Japanese Firm to Sell Commercial Complex for 547 BTC

It is said to be the first building in Japan to be sold using bitcoin
29 January 2018   515

Yitanzi, a Tokyo-based real estate startup firm, announced its plan to sell a commercial complex for 547 bitcoin (~$6 million). It will be the first building in Japan to be sold using bitcoin, the company said.

Yokozawa Yuske, CTO of Yitanzi said that the recent boom in real estate market is due to the gains from cryptocurrency investments as crypto investors are targeting the real estate market to spend the digital currency trading profits.

Yuske also pointed the growing demand in the market where property owners are proffering multi-million dollar properties in exchange for bitcoin. As for now, the most accepted digital currency in the real estate market is bitcoin, he said.

Recently, we have reported that Japanese cryptocurrency trading and exchange platform BitFlyer has acquired the payment license to operate in EU.

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.