Joshua Henslee: Making Bitcoin SV the choice for business

Persuading businesses to put their data on a public blockchain shouldn’t be a big deal, says Joshua Henslee. After all, it’s not long since they overcame their objections to storing their data on cloud servers instead of locally on their own computers.

Joshua is an IT professional from California who mostly works with Microsoft products. He believes the future for his clients, and for his own success as a consultant, lies with blockchain solutions using Bitcoin SV (BSV).

Joshua’s nightmare would be persuading a client to adopt a blockchain solution and then finding there were problems because there were too many transactions to process or fees rose: “That would be catastrophic.” But he is confident that BSV is now capable of providing the kind of service that he’d be happy to recommend to his clients: “I do think that we have the technology, with the recent developments over the past four or five months on the BSV chain.”

While private blockchains may sound appealing to cautious businesses, Joshua believes they’re not worth investing in. They’re effectively adding IT resources to business costs, whereas a public blockchain like BSV could produce savings throughout the business: “You’ll be able to streamline business processes such that you’ll have cost savings elsewhere. So even though you’re adding a tiny bit of cost, you’ll more than recoup that and have gains in other parts of your system — financial, supply chain, communication with vendors.”

With IBM, Microsoft, and now Amazon, all announcing their own blockchain products, “If BSV does start making moves, [the tech giants] will be victims unless they adapt and start to use it …It’s going to depend on how quickly they adjust.”

Out of all the possible public blockchains, Joshua believes that BSV has some unbeatable advantages: “One is the Metanet concept — the idea of putting data on chain and having users take control of their data. To me, it’s an upgrade on the way the Internet works today. It just makes sense.”

The BSV ecosystem is growing spectacularly, with new tools to help developers, especially those created by the anonymous and prolific inventor, Unwriter.“Unwriter’s tools have taken people’s excuses away,” says Joshua. “Even at the conference in November [2018], I was complaining that we don’t have tools to do some of this stuff …Ever since new year, all this stuff came out — it just makes it easy, so now all these ideas that people have can be implemented.”

In the immediate future, Joshua is trying to persuade his colleagues to take a serious look at BSV: “My goal is to demonstrate to my company how Bitcoin can be used, integrating with systems in a way that streamlines business processes and overtly reduces costs.”

Hear the full interview with Joshua Henslee on this week’s CoinGeek Conversations podcast:

You can also watch the podcast video on YouTube.

Please subscribe to CoinGeek Conversations – this is episode 29 of a weekly podcast series. Just search for “CoinGeek Conversations” wherever you get your podcasts, subscribe on iTunes, listen on Spotify or visit the CoinGeek Conversations website.

Osmin Callis: How nChain can promote global trade with Bitcoin SV

nChain is the London-based research powerhouse behind Bitcoin SV (BSV). Its mission is to “ignite global adoption and enterprise-level usage of Bitcoin.” To make that happen, nChain has set up a professional services unit to reach out to businesses and encourage them to design and implement blockchain projects, with Osmin Callis as its Business Development Manager.

While the company’s engineering team are responsible for developing the node software for BSV and the additional components that would allow businesses to connect to its blockchain, the research department develops nChain’s intellectual property portfolio—which is probably the largest in the world for open blockchain, Osmin says.

Then Osmin’s professional services team take the research output to work with businesses, commercialising the company’s intellectual property portfolio. “We have this treasure trove of ideas, of possible future applications,” Osmin says, “Things which are disruptive, which change the way we understand areas of technology that we take for granted today.”

When working with businesses, Osmin says, they have learnt to go easy on the tech discussions: “Experience has shown us that it’s of less value to talk about some of the more granular features of the technology in front of someone’s who’s responsible for making business decisions. It’s really about making sure the message fits the audience.”

Osmin says that nChain is in it for “the long game” and so while a meeting may not immediately result in a project, “Hopefully it’s contributed to the betterment of the ecosystem. If we’re too aggressive in trying to capture market share, it’s not necessarily to the benefit of all.”

One piece of conventional wisdom that nChain fights against it the idea that private blockchains are appropriate for enterprise while public blockchains are best for government or other entities. But “it’s really not as straightforward as that,” Osmin says. nChain believes BSV is always the best solution and the idea that enterprises can take “baby steps” by embarking on a private blockchain project may prove to be a waste of time and money. “In the long term, we know we’re all going to end up connecting on the same medium—the same blockchain.”

