T.Mickauskas: Bitcoinus Will Rule the Blockchain Payments in 2 Years

Global e-commerce revenues rise at around 20% annually and the pace should continue this way for at least several years to come. This year the numbers should exceed $3 trillion level when we combine all worldwide sales expectations.

Now if we look at currently absolutely astonishing increase in capitalization of cryptocurrencies, there are a few assumptions to be made. Since 2017, Bitcoin alone rose over 1400% in value it gets very tempting and obvious that more and more retail consumers going to switch to cryptocurrencies. Most of them will maintain the focus on the growth of their capital. However, a very common practice is to spend a little bit of gain on small retail purchases and the trend has only started to appear.

E-commerce continues to skyrocket

 

Online purchases in most cases compile to around 10% of all global retail sales. The number is also growing every year and the future is clear – the e-commerce will eventually dominate the market. While according to Statista, over 19% of all sales were online based in China it only adds up to around 6,7% in Japan. The numbers are projected to increase at least 15% every year.

Switching back to cryptocurrencies, it is important to note that only a tiny fraction of e-commerce companies offer payments in Bitcoin, Ethereum or any other altcoin. The overall industry of online crypto payments is far away from exceeding 1% of all transactions.

Bitcoinus is an online crypto processing company targeting this – once in a lifetime – market opportunity to expand at an incredible pace.

“Media attention to blockchain based products and specifically cryptocurrencies like Bitcoin is overwhelming. The reality, on the other hand, is that the real revolution and the switch to this form of financial freedom is yet to happen. We started Bitcoinus to help people and businesses to maximize their gains by utilizing blockchain technology. It is now or never and between the two, we chose NOW.” – Says Tomas Mickauskas, the founder of Bitcoinus.

Crypto Payments in Every E-Shop

The main idea beyond Bitcoinus is to make all types of cryptocurrencies available to retail customers wishing to buy any item online with their bank cards. Beyond the complex process of transaction lies the simplicity of two click payment.  An individual will no longer need to go through a long and exhausting process of buying cryptos, storing them safely and then sometimes losing in cases of unfortunate events or scams.

Bitcoinus will introduce the merchant reputation system where all of the online businesses will be rated according to their performance levels and transparency. Ensuring commercial trust between the two parties is the key when we speak about the immediate adoption of the technology.

Another reason why Bitcoinus will make its way to dominating the industry is its relatively low cost to any of the existing competitors. 0.5% transaction cost is what the standard package of Bicoinus payment processing will be. In comparison to any credit card processing gateway companies, the commission sometimes only adds to as little as 10% of the regular pricing. Getting 90% discount for the service clearly brings strong opportunities for cost optimization and lower prices to the end retail clients.

Financial ICOs Bring Overwhelming Returns

2017 was a year of many successful ICOs and impressive capital gains. The infrastructure of blockchain based technology for retail user is only on its way and many of the ICOs were suggesting their outlook on many industries.

When it comes to financing, there was no shortage of great success stories, some of which are worth mentioning to make a point of where the market is headed. Tezos ICO attracted over $232 million and the return on their token has already brought over 1100% rate to the contributors. The example is impressive and shows how much the community is into new promising blockchain projects.

Tezos is not alone with this level of short-term return to its supporters. Another great example could be Status which generated an even higher rate of around 1500% returns.

When we speak about financial companies, one of the most shining stars will have to be TenX. The ICO campaign claimed to simplify the everyday use of cryptocurrencies. They succeeded to attract a lot of international attention with the service and their new approach to crypto. The returns to this day amount to roughly 550%.

“Bitcoinus will deliver the much-needed infrastructure for all global online-based businesses and retail clients. Having in mind the fact that there is no industry leader as we speak it will certainly be interesting to get involved in the formation of this new market segment. We are ready to dedicate all our resources to make it to the top and I am sure we will. The need for the quality cryptocurrency processing will continue to increase at an overwhelming pace. Everyone, business or individual, will look to find the best way to pay or get paid in crypto. Bitcoinus will be exactly what they will be looking for.”– says Povilas Ruzgaila, the head of business development of Bitcoinus.

