Lastbit’s Wallet Hopes to Make Spending Bitcoin Simple One Day – Bitcoin Magazine

Lastbit, a Berkeley-based startup, has announced the beta launch of their Bitcoin and Lightning-enabled wallet. The company claims that their new solution is meant to address three critical problems preventing Bitcoin’s mass adoption:  price volatility, slow transactions, and technical complexities. Their solution for all of those problems seems simple:  allow the merchants to be paid in fiat when you want to spend with your bitcoin by just using a debit or credit card. The backbone of lastbit’s wallet is the fact that the app allows you to generate virtual credit…

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Merchant Services, Gambling, and Darknets: Coronavirus Economy Stunts Cryptocurrency Spending

A lot has changed since the coronavirus pandemic swept the globe as it has caused a wide range of negative effects on the world’s economy. On March 30, the blockchain surveillance firm Chainalysis published a report that shows how the cryptoconomy is faring from merchant acceptance to gambling, and darknet purchases as well. The researcher’s study highlights that the covid-19 environment has “brought about a significant change” by impacting crypto-based spending habits. Also read: Tiger King’s Archnemesis Big Cat Rescue Accepts Bitcoin Covid-19 Effects on the Global Economy Caused a…

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