African Crypto Startup, Basqet Launches Payment Gateway to Enable Businesses Accept Bitcoin – Goes Live With 118 Businesses and $1.3 Million in Transaction Volume 10046

Recently, blockchain payments startup Basqet announced the launch of its cryptocurrency payments gateway which will allow businesses to accept Bitcoin and other cryptocurrencies as payment.

Basqet said it is launching a public beta and will be going live with 118 businesses already signed up to start accepting payments in Bitcoin and several other cryptocurrencies.

Prior to the launch of its beta launch, the team at Basqet also revealed that they had done about $1.3 million dollars in transactions with a handful of businesses.

According to Bunmi Eleshin, Senior Product Manager at Basqet “we are creating a missing link between people who hold cryptocurrency and businesses who want to accept crypto as a means of payment. And we are doing it without merchants having to experience a loss due to crypto’s price volatility”.

Since Bitcoin entered mainstream media there has been a lot of discussion about crypto being the evolution of money, and Basqet could take crypto adoption steps ahead as people will be able to shop and pay for services using crypto besides using it for speculation.

Although one of the biggest concerns around crypto payments is the rapid price fluctuation that crypto is known for. According to Basqet, they resolve this is by allowing merchants to accept crypto as payment and get settled in US dollars, crypto, and over 5 other local African currencies without experiencing any volatility from cryptocurrency. So when a merchant is selling a product for $20 they will always receive the equivalent value in the currency they choose regardless of crypto’s price volatility.

Cryptocurrency payment gateways like Basqet are similar to the likes of Stripe in the US as well as Flutterwave and Paystack in Africa but for crypto. They have the potential of enabling freelancers, business owners, non-governmental organizations (NGOs) and fintech to accept different cryptos as donations, payments or deposits in over 120 countries. Also, they could help cut regular transaction fees by more than 60% with zero chargebacks.

The team at Basqet also stated that for its beta-launch merchants will be able to accept cryptos including; USDT, Bitcoin, Ethereum and Litecoin with several more to be added over the next few weeks.

Merchants that sign up for Basqet’s beta launch will have 3 ways to accept crypto; payment link, payment button, and Basqet API.

In its press release, Basqet mentioned that without a website businesses can use the payment link to accept crypto payment. Adding that it only takes 10 minutes for a business to sign up generate a payment link and send it via WhatsApp, Instagram or any other channel to their customer.

About Basqet

Basqet is a fintech that is revolutionizing payments using blockchain technology. They provide African businesses with a cryptocurrency payment gateway that enables them to accept cryptocurrency payments and get settled in US Dollars and their local currency.

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The9 Appointed Cai ZhiFang as the CEO of NBTC Limited to Lead the Development of Blockchain and Cryptocurrency Business 9742

The9 Limited (Nasdaq: NCTY) (“The9”), an established Internet company, today announced the appointment of Cai Zhifang as the Chief Executive Officer of NBTC Limited (hereinafter referred to as “NBTC”), a wholly-owned subsidiary of The9, to lead the development of blockchain and cryptocurrency business in NBTC. Mr. Cai has been on board.

Mr. Cai is an early pioneer in the blockchain industry. In 2013, Mr. Cai co-founded YiBit Digital Technology Company Limited, one of the earliest integrated platforms in blockchain industry in China. In 2015, Mr. Cai served as the general manager of WeiTui Technology Limited Company, which self-operated Bitcoin mining by the purchase of AvalonMiners from Canaan. The peak hash rate managed by Mr. Cai at that time accounted for nearly 4% of the global hash rate of Bitcoin. Afterwards Mr. Cai established a strategic partnership with Canaan, responsible for assisting its customers in establishing, operating and maintaining AvalonMiners. At that time Mr. Cai managed and operated more than 300,000 AvalonMiners, with an accumulative hash rate exceeding 5,000 PH/S, accounted for nearly 5% of the global hash rate of Bitcoin at that time.

After joining the NBTC team, Mr. Cai will be responsible for leading the expansion of NBTC blockchain and cryptocurrency business, making full use of his industry experience and resources to formulate and execute NBTC’s business strategy, and to implement the cooperation between NBTC and worldwide cryptocurrency ecosystem partners with the goal to accelerate the establishment of The9’s global leadership in the cryptocurrency industry.

In January this year, The9 announced the establishment of the wholly-owned subsidiary NBTC to engage in blockchain and cryptocurrency related businesses. Immediately within two months, Bitcoin and Filecoin mining machines had been acquired as the first step to build The9’s cryptocurrencies mining business.

