The team of 0x announces 0x Instant

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Recently the team of 0x announced their new release called 0x Instant. With this new update, users can now make instant crypto payments. Also, smoothly add purchasing to any app or website they have. 

“Instant is open-source, fully configurable, and allows hosts to earn affiliate fees on every transaction. Under the hood, Instant aggregates liquidity from 0x relayers for any ERC-20 or ERC-721 asset. It automatically finds the best prices within the 0x networked liquidity pool and lets users pay for tokens with ETH via MetaMask, Ledger, Trezor, or any other Ethereum wallet,” says in their blog post.

Coinbase Wallet already using Instant

The 0x team claims that Coinbase and Balance are already using their new 0x Instant improvement in their products. With the help of Instant customers of Coinbase and Balance can seamlessly purchase tokens within the services. All this is available with the multiple tools that 0x Instant provides. You can start with Instant Configurator to identify the tokens you support. Choose a liquidity source and select the affiliate fee, if there is any. Next, with Asset Buyer, you can configure and have full control over how the UI is designed. Also, they explain how this works in their blog post: “AssetBuyer leverages the new forwarder contract to abstract away the complexities of sourcing orders and performing market buys in the 0x network. That means no more wrapping ETH!”

A diverse set of projects already being hosted

0x claim that “Developers and creators can utilize Instant to build product experiences that couldn’t have existed before.” These projects include non-fungible token marketplaces, non-custodial crypto wallets, as already mentioned above, dApps, and crypto price feeds.

Non-fungible tokens are a particular type of cryptographic token which represents something unique; non-fungible tokens are thus not interchangeable, says Wikipedia. 0x Instant main focus with these NFTs are crypto gaming industry. Recently Emoon implemented Instant to provide users access to a wide variety of NFTs. Emoon is a decentralized marketplace for ERC-721 assets.

CoinGecko adds 0x instant

For dApp projects, an example is Augur, “which integrated Instant to offer REP, so users can quickly join their network to participate in prediction markets.”

CoinGecko, as a crypto price feed representative, has added Instant to several coin pages, so that buying these coins become even more accessible than ever before.

Instant crypto transfers

This development, of course, marks another step closer to mass adoption, as this makes buying crypto so easy either for crypto beginners or already experienced users. However, this also paints a pretty vivid picture for the future, how crypto transfers and purchases might happen. Just by a few clicks, your desired cryptocurrency can be purchased straight to your Ethereum wallet. That is done though Metamask, a Google Chrome extension, which is a bridge between your Ethereum wallet and Google Chrome browser. Also, Brave browser supports this as well. This is yet another important step towards easing the way how people buy cryptocurrencies. Consequently, this technology will develop over time and we might see new features to come.

Source:

https://goo.gl/NVsHLJ
https://0xproject.com/instant

Photo by bruce mars from Pexels

Coinbase’s range of assets – a bullish sign?

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Recently Coinbase came out with a blog post announcing a broad range exploration of assets. These assets include Cardano (ADA), Aeternity (AE), Aragon (ANT), Bread Wallet (BRD), Civic (CVC), Dai (DAI), district0x (DNT), EnjinCoin (ENJ), EOS (EOS), Golem Network (GNT), IOST (IOST), Kin (KIN), Kyber Network (KNC), ChainLink (LINK), Loom Network (LOOM), Loopring (LRC), Decentraland (MANA), Mainframe (MFT), Maker (MKR), NEO (NEO), OmiseGo (OMG), Po.et (POE), QuarkChain (QKC), Augur (REP), Request Network (REQ), Status (SNT), Storj (STORJ), Stellar (XLM), XRP (XRP), Tezos (XTZ), and Zilliqa (ZIL).

Not all will be available for everyone

Coinbase explained that not all assets would be available for everyone. That highly depends on the law of the specific jurisdiction. “Some of these assets may become available everywhere, while others may only be supported in specific jurisdictions,” they say in their blog post. They are working closely with local banks and regulators to add these assets in as many jurisdictions as possible. Also, some assets might be only available for hodling, they reveal in their post, saying that “our listing process may result in some of these assets being listed solely for customers to buy and sell, without the ability to send or receive using a local wallet.”

Why now?

This decision by Coinbase comes not precisely as a surprise, but it raises a specific question. Does Coinbase know something that we don’t know? Why explore the addition of these assets only now? Of course, “now” is a stretched term, and they already announced this in September, but all of these assets have lost more than 90% of their all-time high value. Is Coinbase discretely signaling of a bull market approaching?

“Over time, we intend to offer our customers access to greater than 90% of all compliant digital assets by market cap.”

Isn’t this a little late? Multiple services are offering this already, so what would set Coinbase aside from them? However, the motivation is bright for this, the market is getting larger, and people want to hold their assets in one place. On the other hand, this could have been a great feature last year, during the ICO craze.

As reported previously, Coinbase first added the support of Basic Attention Token (BAT). Then without notice, they added 0x (ZRX), and just recently, Coinbase added Zcash (ZEC) to their multiple platforms.

Source:

https://goo.gl/N4KW2Z

You can buy luxury headphones with crypto!

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We have found yet another marketplace, where you can spend your crypto! 

Headphones.com is a family business, run by two brothers, which accepts cryptocurrency payments!

Their primary goal is to deliver the customer the best sound experience for the best price in the market.

Accepting crypto for headphones

Cryptocurrency payment options within the website.

Judging by the twitter profile of Andrew Lissimore, the CEO of Headphones.com, the two co-working brothers have been early Bitcoin investors. Andrew is continuously endorsing cryptocurrencies and blockchain technology in his twitter profile. They started accepting Bitcoin in early November 2017, and now they have grown to multiple cryptocurrency payment options. They accept Bitcoin (BTC), Ethereum (ETH), EOS, 0x (ZRX), Litecoin (LTC) and more cryptocurrencies. 

