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Adoption: Customers can now pay with IOTA in Stores that Accept Apple Pay and Samsung Pay following Zeux Integration

As a means of encouraging wider use, Payments and banking services app Zeux has integrated IOTA (MIOTA) for crypto payments in stores for retailers in a collaboration with IOTA Foundation. This is to be fully available in a few weeks time according to an announcement by the Zeux team on Medium. According to founder and co-chairman of IOTA Foundation David Sønstebø, this partnership is a major step for the company that will make IOTA use more convenient. “This partnership with Zeux will provide a significant convenience benefit for IOTA ecosystem. We are very excited about this. Now IOTA digital currency can be used as payment with merchants that accept Apple Pay and Samsung Pay. By combining existing technology with another form of currency, this is a big step forward towards the adoption of crypto for the masses.’’ Speaking on the partnership, Founder and CEO of Zeux Frank Zhou said it is an avenue to increase the adoption of the digital asset and is just the first step to giving IOTA users more financial freedom. Meanwhile, IOTA has gained over 5% since the announcement of its integration with Zeux. this is an indication of the potential adoption this cryptocurrency stands to gain as a result of the integration which will bring it to thousands if not millions of users worldwide. Zeux is an app of the UK origin that provides payment services. The app is to be launched in April and made available in Europe within the year and America in 2020. Its integration of IOTA is a win-win as the CEO described IOTA’s Tangle as an ideal platform for them to build their customer data Dapp. Tangle is a specialized distributed ledger technology that is specifically meant for the internet of things, which the IOTA Foundation’s primary mission is to support. Apart from fee-less real-time payments, the Tangle is also an open-source protocol that facilitates secure data transfer and the collection and dissemination of sensor-based and other data. Zeux mission is to bring crypto as well as fiat micropayments to retail stores around the world through facilitating fee-less real-time payment as well as enabling integration of banking and investment services with it in one, making it a convenient way to do everything with funds without going out of the app. The post Adoption: Customers can now pay with IOTA in Stores that Accept Apple Pay and Samsung Pay following Zeux Integration appeared first on ZyCrypto.
ZyCrypto

IOTA [MIOTA] surges by 7% as retail expansion prospects brighten following Zeux App integration

IOTA [MIOTA], the 14th largest coin in the market was buoyed by its recent integration with the Zeux platform, resulting in the coin surging by 7% against the US Dollar. The coin closed the gap with the privacy-centric Monero [XMR], and trailed the latter by $15 million, at press time. Zeux announced the MIOTA addition on 21 March via a Medium blog post, and added that this integration will boost the coin’s retail use. Merchants that cater to Apple Pay and Samsung Pay users will now accept MIOTA as well. The Zeux platform will roll out in Europe by April, and will enter the US in 2020. The application claims to be a “digital banking solution for both fiat and cryptocurrencies,” and plans on tying up with several merchants at the retail level. Zeux already received its license from the UK’s top regulatory body, the Financial Conduct Authority. Their tweet announcing the integration stated, Source: Twitter Frank Zhou, Founder and CEO of Zeux, believes that the partnership will help propel cryptocurrencies into mainstream retail use. Zhou is looking forward to working with IOTA’s Tangle technology, a Distributed Ledger Technology [DLT] facilitating machine-to-machine interactions, seamless micropayments, and data transfers. Referencing Tangle, he said, “As a distributed ledger with zero transaction fees, The Tangle is a very promising chain for us to build our customer data Dapp.” Source: Trading View IOTA was trading at a stagnant price level of $0.291, with a brief surge to $0.302 on 16 March. After dropping to $0.285, the coin later saw a massive increase of 7.97 percent and pushed the price to $0.308. The rise continued with the coin reaching $0.315 in the next six hours, peaking at $0.323 on 22 March. At press time, the coin was trading at $0.319. This was the coin’s highest price since 24 February. In terms of market capitalization, the coin was hovering around the $830 million mark, prior to a drop to $806 million. Following this, the coin’s valuation shot up to $876 million, peaking at $899 million. At press time, the market cap had dropped by over $10 million, and was valued at $887 million. The South Korean exchange, UPbit, took the top spot in terms of IOTA trade volume, accounting for over 27.6 percent of the total volume in the trading pair IOTA/KRW. Other prominent exchanges in the MIOTA market were Binance, Bitfinex, and Huobi Global. Zeux had previously integrated Qtum [QTUM] on its application, resulting in a whopping 36 percent price hike for the coin. The post IOTA [MIOTA] surges by 7% as retail expansion prospects brighten following Zeux App integration appeared first on AMBCrypto.
AMBCrypto

