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We at Bitssa.com believe that the confidence in Bitcoin is not going to fade away and only for those who have complete knowledge on the subject and who are aware that bitcoin is the result of a highly secure technological marvel called the Blockchain and it is here only to stay. But those people who are losing confidence in it are only those skeptics who have no knowledge about Bitcoin and the advantages of having a value storing digital asset like bitcoin. Sooner or later they are going to realize that how secure, quick and cost-effective it is to use Bitcoins. And it can be seen from the recent trends that Bitcoins are being accepted in many countries for its aforementioned advantages. In many countries, Bitcoins are being accepted as an alternative mode of payment. There are Bitcoin ATMs that are facilitating the sale and purchase of Bitcoins for the common man. Some countries like the Philippines are accepting Bitcoin for Airlines and as school fees. So, slowly and steadily Bitcoin is gaining the confidence of the global economy. As far as volatility is concerned, it is only a matter of time that Bitcoin will gain stability once it gets incorporated in the global financial ecosystem.
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The uncountable amount or number of transactions on the blockchain network of the bitcoin cryptocurrency will sufficiently prove that people still have loads of confidence in the bitcoin as it continues to increase in its number of transactions per second and the blockchain using 90% of its capacity.
The trust is there and the proof is on the market cap, Bitcoin remains at the top and no other coin surpass that status. If you look and understand the graphs and capitalization of Bitcoin, then you would probably not going to have any doubt about Bitcoin since the statistics speak for this currency.
It's easy to talk about the accumulation of extra money, but it isn't fun, especially when your property portfolio drops 80% and you have nothing else to invest. If you are a maximalist, but you are having trouble wondering when electronic assets like Bitcoin will rise again, this is the time for you to act. The accumulation doesn't stop when the trading floor. In fact, it is a work that needs to go through the year, as a stepping stone to boosting growth as the market recovers. Finding a job related to electronic money is also a way for you to accumulate satoshi when their prices are still low. Just spend the money you need to stay and keep the rest of the money safe until the season. Altcoin or Bitcoin again. "Life changes very fast. If you do not stop and look around you, you will miss your life. "Electronic money won't go anywhere. When you are ready to make it your love, it will continue with you

In the Philippines, there are a lot of posts posted on social media that their local airline, Philippine Airlines and STI school now accept Bitcoin. This news will create a stir and this will help spread information that Bitcoin is not scam at all. We know in the future there will be more businesses and companies will accept Bitcoin too.

If this is true then this is certainly a revolutionary step towards the acceptance of Bitcoins as a mode of payment like any other fiat currency. This will encourage other economies to look in that direction and start accepting Bitcoin as an alternative payment system. But sadly many countries are not understanding the importance of having a completely digitized and highly secure value storing and payment system like Bitcoins. This move will certainly boost their economy and contribute to the GDP. Payment through Bitcoins are certainly cheaper, much faster and most importantly the safest. Imagine the world having a common currency where each and every country indulges in trade using Bitcoin. This will change the face of the global economy.

What's your view on this? Does your country accept Bitcoin too?

Bitcoin is going to stay here, in the long run, owing to its high technology, security features, faster transaction time and cost-effectiveness. Gone are the days when people had to wait for days for bank transfers and pay a commensurate transaction fee. Moreover, in the age of rampant financial crimes taking place, a technological marvel like the bitcoin will bring a welcome sigh of relief to the people involved in large money transactions. It is again about the perception that bitcoin is not safe or it's not even a currency or it is a Ponzi scheme or it aids terrorist activity. All these are baseless fears of those skeptics who have the fear of the unknown.

Firstly, such skeptics are completely ignorant of the fact that Bitcoin is the future since it is based on a futuristic technology which is the Blockchain technology. It is a revolutionary invention and certainly, this will transform the entire financial ecosystem by bringing in more accountability and transparency due to its high-security features.

Secondly, anything that has value and can be exchanged for a valuable asset or commodity can be treated as a currency. Bitcoin is a currency since it is asset-backed and the asset backing it is the trust created in it owing to its high-security feature.

