Immortalize your voice on BSV: Bitok.Live review

Bitcoin SV’s massive scalability and extremely low-cost transactions have enabled developers to create the coolest applications, targeting virtually every field. One of these is Bitok.Live, an application that allows you to immortalize your voice. Sounds cool? Well, that’s because it is.

Bitok.Live allows you to easily record your voice and then store the recording on the BSV blockchain. To do this, you simply visit Bitok.Live and hit record. The site is quite easy to navigate, with the record button being clearly displayed at the top. Once you record the voice, you get to name the recording and post it to the BSV blockchain.

Publishing your recording costs you 0.0008 BSV, equivalent to less than 8 cents. This is enabled by BSV’s low fees which facilitate such microtransactions. As with many other BSV applications, Bitok.Live is connected to Money Button. The transaction fee is thus charged to your Money Button account. For those without an account, there is a link for you to sign up to the leading BSV wallet.

In those few steps, your voice is immortalized and will be available forever on the BSV blockchain.

The platform allows you to view all the voice recordings that are posted in real time. And the BSV community is taking advantage of this opportunity, posting all manner of recordings on the platforms. You’ll find voice recordings of people hailing Dr. Craig Wright for this revolutionary technology, other laughing heartily, as others play musical instruments. And why not? After all, it only costs $0.008 to ensure your voice becomes immortal.

Bitok.Live is powered by Bico.Media, a platform that allows content creators to quickly and easily write files on to the BSV blockchain. Bico.Media is quite diverse and allows you to upload all forms of media, from images to word documents. Bitok.Live, on the other hand, is limited to voice recordings.

The platform is one of the many BSV applications that are built on the ‘Earn and Spend’ model of the BSV ecosystem. Once you upload your voice recording, you can earn from other BSV users through the tipping system.

While Bitok.Live is limited to voice recordings only, it offers you a great way to interact with the BSV blockchain, make micropayments and earn in BSV for your content.

ONE Store’s Jay Lee talks changing the music industry with BSV

Apple and Google may have complete dominance in the mobile apps market the world over, but in South Korea, one platform has managed to topple them both and take over the lucrative market in one of Asia’s largest economies. Despite being quite young, ONE Store has grown aggressively in Korea, and now, it has set its sights on using the Bitcoin SV (BSV) blockchain to disrupt the music industry.

Speaking to CoinGeek during the recently held CoinGeek Seoul Conference, CEO Jay Lee explained how ONE Store has managed to compete against the big tech giants and emerged victorious. While Apple and Google charge up to 30% of the revenues raised by publishers such as game and app developers, ONE Store just charges 5%. This ensures that the publishers make much more from their work.

Lee was one of the speakers in the conference where he made one of the biggest revelations in the BSV ecosystem yet—BUSKON, a music platform that is building on the concept of online busking.

BUSKON will enable the music industry to finally get rid of the middle men who keep on exploiting the content creators and making money from the hard work of the musicians.

“P2P commerce gets rid of the middleman,” Lee explained. “So, we made a decision to start with a small project, by the name BUSKON. This is a whole new concept of music distribution. The music creator uploads their content, the customers will then listen to or watch that content and if they like it, they’ll give a token to them.”

ONE Store began working on the project in 2018, with lot of trials and errors finally culminating into the success that BUSKON is. The company also experimented with a few other blockchain platforms before finally coming to the conclusion that BSV was the best fit for the job.

We tried other blockchain projects, but finally we found that BSV can resolve all the issues we have; reliability, security and more.

This week in crypto: All the important developments in cryptocurrency space

As active as the blockchain and cryptocurrency spaces are on a continual basis, it may sometimes be difficult to keep up with everything that’s going on. It’s also difficult to separate the real news from the fluff – those pieces that are only designed to appear noteworthy but that are, in fact, just publicity campaigns. In an effort to provide crypto enthusiasts with an overview of what’s going on, here is a rundown on some of the top stories of the week.

