Steam drops Bitcoin support

Washington-base game developer and distribution company Valve will cease to accept Bitcoin as a valid payment method on Steam due to high transaction fees but. The outfit may re-evaluate in the future.

In a blog post today, Valve said “Steam will no longer support Bitcoin as a payment method on our platform due to high fees and volatility in the value of Bitcoin.”

When the firm started accepting Bitcoin sometime ago the network transaction fees was roughly $0.20, in recent days this has reached around $20 making the purchase of games extremely expensive.

Back in April 2016 Valve partnered with BitPay to utilise their payment gateway enabling customers to pay in Bitcoin. They hoped it would provide a fast, cheap and alternative solution for emerging markets such as China, India and Brazil with no risk of chargeback fraud that comes with card payments. Fast forward today it has become the complete opposite in terms of the currency becoming an overly expensive method of payment.

Valve are stating they have no control over transaction fees due to BitPay automatically presetting them when generating invoices, which are automatically adjusted depending on network congestion.

“When checking out on Steam, a customer will transfer x amount of Bitcoin for the cost of the game, plus y amount of Bitcoin to cover the transaction fee charged by the Bitcoin network,” the company said. “The value of Bitcoin is only guaranteed for a certain period of time so if the transaction doesn’t complete within that window of time, then the amount of Bitcoin needed to cover the transaction can fluctuate considerably. This value has been increasing significantly.”

“At this point, it has become untenable to support Bitcoin as a payment option,” Valve said. “We may re-evaluate whether Bitcoin makes sense for us and for the Steam community at a later date.”

Valve added support for Steam purchases with bitcoin in 2016 as part of a partnership with company Bitpay.

In the last few months alone Blockchain technology has rapidly advanced with newer technologies, Valve may look into Ethereum which would offer a faster checkout process.

Old money meets new: Revolut merges mobile banking with crypto trading

London-based mobile banking outfit Revolut is merging traditional day-to-day fiat spending with digital currencies, enabling customers to buy, sell, trade and hold cryptocurrencies including Ethereum, Litecoin and Bitcoin in 130 currencies in what the firm claims to be a world first.

Aiming to fill the void between digital currencies and old money, customers who have an debit card attached to their Revolut account can purchase goods in real time and have the funds deducted from their accounts in fiat or crypto. More importantly small transactions such as paying for groceries at the supermarket, parking etc are encouraged and work seamlessly at very reasonable rates.

Now, spending Bitcoin with a debit card is nothing new, firms such as Xapo, CEX and CryptoPay have been providing this for some time. The key difference with Revolut is that customers are now be able to tap into extremely low exchange rates resulting in ‘fee-free’ transactions with real exchange rates in over 130 currencies.

Revolut also removes the inconsistencies associated with Bitcoin/ fiat conversions which can be time consuming and expensive, particularly when the exchange is operating in other jurisdictions. These exchanges charge anywhere from 5 percent to 10 percent per transaction whilst Revolut offers a fixed fee of just 1.5 percent.

Revolut’s platform launch comes as Bitcoin continues to blow past ATH’s like $10,000, fight for its legitimacy in the eyes of mainstream users and governments and prepares for futures trading this month. With the Commodity Futures Trading Commission (CFTC) approving Bitcoin futures, cryptocurrencies has grown up considerably since their less stellar dark web days and with services like Revolut now available are ready for mass adoption.

“Despite being one of the hottest trends in the world right now, getting exposure to cryptocurrency has notoriously been time-consuming and expensive,” Storonsky writes.

Nikolay Storonsky, the CEO of Revolut said at this years Techcrunch Disrupt conference in Berlin that users will be able to access the new cryptocurrency trading features on the app from this Thursday.

The company has an excellent track record when it comes to saving customers millions on foreign exchange fees, citing more than $160 million in customer savings since launch. The app is currently servicing over 1,000,000 users in Europe and is growing exponentially and now the company ready to roll out its mobile banking to the masses.

trade.io Announces Historic Partnerships & Introduces Tiered Structure Further To Community Demand

01 December 2017, Zug Switzerland. Highly anticipated upcoming ICO trade.io has made three major announcements this week, which have strengthened its positioning as one of the leading ICOs to invest in, for 2017.

The company has launched an historic partnership with The University Of Nicosia.

