Square launches debit card for businesses

Square continues to spread its tentacles into the banking world through the launch of a debit card for businesses that gives sellers real-time access to funds.

The Jack Dorsey-founded mPOS pioneer says that the Square Card will give small businesses more flexibility when it comes to accessing and managing their funds by eliminating the time between making a sale and having the money available to spend.

The Square Card can be used anywhere Mastercard debit cards are accepted, while purchase activity can be seen alongside a record of sales in Square Dashboard and Square Point Of Sale. The card also encourages commerce among the small business community by offering sellers a 2.75% instant discount on purchases made at other Square sellers.

Alyssa Henry, seller lead, Square, says: “As sellers make crucial spending decisions, we know that fast access to funds – and the ability to put proceeds from sales to use immediately – can help with overall cash flow management.

“Small businesses have to be nimble. They don’t have the time to wait for funds to clear a bank account, or the resources to easily reconcile personal versus business expenses. Square Card addresses these pain points, and further extends Square’s ecosystem of products and services for small businesses.”

Square – which already offers a Visa debit card aimed at consumers that is linked to its Cash App – and has made no secret of its desire to strengthen its challenge to the banking establishment. Last month, the company refiled an application for a bank charter which would let it hold federally insured customer deposits.

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WhatsApp Beats Facebook On Global Usage

When thinking about the most popular apps in the world, one clearly comes to mind: Facebook. However, according to recent reports, another app has taken the crown as the world’s most-used: the Facebook-owned WhatsApp.

WhatsApp, a popular messaging service, recently surpassed the social media giant in terms of monthly active users. In fact, that happened last September, according to a report from analytics organization App Annie.

The report doesn’t give specifics, but it does show that both Facebook and WhatsApp have almost 200 million active users each month, and that WhatsApp gained a slight advantage and pulled ahead at the end of last year.

WhatsApp is especially popular in India, where it has the most users, followed by Brazil, Mexico, Turkey and Russia. Despite some controversy about fake news, the app still took hold in India and Brazil, especially after the company took some steps to battle it.

The app is also popular in the U.K. and Canada, and many credit its ease of use and end-to-end encryption. Another big selling point is the fact that it allows users a free alternative to standard text messaging, which can be costly, especially out of one’s own country.

A spokesperson from App Annie agreed with that sentiment. “Although their value proposition has subsequently expanded, this core offering has resulted in continued success in emerging markets, where the cost of using a mobile device is still high relative to average income,” the spokesperson said.

The future of the app is by no means assured, however. An upcoming Indian election could change the way it is used in the country. Also, both founders of WhatsApp left Facebook because of problems they had with CEO Mark Zuckerberg’s vision for it. He wanted to introduce ads to the app, which they didn’t agree with.

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Federal Websites’ Certificates Expire During Govt. Shutdown

Add federal websites to the fallout from the government shutdown.

According to a new report in The Washington Post, with the shutdown now dragging into its 27th day, a growing number of websites operated by the federal government are breaking down. That, in turn, is making it difficult for Americans to use online services and is causing their trust in the government to waver.

The paper reported that during this week, several web security certificates owned by U.S. government agencies expired, with the number of outdated certificates jumping from 80 to up to 130 or more. The report cited Netcraft, an internet security firm in Britain, for the data. Netcraft said that online pages of the White House, Federal Aviation Administration, the National Archives and the Department of Agriculture have been impacted by the round of expirations. This comes on the heels of news last week that websites run by NASA, the Justice Department, the federal judiciary and others were impacted by expired security certificates.

Paul Multon, a security consultant at Netcraft, told The Washington Post that the number of websites with expired certificates could be higher than 130. What’s more, he said some of the certificates may have been for several pages. Without the certificates, users will see a warning that the site may have been hacked when trying to access a government agency’s website. Consumers not well-versed in cybersecurity may then think twice about using online services, eroding their trust in the government.

“It’s likely to be a very big, misunderstood situation,” said Chris Vickery, director of cyber-risk research at security firm UpGuard. “My grandmother, she communicates with friends and gets recipes online. If she went to a government website and saw a warning saying ‘This certificate is no good, it could be a bad guy’ — she would freeze up.” While some federal government agencies automate the process of renewing the certificates, many others rely on staff to get the job done. But with the government in a partial shutdown, there is no staff on hand to renew the certificates.

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Cannabis and Crypto – Like Peas and Carrots? – Markets Media

Cannabis. Cryptocurrency. Two of the hottest keywords, hashtags or assets that people are talking about.

