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Afterpay tells Senate inquiry crypto could slash merchant payment costs

boss Cryptocurrency Market, News

Australian buy now pay later (BNPL) firm Afterpay believes that local merchants can slash payment costs by utilizing cryptocurrencies. In a submission to the Senate inquiry into “Australia as a Technology and Financial Center”, Afterpay stated that the use of blockchain-based transactions would cut the fees associated with traditional payment

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o Access to funds can usually be recovered quickly rather than relying on coverage to payout. o Insurers’ risk is mitigated so theft cover can be offered to users at a greatly reduced cost than would otherwise be possible. “Swaggy now has the opportunity to offer high-value protection for the wallets of its users”, explains Giovanni Lionetti Ceo of SWAG, “thanks to the collaboration with a top brand such as Coincover, a leading digital company that will protect the owners of Swaggy wallets with the best professionalism. This is a double coverage for our users, who will thus be able to further protect their wallet in case of malicious activity and theft. In this way, Swag takes another step forward by further diversifying itself from the market as a premium brand ”. With this agreement, SWAG, today among the fastest growing mining companies internationally, aims to provide a more secure platform for its customers to manage, send and receive payments. Wallet protects aim is to ensure that the customer’s assets are well-protected from any theft and in case of loss of their private key. “This partnership represents another step towards making cryptocurrency safe for everyone to use,” said David Janczewski, Coincover CEO. “Ultimately it means users can be confident they can recover funds if something goes wrong. Problems due to human error can now be avoided by our industry-leading loss prevention technology. This minimises risk and enables coverage for theft and loss by a world-leading insurer for the best price available.” Building the safety standard for cryptocurrency Founded in the UK in May 2018, Coincover provides solutions for crypto ownerships, technology, cyber-security, crypto, and blockchain insurance. The main goal is building the world’s safety standard for cryptocurrency. The company’s services ensure that users and businesses never lose access to cryptocurrency funds due to user error, business or infrastructure failure. By combining advanced technology and insurance-backed guarantees, Coincover provides disaster recovery and business continuity options for cryptocurrency businesses and enables consumers to enter this exciting market safely. The tailor made world of Swag In two years of activity, SWAG has been able to build an important customer base by offering innovative services in the field of mining and e-wallet management. More and more performing machines, agreements with international top players, increasingly innovative technology at the service of its users through a tailor-made and turnkey service, with clear and accessible costs. These are the strengths of SWAG.tegory Bitcoin News

boss Bitcoin News, News

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Nano seeks $700K in costs from plaintiff who dropped class action with ‘absurd’ claims

boss Exchanges, News

An ongoing lawsuit involving crypto project Nano has taken another turn this week when the developers sought a sanction after the plaintiff dropped the case.The Nano team is after $701,000 in attorney fees and costs as a sanction after a token buyer dropped his proposed class action. On July 27,

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South Korean Bitcoin miners can deduct electricity costs from crypto tax filings

boss Cryptocurrency Market, News

Crypto investors involved in cryptocurrency mining may enjoy a significant tax break when the country’s digital currency tax regime commences in 2022.According to a report by Pulse News, South Korea’s Ministry of Economy and Finance on Wednesday announced additional details of the country’s impending crypto tax law, which included a

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Bitcoin Developers Weigh the Costs of Defying White Paper Copyright Claim

boss Bitcoin News, News

The Bitcoin community is debating the extent to which Bitcoin Core developers and maintainers should shoulder the symbolic burden of hosting its white paper, particularly when doing so could unnecessarily sap their time and finances.The question arose after the Bitcoin white paper was taken down from Bitcoincore.org, a canonical repository

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Swap fees exceed impermanent loss insurance costs

boss Cryptocurrency Market, News

Bancor has released a status report for its v2.1 decentralized exchange upgrade, covering the performance of its decentralized exchange over the last three months.According to the document, the total liquidity increased by almost 100%, resulting in the platform earning about $1.12 million in cumulative swap fees.Bancor’s report noted that the

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