The excessive growth of digital currencies and blockchain based solutions powered a switch of future online payments from traditional banking to crypto. It is estimated that global online retail will increase up till 3 trillion dollars in the end of 2018. With such potential of the industry new players started to emerge offering completely different ways to get paid for e-commerce businesses.
Why Is Crypto so Much Better?
There is a growth in retail world such as has never been seen before. In order for brokers to catch up, they need not only put much more effort into marketing and positioning strategies but also to choose the right online payment handling partners.
It has been realized that cryptos have become a very prevalent method of payment. This has made all ecommerce innovation-driven businesses start to look for decent online crypto payment processing companies to provide more added value to their clients and stand out in the industry. By adding crypto the conversion rates for any e-shop will increase for the customers.
Cryptocurrencies like Ethereum, Ripple or many others are great for immediate cheap transactions. No banks, credit card companies or a huge number of other middlemen need to participate in the process of a sale. It is all straightforward like it should be in times booming re-invention of digital technologies.
Bitcoinus is going to offer solutions like that for every business. It will be more attracting as when paid with Bitcoinus, no transaction charges, as less as 2 seconds to approve any transaction. This is something worth adopting for a business if it is to adopt blockchain.
Bitcoinus – a new startup is aiming to overtake the dominance of online payments in only a couple of years.
Traditional processing companies are eager to switch to blockchain-based technology due to many existing uncertainties. Last year‘s increase of capitalization of all cryptocurrencies and immediate spread of the number of blockchain solutions will affect virtually all existing online businesses. Safer and more efficient information distribution brings a completely new approach to internet payments as well since it is also only a form of information that changes hands.
Making Crypto Payments Low Cost & Flexible
More and more people start to use cryptocurrencies to for goods and services online. Currently, it is not either easy or convenient.
Bitcoinus will offer clean and flexible API for developers of any online business to develop their own solutions with integrated crypto payments. The plugins for all major ecommerce platforms like WordPress, Shopify and a number of others.
Tomas Mickauskas, the founder of Bitcoinus, says:
The main benefit as such is the fact that a transaction cost which will come 0,5% as standard. It will even be free for both parties paying with BIU tokens which open completely new horizons for online business cost management. Our vision is to make ecommerce more profitable as the increasing competition drives the P/L curve downwards. Bitcoinus will also bring back the opportunity to succeed for all small enterprises.
The ICO of Bitcoinus will commence on 22nd of January. All contributors will be able to get a generous 47% discount on BIU tokens. Some of the best examples of future benefits are free transactions to B2B clients who will be interested in adopting the cryptocurrencies as their new progressive payment method.
“We are ready to introduce the so needed crypto payment processing solution to the world of ecommerce. Big retail corporations only get bigger because they have favorable conditions. Bitcoinus will provide them to all businesses. Cryptocurrencies will certainly have a huge influence in traditional retailing, taking a part of this revolution is a huge privilege.” – says Povilas Ruzgaila, an ICO Expert and the head of business development in Bitcoinus.
All individuals who will support the Bitcoinus project will also be able to get a variety of discounts while shopping at Bitcoinus retail partners’ online platforms and e-shops. BIU tokens will be traded in all major exchanges to provide liquidity. Therefore all conditions will be created for the BIU token to be accepted as a payment method to all Bitcoinus partners.
Bitcoinus ICO presale will offer 8M tokens 47% off the regular price, starts on 22nd of January.
Crypto Market cap reached $275 billion
Market cap of crypto currencies reached the level of $275 Billion after a spike on 4rth July 2018, Bitcoin maintaining its dominance at 42% , making it the biggest crypto currency in the world.
Bitcoin price currently trading at around $6700 after a 3% spike in the price , making it jump from $6500 to $6700 within minutes, analysts are predicting that this recent upside movement in crypto market in weak and need to sustain these levels in order to attract more buyers, otherwise overall bearish market is still in control.
$7000 is a key level for Bitcoin
$7000 is very important level for bitcoin according to many technical analysts, If it breaks above $7000 and stays there then chances are that upside move will be healthy, otherwise bear will look forward to take control of the situation again.
Switzerland merging Cryptocurrencies with conventional banking
Switzerland is on the right track to become a Crypto nation and country is making efforts to allow cryptcocurrencies to fully access conventional banking .
Bitcoin and other crypto currencies has taken a big hit in brutal bear market of 2018 but that’s not stopping Switzerland to allow cryptocurrencies to fully access conventional banking system within the country. Switzerland is currently in progress and drafting rules and regulations for such collaborations.
Heinz Tännler, Swiss expert & finance director of Zug canton, told media earlier that politicians were moving to allow crypto companies to work with banks, adding that Switzerland’s central bank, financial supervisor and federal government “are willing to help”.
He said: “We hope to clarify relationships by the end of the year at the latest.
“Time is pressing, other jurisdictions such as Malta and Singapore are very active and making a lot of effort to attract these companies. The lack of access to bank services is a significant competitive disadvantage.”
“We have to push certain national institutions to resolve this problem quickly and effectively, but that now seems to be going well.”
Blockchain becoming the global phenomenon
The concept of Blockchain is interesting and attractive for all the countries, many countries may disagree on the existence and usage of cryptocurrencies, but all of them agree with the fact concept of blockchain is not going anywhere and governments can benefit from this technology in various fields, but if you ask any expert of blockchain, he would tell you that success of Blockchain technology has to be linked with existence of crypto currencies, without crypto currencies, and ecosystem can’t exist, many governments around the world are slowly recognizing the fact and Switzerland is definitely on the right track if they allow crypto currencies to work in collaboration with the Banks, because many banks around the world are not allowing crypto currencies to offer services through them, but this initiative will open many doors in that regards.
Crypto market stabilizing gradually
Crypto market is stabilizing around $450 billion market cap after gradual increase in overall value in recent weeks.
Leading crypto currencies are on the rise, lead by Bitcoin, Ethereum, Bitcoin Cash and Ripple. Although increase in bitcoin value is less as compared to other crypto currencies but overall market is on rise with current market of $440 billion.
Bitcoin is currently hovering around the $9300 mark after being rejected at $10000 mark couple of times in last days, Ethereum is on the charge as well but the most surprising one is Bitcoin cash. Bitcoin cash was at $600 couple of weeks ago and now at $1600, shows rapid growth in recent weeks.
Crypto currency of the month has to be EOS, investors of EOS are enjoying a massive rise in value in past few weeks, EOS started April at $5 mark and now is at $18 , value of EOS increased more than 3 times within one month.
Current top 5 crypto currencies
- Bitcoin : $9388
- Ethereum: $741
- Ripple: $0.83
- Bitcoin Cash: $1630
- EOS: $18.28
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