So, these are two great tastes that go great together, right? Just like peas and carrots or peanut butter and chocolate. Well, maybe. And maybe not.

Liz Prehn, Moskowitz LLP

Traders Magazine recently discussed the potential union between cannabis and crypto with San Francisco-based Liz Prehn, lead tax attorney at Moskowitz LLP, who discussed some of the benefits and pitfalls of the pairing of cannabis and cryptocurrency.

First, the advantages or cryptocurrency in a canna-business.

“Well first, it is legal,” Prehn began. “Despite its volatility as an investment, and the tax and regulatory issues surrounding it, there is nothing illegal about using cryptocurrency. Also, it’s secure. Cryptocurrency’s blockchain technology provides a secure payment and tracking process for cannabis transactions – that doesn’t require an armored contingent.”

Also, cryptocurrency accounts and transactions are anonymous, an additional benefit to customers who don’t want their marijuana purchases known. Prehn continued that digital assets provide for the immediate settlement of funds and the underlying or when combined with blockchain technology provides for nearly instantaneous validation of all transactions, as opposed to waiting hours or days for a credit card payment to post.

“There are lower transaction fees. Even cannabusinesses that manage to arrange for credit card processing, as a high-risk industry the transaction fees can be significant,” she continued. “With cryptocurrency, the fees are generally less than 1% and it’s available everywhere. Cryptocurrencies, including cryptocurrencies developed specifically for the marijuana industry, can buy most anything, anywhere in the world.”

Furthermore, Prehn pointed out that using crypto promotes transparency. She explained the sale of marijuana requires a thorough record of the movement of the product from the grower through to the end user. Cryptocurrency provides this record through Blockchain technology, which keeps incorruptible and transparent digital records.

“And there are additional benefits. Some companies provide digital tokens or cryptocurrency rewards that can be used for marijuana purchases,” Prehn said. “For example, PotCoin community members get benefits for prescription medical marijuana through WeedMD.”

But, using crypto with cannabis isn’t without concerns or disadvantages. Prehn explained that for a business with little or no traditional banking support, cryptocurrency seems prima facie like a great idea. However, it is important to acknowledge the following concerns – many of which have been publicly voiced.

First, it may undermine the legitimacy of the state-legal marijuana industry. The marijuana industry, she explained, is struggling for legitimacy in the eyes of the public and the U.S. government and that aligning itself with another federally unregulated industry may undermine these efforts.

“It will also complicate your taxes,” Prehn continued. Marijuana-related businesses are already at a disadvantage tax-wise – they can’t deduct their business expenses so careful planning is required to avoid paying extraordinarily high taxes. Cryptocurrency is treated as property for tax purposes, and detailed records of all transactions must be kept to determine tax owed. For this reason, buying and selling marijuana with cryptocurrency is likely to provide an additional layer of tax preparation complexity.”

Relatedly, not enough people use crypto it yet. Although many people are using cryptocurrency, many cannabusinesses find that they don’t have enough crypto-paying-customers to make the implementation of a cryptocurrency payment system worth the effort,” she said.

“No one knows the future of cryptocurrency. While itis gaining momentum, it is still a risky investment,” Prehn said. “It may end up being regulated or otherwise lose many of its advantages.”

She continued to note that traditional banking is changing.In the near future, banks may be an option for all cannabusinesses – with many of the advantages that cryptocurrency currently provides. Despite Attorney General Sessions’ revocation of the Cole Memo, data shows that an increasing number of banks are working with marijuana businesses to some extent. Using a bank, he explained, provides greater protection than cryptocurrency, FDIC insurance, and an easier method to pay taxes and fees. Furthermore, the ever-increasing influence of blockchain technology on the banking industry may make many of the advantages of cryptocurrency, such as lower fees and instantaneous posting, irrelevant.

So, is crypto a solution for either the long- or short-term? Or neither?

“The cannabis cryptocurrency market is a prime example of creative and innovative entrepreneurship” Prehn said. “Whether this new trend solves the marijuana industry’s banking problems in the long-term, or ends up serving merely as a temporary solution until it outgrows its opposition, we’re here to support cannabusinesses.”

 

Thailand's Stock Exchange Set to Obtain Cryptocurrency License – Smartereum

The Stock exchange of Thailand (SET) are reportedly seeking to obtain a license to float a cryptocurrency exchange.

Local new outlet the Bangkok Post reported Thursday that the SET were planning to apply for a digital asset license from the country’s Finance ministry.

