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Simplifying The Blockchain Will Produce Mass Adoption

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Crypstone will solve blockchain illiteracy through awareness

As interesting as it may sound, until the blockchain is clearly understood, it cannot drive mass adoption.

– Obele Johnbosco

Blockchain is a publicly distributed ledger of transactions that can be used to record and track anything of value from  financial transactions to medical records or even land titles. By design, blockchain is resistant to modification (i.e immutability) and ensures transparency because it is decentralized.

My journey in the crypto space has been fascinating because the more you go, the more you get to learn and meet a lot of several other smart people in the space. I heard about bitcoin and blockchain through a friend mid 2016. Initially , I perceived bitcoin to be just an investment commodity use for online investments. As time went on, it was now clear to me that blockchain technology & cryptocurrencies have a whole lot of value and is also a big ecosystem on its own. Early 2017 , I  and my team decided to play big in the space by creating a business around bitcoin and blockchain ecosystem.

Am passionate about the decentralized & transparent data record and tracking system of the blockchain as it can be applied for financial records & transactions (e.g bitcoin), Real estate systems, election & voting systems and so much more.

Crypstone is renowned bitcoin wallet service provider, bitcoin btc/fiat exchange and Bitcoin payment processor for local & international payments.

       PROBLEMS IDENTIFIED 

  1. Poor education in the country on what Cryptocurrency is, its benefits and demerits.
  2. Scams associated in buying and selling of bitcoins to unverified merchants.
  3.  Loss of funds due to carelessness of some crypto holders and traders.
  4.  Inability to convert digital assets with ease to fiat when needed.
  5.  Unavailability of a secured payment system that allows online and offline merchants accept digital currencies.

 Crypstone is set to bring solutions to the above listed problems as we have been doing a lot of sensitizations all over the nation through seminars and conferences. We will continue till a greater percentage of Africa is covered. Our exchange  have solved the problem of falling to scams when one wants to buy or sell bitcoins and also make it easy for one to convert digital assets to fiats very easily . Finally, our payment processor will enable online and off-line business owners accept digital currencies as one of their mode of payment thereby driving the mass adoption of cryptocurrencies .

We hope to cover more countries in Africa and globally by extending our services to them as we are set to become the  giant of Africa in the global crypto space.

Two things are paramount when you talk of adoption of the use of cryptocurrencies , proper education on it and simple technology that will facilitate its usage. These are the exact things we have provided and definitely, it will drive mass adoption of Cryptocurrencies.

– Johnbosco Obele

One of the practical implications of the above are seen in similar news where automobiles like Mecerdes-Benz adopt blockchain for sustainable supply chain. Also the use of Bitcoin to secure Amazon and Itunes Gift cards is another clear use case.

Point is, when the blockchain can conveniently be used in our every day life, then and only then can we brag about adoption.

Crypstone team is made of very smart and intelligent people, starting from the CEO to the least person in the team. I met my team members during my school days . Some in my secondary school period and others in my university school days . It has been great working the team and we have always  remained focused in making Crypstone a reputable brand to reckon with whenever one talk of cryptocurrency in Africa.

Disclaimer:

The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site. 

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I love working with Corporate Brands. Also I am a SEO Expert, Blockchain Speaker and Writer, Strategy Lead at SMMA, Freelance Content Creator, Editor, Business Developer and finally blogger at Cryptotvplus.

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UNICEF Gets into the Cryptocurrency Industry as it creates a Crypto Fund

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The United Nations Children Fund UNICEF has made move into the cryptocurrency industry. The body through the creation of a crypto fund successfully achieved the move into the industry.

According to a press release dated 8th of October, 2019, UNICEF announced it will now be able to receive, hold and send cryptocurrencies through its newly established UNICEF Cryptocurrency Fund.

“Together with UNICEF, we’re taking action with the Cryptofund to improve access to basic needs, rights, and resources,” – Aya Miyaguchi, Ethereum Foundation

The fund according to UNICEF will be used to fund open source technology benefitting children and young people all over the world.

Executive Director of UNICEF, Henrietta Fore was quoted saying “this is a new and exciting venture for UNICEF. If digital economies and currencies have the potential to shape the lives of coming generations, it is important that we explore the opportunities they offer. That is why the creation of our Cryptocurrency Funds is a significant and welcome step forward in humanitarian and development work.”

Funds contributed to the fund will be held in the cryptocurrency of contribution and given out to beneficiaries in same currencies.

