CoinPoint rocked the night away in its successful Bitcoin Cash Party at Tapa Tapa Bar near Excel Conference Centre in London last February 8, 2018. Dr. Craig Wright of nChain and English professional snooker player Ronnie O’Sullivan joined the party, along with nearly 200 attendees composed of gaming executives and crypto industry leaders from around the world.
The CoinPoint Bitcoin Cash Party is a celebration of the use of Bitcoin Cash as a sustainable and innovative electronic cash system for faster, safer, and more efficient global transactions. Everyone in the party was asked to download a Bitcoin.com wallet to receive free Bitcoin Cash, which they promptly redeemed to get free drinks at the bar.
“This event is part of our educational strategy with the aim of showing that Bitcoin Cash is the cryptocurrency that can be used for payments globally,” said Eilon Arad, CoinPoint’s Director of Business Development based in Manila, Philippines, in an interview.
The Bitcoin.com-sponsored event by CoinPoint, the leading cryptocurrencies and Blockchain agency, showcased the simple, fast, and reliable approach of Bitcoin Cash in various channels, including micropayments and e-commerce.
“The party was a huge success hitting the goals of both business and pleasure as well as bringing the capabilities of Bitcoin Cash as a peer to peer cash as well as CoinPoint’s as a market leader for cryptocurrency marketing agency,” said Oron Barber, CoinPoint’s CEO based in Bulgaria.
Besides drinks, music, and Bitcoin Cash, BetterBetting Foundation CEO Adriaan Brink announced in the party the BetterBetting ICO winner of a Ronnie O’Sullivan-signed snooker cue. During Brink’s speech, which celebrated the end of a successful ICO supported by CoinPoint, he revealed that the next step would be to switch their peer-to-peer betting technology, using smart contracts, to Bitcoin Cash once it is made available.
The CoinPoint Bitcoin Cash Party was a highly anticipated VIP event covered by the team of CoinGeek, CoinChoose, iGaming Business, and other global media outlets.
Meanwhile, CoinPoint will launch several Bitcoin Cash-related platforms that aim to improve merchant and user adoption as well as education of the market.
CoinPoint is the premier cryptocurrencies and Blockchain agency based in Bulgaria, Australia, and Philippines that provides innovative solutions for different markets. It offers a wide range of digital marketing services, including crypto and blockchain consultations, pay-per-click campaigns, email marketing, and more. With many years of high-quality service, the company has built a strong network of global partner and renowned clients around the world. For more information, please visit https://www.coinpoint.net/.
Evgeniy Babitsyn from Bets.io Comments on the Future of BTC
In January 2024, the SEC approved 11 Bitcoin ETFs, marking a significant announcement for Bitcoin and the wider crypto-market. This approval demonstrates the growing integration of traditional finance with decentralized finance. The announcement has sparked mixed reactions, with crypto experts questioning what this means for the future of tradable crypto assets. On the back of the announcement, the news that BlackRock will now be the biggest holder of Bitcoin has made the issue more complex.
Evgeniy Babitsyn, CMO of Bets.io, is an expert crypto commentator who has been closely monitoring these latest developments.
“There are pros and cons to the BTC ETF. On the one hand, it gives retail investors another avenue of access to the crypto market, allowing them to invest through a traditional finance instrument. This is important because investors not well-versed in crypto investing can find it difficult to access and invest in crypto assets,” he said. “However, the bigger point here is that BTC’s incorporation into an ETF goes against the founding principles of cryptocurrency. Its evolution is a consequence of advanced technology removing the ‘middleman’ in transactions, empowering individuals to make transactions free of bureaucratic institutions.”
When it comes to the regulation of crypto assets, Evgeniy does admit that there is a role for regulators to play. However, he advises it should not go against the fundamentals of cryptocurrencies. “While there is a role for regulation to play, having an ETF in play goes against what BTC initially set out to achieve as an alternative to traditional financial systems.”
Increased institutional involvement in crypto trading can also distort the market, posing significant questions for the future. “News is now emerging that the world’s largest asset manager, BlackRock, is on track to becoming the biggest holder of BTC because of the ETF,” Evgeniy said. “Coupled with this, the ongoing developments from state entities to regulate crypto assets, the question now is whether the institutional embrace of BTC marks the beginning of the end for the coin, at least in its original form.”
