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GAME CHANGING PAYMENT METHOD FOR ADULT ENTERTAINMENT INDUSTRY, EROIY TO START PRE-ICO CAMPAIGN ON JANUARY 30

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Eroiy, a blockchain-based incognito payment method for the adult entertainment industry, is all set to start its pre-ICO campaign on January 30. This revolutionary business ecosystem will address a wide range of customer requirements in the industry, including data protection, anonymity, protection from financial fraud, low transaction costs and payment convenience.

Eroi.io

January 23, 2018 – Blockchain technology startup Eroiy is pleased to announce the company will start its pre-ICO crowdsale campaign on January 30, 2018. It has also been disclosed that the company’s ICO campaign will start on March 1, following the end of the pre-ICO phase. All details related to Eroiy’s crowdfunding initiatives are now available at https://www.eroiy.io/.

Eroiy was created with the vision of solving a series of problems the adult entertainment industry has faced over the years. The most useful feature of this platform is that it allows anonymous transactions on top of eliminating financial middlemen and their associated fees. Discretion while paying for online adult content has been a long-standing demand for both customers and merchants of the adult entertainment industry. By meeting this demand, Eroiy is looking to bring about a radical change in the global adult entertainment market, which is currently worth almost $100 billion. Apart from anonymity, Eroiy also offers benefits such as data protection, financial fraud protection, low transaction costs, and the convenience of one-click payment.

Eroiy will also make lives easier for merchants and service providers through low transaction costs, a limitation on the potential charge-backs, protection from data piracy and financial fraud, and complete independence from credit card companies. Use of multiple payment methods makes it mandatory for them to develop an intricate infrastructure to ensure streamline transactions. Utilizing cryptocurrency as the solution, Eroiy fulfills their ever-increasing need for a decentralized payment alternative.

Based on the NEM blockchain protocol, Eroiy is safe, cost-efficient, fast, and allows users to execute smart contracts. The ecosystem comprises of the EroiyCoin, the Eroiy eWallet, the Eroiy-Xchange, and an Eroiy Crypto Debit Card. The company claims the Eroiy eWallet is a one-of-a-kind solution for convenient, anonymous and cost-efficient payments of online content and merchandise.

Eroi

Eroiy is the brainchild of a team with a wealth of experience and numerous key contacts in the adult entertainment industry. The organization’s CEO, Markus Steffen, has worked as a Director and Partner, delivering effective business solutions for over fifteen years. The advisory body of Eroiy comprises of many seasoned professionals from different fields, such as e-commerce, online marketing, event monetization, risk management, finance, law, and cryptocurrencies.

“The adult entertainment industry is already known for innovation, and it is now time for it to adopt cryptocurrencies,” says Markus Steffen, the CEO of Eroiy. “Through the introduction of Eroiy, we have the possibility to enhance trust and discretion in the business. It is the only way for the market to develop, take its next steps, and increase its social acceptance. Whether for end users, merchants or token-buyers, Eroiy is there to help individuals unfold improvidently.”

The Eroiy Corporation has already managed to build a chain of adult entertainment companies that are ready to accept Eroiy as their payment system. Agreements for key collaborations with the industry’s leading marketing, media, and trade fair companies have also been initiated.  While recently attending the XBiz and InterNext trade shows in Los Angeles and Las Vegas respectively, the company has received tremendous response from the major players in the industry. The overall concept of Eroiy was welcomed with great enthusiasm by the general participants. As a result, there are numerous upcoming collaborations with highly experienced business partners that are perfect for the project’s advancement and implementation.

EroiyCoins sold during the upcoming ICO will immediately be distributed to the provided address inside the EroiyCoin Client Area and be made visible and accessible at the Eroiy eWallet. Key details related to this crowdsale campaign are mentioned below:

  • Pre-ICO: Starts on January 30 and Ends on February 28
  • ICO:  Starts on March 1 and ends on March 31
  • Pre-ICO starting price: 1 Eroiy for $0.08
  • ICO starting price: 1 Eroiy for $0.12
  • Maximum Eroiy produced: 2 billion
  • Maximum Eroiy for sale: 1.2 billion
  • Fundraising goal: $48 million
  • Minimum purchase: 100 Eroiy
  • Purchase methods: Bitcoin, Ethereum, Litecoin, Dash, XEM, and fiat currencies such as US Dollar, Euro, and Swiss Franc.
  • More details can be found in the project whitepaper

ABOUT EROIY

Eroiy is a blockchain-based cryptocurrency designed specifically as an incognito payment alternative in the adult entertainment industry. The beauty of it is that it allows for anonymous transactions and is independent of the financial middlemen and their associated fees. This revolutionary development promises to be a gamechanger for the approximately USD 100 billion adult entertainment market worldwide.

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Australians Can Pay Utility Bills With Bitcoin (BTC)

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Bitcoin (BTC)–In terms of adoption for cryptocurrency, being able to pay for real world goods and services with the digital currency has long been viewed as the gold standard. The bear market of 2018 has led to a shift in focus away from the fundamentals of crypto and the usability of blockchain transactions in favor of wild price speculation. However, an Australian-based partnership is attempting to provide a solution for customers looking to pay their utility bills with cryptocurrency.

Cryptocurrency exchange Cointree announced a joint-venture with billing platform Gobbill to give Australian customers the opportunity to pay their utility bills with cryptocurrency. The goal of the union is to provide a solution for automated billing via crypto, with Gobbill functioning as the intermediary in the exchange, taking user funds in crypto and making the payment in fiat.

