Category Archives: Cryptocurrency

EB72 Sin Jones: Cryptocurrency Regulation Update: Uk, Isle Of Man, California, Bitlicense
Support the show, consider donating: 3HqLKkYSjzx6zmPN6jFt2R9XYw5BpooPjX (http://bit.ly/1bxn7fA) When one is busy driving a technological and societal revolution forward, complying with ...

By: Epicenter Bitcoin

The rest is here:
EB72 Sin Jones: Cryptocurrency Regulation Update: Uk, Isle Of Man, California, Bitlicense - Video

A digital-currency company thinks it can protect the personal information used to perform identity checks in the financial industry.

Companies built around Bitcoin and other digital currencies mostly focus on storing and transferring money. But at least one company is trying to prove that some of the underlying technology can have a much wider impact on the financial industry.

That startup, Ripple, has already had some success persuading banks to use its cryptocash to speed up money transfers made in any currency, especially across borders (see 50 Smartest Companies 2014: Ripple Labs). Now it is building a system that uses some similar cryptographic tricks to improve the way financial companies check the identity of their customers. The system could also provide a more secure way to log in to other online services.

Verifying identity is a constant, expensive headache for financial institutions, which are bound by strict regulations designed to curtail money laundering and support for blacklisted organizations such as terrorist groups. Most banks turn to one of a handful of large data brokers, such as Experian or Acxiom, to power their ID checks. When you open a new account, a bank gathers key personal information and sends it to its broker to verify your identity, and to confirm that you arent on any block list.

Under Ripples system, the same basic process would take place. However, your personal information would be used to generate a unique cryptographic token. A bank could send the token to a data broker that has its own token, made using your personal information at an earlier time. The math underpinning Ripples system would allow the broker to confirm that the data you had given the bank was correct, without either the bank or the broker ever revealing the data itself.

Apples mobile payment technology uses similar technology to protect credit card numbers (see 10 Breakthrough Technologies 2015: Apple Pay). When you use Apple Pay, only a cryptographic token representing your credit card number is transferred to the merchant. That token can be used to charge your card, but it wont reveal anything to anyone who manages to steal it, and it cannot be reused.

Stefan Thomas, chief technology officer of Ripple, says its ID verification system should reduce the risk that personal data will be stolen or accidentally leaked and should also be faster than the systems used today, which have developed gradually over decades and still use outdated technology. He says Ripple decided to develop the technology after it became clear that the financial system needed more than just new ways to transfer money.

Thomas adds that by cutting costs and security risks, Ripples system might allow cheaper data brokers to emerge. It could also make it easier for banks to operate in poorer parts of the world, where verification systems can be particularly expensive to operate, even for U.S. banks, he says. And Ripples engineers are also working on ways their protocol can be used to log in to online services.

Sarah Jane Hughes, a law professor at Indiana University who specializes in payment systems, says Ripple has identified a legitimate opportunity. Companies spend a lot on complying with identity verification rules, and mistakes are expensive, she says. For example, PayPal agreed to pay $7.7 million to the U.S. Treasury last week for failing to block just under 500 transactions involving people subject to U.S. sanctions. If you could do verification more rapidly and with a greater degree of certainty, it would be hugely valuable, says Hughes.

However, Hughes says, switching to a new system would not be easy for most financial institutions. They would probably have to retain the old system for some time for compatibility reasons. That means Ripples idea would have to deliver significant benefits to gain traction.

Read more:
Ripple, a Cryptocurrency Company, Wants to Rewire Bank Authentication

BitCoin (Vlads advice on CryptoCurrency)
Good Afternoon Vlad. I wondered what insight you may have in on the subject of crypto-currency BitCoin.It seems fascinating and i #39;m definitely looking to buy some coin bits, do you trade with...

By: Goat Tube

More:
BitCoin (Vlads advice on CryptoCurrency) - Video

SoulConfiscator 008 Bitcoin CryptoCurrency Cat VideoMix BlockChain Innovation Andreas Antonopoulos
http://www.twitter.com/VanosEnigmA http://www.facebook.com/VanosEnigma http://www.twitter.com/CryptoEEV Thank you mucho meow for your donation: Bitcoin Address: 1FJ9ZZcnKqhiiYWNhbpBaqy9QQHTBSmsP8 ...

