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Square

Square is Hiring | You Can Be Paid in Bitcoin if You Want

Twitter and Square founder Jack Dorsey has always been bullish in his Bitcoin views. So it’s no surprise that his payments startup Square is now offering new employees the chance to be paid in Bitcoin. According to tweets from the CEO, the company is on the hunt for skilled labor to add to the team.

Square Bitcoin Payments

If Dorsey’s tweets are anything to go by, then the company is hiring engineers and a designer to “work full-time on open source contributions to the bitcoin/crypto ecosystem.” 

The Square cash app already supports Bitcoin purchases and sales so it is intriguing to think of what these new hires may be working on.

But beyond that tweet, information is scarce. However, what is notable, is that these new hires will be able to be paid in Bitcoin if they so choose. It makes sense that Square would offer this option, Dorsey being a major advocate of cryptocurrency, earning himself the nickname Bitcoin Evangelist.

His belief is that Bitcoin should become the world’s single native currency and using it is moving forward.

>> Polymath Partners with SeriesOne for Security Token Issuance

Impactful

Dorsey added in a separate Tweet that “the most impactful thing” his company can do is to build upon the current cryptocurrency ecosystem. And this is one way it can give back to the community.

He commented:

“Square has taken a lot from the open source community to get us here. We haven’t given enough back. This is a small way to give back, and one that’s aligned with our broader interests: a more accessible global financial system for the internet.”

Dorsey recently spoke in a podcast about the Square app saying how payment apps like it are the future for cryptocurrency:

“We’re empowering the electrician to send invoices, setting up the food truck with a delivery option, helping the clothing boutique pay its employees, and giving the coffee chain capital for a second, third, and fourth location.”

What do you think? Would you like a job working for Square?

Featured Image: DepositPhotos © sdecoret

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uBUCK

uBUCK Debuts | Hybrid Summit 2019 Welcomes Jon Malach

uBUCK Advisor Jon Malach lights up the stage at Hybrid Summit 2019.

Hong Kong Blockchain Week is underway and on March 7th, Hybrid Summit 2019 made its debut at HKBW. The blockchain-centered educational event held speakers from all over the world, including IOHK Founder and CEO Charles Hoskinson. Among the many presentations made, the uBUCK presentation, in particular, has gained buzz from the event – according to speaker Jon Malach, uBUCK is offering a new and convenient approach to crypto Mastercards and stablecoin wallets.

The Hybrid Summit is an annual event that has been running since 2017. Macau hosted in 2017, Thailand in 2018, and Hong Kong this year. The event is a networking and educational opportunity for investors, enthusiasts, and influencers in fintech and blockchain. Hybrid Summit is a one day event that has a focus on education.

uBUCK at Hybrid Summit 2019

Mr. Malach’s presentation yesterday was centered around stablecoins and the convenience and efficiency of transferring funds to others using digital currency rather than going through the traditional banking system.

uBUCK
uBUCK Advisory Board Member Jon Malach presented at the conference (March 7, 2019).

During his presentation, Malach explained that uBUCK is a cryptocurrency wallet that has fiat capabilities. Users are able to buy uBUCKs using either Bitcoin (BTC) or Ethereum (ETH), effectively converting and “storing” their cryptocurrency in a stable coin that is tied to the US dollar. Other digital currencies ebb and flow in price fluctuations, but by switching your funds to a stablecoin, a user can mitigate risk much more effectively.

How Does uBUCK Work?

uBUCK users buy a prepaid voucher from the uBUCK mobile app. Not only are ETH and BTC accepted, but regular debit and credit purchases are also accepted in the app. Once a voucher is purchased, users can then load the uBUCK Debit MasterCard with their voucher credit. From there, sending or receiving money is as easy as using PayPal.

The physical uBUCK black elite MasterCard can be used anywhere MasterCard is accepted, and cash can even be taken out from the card at any ATM.

Aside from those banked that want to spend their digital currency, Malach highlighted that the 1.7 billion adults around the world could use the uBUCK Mastercard and digital currency wallet. Two-thirds of the global unbanked population have access to mobile phones, opening the door to mobile banking services for them. uBUCK could aid this population of people by allowing them to send money to friends or family anywhere in the world with pure convenience.

Interested in finding out more about uBUCK? Click here.

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Steve Wozniak

Apple’s Steve Wozniak Says Bitcoin has “Massive Value Creation”

Apple co-founder Steve Wozniak has spoken out about Bitcoin in a revelation that many would consider bullish in sentiment. Wozniak, in an interview with Bloomberg, has said of the coin that “we’ve seen massive value creation.”

He also puts most of the market volatility down to fear-mongering and psychology.

Apple’s Steve Wozniak

The co-founder of Apple has always spoken highly of the coin and once said it would become the world’s single currency.

The interviewer challenged him on this view asking him if he still had the same opinion considering “we’ve seen massive value destruction in Bitcoin.”

But to that question, Steve Wozniak remained as bullish as ever about Bitcoin by saying:

“I’m not sure I can buy that we’ve seen massive value destruction, I think we’ve seen massive value creation.”

