OpenBazaar will integrate Bitcoin Cash, Zcash and Litecoin

OpenBazaar marketplace will add support for a few different altcoins including Bitcoin Cash and Zcash which are in the testing phase already, and integrate Litecoin
21 December 2017   1743

OpenBazaar is a free online marketplace and a peer to peer application that doesn’t require middlemen, has no fees and no restrictions. On December 20, OpenBazaar published the list of development updates in its blog, where it was stated that shortly after launch Bitcoin fees significantly increased, making buying and selling everyday items and services difficult on OpenBazaar.

In order to present more options to users so that they can avoid Bitcoin fees, OpenBazzar marketplace team will start working to integrate the coins Bitcoin Cash, Zcash and Litecoin.

Testing for Bitcoin Cash and Zcash has begun and OpenBazaar is at the beginning stages of exploring how Litecoin integration would work.

It is worth noting that all the cryptocurrencies that the marketplace is going to add are showing the increase in price, for example Bitcoin Cash has risen 98.25% within past week, and Litecoin has grown 10.85% while Zcash jumped 54.28% during the same amount of time.

At the moment of press, the prices of the cryptocoins are as follows:

  • Bitcoin Cash: $3 742,47
  • Litecoin: $327,76
  • Zcash: $710,63

Line to Launch Own Cryptoexchange

BitBox cryptocurrency exchange won't be available for US and Japanese citizens
28 June 2018   308

The developer of the Line instant messenger confirmed the information that it will launch a cryptocurrency exchange called BitBox next month. This is reported by TechCrunch.

In January, the company said that it plans to enter the cryptocurrency area with the launch of its own trading platform, but today it specified that BitBox will not be available to users from the US and Japan.

The new site will support 30 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin, and charge a commission of 0.1% for transactions. Line reported that it was taking tokens during the “an extensive screening process” which saw an internal commitment asses what on the market represents “the most reliable and safest trading for users.”

BitBox will be available worldwide, except for the two countries mentioned above, in 15 languages. New platform won't support fiat.

Every month, 200 million people use the Line Messenger. The possibilities of the service are not limited to the transmission of messages. It also allows to listen to music, send payments, etc. Most Line users live in Japan, so excluding Japanese traders will significantly limit the potential impact of BitBox.