Bitfinex and Tether have had another rough week. There was some good news, as well as bad, as the saga over their close relationship and questionable activities continues. On the one hand, Bitfinex has been told by a judge that it won’t have to turn over documents related to those activities for now. The New York Attorney General’s Office wants to know exactly what the two have been doing behind closed doors, and they’re fighting the office over its reported lack of jurisdiction. Until a request to have the case dismissed over those jurisdiction claims can be answered by a judge, Bitfinex can ignore the request.

On the other hand, though, neither of the two entities should think that it’s off the hook. While they have been given a brief reprieve in the fight with the New York government, they face a separate one with New York investors. A law firm in the state, Roche Freedman, has filed a class-action suit against Tether for its “fraudulent” stablecoin scheme. Tether’s USDT stablecoin is no longer pegged to the U.S. dollar, as it had been advertised, and the company is accused of using its position to manipulate the crypto market.

Alipay was forced to take a defensive stance this week after rumors started circulating that it was now accepting crypto payments. This would have been against the Alibaba-owned payment platform’s own rules and would, according to the company, possibly violate payment financial regulations. Alipay has a strict no-crypto policy that doesn’t permit the platform to be tied in any way to digital currencies. The announcement came after the Binance exchange stated publicly that it was now able to receive fiat payments using Alipay, via a third-party processor, which didn’t sit well with Alibaba.

The U.S. Securities and Exchange Commission (SEC) rejected yet another rule change proposal that sought to introduce a crypto-based exchange-traded fund (ETF). This one had been submitted by Bitwise Asset Management and the NYSE Arca exchange at the beginning of the year, and received the same response as have the myriad of other requests – the possibility of market manipulation prevents the SEC from signing off on the proposal. Bitwise has indicated that it might try again, but at a much later date.

On October 6, Bitcoin SV (BSV) reached a new milestone. A review of blockchain activity revealed that BSV had surpassed BTC in the total number of transactions per day. That day, BSV saw 290,000 transactions, while BTC saw 288,000. One of the biggest reasons for the increase comes from the difference in transaction fees. An average BTC transaction will set someone back around $51.42, while the average cost for a BSV transaction is just $0.31.

If there were any questions about how Bank of America (BoA) views the future of digital currency, things were just cleared up a little. BoA had long been a staunch opponent to anything having to do with crypto, but then began to seek blockchain patents and explore the fringes of the Bitcoin ecosystem. Its latest move leaves zero doubt about what is coming, as it has recently completed a recruitment action that was launched to find a Ripple expert to work in-house. The individual, according to BoA’s LinkedIn job posting, would “lead the project management team for the Ripple Project.”

Lichtenstein is still determined to be a leading financial hub, even if that hub centers on digital currency and not fiat. The country’s Parliament just approved a new Blockchain Act, which will give better protection to companies and investors, and will almost certain attract a lot of activity to the mid-Europe country.

Craig Wright talks simplified payment verification

When the Bitcoin concept was first developed, it was designed to be a peer-to-peer payment solution that would avoid constraints and restrictions tied to central bank-controlled fiat and conventional payment channels. It may have morphed since then into something a little different, at least by many cryptocurrency projects, but the core purpose of digital currency hasn’t changed. Dr. Craig Wright often writes on restoring the premise behind Bitcoin to its original form, citing examples from the Bitcoin white paper on how everything had been properly laid out right from the start. As Bitcoin SV (BSV) works to restore Bitcoin to its Genesis form, Wright has published a new article on how payments can be achieved simply, without all of the hassle that has since been integrated into blockchain transactions.

Simplified Payment Verification (SPV) was laid out in detail in the Bitcoin whitepaper. Wright had explained in that Bitcoin manual how payments could be easily verified without a full network node being needed, and says in his new paper, “Section 5 of the white paper defines nodes in Bitcoin; more critically, to be a node, you need to be mining transactions. SPV or simplified payment verification is a critical aspect of scaling Bitcoin. I thought it was rather clear and obvious when I released the white paper, but it seems that people have overlooked or misunderstood all of the different aspects.”

In a true peer-to-peer system, to which BTC and other crypto projects no longer belong, the transaction is a direct exchange between two entities, whether it be two people, a person and a business or a business and another business. A customer selects goods to purchase from a vendor, makes a payment directly to the vendor and the vendor then validates the transaction and sends it to the blockchain for clearing and settlement.

