Bitcoin yen

GoCoin’s Altcoin Processing Grows with Teslas, Litecoins, and Dogecoins

A fast growing component of the digital currency space are providers of merchant payment processing solutions. These firms primarily provide integrated tools for online sites to receive bitcoin payments for their goods and services,which can either be held in digital form or instantly converted to fiat currency; thus limiting price volatility risk for merchants. In addition to online solutions,several firms have also been creating physical payment terminals to be used at offline locations. Among leading companies in the space are BitPay and Coinbase which have grabbed a dominating position in the US market with clients such as Overstock.com,TigerDirect,WordPress,Gyft,and the Sacramento Kings.

Another emerging firm in digital currency payment processing sector is GoCoin. Taking a different approach to other merchant facing firms,in addition to bitcoins,GoCoin also provides solutions for accepting litecoins and dogecoins. Speaking to DC Magnates last month when GoCoin announced the launch of dogecoin payments,CEO Steve Beauregard spoke about the multi-currency approach stating “GoCoin is currency agnostic and have designed our systems in such a manner. Our systems treat USD,Euro,Bitcoin,Yen,Litecoin,Pounds and Dogecoin each as a unique currency.” Prior to launching dogecoin solutions,GoCoin had been making inroads in litecoin payments as it adopted the digital currency in January.

Following on that momentum,GoCoin has announced two new achievements for litecoins and dogecoins taking place last week. Occurring last week,GoCoin was used to process a the purchase of a Tesla S for 5447 litecoins (about $90, 000). Taking place by an anonymous buyer at Tustin,California based Benz and Beamer,according to GoCoin,the believe the purchase to be the largest of its kind conducted in litecoins. Commenting on the purchase in a public statement of the news,Benz and Beamer Delaer,Naresh Shah said “GoCoin makes it extremely easy for us to accommodate new customers looking to pay with bitcoin and other emerging digital currencies like litecoin. Their platform secures the coin exchange for cash within minutes,creating a real win/win for my dealership and my customers.”

gocoin ltc doge
Source: dcmagnates.com June 3, 2014 – 13:11

Bitcoin vs. dollars, Euros, Yen, Pounds, etc.

2013-03-30 10:10:38 by UncleTippyToast

For example, the Federal Reserve has been "stealing" my "wealth" stored in US Dollars via ZIRP and Quantitative Easing.
Before that, they were "nibbling" at my stored wealth through bothersome, yet tolerable "inflation".
They can't do that to me with Bitcoin.
With bitcoin, we can all say a big "Fuck you," to the Federal Reserve and their crooked cronies.
Taking it to an EXTREME: With bitcoin, should I need to flee from one place to another, I can just email my 'wallet' to myself. No TSA goon can detect it at the airport. No thugs can shake me down for my bitcoins at the border

To all the Bitcoin hopefuls/dreamers...

2013-04-17 12:40:18 by -

There is a set number of physical currencies in the world...the US dollar, British Pound, Canadian dollar, Japanese Yen, Euro, etc. There is an UNLIMITED number of cyber currencies in the world...bitcoins, litecoins, PPcoins, terracoins, devcoins, ixcoins, novacoins, freicoins, namecoins, etc. And those are just the ones recently created. How do you expect Bitcoin to rise above these others when the goal of currency is to be stable but Bitcoins fluctuate $50 in each direction every day and are under constant cyber attack?

When Alice sends Bob some Bitcoins...

2014-01-07 08:07:07 by -

...there are typically no, or very low transaction fees.
In general, if Alice wanted to securely send Bob some US Dollars, there would be significant transaction fees (yes, there are exceptional cases where the fee would be minimal).
Converting BTC to USD? Fees? Yes, same as converting USD to Yen or Yen to Euros.
Converting USD to stocks or stocks to USD? Yes, you'll pay fees.
Clearly, for sending wealth from one individual to another, who may be located anywhere in the world, Bitcoin has the advantage.

Gold was Bitcoin'd

2013-04-14 10:25:11 by or_Baumgartner-d

Gold was Bitcoin'd (or Baumgartner'd) as it suffered its biggest daily drop since LTRO2 on 2/29/12. The JPY rallied over 1% - its biggest rise in 7 weeks. 10Y Treasuries had their best day in 7 weeks. Macro data was absymal. But it was evident that the only thing mattered was a new high close for the Dow - as we noted 10 minutes before the close:

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