Bitcoin Adoption Rate – Facts & Statistics - Cryptalker

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The startup that's giving away Bitcoin

One startup founder, Alex Adelman, hopes to speed up bitcoin's adoption process, and he's doing it by making cryptocurrencies accessible to people who aren't necessarily interested in going out of their way to buy it. Adelman is the founder of Lolli, an eight-month-old New York-based startup with a single-minded mission: Put cryptocurrencies like bitcoin into the hands of consumers, risk-free. 
Lolli's primary offering is a browser extension (it pairs with Chrome and Safari and it's downloadable through Lolli's website) that pairs with more than 500 online retailers. Purchase an item through one of Lolli's online retail partners, and you'll receive as much as 30% off the item's cost back in bitcoin. From there, the bitcoin is stored in your personal Lolli wallet where it can later be cashed in to your bank account.
submitted by emma1890 to u/emma1890 [link] [comments]

Bitcoin Banned for Alcohol Sales in State of Ohio

Hello all,
I am the organizer of Bitcoin Boulevard US. I have worked over several weeks to open dialogue with state and federal regulators on behalf of our businesses who accept alcohol. They must remain lawful, and cannot risk their liquor licenses.
I received a "no stance" from the Ohio Liquor Control legal board, and a green light by the federal Alcohol and Tobacco Trade Bureau (TTB). I reached out to the Ohio Department of Public Safety, as they are the group which actually enforces Ohio liquor laws. I had lengthy conversations with them, which were positive, yet they had not given me an answer yet. All of these agencies were intrigued by my request, listened to my explanation of Bitcoin/Bitpay, and I stressed that we in the Bitcoin world want to be included in regulatory discussion, not just discarded by closed-door rulings (like the IRS ruling).
This past week we were featured in The Plain Dealer, and are on the front page of today's business section in print. The reporter pressed this department of public safety for an answer. They ruled that Bitcoin is a commodity, not a legal currency, and could not be used for purchase of alcohol.
This, to me, marks a first for a US regulatory agency to effectively ban bitcoin.
I personally think their conclusion is unfortunate, and is indicative of the type of senseless obstructionism small businesses face from many antiquated and complicated laws and regulations. But, it makes for an interesting new chapter to the Bitcoin story and an interesting topic to present at our launch event. I fear this will set a precedent for other areas of the US as Bitcoin continues adoption and so I plan to do whatever I can to keep this issue alive.
I look forward to your comments, suggestions, and thoughts about this turn of events. Read about their ruling below:
http://www.cleveland.com/business/index.ssf/2014/04/cleveland_heights_merchants_banking_on_bitcoin_boulevard_to_draw_global_spotlight.html
For now, some of our Bitcoin Boulevard will be unable to process Bitcoin payments.
Nikhil
EDIT: Spelling and grammar.
EDIT 4/29/2014:
In response to http://www.reddit.com/Bitcoin/comments/248p8j/residents_of_ohio_please_contact_you:
The reddit community had some valuable suggestions.
The ODPS has to stand by their statements, as this was made in our major newspaper, The Plain Dealer.
However, this decision was made late Friday and of course no one can be reached on weekends there. I contact the agent in charge yesterday, and they are going to reconsider their position, hopefully in time for our event on Thursday.
Most of these merchants are using BitPay with 100% USD settlement. So, this is no different than accepting a foreign credit card. The transaction is between BitPay and the merchant, not the customer and the merchant, and this transaction is 100% USD. THIS is not what was passed down to the legal team at the state, even though it was thoroughly discussed. What was passed down was only the information about BTC-BTC direct wallet transactions, which only 1 merchant was hoping to do.
The agent gave me the opportunity to submit in my own words what needs to be conveyed, and I did this with support from BitPay, including additional information from BitPay themselves.
What I am hoping for now is a compromise. 1) No for BTC-BTC transactions for alcohol, as this would be barter, and is prohibited by current Ohio liquor law. 2) Yes for BTC-USD using 3rd party payment processor like BitPay, no different than foreign credit card transactions not originating in USD.
This is a work in progress, as to be expected.
This is also required part of the Bitcoin adoption process. It would be incredibly irresponsible not to include the regulators in this conversation, as the merchants' entire livelihood is at stake when it comes to liquor control violations.
For the people who are attacking the decision to proactively seek regulatory approval: Would you rather exclude the entire restaurant and bar business in Ohio from Bitcoin? Not one bar will adopt Bitcoin in Ohio without written approval from these regulatory agencies. Bitcoin is far more that a political statement, it is a statement against the traditional banking industry. Small businesses must work within the political regulations they are bound by.
submitted by BTCBoulevardUS to Bitcoin [link] [comments]

Do bands/ musicians accept bitcoin donations?