Two post-doctoral seats, funded by trade.io will focus on advanced research in Distributed Ledger Technology (DLT).  The research will have a specific focus on side-chains and cross-chain interoperability, as well as smart token corporate governance best practices and implementation.

trade.io has partnered with HitBTC.

HitBTC is one of the largest cryptocurrency exchanges, exceeding upwards of half a billion in daily volume, and operating since 2014. Once listed on the HitBTC exchange, the Trade Token (listed as TIO) will trade against the counters Bitcoin (BCT) and Ethereum (ETH).

The company has introduced a four-part tiered pricing structure

Further to overwhelming demand from the community a tiered pricing structure is now in place:

7-14 December: 1 ETH = 900 Trade Tokens

14-21 December: 1 ETH = 800 Trade Tokens

21-28 December: 1 ETH = 700 Trade Tokens

28 December – 4 January: 1 ETH = 600 Trade Tokens

On this, CEO Jim Preissler commented: “Our community has spoken. You have been asking us to extend the low Trade Token price for the ICO.  The strength of trade.io lies in our community, your voice acts as a directing force for strategic decisions.  With this in mind, our board has agreed to extend the low pricing by adding a tiered structure, giving early movers a bigger incentive to contribute and also to allow more time for such contributions”

Crypto broker LH-Crypto has collected $2,500,000 during the pre-ICO

 

Today has started the ICO of the project LH-Crypto, the first Forex broker that will work fully on the cryptocurrency. During the Pre-ICO was collected $ 2 555 426 and was determined the price of the token LHC and it is $0.128.

According to the mechanism of the sale of the tokens, every week the tokens LHC will become more expensive – so on the ICO  the price of the token was $0.1352 (5% higher than  pre-sale price). During the second week of the sale the price of the token will increase in comparison with the pre-ICO by 10%, during the third by 15%, and finally in the last week of sale by 21%. Thus, the company motivates investors to invest at an earlier stage. However, in the case of the crypto-broker it is really beneficial as early investors participate in the program Early Bird. Here, as elsewhere, those who buy tokens at the beginning pay less and those who buy in the end – pay more, that’s just the smart contract is set up so that with higher prices in the next step the difference is divided between the early participants.

All the project investors receive a guarantee of return of the token at +20% annually: if the tokens’ value will not be equal to “nominal + 20%”, the company will pay the missing funds into personal account of investors. This amount can be used for trade or immediately withdrawn.

And the main thing of the project is the monthly income which receive holders from operating activities. Regular crediting of funds to client’s personal account with a debit card on the brokerage account carries a high commission, but the transfer of cryptocurrencies doesn’t have such a cost. That’s why the company has decided to save 5% monthly from all incoming payments and at the end of the month to transfer them to the holders of the tokens.

LH-Crypto is  the project of the company Larson & Holz  which is broker with a 13 years of history. Why has a successful international broker decided to enter the cryptocurrency market? First of all, it will allow to solve the problem of mutual settlements with other countries, primarily with China, India, Arab countries, where the currency legislation considerably differs from the European one. Second, the “hype” around cryptocurrency is attracting to the market new and new people. Individuals who are interested in increasing their capital and in speculating. It expands the client base. Thirdly, the use of cryptocurrencies allows to avoid the territorial and legal constraints, including lengthy and complex process for obtaining licenses, and the limits of financial regulators will not have such a large value. And finally, the use of cryptocurrency helps to reduce transaction costs in 6 times up to 1%, which will attract more people.

To participate in the ICO LH-Crypto: https://lh-crypto.io

 

Introducing ‘petro’ – A new oil-backed cryptocurrency being launched by Venezuela

In a daring attempt to boost Venezuela’s economy, the country’s president Nicolas Maduro has announced the introduction of a new cryptocurrency which will be backed-up by Venezuela’s oil reserves.

The currency, which is imaginatively called ‘petro’, was announced by the left-leaning leader on Sunday with an emphatic statement of “the 21st century has arrived.”

Critics may point to the lack of specifics in regard to how this cryptocurrency will function, but nonetheless, President Maduro was adamant that it will be a success during this televised statement.

During the broadcast, he added that “Venezuela will create a cryptocurrency” which will be backed by their natural reserves of oil, gas, gold and diamonds.

The president also referred to the US-led sanctions currently in place and how petro will help his country “make financial transactions and overcome the financial blockade.”

The announcement wasn’t met with universal acclaim however, with political opposition stating that such an act will have to overcome copious amounts of red tape before it becomes official.

oil gas
The “petro,” a cryptocurrency backed by oil, gas, gold, and diamond reserves.

