&FS group.The ministry would soon apply before the NCLT to widen the net in the IL&FS probe, said persons familiar with the matter. -Economic Times
Communication will continue to remain a key tool in the RBI’s arsenal to manage financial stability, governor Shaktikanta Das said. “From the perspective of the RBI, we will continue to focus on effective communication and coordination with all stakeholders to achieve broader macroeconomic objectives of price stability, growth and financial stability,” Governor Das said. -Business Standard
India is considering selling controlling stakes in some of the smaller PSBs in a bid to raise funds to boost spending on programs for the poor, people with knowledge of the matter said. The details are still being worked out and, if approved, it could be included in the budget to be unveiled on July 5, the people said. -Business Line
Private sector banks are offering higher rates on deposits compared with their public sector peers that traditionally have a higher share of domestic savings. The weighted average deposit rate for private lenders is 51 basis points higher than stateowned lenders with the differential hitting a six-year high. This implies that the competition to garner deposits is likely to heat up further for state-run banks, which may be sluggish in passing on rate-cut benefits. -Economic Times
ICICI Bank today approached the NCLAT, seeking a direction to expedite the hearing on its insolvency petition against Jaypee group firm Jaiprakash Associates Ltd. -Economic Times
Lenders to Jet Airways today decided to drag the airline to NCLT after failing to find an investor. A meeting of lenders was held to consider the way forward in respect of Jet Airways. Lenders led by SBI have been taking efforts to find a resolution for Jet Airways outside the IBC. -Business Line
Yes Bank plans to raise $1.2 billion over 18 months to bolster its capital buffer through a mix of public and private share sales, CEO Ravneet Gill said. -Livemint
Canara Bank is raising Rs 6,000 crore through a qualified institutional placement (QIP) and has invited bids to hire 5 merchant bankers for the process. Canara Bank's equity capital as on 31 March 2019 was Rs 753.24 crore, of which the government held 70.62% and the public held the balance 29.38%. -Moneycontrol.com
Fitch today lowered India’s growth forecast to 6.6% for the current fiscal from 6.8% projected earlier, as manufacturing and agriculture sectors showed signs of slowing down over the past year. In its latest Global Economic Outlook, the global rating agency retained its GDP growth forecast for the next fiscal (2020-21) at 7.1% and 7.0% for 2021-22. -Business Line
The Asian Development Bank (ADB) has approved a project worth Rs 1,650 crore to develop infrastructure in 7 district headquarter towns of Tripura, a senior official has said. -Business Line
Facebook is set, on Tuesday, to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the endorsement of Governments and financial giants. The FB is expected to outline details of a virtual currency launching next year that it hopes will avoid the rollercoaster volatility of “blockchain” technologies such as bitcoin. -Business Line
According to the Randstad Employer Brand Research 2019, released today, Amazon India is the most attractive employer brand in the country followed by Microsoft India and Sony India. Others in top 10 include Mercedes-Benz at 4th position, IBM (5th), Larsen & Toubro (6th), Nestle (7th), Infosys (8th), Samsung (9th) and Dell (10th). -Economic Times
Restructuring of the $ 216-million loan given by the World Bank for Phase II of the WB-funded Kerala State Transport Project (KSTP) has been expedited to make available $ 45 million for the upgrade of 300 km of road damaged in last year’s floods. The World Bank has agreed in principle to restructure the loan to make available $ 19 million to the Local Self-Government Department, $ 23 million to the Public Works Department and $3 million as technical assistance. -The Hindu
USD/INR 69.89
SENSEX 38960.79(-491.28)
NIFTY50 11672.15(-151.15)
 -#170619 
submitted by venuangamaly to indianews [link] [comments]