As it stands now, transactions have to be verified before being considered legitimate. That verification process typically requires six miners giving their approval of the transaction. However, this was never meant to be part of the process. Wright explains, “Users in the system are only required to maintain a copy of the block header to which they can compare transactions. At present, the block header is under 50 MB in size. Many image files can exceed such levels. A decade from now, the growth will only be linear.”

As Wright has repeatedly pointed out, Bitcoin was never designed to circumvent financial laws or procedures; it has always been meant to interact with existing structures and coexist with other payment options – at least until crypto is recognized as the next step in the economic evolutionary cycle. Just like there are steps in place with fiat transactions now to determine if there is any illicit activity, the same is possible with Bitcoin, without the need for the convoluted transaction processing that currently takes place.

Wright, as are many true Bitcoin believers, is still optimistic about Bitcoin’s future and sees a day when the realization is finally made regarding crypto’s true purpose. He asserts, “As governments, regulators, and law enforcement start to wake up and see the true design of Bitcoin, they will start to understand that it is a system that is friendly to law. It assists in the tracing of transactions, and provides a high level of privacy for the small cash like transfers whilst also being able to immutably record money laundering and crimes.”

Bitcoin SV STN single block contains over 1.5 million transactions

The Bitcoin SV (BSV) blockchain saw an unofficial stress test at the end of September that proved once again the network’s strength. In an event designed to gauge how much data could be managed in a given 24-hour period, BSV supporters completed their endeavor with outstanding results, seeing blocks that routinely surpassed 100 megabytes (MB). This is consistent with the blockchain’s goal of offering a network that can handle block sizes needed to compete with conventional payment solutions such as Visa or MasterCard. Soon after, the BSV blockchain made history, becoming the first to ever record a block that contained over 1.5 million transactions.

The founding president of the Bitcoin Association, Jimmy Nguyen, revealed the results in an email to 8BTC, stating:

The test produced a number of blocks over 100MB in size (139 MB, 128MB, 119MB, 102MB), and many other significant size blocks. Prior stress tests have shown bigger blocks (for example, an August 3 stress test from China produced a 210MB block with over 800,000 transactions and a 150MB block with over 700,000 transactions). But the September 30 stress test showed again that it is no longer unusual to see big blocks of over 100MB in size mined on BSV. This is much, much more than the 1 MB blocks on BTC, and the 32MB block cap on BCH. [In fact, it has become recently apparent that some BCH mining pools still set their block caps much lower than 32MB, such as at 2MB, and there are conflicts now between the BCH community about the block cap].

This advanced capability is reportedly beginning to attract more attention from miners. CoinGeek and SV Pool are already established BSV miners, but other entities, such as OKEx, ViaBTC, ProHashing, Mining-Dutch and Poolin, have also joined.

The reason for this is simple – miners are going to be able to make more money going forward with their BSV mining operations. Nguyen explains, “When the block reward fixed subsidy amount halves again in May 2020 (from 12.5 coins to 6.25 coins), miners need to earn more in transaction fees to remain profitable. This will become even more important in 2024, when the block reward halves another time to 3.125 coins, and so forth. Satoshi’s economic design for Bitcoin requires blocks to scale much bigger to fit large volumes of transactions, so miners in the future earn more in transaction fees to compensate for the lower block reward fixed subsidy amounts. We are explaining this important message to miners.”

The 1.5 million transaction block was pointed out by Future Bitcoin on Twitter, providing a link to the record-setting activity on the Satoshi.io block explorer. It took place on October 6 and covered a total of 1,526,001 transactions. The fee for handling over 1.5 million transactions? Just $495.5, or an average of just $0.000324 per transaction.

Bitcoin SV passes BTC in daily transaction volume

One of the biggest indicators of the success and utility of a technology has been the amount of use it gets. In the Bitcoin and Blockchain world that can be measured in several ways, but an important one is the number of transactions on any given chain. By that measure, the Bitcoin SV (BSV) blockchain has recently achieved a significant marker, passing BTC in total transactions per day.