Bitcoinus ICO 

The ICO of Bitcoinus will commence on 22nd of January. All contributors will be able to get generous 47% discount on BIU tokens. Some of the best examples of future benefits are free transactions to B2B clients who will be interested in adopting the cryptocurrencies as their additional new payment method.

All individuals who will support the Bitcoinus project will also be able to get a variety of discounts while shopping at Bitcoinus retail partners’ online platforms and e-shops. BIU tokens will be traded in all major exchanges to provide the liquidity, therefore, it will create all conditions for the token to be accepted as a payment method to all Bitcoinus partners.

Bitcoinus ICO presale will offer 8M tokens 47% off the regular price, starts on 22nd of January.

Websitewww.bitcoinus.io

Subscribe to our newsletter

We are closing in on the end of the European session in the bitcoin space on Friday and the end of the week is fast approaching. This has been something of a rough week for many bitcoin traders and holders, with price maintaining a pretty substantial downside trend throughout the majority of the major sessions and only temporarily recovering from said trend on the odd occasion.

As far as executing on our intraday strategy is concerned, however, things haven’t been too bad.

All we really look for is volatility and so it doesn’t really matter that price had been declining so long as the decline brings with it breaks of key levels and subsequent sustained momentum beyond the initial break.

As we move into the session this evening, then, that’s exactly what is on our wish list. We want sustained momentum, volatility, and, only as a final addition to the list, some degree of upside reevaluation heading into the weekend.

So, with all that said, let’s get some levels in place that we can use to take advantage of this type of action as and when it plays out. As ever, take a quick look at the chart below before we get started so as to get an idea where things stand and where we are looking to jump in and out of the markets when we get the signals we are looking for.

The chart is a one-minute candlestick chart and it has our primary range overlaid in green.

As illustrated, the range we are using for tonight’s session is defined by support to the downside at 13768 and resistance to the upside at 13895.

If we see price close above resistance, we will enter long towards 14000. Conversely, a close below support will signal a short entry towards a downside target of 13250.

Charts courtesy of Trading View

BTC/USD

Bitcoin bounce from a trend line during the trading session on Friday, as well as the $13,000 level. Because of this, looks like we may get a little bit of bullish pressure, but quite frankly, it’s not until we break above the $15,000 level that I feel comfortable buying. This could end up being an opportunity to sell for another attempt at the uptrend line, but I suspect we are going to see volatility more than anything else. Monday as Martin Luther King Jr.’s birthday in America, so expect quiet trading.

 

BTC/JPY

Bitcoin has continued to drift lower over the last couple of sessions, and that looks likely to be the running theme. I think the market is going to go down to the ¥1.5 million level over the next several sessions, where it should find plenty of buyers. The volume is reasonably quiet, so I think this is a simple continuation of the overall consolidated move.

Thanks for watching, I’ll be back tomorrow.

 

Bitcoin companies are always looking to expand their presence. This is especially true for mining hardware manufacturers. Bitmain is the number one company in this particular industry right now. They recently announced a plan to set up shop in Zug, the Crypto Valley capital. An interesting decision by the Chinese company. It is evident this little part of Switzerland has attracted a lot of attention in quick succession. It may even become the European hub of all cryptocurrency activity.

Crypto Valley has quickly become a phenomenon in the cryptocurrency world. This minor part of Switzerland is very open-minded to blockchain and digital currencies. It’s also possible to pay for some public services using Bitcoin. Furthermore, the local “government” introduces a code of conduct for ICO projects not too long ago. The positive momentum just keeps trucking along in the Crypto Valley. Especially now that Bitmain has decided to open a branch in Zug as well.

Crypto Valley Welcomes Bitmain

For the Chinese manufacturer, this is not their first overseas expansion. The company has offices in various countries around the world as we speak. Adding Switzerland to this list simply makes sense at this point. More specifically, the global expansion for Bitmain means gaining a foothold in Europe as well. Right now, Crypto Valley in Switzerland is the place to be for anything cryptocurrency-related. In the long run, this new hub will allow the mining hardware manufacturer to provide better services to their customers.

Bitmain is confident their Swiss branch will play a critical role in the company’s ongoing global expansion. Although the manufacturing of devices will remain in Chinese hands, a European office helps move things along rather nicely. Zug is one of the regions with “good legal stability and friendly regulation”, according to the company. So far, Crypto Valley has made a lasting impression on the cryptocurrency industry. Whether or not other European regions will follow this example in the future, remains to be determined.

