Mexican wall and cryptocurrency payments

While conservative policies are creating barriers to cryptocurrency, citing national security, the digital currency successfully perform its task of overcoming national borders.

If you imagine that money talk, the cryptocurrency allows you to talk to each other instantly with lower costs and fewer middlemen. Victory will be those who will facilitate cross-border payments in the future.

President trump has repeatedly stated that the construction of the wall on the border with Mexico, and he intends to fulfill that promise.

For this reason Western Union is seriously considering the possibility of using cryptocurrency as part of their business model. Today, Mexican immigrants and migrant workers send money to Mexico or anywhere else. According to BusinessWire and the world Bank, Mexico is the fourth largest recipient of international remittances in the world.

For transactions of Western Union, the Commission is charged to both parties. For example, the payees may pay up to 10% when receiving cash.

According to the mechanism of most cryptocurrencies, the recipient generally does not pay Commission, because it adds the transaction data in the blockchain, and the sender. In addition, the transaction fee is usually not associated with a transaction amount and the actual amount of data needed for its processing bloccano.

So does Bitcoin work. The establishment of Mexico’s own bitcoin exchanges to convert crypto currencies into pesos, the installation of bitcoin ATMs and an active OTC trade means that Bitcoin is going to become a cash alternative.

Any blockchain can simplify cross-border payments, but there is a question of liquidity, which is always a problem. In Venezuela, some projects have made significant efforts to help all who suffered from extreme inflation policy. Including Dash, Flash, and zcash for.

If immigration policy is trump to combat illegal immigration is successful, the remittance market between the U.S. and Mexico will grow, because people from both sides will provide each other with financial assistance. According to the world Bank report, published in December, last year, Mexico received remittances to the amount of $ 33 billion.

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MyEtherWallet added scheduler for payments

In the most popular wallet for Ethereum and token ERC20 has a new feature.

MyEtherWallet to implement the function of planning and automatic execution of payments. This will allow users to manage subscriptions, participate in ICO in a clearly specified time (even if they are sleeping at the time of transfer of the funds) and make payments or series of payments for a pre-planned schedule.

There is also the option to cancel pre-planned payments.

A detailed description of new features is available on the official blog of the wallet on Medium. There you can learn how you can earn a little bit ETH providing services TimeNode.

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Reddit will once again begin accepting bitcoin payments, and also adds support for Litecoin, and Ethereum

Reddit is the biggest community where crypto enthusiasts discuss technology. The branch Bitcoin 816 thousand subscribers, and branches Cryptocurrency over 663 thousand.

In March the platform has suspended accepting bitcoin payments for premium membership without prior notice, leaving customers the opportunity to pay for reddit gold using PayPal and credit card. But after about innovations became known to the subscribers of the branch Bitcoin, Reddit administrator was forced to comment on the events. He claimed that they were having problems with the payment platform Coinbase:

“The upcoming change in Coinbase in combination with some errors in the payment option bitcoin, forced us to disable this option “

Coinbase has made changes to the Commerce Coinbase, which required significant updates. Reddit decided not to do it, but just to eliminate Bitcoin as a payment method.

Christopher slow, technical Director of Reddit, said that they are working to bring Bitcoin to their platform. He confirmed that they did not have time to upgrade, because they were focused on the new design to Reddit.

When asked whether they intend again to take cryptocurrency slow replied:

“We are considering not just Bitcoin but other cryptocurrencies and, in particular, Litecoin, and Ethereum, who are also present in Coinbase Commerce”.

So this time users will have more options to pay for Reddit Gold. Slaw has not indicated the exact dates for the return of the cryptocurrency on the platform, however, assured that it will happen.

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