This move further indicates that the sanctions towards Maduro’s government that were put in place by Pres. Trump’s administration earlier this year are hurting Venezuela’s economy. Those moves from the USA include sanctions on officials from the country, PDVSA executives and Venezuela’s debt issuance.

The bolivar, which is the current currency in the country, is at a weak point and the country is struggling to move money through international banks.

Optimism regarding President Maduro’s move has been muted, for many reasons, including his poor economic record.

The bolivar has been on a constant slide as of late, with government controls and the over printing of currency leading to a depreciation rate against the dollar of almost 60 per cent during the last month.

Poverty stricken natives aren’t overly positive about this announcement either, as many think that Maduro’s decisions are creating a complete economic bust.

Economist and opposition lawmaker Angel Alvarado told Reuters that his opinion of the president does not amount to much, adding: “It’s Maduro being a clown. This has no credibility.”

Fellow opposition lawmaker Jose Guerra added to the dissenting voices, telling Reuters that he can’t envisage any future for the cryptocurrency.

However, President Maduro has stated that he is trying his utmost to fight for his country in a monetary “war”.

The recent surge in other digital currency’s value (especially Bitcoin) have without a doubt influenced Maduro’s decision to make this move. Relations between Venezuela and the USA will most likely to continue to be tense, as Maduro looks for alternatives to boost his country’s economy.

Block Asset Management launches world’s first crypto fund of funds

Block Asset Management has launched what is recognised as the world’s first cryptocurrency and blockchain ‘fund of funds’.

Led by Manuel E De Luque Muntaner and Kevin Ballard, the firm was founded earlier this year. The team of financial experts contribute over 100 years of experience in a variety of banking, asset, fund and compliance industries.

The fund offers investors hassle free investment across a highly sought after portfolio of cryptocurrencies and blockchain projects which are strategically chosen and have a combined AUM exceeding $500m.

“After a year of global market research, we realised that interest in the blockchain/crypto space is extremely high”, said founder and COO, Kevin Ballard.

“We knew that many funds exist in the crypto space, but most would clearly not pass any comprehensive, serious due diligence. However, relying on Block Asset Management’s team, we successfully completed months of extensive analysis of dozens of funds and eventually approved the best funds for inclusion in our fund”, said De Luque Muntaner, Block Asset Management’s CEO.

Investor demand in combination with early stage adoption of blockchain technology is what Block Asset Managment believe will dramatically increase its portfolios value.

The Fund’s management company, Block Asset Management S.à.r.l., is domiciled in Luxembourg and registered with the Commission de Surveillance du Secteur Financier (CSSF).

Top ERC20 token projects to invest in right now

Six interesting ERC20 projects to invest in right now

In the last few months our editorial team have been flooded with pitches from a variety of token based startups. We’ve read white papers on everything from blatant scams through to fairytale ideas and everything in between.

As an investor it can be hard to cut through all this clutter and find the next big token, especially one that will make a good return on your investment. This is getting considerably harder with scammers becoming more creative when their marketing techniques and ideas.

That said every so often we do come across innovative blockchain projects that genuinely fix a problem and are set to revolutionise their respective industry.

Our team have researched six promising ERC20 tokens backed startups we think will make great investments.

HelloGold

hellogold logoHelloGold is not a Blockchain firm you might be familiar with, despite the company raising just over 17,000 Ether in a token sale earlier this year.

The project aims to simplify the purchase and management of Gold through a smartphone app for low to medium income customers based in poorer parts of the world.

Built on the Ethereum blockchain the project helps do what traditional gold investing cannot – it provides greater transparency and security for gold owners and verifies the amount of gold being held by each person whilst cross-checking with daily gold list custodians who physically store the gold in a fully insured vault in Singapore.

Why is this important? It means every gram of gold only has one owner and is completely traceable.

HelloGold have already delivered on many fronts. Their app is already available to download on Google Play and gold purchase trails are already unddrway in Malaysia.

They have also recently partnered with blockchain startup Aeon credit who have agreed to provide financing to customers at competitive rates.

It’s the first certified Shariah compliant online gold platform in the world, during the token sale they attracted investment from heavyweight venture-capital firm Fenbushi Capital with Bo Shen from the firm also joining the advisory board.

As for the team it includes CEO Robin Lee who is the former CFO of the World Gold Council with a strong background in financial roles.