About The9 Limited

The9 Limited (The9) is an Internet company based in China listed on Nasdaq in 2004. The9 aims to become a diversified high-tech Internet company.

Margex Launches Globally and Announces $1,000,000 Bonus Giveaway Campaign Making Cryptocurrency Derivatives Trading More Accessible 11297

Margex announces its global launch. Along with the launch, every new client will be able to try Margex for free, with an included $100 bonus to settle trading commissions and funding fees on the platform. During the promotional campaign, Margex plans to distribute up to $1,000,000 in bonuses for a total of 10,000 users.

  • 100X scalable leverage for all of its trading pairs such as BTC, ETH, XRP, EOS, LTC, and YFI;
  • Combined liquidity of multiple liquidity aggregators, allowing for the best possible entry and exit prices;
  • AI-based Price Manipulation Protection systems, monitoring for irregularities across all trading pairs and mitigating the risk of accidental liquidations and short-squeezes;
  • Bank-grade security;
  • Scale-on-demand infrastructure, capable of handling up to 100,000 transactions per second;
  • High-Class User Interface.

Margex’s goal is to provide traders with a world-class user experience, a fair, secure, and easy-to-use trading platform with the highest class of financial technologies in the world. The platform has received a lot of positive feedback from various trading communities for the deep liquidity achieved through the combination of multiple liquidity providers, extremely fast order execution speeds, and an MP-Shield system that uses artificial intelligence to automatically detect irregularities in the trade feed submitted by liquidity pools, eliminating the risk of accidental liquidations.

Bitcoin Association appoints first China-based technical outreach specialist to increase enterprise awareness of Bitcoin SV 16486

Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV blockchain, today announces that it has appointed Aaron Zhou as its first China-based technical outreach specialist. Zhou’s hire is the latest addition to a growing team of technical and business outreach professionals within Bitcoin Association, dedicated to improving enterprise engagement and increasing awareness of the capabilities of Bitcoin SV as a data network protocol.

In his new role, Zhou will work alongside Bitcoin Association’s global team and China-based staff to engage with business, technology and government leaders across China, educating them about the benefits of building on the Bitcoin SV public ledger and the technical tools available for doing so, as well as the growing ecosystem of companies and products using its network. In addition to his role with Bitcoin Association, Zhou will also join nChain – a leading global blockchain research & development firm – as a software engineer, where he will be a part of the Bitcoin SV Infrastructure team.

Zhou makes the move to his new roles from IBM in Beijing, where he most recently worked as a Java developer and DevSecOps engineer. A long-standing, active member of the Bitcoin SV community, in his own time, Zhou has made contributions to the open-source BitSV Python library, collaborated on several Bitcoin SV application development projects, as well as conducted Bitcoin Association-sponsored workshops and webinars on blockchain technology to educate fellow developers.

The expansion of the Bitcoin Association team comes as interest and uptake of Bitcoin SV continues to grow across China and around the world. As the only blockchain protocol which adheres to creator Satoshi Nakamoto’s original design and vision for Bitcoin – both as a peer-to-peer electronic cash system and global data ledger for enterprise – Bitcoin SV is quickly becoming the enterprise network of choice for both businesses and developers. With the ability to scale unbounded and support huge volumes of transactions, in addition to its micropayment, smart contract, tokenization and data functionalities, Bitcoin SV is the only blockchain capable of serving as the world’s public data ledger for payments and enterprise data applications.

Fineqia International Provides Update on Market Activity 10818

At the request of IIROC, Fineqia International Inc. (the “Company” or “Fineqia”) (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.

Fineqia International outlines the Company’s corporate governance, culture, processes and relations by which the Company and its subsidiaries are controlled, directed and governed. Fineqia International oversees and ensures the overall success, planning and growth of the Company and all of its subsidiaries including those pertaining to the incorporation of blockchain technologies to achieve these objectives.

This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company’s control that may cause actual results or performance to differ materially from those currently anticipated in such statements.

CPH Crypto Offers Total Trading Flexibility With New Mobile App for iOS and Android 15460

Just a couple of weeks ago CPH Crypto, a leading Scandinavian deep-discount crypto exchange, announced margin trading 10x on crypto spot as its latest service. The company is proud to announce that traders can now onboard as clients and conduct all trading activities via CPH Crypto’s new mobile Trader App now available as Android and iOS platforms. The new trader app enables clients to start trading after just a couple of minutes of registration and onboarding. The CPH Crypto Trader App allows users to trade all the most popular cryptocurrencies and pairs, swiftly deposit, transfer, and withdraw bitcoin and USD anytime.