At current, UNICEF only supports the two largest cryptocurrencies by market cap, Bitcoin and Ethereum and the first contributions to the fund will be received from the Ethereum Foundation. The contribution will benefit three grantees of the UNICEF innovation fund and a project of coordinated by the GIGA initiatives, UNICEF revealed.

Expressing excitement at the development, Aya Miyaguchi, Executive Director of the Ethereum Foundation said “The Ethereum Foundation is excited to demonstrate the power of what Ethereum and blockchain technology can do for communities around the world. Together with UNICEF, we’re taking action with the Cryptofund to improve access to basic needs, rights, and resources,”

Continuing, she said “We aim to support the research and development of the Ethereum platform, and to grow the community of those that benefit from a technology that will better countless lives and industries in the years to come. We’d like to thank UNICEF and the UNICEF family of national committees for their leadership as we create real progress together.”

The Ethereum Foundation will make its initial donation through the French National Committee, and the UNICEF Innovation Fund grantees that will receive their first donations are PrescryptoAtix Labs and Utopixar,  UNICEF reported.

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First of its Kind in Africa: SisiPower to Empower the ‘African Sisi’ with $1m Entrepreneurial Grants and 150m Anion Sanitary Pads to women and the less privileged girl-child in Africa

Sisipower is committed to positioning the African sisi and equipping HER with one of the most trending innovative skills and technology, which is blockchain.

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Sisibox -Nigeria's first Sanitary Product powered by the Blockchain

Sanitary pads which is supposed to be readily available and affordable to every girl or young woman in Africa is not. Though we have some sanitary pad brands in the market, it’s just that many of these girls and women can’t afford to buy and use them for their monthly menstrual circle. In order to get these pads, these young women find themselves in despicable situations where they are forced to have sex with the chemist or shop keepers who sells these items. They are also exposed to having sex with any available male in exchange for sanitary pad. So sad that girls have to sell their dignity just to get a paltry sum of money to care for their monthly period.

It is also not new as research shows that many girls especially in public secondary schools miss class during their menstrual period. They do this as a result of the fear of being shamed by boys and girls alike for the blood stains that reflects at the back of their skirts. Not only that, some of these girls, if at all they try to come, end up using unhygienic materials like dirty clothes or tissue papers. And while they are away from school they miss out on academic lessons which affect their overall academic performance and deny them of better future prospects.

A look at our female prisons wards, tales of woes, agony and pains as another worrisome situation is brewing there. In the prisons, we have a situation where about five female inmates have to share one sanitary pad. Thus exposing them to all manners of highly contagious disease and infection.

Some of these girls and women when interviewed say, “we can’t afford to eat three square meals how much more buy a sanitary pad.”

In putting an end to this problem which have skipped the eyes of many, BEEP Foundation, a concerned non-governmental organization launches SISI POWER, a campaign to empower indigent women and girls with 1 million Dollars and 150 million sanitary pads across Africa, though starting from Nigeria.

This cash will be given as business grants to indigent women, after proper training. Also, they shall be mentored by successful business women and the foundation to ensure they make better use of the grants given to them.

For girls, they shall have access to free monthly sanitary pad and access to Blockchain Technology, ICT and life skills training which makes it possible for them not to sell themselves short just for sanitary pads. They will be trained in the following areas; Coding, Mobile App Development, Animation, Digital Marketing, Graphic Designs and other relevant courses that ensure for their self-sustenance, productivity.

With this innovative gesture, BEEP Foundation through the launch of Sisi Power has placed itself at the forefront of poverty eradication, entrepreneurial empowerment of Girls and Women in Africa.

The narrative has to change , Sisipower is committed to positioning the African sisi and equipping HER with one of the most trending innovative skills and technology, which is blockchain. SisiPower leads the way in its application of blockchain technology by enabling acceptance of donations in BMCTokens and made provision for acceptance of a smart contract shared Master-Node Equity reward on the blockchain to support and sustain the vision and mission of sisipower.

Sisi Power is an initiative of Beep Foundation, a foundation geared at providing empowerment and innovative development in Africa.

Operations Head Office : 15 Yinusa Adeniji street off Muslim Avenue ikeja lagos Nigeria. www.sisipower.org. Info@sisipower.org.

A few members of the executive team were unveiled at the event.

Amb. Dr GIlead Okolonkwo - Brain and Founder of the Sisipower Initiative

Amb. Dr GIlead Okolonkwo – Brain and Founder of the Sisipower Initiative


Dr Chinwe Ikpe- Global Director of grants and Operations

Dr Chinwe Ikpe- Global Director of grants and Operations SisiPower


Dr Stephany Nwanmah - Global Director of Strategy and Partnership Sispower

Dr Stephany Nwanmah – Global Director of Strategy and Partnership Sispower

This launch happened on Saturday, 28th September, 2019, at 10:00am at the ZAAZ Hotels, Ikeja, Lagos.