Indian Financial Sector

Narendra Modi's new cabinet will have Nirmala Sitharaman as the Finance Minister. She will also be the Minister for Corporate Affairs. Sitharaman was holding the defence portfolio in the earlier Government. Anurag Thakur is appointed as the Minister of State for Finance and Corporate Affairs. -Business Line
Bank of Baroda is planning to pool the common performing corporate assets and large NPA of erstwhile Dena Bank and Vijaya Bank into its corporate financial services branches and stressed asset branches, Shanti Lal Jain, Executive Director, BoB, said. -Business Line
Nirav Modi applied for bail in the UK High Court. The Crown Prosecution Service (CPS) said that the hearing for his bail petition will take place on June 11. -Business Line
The CBI told the Supreme Court today that it is ready to take over the investigation into the multi-crore bitcoin Ponzi scheme in which several investors were allegedly lured on the promise of handsome returns. -Business Line
India lost its spot as the fastest growing major economy to China, clocking a disappointing 5.8% in the Jan-March quarter as a chill in domestic and global consumer demand hit manufacturers and service providers. The sub-6% growth of Q4 is the slowest in five years. The economy had grown 6.6% in the third quarter, 7.1% in second and 8.2% in the first quarter. -Economic Times
The Government today said joblessness in the country was 6.1% of total labour force during 2017-18, the highest in 45 years. The data released by the labour ministry on a day when new Cabinet took charge, showed 7.8% of all employable urban youth being jobless, while the percentage for the rural was 5.3%. -Business Line
The fiscal deficit for 2018-19 came in at 3.39% of GDP, marginally lower than 3.4% estimated in the revised estimates of the Budget, mainly due to increase in non-tax revenue and lower expenditure. In absolute terms, fiscal deficit at the end of March 31, 2019, stood at Rs 6.45 lakh crore as against Rs 6.34 lakh crore in the revised estimates of Budget, as per data released by Controller General of Accounts (CGA). -Business Line
Paytm, the largest digital payments Co in India, said it was processing more than 400 million transactions every month. Paytm also claimed it was 5 times bigger than its closest competitor. It has seen threefold growth in the number of transactions over the last one year, Paytm told. -Economic Times
USD/INR 69.69 SENSEX 39714.20(-117.77) NIFTY50 11922.80(-23.10)
 -#310519 
submitted by venuangamaly to indianews [link] [comments]

Peer-to-peer crypto marketplace Paxful is working with blockchain firm The White Company to provide stability, transparency, and liquidity in the crypto market.

Peer-to-peer crypto marketplace Paxful is working with blockchain firm The White Company to provide stability, transparency, and liquidity in the crypto market.

![img](mxx227o2ya631 "The companies have partnered to deliver the benefits of global payments to emerging markets, allowing Paxful customers to exchange their bitcoin into Visa or Mastercard prepaid cards in 10 fiat currencies (#USD, #GBP, #EUR, #INR, #AUD, #CAD, #JPY, #HKD, #CNY, #BRL). ")
The two entities hope to provide an alternative to those with limited banking options in emerging markets such as #Africa, #Southeast #Asia or #South_America.
According to Paxful, the #partnership will make the company the first marketplace to offer its customers the ability to cash out into prepaid cards in multiple currencies.
Read more: https://blocktribune.com/paxful-the-white-company-join-forces-to-allow-customers-to-exchange-bitcoin-into-prepaid-debit-cards/
submitted by heris65 to WhiteStandard [link] [comments]

Can Indians store bitcoins? Which is the best wallet to store bitcoins as an Indian? (Please read full post)

Hi, So I just earned some bitcoins and I was wondering if it is legal for an Indian to store bitcoins after last year's RBI notifications. If it is then which wallet are you using? Will I have to pay for the wallet service, and how can I convert it into any currency like USD or INR (like through PayPal or something).
Also, I just to avoid super interesting questions and suspicions, I earned those bitcoins through this software called CryptoTab which is essentially your regular chrome browser other than the fact that it mines bitcoins using my computer's processing skills while I am online. In my few days time with it and the research before that, I think it is quite safe and definitely legit because when it is mining bitcoins, CPU usage goes as high as 90% but it doesn't slow down my pc either. It just slows down the mining process by reducing the CPU usage to about 30-40% when it detects some other program requires to use the CPU. I can even set the mining speed depending on how much I want it consume of my CPU power. You can get this browser too and start mining bitcoins today :- https://get.cryptobrowser.site/5157331 . It is supported on both Windows and MacOS. Also, the minimum withdrawal amount is really really low, as low as what you can mine in 1 hour.
submitted by theApurvaGaurav to india [link] [comments]

All my savings in Cash, just learned of FIRE and want to start investing.

