Robinhood announces zero commission crypto trading

Online brokerage platform Robinhood is getting into crypto with zero-commission trading in February
26 January 2018   961

Robinhood plans to extend its services to crypto trading. The platform is already quite popular with younger audience, the median user age is somewhere around 26 and total user base already exceeds 3 million people. The move may be ambitious, but it's logical, considering the target audience.

The Robinhood Crypto will operate on break-even basis, with developers not planning to profit from it for the foreseeable future. In perspective it will allow the project to rake up the audience and even lure the people away from other exchanges, who take unjustified fees. Also, there will be no minimum purchase amount, which will also increase the popularity.

Vlad Tenev and Baiju Bhatt, co-founders of Robinhood, also said, that the company will obtain large amounts of cryptocurrencies for trading through partnership with several larger institutions and that the purchase fees will be incorporated into large-volume discounted contracts and not passed down to the users.

The Robinhood Crypto will start up in February in the US, where they acquired the regulatory approval to start trading operations. Already the users can set up alerts for Bitcoin, Ethereum, Litecoin, XRP, NEO and 11 other altcoins to monitor prices.  

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.