Using the Cointree wallet, users of the cryptocurrency exchange will be able to convert stored coins automatically into utility bill payments, giving customers the opportunity to pay in BTC, XRP, and nearly 40 other currencies. While Australian utility companies will not be accepting crypto directly for payment (the exchange involves a conversion to fiat), it does represent a way for Australian crypto users to get around having to cash out of their denomination on exchanges to free up funds for utility payment. The service is being aimed at small businesses and average investors, with the co-founder and CEO of Gobbill, Shendon Ewans, expounding upon the planned form of payment,

“We anticipate a surge in the number of customers who would like to pay their bills in crypto in the coming years. Our partnership with Cointree will cater to this market and ensure Gobbill continues to remain ahead of the curve when it comes to allowing our users to pay their bills automatically, while knowing they’re protected from fraud and scams.”

According to Ewans, Gobbill views this partnership with Cointree as getting ahead of the curve, a refrain we have heard several times from tangential businesses attempting to capitalize on cryptocurrency. By offering a service that automatically takes payments in cryptocurrency, Gobbill is exposing itself to the growing, and vocal, userbase of cryptocurrency, in addition to paving a future for their company that involves a takeoff in the digital currencies.

Cointree also sees partnerships for bill payments and automatic drafting as a way to increase their customer base, with efforts already enacted for several years on the front of crypto-to-bill payment. Jess Rendon, operations manager of Cointree, reported that the company has processed $100 million in bills paid in 2017,

“Last year alone we had about AU$100 million of bills paid and saw ten times growth in this payment feature.

CCN reports that paying bills with cryptocurrency has seen an explosion in Australia over the last several years, having grown by 3300% in a three-year period. While the system devised by Gobbill is still a step removed from utility companies accepting Bitcoin and altcoins directly, it does provide another avenue for investors looking to use their coins outside of exchange speculation.

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Bakkt CEO: ‘With Our Solution, the Buying and Selling of Bitcoin Is Fully Collateralized or Pre-Funded’

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On Monday (20 August 2018), Bakkt, the new company announced by Intercontinental Exchange (ICE) on 3 August 2018, declared that with its solution, “the buying and selling of bitcoin is fully collateralized or pre-funded.”

ICE’s press release mentioned that Bakkt would be offering a one-day phsyically-delivered Bitcoin futures product:

“As an initial component of the Bakkt offering, Intercontinental Exchange’s U.S.-based futures exchange and clearing house plan to launch a 1-day physically delivered Bitcoin contract along with physical warehousing in November 2018, subject to CFTC review and approval. These regulated venues will establish new protocols for managing the specific security and settlement requirements of digital currencies.”

This is how Bakkt announced today’s news on Twitter:

Kelly Loeffler, the CEO of Bakkt, provided more details in a post on Bakkt’s Medium blog.

Loeffler started by saying that to achieve a “trusted infrastructure for trading, storing and spending digital currencies”, Bakkt would need to provide:

  • “a consistent regulatory construct”;
  • “transparent, efficient price discovery”; and
  • “an institutional quality pre- and post-trade infrastructure”

She then moved to the “meat” of Bakkt’s announcement:

“A critical element to price discovery is physical delivery. Specifically, with our solution, the buying and selling of Bitcoin is fully collateralized or pre-funded. As such, our new daily Bitcoin contract will not be traded on margin, use leverage, or serve to create a paper claim on a real asset.”

She noted that this provided support for market integrity and differentiated them from other exchanges which “allow for margin, leverage and cash settlement.” She went on to say that once you take into account the fact that Bakkt also provides “a secure, regulated warehouse solution”, it was easy to see how this infrastructure could “help more institutions and consumers participate in the asset class.”

For many crypto traders/investors and analysts, what Bakkt announced today sounded great. However, not everyone was equally excited.

Caitlin Long, 22-year Wall Street veteran (including over eight years at U.S. investment bank Morgan Stanley) who has been active in Bitcoin since 2012, expressed her concern about “financialization” (i.e. when an asset class becomes investable by large institutional investors) of cryptocurrencies, and especially her worries about “leverage-based financialization” (which arises “either from the issuance of more assets out of thin air to dilute existing holders, or from the creation of more claims to the asset than there are assets”) in an article for Forbes published on 31 July 2018.

Upon hearing Bakkt’s announcement earlier today, she sent out the following tweets to explain that although the confirmation that Bakkt’s daily Bitcoin contract would not be traded on margin, use leverage, or serve to create a paper claim on a real asset” was a good thing, she still had a few reservations:

 

 

 

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Biometric Cryptocurrency Card Protects Bitcoin with Fingerprints

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Unikeys has officially announced its UKey cryptocurrency card.

In form, it’s shaped like any other regular payment card. But it’s designed to host multiple popular cryptocurrencies including Bitcoin, Bitcoin Cash, Ether, and Litecoin. What’s more, it features an embedded fingerprint sensor. Once a user’s fingerprint data has been registered and stored in the card’s Secure Element, the card is then able to biometrically authenticate the user for each transaction, ensuring a high level of security.

The biometric component is the product of a collaboration between Unikeys and Hong Kong-based MeReal Biometrics, which obtained its fingerprint sensor technology from Sweden’s Fingerprint Cards. Fingerprint Cards has been very busy in recent months seeking to secure a leading position in the biometric cards market as major financial services brands like Visa and Mastercard prepare for mass commercialization of this kind of technology; Unikeys, for its part, is ahead of the curve.

Of course, a key to success for the latter company will be establishing merchant support for its card’s cryptocurrency payments, and as RFID Journal reports, Unikeys is currently in talks with “several companies” concerning this issue. Unikeys’ CEO says the company is also planning to launch a pilot for its solution in Hong Kong, though details about the project are forthcoming.

Biometric Cryptocurrency Card Protects Bitcoin with Fingerprints

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