Bitrefill to Unveil Thor Lightning Service

Thor allows people to connect to the lightning network whether they have  BTC or not
10 January 2019   1287

Start-up for mobile phone refill Bitrefill introduced a allow people to give lightning channels to someone else with no setup on the recipient’s side. Lightning was created to allow cheaper, off-chain BTC payments.

Thor allows people to connect to the lightning network whether they have bitcoin or not. All you have to do is download one of the supported wallet apps, install it, and then either you or a friend can come to Bitrefill and purchase a channel opening.
 

John Carvalho

Bitrefill

The company intends to open channels for a period of up to 30 days with a capacity of 300,000 to 16,000,000 Satoshi.

Thus, all the technical work on opening and maintaining the channel will take place on the Bitrefill side.

Note that the service can be paid for using Bitcoin, Litecoin, Ethereum, Dogecoin, DASH or by Lightning payment.

PBoC to Continue Anti-Crypto Propaganda

The regulator published a warning in its WeChat account called “Protection of the rights and interests of consumers of financial services”
23 March 2020   318

The People's Bank of China has returned to criticism of cryptocurrencies amid a worsening economic situation in the world.

On March 22, the regulator published a large-scale warning in its WeChat account under the heading “Protection of the rights and interests of consumers of financial services”. It describes three ways in which cryptocurrency service providers can mislead consumers.

First of all, the amount of fraud transactions with bots is serious. The average turnover rate of the top three overseas crypto currency exchanges is much higher than that of foreign licensed exchanges. Second, market manipulation exists in these exchanges where forced leveraged trading eventually causes the exchanges to explode. Third, money laundering is a big issue.

 

People's Bank of China

In addition, the Chinese Central Bank calls the opinion that Bitcoin may serve as a protective asset, erroneous. The regulator indicates its high volatility and recommends that citizens not follow the example of other investors and refuse to participate in cryptocurrency trading.