Thirdly, all those people who call Bitcoin a Ponzi scheme should realize that even investing in the share market in its initial days was likened to an investment in a Ponzi scheme but later on getting the right kind of knowledge and developing a deeper understanding of the subject created faith in it. So, it is advisable to all the skeptics to do a thorough research on the topic before calling Bitcoin a 'Ponzi'.

And lastly, if bitcoin is facilitating terror financing then arent hawala transactions aiding terrorist activities. If there is some regulation on the use of Bitcoin then certainly such terrorist activities can be curbed. For this to happen all the Governments in the world need to understand the significance of accepting a valuable digital asset like Bitcoin and pass laws in favor of the acceptance of Bitcoins. imposing a ban is like denying the future to the citizens.

Hello, everyone, I have a news.
In Belgium, there are total 8 Bitcoin ATM machine.

In Antwerp 3 ATMs
In Brussels 2 ATMs
In Ghent 1 ATM
In Hasselt 1 ATM
In Sint-Truiden 1 ATM

Belgium has set a marvelous example. This is a milestone achievement. This will certainly enhance the scope of bitcoins as a part and parcel of the mainstream payment system. This indicates that the day is not far when Bitcoins will replace fiat currency as a conventional mode of payment. This is turning out to be true in the case of advanced economies but developing economies are still grappling with the idea of accepting Bitcoins as part of their economy. These developing economies are failing to understand the economic benefits of incorporating Bitcoins in their financial system. These economies need to understand the importance of having an easy, quick, cheap and most importantly a highly secured value storing digital currency. The only challenge with Bitcoins is that it needs to stabilize and this is where such economies are becoming suspicious of accepting Bitcoins. As far as issues like terror financing and black money laundering are concerned, such activities are anyway carried out through other channels also. So one cannot single out the use of Bitcoins for all the illegal activities taking place on the financial front.

We at Bitssa.com believe that anonymity will create a trust deficit in Bitcoin as a viable investment option and a value storing digital currency. The only reason why there is so much confidence in the market for Bitcoin is that all the transactions are available in the public domain in real time. This is why people have trust in Bitcoin. We all know that Bitcoin is based on the highly secured, sophisticated and advanced Blockchain Technology. As every transaction on the block needs approval from various sources on the network, it makes Bitcoin trading a transparent and accountable process. Therefore, to do away with the 'public character' of Bitcoin and bringing in anonymity will compromise with its security feature and further create suspicion in the public's eyes. And most importantly, adding anonymity will also facilitate terror-funding, illegal transactions, and black money laundering, etc. Hence, it is extremely important that Bitcoin should retain its essential character as a highly secured, transparent and accountable value storing virtual commodity rather than becoming a dangerous instrument in the hands of a few mischief-mongers willing to commit financial crimes if anonymity is granted to it.
Further, such kind of a scenario will compel many Governments world over to impose a ban on Bitcoin and its use.

It is only the fear of the unknown that will keep people from getting into cryptocurrency. It is true that the majority has no idea what Cryptocurrency is all about, how does it work and what could be the possible advantages of investing in a cryptocurrency. And certainly, for any layman, such questions must be raising a lot of doubts in his or her mind for venturing into the world of cryptocurrencies. Humans have always believed in conventional wisdom since times immemorial. They have always opted for tried and tested methods but whenever the question of trying anything new and revolutionary arose humans have always trodden cautiously. It is only about time that people will realize the importance of investing in a highly advanced, sophisticated and secured value storing currency like cryptocurrency. We can say that it is only a lack of education that can be held responsible for people's ignorance and fear of cryptocurrencies. As far as unpredictability is concerned, who knows what the future hold for us. We may live for 10 thousand years on this planet or there could an apocalypse tomorrow. Same can be said about cryptocurrencies. All those investors who have reaped huge returns on their investments in cryptocurrencies must be wary of all the pitfalls of investing in it. The best advice is to do a thorough research before getting into cryptocurrencies. Instead of asking a question like what will people from getting into cryptocurrency? ask what is it that keeps people interested in cryptocurrency. Honestly, the answers are many to this question:

a) Cryptocurrencies facilitate Quicker, cheaper, and secure bank transfers

The way we or even transfers money is so obsolete. Some bank transfers even take a couple of days to complete the transaction, with correspondent banks and nation-specific clearing intermediaries involved on both sides. However, by using digital currency, bank transfers could be completed in no time as they are cheaper, safer, and quicker when compared to the conventional transactions.