Zeux Lists IOTA for Crypto Payments at Retail Stores, Encouraging Its Wider Adoption

On March 21, the Zuex app team made an announcement through their Medium blog that the company has taken another step towards the cryptocurrency world. This time Zeux has added IOTA (MIOTA) to the list of its payment methods. IOTA will let you buy regular things at regular stores In a few weeks, regular buyers will be able to use IOTA to pay for goods and services in shops that are friendly towards Apple Pay and Samsung Pay systems. Zeux has got an FCA regulatory license. This company that works in the field of financial services is preparing to launch in the EU next month. In 2020, it intends to roll out to the US where it will be cooperating with a great number of stores – from ones selling grocery to coffee shops. We are excited to announce we are adding another #cryptocurrency #IOTA token for crypto #payments in @ZeuxApp https://t.co/MYnbon8btQ@iotatoken @frankjzhou @DavidSonstebo @DomSchiener @NickAyton @popochen888 @pomp— Zeux (@ZeuxApp) March 21, 2019 The platform will enable its customers to do several things in one place, i.e. conduct payments, store funds and invest them. The app will work both with fiat and cryptocurrencies. A beneficial cooperation The founder of IOTA, David Sønstebø, believes that by collaborating with Zeux his company will get IOTA adoption to a much higher level than the one the coin is standing on now. The CEO of Zeux, Frank Zhou, seems quite enthusiastic about helping to bridge the crypto industry with the world of traditional economy and fiat. He reckons that Tangle, the independent blockchain protocol used by IOTA, is a good basis for developing Dapps and that Zeux may use it for this purpose in the future. In an interview, Zhou shared that he is glad that Zeux will be able to give IOTA users more financial freedom. Zeux and other crypto coins About a week ago, the banking app added another digital coin to its arsenal of financial tools – Qtum. Once the app launches, its users will also be able to pay for goods with this coin or invest it. Earlier than that, the app teamed up with Bitcoin SV, so now this token will also be used by Zeux customers. Crypto adoption via retail payments Many experts and crypto enthusiasts are certain that massive adoption of decentralized digital currencies first of all depends on user awareness and opportunities to conduct everyday payments. Some crypto coins are already accepted by numerous merchants thanks to many apps and payment systems, such as Spend app, CoinGate, TravelbyBit, etc. Tron and BitTorrent offer their own card which enables users to spend these two coins, TRX and BTT, directly, with no third-party apps. The post Zeux Lists IOTA for Crypto Payments at Retail Stores, Encouraging Its Wider Adoption appeared first on Ethereum World News.
Ethereum World News

Is The IOTA On A Step Forward To Decentralization?

Znet is now open to the world, and this is according to the latest reports by IOTA. The official launch of Znet has made headlines as this stands out as the flagship of a testnet that has done away with the role of a Coordinator. However, Znet in the last few weeks has been operational with ample room now created for participation and contributions from members of the community. The coordinator-less (or Coo-less/CLIRI) function was innovated in response to criticisms hauled against IOTA because of its minimal decentralization. The IOTA development team now have a window to address possible challenges that may arise with the mainnet as the test phase opens. Coordicide: A Network Without A Coordinator The IOTA decision to release a new testnet driven without a Coordinator is seen as a significant step towards decentralization. As initially designed, the IOTA network was designed to run on the Tangle, and the processes portrayed a semblance of centralization. In fact, over the past year, feelers from IOTA Foundation indicated that plans were afoot to strip the network of any Coordinator role. The Coordinator’s role has largely served a security purpose in the IOTA consensus algorithm. The Coordinator was a safeguard functionality against double spends on the network as a result of the less than optimal hashing power available in the security infrastructure. Reasons for Removing the Coordinator Role The IOTA decision to remove the Coordinator role from the platform is now referred to as “Coordicide.” To date, the criticism of IOTA revolved around the centrality of the Coordinator’s duties, which in itself acted as a limiting factor to IOTA scalability. The Coordinator functionality was a needed aid utilized by IOTA foundation in deciding the transactions to give top priority. Additionally, the Coordinator also determined when funds needed to be frozen in the transaction chain. As is the case with most blockchains, the trade-off between decentralization, security, and speed is a tricky one. So, in this case, as a nudge towards decentralization, the Coordinator function needed to be done away with as a big step forward. IOTA has kept its position as a leading cryptocurrency since 2018, and it is expected that the new development will further boost its fortunes. A close look at a credible source of cryptocurrency reports and data reveals a positive outlook for IOTA going forward. IOTA Foundation and Community Participation With the new system, there is a requirement for IOTA Foundation to validate all initiated transactions (pending milestones) as a step in the authorization process. All transactions that arise in the process will receive an immediate confirmation. It might have looked straightforward to remove the Coordinator from the network, but the process of discontinuing the transmission of milestones is a nut to crack. The old order still shows a semblance here with Node synchronization, Point selection as well as Ledger state calculations. The team’s new plan is to eliminate all ledger validations entirely. In other words, the stated transaction validity will persist provided the defining prerequisite for PoW validation is fulfilled. This new version is expected to run on a zero-value basis as outlined in the design of the testnet So far, the team has gone to work to ensure code stability, resilience consolidation as well as to gather more information. All these and the allied analytics will help in gauging the network performance. Understandably, this is important in order not to play into the hands of hackers and online marauders. Conclusion To many watchers of the cryptocurrency and blockchain scene, the defining decision by IOTA is a major prompt towards uniting the Foundation and the community. In fact, according to Dom Schiener, they are looking forward to several tests and initiatives on the days ahead in order to enhance the protocol’s efficiency. The news about the introduction of znet as a Coordinator-Less Testnet has been received eagerly by most IOTA enthusiasts. In fact, the report on the new testnet is already gathering momentum on Reddit, and to many people, this development is a step in the right direction. The post Is The IOTA On A Step Forward To Decentralization? appeared first on ZyCrypto.
ZyCrypto