Some of them probably do but how many? If a musician has some fanbase he/ she could receive some money without doing any extra work. Maybe we should start tipping our favorite musicians on twitter with ChangeTip (I know this service has been criticized) for them to notice bitcoin? Would that help bitcoin adoption process?
submitted by Fenix_one to Bitcoin [link] [comments]

Bitcoin Boulevard US Launches Today - Update On The Ohio Alcohol Situation - And Some Thanks

Hello Reddit!
Just a reminder that Bitcoin Boulevard US launches today in Cleveland Heights, Ohio.
Many business are already open for the day, accepting Bitcoin starting today. In fact, I had a delicious egg/cheese/bacon sandwich and coffee this morning from The Katz Club on my way to work, paid for in Bitcoin. https://twitter.com/CoinNEO/status/461854058928566272
We are still waiting on word from Ohio about this alcohol situation, and for now alcohol will not be sold for Bitcoin. Katz Club will sell food and N/A drinks, but not alcohol. The Wine Spot, the flagship store for this project and the location for our kickoff event at 6:00pm this evening, is halting Bitcoin payments for the time being.
We are waiting minute by minute for word from the State, and we will make decisions about this as the remaining businesses open for the day.
At any rate, we think this issue energizes a debate that is precisely within the spirit of the Bitcoin Boulevard concept. We are challenging people to think about Bitcoin and become aware about its tools, methodologies, and relationships with banking and politics. This includes regulatory agencies, and is a required part of the Bitcoin adoption process, especially for small businesses whose entire livelihoods are at stake with these types of issues. All we can go on is the information we have at hand, being that Ohio is re-considering their position after exhaustive explanation this week from myself, which was reviewed by and augmented with information by BitPay. Thank you to all the help from Reddit, your suggestions have certainly been valuable.
We have not heard a new result yet from Ohio. This is a disappointment, but we think it will create a fascinating topic for our launch presentation.
Thank you to the journalists of the world press, from our local Heights Observer newspaper, to The Plain Dealer, Washington Post, WIRED, NPR, Bitcoin Magazine, CoinDesk, Bitjuice, and many many more for covering our ‪Bitcoin‬ Boulevard US initiative with interest and objectivity. One major goal of ours was to provide some positive news for Bitcoin through awareness, education, and real world experiences. We succeeded in this goal far before today's launch event, changing what seems to be everyone's response in our community from "Are you crazy!" to "This is awesome!". We have faced almost none of the adversity we were anticipating. If anything, people are happy, excited, more informed, and supportive of our Bitcoin initiative and perhaps even more informed about various roles of digital currency. The merchants are absolutely elated by the brand awareness, and I thank them for joining me on this journey. Now we look forward to the responses as the rubber meets the road.
If you find yourself in Cleveland, or traveling through on I90 or i80, consider a stop for some refreshments and retail shopping! Let the merchants know you came because of Bitcoin, even if you plan on spending cash or credit card. Reach out and I would be happy to try and meet you.
-Nikhil
www.bitcoinboulevard.us https://www.facebook.com/coinneo https://www.facebook.com/pages/Bitcoin-Boulevard-US/1406240282972163
(BTW, with Coinneo, I had no problem getting a custom FB web address when I set it up. Bitcoin Boulevard needs 25 likes until I can update the page info with a custom FB address. Whats up with that reddit?)
submitted by BTCBoulevardUS to Bitcoin [link] [comments]

Why the Boom and Bust Cycles of Bitcoin are a feature not a bug to the adoption process

Why the Boom and Bust Cycles of Bitcoin are a feature not a bug to the adoption process submitted by JoeB34 to Bitcoin [link] [comments]

Adopting Bitcoin at Nation-State level; what would that look like (both the adoption process & the end result)?