One advantage for a business of moving straight to the public blockchain is that if it wants to move from data to payments, then the currency aspect is already built into BSV, instead of having to be “bolted on” to a private blockchain.

In the immediate future, Osmin’s team is focussing on two sectors: financial services and online gaming—whether gambling or platform games. In financial services, “we’ve been getting a lot of interest from central banks” in Europe and West Africa. Some of these have “expressed a significant interest in the possibility of creating their own digital currency, using a base currency such as Bitcoin SV.” With a system utilising their own protocol on BSV, a bank would be able to control the money supply “in exactly the same way as they would do today.”

If this all goes according to plan, nChain will be contributing to fostering and promoting global trade. “The ramifications …are many and varied and I think it’s exciting because we have yet to discover what all of those things will be and what it’ll bring.”

Hear the full interview with Osmin Callis on this week’s CoinGeek Conversations podcast:

You can also watch the podcast video on YouTube.

Please subscribe to CoinGeek Conversations – this is episode 28 of a weekly podcast series. Just search for “CoinGeek Conversations” wherever you get your podcasts, subscribe on iTunes, listen on Spotify or visit the CoinGeek Conversations website.


Kate Hiscox: Bitcoin SV and the payment networks of tomorrow

Kate Hiscox is a serial entrepreneur with ambitious plans for her trading platform DRIVE Markets. With a background in supply chain businesses, Kate has recruited a team with wide experience of FX (foreign exchange) trading to create a suite of products that will work together to integrate fiat and crypto (CX) trading.

DRIVE recently received investment from Calvin Ayre, the owner of CoinGeek and a leading supporter of Bitcoin SV, who said that he likes “entrepreneurs who can cut through the noise and focus on technology that works. That’s why I like DRIVE.”

Hiscox plans to use the SV blockchain to record transactions: “the Bitcoin SV blockchain will be used by DRIVE Pay for our ledger specific requirements and BSV will be used as a bridge currency.”

On this week’s CoinGeek Conversations, Hiscox explains the thinking behind her plans to grow her business: “traders want to be able to trade crypto but they don’t have the right exchange [or] the right tools in place to do that. So we basically packaged something that would entice them.” That meant providing “the right infrastructure and trading experience so that ForEx (foreign exchange) traders can come over and trade crypto in a familiar environment.”

“The exchange business is very revenue-intensive,” Hiscox admits: “in launching multiple products that complement each other, by making the first one an exchange, the company will be profitable this year, in a very short amount of time.”

In creating a suite of new products, DRIVE has set itself some ambitious goals, but Hiscox is clear that each product must contribute to the bottom line: “anything we build has to make sense, has to grow revenue, has to complement the products that we already have.”

While some in the Bitcoin world are working on visionary projects that may not come to fruition for years, Hiscox is focussed on more immediate and more conventional business goals: “you can dream up all these wondrous things, but if you don’t have a customer at the end of the day and you’re not making any money, eventually you’re going to go out of business …That’s my thing, I think it’s evolution versus revolution.”

Hear the full interview with Kate Hiscox on this week’s CoinGeek Conversations podcast:

You can also watch the podcast video on YouTube.

Please subscribe to CoinGeek Conversations – this is episode 23 of a weekly podcast series. Just search for “CoinGeek Conversations” wherever you get your podcasts, subscribe on iTunes, listen on Spotify or visit the CoinGeek Conversations website.

Jack Liu: Just by living, you’re going to be making Bitcoin transactions

Jack Liu: Just by living, you’re going to be making Bitcoin transactions

“Three is kind of a lucky number,” says Jack Liu, “you’re not really going to get a fourth chance, fifth chance, a sixth chance—so I look at it as like this is all or nothing.”

Hong Kong-based entrepreneur Jack Liu sees the opportunities offered by Bitcoin SV (BSV) today as being the third and final chance to realise the potential he’s always seen for cryptocurrency.

After the decision was made, years ago, not to scale Bitcoin (BTC) and then the problems with Bitcoin Cash (BCH) that followed, Jack is now pinning his hopes on BSV. But to work, he says, reliable revenue streams must be developed for BSV—and fast.

“I think as much as today we sit here with amazing optimism for BSV, if we cannot get BSV adopted on a transaction level, you’re going to see divisions again within BSV. So you’ve got to get transactions going as soon as possible—and that’s where the urgency comes from.”

