Satoshi’s Vision Conference day 3 recap

Satoshi’s Vision Conference day 3 recap

As more businesses try to get into the digital currency landscape, a session on cryptocurrency investing opened the third day and last day of the Satoshi’s Vision Conference in Tokyo.

Bitcoin anthropologist Christina Storey explained the importance of good investors in this space and shared the top qualities on how to become one: indifference to other people’s opinion, skepticism, and willingness to plan for luck. Storey stressed that in investment space, you have to be willing to recognize that you are always interacting with unforeseen events that may occur to you as the investor or unto your investment vehicle. She also mentioned how people tend to become cult members of their own belief, so it’s not a bad thing to cultivate doubt when looking for an investment.

Limited access to traditional banking system and a high number of remittances from abroad have made Africa a crypto-driven market. Lorien Gamaroff, CEO and co-founder of South Africa-based Bitcoin wallet Centbee, talked about how huge the crypto market in Africa and crypto adoption in this region. He explained how his company plans to help Bitcoin Cash reach mainstream adoption through its product.

“What we’re trying to do is make the experience very much like an existing social media like WhatsApp or Twitter,” he shared. He added, “If the Bitcoin experience is exactly the same as that (using WhatsApp and Twitter), then adoption will grow a lot more.”

Coinbase Senior Engineer Josh Ellithrope had an energetic update about the integration of Bitcoin Cash in their system during his presentation. He also shared recent developments like CashAddr, whose support helped mitigate people sending funds to the wrong chain, and Buy Widget. This new product enables third party developers to embed Coinbase buy functionality into their websites and applications.

Just when you thought the conference won’t get any better, Dr. Craig Wright entered like a true rock star with Metallica’s Enter Sandman blaring in the session hall. The nChain Group chief scientist discussed Bitcoin Network Topology, and also emphasized the importance of the Bitcoin community uniting as one.

“We’re going to build Bitcoin Cash as an ecosystem. I don’t want a fragment system,” Wright said. “To be strong, it’s not that we are centralized, it is that we are a whole. To be strong, we have to be unified and united. This is what happened. This is what corrupted us. We became split. We became divided.”

Dr. Wright ended his speech with a simple and yet powerful statement, “The power of Bitcoin is within Bitcoin. The power to make it work is in us,” and was received with applause and standing ovation from the audience.

Also watch: Day 1 and Day 2 of the Satoshi’s Vision Conference

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

source: https://coingeek.com/satoshis-vision-conference-day-3-recap-video/

Japanese creator of English-teaching app launches Bitcoin Cash wallet

Japanese creator of English-teaching app launches Bitcoin Cash wallet

Japanese Bitcoin Cash (BCH) fans now have a wallet specifically made for them. The Yenom wallet, which will be available for beta testing by the end of March, will only support BCH and will have versions for both Android and iOS. It should prove to be highly successful, given the creator’s previous development projects.

The Yenom wallet is being created Tokyo-based Mikan Co. Ltd. It was founded in 2014 when it launched an application that teaches English words to the Japanese population. Since its release, the application has been downloaded more than two million times. The wallet is now accepting registrations for download and will be inviting users to participate in the beta testing.

Yenom, in case it wasn’t easy to figure out, is nothing more than “money” upside down. In its simplicity, there is a great deal of meaning to the name. According to Mikan, the name “shows the intention of ‘turning over the existing money structure’ through this service.”

While the majority of cryptocurrency trading today is born from speculation, the company believes that, soon, digital currency will become a part of our everyday lives. It feels that cryptocurrencies will be as important as “…water, electricity and the internet.”

In related news, a mobile BCH wallet was recently announced for traders in South Africa. CentBee, based in Johannesburg, anticipates launching their wallet to the mainstream in the near future. Currently, the wallet is available only for alpha testing on the Google Play store, with beta testing scheduled to begin in April. After the Android beta tests begin, the company will launch a version for iOS devices.

