Weekly Recap: More Crypto Exchanges Are Developing A “Global Mindset” To Help Speed Up Worldwide Crypto Adoption

Crypto Exchanges
Cryptocurrency Exchange

June 6, 2020

  1. More Crypto Exchanges Are Developing A “Global Mindset” To Help Speed Up Worldwide Crypto Adoption.
  2. A 5 Million Users Pirate Streaming Service, That Uses Crypto For Payment Seized by Europol.
  3. Brave browser CEO Brendan Eich apologizes for the auto affiliated links of cryptocurrency URLs
  4. Start Using Micropayments For Your Next Coca Cola!

More Crypto Exchanges Are Developing A “Global Mindset” To Help Speed Up Worldwide Crypto Adoption

On June 4th, 2020 DigiFinex sat down with Lehavi to discuss the ups of using credit cards as payment for crypto. As we are currently still early stages where most of the world’s money is still in fiat, It is critical to make the introduction easy and fast with the credit card payments as this allows us to immediately bridge the gap between credit card payments and crypto for traders globally. To accelerate the adoption, there is a need to build a fiat gateway to grow our ecosystem and to increase adoption. In recent interviews, the CEO of Binance CZ, Chang Peng Zhao highlighted the importance of Crypto Exchanges for a “global mindset” adoption. 

Source: Digifinex | Image Source: Moose Photos, Pexels

A 5 Million Users Pirate Streaming Service, That Uses Crypto For Payment Seized by Europol.

Notably, that partial happy ending 100 percent relied on the goodwill of the mining pool, as ETH transactions are non-reversible by design.

In February of 2019, someone accidentally paid 2,100 ETH in fees to move .1 ETH. The platform, which came decked out with its very own customer service team, ran a tight ship—earning over €15 million ($17 million) via bank transfers and cryptocurrency. European authorities have seized a bootleg streaming service frequented by over 2 million users.

Coindesk reported at the time that the South Korean blockchain firm behind the error admitted to the mistake, contacted the mining pool that had benefitted, and worked out a deal where the firm got half of the accidentally sent ETH returned.

Accused of pirating over 40,000 movies, documentaries, and TV programs from Netflix, Amazon, and the likes, the criminal operation ran for over five years before being captured by Europol, Bloomberg reports.

Source: Decrypt.co | Image Source: Moose Photos, Pexels

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Brave browser CEO Brendan Eich, apologizes for the auto affiliated links of cryptocurrency URLs

Brave, the open-source browser designed to prioritize privacy by blocking third-party ads and trackers, is currently facing criticism from users for redirecting URLs from cryptocurrency companies to affiliate links that Brave profits from, Decrypt reported.

A Twitter user spotted the redirect when he typed “binance.us” into the Brave search bar, and the browser autocompleted it to Binance Both URLs go to the same page, but the affiliate link at the end can be used to track users and generate income.

Brave co-founder and CEO Brendan Eich tweeted that the company had made a mistake and was correcting it.

Source: Theverge | Image Source: Brave browser

Start Using Micropayments For Your Next Coca Cola!

Start using micropayments to quench your thirst! Aussies are now using bitcoin as payments for coke vending machines!

More than 2,000 vending machines in Australia and New Zealand will let customers buy a Coke with bitcoin. The machines running the bitcoin transactions are owned by Coca-Cola Amatil, a regional bottler and distributor of Coca-Cola products.

Coca-Cola Amatil, the Asia-Pacific bottling giant, has partnered with digital assets platform Centrapay to integrate bitcoin as a payment option from its vending machines across Australia and New Zealand. Transactions are conducted via New Zealand-based Centrapay and Sylo Smart Wallet, which currently has about 250,000 users.

Newcomers can download the Sylo app on their smartphones, add bitcoin to their wallets and scan a QR code to purchase Amatil products. If it goes smoothly, we can roll it out pretty quickly.”

Source: Coindesk | Image Source:


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