I just backed off from investing everything in a house + going into debt for 6-10 years . Thanks to reddit
https://www.reddit.com/india/comments/aso15w/nri_returning_to_india_chennai_looking_to_invest/
Just saw FIREIndia and now I am shocked that I have saved up all my money in a checking account and probably wasted 5 years of growth. Please help me kickstart FIREIndia in 15 years (46 yrs)
Sorry about the length of this post.

Profile-----------

Some info I have collected:
----------------------------------------

My Plan:
-------------
Questions
-----------------

I know I should read more but the more I read the more branching of terms and more options and more terminologies and I got overwhelmed.
Hoping to get some kick starter advice for a beginner. I am afraid I lost money last 5 years and feeling bad about it.

submitted by chennaiindian to FIREIndia [link] [comments]

Blockchain In Agriculture

Blockchain Technology is the latest buzzword in many business sectors today, and agriculture is no exception. A transparent and secure digital ledger system that allows two parties to conduct a transaction without the need for a trusted intermediary, blockchain captured headlines as the digital backbone of the cryptocurrency Bitcoin.
In just a few months it has gained further attention as businesses explore ways to leverage blockchain technology to save money, improve transparency and reduce human error.
As technology pundits speculate on how blockchain will be a game-changer, business leaders are looking for ways to tap into the technology.
5 Potential Uses of Blockchain in Agriculture
Needless to say, one of the most logical applications of blockchain technology is in agriculture which is plagued with a few challenges. With increasing consumer consciousness towards food safety, blockchain application can play a significant role in taking care of numerous agriculture-related issues.
Food Safety
Consumers today have grown quite suspicious about the food they are consuming. Food fraud costs an estimated $30-40 billion per anum globally. Moreover, food allergies are much more common now as compared to 25 years ago. This has resulted in the increasing demand for information related to the food people are consuming.
Since this trend continues to rise, big food chains won’t have any choice but to use blockchain technology to ensure accountability, traceability as well as the quality of the food. Blockchain will act as a competitive edge for the brands competing in the competitive FMCG space.
Food Supply Chain
In most of the developing countries, food supply chains are inefficient owing to the information asymmetry. This results in low farmer income since farmers don’t get their due share, even though they are the most significant part of the chain. With blockchain technology, the food supply chain gets simplified as the data management across a complex network including, consumers, regulators, retailers, processors, distributors, brokers, and farmers get simplified as well as transparent.
Enhanced data sharing too can be helpful in reducing the $1 trillion problems of food waste. Farmers and all the members of the supply chain can have access to all the information throughout the chain. It will make the whole supply chain democratic as well as more efficient resulting in lesser food wastage and higher remuneration being paid to the stakeholder including the greater amount of the total value.
Agri Inputs
Farmers are usually unaware of the inputs whether they are authentic or not. Local level retailers are selling duplicate products to the farmers with an aim to enhance their profit margins. Sometimes, even the retailers are not aware whether the products are authentic or not. Big agriculture-input players lose thousands of millions of dollars due to pilferage which impacts their brand image too.
Here comes the blockchain technology! The application of blockchain will solve this problem with increasing traceability of every product sold, from the manufacturer to the end customer. Farmers and retailers can scan the blockchain barcode on the products through their smartphone and know about the authenticity as well as a source of the products they are purchasing.
Land Registration
Land registration for sale and purchase is such a cumbersome process. Even, it is believed that it’s the most susceptible to fraud. Blockchain technology can turn land recordings to more efficient and accessible as the data recorded is open, and bring complete transparency in the system. This will be a huge cost saving for the government as recordkeeping is a labor-intensive process, which is costly. This partnership shows the progression of the Andhra Pradesh government vision for the state. Some states will follow suit once the pilot proves to be successful in AP. Smart Contracting between the farmers and corporate farming firms can result in easier contracting for the leasing of land. Ethereum is an open source blockchain project explicitly built to realize the possibility of smart contracting.
Disbursement of Subsidies
Around the world, the farm sector is completely dependent on government subsidies. For instance, $4.9 Bn (INR 32,000 Cr) were allocated for agriculture-related subsidies to the farmers in India, according to the 2017-18 budget. How much of this sum reaches to the farmers is still unsorted. With the blockchain, the distribution, as well as the delivery of subsidies, can become much transparent resulting in the targeted disbursement of the subsidies plugging duplication in the existing system. Even though, the process is for establishing this network will be complicated since multiple stakeholders would be required to come together.
submitted by madisonwhite048 to u/madisonwhite048 [link] [comments]

Groestlcoin Christmas Release!