To that end, Jack and his team—formed since he left Circle just a couple of months ago—have already released two products, FloatSV, an exchange, and RelayX, a ‘superwallet’ that connects BSV with existing payment platforms such as Alipay and WeChat.

Jack’s concern is that transactions must sustain the network of BSV miners by providing them with micropayments. The danger is that the rival version of Bitcoin, BTC, is used purely as a store of value: “The great thing that banks would love to see is if they can make Bitcoin merely ‘digital gold’—they would love that because it would not alter the world that we live in …which is really not that interesting at all. If that was what you told me Bitcoin was going to be, I would never have joined this industry.”

Instead, Jack’s vision is to have BSV playing a part in every aspect of our lives, with micropayments being sent and received between people all the time—during work, rest and play: “I think in the future, if someone notices that you haven’t made a hundred transactions in a day, they might call the police and look for you—because just by living, you’re going to be making transactions.”

Although we may find ourselves making micropayments for things we now think of as free, Jack says that on the other side of the equation, “You probably will have hundreds more income streams daily.” But that doesn’t mean they’re all going to be big money-makers: “I mean income streams as in maybe you open a door for someone and they tip you one cent.”

But small payments made to people in developing countries for providing casual digital services, for instance, could make a big difference in those economies. The aim, Jack says, is for people to be able to start using RelayX with no BSV or fiat money. Instead, they would earn money through the app, and it would get into circulation that way.

BSV is uniquely able to make this possible because its rivals “never had the vision that Satoshi did for the entire system.” Instead, they’re marketing individual use cases, which, when the market changes, will have to pivot: “they’re kind of opportunistic blockchains” whose protocol will inevitably change, making them unsuitable for established businesses to build on.

Hear the full interview with Jack Liu on this week’s CoinGeek Conversations podcast:

You can also watch the podcast video on YouTube.

Please subscribe to CoinGeek Conversations – this is episode 19 of a weekly podcast series. Just search for “CoinGeek Conversations” wherever you get your podcasts, subscribe on iTunes, listen on Spotify or visit the CoinGeek Conversations website.


WeatherSV predicts sunny future for Bitcoin SV

Raising blockchain transaction volumes is seen as the key to the success of Bitcoin SV (BSV). So what are those transactions going to be? Well, ideally they’ll emerge from a thriving ecosystem of products built for the BSV blockchain, whether financial or otherwise.

And that ecosystem will only grow if developers can turn their creative ideas into useable, well-designed applications. And that will only happen if creating a BSV product doesn’t require you to risk the best years of your life making something that may not succeed in the market.

We may just be reaching the tipping point where building products is easy enough for people to take a chance on it, thanks to the availability of open source tools that BSV supporters such as unwriter have been tirelessly creating.

One use of unwriter’s work has been in WeatherSV, an experimental project created by Paul Chiari (above), an IT professional in Australia. Paul is interested in agritech—technology to help the farmers in his Queensland community. He sees the BSV blockchain as ideal for storing data that ‘Internet of Things’ devices out on farms could send back via wide, low power wireless networks. As a step towards building systems like that, he’s been experimenting with data distribution and storage on the blockchain—and the result is WeatherSV, which has been taking off to a degree he never expected.

WeatherSV takes open source weather data collected from 40,000 weather stations round the world and presents that information to its users, storing it on the BSV blockchain. In addition, it asks users to pay the equivalent of AU$5 in BSV, using Moneybutton to add their nearest weather station to the app’s output. Hundreds of channels have already been opened—from, recently, Conakry, in Guinea (temperature now 31°C) to Kashi, in China (22°C)—and the number is growing all the time.


WeatherSV has already exceeded Paul’s expectations: “We just did this as a hobby project …we did it for a bit of a laugh.” But with its recent growth, WeatherSV is currently producing well over 12,000 transactions a day. Now Paul says he’s talking to a potential investor about expanding the project and sees the possibility of 50,000 transactions a day.

His experience has led him to encourage others to roll up their sleeves and have a go at building on BSV: “Doing this stuff, and learning as you go and experimenting with it, it’s fantastic,” he says. With the existing software available to incorporate into projects like WeatherSV, “The heavy lifting is being done and you’ve just got to jump on board and have a go.”

To hear more about Weather SV from Paul Chiari, and what he’s learnt building it, listen to this week’s CoinGeek Conversations podcast:

Please subscribe to CoinGeek Conversations – this is episode 20 of a weekly podcast series. Just search for “CoinGeek Conversations” wherever you get your podcasts, subscribe on iTunes, listen on Spotify or visit the CoinGeek Conversations website.