Roger Ward also has vast experience working in the gold industry, having most recently worked at the World Gold Council developing strategy and managing complex projects in London. Other team members have come from roles at the Royal Bank Scotland Group, Wolff Olins PLC, AEON Group and Wykeen Seet was the VP at Bangkok Bank in Thailand.
At the time of writing one HelloGold (HGT) costs $0.008512, making it a bargain.
It is currently trading on EtherDelta, HitBTC and Coss.

https://www.hellogold.com/

Cindicator

cindicator logoCindicator is a decentralised analytics platform powered by ‘hybrid’ intelligence. The project raised a cool 55,569 Ether in the token sale earlier this year with over 4,000 participants.

Cindicator uses the wisdom of the crowd to determine answers to market changes. By aggregating opinions from a wide range of forecasters in different countries with different professional backgrounds, personal experience etc the platform can accurately quantify and provide accurate predictions when hedging trades.

The team behind Cindicator is what makes it a very promising token to watch. Names include Charlie Shrem COO at Jaxx, who is also a founder of the Bitcoin Foundation, Anthony Diiorio Founder at Jaxx and Ethereum, Marcus Killick Chairman of the Gibraltar Stock Exchange, Evan Cheng Director of Engineering at Facebook, Anton Govor head of strategy at Moscow Exchange, CFO and co-founder of changelly Konstantin Gladych.

The current price of one CND token is a steal at $0.016822. Trading is taking place on both HitBTC and Mercatox.

https://cindicator.com/

VeChain

vechain logoEstablished two years ago in Singapore VeChain is a product management platform built on the Ethereum Blockchain. They aim to revolutionise how products are processed through the supply chain by simplifying how manufacturers manage, collect and share data with vendors and consumers.

VeChain is already making waves by securing some very promising partnerships. Recently they were accepted into an incubation program launched by accounting giant PricewaterhouseCoopers (PwC). They have also partnered with the world’s largest freight company, Kuehne & Nagel. The firm has a yearly revenue of around $21 billion. VeChain will help smartify parcels with chips linked to data held on the Blockchain to make tracking, managing and global collaboration more efficient.

VEN token is currently trading on Binance, Liqui, HitBtc, Coss, OpenLedger DEX, Kucoin and EtherDelta at $0.25 per token.

https://www.vechain.com/

Tronix

tronix tron logoBeijing-based blockchain startup TRON is a protocol for the global digital entertainment industry. It provides developers with the infrastructure for app development and smart networks which in layman’s terms means TRON is developing a worldwide free content entertainment system built on the blockchain which will enable users to publish, store and own media in a decentralised manner.

Tron’s founder Justin Sun is no stranger to the entertainment industry and was named in Forbe’s China 2015, 30 under 30.

He was also a former Chief Representative at Ripple and has since turned Peiwo, a streaming app into the leading live-streaming app in China. He will also bring the apps 10 million active userbase into the TRON ecosystem giving the project a solid user base from the get go.

Other members of the team include Jihan WU, CEO of Bitmain, Shuoji Zhou, partner of FBG Capital, Chaoyong Wang and founder of ChinaEquity Group.

The price of one TRX is currently $0.001956 and can be purchased on Binance, Liqui, Gatecoin, Mercatox, HitBtc and EtherDelta.

https://tronlab.com/

Request Network

request.network logoFin-tech firm Request Network has made waves in the last couple of months when it raised a cool $33,600,000 in their initial coin offering. Unlike many Blockchain firms they were actually founded in 2015 and started receiving support very early on from ING bank. Request Network aims to become a decentralised network for payment requests allowing businesses or anyone for that matter to request monies from just about anywhere. It is looking to position itself as a payment provider like paypal, stripe etc with one of its main uses being invoice management on a distributed ledger.

Notably Request Network was the first ICO to be incubated by the well known American-based seed accelerator YCombinator.

Not only is Request Network utilising the Ethereum Blockchain but also other technologies including Civic, Aragon and 0x. The team behind Request Network also have great experience in the finance industry having founded money transfer service Moneytis. Gilles Fedak co-founder of iEx.ec also sites on the advisory board.

As blockchain starts being implemented into mainstream services it is crucial that tools and services are available to simplify and automate migration from traditional billing and invoicing systems through to blockchain based approaches. We Request.Network will be that bridge.