Captured by Twitter user BitcoinHoarder, BSV passed the BTC blockchain in daily transactions on October 6, recording over 290,000 transactions in a 24 hour period, edging out BTC’s 288,000.

Using the tools available on bitinofocharts.com, BSV ranks as having the third most transactions of any cryptocurrency they track, ranking behind only XRP (915,220) and Ethereum (571,945).

A deep dive into the numbers reveals how Bitcoin SV (BSV) is able to achieve such volumes, and the answer lies in utility and usage. The average BSV transaction comes in at 0.6263 BSV ($51.42 USD) and the median comes in at 0.0038 BSV ($0.31 USD). The latter figure is nearly impossible on the BTC chain, as it typically fail to cover the transaction fee to even make a transaction.

But a transaction for less than a dollar is the norm for BSV because it has become a popular data carrier, allowing services like WeatherSV and UptimeSV to use the Metanet protocol to transmit data over the blockchain, and in turn, pay for their services with micropayments. Over time, this new data carrier service and micropayment economy will prove to be a better model for many enterprises.

As one Twitter user noted, this trend is set to continue, as more developers build on BSV, this trend is bound to continue, as new applications will increase the number of transactions, proving the massive scaling model of BSV and increasing its utility.

Those new applications may be just around the corner, as many of the presentations at the recent CoinGeek Seoul noted. Several products are due to come out soon for BSV, and with them, increase the volume on the blockchain.

Bitcoin SV passes BTC in daily transaction volume

One of the biggest indicators of the success and utility of a technology has been the amount of use it gets. In the Bitcoin and Blockchain world that can be measured in several ways, but an important one is the number of transactions on any given chain. By that measure, the Bitcoin SV (BSV) blockchain has recently achieved a significant marker, passing BTC in total transactions per day.

Captured by Twitter user BitcoinHoarder, BSV passed the BTC blockchain in daily transactions on October 6, recording over 290,000 transactions in a 24 hour period, edging out BTC’s 288,000.

Using the tools available on bitinofocharts.com, BSV ranks as having the third most transactions of any cryptocurrency they track, ranking behind only XRP (915,220) and Ethereum (571,945).

A deep dive into the numbers reveals how Bitcoin SV (BSV) is able to achieve such volumes, and the answer lies in utility and usage. The average BSV transaction comes in at 0.6263 BSV ($51.42 USD) and the median comes in at 0.0038 BSV ($0.31 USD). The latter figure is nearly impossible on the BTC chain, as it typically fail to cover the transaction fee to even make a transaction.

But a transaction for less than a dollar is the norm for BSV because it has become a popular data carrier, allowing services like WeatherSV and UptimeSV to use the Metanet protocol to transmit data over the blockchain, and in turn, pay for their services with micropayments. Over time, this new data carrier service and micropayment economy will prove to be a better model for many enterprises.

As one Twitter user noted, this trend is set to continue, as more developers build on BSV, this trend is bound to continue, as new applications will increase the number of transactions, proving the massive scaling model of BSV and increasing its utility.

Those new applications may be just around the corner, as many of the presentations at the recent CoinGeek Seoul noted. Several products are due to come out soon for BSV, and with them, increase the volume on the blockchain.

Non-musician ONE Store CEO Jay Lee will disrupt music industry with BSV

At the Le Meridien in Seoul, South Korea, CoinGeek hosted giants of the blockchain and tech industry. Among them was CEO Jay Lee of ONE Store—the most popular app store in South Korea—beating out both the Google Play Store and Apple Store. It’s on Day 2 of the CoinGeek Conference, where he announced the upcoming launch of Buskon, a music platform with the concept of busking online. Admittedly, Lee isn’t a musician and doesn’t know how to play an instrument.

“I don’t have any personal experience with music but when we see a busking musician, they have a place where you can toss in coins. Why not do it online?” he later said after his announcement.

Non-musician ONE Store CEO Jay Lee will disrupt music industry with BSV

On the morning of October 2, the very polite and soft-spoken Lee took the stage and everyone in the audience was dead silent in anticipation of his upcoming announcement. No one knows yet what platform his company has built, however, everyone knows it’s destined to disrupt any industry it is in.