The current plan of action involves Bitmain offer a higher employment rate throughout Crypto Valley. Additionally, they want to actively communicate with self-regulatory organizations and Finma as well. For now, it remains a bit unclear what types of services the manufacturer will provide in Switzerland. Many people tend to forget they also have various software products which can be of great interest. An exciting future lies ahead for Crypto Valley and Bitmain.

The benefits of Blockchain and tokenization is finding expression in new ways as the adoption of the emerging technology continues to encroach into new spheres, disrupting existing systems and providing more efficient ways of solving existing problems.

A fundamental market determinant

App purchasing is a market that is growing significantly, especially due to its synchronized relationship with mobile technology. The Google Play Store and Apple Store are currently playing significant roles as the biggest intermediaries between developers and app consumers by providing the platform for interaction and transaction. Despite how much and for how long the public has relied on these services, there are real setbacks that have hindered the industry from operating at full potential both in terms of revenue generation and service delivery.

One key determinant of the efficient flow of services in any given marketplace is the efficiency of its transaction and payment system. A payment system that is secure, free of risks of chargeback, fraud and excess fees will always be preferred ahead of payments that do not exhibit very high levels of reliability. This is one key factor why Blockchain implementation is growing at a very fast rate within the financial and payment systems industry across the globe.

Relief for developers

Considering the above-mentioned factors, the current centralized app purchasing systems is known for its extended processes where app developers receive their payments through stores, which implies that the user pays to the stores first. But by implementing Blockchain decentralized technology, AppCoin token which is the AppCoins platform underlying cryptocurrency will enable a payment procedure where an app user will pay directly to the developer. The token is Ethereum based and its application is supported by Ethereum Smart Contract.

  • This system of in-app purchases through Blockchain using the AppCoins protocol will also enable developers to receive payments in real-time directly from the user because the smart contract implements the revenue share between the developer and the store. No exchange rates and fees, everything in real-time and in the same currency.
  • The developer will not need to trust in the store because it is the smart contract in the Blockchain that guarantees the transfer. The smart contract is open source and can be audited.
  • By the Blockchain being public and standardized, it means that the developer has to integrate the protocol API only once and it will work with all App Stores that follow the protocol. The protocol has already been adopted by Aptoide (the largest independent App Store with 200 mln users) and will be adopted soon by others.
  • Overall, as result of using the Blockchain, the revenue share can be much better for the developer: instead of 70 percent of Google Play or Apple App Store, the developer receives 85 percent with Blockchain based AppCoins protocol.

Users also benefit

Tokenization is a powerful process that is changing the online transaction ecosystem and ensuring extended liquidity, security and also enabling the decentralization of services within marketplaces. This system will not only be of benefit to developers but also users who will be relieved from paying avoidable fees and transaction charges, and also reserve the guarantee of secure and original downloads directly from developers themselves.

It is evident the term “Bitcoin” has become so much more than a designation of the world’s leading cryptocurrency. For many companies, it has also become a marketing gimmick these days. More specifically,  KFC Canada feels now is the best time to introduce a Bitcoin-related product. Their limited-time offer Bitcoin Bucket is an interesting creation in this regard. It can even be delivered to one’s doorstep in select regions.

It is important to note KFC Canada currently has no plan to accept Bitcoin payments. Nor will they embrace other cryptocurrencies until further notice. All they aim to do is get a piece of the Bitcoin hype and sell some more products. There’s nothing wrong with using popular trends for one’s own marketing purposes. In fact, it may bring some more positive exposure to Bitcoin as a whole. It is an interesting move by KFC Canada, although it remains to be seen if anyone even cares.

Free Bitcoin Marketing Courtesy of KFC Canada

With the Bitcoin Bucket, KFC Canada has created a rather interesting precedent. They are the first major fast-food chain to create a Bitcoin-themed product. Although it can’t be paid for in BTC directly, it’s still an interesting concept. The Bitcoin Bucket is not necessarily something one hasn’t seen before either. It contains chicken tenders, waffle fries, Med Side, Med Gravy and 2 Dips. All of this is presented in a convenient bucket for the price of CA$20.