IOTA’s Coordicide Leads to FC Barcelona While Internet-of-Things Gets Nitrous Boost

IOTA underwent a radical shake-up recently when the team decided to dispense with its network coordinator. Referred to as the ‘Coordicide’, the removal of the coordinator is seen as a positive step towards decentralization of IOTA’s Tangle technology. The new direction suggested by IOTA founder Serguei Popov on the latest edition of the Untangled Podcast […] The post IOTA’s Coordicide Leads to FC Barcelona While Internet-of-Things Gets Nitrous Boost appeared first on Hacked: Hacking Finance.
Hacked

New Car Wallet Allows Automatic IOTA Payments

A German tech security firm has revealed a new vehicle-based wallet that will allow cars to automatically purchase fuel or charging services with MIOTA tokens. Accessec demonstrated its new Car Wallet to the public last week. Integrated into the vehicle, the wallet interacts automatically with point-of-sale terminals. It can initialize services, such as authorizing a battery-point to begin charging, and pay the amount due directly to the merchant. According to Sven Feuchtmüller, a research consultant at Accessec, drivers only need to ensure that the two hardware components are physically close enough to interact. “In the car-and-charging-station example, one could simply drive towards the station and plug in the charger,” he wrote in an email to Crypto Briefing. “[A]uthorization and payments would be automatically done by your car in the background.” The Car Wallet is based on the Tangle mainnet, and uses MIOTA tokens to transfer value to merchants. Dominik Schiener, co-founder of the IOTA Foundation, told Crypto Briefing that the foundation is “very excited” by the news and the benefits it could bring to the IOTA ecosystem. “Companies like Accessec who are building actual products on top of IOTA help us to accelerate the adoption and importance of IOTA in industry and make it easier for companies across all industries to capture value out of the offering of IOTA,” he said. Asked if any companies or vehicle manufacturers had expressed an interest in the technology, Accessec declined to comment. What else is IOTA up to? IOTA has focused on bridging the gaps between DLT and the burgeoning Internet of Things (IoT) sector. With many appliances automatically sending data to manufacturers and other devices, the Tangle is designed to facilitate fast, seamless and highly scalable machine-to-machine (M2M) communication and payments. The Tangle is a DAG protocol, in which users verify prior transactions whenever they send payments. In theory, this makes the network inexpensive and highly scalable: an ideal protocol for the Internet of Things, where machines could potentially exchange thousands of micro-payments. Data collected by the Tangle Explorer show that the network currently processes a little under five transactions per second (TPS).  That’s roughly the same throughput as the Bitcoin (BTC) network. In January 2018, IOTA signed a partnership with the government of Taipei, the Taiwanese capital, to explore how the Tangle could be incorporated into the city’s new ‘smart city’ initiatives. Taipei’s authorities announced a new identification system, using the Tangle protocol, last June. The Car Wallet isn’t IOTA’s first foray into the automobile sector. The project has been working closely with Volkswagen to integrate the Tangle into the carmaker’s new Connect feature, allowing drivers to check how many miles their cars have driven. At the time, the feature was expected to launch sometime in Q1 of this year, as Crypto Briefing reported last June. This isn’t the first time Accessec has worked with IOTA. The company performed an audit on the project’s Trinity Wallet in the months running up to the wallet’s beta launch in August of last year. Although the new IOTA car wallet will first be used for vehicles, Accessec believes that the software has wide-ranging applications. It can be used in “literally any use case where some actor buys some service from some Point-of-Sale (or another actor),” wrote Feuchtmüller, “where proper authentication and security are paramount.” The author is invested in digital assets, including BTC which is mentioned in this article.  Join the conversation on Telegram and Twitter! The post New Car Wallet Allows Automatic IOTA Payments appeared first on Crypto Briefing.
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The Beginner’s Guide to IOTA

