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Crypto can be bought at over 400 post office branches in the country. Last updated: July 1, 2018.

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Omnio Helps STA Travel Mastercard Take Off in Austria with Mastercard and Digital Account

Omnio Group, a banking and payment services provider formed by the merger of Payment Cloud Technologies (PCT) and Tuxedo Money Solutions, has partnered with student travel specialist, STA Travel, to launch its innovative STA Travel Mastercard and digital account on the Austrian market. STA Travel’s cash card and digital account have been developed by both Omnio and STA Travel especially with Austria’s gap-year travellers in mind. The combination of an eWallet with the traditional card is unique among existing travel payment solutions available in the country, and means that account holders can store the bulk of their funds in a secure digital space, only downloading cash to their card when and where they need it. This is crucial for Austrian gap-year travellers. Many have saved considerable sums to pay their way on their tour, so having a secure digital space to store the majority of their money until they need it ensures that, if they lose their card, they can be confident their money is safe and secure. Thanks to Omnio’s global presence, a replacement can be sent to STA Travel’s customers quickly no matter where in the world they are staying. In addition, as a Mastercard® the product can be used at any of the 35 million locations and two million ATMs across the globe where the card scheme is accepted. Speaking about the launch of the card and digital account into Austria, Anneli Buehrle, Ancillary Product & Contracting Manager at STA Travel explained: “Our launch into Austria is just the latest step for our travel payment offering – is the card and account already available to customers in the UK, Germany and Australia and is used by travellers in more than 181 countries around the world every year. “Omnio has played a key role in helping us create this unique product and achieving the international coverage we offer. The company’s global presence and local knowledge means we are able to deliver a travel payment solution that our customers can be confident about using in even the most exotic places around the world.” Rob Darby, Director of Partnerships at Omnio, added: “We’ve been collaborating with STA Travel on developing its payment solutions for a decade now, and are proud to have supported it in achieving its global growth ambitions. We’re looking forward to continuing to work with the company to create even more new products to meet its customers’ needs well into the future.” Ian Clowes, CEO at Omnio, concluded: “It’s fantastic to see how this card and digital account has gone from strength to strength in recent years. Travellers are constantly on the lookout for ways to pay for treats on their holiday without having to worry about losing their money. Innovative solutions like this, which provide the perfect balance between security and convenience for travellers can go a long way towards helping travel brands thrive in the long term in a competitive global market.” The post Omnio Helps STA Travel Mastercard Take Off in Austria with Mastercard and Digital Account appeared first on The Fintech Times.
The Fintech Times

Austria to Develop Blockchain Center in Vienna

Soon, Austria will be known for more than just its picturesque landscapes as Vienna will now be home to the Austrian Blockchain Center. A recent press release states that the development of the Austrian Blockchain Center (ABC) has been approved by the country’s Competence Centers for Excellent Technologies (COMET), the latter of which is partly funded by the Austrian government. COMET Centers (K1) focus on the research and innovation of future markets in the country. Austria Embraces Blockchain The ABC will offer a range of comprehensive competencies covering various disciplines. It will consist of 21 scientific institutions, 54 companies, 17 associated participants, and 16 international institutions and companies. In addition, the center will focus on researching technology including the Internet of Things (IoT) as well as blockchain application in different sectors such as energy and logistics. In fact, these two industries have proven to be an ideal breeding ground for blockchain with businesses focusing on renewable energy and supply chain management successfully utilizing the technology. Alfred Taudes, who is the academic director and coordinator of the center, elaborated: An interdisciplinary approach is necessary for comprehensive research into and use of blockchain technology, which is why ABC partners from many different disciplines work together. The center is a great opportunity for Austria to stay in touch with the high-tech giants in the USA and Asia in this promising field. Taudes is also the head of the Research Institute for Cryptoeconomics at WU Vienna University of Economics and Business. What the ABC Will Focus On While attempting to be as thorough as possible, the center’s topics will be divided into five areas: Cryptography, Technology, and Security Cryptoeconomic Modelling and Blockchain Applications for Business Emerging Industries and Blockchains in Manufacturing Data Science Methods for Blockchain Analytics and Predictions Legal and Political Implications Because of blockchain’s outstanding record-keeping capabilities, the center will also be looking into how it can be used in a range of applications, including corporate accounting and auditing as well as cross-border capital market transactions. Live Bitcoin News has previously reported on how Stellar and Ripple are assisting financial institutions with simplifying their remittance processes with disruptive technology. This is not the country’s first foray into the land of the blockchain. The Austrian National Tourist Office (ANTO) has partnered with a blockchain-based platform in a bid to combat fraud in the advertising industry as well as to cut costs. Do you think that Austria’s ABC will be a success? Let us know in the comments below! Images courtesy of Pixabay and Shutterstock. The post Austria to Develop Blockchain Center in Vienna appeared first on Live Bitcoin News.
Live Bitcoin News