For the time being, it is unclear how long this item will be available. Limited offers like these often disappear pretty quickly. There’s also the question as to whether or not KFC Canada will get a lot of orders for this bucket. Other than a marketing gimmick, there is nothing related to Bitcoin whatsoever. It may have the Bitcoin logo on the front, although that seems highly unlikely at this point. Turning Bitcoin into a marketing gimmick can be a positive move for the cryptocurrency ecosystem overall.

Sadly, the Bitcoin Bucket will not come to the rest of the world. It’s unclear why KFC Canada is the one to release such an item, though. Bitcoin hasn’t made the biggest of impacts in Canada at this point. Then again, a free marketing trend is a gift horse we shouldn’t look in the mouth. In the worst case, very little “buzz” is created because of it. The best possible scenario would see KFC Canada spark more public interest in Bitcoin. It’s a win-win situation for everyone involved, even if it’s just temporary.

It is Friday morning and it’s time to take the penultimate of our final two looks at what happened in the bitcoin price across the last 24 hours or so and how we expect things to move near 10 in an attempt to piece together a strategy that we can use to draw a profit from the market if and when things move.

As many reading will likely already be aware, it has been a pretty rough week as far as sentiment (and in turn, price action) is concerned. A range of fundamental developments have translated to some severe weakness in the markets and bitcoin doesn’t seem to have any ability to counter this dip in sentiment – at least near term.

What this has meant is that things just keep declining without any reprieve or, perhaps more accurately, without any sustainable and supportable reprieve.

Anyway, all we can do is play levels as we see them. So, let’s get some support and resistance parameters in place that we can use near-term and see if we can find a positive against the backdrop of substantial negativity.

As ever, take a quick look at the chart below before we get started so as to get an idea of where things stand and where we intend to jump in and out of the markets if and when we see things move.

The chart is a one-minute candlestick chart and it has our primary range overlaid in green.

As the chart shows, the range we are looking at for the session today comes in as defined by support to the downside at 13328 and resistance to the upside at 13535.

If we see price close below support, we will enter short towards an immediate downside target of 13250.

conversely, looking the other way, if price closes above resistance, we will enter long towards 13650.

Chart courtesy of Trading View

Kentucky Fried Chicken (KFC), the beloved US-based fried chicken chain, has started to accept bitcoin from its customers.

KFC’s Bitcoin Campaign

For a limited period of time, KFC is selling a bucket of fried chicken for $20 presented in a bitcoin-themed container demonstrating the price of the fried chicken bucket at the time of the sale. For instance, at the time of reporting, $20 is equivalent to $0.0011204, and upon the request of a delivery, KFC embeds the amount of bitcoin equivalent to the price of the bucket of fried chicken onto the container.

While KFC Canada does not intend to integrate bitcoin as a permanent and long-term payment method as of current, the company has introduced its bitcoin campaign to address the rapidly increasing demand for bitcoin and the cryptocurrency market in general.

The strategy of KFC Canada to implement a unique campaign involving one of the fastest evolving technologies and forms of money in bitcoin has been massively successful, as the company obtained significant mainstream exposure from the media and social media platforms such as Facebook and Twitter.

Throughout the limited offering of bitcoin-themed fried chicken buckets, KFC consumers can utilize BitPay’s payment processing service to purchase the signature KFC fried chicken with bitcoin.

In total, the bitcoin-themed bucket of fried chicken costs just over $27, including the $20 price of the bucket itself, taxes, and shipping fee. Inclusive of bitcoin transaction fees, which are averaging at around $5 on major blockchain wallet platforms like Blockchain and Trezor, the KFC bitcoin-themed fried chicken bucket costs over $30.

Given the current state of the Bitcoin network and its underlying scalability issues, it will be difficult for any large-scale commercial fast food chain to accept bitcoin as a payment method. But, in the future, the integration of second-layer solutions could allow restaurants to enable bitcoin payments, if transaction fees can drop below $1.

Second-layer and off-chain scaling solutions including Lightning and Ethereum’s Plasma are capable of processing near-instant payments with significantly low fees. As such, in the long-term, fast food conglomerates like KFC accepting cryptocurrencies as major payment methods is a possibility.