“The Stock Exchange of Thailand (SET) plans to apply for a digital asset operating license from the Finance Ministry aiming to open a new exchange and become an authorized digital asset exchange this year,” the Bangkok post report read.

The vice-chairwoman of the SET’s board of governors, Pattera Dilokrungthirapop explained that the SET is hoping to capitalize on the growing trend of investments in cryptocurrency as it will become of the few global exchanges to establish a crypto exchange separate from a stock exchange. According to her, the SET is expected to have an upper hand over other crypto exchanges in terms of large capital and trust.

Pattera, who is also the chairperson of the Association of Securities Companies disclosed that securities companies that are members of the SET are also planning to become brokers and dealer on SET’s digital asset exchange if it is approved.

Cryptocurrency and Blockchain Adoption in Thailand

SET’s desire to enter the cryptocurrency market underlines the growth of crypto industry in Thailand over the past couple of months. The country is fast becoming a regional leader in the adoption of cryptocurrency and blockchain. Along with blockchain-friendly Hong Kong and Singapore, Thai regulations have seemed to encourage cryptocurrency development in the region at large.

As Smartereum reported last June, the country’s Securities and Exchange Commission (SEC) set out clear rules for cryptocurrencies and Initial Coin Offerings (ICOs) in the country. Soon after the regulations were outlined, at least 50 ICOs and 20 cryptocurrency operators and 5 ICO portals indicated interest in obtaining requisite licenses and working with the government.

There’s No Rush

Despite the downturn in crypto markets since the rollercoaster of 2017, investors and traders have maintained interest in digital assets all over the world. And while SET is hoping to catch on this trend it is in no hurry to launch its crypto platform, Pattera says.

Pattera was quoted as saying:

“We are not in a hurry to enter the digital asset trade, as some companies are still managing their core businesses, while cryptocurrencies are just one of the [digital] asset classes where brokers can adapt their trading platforms to serve digital trading. Securities firms are currently waiting for the SET to apply for a license. For us, digital assets are expected to grow in the future as investors gain more understanding of this asset class.”

Stock Performance in Focus: iCo Therapeutics Inc. (TSXV:ICO) – Connecting Investor

iCo Therapeutics Inc. (TSXV:ICO) STOCK PERFORMANCE WATCH:

iCo Therapeutics Inc. (TSXV:ICO) stock has been moved at 20% throughout last twelve months. The stock has performed 0% around last thirty days, and changed -40% over the last three months. It has five years performance of -88.888889% and weekly performance of 0%.

iCo Therapeutics Inc. stock has performed 0% and changed CAD$0 while share value reached at CAD$0.06 in last trading session (Wednesday). At present, the stock 52 week high price sited at 0.28 and 52 week low situated at 0.03. 139500 shares traded on hands while it’s an average volume stands with 204022 shares. The current analyst consensus rating clocked at 3 on company shares. Analysts estimated that stock to reach value at CAD$0.2 price in one-year period.

VOLATILITY FACTOR:

Average true range percent (ATRP-14) measured at 0%. Volatility or average true range percent (ATRP 14) is the ATR expressed as a percentage of closing price. Average true range percent (ATRP) measures volatility on a relative level. This is opposed to the ATR, which measures volatility on an absolute level. ATRP allows securities to be compared whereas ATR does not. That means lower-priced stocks won’t necessarily have lower ATR values than higher-priced stocks. The Company’s beta coefficient sits at 6.146231. Beta factor measures the amount of market risk associated with market trade. Higher the beta discloses more riskiness and lower the beta lower the risk.

The company’s net profit margin is 0.00%. It measures how much out of every dollar of sales a company actually keeps in earnings. Operating Margin is seen at 0.00%. Return on Assets (ROA) an indicator of how profitable a company is relative to its total assets is -157.19%. Return on Equity (ROE) is -357.44%.

MARKET CAPITALIZATION AND VALAATION INDICATORS:

iCo Therapeutics Inc. (TSXV:ICO) is Canada based company. Currently it has a market worth of CAD$3823399.3245. Using market capitalization to show the size of a company is important because company size is a basic determinant of various characteristics in which investors are interested, including risk. Forward P/E is a measure of the price-to-earnings ratio using forecasted earnings for the P/E calculation for the next fiscal year. P/B ratio is 70. P/B is used to compare a stock’s market value to its book value.

