BitFlyer announces plans to enter European trading market

BitFlyer, which has been ranked 14th largest cryptotrading platform in the world, has acquired the payment license to operate in European Union
25 January 2018   460

Japanese cryptocurrency trading and coin exchange platform BitFlyer has acquired the payment license to operate in EU. It's the first of Asian exchanges to procure such a license well ahead of the competition.

BitFlyer is one of the largest exchanges in the world with daily volume over $300,000, according to Coinmarketcap.com. Their main focus is on more popular digital currencies, such as Bitcoin Core and Cash, Etherium Classic and Japanese favorite – Monocoin. European branch for now will offer only Bitcoin trading with fiat exchange to Euro. But there are plans of expanding the list of available cryptocurrencies in the future. Most probable candidates for such expansion are Bitcoin Cash, with its rising popularity, Litecoin and Etherium and its fork Etherium Zero.

The exchange's physical location will be in Luxembourg, where the permit has been issued. This decision is a logical step toward expanding their operations to meet European demand for digital currencies. Other exchanges will probably follow BitFlyer's example because Europe is, right now, one of the most high-demand regions in terms of cryptocurrency trading.

ACINQ to Release Lightning API For Bitcoin Mainnet

Strike is API for easy acception of Lightning network payments
25 May 2018   33

Developers from ACINQ presented a version of Strike API for Lightning-payments in the main bitcoin network.

Strike is an API for easy acception of Lightning payments. From a technical point of view, the service works as follows: ACINQ receives and aggregates incoming payments, and then periodically sends transactions to the recipient's wallet. In other words, companies can offer their clients instant and low-cost payments, receiving funds through the usual cash transaction.

We take a 1% fee on payments, and that’s it. Automated payouts to your Bitcoin wallet are free of charge, because we batch them among merchants. The threshold for automated withdrawals can be set between 0.1–1 BTC.
 

ACINQ

Also, users can make a payment to the wallet manually, however in this case you will have to pay a commission of 0.5 mBTC.

According to ACINQ representatives, although using Strike and assuming the need to trust a third party, the level of risk is minimal, since the service sends an onchain-transaction every time the total amount of payments reaches a user-adjustable threshold.

The developers noted that the Strike integration with the WooCommerce plugin is currently underway. In addition, ACINQ is considering the possibility of partnership with the Canadian Internet company Shopify, which specializes in developing software for online and retail stores. The company serves 500,000 trading companies with a combined turnover of $ 45 billion.