Adopting Bitcoin at Nation-State level; what would that look like (both the adoption process & the end result)? submitted by xboox to Bitcoin [link] [comments]

Bitcoin maximalists, who believe that blockchain’s very first application is the only one of value, angrily condemn those who envision a competitive process fueling cryptocurrency adoption.

https://www.aier.org/article/what-martin-luther-can-teach-us-about-bitcoin
Some quotes I found interesting:
Bitcoin maximalists who often tout free markets start sounding a lot like central planners when they posit that Bitcoin is and must be the only use of blockchain technology and the only money used across the globe.
But rather than Bitcoin, at least as we know it, a libertarian reformation of sorts would fuel innovation to create the private currency or currencies most useful for a future we can’t come close to predicting.
Rather than protecting a preselected champion, we should all be competition and innovation maximalists.
submitted by traderpat to dashpay [link] [comments]

Zelle, founded in 2016, processed more transactions in 2018 than bitcoin has done since 2009. This is what adoption looks like.

Zelle, via their press releases: 85M (Q1) + 100M (Q2) + 116M (Q3) + 135M (Q4) = 436M transactions.
... and that doesn't include Venmo, which is about the same size; doesn't include GPay either. And this is USA only, as Zelle (and Venmo) only work with US banks.
Bitcoin, which is available internationally, as of right now sits at ~425M transactions. (from blockchain.com/charts/n-transactions-total).
submitted by catlong-is-long to Buttcoin [link] [comments]

r/bitcoin facepalm! With 800k subscribers on r/bitcoin, bitcoin core can't even process 1 tx/day from the subscribers. Forget about spreading adoption to rest of the world.

bitcoin facepalm! With 800k subscribers on bitcoin, bitcoin core can't even process 1 tx/day from the subscribers. Forget about spreading adoption to rest of the world. submitted by hunk_quark to btc [link] [comments]

PwC is expanding auditing services to include verification crypto asset ownership and to bring risk-management and process controls expected by traditional finance companies. https://buff.ly/2LmXGT1 #pwc #audit #institutions #adoption #legitimacy #trust #controls #bitcoin

submitted by balance_now to balance_now [link] [comments]

Why the Boom and Bust Cycles of Bitcoin are a feature not a bug to the adoption process

Why the Boom and Bust Cycles of Bitcoin are a feature not a bug to the adoption process submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Why the Boom and Bust Cycles of Bitcoin are a feature not a bug to the adoption process

Why the Boom and Bust Cycles of Bitcoin are a feature not a bug to the adoption process submitted by cryptoallbot to cryptoall [link] [comments]

Cryptocurrency has been globally adopted and used, but have you found the right crypto processing platform? From the dev team of the 1st bitcoin provably fair casino and 1st security audited SaaS for crypto exchange

submitted by cjaygamz004 to CryptoLGBTQ [link] [comments]

Cryptocurrency has been globally adopted and used, but have you found the right crypto processing platform? From the dev team of the 1st bitcoin provably fair casino and 1st security audited SaaS for crypto exchange

submitted by cjaygamz00 to CryptoAsiaIco [link] [comments]

Cryptocurrency has been globally adopted and used, but have you found the right crypto processing platform? From the dev team of the 1st bitcoin provably fair casino and 1st security audited SaaS for crypto exchange

submitted by cjaygamz002 to CryptoAsiaSea [link] [comments]

[WP] The adoption was slow. The process grueling. But you've bidded your time and you've waited and waited until the whole economy of the world was dependent on your invention. Then you pressed the nuclear button. That's right - you're the man behind all of Bitcoin.

submitted by BlueAdmir to WritingPrompts [link] [comments]

COO of Bitcoin payment processing giant, BitPay, explained that he believes increasing institutional adoption and crypto products from companies like Bakkt, Fidelity, and Square, will help drive the next bullish cycle in the cryptocurrency markets.