Centbee is a BCH payment company that was founded in 2016. According to the company’s cofounder, Angus Brown, “We provide an intuitive Bitcoin Cash mobile wallet to send and receive Bitcoin Cash easily to friends and family, and to spend at real-world merchants.” Brown developed CentBee with Lorien Gamaroff, a leading South African blockchain expert. He has addressed groups such as the International Monetary Fund, the World Bank and the U.S. Federal Bureau of Investigation on blockchain-related topics. Centbee recently signed a partnership agreement with nChain, a blockchain development company, to help grow its business.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper. Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
South African media puts the spotlight on wallet provider Centbee

South African media puts the spotlight on wallet provider Centbee

Centbee, a Bitcoin wallet provider that aims to make global payments straightforward and easy, is making its name known in South Africa, with a little help from local media outlets.

Recently, CGTN Africa’s Global Business featured how Centbee is helping South African expats send money to their family back home. According to host Angelo Coppola, remittances are a huge contributor to the GDP of many African countries—and the Centbee wallet could be a neat solution.

The South Africa-based company is founded by co-CEOs Lorien Gamaroff, an expert in blockchain technologies and cryptocurrencies, and Angus Brown, who has 20 years of experience in payments and banking. Together, the two are building not just a wallet, but an entire ecosystem that uses Bitcoin Cash.

“Customer remittances are very high, especially within Africa, people have to pay very high customs, very inconvenient, very difficult for them to move money conveniently, so this really does offer a much simpler, quicker and more trustworthy solution for them,” Gamaroff told the English-language news outlet.

With its promise of delivering a game-changing ecosystem replacement, Centbee has attracted high-profile investors from the blockchain field. Blockchain research and development firm nChain Group has already taken an equity stake in the South African company through its investment entity nChain Reaction Ltd. Jimmy Nguyen, CEO of the nChain Group, described Centbee as “one of the most user-friendly Bitcoin wallets and merchant payment solutions” that “smartly embraces Bitcoin Cash.”

Testing the wallet, including moving Bitcoin Cash across borders, has been underway for several months now. The Centbee founder said they’ve already started talking with retailers, and are eyeing technical integration as their next step.

“This year is about actually taking pilots live, planning out with customers, like, what customers don’t like, learn from that and then grow,” Brown said. “It’s still early days, there’s still a lot to learn. We have to learn a lot, the regulators do learn a lot, we still got to work with the customers. But we’re comfortable that we’ve understood the risks and we’ve understood how to make a really good business product that works for customers, that is still regulatory compliant and is doing the right thing for people.”

The technology can be quite daunting, but interest levels are high continentally, so creating a potential market for Centbee has essentially been taken care of, according to the company executives.

“Africa and South Africa specifically has been shown to be very interested if you just look at Google trends, you know South Africa is consistently in the top five countries that are very interested in cryptocurrencies so I think what we have is a very welcoming market,” Gamaroff said.

“I think a lot of people don’t know what Bitcoin is, and because if you don’t know about something is, or if you’re scared of it, you know, what should you do, so we’re also in the business of educating people, educating merchants, educating the regulators, the payment system operators, everybody how this can actually work,” Brown said.

Watch the video here.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
Centbee to deliver a game changing eco-system replacement

Centbee to deliver a game changing eco-system replacement

Centbee to deliver a game changing eco-system replacement

You may have read some press releases concerning nChain Group taking equity stake in Centbee, a Bitcoin wallet provider that aims to make global payments straight forward and easy.

Centbee, headed by co-CEOs Lorien Gamaroff and Angus Brown, come with a wealth of experience from within the financial sector itself, covering online banking development, merchant systems, retail banking, and extensive work with regulators, and much of which has been done in the digital space. All things that are abundantly important in taking Bitcoin Cash to the next level.

What hasn’t been reported in any extensive detail so far is just what the fruition of the Centbee and nChain deal is going to be.

In my discussion with Mr Brown, I specifically asked questions concerning the functional outcomes of this project. We know nChain’s investment is a large undisclosed sum. There’s more to this than just a wallet. I went digging.

Astonishingly, I’ve found the very work Centbee are doing, is precisely what the Bitcoin (BCH) eco-system needs – and desperately.

When Dr Craig Wright tweeted “Expect some BIG things this January with BCH. The crypto world is about to change and grow up.” He was onto something… because he had seen what Centbee had been working on.

Mr Brown says his time in banking has been building digital offerings and digital banks. “Centbee is the next generation of where banking is going to be. A lot of we do replaces what banks do, but with next generation models. I have good insight of how [banks] do it all. And I understand merchants, point of sale systems… we implemented all this for Mercantile. We know what banks do and don’t do.”

