Los criptocrímenes son reales y se pagan

Por Moris Beracha.-

Artículo publicado en: http://www.medium.com

Las criptomonedas no son un juego, aunque mucha gente todavía piense que no es dinero de verdad. Pero sí lo es, así como también lo son los crímenes asociados a las criptodivisas. En Montreal, Canadá, un joven de 18 años de edad se enfrenta a cuatro cargos criminales relacionados con una estafa de 50 millones de dólares, informó la revista Infosecurity Magazine.

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Vending machines, the new target for cryptocurrencies

By Moris Beracha.-

There are food and sweet vending machines all over the world. Therefore, this market has become the target of some developers, who are working to enable people to pay for products into vending machines with cryptocurrencies.

It can be highlighted that the energy drinking company “Red Bull” installed the first energy drink machine that only accepts bitcoins (BTC) in 2016, amid the Paralelni Polis congress of hackers in Prague, the Check Republic.

Then, the price of tokens dropped and many companies that planned to develop this type of technology decided to turn a blind eye, until in 2019 they decided to take up said systems.

In this sense, it is important to mention that a Brazilian programmer and hardware hacker created a Coca-Cola vending machine accepting payments in BTC. The machine also accepts Lightning Network (LN) transactions.

According to the TheNextWeb site, “this machine has been assembled by using a water pump, a touchscreen, wood and a Raspberry Pi. The customer has to scan a QR code that appears to be processing a BTC payment”.

Once the payment is received by the machine, it dispenses the Coca-Cola. For a high-speed transaction without adding large amounts of commission payments, creators developed the use of LN.

In the same way, iVendPay startup announced its partnership with GoByte, a well-known cryptocurrency Company.

This meant that at the end of 2018 vending machines were installed in Malaysia and Israel that accepted cryptocurrencies as payment.

“The partnership between iVendpay and GoByte is caused by the high demand for universal services allowing to pay for goods and services with cryptocurrency in everyday life. The choice in favor of GoByte was made due to the peculiarities of this cryptocurrency, designed for instant processing of micropayments with a small commission,” said Sergey Danilov, the founder of Ivendpay.

Thus, Is Latin America ready to install this type of vending machine?

Certainly, the use of cryptocurrency in countries like Colombia, Brazil, Venezuela, Argentina and Chile, is on the rise; therefore, businesses are very likely to target Latin America and we can soon see these types of vending machines that make people’s lives easier.

Article Published in: https://medium.com/@morisberachawuani/vending-machines-the-new-target-for-cryptocurrencies-ee1cdbfba558

CryptoNews – Todo lo que usted quiere saber sobre las criptomonedas en un solo lugar

Why is it important to invest in Stablecoins?

By Moris Beracha.-

Article published in: http://www.medium.com

The high levels of volatility of the most popular cryptocurrencies in the world have led investors to look towards price stable “Stablecoins” or crypto assets.

These are digital assets designed to maintain a stable price, linked to a stable fiduciary currency, or that are related to products or other cryptocurrencies.

The advantages of backed cryptocurrencies are that currencies are stabilized by assets that fluctuate outside the technological realm, that is, the underlying asset is not correlated, reducing financial risk.

The main Stablecoins are:

Tether (USDT) is the best-known example of stablecoins. Originally launched as Realcoin, the project was founded in November 2014 and has two tokens: USDT and EURT, pegged to the dollar and the euro. Both cryptocurrencies are connected to the Bitfinex exchange house.

TrueUSD (TUSD) is another token pegged to the dollar that is part of the TrustToken platform.

Digix Gold (DGX) this crypto asset is backed by physical gold. The project started in 2014 in Singapore, directed by Digix company. They assure that each token is equal to 1 gram of gold approved by 99.99% gold smelting from the refineries of the London Bullion Market Association (LBMA).

Dai (DAI) was developed by the company MakerDAO. The coins began to circulate in December 2017 and are backed by each user’s Ether (ETH) digital assets, held in intelligent contracts, seeking price-parity with $ 1.

BitUSD (BITUSD) was created by Dan Larimer in 2013 and is backed by the BitShares cryptocurrency platform, which also serves as a guarantee for BitCNY and BitGold and other tokens, all called BitAssets.

Basis, (former Basecoin), is a recently launched token that sets its price at $ 1, although the idea is that it can be pegged to a basket of assets, such as the consumer price index (CPI), as the holders use the currency to buy goods and services. Its approach is based on contracting and expanding the cryptocurrency supply, depending on the market movement.

Although most are used in crypto asset exchange houses, many analysts believe that it is a good step to invest in these types of currencies, in order to avoid the ups and downs of traditional cryptocurrencies and of course to avoid to a great extent the tragic consequences that could lead to bankruptcy.