Bit2Me launches Bit2Me Pay, a kind of Bizum for cryptocurrencies that would work just like the famous service created by banks in Spain.
They are being turbulent weeks for the controversial sector of cryptocurrencies. But right in the middle of this maelstrom of falls and crashes, Bit2Me continues to enter the business of buying and selling bitcoin or ethereum, among others. Now, the Spanish startup that filled the cities of Spain with posters supporting Bitcoin – one of them in front of Bank of Spain denier – announces that it is launching a kind of Bizum for cryptocurrencies .
What is Bizum for bitcoins and how does it work? Named Bit2Me Pay, the reality is that sti modus operandi is not far from the consensus product among large financial institutions in Spain and that it has been triumphing since sti launch. In the words of Leif Ferreira, founder of the startup, to Hypertext, "Bit2Me Pay is a clone of Bizum", which allows me or to add to the cryptocurrency sector "something in the foreign exchange traditional works very well." That is to say, the version that offers the Spanish startup is a pair of Bizum original with the peculiarity of integrating cryptocurrencies as one of the options of payment or any transfer of bitcoin, ethereum, cardano, ripple, dogecoin, or pax gold, among many others. And it is to integrate because, infact, the technology also enables the payment in euros.
No fees and instantly, the Bizum of cryptos works under the same system of phone numbers.Only know the number or e-mail account of the receiver will be able to proceed with the shipment.It is not necessary for this to be registered within the application itself.Logically and to be able to access the funds, the recipient must be registered in the application."If 7 days notice is not registered, the transfer of cryptocurrencies return to sender", they explain.
Also, you can transform the transfer of moneyin euro to cryptocurrencies, and vice versa, at the time of the operation.Adding the option of exchanges among the 50 countries in which Bit2Me is available.An advantage you would not enjoy the classic Bizum and that the company has positioned itself as one of the best advantages of the new service.
Bit2Me Pay is, in short, some of the other options you want to compete with the original Bizum.Now withlimitation on use, and more secure future approach to commissions.The proposal of the Spanish startup would be in line with the field of work that Look I've been managing for a long time.
Now, what is the point of the launch of a Bizum of cryptocurrencies?What is certain is that Bit2Me explains this means that, for the moment, there is not the purpose of monetization of the service, and the company continues to focus his business on the fee for currency changes and transfers.It would be, ultimately, a way of retaining and achieving users.Using a model similar to that which has succeeded with Bizum and "forcing" the receivers of the currency register in the application.
A difficult time for the Bizum of the cryptocurrencies
In addition to the launch of a Bizum of cryptocurrencies, and with an Elon Musk something more relaxed in the discussion since that Tesla removed the option to buy their electric cars with bitcoin, the reality is that the crypto sector has not had a good week.Perhaps the announcement of Musk re -accept payments in the future, as long as the mined to reduction in the power consumption, we took it as an opportunity for the ecosystem.
The simple announcement of Tesla, via Elon Musk, it was a collapse in chopped the value of many of the cryptocurrencies in circulation.Bitcoin, as it could not be of another way, was the most affected.
They say that time returns the waters to their course, but this has not been the case for cryptocurrency enthusiasts. China's announcement to block any transaction related to the digital currency has come as a shock to the sector. Some statements that, despite not being new at the time , have now had a tangible effect on their value. So much so that it is already announced that China will lose almost 90% of its mining farms; a highly important issue if we take into account that it was the most active country in this matter.
For Bit2Me, the case of China is simply anecdotal: "China within stis way of thinking, wants to censor the ability of citizens, but we want to think that common sense will reign. Sooner or later there will be a currency agnostic to governments to get out of the dollar reference".
In parallel, and not so fuss as in the case of the people's Bank of China, there have been few times in whichthe Bank of Spain–in conjunction with the SEC– has warned his concern about the increase of interest in the bitcoin and other cryptos.It is a product of "high-risk" pointed.in the same line,the OCUyou have also pointed out on the increase of scams through cryptocurrencies.Despite all of this, pointing to Leif, "level regulatory and institutional every time there is more acceptance and gradually cryptocurrencies are taking their position".For this reason, to understand that it is the best time for the launch of their species of Bizum.
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