Lee is fluent in Korean and English, but for this announcement, he chose to drop his big news in Korean to better express himself. Everyone made a beeline towards the translations desk to grab a device.

“Middlemen take advantage of the music market,” Lee said during his announcement. As a music creator, there’s no way to find out how much a musician profits from their creation. Lee makes a resonating statement that musicians should be paid by how much listeners are touched by their music.

Buskon is a music platform made for musicians but it will also play an integral role in Bitcoin SV’s ecosystem of earning and using. Musicians will earn from BSV donated to them by viewers who appreciate their work and, in return, will use the BSV they’ve earned on other platforms to purchase goods and services.

Non-musician ONE Store CEO Jay Lee will disrupt music industry with BSV

“Any musician can upload their video and the viewers can listen and watch without paying anything. If the user really likes the musician, they make a donation to the creator. If they don’t like it, they can move on to the next creator. That’s the whole concept. It’s more of supporting the musician,” Lee added during our interview.

After scouring for the best technology to build Buskon on and after testing out several blockchains, including Ethereum, it fell short of what they were looking for. Lee admitted that “Bitcoin SV wasn’t our first choice.”

Ethereum was the hottest blockchain at the time so they tested Buskon on it with all the features laid out. However, according to Lee, “scaling could not catch-up.” With BSV’s big blocks and low fees, it has the capability to efficiently scale.

Another reason why Lee chose BSV is its very, very low fees. It’s cheap to send secure transactions to musicians. Lee added that Etheruem’s Gas execution fees are too expensive for safe, instant transactions. He was impressed with the BSV blockchain’s split key technique and thought the idea was “genius.” Building on BSV was not only logical but also reliable because data is set in stone and immutable.

Lee added that they will embrace the post-Internet era, which is Metanet and declared that, “We want to become important partners of BSV.”

When asked about his impression of the CoinGeek Seoul Conference, he said, “I came here this morning and it was fun and very energetic. We’ve gone through many steps to research and understand, and compared (BSV) with many other blockchain projects and technology.”

Buskon is slated to launch this October.

Bitcoin SV wallet HandCash rolls out version 2.0

HandCash launched a Bitcoin SV (BSV) wallet app that was designed around a simple concept – make it easy for users to send and receive cryptocurrency. Instead of long addresses that were impossible to remember, users could register with names or their own alphabet schemes and conduct transactions with just these names. The wallet has already proven to be highly popular and extremely fast, and has continued to make improvements. Version 2.0 is now ready to be introduced after some final tweaking.

The wallet developers provided details about the changes through the official HandCash Twitter feed, explaining that the new version had been released without a huge public announcement. It subsequently decided to pull back on new migrations from the old “$handle” system as it sought to improve the customer experience, adding that it had found a bug in the UI that had made it difficult for some users to properly upgrade.

Any user who has already upgraded won’t be impacted by the temporary migratory halt, but legacy addresses are going to be disabled as the changes are made.

All HandCash users will ultimately need to upgrade to the new version. The process is simple and consists of downloading the respective version depending on whether or not Android or iOS is used, and then following a series of instructions. These include copying a migration code that can found in the beta version and entering it into HandCash 2.0. The code is specific to each user and HandCash warns that it shouldn’t be shared with anyone else.

After the new account is created, users will need to move their funds from the beta version, the original HandCash, to the new one. This can be accomplished via either a migration assistant in the beta app or by sending them from one to the other using the Bitcoin address.

HandCash 2.0 is more than just an upgrade; it’s essentially a rewritten app. As such, current backups in place for the beta version won’t work when users start to use 2.0. There also is no way to effectively migrate saved contacts, so new lists will have to be created. The $handle system on beta will be disabled after the launch of 2.0, resulting in only transactions using legacy addresses or QR codes being allowed.

It’s important to note that HandCash 2.0 won’t keep any list of $handles that had been used in the beta version. Any existing beta $handle that isn’t claimed by someone prior to November 15 will be released and be made available to someone else, so procrastination on upgrading isn’t recommended.

Buying Bitcoin SV made easier, safer with BuyBSV site

Getting ahold of Bitcoin SV (BSV) using credit cards or via bank transfer is now easier—and safer—thanks to the newly-launched BuyBSV.com platform.

