Global online payment processor Payza has announced it is expanding its easy bitcoin buying option to customers in 190 countries around the world. The company's new Withdraw Funds by Bitcoin feature now allows Payza members to withdraw funds from their Payza account directly to their Bitcoin wallet. Business development consultant Charlie Shrem sees this as a huge area of opportunity for Payza to establish their dominance in the market, saying they will “be the only company where if a merchant actually wants to accept both credit card and bitcoin, they only need to work with one company.” And as their company blog adds, “This is our first step into the exciting space of cryptocurrency, currency that exists solely in the digital world. At Payza, we’re very interested in bitcoin and cryptocurrency, and we have big plans to expand the way bitcoin can be used on our platform.”
India-based bitcoin exchange and merchant payment processor Unocoin has announced a successful funding deal for $250,000 from avid Bitcoin investor Barry Silbert and his Bitcoin Opportunity Corp, making it the largest bitcoin-related investment made in India to date. Only less than a year old, Unocoin already boasts being the largest and fastest-growing bitcoin company in India, offering a wide variety of services for buying, selling, and storing bitcoins, as well as merchant services. As Unocoin managing director Sathvik Vishwanath says, “The investment and backing from the ‘Bitcoin Hero’ has brought both [...] cheer and responsibility to our team. A good part of the investment will be spent on scaling up Unocoin and its marketing efforts, while another part will be used towards regulatory compliance and security expenditures,” going on to add that, “Bitcoin adoption in India among merchants is still in its nascent stage but we are going all out to change that. The future looks promising.”
New cryptocurrency GENERcoin has emerged, aiming to eliminate the world's dependency on coal. GENERcoin, which stands for Green Energy asset backed coin, can be bought and traded just like any other currency. However, the difference is each GENERcoin or GEC is backed by Arterran Renewables, a nextgen renewable solid biofuel, and serves as a receipt and claim for the biofuel that backs each coin. GEC uses a scientific method to determine how much energy is backed by each coin, allowing users the option to exchange their coins for biofuel from Arterran Renewables at a %50 discount. As the website explains "The world is shifting to a sustainable model of energy both for its viability and out of necessity and GENERcoin will serve to promote and assist this vital inititive. The value of GENERcoin is represented by the deliverable energy it is backed by, which can be more stable than debt assets which may be devalued due to inflation."
Nobuaki Kobayashi, the court-appointed bankruptcy trustee for embattled bitcoin exchange Mt. Gox, has finally announced an update on the case. According to Kobayashi, the case has been granted a six-month extension for creditors to register claims against the Tokyo-based exchange. Creditors now have until May 29th, 2015 to file claims, and new investigation results are expected to be released four months following that. This announcement follows the recent creditors meeting, attended by over 100 former investors, which left many disappointed with the progress on the case. As we all know, Mt. Gox declared bankruptcy back in March, after 850,000 bitcoins were allegedly stolen from the company by a hacker attack in February. Last week, the Tokyo Metropolitan Police Department finally began their investigation into the missing bitcoins, although as of yet, nothing substantial has come of that.
On September 11th and 12th, Slovenia will become the host of the first Bitcoin Central and Eastern Europe Conference at the Best Western Premier Hotel in Ljubljana. Organized by PR and business development agency GreCom, and sponsored by GoCoin, the conference is intended for both professionals as well as enthusiasts, aiming to “promote and endorse Bitcoin cryptocurrency in the Central & Eastern European Region as a potential for business on different levels.” As GreCom owner Gregor Knafelc explains, “We will discuss new trends and business models and of course have fun too. […] We wish to see our participants get complete information regarding bitcoin business through our conference, for instance, about the banking, taxations and other legal procedures in the CEE region.”