Calvin Ayre: Courts could rule on ‘consumer fraud’ of cryptos that claim to be Bitcoin

In a wide-ranging interview, the businessman Calvin Ayre, a major supporter of the work of Dr. Craig Wright, says that a forthcoming legal case being brought to prove that Dr. Wright is Satoshi Nakamoto, the creator of Bitcoin, could also lead to a ruling that would stop cryptocurrencies other than Bitcoin SV (BSV) using the name Bitcoin at all. To do so makes them guilty of “consumer fraud,” Ayre warned.

“It’s a consumer fraud of some sort for all these exchanges all over the world to be telling people that this is Bitcoin and letting these tokens use the Bitcoin name when the technology is not Bitcoin anymore. It’s a type of consumer fraud and I think that that needs to be fixed as well.”

Ayre sees the impact of the libel actions being brought by Wright as going far beyond those directly affected in the cases. He believes that a definitive proof that Wright was Satoshi will transform the sector:

“This court case and this proof is not aimed at convincing these people attacking him. They’re completely irrelevant. This is all about going over their heads, getting them out of the way. And Craig, with this court decision, talking directly to the people that matter – mainstream media, business and technical, governments and enterprise and startup decision makers. Those are the only people important here.”

Ayre says it’s “quite likely” that the cases, which are being brought in London, will be decided by the end of the year.

In the longer term, Ayre believes that Dr. Wright’s vision of a Metanet based on the BSV blockchain will be “the Internet of the future – where we actually can commercialize and put a value to the data that flows around the world on the Internet today. And so this is much bigger than just payments. But if we’re talking just about payments, I mean, what would be nice is for people to be able to seamlessly and frictionlessly with relatively low cost, send payments anywhere they want anywhere in the world.”

The key to making that vision a reality is being able to scale blockchain transactions – having large numbers of transactions happening quickly and frictionlessly. Ayre says that “only one blockchain platform massively scales already – original Bitcoin SV – and it has a roadmap to massively massive scaling in the near future!”

Scaling is the theme of the forthcoming CoinGeek conference in Toronto: “all the world’s experts in scaling on blockchains will be there,” Ayre promises. But if that sounds a little dry, he adds: “it’s going to be like Woodstock, you know, you’re going to be able to say, ‘hey, I was there, the CoinGeek Scaling Conference’.”

As to his own motivations for getting involved in the crypto world after a hugely successful career building businesses in online gaming, Ayre says “I’d already been successful. I’m not doing this completely for money …I legitimately wanted to get involved with a project that would be a legacy project for me, which would actually have lasting impact on the world, improve the world, make the world a better place.”

But he admits the money is also a driver: “of course, as a businessman, I’m always interested in proving that I’m right about things. And the only way that you do that in business is by having your businesses make money …And so I’m driven by all these factors together. And you know, it depends on how I feel in any time in the day, which is the most important one.”

Although working in Bitcoin might seem very different from online gaming, Ayre says his own experiences in the two have much in common: “I’m in at the earliest stages of the industry. So it’s industry building, it’s dealing with the fact that people don’t understand how the existing laws apply to this new thing. There’s a ton of similarities.”

Ayre has always said that a 2006 article in Forbes magazine that described him as a billionaire has meant that he’ll be stuck with that label forever. As to what he’s actually worth today, he says he’s not sure:

“Honestly, it’s really difficult to do valuations to tell what you’re worth, especially if you’re investing in …early stage private companies where a lot of the value is in some kind of future concepts. So I think I’m going to wait a few years before I do have some kind of an appraisal of what I’m really worth. Right now I’m actually just having too much fun to worry about it.”

To hear the full interview with Calvin Ayre, listen to this week’s CoinGeek Conversations podcast, or watch on YouTube.

And please subscribe to CoinGeek Conversations – this is episode 18 of a weekly podcast series. Just search for “CoinGeek Conversations” wherever you get your podcasts, subscribe on iTunes, listen on Spotify or visit the CoinGeek Conversations website.

What can’t you do on the blockchain?

What can’t you do on the blockchain?

Last year’s trade shows for crypto and blockchain were all about ICOs—initial coin offerings. This year, ICOs are out, says Richard Kastelein from Blockchain News. Instead there’s a new collection of financial products—which may or may not suffer the quickly deteriorating reputation of ICOs.