Groestlcoin Dec 2018 Christmas Release Update

As per usual the 3 months has been all hand-on-deck, helping to bring further adoption utilities to Groestlcoin. The markets have been red but as always that doesn't stop the show from going on with regards to the development since the last release update on 24th September. Here's a recap of what has happened so far:

Recap:

What’s New Today?

Groestlcoin on Trezor Model T

As of the latest version of the Trezor Model T firmware, Groestlcoin is now officially supported! The Trezor Model T is the next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence. The Trezor Model T now supports over 500 cryptocurrencies.

Blockbook MainNet & TestNet Block Explorer

Blockbook is an open-source Groestlcoin blockchain explorer with complete REST and websocket APIs that can be used for writing web wallets and other apps that need more advanced blockchain queries than provided by groestlcoind RPC.
Blockbook REST API provides you with a convenient, powerful and simple way to read data from the groestlcoin network and with it, build your own services.

Features:

Blockbook is available via https://blockbook.groestlcoin.org/ Testnet: https://blockbook-test.groestlcoin.org/ Source code: https://github.com/Groestlcoin/blockbook

Edge Wallet

Groestlcoin has been added to the Edge wallet for Android and iOS. Edge wallet is secure, private and intuitive. By including support for ShapeShift, Simplex and Changelly, Edge allows you to seamlessly shift between digital currencies, anywhere with an internet connection.

Features:

Android: https://play.google.com/store/apps/details?id=co.edgesecure.app
iOS: https://itunes.apple.com/us/app/edge-bitcoin-wallet/id1344400091?mt=8
Direct Android: https://edge.app/app

CoinID Wallet

We are excited to announce that Groestlcoin has been added to CoinID! With integrated cold and hot wallet support, and a host of other unique wallet features, CoinID can easily become your go-to wallet for storing Groestlcoin. More details can be found here: https://coinid.org/s/groestlcoin-wallet-overview.pdf

Features

Android: https://play.google.com/store/apps/details?id=org.coinid.wallet.grs
iOS: https://itunes.apple.com/us/app/grs-wallet-for-coinid/id1439638550

Groestlcoin Sentinel - Windows Released

Groestlcoin Sentinel is the easiest and fastest way to track balances of your Groestlcoin addresses.
Features
You can download it using the links below.
Download the Windows Wallet (64 bit) here: https://github.com/Groestlcoin/Groestlcoin-Sentinel-Windows/releases/download/1.0/SentinelSetup_x64.msi
Download the Windows Wallet (32 bit) here: https://github.com/Groestlcoin/Groestlcoin-Sentinel-Windows/releases/download/1.0/SentinelSetup_x86.msi
Source code: https://github.com/Groestlcoin/Groestlcoin-Sentinel-Windows/

Groestlcoin BIP39 Tool 0.3.9 Update

The Groestlcoin BIP39 tool is an open-source web tool for converting BIP39 mnemonic codes to addresses and private keys. This enables the greatest security against third-party wallets potentially disappearing – You’ll still have access to your funds thanks to this tool.
What’s New
Download the Groestlcoin BIP39 tool here: https://github.com/Groestlcoin/bip39/archive/master.zip
Source code: https://github.com/groestlcoin/bip39
Or use hosted version: https://groestlcoin.org/bip39/

Electrum-GRS 3.2.3 Update

Electrum-GRS is a lightweight "thin client" Groestlcoin wallet Windows, MacOS and Linux based on a client-server protocol. Its main advantages over the original Groestlcoin client include support for multi-signature wallets and not requiring the download of the entire block chain.
What’s New

Electrum + Android Version 3.2.3:

