Autor Cointelegraph By Ezra Reguerra

BBTV launches crypto payment solution for media monetization

BBTV launches crypto payment solution for media monetization

Uverejnil používateľ | jan 13, 2022 |

Content creators on BroadbandTV Corporation (BBTV) will soon be able to get paid in crypto.BBTV recently announced Pay to Crypto, a payment solution that lets creators get paid in Bitcoin (BTC), Ether (ETH), and USD Stablecoin (USDC).  With the newly-launched solution, creators only need to choose a crypto asset and provide a compatible wallet address, and BBTV will send their earnings directly.For some creators, being paid directly in crypto is a welcome benefit. In the announcement, content creator Joseph Hogue expressed his delight, stating “Being paid directly in cryptocurrency saves me time and at a minimal charge compared to the multiple transfers from my bank to different wallets.” BBTV just launched Pay To Crypto, a premium solution to pay creators at scale in cryptocurrencies like Bitcoin, Ethereum and USD Stablecoin!#cryptocurrency #crypto #CryptoNews https://t.co/JgckNxSGZE— BBTV (@BBTV) January 12, 2022The move to integrate crypto payments is a response to creator interest, according to BBTV chairperson and CEO Shahrzad Rafati. “Creators have been really vocal about their interest in entering the Web3 revolution, and we’re very proud to lead the way,” Rafati said. The firm works with content creators of all sizes by detecting and monetizing videos uploaded by fans across platforms like YouTube. The company currently serves individuals as well as bigger companies like the NBA, Viacom and Sony Pictures.The crypto payment solution is implemented with the help of crypto trading platform Netcoins, a subsidiary of BIGG Digital Assets Inc. BIGG CEO Mark Binns also gave his two cents, “converting their payments from USD into other currencies changes the narrative of what their payments can do.”Related: Airbnb users want crypto payment options, according to CEO’s Twitter pollThis is not the first time that the firm has dabbled in the crypto space. Back in 2021, BBTV also participated in a seed round for the social nonfungible token platform Nifty’s Inc. Meanwhile, recent crypto payments adoption is not limited to publicly-traded companies like BBTV. A recent survey by Visa showed that small and mid-size businesses will also accept digital assets in 2022. Additionally, governments like Iran are also set to implement mechanisms that allow businesses to complete payments with cryptocurrencies.

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Visa survey shows that 24% of SMBs plan to accept crypto payments

Visa survey shows that 24% of SMBs plan to accept crypto payments

Uverejnil používateľ | jan 13, 2022 |

Back in 2021, a study showed that there is a high demand for cryptocurrency payment abilities among both crypto holders and non-holders. However, in the same study, 50% of participants noted that there are not enough businesses that accept crypto. This may change very soon.Almost one out of four small and mid-size businesses (SMBs) that participated in a survey by Visa said that they are planning to accept payments in cryptos like Bitcoin. In the same study, 73% of respondents stated that accepting new forms of digital payment options is a key factor that will affect business growth in 2022.2,250 small business owners located in nine countries including the UAE, Hong Kong, the United States, and Canada participated in the study. Among these respondents, 82% said they plan to implement a form of digital payment option in 2022. The survey also included a consumer section where 1,500 adults across nine markets participated. In this section, more than half of the respondents expressed that they are expecting to go completely cashless within 10 years. 41% also indicated that customers had abandoned a purchase in physical stores where digital payments were not available. Related: Wall Street financial advisor LionTree explores crypto paymentsThe demand for crypto payments is not limited to small businesses. In a recent Twitter poll by Airbnb CEO Brian Chesky, users expressed that they want the option to pay in crypto when booking at Airbnb. While the majority of businesses are still figuring out crypto payments, a restaurant in Florida already went all in. Crypto-themed restaurant Crypto Street accepts payments in all digital assets including meme coins and “shitcoins.” 