Bets.io is a renowned brand within the world of crypto iGaming. It was launched in 2021 and has been rapidly expanding ever since. In 2022, the brand was acclaimed as The Rising Star Operator of the Year by SiGMA Europe for its ambition, results, and potential in the online entertainment industry. As such, it has been keenly watching the developments of crypto assets unfold.
Looking to the future, Evgeniy sees big announcements on the horizon. “For now, we know that 2024 will be a monumental year for the future of BTC, cryptocurrencies, and Web3.”
How Bitcoin made its way into mainstream service industries
Bitcoin, a decentralized digital currency, has garnered significant attention and adoption in recent years. Its emergence has challenged traditional financial systems and paved the way for alternative forms of currency. Mainstream service industries, encompassing a wide range of sectors such as e-commerce, travel, hospitality, and finance, have witnessed the transformative impact of Bitcoin.
This article explores how Bitcoin made its way into these service industries, revolutionizing the way transactions are conducted. From its humble beginnings to its current status, Bitcoin has navigated challenges, gained acceptance, and provided numerous advantages, leading to its integration into the mainstream service sector.
Early Adoption and Initial Challenges
Bitcoin was introduced in 2009 by an anonymous person or group known as Satoshi Nakamoto. During its initial years, Bitcoin attracted a niche community of tech enthusiasts, libertarians, and those seeking an alternative financial system. These early adopters recognized the potential of the cryptocurrency and its underlying blockchain technology to disrupt traditional payment systems.
As Bitcoin gained attention, it faced significant skepticism and resistance from established service industries. Many industry players questioned its legitimacy, associating it with illicit activities due to its decentralized nature. Moreover, the volatility of Bitcoin’s price posed challenges for businesses that desired stability in their financial transactions. Concerns regarding regulatory compliance, security, and scalability further impeded its acceptance.
Over time, the Bitcoin ecosystem has evolved to address these early challenges. Innovations such as payment processors and merchant services emerged to facilitate Bitcoin transactions and provide stability by instantly converting Bitcoin into local currencies. Regulatory frameworks have also begun to take shape, enhancing consumer protection and promoting transparency. Additionally, advancements in blockchain technology have improved security and scalability, addressing some of the initial concerns surrounding Bitcoin’s integration into service industries.
Growing Acceptance in Service Industries
Bitcoin’s journey from a niche digital currency to widespread acceptance in service industries has been marked by notable milestones and increasing recognition of its value proposition.
Service industries across various sectors have started embracing Bitcoin as a viable payment option. E-commerce platforms, for instance, have integrated Bitcoin payment gateways, allowing customers to purchase goods and services using the cryptocurrency. Travel and hospitality businesses have followed suit, enabling travelers to book flights, accommodations, and other services using Bitcoin.
Another notable example of this acceptance is the integration of Bitcoin into online casinos.
Online casinos have increasingly embraced Bitcoin as a payment method, providing players with an alternative to traditional fiat currencies. Bitcoin’s advantages align closely with the needs and preferences of online casino enthusiasts. Firstly, Bitcoin enables faster and more secure transactions, allowing players to deposit and withdraw funds quickly without the delays often associated with traditional banking methods.
Moreover, Bitcoin offers enhanced privacy and anonymity, which are highly valued by online casino players who prefer to keep their gambling activities discreet. With Bitcoin, players could now play BlackJack online without divulging personal banking information, fostering a sense of security.
Food and beverage establishments have also begun accepting Bitcoin as a form of payment, providing customers with more choices and flexibility in transactions. Furthermore, financial services have recognized the potential of Bitcoin, with some institutions offering Bitcoin custody services and even incorporating cryptocurrency investment options.
Future Prospects and Potential Challenges
The future of Bitcoin in service industries holds both exciting prospects and potential challenges that need to be addressed for continued growth and mainstream adoption.
Bitcoin’s trajectory points towards increased mainstream adoption in service industries. As more businesses recognize the benefits of accepting Bitcoin, we can expect a broader range of industries to integrate cryptocurrency payments into their operations. This would contribute to the overall normalization and acceptance of Bitcoin as a legitimate form of currency.