b) An encouragement to global remittances

Utilizing digital currency, even private users can transfer money directly whoever they want through smartphones, of course, with the only rest fee being those taken by the exchange platforms. While conventional money transfer companies had to have carry principal just in case of any delay in international money transactions, capital requirements are very much necessary for companies who use digital currencies.

However, minimizing the fee may make it simpler for small players to take steps in the remittance picture or for current players to make transactions possible in even small towns and extremely remote countries.

c) Safe money for the poor

Digital currencies can become a safe and secure way of payment especially in nations where the majority of the citizens do not hold bank accounts. While utilizing Bitcoin as another currency in such nations would expose people in the country to a particular amount of risk, but still, it would be a better one when compared to the current options especially in high-inflation countries. For instance, it is safer than stashing hard cash at home or purchasing precious jewelry.

c) Discovering the potential of e-commerce

Since virtual currencies allow customers to transfer funds just like an email or a message, online shopping soon turns into a much smoother and more straightforward process. Digital currencies can also let SMBs in developing nations to more interact on a global level in e-commerce.

To say the least, Bitcoin and blockchain technology are indispensable. Bitcoin is a byproduct of Blockchain technology and both go hand in hand. However, if we talk about which is to stay longer then obviously Blockchain technology is to stay here in the long run. Blockchain technology is a revolutionary technology which is going to transform the whole financial ecosystem. We can see that the Banking system is already incorporating the blockchain technology which is proving out to be a boon. In the wake of many financial crimes happening all across the globe, blockchain technology is going to revolutionize the financial industry. On the other hand, Bitcoin is a digital currency which is in the form of a digital ledger supported by the blockchain. Bitcoin is the byproduct of the hype created in the market and the trust created in it due to its high-security feature backed by the blockchain technology. Bitcoin which is highly volatile in nature is giving a lot of people reasons to doubt its sustainability. No one knows when the bubble might burst. Yet people are risking their money in it. But what the future holds for Bitcoin, that only time will tell. So, certainly, Blockchain technology will survive the tests of time.


Bitcoin is everywhere. Bitcoin is the future. Probably a couple of things more you must have heard about Bitcoin that makes it unstoppable. Right. You would be more intrigued in the future of Bitcoin especially if you are a business owner and are trying to incorporate it into your payment gateway options. If you are not then you could be missing out beautiful and promising opportunities to grow and expand your brand.

The critics across the globe in the Finance sector have weighed in, and the consensus is that they are huge things on the horizon in the future for Bitcoin. This statement stands true as long as China doesn’t take any drastic steps like legislative bans, the utilization of Bitcoin would likely continue to increase around the world.

It is undoubtedly true that Bitcoin is a revolutionary way to accept payments from customers and clients at a much lower cost when compared to credit cards and 3rd-party payment options like PayPal. However, bitcoin indeed is more than just another level of the advanced payment system. Bitcoin is a borderless currency that is accepted in almost all nations and is not regulated by any financial institution or bank. No matter what business you are into, this differentiator offers so much more upside and potential beyond just processing payments.