CPH Crypto’s CEO, Jan Andersen describes the recent progress, stating:

“We have come a long way in only a few months since the launch of CPH Crypto webtrader in September. Margin trading on crypto spot was successfully launched just recently, and now our apps are ready. We know that this is extremely important for our clients because it offers them total trading flexibility. They can do everything on the smartphone and use the mobile trading apps like their usual desktop trading.”

Unlimited Trading For Just 39 USD/Month

According to CPH Crypto’s philosophy, traders should only have to focus on their strategy and not on the costs when they trade. That is why CPH Crypto goes against the trend of high trading fees on the crypto market and offers a deep-discount fixed fee of only 39 USD/month for unlimited trading. Or a commission of only 0.04 pct. per transaction for single trading.

CEO Jan Andersen explains:

“In the traditional stock and FX trading market competition has driven down fees to a low level over the last decade. The same needs to happen in the crypto space, but we want it to go faster, and that’s why we launched our discount concept in September.”

Dominant Trading Platforms Up to 13X More Expensive

Recent calculations clearly document that some of the biggest crypto trading platforms are as much as 13 times more expensive for active crypto traders to use than CPH Crypto.

To obtain a complete view of a particular broker’s or exchange’s trading fees, individuals need to take both commissions and spread into consideration. Traders tend to forget the impact of the spread on the total costs, even though the spread is often where the most significant part of the total fees is hidden, especially when trading on so-called commission-free brokers or exchanges.

Typically these brokers/exchanges tend to compensate for the lack of fee on commission by heavily increasing the spread – the difference between the bid price and the sales price – enabling them to earn their margin on the spread instead. On top of this, traders should not forget that high fees on money management – like deposits and withdrawal – is also added to the total costs.

Signify Health Projects Growth with its Partners in the BPCI Advanced Program 9117

Signify Health, a leading value-based healthcare platform enabled by advanced analytics, technology and nationwide healthcare networks, today announced that its provider partners in the Center for Medicare and Medicaid Innovation (CMMI) Bundled Payment for Care Improvement Advanced (BPCI-A) program have selected a larger set of bundles to participate in for the remainder of the program (2021-2023) than they did in 2020. Signify Health’s experience and feedback from providers indicate that commitment to the program remains strong.

“The world has changed a lot since 2013 when a group of providers accepted CMMI’s invitation to try a radically different approach to better coordinate care and reduce expenditures while improving the quality of that care,” said Kyle Armbrester, Signify Health CEO. “Fast forward to today and these early pioneers are leaning in and fueling the next phase of growth with new entrants, including commercial plans and employers. Thanks to CMMI’s work to lay the foundation, we have a proven model that both government and commercial payors can use to accelerate the transformation from fee-for-service to value-based care.”

As a risk-sharing convener in the BPCI-A program, Signify Health partners with Acute Care Hospitals (ACHs) and Physician Group Practices (PGPs) to facilitate collaboration among providers sharing accountability for improving outcomes. As episodes of care continue to take hold in public and private value-based health programs, Signify anticipates the total volume of medical care managed through bundles will accelerate.

In a significant change from prior years for the remainder of the BPCI-A program, CMMI required participants to select from eight categories of care, referred to as clinical service line groupings, that each include multiple bundles. Overall, Signify’s provider partners selected more clinical bundles under the new requirement, assuming a greater amount of financial risk while ensuring that patients continue to receive high-quality care.

Once bundles are selected, Signify Health’s team works with providers to prevent adverse events, improve care quality, eliminate excess cost, and propel patient recovery homeward by applying a model that addresses patients’ holistic clinical, social, and behavioral needs. And, by providing sophisticated analytics, modeling and deep local market insights, Signify supports BPCI-A participants’ care redesign efforts to improve a patient’s care journey from hospital discharge to home.

To further inform the future of episode of care payment programs in Medicare, Signify Health recently engaged Leavitt Partners to convene an independent panel of health policy experts to offer policy recommendations that strengthen and expand these models. The recommendations emanating from this advisory process will be made publicly available in the first quarter of 2021.

“For voluntary alternative payment programs to be successful, they must attract as many participants as possible,” added Armbrester. “We believe that policies that minimize uncertainty and offer pricing stability for providers accepting financial risk are critical to the program’s continued and long-term success.”