Brown was actually the Chief Information Officer over at Mercantile bank. His knowledge on the subject comes from profound experience. He states “I have a good relationship with the regulator… I know how the reserve bank works, I know the payment industry really well… it’s given us really good context to build Centbee.”

So how do you get banks, and regulators involved? Sure enough one of the most challenging things concerning Bitcoin has been getting trust from the institutional banking sector. “Regulators get scared of Bitcoin, and it’s because of the risk that they see… we know how to help the regulator get over the risk, we’ve been working on addressing those very things they are concerned with.”

It dawned on me that what Centbee are building – is far beyond being just a wallet. In fact, it is an entire eco-system being built using Bitcoin Cash, from the top down.

“The wallet is the easy part, most of that’s already done and we’ve been working on the user interface now trying to make it ‘slick’” said Brown. Lorien Gamaroff who leads much of the coding specialties has also done a lot of work from a user interface and experience point of view. Brown says of Lorien that “he has design flair… he even once worked at an ad agency as a director… He has a good sense of user interface… I’ve also built 6 digital banks, I understand what to do and what not to do”. Certainly however, one of the most frustrating things about Bitcoin is that it can be difficult to get money into it – with all the commotion of verifications, exchanges and the like… but Brown says “We are going to change all that and make that really easy…”

In South Africa, one interesting piece of technology that is used is called “Authenticated Mobile Transaction” or AMT. It is a standard payment method there that Brown says they can leverage to allow customers to enter debit number and do authenticated debit that is non-disputable. Using authenticated debit card transactions takes the risk away from the business. “Debit cards are popular in South Africa, so that’s the first step” he said.

So, what makes this wallet so special and so easy to use? “Contact integration is the killer use case”. Centbee have devised a method where it is super easy to send anyone an amount of money. They don’t even have to have the app installed, and in fact, they don’t even need a Bitcoin wallet at all. The app cleverly notifies a user and advises them to get the wallet to claim their money if they have any sent to them. This is a sorely needed function for wallets, and Centbee addresses this.

Brown kept going back to “WhatsApp”. The idea is that Centbee should have its ease of use, modelled after something like WhatsApp. “Sending money should be as easy as sending a message on WhatsApp” he said.

The other interesting area that Centbee are looking at concerns sending every day money. That sounds glaringly obvious, and Brown even laughed when he said it, but allow us to elaborate. Right now, there is a legitimate inaccessibility to send money across the country, or to neighbouring countries. The existing methods are either far too expensive, or just unreliable. Centbee tackles this problem by enabling citizens to be able to send a sum of money instantly, that is, fiat to fiat.

Picture that, a solution that makes money transfer so easy, that you don’t even know that you’re using Bitcoin Cash. Brown explains that Bitcoin Cash in this case works as the medium of transfer. Ofcourse that’s not the way it’s going to remain, as adoption grows, more and more people may choose to receive BCH instead of fiat.

Usability is key with all of this. Accessibility has been thought through to the n’th degree that even grandma can use it. Brown said “this is a real important human problem to be solved, especially here in South Africa, where there is a real need”.

But Centbee’s clever approach is multi-faceted, as Brown explains: “Next we want to allow people to buy Bitcoin from merchants. And we can do this using Gift cards that you see in malls, so we can have Centbee cards that can be purchased with cash.”

“Merchants are actually the key to this… When we were talking to the guys at nChain, we said that you have to have consumers, and we have got some great ideas.”

At this point I ventured into confidential territory and I wasn’t preview to too much further than this. But Brown did highlight an interesting strategy their business is taking to embark on this mission. “rather than approaching every merchant one by one, we are doing it by going straight to the ‘integrators’” – that is to get them to onboard BCH integration at the top level and have it filter down. “I can’t disclose too much, its strategic” said Brown.

There was a lot to this conversation, but I’ve touched on many points that I think are pivotal. This is one giant project that addresses a plethora of weaknesses within the current framework for working with Bitcoin (BCH). If they can pull this off – and I totally believe they are going to, then this will be a catalyst in the mission to revolutionise Bitcoin Cash and really thrust it into the mainstream.