Android: https://play.google.com/store/apps/details?id=org.groestlcoin.electrumgrs
Windows & OSX: https://github.com/Groestlcoin/electrum-grs/releases/
Linux:
sudo apt-get install python3-setuptools python3-pyqt5 python3-pip python3-dev libssl-dev sudo pip3 install groestlcoin_hash sudo pip3 install https://github.com/Groestlcoin/electrum-grs/releases/download/v3.2.3/Electrum-grs-3.2.3.tar.gz electrum-grs
GitHub Source server: https://github.com/Groestlcoin/electrumx-grs
Github Source server installer: https://github.com/Groestlcoin/electrumx-grs-installer
Github Source client: https://github.com/Groestlcoin/electrum-grs

Groestlcoin ivendPay Integration

ivendPay and Groestlcoin cryptocurrency have announced the start of integration.
IT company ivendPay, the developer of a universal multicurrency payment module for automatic and retail trade, intends to integrate Groestlcoin cryptocurrency — one of the oldest and the most reputable Bitcoin forks into the payment system. Groestlcoin is characterized by instant transactions with almost zero commission and is optimal for mass retail trade where micropayments are mostly used.
According to Sergey Danilov, founder and CEO of ivendPay, Groestlcoin will become the 11th cryptocurrency integrated into the payment module. The first working vending machines for the sale of coffee, snacks and souvenirs, equipped with ivendPay modules, served the visitors of the CryptoEvent RIW exhibition at VDNKh in Moscow and accepted Bitcoin, Go Byte, Dash, Bitcoin Cash, Ethereum, Ethereum Classic, Zcash, Bitcoin Gold, Dogecoin and Emercoin. ivendPay terminals are designed and patented to accept payments in electronic money, cryptocurrencies and cash when connecting the corresponding cash terminal. Payment for the purchase takes a few seconds, the choice of the payment currency occurs at the time of placing the order on the screen, the payment is made by QR-code through the cryptocurrency wallet on the smartphone.
The interest in equipping vending machines with ivendPay terminals has already been shown by the companies of Malaysia and Israel, where first test networks would be installed. ivendPay compiles a waiting list for vending networks interested in buying terminals and searches for an investor to launch industrial production. According to Sergey Danilov, the universal payment terminal ivendPay for the vending machine will cost about $500. The founder of ivendPay has welcomed the appearance of Groestlcoin among integrated cryptocurrencies, as it is another step towards the realization of the basic idea of digital money - free and cross-border access to goods and services for everybody.
submitted by Yokomoko_Saleen to groestlcoin [link] [comments]

HOW TO CONVERT AND withdrawal BITCOIN TO INR How to convert BTC to INR? - తెలుగులో Convert Bitcoin into Inr with Live Proof  How to Transfer Bitcoin into Bank Account with Live Proof How to withdraw bitcoin in INR through Skrill Complete process (Hindi / Urdu) BTC TO INR BANK TRANSFER IN INDIA  CONVERT BITCOIN INTO INR चुटकी में 2019

Bitcoin - Indian Rupee Chart (BTC/INR) Conversion rate for Bitcoin to INR for today is ₹691,830. It has a current circulating supply of 18.4 Million coins and a total volume exchanged of ₹1,620,854,094,736 Conclusion: Converting Bitcoin Into Cash. These are some popular ways of converting your Bitcoins into USD or the respective fiat cash of your country. We will, very soon, be coming up with a list of country-wise options for selling and buying Bitcoins which will make your life easier when exchanging Bitcoins into cash. he CoinDesk Bitcoin Calculator converts bitcoin into any world currency using the Bitcoin Price Index, including USD, GBP, EUR, CNY, JPY, and more. Even when the average bitcoin conversion rate improves, different conversion services offer different conversion rates. For instance, suppose one service offers to convert your bitcoins at a rate of 1 to $5,000 and another offers to turn 1 bitcoin into $5,200. Sell on Indian Bitcoin Exchanges. This is one of the safest and secure ways to sell your Bitcoins and convert them to INR. Once you have your Bitcoins in any of the Indian Bitcoin Exchanges you can instantly Transfer Bitcoin to Indian Bank Account. Here are some of the Indian Bitcoin Exchanges that you can use to convert your Bitcoins to INR.

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HOW TO CONVERT AND withdrawal BITCOIN TO INR

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