McDonald’s and OmiseGo

In late 2017, McDonald’s Thailand partnered with OmiseGo, the Ethereum blockchain-based payment processing platform, to process payments of McDonald’s online orders using the immutable blockchain network of Ethereum.

Already, McDonald’s Thailand is processing large volumes of credit card payments on the OmiseGo blockchain network. The integration of McDonald’s Thailand of OmiseGo enables the company to seamlessly integrate cryptocurrency payment methods, if the company decides to address the growing adoption of bitcoin, Ethereum, and other digital currencies.

“The consumer’s experience begins right when they place the order online, and payments is a critical component of that experience. Offering highly secure, seamless payment options across all platforms and devices is key to delivering a seamless experience for McDonald’s customers.” said Jun Hasegawa, CEO & Founder of Omise.

The adoption and integration of blockchain technology by fast food chains like KFC and McDonald’s will drastically increase the awareness of millennials in bitcoin and cryptocurrencies, which have evolved into a major asset class.

Key Points

  • Bitcoin gold price declined recently and it traded as low as $199.83 against the US Dollar.
  • There is a major bearish trend line forming with resistance at $228 on the hourly chart of BTG/USD (data feed from Bitfinex).
  • The pair is now in the bearish zone below $230 and the 100 hourly simple moving average.

Bitcoin gold price declined towards $200 against the US Dollar. BTG/USD is currently showing a lot of negative signs and is below the $230 resistance.

Bitcoin Gold Price Upside Hurdle

There were continuing declines in bitcoin gold price below the $240 support against the US Dollar. The price extended its recent decline and moved below the $220 and $210 support levels. It even attempted a break below the $200 level and formed a low at $199.83. Later, it managed to recover slightly and it moved back above the $200 level. It also succeeded in breaking the 23.6% Fib retracement level of the last drop from the $246 high to $199 low.

However, there are many hurdles on the upside such as the $220 level. It is the 50% Fib retracement level of the last drop from the $246 high to $199 low. Above the $220-222 level, the next major resistance is around the $230 level and the 100 hourly simple moving average. There is also a major bearish trend line forming with resistance at $228 on the hourly chart of BTG/USD. Therefore, it seems like there is a key resistance area forming near $220-230 levels.

Bitcoin Gold Price Technical Analysis BTG USD

If the pair corrects higher from the current levels, it may face sellers near $220-230. On the downside, a break and close below $200 could escalate bearish pressure in the short term.

Looking at the technical indicators:

Hourly MACD – The MACD for BTG/USD is slightly placed in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is still below the 50 level.

Major Support Level – $200

Major Resistance Level – $230

 

Charts courtesy – Trading View, Bitfinex

Key Highlights

  • Ripple price remained in a bearish trend and it traded below the $1.60 support against the US Dollar.
  • This week’s highlighted major bearish trend line with current resistance at $1.85 is preventing upsides on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price remains at a risk of more losses as long as it is below the $1.80 level.

Ripple price declined further against the US Dollar and Bitcoin. XRP/USD tested the $1.50 level and it is currently placed in the bearish zone for more declines.

Ripple Price Decline

There was no respite for Ripple price as it extended declines below the $1.75 level against the US Dollar. The price moved down and broke the $1.60 support level as well to trade towards $1.50. A low was formed at $1.5002 and it seems like the current bearish pressure is here to stay. A tiny recovery is underway from $1.50. XRP is currently testing the 23.6% Fib retracement level of the last drop from the $2.05 high to $1.50 low.

There are many resistances on the upside near the $1.75 and $1.80 level. An initial resistance is around the 50% Fib retracement level of the last drop from the $2.05 high to $1.50 low. Moreover, this week’s highlighted major bearish trend line with current resistance at $1.85 is preventing upsides on the hourly chart of the XRP/USD pair. Therefore, there is a clear major resistance forming near $1.80. A break above the $1.80-1.85 levels is needed for buyers to take back the lost control.

Ripple Price Technical Analysis XRP USD

On the downside, the recent low of $1.50 is a decent support. XRP must hold $1.50 to avoid further declines toward $1.25 in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is currently in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is recovering from the 30 level.

Major Support Level – $1.50

Major Resistance Level – $1.85

 

Charts courtesy – Trading View, Kraken