Interestingly, this is the first time I have come across a major Bitcoin related project that is spearheaded by tremendous institutional knowledge and prowess. The team at Centbee understand the entire business model from customer to merchant and to bank. Most crypto related projects are generally controlled by developers who have very little to no understanding and exposure to the established institutions. If you want Bitcoin in the mainstream, you need two thing… first its ease of use, and second it is integration into existing systems and processes in the most efficient way possible. Centbee are doing just that. And for once, it’s not the tail wagging the dog. When you let developers dictate the functions of a system, then you end up the way ‘Bitcoin Core’ did in 2017, where Bitcoin actually lost merchant count for the first time in its history.

Eli Afram
@justicemate

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

Centbee, South Africa-based Bitcoin wallet and merchant payment ecosystem, attracts funding from nChain

JOHANNESBURG, SOUTH AFRICA Jan. 29, 2018  —   nChain Group, the leading blockchain research and development firm, has taken an equity stake in Centbee, a Bitcoin wallet provider that makes it easy for a global consumers to acquire, hold and spend Bitcoin with retailers and other merchants.  The funding deal was made through the nChain Group’s investment entity, nChain Reaction Ltd.

Based in South Africa, Centbee was founded by co-CEOs, Lorien Gamaroff and Angus Brown. Gamaroff is a leading expert in blockchain technologies and cryptocurrencies. He has consulted and advised regulators and corporates internationally and is highly regarded globally as an educator and presenter. Brown has 20 years’ experience in payments and banking including the role of CEO of eBucks, a world first bank-backed digital currency created in 2000.

“Centbee will be rolling out mechanisms for merchants to accept Bitcoin Cash payments more cheaply and securely than current bank payment systems without exposure to price volatility,” says Brown. “In addition, we will help consumers move money simply and cheaply across borders to support family and friends. We have been working closely with regulators in South Africa and other jurisdictions to educate and inform and to address any regulatory risk.”

Gamaroff explains that, “In addition to providing financial investment, nChain’s research, intellectual property and deep technology expertise will enable Centbee to become a functional and secure wallet provider which will open up Bitcoin Cash merchant payments to a global market.”

nChain Group CEO Jimmy Nguyen remarks: “Centbee has one of the most user-friendly Bitcoin wallets and merchant payment solutions we have seen.  It smartly embraces Bitcoin Cash because its bigger blocks, low fees and fast transaction network represent the true vision of Bitcoin.  We look forward to supporting Centbee as it sparks greater merchant and consumer adoption of Bitcoin Cash in sub-Saharan Africa and beyond.”

nChain Reaction financially backs products and applications that make Bitcoin Cash more globally useable as peer-to-peer electronic cash.  The Centbee deal represents nChain Reaction’s second Bitcoin Cash-enabling investment within the past month.  As announced in mid-January 2018, nChain Reaction previously participated in a USD $1.5 million Series A funding round for Yours.org, the Bitcoin Cash-based social network.

The Centbee Wallet becomes available in the Apple and Google Play stores in 2018.

CONTACT:

For media enquiries directed to Centbee, please email [email protected] or call +27 83 445 1897.

Website:  centbee.com

Twitter:  @CentbeeWallet

For media enquiries directed to nChain, please email [email protected]

or contact Infinite Global at:

Matthew Gilleard (Infinite Global, EMEA)
+44 (0)207 269 1430

Jamie Diaferia (Infinite Global, US/ASIA)
+1.212.838.0220

Website:  nChain.com
Twitter:  @nChainGlobal

ABOUT NCHAIN GROUP: The nChain Group is the global leader in research and development of blockchain technologies.  Its mission is to enable massive growth and worldwide adoption of the Bitcoin network – focusing on Bitcoin Cash as the true Bitcoin.  The nChain Group includes four business units:  1) nChain Limited – a blockchain research and development business in London, United Kingdom; 2) nChain Holdings Limited – a intellectual property holding and commercialization company; 3) nChain Reaction – an investment entity which supports other Bitcoin and blockchain emerging companies; and 4) nCrypt – a Bitcoin wallet and exchange in Canada.  (nCrypt is currently known as nTrust, but will be re-branding in early 2018 to reflect its move to focus on Bitcoin).

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.