Austria’s Financial Markets Authority Warns Against Unregulated Crypto Firm Top10Coins

The Austrian Financial Market Authority (FMA) has warned investors against an unregulated crypto firm which offers services to local residents. In its warning, the FMA said Top10Coins is offering banking services within the country that require a license. It added that the company is not registered in Austria and is therefore not allowed to offer financial services in the country. “Top10Coins is not entitled to carry out banking transactions in Austria that require a license,” the regulator said. “Therefore, the acceptance of funds from other parties on a commercial basis for management purposes or as deposits (Article 1 para. 1 no. 1 BWG) is not allowed.” Based in Hong Kong, Top10Coins claims that it helps traders participate in the crypto market by setting up accounts across different trading platforms. Users can then “simply and conveniently make a bank transfer in euros to their own trading accounts at the trading platforms.” According to its website, the service is meant for all those who have decided to invest in cryptocurrencies but do not want or cannot set up their own accounts due to lack of time or other reasons. “We have many years of experience in this field and on your behalf we request the registration and the opening of accounts in your name with the trading platforms for crypto currencies,” the company said. “This is the fastest and easiest way to open your own accounts on multiple trading platforms for crypto currencies. Usually the accounts are set up on the same day and can be used immediately.” Earlier this year, Klaus Kumpfmüller and Helmut Ettl, board directors of the FMA, submitted proposals for stricter regulations on cryptocurrencies and initial coin offerings (ICOs). Kumpfmüller proposed a “threshold-dependent” prospectus requirement for ICOs similar to that of securities. While Ettle compared the proposed regulations to existing restrictions on financial institutions, saying that “for the purchase and sale of foreign currency you need a mini-bank license.”

Austria Supports UK Cancer Research Company Using Blockchain Technology

The Austrian government is currently supporting a cancer research company from the UK that uses blockchain technology. With distributed ledger technology (DLT) it is possible to detect the disease in… Continue reading "Austria Supports UK Cancer Research Company Using Blockchain Technology" The post Austria Supports UK Cancer Research Company Using Blockchain Technology appeared first on UseTheBitcoin.
Use The Bitcoin

Blockchain for Detecting Cancer? Austria Supports UK’s Lancor Scientific Using DLT to Find Diseases

There have been numerous problems in the present healthcare industry such as data isolation, scalability, security, lack of interoperable tools and so on. Earlier, BitcoinExchangeGuide had reported on how blockchain can be an essential health tool for finding a Cancer Cure. A UK cancer research company, Lancor Scientific is reportedly using blockchain to identify the disease. What's even more exciting is that they are getting the support of the government of Austria. The company has already designed a tool to detect various types of cancer. They record the diagnosed result through smart contracts. The product is similar to Google’s Lymph Node Assistant that uses advanced AI to screen cancer. Although the product by Lancor offers a better accuracy, reaching up to 90%. The company plans to open a research lab in the city of Graz and have been working with many local universities there, including the Technical University of Graz, the Medical University of Graz, and the Sigmund Freud University Vienna. The new facility will examine the market viability and roll-out of Lancor Scientific’s patented Tumour Trace OMIS (Opto-magnetic Imaging Spectroscopy) device and the utilization of AI and blockchain technologies, with the aim of delivering accurate, low-cost and near real-time cancer screening at scale. The company wants to roll out the device in 2019 and have a target to sell as much as 10,000 units in the next five years. Notably, Austria’s Ministry of Economy is a supporter of blockchain technology. He had earlier said: “Blockchain is definitely one of the new important technologies. In addition to Artificial Intelligence and Speech Recognition, it is one of the big issues we want to highlight in the coming period of the EU Presidency.” Cancer screening requires numerous analyses for the initial discovery of abnormal cells in different parts of the body. Finding cancer early improves the chances for successful treatment and saves lives. It is of no surprise that many companies are working on this problem. Apart from the aforementioned Google’s Lymph Node Assistant, Luven Diagnostic, a cancer diagnostic company is also doing similar research. They can use a screening methodology to detect early cases of cancer with 95% accuracy. The firm even launched an ICO to fund their research.
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Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX

After partnering up with the firm behind the second largest coin XRP [XRP] Ripple as one of the +200 costumers, Mercury FX announced via their official twitter handle that they transacted their largest payment across RippleNet with a positive conclusion. 1/1 We've made our largest payments across RippleNet using #XRP – 86,633.00 pesos (£3,521.67) from the U.K. to Mexico in seconds. — Mercury-fx Ltd (@mercury_fx_ltd) January 17, 2019 Using XRP, the firm transferred £3,521.67 or $4,552.41 while they cited that UK based Mustard Foods was able to save £79.17 and 31 hours on the transaction. Mustard Foods could be one of the best examples of the impact of using RippleNet could have as it opened doors to cheaper expenses, quicker orders and faster payments. As covered by John P. Njui on EWN a few days ago, The Ripple company has announced via its website that 13 new financial institutions have joined RippleNet thus propelling the number of total global customers to over 200. RippleNet currently operates in 40 countries across 6 continents. Out of the 13 aforementioned financial institutions, 5 are confirmed as using XRP to source instant liquidity for their cross border payments. The are JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank. By the end of this year [2018], major banks will use xRapid as a liquidity tool. By the end of next year [2019], I would certainly hope that we will see…in the order of magnitude…of dozens. But we also need to continue to grow that ecosystem…grow the liquidity. – Brad Garlinghouse The success behind the team from Ripple could be standing by their marketing strategy and future plans of making the financial industry a better place to be. While not displacing traditional banking systems but helping them make payments cheaper and faster, it is finding its way to take spotlight in the crypto-verse. The post Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX appeared first on Ethereum World News.
Ethereum World News

BRD Wallet Expands Crypto User Access Across Europe With Coinify Partnership

Coinify, a European-based financial platform that provides a wallet, trading and payment processing solution, has announced that they are integrating BRD Wallet into their platform to deliver BRD wallet access to users across the European region.Specifically, the partnership provides access to virtual currencies, like bitcoin, to 34 countries across the Single Euro Payments Area (SEPA). The SEPA region is a collection of member states in Europe who are part of a payment system that simplifies bank transfers denominated in EUR. The launch is also enabled largely in part by Coinify’s newly rebranded trading solution for wallet partners.Customers will now be able to use BRD Wallet to “purchase bitcoin at cost-efficient rates with SEPA bank transfers” within Coinify’s trading platform. With BRD integration, customers will also retain control over their private keys while using Coinify.Essentially, this provides a large number of users with an efficient and secure way to buy bitcoin and other cryptocurrencies, and then allows them to immediately store it in a manner where they control what happens to their money. Typically, a user will entrust the custody of their private keys to a centralized exchange while they are waiting for trades to be executed and sometimes for much longer than that.Aaron Lasher, co-founder and chief strategy officer at BRD, highlighted the advantages of the integration for security-focused users of the Coinify platform.“We like exchanges and think security will get better in the future, but by using our integrated purchase and trading solutions, you get to keep your funds under your control 99 percent of the time, and only put them at a slightly higher risk for a short period when you make the exchange,” Lasher told Bitcoin Magazine.“Using a non-custodial wallet means that you and you alone control your funds. It’s similar to having physical cash in a (highly secure) safe at home. Only in this case, we provide our customers a digital safe (the BRD wallet) that they can keep in their pocket and carry along. Nobody else in the world has access to your funds but you, and nobody can stop you from sending or receiving funds.”Integrating a wallet that allows users to own their funds and seamlessly make trades on a platform like Coinify could help to push bitcoin adoption forward."The financial industry is ripe for disruption and we see bitcoin and the other virtual currencies as the future of payments,” said Rikke Stær, chief commercial officer at Coinify, told Bitcoin Magazine. “At Coinify, we have experienced first-hand the rising adoption of bitcoin and working with BRD as a user-friendly, decentralized wallet will only encourage the global reach of the currency."“Since launching as the first iOS bitcoin wallet in the App Store over 4 years ago, we’ve grown tremendously in North America,“ Adam Traidman, CEO and co-founder of BRD, said in a statement. “Europe will be strategic in the next phase of BRD’s global growth, and the partnership with Coinify will ensure our success in this crucial endeavour.”In August 2018, Canadian-based Coinberry exchange launched a similar BRD integration, allowing users to quickly and seamlessly buy, deposit and withdraw bitcoin on the Coinberry platform, while keeping control of their keys at all times. This article originally appeared on Bitcoin Magazine.
Bitcoin Magazine

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 Major cryptocurrency payment service provider BitPay has reported $1 billion in transactions this past year, according to a press release Jan. 16. According to the report, the company also set a new record for itself in terms of transaction fee revenue. […] Cet article Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 est apparu en premier sur Bitcoin Central.
Bitcoin Central
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