Bitcoin wallet currency is becoming increasingly popular in the present day. Analysts predict that in future, it will begin to compete favorably with mainstream currencies such as dollars, euros, GBP and more despite the present challenges. Many multi-million companies have heavily invested in this digital currency. It has attracted investors from different parts of the world. But some people are still not ready to embrace the currency. Hence, the need for Bitcoin startups. We are gong to provide you with a list of bitcoin startups to help you understand what is going in the market as far as bitcoin digital currency is concerned.
The Best Bitcoin Wallet encourages Stores and Businesses
Adoption of this digital currency by retailers is still a big challenge. Only a few shops are ready to embrace it. Companies are trying to come up with ways of making people embrace bitcoin. For example Blade has introduced a prepaid debit card. Users can top it with bitcoin and use it anywhere in the world to pay for goods and services. This means that the currency will be used in shops that have never used digital currency before.
Pegging Bitcoin To Commodity Prices
Bitcoin is a wonderful currency but is not stable. It rises and drops by a big range. This is a disadvantage to investors. Coinapult company has come up with an excellent solution to reduce the price risk of this exciting digital currency. It provides a service called LOCKS. It allows users to peg the value of their bitcoin to different currencies such as USD, GBP and commodities such as gold and silver. This means that if the user had bitcoin worth $20 and the priced doubled overnight, he will still retain his $20 bitcoin value even after increase in price.
Remitting Funds To Africa by Bitpesa
Bitpesa is a Kenyan company that allows Kenyans in abroad to sent money to their country in a fast and cheap way. It charges a transfer fee of 3% only. The sender sends bitcoin currency. The service then converts it into shillings which are then distributed to the recipient. It was launched in 2013 and has been featured on reputable organizations such as The NewYork Times and Bloomberg.
A Physical Bitcoin Wallet for your pocket
Ledger Wallet is good for people who value physicality of cash. It turns bitcoin into something like a USB stick that is physically attached to your wallet. This makes the digital currency more secure. The startup was held in 2015 in France. A total of 1.3 million euros were raised. Its retail value stands at 34.80 euros.
Fixing Bitcoin Flaws By Ripples
Ripples is a remarkable cryptocurrency company.The company has been making efforts to solve problems faced by bitcoin. For example reducing time needed to verify bitcoin transactions. It provides a network for transferring money and then turning it into local currency. Ripple has attracted giant investors such as Google Ventures. Its current value is estimated at $100 million.
Peer-To-Peer Lending By BTCJam
BTCJam is a lending company based in San Francisco.It lends bitcoin digital currency to its customers. According to the company’s CEO Celso Pitta, BTCJam will provide solution to many people in the developing world who have been finding it difficult to borrow loans due to many restrictions and requirements. The company gave out loans amounting to $5 million in 2014.
Secure Storage By Elliptic
Elliptic is a UK based company. It provides bitcoin storage so that your coins are safe. The company also insures bitcoin that it stores. This ensures maximum safety of your bitcoin even if it is hacked or an error occurs. You will not lose your money. Elliptic managed to raise a total of $2 million from Octopus investment.
Using Blockchain As Record Keeper By Factom
Blockchain is the name of the ledger that powers bitcoin. Factom intends to use it as a record keeping tool. They will also ensure that data integrity is maintained. By so doing, government and regulators will begin to view database embedded in blockchain as an excellent approach that can be used to enhance transparency and accountability.
World Passport Project
This is a project aimed at storing identity documents along bitcoin blockchain.
In conclusion, it is quite evident that companies are ready to invest in bitcoin digital currency but people are still not willing to embrace it like other currencies. There should be more startups and education to promote bitcoin.