submitted by stevieyongieg to CryptoCurrency [link] [comments]

this was the adoption i was waiting for - recieving affiliate comissions (work) and send to btc - https://www.epacash.com/process /r/Bitcoin

this was the adoption i was waiting for - recieving affiliate comissions (work) and send to btc - https://www.epacash.com/process /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

r/bitcoin facepalm! With 800k subscribers on r/bitcoin, bitcoin core can't even process 1 tx/day from the subscribers. Forget about spreading adoption to rest of the world.

bitcoin facepalm! With 800k subscribers on bitcoin, bitcoin core can't even process 1 tx/day from the subscribers. Forget about spreading adoption to rest of the world. submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Square refuses to process transactions dealing with firearms/ammo - Possibly opens up a new niche for Bitcoin adoption

Square refuses to process transactions dealing with firearms/ammo - Possibly opens up a new niche for Bitcoin adoption submitted by fixthetracking to Bitcoin [link] [comments]

@MarketWatch: Processing just three to five transactions per second won’t help bitcoin’s adoption. But THIS could: https://t.co/0YSLFDlcPW

@MarketWatch: Processing just three to five transactions per second won’t help bitcoin’s adoption. But THIS could: https://t.co/0YSLFDlcPW submitted by -en- to newsbotMARKET [link] [comments]

Expect a major boost to Bitcoin adoption as payment processing gateway CoinGate announces Lightning Network support… https://t.co/2FIpvjn5TP - Crypto Insider Info - Whales's

Posted at: September 6, 2018 at 07:49AM
By:
Expect a major boost to Bitcoin adoption as payment processing gateway CoinGate announces Lightning Network support… https://t.co/2FIpvjn5TP
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submitted by cryptotradingbot to cryptobots [link] [comments]

The Truth About Bitcoin Adoption & The Future of Finance Silent Bitcoin institutional adoption is here, 1 less US tax? Canada & custody, central banks, MWC! The Bitcoin Family - YouTube I Bought A Website Domain With Bitcoin! (Bitcoin Adoption Challenge #3) Bitcoin - Finding the Critical Path to Mass Adoption

Bitcoin’s mass adoption process has already started. Institutional and regulatory interest confirms that the new phenomenon is going mainstream. On-chain data supports the theory that BTC’s popularity is growing. Bitcoin was created in response to the Financial crisis of 2008 and developed within a narrow circle of computer geeks, coders, and libertarians fixated on personal freedom ... Bitcoin's mass adoption process has already started. Institutional and regulatory interest confirms that the new phenomenon is going mainstream. On-chain data supports the theory that BTC's ... Bitcoin and other cryptocurrencies may have been designed to replace and serve as an alternative to fiat currencies, but that idea has not quite lived up to its promise. Yet. Taking a handful of ... Bitcoin Adoption by Country. Bitcoin market penetration is an important part of the development of the cryptocurrency industry. There are a lot of blockchain-related projects that have aims to provide Bitcoin and cryptocurrency education and popularize their use. The mass adoption of the digital coin is in its early stages and is not being performed widely, yet. The Bitcoin network has been around for over a decade now. So, is it living up to its big promises of disrupting the way we do finance? Unfortunately, Bitcoin still isn’t the widespread standard international currency that many hoped it would be and the behavior of BTC price is still quite unpredictable. But, it is making solid progress around the globe and gaining adoption.

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The Truth About Bitcoin Adoption & The Future of Finance

Yet again, Adriaan is following through on his Bitcoin Adoption Challenge promise of purchasing some sort of product/service (not crypto-related) using Bitcoin every month! In this month #3, he is ... Finding the Critical Path to Mass Adoption - Consensus 2015 Merchant processing was once thought to be the way bitcoin and other digital currencies gained traction among consumers on the high street. Tael, is a small cap coin, that has transitioned from a start-up to a full blown operational company with adoption. When it comes to Altcoins, few have actual consumer adoption. Getting their ... In every society, there are specific segments of the population that try a new product or adopt a new behavior at different stages. Early adopters are quick ... Roger Ver and the bitcoin.com recently visited all the top exchanges in Korea to talk about Bitcoin cash. Huobi, Coinnest and multiple bitcoin meetups were on the list. As you can see from the ...

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