As an example, Bitcoin’s future in online casinos appears promising, with an increasing number of platforms embracing cryptocurrency transactions. As more online casinos recognize the benefits of Bitcoin, it is likely to become a standard payment method across the industry. This increased adoption will allow players to find their best bitcoin betting site much more easily, as well as enjoy greater flexibility and convenience in funding their accounts and withdrawing winnings.
The evolving regulatory landscape poses both opportunities and challenges for Bitcoin. Regulatory frameworks are being developed to provide consumer protection, prevent money laundering, and ensure compliance with existing financial regulations. Striking a balance between innovation and compliance will be crucial to foster a supportive regulatory environment for Bitcoin in service industries.
The rise of Bitcoin and other cryptocurrencies has the potential to disrupt traditional banking systems. As more individuals and businesses embrace decentralized digital currencies, the need for traditional banking services could diminish. This shift may require financial institutions to adapt their business models and explore partnerships or collaborations with the emerging cryptocurrency ecosystem.
Technological advancements are essential to address scalability concerns related to Bitcoin’s transaction throughput and network congestion. Solutions such as the Lightning Network, layer-two protocols, and improved consensus algorithms are being developed to enhance scalability and transaction efficiency. Overcoming these technological challenges is vital for Bitcoin to meet the growing demand of service industries and maintain its relevance in an increasingly digital world.
Bitcoin’s journey into mainstream service industries has been marked by significant milestones and widespread acceptance. From its early days of skepticism and challenges, Bitcoin has overcome hurdles and gained recognition for its benefits in various sectors. The integration of Bitcoin into e-commerce, travel, hospitality, and financial services showcases its potential to revolutionize traditional payment systems.
Looking ahead, continued development and innovation will be key to sustaining Bitcoin’s growth and addressing regulatory, scalability, and technological challenges. As Bitcoin becomes increasingly ingrained in service industries, its impact on global finance and the future of decentralized currencies is poised to reshape the way we transact and interact with the financial ecosystem.
Edgegap partners with Zebedee to bring Bitcoin transactions to multiplayer games
Edgegap in partnership with ZEBEDEE, the next generation payments-processor, announced that Edgegap’s server orchestration platform tailored for multiplayer games is now accessible to game developers utilizing ZEBEDEE’s payments platform. This latest partnership will join the vision of the two companies toward a unified and global marketplace accessible to all game makers and players.
ZEBEDEE’s fully programmable payments platform allows developers to send, receive and pay with Bitcoin in and outside their game, with transactions as small as $0.0002. The technology enables innovative payment-based mechanics, such as real-time micro-transactions based on actions the player takes in the game, with no fees and instant settlement. The nature of these transactions requires seamless connectivity with minimal latency and lag, making Edgegap’s flexible server orchestration a powerful proposition for developers and gamers alike.
Edgegap’s ever-expanding distributed cloud network with 450+ locations worldwide can handle any traffic volume through automation and rapid-scaling orchestration. Its proximity hosting technology deploys game instances in the optimal location to deliver near-zero latency regardless of players’ platform, location or internet access type. It is supported by the ultimate peace of mind – an industry best 99.9% availability.
“We’re thrilled to collaborate with ZEBEDEE to continue our mission to democratize access to distributed server orchestration. We hope this partnership will empower developers to confidently deploy their games worldwide with near-zero latency for a flawless multiplayer experience,” said Mathieu Duperre, CEO of Edgegap.
“ZEBEDEE is proud to add Edgegap as part of its ecosystem of tools and products to give our developer partners on-demand access to premium multiplayer server infrastructure that can natively incorporate our own payments capabilities,” says Ben Cousens, Chief Strategy Officer at ZEBEDEE.
This marks the beginning of an ambitious partnership for the two companies, who detected a natural fit in their offerings and are committed to building innovative solutions targeting both game makers and gamers. As gaming continues to become more social and interaction-driven, flexible and instant global server infrastructure and flexible and global payments technology should come hand in hand. The new partnership between Edgegap and ZEBEDEE places both companies at the forefront of this innovation.
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