Find Photos of the event here

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Bitcoin Cash Support Added to HTC Flagship Smartphone, the Exodus 1

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Image: Bitcoin.com

Bitcoin Cash support has been added to the Exodus 1, the flagship smartphone of HTC as part of a new partnership between the Taiwanese smartphone consumer electronics manufacturer and Bitcoin.com

The Exodus 1 which is an Android powered mobile phone is the first native web 3.0 mobile devices with architecture that secures crypto assets. The device has an easy to use digital wallet, Zion Vault whose software interfaces with the device’s hardware security.

The wallet allows users to store and make transactions using the bitcoin cash cryptocurrency without having to be exposed to remote system penetration.

According to Bitcoin.com, the partnership will see HTC pre-loading the firm’s popular wallet app on the device. In turn, Bitcoin.com will offer for sale the Exodus 1 Flagship device and other lower device from the manufacturer on the Bitcoin.com online store. The lower priced device Exodus 1s will also feature same native bitcoin cash support which the flagship users are to enjoy.

Speaking on the partnership, Bitcoin.com CEO Stefan Rust said “There are so many synergies between Bitcoin.com and HTC. We are very excited to be on this incredible journey together.”

Roger Ver, the Executive Chairman contributed saying  “Bitcoin.com’s partnership with HTC will enable Bitcoin Cash to be used as peer to peer electronic cash for the millions of HTC smartphone users around the world.”

Based on the news reporting arm of bitcoin.com, HTC sees great promise in cryptocurrency and that is the reason why it has added support for bitcoin cash.

The Taiwanese firm’s Decentralized Chief Officer Phil Chen speaking on the importance of the partnership between both organizations said “Smartphones are everywhere and have proliferated across the planet. It’s very important for the adoption of crypto that it is easy to store and use, no matter which cryptocurrency is preferred by people. So the fact that BCH, one of the biggest cryptocurrencies, is now easy to use on our smartphone is very important for us. Together, HTC and Bitcoin.com are helping to bring crypto to the masses.”

He went further saying HTC believes in user ownership of, control of their data and cryptocurrency presents the best opportunity to start the journey into owning personal data. Understanding the fear of users owning and controlling access to their data, Phil Chen believes this will significant impact the business models and revenues of these ‘powerful firms’.

HTC believes the smartphone will be the tool which will allow users manage, access, store their digital assets.

Bitcoin.com revealed that future plans of the partnership includes offering discounts when paying for goods in BCH as well as sales of the Exodus phones on store.bitcoin.com

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Businesses Can Now Accept Ether as BitPay Add Support for Ethereum

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Largest global blockchain payment processor Bitpay has announced customers will soon be able to safely, securely and compliantly accept Ethereum for purchases without the need for any further integration.

It also revealed that wallet users will be able to store and use the second largest cryptocurrency by market cap  in their wallet and BitPay Prepaid Visa Cards holders can top up debit cards.

BitPay formerly supports Bitcoin and Bitcoin Cash and has now added Ethereum to its list of supported digital assets on its payment processing platform.

Accesses to foreign exchange in some jurisdiction is a challenge to businesses and with the advent of bitcoin, businesses can easily and effortlessly receive payments from all over the world from users with the three supported cryptocurrencies.

BitPay speaking on the achievement was quoted saying “It is exciting to see BitPay leading the way in integrating Ethereum into global payment systems,” said Vitalik Buterin, founder and creator of Ethereum. “This truly opens up a new world of possibilities for the Ethereum ecosystem, and together we can continue to be a leading innovator for real world use cases for cryptocurrencies.”

BitPay offers stable coin settlement with Circle CENTRE USDC, Gemini Dollar (GUSD), and the PAX as well as in 12 currencies and direct deposits in 37 countries.

According to BitPay, it calculates prices displayed on invoices in 150 countries and can settle in over 200 countries. It further said that, for merchants who desire to be settled by bank transfer, the transfer is initiated the next day and cryptocurrency is settled the next day.

BitPay was founded in 2011 as the pioneer bitcoin and blockchain payment with large number of merchants already using its payment processor such as Microsoft, Newegg, Dish Networks etc. It enables users to manage digital assets with the BitPay walllets and turn digital assets into dollars with the BitPay Visa Card.

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