The business model

Their business insists on five significant principles. They guarantee that their product will always be 2% cheaper than any other product on the market. However, there are a few occasions when they can’t beat the price. Then they will let the customer know, that their competitor has a better rate. Next, they provide fast and free shipping. Headphones.com will delist any product that gets terrible reviews from the customers, that way they only sell a product that their customers love.

Possibly the best thing which sets this company aside from similar ones is the fact that the time to send the product back and ask for a refund is a full year!

Moreover, they are constantly improving their online store to meet its customers best expectations.

It’s common to see self-made businesspeople accepting cryptocurrency payments within their companies. They are young, and they share almost the same ideology than crypto – getting rid of the middleman. Also, this state-of-mind kind of brings cryptocurrency and everything related to it together with these kinds of people, that are willing to do good for the society.

Keep them crypto-friendly businesses coming!

Source:

https://www.headphones.com
https://goo.gl/xvtHT2
https://twitter.com/andrewlissimore

Photo by Bansi Jadhav from Pexels.

Basic Attention Token steps into Coinbase!

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On Friday, November 2, following an announcement from Coinbase, BAT (Basic Attention Token) is available on the Coinbase Pro trading platform. The first trading book to open will be the BAT/USDC trading pair. At the moment this is not available only for residents of the state of New York. 

The four stages

Coinbase carefully describes that this BAT implementation will go through four different stages. The first stage is only for depositing BAT. Users will not be able to trade it.

The second stage means that users will be able to put limit-orders, but no matches or completed orders are going to occur. “Order books will be in post-only mode for a minimum of one minute,” says in their announcement blog post.

In the third stage, the limit orders will start matching, but users will not be able to submit real market orders. This limit-only mode will be for a minimum of ten minutes.

So in the final fourth stage, full trading, limit, market, and stop orders will be active.

BAT to conquer Coinbase

Coinbase notes that at the moment BAT is not available at Coinbase.com or on their iOS and Android apps. They are going to announce it later.

Previously Coinbase added the ZRX (0x) token, but that implementation went the other way around. They implemented it on all of their platforms – Coinbase.com, iOS, and Andriod apps first. Only after that, they enabled it for open trading.

I believe the answer to this is that Coinbase considers BAT a small market. They’re doing the four-stage implementation to check if this addition can establish sufficient liquidity, only then they will fully activate the BAT/USDC trading pairs.

Basic Attention Token

Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users.

BAT just recently released their new version (0.55) of the Brave desktop browser. The latest version of the browser is based on Chromium. The new version is 22% faster than the previous, and with that, it is the fastest browser they have ever made.

It looks like these past weeks have been very successful for BAT, and they are here to stay. They have been continuously upgrading their Brave browser and expanding their markets. Today BATs largest market by volume is on Binance (BAT/BTC) with $42 million volume in the last 24 hours. They are working on delivering the Brave version 1.0, which will feature an extensions store, private tabs instead of windows, tab previews and more UI customizations.

The Price

It is interesting to see an instant price change following news like this. The BAT price was doing fine, with no significant fluctuations, and then on November 2, 10 PM, the price just spiked from $0.26 to $0.31 in only about five minutes. At the moment it has leveled out at $0.29. This Coinbase addition is good for BATs adoption since Coinbase is the leader cryptocurrency wallet app for mobile users. Now it will become even more comfortable for them to purchase BAT.

Source:

https://goo.gl/NnN6gi
https://goo.gl/gTJgkY
https://basicattentiontoken.org
https://goo.gl/EDLTiR

Photo by Pexels.com (Quintin Gellar)

Coinbase unexpectedly lists 0x, still no sign of XRP!

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Yesterday, October 16th, Coinbase came out with an announcement of adding 0x (ZRX) to their cryptocurrency platforms Coinbase.com and iOS and Android mobile apps. ZRX is now available for buying, selling, storing, sending or receiving, but not yet for trading. It is available to all the customers except residents in the United Kingdom and in the state of New York. 

ZRX or 0x, is an Ethereum blockchain based open protocol designed for decentralized exchanges. With the help of the protocol, decentralized exchanges can speed up the order book process and could eliminate some of the unnecessary transaction fees.

Of course, the Twitter thread under the announcement, as always, went mad because of the reluctance of the Ripple supporters. A lot of tweeters showed confusion, asking what was the above mentioned ZRX, and why Coinbase didn’t add Ripple instead. @alansturgis1 says: “Still in shock you list ZRX but not XRP. Makes no sense at all! Your business ideology is a mystery.”

Some even got offended like @Andyram2k and said things like: “Who says we want #XRP to be on Coinbase? Its gone from a potential outcome to a meme. I think Coinbase needs XRP more than XRP needs Coinbase”

One thing we know for a fact – the Ripple community is very large, and they are willing to defend their asset at any given time. The best thing, what can I say about Ripple, which I read somewhere on the internet, was – Ripple is the Top3 most popular crypto asset in the world, and has been sitting there for quite a while. They have reached these highs with no help of Coinbase. Coinbase has helped Bitcoin, Litecoin and Ethereum in the long run, because last year, Coinbase had 50k users joining their platform per day, and it is the top crypto mobile app in the world! And tell me that doesn’t affect the market of the mentioned assets.

But since Coinbase came out earlier saying that they are willing to add as many crypto assets as possible, I believe the time of adding XRP will also come soon and we could be seeing a lot of new assets added on Coinbase platforms in the near future.

Source:
https://goo.gl/AFXwX1
https://goo.gl/CnzKrq
https://goo.gl/CWsQPw
https://goo.gl/GwYz9U

Photo by Canva.com