The below are the some of the primary reasons that you can see if you start including Bitcoin payment method as well:


1. Lower transaction fee

2. Faster transaction process

3. Avoid chargebacks

4. Prevention of fraud

We at Bitssa.com believe that Cryptocurrency and fiat currency are the two sides of a coin. Fiat currencies are regulated and recognized by the Government of the day in most countries whereas Cryptocurrencies have become a global phenomenon due to their global presence and acceptance despite being decentralized, unregulated and unrecognized by many Governments in the world. Fiat currencies are stable and mostly they are subjected to artificial inflation in order to control economies whereas Bitcoins are a very volatile currency as its demand mostly runs on the hype created in the market. If we were to draw parallels between the Cryptocurrency market and its functioning with any other market then it is certainly the stock market. Cryptocurrency behaves like shares. The increase in the market price is only due to the demand created for that particular cryptocurrency. Every year, people send almost 500 billion dollars in the form of remittances from developing countries across the globe. This is the amount that can exceed FDI. With international fee varying from 5 to 10 percent for transferring 200 dollars, the number is quite a burden for normal people. Now, the emerging technologies have the potential to assist people in transferring the amount fast and cheap. Utilizing digital currency, even private users can transfer money directly whoever they want through smartphones, of course, with the only rest fee being those taken by the exchange platforms. While conventional money transfer companies had to have carry principal just in case of any delay in international money transactions, capital requirements are very much necessary for companies who use digital currencies.
Africa is one good example to show that the explosion of smartphone technology educated that even developing countries also eligible to lead when it comes to high-end technology. According to a source, more than 60 percent of commerce in Kenya is taking place through smartphone credits as a source of exchange. Everyone can store money and transfer credits to other users, but the only problem is that the fee is too high. Cashing out will cost nearly 20 percent even though the great embracement of the credits result in many customers spending the credits directly without having to pay large amounts in the form of fee.

We at Bitssa.com are of the view that Bitcoin is not a currency due to the following reasons:

Not Asset-backed: Firstly, Bitcoin is not an asset-backed currency just like any other fiat currency backed by gold or oil such as the USD, GBP, Euro, or INR. However, Bitcoin can be considered to be backed by the trust it has in the market due to the hype created on the internet attributing to its high-security feature. Again this is not a real asset.

Not centralized: Secondly, Bitcoin is not a centralized currency. It has a global presence. Unlike, the fiat currency, the bitcoin is not country specific.

Not regulated: Bitcoins are not regulated by any bank or Central/Federal Government. This is a mandatory feature for granting a currency status to a coin or money-bill.

Not a Legal tender: Bitcoin is not a legal tender bearing the signatures of a Banker or Finance Minister of a country providing it legal sanctity to buy or sell products and services. However, there are exceptional cases where Bitcoin is accepted for payment on certain e-commerce websites.

Highly unstable: Another very important criteria for not granting currency status to Bitcoin is that it is highly unstable and moreover volatile. If seen from the angle of any fiat currency such as dollar or pound, they are highly valued since they are stable and causes the consumer to trust blindly in its value as a currency. Whereas, Bitcoin is not as trustworthy as far as its value is concerned. Its value may appreciate and depreciate by 30-40% in a matter of a few months.

In principle, an accepted currency must fulfill three functions: to be a means of exchange and payment, a unit of calculation and a means of preserving value. According to a comparison between gold, CHF and bitcoin (but also valid for all other cryptocurrencies), there is no economic argument to classify bitcoin as money.

Yes, it is very much legal. They've got the best and high-level computational power in order to dig effectively and can take the high-level electricity consumption. Nevertheless, Bitcoin mining machines have become widely specialized recently and it usually does mining by extremely specialized software, supercomputers, and a lot of electricity.

We at bitssa.com believe that countries that have banned Bitcoins will accept Bitcoins sooner or later. In his budget speech of 2018, Indian FM Arun Jaitley rightly pointed out that "Cryptocurrency is not a legal tender" which means it is not like any other regular fiat currency which can be used for buying or selling products and services in India. However, this does not mean buying bitcoin is illegal in any country including India. It is just a matter of time when the Governments will seriously consider the option of giving legal status to Bitcoin. There were some real fears on account of which the Governments came out with certain guidelines against the use of bitcoins such as terror-financing, black money laundering owing to the unregulated and decentralized character of bitcoins. But, terror-financing and money laundering also happen through Hawala-transactions. So, bitcoin is not solely responsible. If we consider the volatile nature of Bitcoin, imagine the kind of remittances it will generate if it was made legal in these countries adding to the GDP of the country. Bitcoin is a byproduct of a revolutionary technology (blockchain) which is here to stay for good. There are speculations that in the coming years Cryptocurrency will replace cash money. And we hope that is soon to happen.