TECHNICAL OBSERVATION:

Now The company has RSI figure of 48.13. The Relative Strength Index (RSI) was developed by J. Welles Wilder, and it reading fluctuates between 0 and 100. The RSI is a momentum oscillator that measures the speed and change of stock price movements. Generally, the when RSI falls below 30 then stock considered to be oversold and overbought when it moves above 70. The normal reading of a stock will fall in the range of 30 to 70. RSI can be used to detect general trends as well as finding divergences and failure swings.

ADX value listed at 29.65. The values of ADX range from 0 to 100 and are also important for distinguishing between trends and non-trends. Many traders will use ADX readings above 25 to suggest that the trend’s strength is strong enough for trend trading strategies. Conversely, when ADX is below 25, many will avoid trend trading strategies.

New U.K. Bitcoin Exchange Overwhelmed By 'Crazy' Demand Amid Brexit Uncertainty – Forbes

Bitcoin has had a rocky start to 2019, though cryptocurrency developments are still rolling on with many hoping the year-long bitcoin bear marketlabeled crypto winter for its debilitating effect on the industrywill soon thaw

Now, Hong Kong-based Binance, the world’s largest bitcoin and cryptocurrency exchange by trading volume, has said it’s been “overwhelmed” by registrations for its new Jersey-based trading platform, which the exchange’s widely respected chief executive Changpeng Zhao, often known as CZ, put down to “crazy” demand. 

Meanwhile, the U.K. is stuck in Brexit gridlock as it struggles to find a path out of the European Union following its decision to quit the trading bloc over two years ago, playing havoc with local financial markets and casting doubt over the country’s future as a traditional banking hub.

The Jersey-based Binance trading platform is expected to bring a fresh wave of competition for the likes of the Coinbase and Bitstamp exchanges, both of which serve the local market.Getty

Binance Jersey, which opened for registrations on Tuesday this week, will allow users to trade euros and British pounds with bitcoin and ethereum and access digital asset management services.

“Binance.je is overwhelmed with registrations,” CZ said via Twitter earlier today. “There is a backlog of KYC (Know Your Customer) verifications already. More resources are allocated to reduce it. In the meantime, we appreciate your understanding and patience. Just crazy! One thing we do ‘well’ is underestimating ourselves, and the market.”

Binance has said it expects the island of Jersey, which is a self-governing dependency of the U.K., to be a major driving force of increasing cryptocurrency use in the European market, with Brexit part of its reasoning for expanding into the region.

“Expanding the cryptocurrency exchange markets with fiat currencies in the European region is opening new economic opportunities for Europeans as well as freedom from looming Brexit uncertainty where the pound and euro are also in concern,” said Binance chief financial officer Wei Zhou. “Through Binance Jersey, we want to help bridge the crypto-fiat channel for Europe and the U.K. as part of our global expansion to support broader cryptocurrency adoption.”

Cryptocurrency take-up in Europe has so far been sluggish compared to U.S. and East Asian markets, however, with daily bitcoin exchange volume on the continent less than 4% of the global volume late last year, according to CryptoCompare, a data provider.

Zhao Changpeng (CZ), chief executive of Binance, regularly speaks to users of his exchange via Twitter.© 2018 Bloomberg Finance LP

Over the last two years, the U.K.’s financial sector has repeatedly warned it could be wiped out if the country leaves the E.U. without a trading deal in place—a situation that’s become known as a hard Brexit. 

Earlier this week the head of industry body U.K. Finance, which represents banks and financial services, warned crashing out of the E.U. without a deal would be a “catastrophe” for the country’s banking industry, which rivals New York’s as the world’s biggest financial hub.

Elsewhere, a disorderly Brexit would plunge the U.K. into recession for at least two years and lop a half percentage point off the entire E.U.’s economic output, according to Deutsche Bank chief executive Christian Sewing.

The governor of the Bank of England, Mark Carney, warned in November last year the pound could fall by a quarter in the event of a no deal Brexit.

British prime minister Theresa May is now battling to find a cross-party compromise to the Brexit standoff after the deal she stuck last year with the E.U. was rebuffed by lawmakers, including many of those in her own party.

The bitcoin price is still nursing a hangover after its epic 2017 bull run.CoinDesk

While interest in bitcoin, cryptocurrency, and alternatives to the traditional financial industry remain strong in the U.K. and Europe, that interest has done little to support the bitcoin price.

Bitcoin remains trapped in a bear market that has wiped billions from its market value and seen the price per bitcoin fall to around $3,500 from almost $20,000 a little over a year ago.

“During the bull market in 2017 we definitely saw a strong interest in bitcoin from UK clients following the Brexi referendum. However, now that price direction is a bit more uncertain, it’s more difficult to identify such national trends,” said Mati Greenspan, senior market analyst at broker eToro.