Perhaps more significant, today there are real use cases of blockchain being taken up by big business. Overall, Richard says we’re witnessing “Wall Street meets Main Street.” He points to Walmart’s requiring the adoption of a blockchain system by all its spinach and lettuce suppliers. And other retailers are following fast, Richard says: “that’s proof that this blockchain stuff works.” There are also projects to track diamonds and timber, to prove the claimed provenance of individual items. Supply chains are turning out to be the “most valid use cases” so far.

As to what will be next year’s trend, Richard predicts that it will tokenizing. He notes that Singapore Airlines have already tokenized their air miles system. And there’s potential for more tokenization in relation to loyalty programmes and brands: “how can you reward people that become ‘prosumers’ for you?”—the brand ambassadors. ‘Tokenomics’ is about “trying to achieve an end result and then gamifying the system to achieve that result.”

It’s a natural development for the Bitcoin blockchain, Richard says, because it’s the same principle that Satoshi used when devising the network: “This is what Satoshi did with Bitcoin as well: he created a way for people to be honest in the mining process and have a surefire way to let people create ledgers that can’t be challenged.”

Richard Kastelein was talking to CoinGeek as one of the exhibitors at the recent London Blockchain Expo. Another exhibitor was nChain, which also traces a direct line back to the vision of Satoshi Nakamoto, as a strong proponent of Bitcoin SV (Satoshi Vision). Osmin Callis, from nChain’s Professional Services department was pleased to find many of the big consultancies represented at the show: “We’ve been talking to PWC. We’d already had discussions with the blockchain strategic lead at Dell—we saw her again.” Overall, Osmin said she was “very optimistic …I think we’ve got some amazing possibilities open.”

But it wasn’t all mainstream stuff at Blockchain Expo: Sergio Rigert of Gingr, a Swiss startup, explained what his company is planning to do on the blockchain: “My business is revolutionising the oldest industry in the world, which is the prostitution industry.” Gingr will be the Uber or Airbnb of prostitution, Sergio says. Bookings will be made using the Gingr Coin. If you’re wondering whether the idea of an immutable ledger would be a selling point to clients of this particular kind of business, Sergio has reassurance to offer: “Your data won’t be exploited …we just have it in our system, which is separate, in a separate server, so when you actually do a transaction, you’re just getting a number.”

To hear more from Sergio, Richard and Osmin, listen to this week’s CoinGeek Conversations podcast, or watch on Youtube.

And please subscribe to CoinGeek Conversations – this is episode 17 of a weekly podcast series. Just search for “CoinGeek Conversations” wherever you get your podcasts, subscribe on iTunes, listen on Spotify or visit the CoinGeek Conversations website.


Mark Allison: Bitcoin is a thing of beauty, like a Michelangelo

Mark Allison has been a freelance IT consultant for 20 years, specialising in data. He works for investment banks, retailers, insurance companies, hedge funds and payment processors. Many of the people he deals with are sceptical about Bitcoin—and have been more so since the crash in its value last year.

But Mark is optimistic about Bitcoin’s prospects and has been following the sector closely. Now he’s spending his evenings and weekends building products for Bitcoin SV (BSV).

“I see huge potential,” he says. Bitcoin could allow governments and banks to be more transparent. “If we do move over to Bitcoin as a currency …I think everyone’s going to be better off.”

He understands the scepticism among his City and IT colleagues: “because BTC [Bitcoin Core] has these limits in place, it couldn’t scale, so people who did go out and buy Bitcoin and try to use it, were like, ‘well, it’s not actually very good, is it?’.” With transaction fees rising to around $50, its prospects for being used as a global cash seemed “ridiculous.”

But Mark says the limits on transactions and high fees were artificial and the appearance of Bitcoin SV (BSV) has given him even more hope because it returns to the ideas of the original Bitcoin White Paper, of which Mark is a huge fan:

“When you consider Bitcoin as a whole, I see it like a Michelangelo painting: it’s a thing of beauty. If you look at the economics behind it, all the incentives behind it—how the miners are incentivised—if you look at the computer science breakthrough that happened to solve the Byzantine Generals problem, if you look at the game theory behind it, if you look at the law: all of these elements all come together in one package, and it’s just a beautiful thing.”

The developers at nChain are removing many of the limits imposed on BTC, and then “Bitcoin can really realise its potential.” It will make business more efficient by reducing their costs. All it will take it one large business to start using it.