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Wiki contributors want to drop crypto donations over environmental concerns

Wiki contributors want to drop crypto donations over environmental concerns

Uverejnil používateľ | jan 12, 2022 |

Back in 2019, the Wikimedia Foundation started accepting crypto donations through Bitpay, but three years later, the nonprofit organization behind Wikipedia is facing pressure from contributors to disable the option over environmental concerns.A proposal submitted by Molly White (GorillaWarfare) urges the foundation to stop accepting crypto. According to White, accepting crypto does not align with Wikimedia’s commitments to making active efforts to improve environmental sustainability. White suggested that the acceptance of crypto echoes as an “endorsement of the cryptocurrency space” by Wikimedia and its members while noting that there are risks of damaging the organization’s reputation because of its continued acceptance of crypto.Discussions immediately ensued. Wiki user Gamaliel supported the proposal. “Long overdue. Accepting cryptocurrency makes a joke out of the WMF’s commitment to environmental sustainability,” they wrote.On the other hand, Wiki user ATDT says that it’s hard to believe that “continuing to accept cryptocurrency donations in 2022 is a particularly meaningful signal.” The user noted that following that train of thought, “accepting USD signals endorsement of the systems of exploitation of labor and despoliation of the natural environment that underlies global capitalism.” While there are many who oppose disabling cryptocurrency donations, they are outnumbered at the time of writing. However, the page notes that a decision will not be made based on what the majority wants. Instead, an agreement will be made depending on the merits of the arguments presented. Related: Dogecoin creator slams Mozilla for pausing crypto donations Mozilla’s decision to pause crypto donations was also cited in the discussion. Last week, Mozilla’s co-founder Jamie Zawinski publicly opposed the Mozilla Foundation’s continued acceptance of cryptocurrency donations to support their browser. After seeing a tweet that reminded users that the platform is accepting crypto, Zawinski urged the company to stop its association with “planet-incinerating Ponzi grifters.”

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FTX founder urges regulators to create a unified crypto framework

FTX founder urges regulators to create a unified crypto framework

Uverejnil používateľ | jan 11, 2022 |

Sam Bankman-Fried, the founder and CEO of crypto exchange FTX, reportedly called out regulators to create a single framework for digital assets in the Asian Financial Forum, an event organized by Hong Kong’s government to highlight new opportunities within the region’s economic landscape.The businessman pointed out that instead of focusing on determining whether assets are securities or not, regulators must focus on consolidating the regulations and creating a rule book on crypto.Bankman-Fried also noted that a framework that focuses on disclosure and the prevention of fraud may be more important than labeling assets as securities or not. While the FTX CEO didn’t specify which regulatory bodies he was calling out, many regulators worldwide are focused on classifying whether tokens are securities or not. However, he is convinced that this will not protect investors. Additionally, the crypto billionaire also highlighted how there are regulatory frameworks for other asset classes, noting that the same should be done for digital assets. This is not the first time that the young exchange founder engaged with regulators. Back in December 2021, Bankman-Fried along with other executives from prominent crypto firms were called to attend a committee hearing, where they urged US regulators to provide regulatory clarity on digital assets. Related: EU regulator calls for public input on DLT for trading and settlementMeanwhile, many experts expect major advancements in regulatory standards in 2022. In a Cointelegraph survey, Hatu Sheikh, co-founder and chief strategy officer of DAO Maker said that regulators “realize the industry is maturing and currently is even too big to have a blanket ban imposed.” Sheikh also mentioned that regulations are necessary while restrictions are not. In the same survey, EasyFi Network CEO Ankitt Gaur said that decentralized finance (DeFi) may be a focus of regulations in 2021. “DeFi is slowly making its way toward the mainstream, conversations around regulation are emerging,” Gaur said.

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FTC issues public warning about new crypto ATM scam

FTC issues public warning about new crypto ATM scam

Uverejnil používateľ | jan 11, 2022 |

The United States Federal Trade Commission published an alert of a new version of a scam involving cryptocurrencies. The scam has three key components, an impersonator, a QR code and a crypto ATM where the victims will be directed to send money.According to the FTC, fraudsters pretend to be public officials, law enforcement agents or employees of local utility companies. The imposters also utilize dating apps and pretend to be potential romantic partners or call victims to announce that you’ve won a prize.No matter how it starts, it always ends up with the scammer asking for money. If the user falls for the spiel, the scammer tells them to withdraw some cash and go to a crypto ATM. After that, they ask to purchase crypto through the ATM. Here, the QR code comes into play. They share the QR code of their wallet address with the victim. Because of this, once the victim scans the code, the purchased crypto assets would transfer to the fraudster’s account.Cristina Miranda from FTC’s the Division of Consumer and Business Education explained: “Here’s the main thing to know: nobody from the government, law enforcement, utility company or prize promoter will ever tell you to pay them with cryptocurrency. If someone does, it’s a scam, every time.”Related: CertiK identifies Arbix Finance as a rug pull, warns users to steer clear Meanwhile, a crypto crime report shows that in 2021, $7.7 billion worth of crypto was stolen from scam victims worldwide. The number reveals an 81% increase in comparison to 2020.

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