The website, powered by Coinify, allows users to create an account and buy €100 ($113) worth of BSV. Upgrading their account will enable customers to buy as much as €10,000 ($11,356) worth of BSV. Users are required to have a Bitcoin SV wallet, and they can choose from any of these providers: Centbee, ElectrumSV, HandCash, MoneyButton, and RelayX.

While Bitcoin SV is regulation friendly, BuyBSV allows customers to buy immediately without the hassle of personal identification. This is applied to amounts—€100 in this case—that are below the Anti-Money Laundering threshold for Know-Your-Customer legal compliance. All accounts have a minimum €50 order for Visa or Mastercard payments.

There are three account levels: level one, which only requires customers to create an account on BuyBSV.com. Bank transfer limits are unavailable for this account level, but customers will have a €100 limit for their first order, and €300 for all succeeding orders if they’re paying via credit or debit card. Yearly limit is capped at €3,000.

To upgrade to a level two account, users will need to upload an identity document such as passport, national ID or driver’s license. Credit and debit card limits are capped at €100 for the first order, and €800 for the next orders. For payments via bank transfer, the minimum order is €100 and capped at €3,000. No annual limits for both options for level two account holders.

Customers wishing to avail of the level three BuyBSV account must complete at least €10,000 buy or sell orders. Security verification for this account will take 14 days.

Level three account holders have a €3,000 limit for daily orders paid with credit or debit cards, and €10,000 if they’re paying via bank transfer. No annual limits are set for both options.

The BuyBSV service is currently available for customers in Canada, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, and Ireland. Customers in Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, Romania, and United Kingdom can buy BSV via the web service. More countries are expected to be added soon.

BuyBSV.com is an example of why exchange delisting attacks are not effective against BSV. Utility tokens, after all, only need on- and off-ramps; they don’t need to be speculated on.

To start using the BuyBSV.com service, visit the website today.

faia-announces-brendan-lee-as-head-of-technology-for-new-bitcoin-integration-services

Faiā announces Brendan Lee as Head of Technology for new Bitcoin integration services

Singapore, Singapore, June 18, 2019 — Faiabrand Pte Ltd (“Faiā”), an up-and-coming management consultancy, with roots in blockchain community management, announced that Brendan Lee has been named as Head of Technology (Bitcoin). Mr. Lee’s work with Faiā will commence immediately as it gears up to offer Bitcoin (BSV) exclusive integration and training services for enterprises.

Mr. Lee’s career to date has been focused on increasingly senior roles within industrial design, automation, and control, focusing on software design and implementation. Most recently, Mr. Lee was the Bitcoin Engineer Lead for Tokenized Group Pty Ltd, a company responsible for the Bitcoin Tokenized protocol, which is a comprehensive, regulation-friendly solution for businesses to create tokens for real world assets on the BSV blockchain. His role there included determining best methods to integrate Tokenized protocol into Bitcoin transactions, building tools to evaluate software outputs against the protocol specification, and creating comprehensive documentation and real world examples of the Tokenized platform in use. Prior to Tokenized, Brendan was co-founder of Battery Corp., Business Development Manager for Octillion Power Systems, and Senior Engineer for Yokogawa.

faia-announces-brendan-lee-as-head-of-technology-for-new-bitcoin-integration-services
Brendan Lee (third from the right) with his previous, prize-winning Tokenized team

“We are very proud and excited to have Brendan join our team,” said George Samuels, Director of Faiabrand Pte Ltd. “He is a highly qualified expert who brings a wealth of relevant business, technical, and leadership experience. Mr. Lee has already significantly contributed to our efforts as we continue on our path to make Faiā the leading consultancy focused on bridging gaps between people and technology worldwide, especially when it comes to blockchains such as Bitcoin. To have someone like Brendan join our team is truly a blessing, so we don’t aim to take it for granted.”

Mr. Lee had this to say about joining Faiā:

“Since beginning my Bitcoin journey in mid 2017, I have strived constantly to challenge myself, and to build myself into a core member of the central Bitcoin community. Launching coinstorage.guru, building record-sized blocks with the “Satoshi Shotgun,” and working on the award-winning and groundbreaking Tokenized protocol have been major highlights of this process.”