By: VanosEnigmA Enigmaisland

Read the original here:
SoulConfiscator 008 Bitcoin CryptoCurrency Cat VideoMix BlockChain Innovation Andreas Antonopoulos - Video

OneCoin GLOBAL Trend Cryptocurrency 1 . A powerful Opportunity
A powerful Opportunity - https://www.onecoin.eu/signup/slavagold OneCoin provides a once in a lifetime opportunity, revolutionizing the business world of todays digital economy. The OneCoin...

By: A powerful Opportunity work FOR YOU

The rest is here:
OneCoin GLOBAL Trend Cryptocurrency 1 . A powerful Opportunity - Video

Cryptocurrency a Rough Overview
Cryptocurrency Basics want to find out where your coin is able to be traded and its value look here: In Depth: http://www.cryptocoincharts.info/ Easy to use: https://www.cryptonator.com/...

By: doctorkayne

See the rest here:
Cryptocurrency a Rough Overview - Video

EB71 Lisa Cheng - Token Sales And Crowdfunding In The Cryptocurrency Space
Support the show, consider donating: 3B9A9LPxu4VACuobjcqqQBGEng4YseW8SB (http://bit.ly/1CJK4GE) Creating a new token and selling it to fund the development of software has become a ...

By: Epicenter Bitcoin

View original post here:
EB71 Lisa Cheng - Token Sales And Crowdfunding In The Cryptocurrency Space - Video

myddrn: Cryptocurrency Laundering Theory for Fun and Retirement
The overlay is incorrect for the first half of the video, this is Old Gregg (myddrn) Sometimes Old Gregg just gets tired of it all. Tired of the shoes. Tired of the baileys. Tired of flashing...

By: CarolinaConVideos

More here:
myddrn: Cryptocurrency Laundering Theory for Fun and Retirement - Video

Boston, MA (PRWEB) March 24, 2015

New Hampshire-based e-commerce company Ziftr today announced the launch of ziftrPAY, a one-stop cryptocurrency/credit card payment platform and customer loyalty program.

The benefits of ziftrPAY include the following:

As part of ziftrPAYs customer loyalty program, all merchants will receive free ziftrCOIN digital coupons to give to their shoppers to incentivize them to use cryptocurrency, a low-cost, low-risk alternative to credit cards. When spent within Ziftrs network of ziftrPAY merchants, each ziftrCOIN will have a minimum redemption value of $1.

ziftrPAY is more than just a payment platform, its also a customer loyalty program, said Bob Wilkins, CEO of Ziftr. The Ziftr team has been developing e-commerce products for over six years now, so we have a solid understanding of what merchants want and need. We know they need ways to incentivize customers and establish brand loyalty, and the ziftrCOIN digital coupons are there to help them do just that.

Along with the launch of the ziftrPAY website, Ziftr is working to onboard the first group of ziftrPAY merchants, with the goal of reaching a critical mass of ziftrPAY merchants in time for Black Friday/Cyber Monday 2015.

Ziftrs ultimate goal is to bring cryptocurrency into the mainstream by making it easy for consumers to spend and easy for merchants to accept. ziftrPAY is one component of this strategy, along with ziftrCOIN, ziftrWALLET, and ziftrSHOP.

Merchants that are interested in learning more about ziftrPAY can visit http://www.ziftrPAY.com for more information.

About Ziftr

Established in 2008 and based in Milford, New Hampshire, Ziftr is revolutionizing the online shopping experience by bringing cryptocurrency into the mainstream for both consumers and merchants. To accomplish this goal, Ziftr has developed the following tools and applications: ziftrCOIN, a digital coin that functions like a coupon; ziftrPAY, a one-stop cryptocurrency/credit card payment platform and customer loyalty program; ziftrWALLET, a multicoin digital wallet; and ziftrSHOP, a worldwide online marketplace where consumers will be able to conduct transactions using credit cards and cryptocurrency.

Read the original here:
Ziftr Launches ziftrPAY, a Cryptocurrency Payment Platform and Customer Loyalty Program

Aurum Gold Coin The new cryptocurrency
OneCoin is not a copy of a BITCOIN. It is new generation of cryptic currency. https://www.onecoin.eu/signup/maxden You can find same, proven qualities from OneCoin that BITCOIN have, but there...

By: Igor Pascal

See more here:
Aurum Gold Coin The new cryptocurrency - Video