We at Bitssa.com believe that nobody has seen the future. And that is why it is extremely important to learn and understand the hidden factors which could cause Bitcoin’s price to increase in the years to come. There are hundreds of other cryptocurrencies that were introduced after Bitcoin but failed to gain the traction and apparently have stayed in the dark. This is enough for us to understand the fact that Bitcoin is very much different from other cryptocurrencies whose value rose to thousands of dollars from literally nothing. Understanding what this means is important for a fruitful investment in Bitcoin.
As of now, there is no hype or speculation. The Bitcoin market is very much matured and the prices are moving at a moderate speed. Of course, the prices of Bitcoin are witnessing a substantial growth, faster than various stocks. As a matter of fact, these gains are very much within the province of reason.

These balanced and sensible gains should continue in the future as well. Of course, this is not wishful thinking instead by taking into consideration the slow supply of Bitcoins in a combination with the rising authority of the currency and its expanding adoption by people around the globe.

We at Bitssa.com believe that, no matter what, every coin has two sides. In order to make a thorough decision, you have to see the pros and cons in detail so that you can make an informed choice. With cryptocurrency, it will be more about people's acceptance than technology. The technology is here to stay. It is just a matter of time before cryptocurrencies are made legal in every single country across the globe.

We at bitssa.com believe that Bitcoin is not for the risk-takers. Just like purchasing a home or a car, people are planning to invest or buy a Bitcoin or any other crypto-currency for that matter carefully. For the past couple of years, we have been hearing a lot of questions and opinions about investing in different digital currencies which includes Initial Coin Offerings.

Whenever I think of crypto-currencies, I certainly see a revolutionary technology that is letting both people and institutions to immediately transfer huge amounts of the sum in a secured way without involving any middlemen. Already the digital currencies are already expanding international commerce, and very soon we can expect the digital currencies to support financial inclusion and completely turn around the way we shop, invest, save, and run businesses in ways we cannot even imagine how yet.

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London based Platio, the banking innovator offers customers a Smart banking Ecosystem to protect them from vulnerabilities and to make crypto an accepted method for payments. While blockchain still remains the disruptor that can change the way transactions are made, progress has not been as expected due to concerns of consumers, says the company.

The wild fluctuations in the value of cryptocurrencies are a reason for users to distance themselves, as most users will not be in a position to monitor and track values.

Read full here: https://blog.bitssa.com/banking-innovator-platio-offers-smart-banking/

IBM announced the launch of blockchain based payments, partnering with Stellar Blockchain, dispensing with the need for banking intermediaries in institutional transactions. Called the Blockchain World Wire payment network, it offers clearance and settlement of transactions in near real time.

The company’s announcement on its website stated that the product involved the use of a digital asset as a bridge between two fiat currencies, facilitating the settlement.

Read Article: https://blog.bitssa.com/ibm-announces-blockchain-based-pay…/

One popular crypto that has bucked the trend, in a negative way is Dogecoin. While its BTC broke through $7300, DOGE dipped by more than 35%, from the historic levels it enjoyed in March. However, a closer look at the intraday figures indicate that this was more of a market correction to bring down the gains of over 50% that DOGE enjoyed.

Read Full Article: https://blog.bitssa.com/doge-undergoes-massive-correction-plunges-by-35/

Blockchain Scholarship to be launched by University of Malta:

Malta takes another interesting step in the cryptocurrency and blockchain domain as both the University of Malta and Malta Information Technology Agency decide to offer funds of €300, 000 as blockchain scholarship for students who want to continue their studies in blockchain and distributed ledger technology in the upcoming academic year. These funds will be made available for students who want to specialize in engineering, ICT, law, and finance.

Read More: https://blog.bitssa.com/blockchain-scholarship-to-be-launched-by-university-of-malta/

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