DTube was too buggy today
On today’s episode of The Cryptoverse…
Here are my top 5 crypto news stories of the day including the ability to send and receive crypto using only SMS, a delay in an upgrade to the Ethereum mainnet, a chart of the day and some graphs showing the number of ICOs increasing while the amount of money being invested is decreasing.
Table of Contents:
00:00 - Introduction
00:45 - Pay BitPay with CoinText
05:54 - BitPay Integrates Stablecoins
10:21 - Ethereum Upgrade Delayed
13:01 - 2018 ICO Data
16:41 - Chart Of The Day
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●▬ Sources ▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
CoinText
https://cointext.io
BitPay Integrates Stablecoins
https://blog.bitpay.com/stable-coin-settlement/
Ethereum Upgrade Delayed
https://www.coindesk.com/ethereums-next-blockchain-upgrade-faces-delay-after-testing-failure/
ICOs Up But Investments Down
https://cointelegraph.com/news/september-ico-market-overview-trends-capitalization-localization
The Truth About ICOs In 2019 And Beyond
I love BitPay, I use it for my business. This certainly changes things.
Great show again!! Thanks for bringing attention to the Cointext service. Being from Africa and understanding the technology challenges it faces, this is going to be a awesome entry into the cryptosphere!!
I love this format. Great content. Presentation is short, precise and inspiring. I like your phrases "regarding what you can do with that" or similiar.
Despite the centralized features of the stablecoin options being provided, it is a step in the right direction for more adoption at merchants. Merchants of small and medium business are growing their payment options as they seek more efficiencies. If they experience immediated consideration for good and services instead of waiting for fiat payments from the credit cards networks, demand for cryptocurrencies would increase and lead to further adoption. The important point is that the benefits of the options are demonstrated to shift preferences in the future.
People now are more educated about ICO's. Beyond that during this bear market i think that people are not very willing to invest using the cryptos that they bought during the last trimester of 2017. They are hodling. Maybe if some of the ICO's offered the possibility to invest using fiat there would be more money comming to the crypto space.
CoinText is not that trusted, as it sounds. They do not have your key. They CoinText system has only "half they key" and needs to combine it with a hash of your number in order to get the private key on the go. CoinText explicitly does not store any private keys from anyone.
That being said, you trust them, that they "do not save your keys", because they surely could. But the idea is, that they are no trusted escrow service and also legally not seen as such, because they do not directly hold the keys to your accounts
It's explained in the Help page
bitcoin by phone sounds really useful. that would make it super easy for me for me to split the bill when going out. my friends dont even need an account.
CoinText makes it easy. If you can text you can crypto! I am blown away by this technology from CoinText. Also drives crypto acceptance. Love it.
I agree, using simple text-sms/email/sound for long distant p2p or rfid/nfc/qr-code for close range/in person p2p transfer using mobile phones, will be great advantage taking the ease of adoption all over the world with the current installed base (this is also ETN argument to capture mobile owners into crypto). Sure I am learning alot about stable coins in your content, thanks for that keep up bringing new info and even using the 'news' for that .. bye 4now ;)
I agree. I'm in favor of anything that increases crypto adoption. Sure SMS is not the safest, but it's not the worst either. As peoples knowledge increases, they can use it to move small amounts and keep bigger in their hardware wallets.
So I normally listen to the podcast but after seeing today’s video where you film from orbit I think I’m going to switch to the videos. Hey guys, Coney’s closer to the moon than crypto!
BitPay integrating a stable coin is a huge step forward. It will facilitate a lot of work for the merchants. Great job Chris!
Sending crypto by SMS will be great. It doesn't matter if they hold the private keys, as it isn't different to PayPal holding my money. I can chooses to move any large amounts to a wallet in my control. Hope they have EOS and Steem soon, as moving money with no fees would be nice.
This is easily a service that a block producer could offer.
Bitpay is cool. It has been helpful to me in the past. Very interesting! Thanks for the info!
@marketingmonk, In my opinion the ICO's are increasing but Investment Injections are at lower side because, still many are waiting may be due to the Speculations. And most of the people follow Mainstream Media for the news and updates and we know that still we watch the Speculative news on Mainstream Platform. Let's hope that soon masses can understand that Crypto Economy and Blockchain Technology will going to move everyone towards the Financial Freedom and Financial Control.
Wishing you an great day and stay blessed. 🙂
Sending money via SMS. Looks like Kenya's M-PESA model is gaining adoption!
upped..
awesome to think I can send crypto by SMS and I am in Australia so I can give it a go - this is the way we will i massively increase general adoption and make the next bull run the best yet . I agree about keeping very low balance on phone banking accounts and keep large amounts crypto off the phone too. Merchants need to understand and see the ease of using Bitpay system and I hope it leads to heaps of extra business for them as well.