{"id":22792,"date":"2018-10-19T14:55:24","date_gmt":"2018-10-19T13:55:24","guid":{"rendered":"http:\/\/thevoiceoflondon.co.uk\/?p=22792"},"modified":"2018-10-19T14:55:24","modified_gmt":"2018-10-19T13:55:24","slug":"a-silver-lining-for-cryptocurrency","status":"publish","type":"post","link":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/a-silver-lining-for-cryptocurrency\/","title":{"rendered":"A silver lining for Cryptocurrency"},"content":{"rendered":"<p><b>130 coffee shops in Europe started to accept and sell Crypto just before the Central Bank of the Russian Federation shared their excitement that the \u2018fever\u2019 over cryptocurrency has begun to cool off.<\/b><\/p>\n<div id=\"attachment_22919\" style=\"width: 495px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/unsplash.com\/photos\/4_41-79dHvE\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-22919\" class=\"wp-image-22919\" src=\"http:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-content\/uploads\/sites\/64\/2018\/10\/photo-1523759724146-4ce060fff7be-2.jpeg\" alt=\"\" width=\"485\" height=\"646\" \/><\/a><p id=\"caption-attachment-22919\" class=\"wp-caption-text\">Photo credit: David Shares on Unsplash<\/p><\/div>\n<p>&nbsp;<\/p>\n<p>The announcement made by the head of the Central Bank of the Russian Federation, Elvira Nabiullina, stated that the cryptocurrency fever has gradually begun to disappear, as more practical investments have surfaced over the past few months.<\/p>\n<p><span style=\"font-weight: 400\">However, a startup called Cyclebit\u00a0has just proved them wrong, offering a solution for crypto enthusiasts that find the ordinary paying methods a bit boring and ironically, for the cash and card users &#8211; unsafe. Cyclebit seeks to make crypto a part of everyday life, giving the possibility to use your assets to pay for the day-to-day expenses through the innovative technological currency.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Small steps to success. The idea has already started to gain traction \u2013 with Cyclebit already working with businesses in Europe and South Korea. The crypto payment technology debuted in Nostrum \u2013 a network of 130 coffee shops throughout Spain \u2013 which has just started accepting and selling Bitcoin through Cyclebit terminal.<\/span><\/p>\n<div id=\"attachment_22870\" style=\"width: 313px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cyclebit.io\/#cy\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-22870\" class=\"wp-image-22870 size-full\" src=\"http:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-content\/uploads\/sites\/64\/2018\/10\/reader-1.png\" alt=\"\" width=\"303\" height=\"574\" \/><\/a><p id=\"caption-attachment-22870\" class=\"wp-caption-text\">Photo credit: <a href=\"https:\/\/cyclebit.io\/#cy\">Cyclebit<\/a><\/p><\/div>\n<p><span style=\"font-weight: 400\">Cyclebit have stated that: \u201cOur experience says, that at the heart of any successful solution is always simplicity and usability. This is how our approach is meant to change cryptocurrency \u2013 make it simple, convenient and accessible for both merchants and mass customers.\u201d <\/span><\/p>\n<p><span style=\"font-weight: 400\">The team shares that the infrastructure could ultimately help to reduce the inconsistency associated with cryptocurrencies. Easy ways to pay using crypto would help it make the transition from an enthusiasts\u2019 hobby to a mass financial asset \u2013 with mass ownership preventing massive fluctuations.<br \/>\n<\/span><\/p>\n<p><span style=\"font-weight: 400\"><strong>Words: Debora Kirilova | Subbing: Jeremy Ainsworth\u00a0<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>130 coffee shops in Europe started to accept and sell Crypto just before the Central Bank of the Russian Federation shared their excitement that the \u2018fever\u2019 over cryptocurrency has begun to cool off. &nbsp; The&#8230;<\/p>\n","protected":false},"author":476,"featured_media":22803,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[82,121,122,123],"tags":[],"class_list":["post-22792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","category-tech","category-tech-news","category-technology"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/posts\/22792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/users\/476"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/comments?post=22792"}],"version-history":[{"count":0,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/posts\/22792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/media\/22803"}],"wp:attachment":[{"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/media?parent=22792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/categories?post=22792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.westminster.ac.uk\/thevoiceoflondon\/wp-json\/wp\/v2\/tags?post=22792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}