The first big users of Bitcoin may turn out to be supply chain companies or payment processors, Mark believes. Converting to the blockchain would allow them to dispense with data centres full of servers. As for private blockchains, Mark believes “the whole point of a blockchain is for it to be a public ledger.”

Dr Craig Wright, Jimmy Nguyen and others have spoken of the need to achieve massive scaling on the BSV network—and Mark agrees: “we need to scale now.” With the mining block subsidy being halved again next year in line with how Bitcoin was set up, eventually “if there’s not significant volume, then the miners are going to leave—so we’ve got this ticking time bomb”. The answer to that problem is BSV, Mark says. It’s not only a stable platform in terms of the protocol, but nChain is committed to scaling. “If we don’t scale, it’s going to fail,” Mark says. “We need to see consistent large blocks though real world usage” for instance for data that needs to be immutably stored with proof of existence.

Mark believes that will happen—and “I really would love to see everybody using Bitcoin …If we moved over from an inflationary model to a stable model, we’re going to be much wealthier because money’s not going to be abused any more.”

To help things along, Mark has been making his own applications for BSV. The first is a Chrome extension for the Handcash wallet. To make it, Mark had to teach himself Javascript, among other things, over two or three weekends. After about a month, he says, he “managed to cobble something together that kind of worked”. You can try the Handcash Handle Converter for yourself: it converts a Handcash handle into a Bitcoin address. Or, thanks to fellow developer Derek Moore, who made use of Mark’s open source project, you can get the same functions on a website,

Mark’s second project is an analytics database, SVCharts, which produces Bitcoin trends, such as mining fees: “ultimately what I want to have is a self-service analytics platform.” The project includes an interesting monetisation model using MoneyButton.

You can watch the whole interview with Mark Allison on YouTube or listen on this week’s CoinGeek Conversations podcast:


Please subscribe to CoinGeek Conversations – this is episode 14 of a weekly podcast series. Just search for “CoinGeek Conversations” wherever you get your podcasts, subscribe on iTunes, listen on Spotify or visit the CoinGeek Conversations website.

How to encourage businesses to use Bitcoin SV

How to encourage businesses to use Bitcoin SV

“The first answer is always no.” That’s what Heidi Patmore of the South African wallet company Centbee finds when she’s trying to persuade big businesses to start accepting Bitcoin.

“For large retailers, you have to go right to the top to get any sort of traction,” she says, “and it takes a long time to tell that story and convince them that cryptocurrency is a good idea. The lead time is extremely long.”

The biggest incentive for large retailers is the promise to help their margins: “price is everything,” Heidi found, “if they can save half a percent on their banking fees or their transaction fees, that’s a massive saving for them”.

With small retailers, there are different priorities. For them, “it’s about developing the trust, that this is a good idea.” And for the ‘mom and pop stores’, Heidi found, “you have to go in with the killer use case.”

Surprisingly, Heidi says with smaller retailers, that’s not all about money: “you can’t go in with ‘you’re going to save a bit of money on your costs’ because they don’t really care about that. What they care about is ‘is this going to bring us more customers, is this going to make my life easier?’”

Heidi sees the smaller retailers as “a massive opportunity” because they “kind of get ignored” by the major credit cards and the banking system – to get a point-of-sale terminal, for instance.

For Elizabeth White of the White Company in New York, business people who haven’t thought about cryptocurrencies often have negative attitudes, picked up from the media, that need to be overcome before they’ll be persuaded to adopt: “the merchant needs to understand that it’s not about laundering money or drug money. We need to say that this is not what Bitcoin or cryptocurrency is about. It’s a technology that can actually help in the future – and it will be the future. ”

For Martin Dempster of Brewdog, professionalisation of the Bitcoin business is “really important, but we need to be careful that we don’t lose that really important disruptive message.”

Ima Samovich, CEO of Coppay, the Belarus-based payment gateway, has also been introducing crypto solutions to business. She says the sticking point is often the fear of risking their reputation on an untried technology: “they care about their stakeholders and shareholders and that’s why they don’t want to be in a rush to start accepting Bitcoin in their stores.” Instead they prefer to wait and see who’ll be the first to adopt it in their sector.

Listen to more from these contributors on this week’s CoinGeek Conversations podcast:

Please subscribe to CoinGeek Conversations – this is episode 9 of a weekly podcast series. Just search for “CoinGeek Conversations” wherever you get your podcasts, subscribe on iTunes, listen on Spotify or visit the CoinGeek Conversations website.