By joining Faiā, I take the next step, cementing this aggregate knowledge into a foundation that I can use to help others build the next layer of Bitcoin. With a protocol that is set in stone, we have an opportunity to stand tall, adding weight, breadth and depth to our projects, while being able to trust that the foundation is rock solid. Moving into technical consultation is a natural fit for me and partnering with Faiā felt right from the first moment I spoke to George. I can’t wait to help everyone building on the original Bitcoin protocol to realize the full potential of their projects. Let’s set the world on Faiā!”

Mr. Lee is a graduate of the University of Queensland, with a Bachelor of Engineering, Computer Systems.

With Mr. Lee’s new appointment, Faiā is opening its doors to enterprises seeking to integrate scaleable blockchain infrastructure via Bitcoin (BSV).

About Faiabrand Pte Ltd

Faiabrand Ptd Ltd. is a management consultancy, specializing in a unique blend of Community-Centred Design (CCD) and Bitcoin integration services. Faiā was created by industry specialists, passionate about the interplay between people (communities), processes, and technology, especially when it comes to emerging technologies such as blockchain (Bitcoin).

Faiā services are focused on building professional communities, improving business productivity, and assisting companies with emerging technologies such as blockchain (Bitcoin). A trusted partner for innovative startups and progressive multinationals with personnel from Singapore, India and Australia. In the chaotic world we currently find ourselves in, our reputation is based on our loyalty to clients, quality of services, and personal integrity.

For more information, visit faiabrand.org.

Contact:
Faiabrand Pte Ltd.
media@faiacorp.com

Centbee CEO explains BSV’s real value during CoinGeek Toronto Conference 2019

Centbee CEO explains BSV’s real value at CoinGeek Toronto Conference 2019

The CoinGeek Toronto conference was bigger than many had anticipated, but showed how important Bitcoin SV (BSV) has become. Experts in cryptocurrency and blockchain technology were on hand to discuss what’s happening in the Bitcoin ecosystem and what the future holds, and one of the speakers on the main day of the conference was Lorien Gamaroff, founder and CEO of the Centbee BSV wallet. His presentation brings home the importance of BSV as a currency, showing how his company is working to ensure that it’s available for everyone, everywhere.

Centbee has its roots in South Africa, where it has become extremely popular. Gamaroff and Centbee are working to make it easier to acquire and easier to spend, working with commercial entities across not only South Africa, but the entire continent (1:34). The company has already established a number of relationships with the largest retailers in Africa, including Picknpay Hypermarket, Shoprite, Checkers, Builders Warehouse, Dion Wired, Ackermans, Pep and more.

Those relationships bring together a point-of-sale system (POS) offered by a company called Flash that allows users to purchase BSV directly through the POS or a kiosk. This is helping to facilitate BSV adoption by making it extremely easy to purchase and, ultimately, spend the cryptocurrency. With BSV’s extremely low transaction fees—fractions of a dollar compared to other crypto and fiat—it is becoming a way to pay for goods without losing income.

Centbee includes know-your-customer requirements (5:15) that meet local guidelines related to anti-money-laundering policies. Users in South Africa have to include their first and last name, as well as their ID number. In addition, BSV purchases have daily and monthly limits, in accordance with financial guidelines. Larger purchases are possible, but require users to supply more data.

During his presentation, Gamaroff included two real-world use cases, provided directly from BSV users. “Laura” and “Bill” shared their stories of why they have turned to BSV, as opposed to fiat, and how much it has improved their lives. Both are independent workers who constantly ran into trouble receiving payments for their work due to different reasons, but BSV has helped completely overcome those obstacles.

One commonality between them was the previous necessity of having to rely on bank transfers for their payments. These transfers would usually be delayed about a week or so, and result in fees being deducted from the amount as the transaction made its way from the sender to the recipient. After switching to BSV, payments are received in just a matter of minutes, and the fee is negligible—nothing more than a blip that’s hardly noticed. As Bill states, “[BSV] is the natural progression of where transactions should go.” (14:12)