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Bithumb Aims to Bring P2P Cryptocurrency Payments to Social Media

Bithumb is a powerful cryptocurrency entity in South Korea as of right now. The company has made a lot of positive headlines, and they will continue to expand their reach as well. A new venture has been announced which involves a P2P payment platform for social media. It’s an interesting concept well worth paying attention to.

Bithumb Continues to Evolve

Getting cryptocurrencies into the hands of more people will always be a big challenge. This is the case in part because so many people hold ill will toward cryptocurrencies. Addressing that situation requires innovative measures by industry-leading companies. Bithumb seemingly has the right idea, as their new venture sounds pretty appealing.

South Korean sources report that Bithumb plans to launch a peer-to-peer payments platform for social media. This venture will seemingly relate to both social networks as well as blogs, which should get a lot more people excited about Bitcoin and altcoins moving forward. We haven’t seen cryptocurrency make the best impact when it comes to social media.

In fact, most social media giants are taking an aggressive stance toward cryptocurrencies. Both Facebook and Twitter made this pretty clear by banning crypto-related advertisements on their platforms. Even so, there are still plenty of options left to explore, as companies such as Pinterest and Instagram are still open-minded as of right now.

With the new P2P payment platform, Bithumb is heading in an interesting direction. The South Korean company acknowledges cryptocurrencies need to continue making inroads, even though doing so will not be all that easy. How their new platform will try to tackle this area without getting banned in short order remains to be seen.

The company also announced another interesting piece of news. It appears Bithumb has signed a strategic partnership with Wincube. Although that company is not necessarily well-known outside of South Korea, they offer mobile vouchers from hundreds of brands. Bithumb will now help them sell these vouchers in exchange for cryptocurrency payments, which brings a new use case to Bitcoin and other currencies.

Whether or not either of these plans will bring more positive attention to cryptocurrency remains to be determined. It is certainly a positive development for the industry as a whole, although these efforts will most likely remain limited to South Korea for the time being. On an international level, we need more of these efforts, but they will not necessarily come about anytime soon.

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As the launch of the Aidos Kuneen (ADK) network comes closer, the Madrid-based company is offering any credible top 20 crypto exchange a five percent share in its upcoming bank network for a more honest and transparent experience. Disclosure: This is a Sponsored Article ADK to Bring Forth a Safer Crypto Environment While many centralized exchanges have brought recognition of cryptocurrency to new users across the globe, many are criticized for their lack of transparency when it comes to holding customer funds. In a market where exchange hacks are common and result in massive losses, ADK is looking for any crypto exchange wanting to do something about this. The project already owns 16 percent of shares of Kenya-based Sumac Bank, as well as 23 percent in a Tanzanian Bank. ADK will soon also launch an EU-based bank to not only compliment their growing network of banks but to also offer remote accounting opening and debit card services. In step two of its platform implementation, ADK will focus on making transactions faster and more secure. Thanks to a recent upgrade in core software, proof-of-work transactions clear in under three seconds, even on mobile devices. Once the AKshuffle upgrade is introduced, transactions will be harder to track as they will be shuffled and mixed before being sent. The underlying network is based on a directed mesh network using I2P to anonymize user identities from prying eyes. AKshuffle touts keeping its users 100 percent invisible and untraceable. ADK’s founder, Ricardo Badoer, said that: “Since its launch in June 2017, the ADK project prides itself as one the few credible in the industry not to have conducted neither an ICO nor airdrops or pay for unnecessary hypes. Rather, it has been positioning itself to be the go-to platform for, among other things, offshore banking which projection says will produce more than 90 percent of crypto value in the next decade.” Offshore Deposits to Account For 90 Percent of Crypto Market Value This 90 percent statistic comes from research done by independent equity research provider, Satis Group, with the studies published by Bloomberg. If the study is accurate, the crypto market is expected to have a market capitalization of $3.6 trillion USD by the year 2028. The amount of money that is flowing in from offshore deposits is expected to begin rising as quickly as within the next year or two, due to increasingly uncertain global factors. In comparison, the entire crypto market is currently worth around $205 billion USD, so this would mean the market would have to grow by 18 times in the next ten years. This includes increasing capital restraints by various governments, preventing investors from moving money outside of a citizens own borders. Devaluation of fiat currencies, typically through hyperinflation as seen in unstable countries like Venezuela, will also be a contributing factor. To learn more about the project, visit Aidos Kuneen’s website here. For technical details and to take a look at their code, check out their GitHub. For their white paper, check out the document here. To view them on AidosMarketWatch, check out their page here. For social media updates, follow them on Twitter. The post Aidos Kuneen (ADK) Offers Five Percent Of Its Bank Network To Any Top 20 Crypto Exchange appeared first on NullTX.

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