Bitcoin Adoption in Dubai

Dubai, known for the tallest building, man made structure and free standing structure – Burj Khalifa, the world’s only 7-star hotel – Burj Al Arab, and the second-largest yacht in the world “Dubai” which is owned by the sheikh. Dubai is going full steam ahead to position themselves as a Blockchain hub and centre of FinTech innovation starting with the launch of Dubai Smart City early in 2014.   “When Dubai does things, we tend to do it right.  It is true that we want to do it first, but we…

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Bitcoin Mobile Banking and the Unbanked

According to the World Economic Forum, over 2 billion people worldwide are unbanked. Financial inclusion is vital in the eradication of poverty and upliftment of communities.  Moving away from cash in developing countries can significantly drive financial inclusion and acceptance of digital vs physical cash as we recently witnessed in India. Read more about The Digital Explosion in India. Mobile internet access, banking and smart phones are changing the game for the poor as Melinda Gates states in this video below:- Mobile phone ownership in Sub-Saharan Africa is soaring in countries…

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The Blockchain and Globalization

The Blockchain is the technology behind the digital asset, Bitcoin. The Blockchain decentralized network is a public ledger that allows immutable digital transactions to be distributed but not copied. The Blockchain was invented to support Bitcoin and has been operational since the first transaction between Satoshi Nakamoto and Hal Finney on 12 January 2009 in block 170. It is an ingenious invention that is evolving as uses, not only for FinTech, are being innovated by the tech community.  Blockchain technology is revolutionary and soon consumers will be transacting on the blockchain…

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ETF approval could explode Bitcoin price

Approval of the first Bitcoin ETF is inevitable experts say, and when it does, the Bitcoin price could explode.  We are getting closer to 11 March when the Winklevoss Bitcoin Trust, filed in July 2013, gets the nod from the Securities and Exchange Commission (SEC), or will it? Once the ETF is listed, it will be opened to millions of traders who have an account as well as banks, hedge funds, pension funds, insurers… basically anyone who wishes to invest.  Every dollar invested in the ETF must be underpinned by…

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FinTech companies stepping up to the plate

Technology is racing towards us at an astounding pace.  Technology is creeping into consumer’s lives changing interactions and interfaces.  Technology is disrupting business and reshaping the financial sector. “It’s almost like the move from flip phones to smartphones; one day you didn’t see that older technology except with your grandma, and now even she has a smartphone!” Jessica Mah, CEO, co-founder and product architect of inDinero says. These banking technology changes will be broad: “The way banks behave, the way they are becoming virtual in every way, the way they are…

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Are we running out of Bitcoin?

It is all in the code – A set schedule – Capped Volume. There will only ever be 21 million Bitcoin created and by January 2018, 80% of Bitcoin will already  be mined and in circulation.   Bitcoin is the Internet of money –  a distributed, worldwide, decentralized and digital store of value. Unlike traditional currencies (FIAT) such as Dollars, Euros, Yen, or Yuan, Bitcoins are issued and managed without any central authority such as a government, company, or bank in charge of Bitcoin.  Bitcoin cannot be duplicated or forged and nobody can…

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Bitcoin compared to the Laws of Nature

Bitcoin is a new technology that has the potential to change the world. Bitcoin is disruptive, innovative financial technology. Bitcoin is the Internet of Money in the new Digital Economy. In a three part series by Mike White has compared Bitcoin and Fiat Currency to the Laws of Nature. “Although it is on the cutting edge of technology bitcoin might be more closely aligned with nature than we think. This series of 3 articles compares how bitcoin and the legacy financial systems stack up against the laws of nature.” bitcoin.com…

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Does Bitcoin drive women wild?

The quick and easy answer to this question is NO!   This is a sweeping statement as there are some women very involved in the Bitcoin ecosystem, however, there are some interesting statistics to consider when it comes to gender interest in Bitcoin.  Perhaps the fact that software developers, programmers, engineers, open source projects are male dominated and Media articles, YouTube videos on Bitcoin and the blockchain mostly compiled by men.  Bitcoin is seen as “too technical” –  this could be a lack of exposure which leads to lack of understanding….

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Mainstream Media talking Bitcoin

Mainstream Media is sitting up and taking note of Bitcoin… and talking about this revolutionary new payment system, store of value and digital asset. There are millions people across the globe who have not heard of Bitcoin as yet – the market is still tiny with a market cap that fluctuates from $13 billion upwards.  The growth potential is enormous and Bitcoin also has the potential to change the unbanked statistic of over 2 Billion adults who do not have traditional bank accounts.  The more mainstream media gets involved, the…

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What is an ETF and how will it impact the Bitcoin Price?

What is an ETF and how will it impact the Bitcoin Price? Good question… first understand what an Exchange Traded Fund is. If ETF’s are listed, this means that Bitcoin will be exposed to thousands of traders and they do not even need a Bitcoin wallet to trade! This will put a FIRE under the Bitcoin price! Are you ready? Get a FREE BITCOIN EDUCATION and keep abreast of the news by following Bit-Media Blog, Bit-Media Facebook page and the Bit-Media YouTube Channel Embrace the new Digital Economy, don’t be left behind!…

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