Request Network is trading at $0.054420 per REQ token on Binance, Kucoin, Liqui, Gate.io, EtherDelta, Mercatox and IDEX.

https://request.network/

Utrust

utrust logoSimilar to Request.Network and dubbed the “payments platform of the future” Utrust aims to take the benefits of PayPal and weave them in to Blockchain technology to create the ultimate online payment gateway that will protect buyers with mediation and sellers.

Utrust is a member of the Crypto Valley Association and is also supported by the Swiss government.
The team behind Utrust come from a variety of backgrounds including finance, banking, UX and cyber security.

The price of one Utrust token is just 6.5 cents through the crowdsale and is expected to be trading on EtherDelta very soon.

https://utrust.io/

Bitcoin surges to record high after developers halt SegWit2x proposal

  • Bitcoin was scheduled to upgrade mid November following SegWit2x proposal
  • Major bitcoin developers dropped their support for the upgrade
  • Developers behind SegWit2x announced today they are calling off plans

The Bitcoin block size increase has been suspended after the organisers behind the scaling proposal called off the attempt earlier today.

The news surged Bitcoin to a record high of $7737 with altcoins also seeing a rise in price.

segwit2x bitcoin

Mike Belshe, the CEO of BitGo who was one of the leaders of the SegWit2x proposal announced today that the proceeding could divide the Bitcoin community and set back its growth.

“Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin’s growth. This was never the goal of Segwit2x.”

You can read the full email here.

Segwit2x gained early support from startups and mining pools who seeked to increase the block size this month.

The email was also signed by other notable figures pushing for Swgwit2x – Mike Belshe, Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith and Erik
Voorhees.

Although the increase has been halted for now, the group aims to increase the block size at a later date with more support.

Did you miss the news as it broke? Monitor the Bitcoin news as it happens using our real-time app.

Interview with HelloGold CEO Robin Lee: Bringing Blockchain and Gold to millions of people across Asia.

Robin Lee CEO Hello Gold

Hello Gold is a Shariah compliant gold investment app that allows anyone to buy and sell Gold hassle free. Its built on the Ethereum Blockchain with an aim to help the millions of low to medium income people from emerging countries save in Gold as apposed to their unstable local currency.

We spoke with Robin Lee, the CEO of HelloGold(former CFO of the World Gold Council) to find out more since the successful token sale which raised 17,149 ETH.


Can you briefly explain what HelloGold is?

“The amount of money in a person’s wallet should not be a barrier to his ability to access financial products that the rich enjoy. HelloGold wants to remove affordability and accessibility from the equation through the democratisation and digitisation of financial saving and loan products using real assets starting with gold” Robin Lee CEO HelloGold.

HelloGold has created an easy way for mass market customers to preserve their wealth by buying gold through a secure mobile app

How do customers purchase Gold, do they have to buy HelloGold tokens? Or only in RM1?

HelloGold is currently only available in the Malaysian market – we have plans to expand in 2018. For our customers, there are 2 ways to buy gold:

HelloGold app customers can log in and buy gold 24/7 once they have cleared the KYC process and topped up the app with cash using online banking. Prices track global market spot price and are updated every 5 minutes throughout the day. App customers can buy from as little as RM1. Customers buy, store and sell the gold which is physically vaulted down in Singapore. They can also gift the gold to another account holder, have the gold physically delivered or take a collateralised loan against the gold.

For people that are comfortable using crypto currency, HelloGold has recently launched our gold-backed token (GBT). Each GBT is fully backed by 1g of PAMP 99.99% investment grade gold vaulted in Singapore. GBTs will be available for purchase directly from HelloGold over the next few months to enable us to gauge demand

Why is Blockchain technology needed for buying Gold? What benefits does it provide to the consumer?

HelloGold uses blockchain technology to provide 3 benefits:

Transparency

By publishing the smart contracts and incorporating a blockchain explorer (transaction navigator), it will be possible to review the full list of anonymised transactions and calculate the amount of gold that HelloGold is holding on behalf of customers. This, in turn, can be compared not only to the amount of gold published in the customer gold list (anonymised) but also against the records managed by our custodian.

Security

HelloGold has incorporated several security mechanisms to protect customer accounts. All connections are encrypted using HTTPS. Internal API calls between the core components are secured with additional secret keys and firewall rules that limit interactions between trusted systems. For external facing APIs, for example APIs used by our mobile application, the API calls are further secured with a combination of industry standard OAUTH and secure tokens for each mobile device. The addition of a distributed record adds a further level of security from internal and external attempts to alter account data without leaving an audit trail. The smart contracts are being developed with best practices in mind following constant review of public audit documents. This should ensure that customer accounts are true and accurate.