Ethereum Co-Founder Joe Lubin Joins Board of Crypto Futures Platform ErisX

Crypto trading startup ErisX is expanding its board of directors as it prepares to launch spot and derivatives markets for digital assets, including bitcoin and eventually ethereum.

The company announced Thursday that Joseph Lubin, founder of the ethereum development studio ConsenSys, and Cris Conde, a technology entrepreneur, had joined the board. They will serve alongside DRW CEO Don Wilson, Valor Equity Partners managing partner Antonio Gracias and ErisX CEO Thomas Chippas.

In a press release, ErisX cited Lubin’s experience working in the digital asset space and his familiarity with the ethereum network (he was part of the second-largest cryptocurrency’s founding team).

The company initially plans to provide bitcoin futures products when it launches (though this launch may be delayed by the ongoing U.S. government shutdown), but plans to add support for ethereum and litecoin futures down the line.

ErisX head of marketing Jessica Darmoni told CoinDesk via email that launching ether products remains a goal for the company, but declined to say if the company was planning to actively lobby for or announce an ether futures product in the near future.

“As a general rule, we don’t comment on engagement with regulators while we are still in process with them,” she said., adding:

“However, we can say that Mr. Lubin and his team bring extensive knowledge and background on Ethereum, the crypto space as well as the token space to ErisX.”

ErisX CEO Thomas Chippas previously told CoinDesk that the company’s “interaction with the CFTC has been both positive and productive,” and that the firm was looking forward to resuming its work with the regulator on its derivatives clearing organization application.

The board has been expanded from four seats to five. Lubin took the new seat; Conde, a former CEO of software giant Sungard, will replace former independent board member Cliff Lewis, who had been on the board since Feb. 2018.

Joe Lubin at Consensus 2018, photo via CoinDesk archives

Government Shutdown Threatens Trump’s Financial Deregulation

The government shutdown, which is now the longest in modern history, is hurting President Donald Trump’s deregulation plans in the financial services industry.

According to a report in Reuters, with the Democrats controlling the House of Representatives and the upcoming 2020 presidential election expected to blunt any legislation, industry lobbyists are concerned that if the shutdown continues, there will be little time for the White House’s new rules to go into effect.

President Trump has laid out plans to ease the rules on banks, transform corporate governance and drive financial innovations, which led many executives in the industry to start to reap the benefits this year. But with the partial government shutdown, they aren’t so sure.

As Reuters noted, one area that is concerning executives is the rules that are currently being drafted by regulators, which will put into place the changes Congress passed in May to lift the restrictions on banks. Republican lawmakers had expected the changes would almost be complete, but several have not reached the public comment stage, a phase that is required under federal law and can’t be easily fast-tracked. The changes face a lot of opposition from consumer groups, and anything that hurts the ability for them to be implemented could result in financial services companies being exposed to litigation.

“While there is an image of folks coming in and cutting red tape, for better or worse that is not the way our legal process works, and the government shutdown really impedes that process,” said Ben Olson, a lawyer with Buckley Sandler, in the Reuters report.

Take the Commodity Futures Trading Commission (CFTC) as one example. It was scheduled to sign off on rules that would enable Intercontinental Exchange to start trading digital currency futures shortly, but with the government shutdown, that timeline is now unrealistic, a person familiar with the CFTC’s plan told Reuters. And the Securities and Exchange Commission has no staff to approve paperwork, which means initial public offerings (IPOs) are getting delayed, and brokers can’t get guidance on whether some trades are compliant with SEC rules, Marlon Paz, a lawyer and advisor to financial firms, told Reuters. “I fear there is little oversight in tumultuous times,” he said.

Reuters reported that a CFTC spokeswoman confirmed the agency has stopped rule-writing, while an SEC spokesman said the Commission was staffing emergency functions.

