Square’s Debut of Payment Terminal Triggers Fresh Bitcoin Acceptance Rumors

Consumer and merchant payment network Square Inc. unveiled a point-of-sale (PoS) terminal October 19 in a move which sparked excitement about possible Bitcoin integration.


Bitcoin PoS Next For Square?

Unveiled on social media and in an interview with tech outlet Nerdist, Square’s device is designed as a standalone solution for merchants wishing to accept card payments. The move comes amid testing times for Square, the company’s share price dropping 25 percent since the start of October following two high-profile resignations.

Shares are currently trading around $0.75 from highs of $1 seen October 1.

In August, Bitcoinist reported on a patent application which would see Square accept cryptocurrency payments via merchant integration. While no official product has yet surfaced, the buzz generated by the application meant Friday’s PoS reveal swiftly resulted in fresh predictions from cryptocurrency commentators.

An Evolving Market

Square has already-partly integrated Bitcoin (BTC) 00 into its product base. This happened late last year, and it began a rollout of buying and selling functionality in its consumer app which it completed this summer.

That initial step drew positive reactions from users, many of who intimated it was an upgrade they had been waiting for some time.

While Square’s narrative on Bitcoin has been more or less straightforward, it has come amid mixed signals from CEO Jack Dorsey. As CEO of Twitter, Dorsey has presided over the social network instigating a full ban on cryptocurrency advertising, a highly unpopular decision which Facebook and Google also implemented but since partially reversed.

A potential PoS cryptocurrency hook-up could meanwhile appeal to merchants already involved in the acceptance of digital assets.

In May, Bitcoinist reported that crypto merchant payment stalwarts BitPay and Coinbase continue to face stiff competition from open source alternatives amid a string of negative publicity.

In the case of BitPay, slow progress implementing SegWit support, combined with poor reliability, led one developer vowing to make the company “obsolete” with his own solution, BTCPay. CheapAir.com, the travel and accommodation service which began accepting Bitcoin in 2013, has already migrated to the alternative service.

What kind of potential do you think Square’s future holds for Bitcoin merchant payments? Let us know in the comments below!


Images courtesy of Bitcoinist archives, Shutterstock, Twitter/@StopAndDecrypt.

Cardano Price Analysis: Every Low a Buying Opportunity for ADA Bulls

Regardless of the politics around ZRX CoinBase listing, ADA could possible bottom up despite yesterday’s losses. Overly, we maintain a bullish stand now that there has been a strong correction from 2017 highs with bears threatening to dip below ADA’s all-time-lows at 6 cents.Latest Cardano NewsAs I type this, ZRX, an ERC-20 token of The Ox protocol is live at CoinBase. Well, the results are obvious and have been the source of anger, postulation and criticism moments after CoinBase availed ZRX for their US customers. While some of these criticisms may be valid and perhaps even be the basis of a wider investigation many should realize that the $8 billion US exchange does list coins at their own discretion. We can even argue that CoinBase is just like any other for profit exchange. It’s only that it happens to be popular, hack free and has the trust of the community.While ZRX is the first ERC-20 token and one of the five coins/tokens CoinBase was exploring, the fact that Cardano and three other coins were left out made no sense for many. Though Cardano doesn’t meet some of the platform’s digital framework because of its centralization—IOHK does all the mining and has no working prototype, Charles Hoskinson and the team behind Cardano are working overtime to make this project a reality.Milestones have been hit and Project Shelly is set for Q1 2019. Unless there is project acceleration, we don’t expect Cardano to be fully operational in months. However, it’s no secret that once it launches it will definitely clip some market share from Ethereum and EOS.Cardano Price AnalysisWeekly ChartCardano Price AnalysisTechnically, Cardano (ADA) is in consolidation and safe the occasional pumps and resistance around the 10 cents to 12 cents region, our previous Cardano price analysis is valid. This is so because not only are prices ranging inside week ending Sep 23 high lows but Oct 15 bulls could affirm the presence of buyers who have so far been successful in rejecting lower lows.If anything, risk-averse traders should hold a neutral stand only taking longs once there are strong gains above 12 cents. Thereafter, they can begin packing on dips with first targets at 20 cents. Conversely, any break below 6 cents—the new ADA all-time-low open doors for new lows. When that happens, we recommend selling on all pullbacks with stops at around 10 cents. Thereafter we can  let the trade run.Daily ChartCardano Price AnalysisADA is down roughly five percent in the last day but still trading below the minor resistance trend line. Obviously, it is a liquidating line preventing gains above 9.5 cents.Because of this, it’s likely that our last Cardano trade plan could materialize today or over the week. However, that is subject to gains above 9.5 cents. What traders need to see are strong thrusts triggering buyers in line with Oct 15 trend definition. Remember, gains above 12 cents automatically means ADA is bottoming up and bulls are in charge.Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.

Emma Integrates Crypto Exchanges into Money Management App

Emma Integrates Crypto Exchanges into Money Management App

Finance

Emma, a London-based startup firm specializing in money management services, has launched cryptocurrency exchange integration for its new app. The platform, which the company describes as a kind of “financial advocate” service, is designed to help millennials gain a better understanding of their finances.

Also Read: Security Giant G4S Offers Protected Offline Cryptocurrency Storage

New ‘Emerging Asset Class’

UK Money Management App Emma Adds Cryptocurrency Exchange Integration Emma has integrated several cryptocurrency exchanges into the app, including Coinbase, Bittrex, Binance, Bitstamp, Kraken and Bitfinex. With its latest development, users can view all of their cryptocurrency investments from multiple exchanges in real time using a single interface. The free app also allows U.K. consumers to look at aggregated information from their credit cards and bank statements, in addition to the cryptocurrencies and tokens they hold.

“Emma was built to empower millions of individuals to live a better and more fulfilling financial life. Cryptocurrency is the next emerging asset class and we are thrilled to welcome it as part of our family of integrations. Our users can now manage and track their crypto holdings alongside more traditional finances to make wiser and more transparent decisions,” said Emma CEO Edoardo Moreni. “For Emma, this is one of the first steps toward a world where account aggregation doesn’t just refer to banking products, but opens the doors to several financial services.”

Consumer-Focused Banking Experience

UK Money Management App Emma Adds Cryptocurrency Exchange IntegrationEmma launched in January of this year, backed by a team of finance and technology experts. In July, the company raised £500,000 in a seed round led by Kima Ventures, one of the first investors in Transferwise. Aglaé Ventures — the early stage program of French investment firm Groupe Arnault, which has previously invested in Netflix and Airbnb — also participated in the seed round.

Emma is registered with the Financial Conduct Authority in the U.K. under the Payment Services Regulations 2017. With its new app, the company aims to build a mobile-only banking solution (iOS and Android) to help young consumers avoid overdrafts, cancel subscriptions, track their debts and save money. It said it is trying to provide a more consumer-focused banking experience that will improve the financial lives of its users, by serving as a sort of one-stop shop for all of their financial information.

As a U.K. resident, do you look forward to managing your cryptocurrency portfolio with Emma’s new app? Share your thoughts in the comments section below.


Images courtesy of Shutterstock, Emma.


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