Steve Wozniak and Bitcoin

The tech icon has owned Bitcoin in the past. In the interview, he elaborates on this saying that he only kept it to experiment with and to experience the coins development, not for profit or typical investment reasons. He explains how he sold it when the price got really high:

“I don’t want to be one of those people watching the price of Bitcoin, so I sold out.”

Blockchain

Although bullish on Bitcoin, Wozniak has been apprehensive about blockchain—the technology that underpins the digital asset—in the past. He has compared this industry as the next potential dot com bubble believing that many blockchain startups will inevitably over-promise and under-deliver as much as the computer industry did in the ’90s. At an event in New York in June last year, he said the following:

“A lot of the blockchain ideas that are really good by coming out early they can burn themselves out by not being prepared to be stable in the long run.”

On the ’90s hype over the growing computer industry, Steve Wozniak commented: “It was a bubble, and I feel that way about blockchain.”

>> Could Consumers Use the JPM Coin One Day? Maybe

Ripple to the Rescue

And while there is some potential truth in Wozniak’s concern, blockchain companies such as Ripple have been laying the groundwork in recent months to make sure that exact problem doesn’t happen.

Ripple has invested millions of its own hard-cash into a program called the University Blockchain Research Initiative (UBRI). The UBRI is focused on developing the upcoming generation of blockchain developers, ensuring the talent is there to keep this industry alive and growing.

At present, it has 28 universities attached to its self-funded $50 million USD initiative.

Do you agree with Wozniak about Bitcoin? Is he right to be bullish on the coin? Should we be more wary of blockchain hype?

Let us know!

Featured image: DepositPhotos © toxawww

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JPMorgan Claims Bitcoin Isn’t Worth Mining Anymore

JPMorgan analysts are taking jabs at Bitcoin once more. The executives at this major US bank have never been fond of digital currency and blockchain technology. Jamie Dimon, JPMorgan’s CEO, temporarily pulled back on his comments when BTC hit its all-time highs. Shortly after, the coin began to crash, and his skepticism picked up again.

According to a Bloomberg report, the bank’s analysts say that it costs more to create one Bitcoin than it’s worth. In Q4 2018, it cost around $4,060 to mine one BTC and currently, the price of the digital currency is $3,584.07.

Bitcoin Falling

Not all miners are paying that top dollar to mine though. Low-cost Chinese miners can pay much less, mining at around $2,400. Natasha Keneva was one of the JPMorgan analysts that released their cryptocurrency report to major news outlets. She claims that these low-cost miners leverage direct purchasing agreements with electricity generators that are looking to sell excess power.

On top of the price, the bank as a whole believes that the true value of digital currencies like BTC is still unproven. The analyst said:

Even in extreme scenarios such as a recession or financial crises, there are more liquid and less-complicated instruments for transacting, investing and hedging.”

>> Binance Launches OTC Trading Desk, Following Bittrex

The cryptocurrency market has been steadily awaiting the flood of Wall Street investments that haven’t occurred on a large-scale like some would have hoped. Bitcoin futures, OTC trading desks, and the hope of Bitcoin ETFs were made to entice pension funds and asset managers, but none have budged.

The prices of digital currencies rose towards the end of December but have quickly corrected, and all gains are almost lost once more. The JPMorgan analysts say that marketplaces, where individuals and small businesses have control over payment methods, would be the most useful for the spread of digital currencies. However, these analysts feel its volatility, propensity for illicit use, and security flaws should all be considered.

Featured Image: Depositphotos © eivanov

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Bitcoin Price Shows Resilience Above $3,500, Despite ETF Rejection

Bitcoin price is showing resilience in the face of adversity. The latest bad news has failed to knock BTC to the floor. So is there a bull run ahead?

Bitcoin Price

Yesterday, the Chicago Board Options Exchange (CBOE) BZX equity exchange withdrew its request to list a Bitcoin ETF (exchange-traded fund). The news surely has disappointed Bitcoin traders, but it has yet to be reflected in Bitcoin price.

CBOE requested a rule change by the US SEC that would have allowed a Bitcoin ETF listing to be plausible. This potential ETF was backed by VanEck and SolidX.

At the time of writing, BTC is selling for $3,606 USD and down by a slight -0.24% according to CoinMarketCap. But this could be far worse considering the negative climate, if the history of the coin is anything to go by.

Bull Run

The cryptocurrency market has been eagerly anticipating a Bitcoin ETF for some time now. Approval for one would not only give the coin increased legitimacy in the eyes of governmental and financial bodies, but it would more than likely trigger a massive bull run.

To date, applications for a Bitcoin ETF have been sent in and rejected by the SEC in their droves. These have included applications from the Gemini exchange, Bitwise, Proshares, and Direxion, to name only a few. Rejection tends to reflect negatively on the market and on Bitcoin price in particular, which usually decreases steeply on the news.

>> John McAfee Will Run His Presidential Campaign Overseas

Unmoveable

It is interesting to note that today’s rejection is barely affecting Bitcoin price. BTC continues to trade in a sideways manner above $3,500 as it has done all week.

The calm response to the bearish news may simply be market exhaustion. It could also be that this ETF approval was never really expected anyway considering the ETF history. Perhaps the blow was almost anticipated anyway.

Either way, some analysts are predicting a bull run ahead as investors choose to stay calm over the news rather than panic.

Featured Image: Depositphotos © Paulpaladin

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