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eToro Cryptocurrency Wallet review 2019 – Information Age

eToro has been a mainstay in the cryptocurrency space for quite some time with a long track record of supporting cryptocurrencies early on

Image Source: eToro

With cryptocurrencies growing in popularity over recent years, crypto enthusiasts now have more choices than ever when it comes to wallets, exchanges, and many other services. Now, social trading platform eToro has rolled out a cryptocurrency wallet of their own that’s available for download on the Google Play Store and Apple’s App Store. With wallets being one of the most important items cryptocurrency traders and investors need, it’s one area that should not be overlooked. But what kind of features does the wallet offer? Is it secure? And how user-friendly is it? Let’s take a closer look at the new cryptocurrency wallet to see all that it has to offer and find out if its the right fit for you.

eToro

Before looking into the wallet itself, we should look at the source it’s coming from. eToro is a social trading platform that supports a variety of assets including not only currencies and equities but cryptocurrencies as well. The company has been a mainstay in the cryptocurrency space for quite some time with a long track record of supporting cryptocurrencies early on. In fact, eToro first rolled out bitcoin trading on the platform at the beginning of 2014 — well before the 2017 crypto mania. eToro is a pioneer in “social trading” which allows users to follow and replicate the trading patterns and styles of the top traders on the platform. Through social trading, users can automatically copy the same trading strategies that the best traders on the platform are using to improve their own performance. With that in mind, it makes sense that the company would extend its services to include cryptocurrency wallets; let’s take a deeper look.

The in-depth guide to using bitcoin wallets

The end of 2017 saw a meteoric rise in the cryptocurrency phenomenon, and while market prices have fallen in recent months, the trend is unlikely to go away. Read on to find out how to use your bitcoin wallet in the digital currency era

Supported Assets

For now, eToro’s new wallet only supports Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC); however, the team announced its intentions to increase the number of supported crypto assets over time just as they’ve increased the number of cryptocurrencies on their trading platform. This appears to be pretty standard practice for many new wallets and exchanges supporting cryptocurrencies to first focus on the core currencies their user base uses and then expand to cover a wider variety of crypto assets. When eToro first expanded into the cryptocurrency space, it began with just bitcoin, now the platform supports 14 different cryptocurrencies. We can expect that those will likely be rolled out in the near future.

Security Features

Next up, we need to look at the security features of the new wallet. While the wallet itself is operated by eToroX, it is linked with the eToro exchange, meaning users can login with their existing eToro account, mitigating the need for excess passwords and login credentials. However, as added protection for users, the wallet also supports 2-factor authentication (2FA) and multi-signature security to ensure the secure holding of your assets. (If you’re not already using 2FA whenever you can, then you certainly ought to be.) The result is a high level of security while also offering top-notch ease of use.

Important Features

Besides the basics like different language options to choose from, there are many other factors to consider when looking at a cryptocurrency wallet and eToro has made sure to include some extras that we think are great for crypto enthusiasts regardless of skill level. Security is always at the top of our list, so seeing multi-signature support and 2FA included is always a plus, but there’s more beyond logging in securely. eToro’s wallet allows moving cryptocurrencies to other wallets as well. That means that users aren’t tied to storing their cryptocurrencies only with eToro. Instead, users can send their cryptocurrencies to other wallets, exchanges, and even into cold storage if they’re looking at a long term solution for holding their assets.

In addition, the wallet supports a variety of languages to choose from, just like the eToro trading platform, so users aren’t limited to one language. Since the wallet works with the eToro platform, users can easily take advantage of the other features of the eToro app to work in conjunction with their wallet. After getting market updates and checking their newsfeed in the eToro mobile app, users can then easily switch to their wallet to move and receive funds. At the end of the day, perhaps the biggest advantage of the wallet comes down to simplicity. The wallet is easy to use and can be set up in no time, especially for those who already have an eToro account.

A how-to-guide: payment for development services with cryptocurrency

This article acts as a how-to-guide for all things related to the cryptocurrency, Bitcoin, as the phenomenon grows in popularity

Pros vs Cons

Pros

  • The wallet comes from a trusted name in the cryptocurrency space that has over 10 million registered users
  • Top-notch security options to secure your holdings
  • User-friendly and easy to use with an intuitive user interface and experience
  • Support for the top cryptocurrencies in the market right now
  • Variety of languages to choose from
  • Automatically syncs with users existing eToro account
  • Available on both iOS and Android mobile devices
  • Low trading fees, as with eToro’s trading platform

Cons

  • Not yet available universally, individual users will need to check if it’s available in their country
  • Only available on iOS and Android devices — no desktop or laptop options yet
  • Currently only supports four cryptocurrencies, though more to come in the future

The Bottom Line

There are a lot of factors to consider when looking at different cryptocurrency wallets, but eToro provides a solid option on all fronts. While the platform’s cryptocurrency wallet may not be available in every country yet, our opinion is that it is certainly one of the best options for traders in the locations it’s currently available in. Between the high level of security, ease of use, and the trusted company behind the wallet, eToro’s cryptocurrency wallet is a good choice for anyone in the markets, regardless of their skill level.

Asia-Pacific Newswire