IOTA is a distributed-ledger protocol powered by the Tangle, a DAG-based data structure. With its feeless transactions and tremendous scalability IOTA seeks to be useful in the age of the Internet of Things

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Maximine Coin Surge, eToro Adds TRON, Rakuten and Yahoo, Boss Crypto - Cryptocurrency News

Maximine coin is up more than 700% within the past 30 days. eToro also announced yesterday that they will add Tron TRX to its platform with more than 10 million registered users. Mattie will also talk about Rakuten and Yahoo continuing Mainstream Progression Towards Cryptocurrency as well as Boss Crypto, a crypto investment and education platform. ----------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio/ Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: BossCrypto – Crypto Investment and Education Platform https://www.altcoinbuzz.io/crypto-news/spotlight/bosscrypto-crypto-investment-and-education-platform/ Boss Crypto https://bosscrypto.co/buzz Yahoo and Rakuten Continue Mainstream Progression Towards Cryptocurrency https://coingape.com/yahoo-rakuten-progress-cryptocurrency/ Rakuten Wallet Launch Announced for March 30, 2019 https://www.ccn.com/rakuten-wallet-launch-announced-for-march-30-2019 Here’s Why Crypto Maximine Coin (MXM) Jumped 754.5% in March https://cryptoupdate.ca/heres-why-crypto-maximine-coin-mxm-jumped-754-5-in-march/ https://www.coingecko.com/en/coins/maximine https://maximine.io/ eToro adds Tron TRX to its Platform with More than 10 Million Users https://www.altcoinbuzz.io/crypto-news/product-release/etoro-adds-tron-trx-to-its-platform-with-more-than-10-million-users/ https://twitter.com/Altcoinbuzzio/status/1110447607250210817 -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding

In a continuous declining market, there’s one coin that stood out higher. Maximine Coin or MXM Coin broke a new record of entering into the graph of Top 40 cryptocurrencies with a spike of 30 percent over the past 24 hours. Why MXM Coin Pumped Higher? The value surge is quite surprising because the top crypto assets including Bitcoin, Ethereum, XRP, Litecoin, EOS, Bitcoin Cash, Binance Coin, and many other cryptos are on the way out. Nevertheless, the major concern comes after the spike of MXM Coin trading volume on CoinBene exchange which suspects to have wash trading activities. Despite this decline drive, Maximine Coin’s MXM token is ruling with rising volume among the top 40 cryptocurrencies. At the moment, the MXM’s average trading value counts $159,653,386 which has gained 30.11 Percent over the last 24 hours. Moreover, the coin is trading at $0.096818. Maximin Coin or MXM is presently available at a handful of crypto trading platforms including CoinBene, HitBTC, Coinbit, and Livecoin. Among these exchanges, the highest trading volume is split among CoinBene and HitBTC with pair of USDT, ETH, and BTC respectively. Is there anything Related to CoinBene’s Suspected Wash Trading? Looking closer at the coinmarketcap, the highest trading volume of MXM coin can be seen on CoinBene, the exchange which was once noticed of involving with wash trading activities as reported by Bitwise Asset Management. Reports further revealed that the volume is faked by the exchange itself that results to inflate actual numbers to catch user’s attention. Moreover, the exchange registered in Singapore and doesn’t need KYC for a user to have an account with. To note, the Bitforex exchange where MXM Coin will soon be listed is also based out in Singapore – moreover, Maximine Coin is reportedly registered in the same country. Additionally, recent reports reveal that the coin had gained mainstream concern from Bitforex, a Singapore based trading platform. The firm announced to list MXM coin on its exchange which many speculate and relate the coin’s significant performance with. Heard the news? 👂🏼 Seen the papers? 👀 If you haven't, keep your eyes glued to the screen and your ears wide open because @maximinecoin is coming to @bitforexcom ! 🍻🙌🏼 Details in link below! 👇🏼https://t.co/A8E21UuBz2 — MaxiMine (@maximinecoin) March 26, 2019 What do you think about CoinBene and its trading contribution to Maximine Coin? share your opinion with us  The post Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding appeared first on Coingape.
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