Online Transactions

Published on October 3rd, 2015 | by neteller


The LHV Bank has signed up with Coinbase to introduce Biticoin transactions in its 13 countries

The digital world is buzzing in excitement about biticoins and a common customer would be under the impression that the amount of transactions undertaken over the years would huge and extensive in nature. However, in reality around 31 million transactions have been undertaken and each transaction has been documented in the ledger. The ledger would reveal the fact that 25 million addresses have been used in these transactions. However, another surprise fact is that only 2.5 million biticoin accounts are currently active. Keeping this above scenario in mind, let us discuss how biticoin is expanding its presence today in a major way.

Coinbase to introduce Biticoin transactionsThe addition of the Biticoin-Deposit feature by Neteller

Neteller one of the premium companies in the world of online payment systems followed a policy of not allowing virtual money transactions to take place in its various online transactions. However the company policy was changed when they accepted the Biticoin deposit feature.

The Expansion of Anycoin to 14 Countries

The impact of this decision was felt by Anycoin Direct which is an altacoin brokerage company. The company extended its services to 14 more countries which were mainly Eastern European countries. This expansion resulted due to a partnership created by TrustPay and Anycoin Direct. One of the cofounders Lennert Velemmings explained to Coin Telegraph the simple fact that by adding the TrustPay feature, biticoins transactions would be much easier in countries where it was unable earlier. adds Biticoin feature to its payment feature

The popular app added biticoin and various other brands of crypto-currency into its payment feature. As per the details shared by Coin Telegraph, spokesman explained the fact that they used the platform. This would help them to accept any virtual money and the entire integration should be completed by April. David Lieber the CEO of was very optimistic that this decision would help to bridge the various differences among various brands of virtual money and it would help local business people like brick and mortar sellers to use biticoins in their daily business transactions.

Libra Tax announced the integration of Biticoin into its suite

Libra Tax announced that it would be integrating Biticoin into its tax and accounting software. Both Libra Pro and Libra Business would recognize digital online transactions and would encourage its users to use biticoins extensively. The CFO of BitPay Bryan Krohn stated in an official release that BitPay was using high levels of regulatory and accounting standards and thus was very happy to extend this towards Libra Tax as well. This step would increase public recognition to a large extent.

DSB Bank announced the BlockChain Hacthathon

Sponsored by IBM, DSB Bank located in Singapore is undertaking the BlockChain Hacthathon. This would be held on 8th to 9th May 15 at Ayer-Rajah Crescent in Singapore and create great publicity.

Why are Americans confused with Biticoin logo?

The Digital-Currency Council has undertaken a survey in USA which revealed that the average American is confused by the Biticoin logo. Survey data indicated that 9% of the total people were puzzled with the logo, while 7% could not relate to it. Here only 5% of the survey respondents felt that it was associated with money. This just shows that they are still unaware of Biticoin and its advantages.


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One Response to The LHV Bank has signed up with Coinbase to introduce Biticoin transactions in its 13 countries

  1. This is a very good tip especially to those new to the blogosphere.
    Short but very precise info… Appreciate your
    sharing this one. A must read article!

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