PayCo is the new solution to real-world payments with cryptocurrency

PayCo is a payment solution interface that allows clients to pay with crypto and the merchant to receive the payment in fiat
11 January 2018   1084

There is a dream for every crypto enthusiast out there – being able to use crypto in daily shopping. But there are always problems with implementation of such payments in everyday life.

Two main hurdles to overcome are volatile exchange rates and vendors' single-minded focus on bitcoin. First of all, even when the shop takes payment in crypto, they risk not having the same exchange rate to convert to fiat to pay off the bills and salaries. The digital currency market is volatile like that, you can gain a lot, but there is a fair chance to miss out equally spectacularly.

And the second problem mainly revolves around Bitcoin being the most popular crypto. Lots of people prefer altcoins, be it for the chance at sudden surge, or for some other benefit, like transaction speed or increased security. So lots of enthusiasts end up locked out from real-world use of their hoarded coins.

But there is a salvation coming in the form of PayCo. They intend to implement an interface between customers and shops, so the latter will be able to receive payments in fiat directly to their bank account, without worrying about exchange rates and whatnot.

There are two options avaliable to merchants. First – the moblie harware interface as an all-in-one solution to the problem, or the second variant - an API to integrate into existing payment system already in place.

Also, the promised killer feature is the support for multiple cryptocurrencies. So now lots of altcoin adopters wouldn't feel left out. And it should eliminate the quite common scenario of $2 order consuming another $5 for transaction fees.

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   885

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.
 

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.