Access

In addition, the Ethereum smart contracts enable HelloGold to create GBT, tradeable on any exchange which accepts them.With HGF’s gold-backed token everyone will only need the equivalent of a fraction of a dollar to save through gold (GBT works to 18dp). This will make the HelloGold platform available to everyone anywhere in the world

Do you think HelloGold will change how we buy gold in the future?

We are only at the start of our journey to impact the lives of the underserved and unbanked in emerging economies. Since our public launch in April, HelloGold has changed the way for over 4,000 customers when it comes to wealth preservation by providing a modern, convenient and cost efficient access to gold.

We have ambitious plans to expand the use of the product with both new partners and into new markets, to change how more people are able to access affordable financial products that were previously only accessible to the wealthy

Can you share any future plans or partnerships ?

We outlined our expansion plans in the whitepaper that we wrote for the recent token sale, full details can be found there.

In short, HelloGold plans to expand into new geographic markets, specifically Thailand, China, Indonesia and Philippines plus expand the product with new features/technology, asset classes (eg silver/platinum), partners which will enable us to serve new customer segments.

We are also increasingly approached by potential partners in other regions like the Middle East, Eastern Europe and Central Asia as well as Africa to consider expansion into those markets.

Who’s your target market for the app?

The ultimate customers of HelloGold’s platform, are those are not well served by their existing financial institutions and the unbanked. Financial institutions already provide a variety of easy ways for the high net worth and mass affluent market segments to invest in assets like gold so that they can diversify risks at the portfolio level but they do not enable the less affluent customer the same access. HelloGold targets two key market segments: the consuming middle class and the emerging middle class. In ASEAN and China alone, these two groups comprise 55% of the total labour force of 814m people. They saved approx. $505b in 2016, of which we estimate that $212b was in cash deposits.

Why are you running HelloGold on the Ethereum Blockchain over other similar technologies ?

HelloGold is using Ethereum as it is currently the most widely accepted platform that offers all the benefits of a blockchain (full traceability, non-repudiability etc.) and multiple source language implementations that encourage integration. Ethereum will handle only the parts needing consensus, transparency and accountability. Other services will continue to be provided using existing technology.

HelloGold needs a transactional blockchain with a powerful system of smart contracts which have the ability to ensure that a transaction can combine with the results of previous transactions to provide auditable consistent results. To date, Ethereum is the only stable system that has achieved widespread adoption. The decades of experience of our senior development team tell us to avoid anything experimental to run a live system.

Will you be expanding into other metals such as Silver?

Yes. We intend to create other real asset-backed tokens over the next 12 months.

What are you looking forward to in the blockchain space in 2018?

In HelloGold we are looking forward to moving our app backend onto the Ethereum network to provide our customers with greater security and transparency over their gold holding.

HelloGold intends to add different real asset backed tokens and providing more support to entities which support the twin objectives of 1) increasing mass market use of blockchain technology and 2) democratising access for the underserved and unbanked to financial products through the digitisation of these products.

Overall, we think that the blockchain space will continue to develop and mature through 2018. If the pace of change is as rapid as 2017, the industry will be significantly different at this time next year

HelloGold App Google Play:

https://play.google.com/store/apps/details?id=com.hellogold.app&hl=en

HelloGold App Store:

https://itunes.apple.com/my/app/hellogold/id1193095204

How many Bitcoins for a Pizza? Papa John’s now accepting Bitcoin

Pizza delivery restaurant chain Papa John’s now offers customers the option to pay using Bitcoin at their Manchester City Centre store.

The American based company operates as a franchise so it’s not yet clear if other franchisees are rolling out the new payment method but this is definitely a promising start.

This isn’t the first time Papa John’s and pizza made the headlines, back in 2010 a developer named Laszlo Hanyecz purchased two Pizzas in exchange for 10,000 Bitcoins which was worth just $25 at the time but at todays exchange rate $70 million dollars!

The price of one Bitcoin is now around $7,000 or £5411.

If you fancy paying for your next Margarita in Bitcoin then head down to Papa John’s on Oxford Street, Manchester, M1 5AN.

papa johns bitcoin manchester
Credit Source: Twocanpocket