Bitcoin

Harnessing Sustainability and Compliance: An Inside Look at Bitcoin Additional and Quantum Exchange

Published

1 year ago

July 4, 2023

Welcome to an exclusive interview with Doni and Ilmari, the minds behind two new entrants in the cryptocurrency space: Bitcoin Additional and Quantum Exchange. They believe in a future where sustainability, inclusivity, and decentralization go hand in hand with cryptocurrency technology.

Bitcoin Additional is not your regular Bitcoin spinoff. Although its price aligns with Bitcoin’s, the difference lies in its use of a proof-of-stake algorithm. This approach significantly reduces energy consumption and hardware requirements, distinguishing it as an eco-friendly option in the cryptocurrency mining landscape. The potential to mine Bitcoin Additional via master nodes or cloud mining makes it more accessible and affordable. In addition, the proprietary blockchain offers superior scalability, speedier transactions, and reduced costs compared to the conventional Bitcoin network.

The Quantum Exchange or the Halal Exchange as the creators fondly refer to it, extends the inclusivity ethos further. Respecting the Sharia law stipulations, this exchange does away with instruments of speculative trading and derivatives which are traditionally seen as unpermissible for Muslim investors. This thoughtful approach allows adherents of Sharia law to safely invest in the world of cryptocurrencies.

Discussing the environmentally-conscious mining technique, Doni explains that Bitcoin Additional coins can be mined by simply staking existing ones. The process can be carried out via their mobile wallet or PC application, even directly through their exchange. Notably, the entry barrier is kept minimal, requiring an investment as low as 0.001 Bitcoin, which equates to about $28. This accessibility, coupled with a promising annual return of up to 30 percent, opens doors for anyone to begin their cryptocurrency investment journey.

Bitcoin Additional’s innovative features extend to transactions as well. A noteworthy addition is a shake-to-pay feature, where cryptocurrency can be transferred simply by shaking your phone near your friend’s device. It’s a playful and user-friendly solution that diminishes the complexities usually associated with cryptocurrency transactions.

With headquarters based in Slovakia, the company primarily focuses on the markets of Turkey, Western Europe, and the CIS. However, the platform is open to investors from around the world.

Discussing Bitcoin’s future prospects, Doni and Ilmari predict an optimistic scenario driven by the upcoming halving event. They anticipate the price of Bitcoin potentially doubling or even touching the $100,000 mark in the following year.

On the topic of meme coins, their stance is firm. They regard the meme coin frenzy as a high-risk game, akin to a casino. While it may attract investors seeking quick and substantial returns, they caution that this type of investment often enriches founders and influencers who pump these coins. Their approach leans toward traditional, long-term investment strategies.

Finally, when queried about Central Bank Digital Currencies (CBDCs), they see it as a potential step towards mass adoption of cryptocurrency. Though CBDCs might bring about a level of centralization, they see the overall endeavor as governments and major corporations attempting to integrate their systems into the decentralized framework of Bitcoin.

With their unique offerings and approach, Bitcoin Additional and Quantum Exchange are aiming to make a lasting mark on the crypto world. They are committed to simplifying cryptocurrency investments while ensuring sustainability and inclusivity. This forward-thinking approach could very well make them the pioneers of the next generation of crypto-technology.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CoinReporter.io and EUReporter.co does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Up Next

Bitcoin’s Bullish Future: Standard Chartered Forecasts $120,000 by 2024

Don't Miss

Is Terra Luna Classic on the Brink of a Major Breakthrough?

Bitcoin

Coinbase Teams Up with Apple Pay to Simplify Cryptocurrency Purchases

Published

5 days ago

December 4, 2024

Editor

In a significant stride towards mainstream adoption of cryptocurrency, Coinbase, one of the largest and most recognized crypto exchanges in the United States, has announced a partnership with Apple Pay. This collaboration marks a pivotal moment in the integration of traditional payment methods with the burgeoning world of digital currencies, making it easier than ever for consumers to enter the crypto space.

Streamlined Access to Cryptocurrency

The integration of Apple Pay into Coinbase’s Onramp platform means that users can now purchase cryptocurrencies like Bitcoin, Ethereum, and others using Apple’s payment service directly within third-party apps. This move is aimed at simplifying what has historically been a complex process of converting fiat currency into crypto. Coinbase Onramp, formerly known as Coinbase Pay, now supports Apple Pay, offering an almost instantaneous method for users to fund their crypto purchases. This is particularly beneficial for those new to the crypto ecosystem, reducing the barriers to entry by eliminating the need for multiple exchanges or lengthy KYC (Know Your Customer) procedures.

A Leap Towards Mainstream Adoption

This partnership signifies more than just a technical integration; it’s a clear signal of cryptocurrency gaining legitimacy in the eyes of major corporations. With Apple Pay boasting approximately 640 million active users worldwide, and over 90% of retailers in the U.S. accepting it, this integration could potentially expose millions to the world of cryptocurrency. The move also comes at a time when the crypto market is experiencing renewed interest, with Bitcoin nearing $100,000, fueled by pro-crypto sentiments from incoming political administrations.

Benefits for Developers and Users

For app developers, this integration is seamless. Those already using Coinbase Onramp don’t need to take any extra steps; Apple Pay will automatically appear as an option for eligible purchases. This is particularly advantageous for developers of blockchain and crypto-focused apps, who can now offer their users a familiar and trusted payment method. Users benefit from a faster, more secure, and straightforward payment process. The convenience of using Apple Pay for crypto transactions is expected to encourage more frequent and less cumbersome trading activities.

The Broader Impact

The collaboration could serve as a catalyst for other tech and financial giants to explore similar integrations, potentially leading to a broader acceptance of cryptocurrencies in everyday transactions. However, it’s important to note that while Apple Pay can now be used for buying crypto, it does not yet support selling or converting crypto back into fiat through this method, showing that while the integration is innovative, it’s a step in what might be a longer journey towards full crypto-fiat interoperability.

Conclusion

Coinbase’s partnership with Apple Pay is a testament to the evolving landscape of digital finance where traditional and new-age technologies are merging to create more accessible, secure, and efficient financial systems. As cryptocurrencies continue to gain traction, such integrations could play a crucial role in normalizing digital assets within the mainstream economy. This development not only underscores Coinbase’s commitment to enhancing user experience but also reflects Apple’s nuanced shift towards embracing the crypto industry, potentially foreshadowing further innovations in this space.

This integration is not just about simplifying transactions; it’s about shaping the future of how we interact with money, blending the security and convenience of established payment methods with the innovation of blockchain technology.