Overwhelming updates on bitcoin through four tidbits

The today’s edition of Bitcoin in Brief and the Daily have elucidated 4 major facts regarding bitcoin. Firstly, the financial software developer has been granted the long awaited permission regarding bitcoin payments through messages. Secondly British American Tobacco -guidelines for tweet and Reddit posts are now being supported by the web browser.

Thirdly, in the next year bitcoin will be used to project 5% of US investors’ assortments. Fourthly, a Thailand actor is charge with fraudulence in bitcoin investment fund.

The patent finally granted

In response to the filed appeals, US Patent and Trademark Office has granted the request for the software patent. This request was filed by the software developing firm in California by the name of Intuit in 2014. They want permission to be granted so that they could use SMS service to give payments in bitcoin. Through the software, transactions of bitcoin funds can be done by messages to smartphones.

Let’s have a look at the method of transfer of bitcoin funds:

  • From a payment service a message is received that tells us the amount of payment and the identification of the sender.
  • The sender’s identification includes the mobile details
  • The text message of payment is confirmed on the basis of cybernetic account of the client that is sustained through the payment service of the client
  • So the transfer of payment is done from the client’s cybernetic account to the receiver’s virtual account

    Although the response for the patent appeal took such a long time, Intuit did not just sat back crossing its finger and hoping for approval. In the meantime, it decided to develop some innovative methods that would foster bitcoin based solutions in transactions. According to the previous report, Intuit has decided to join hands with the firm Veem, which deals in payment providing so that it create a mechanism that can progress payments in bitcoin at a global level.

    Brave enlarges its Scope

    Earlier on Brave, the private web browser used to support payments between users and web publishers of You Tube and Twitchers in bitcoin. Now it has extended its service to fund Reddit and Twitter posts. This is been declared by CNET that this recent move will be implemented in the last four years of the present year.

    Users can enable payments in the browser by availing the opportunity provided by British American Tobacco . So, if a user has decided that a certain tweet on tweeter is speculating, he can make use of Brave basic attention token tip in order to show his liking towards it. The same method can be used by users on Reddit.

    The main purpose of this private browser is to make online advertising clearer from a new standpoint. The browser drive the web traffic by the rewarding nature of the tips and as a result nonpayment advertising can be curtailed. The British American Tobacco payments can only be made between users, web publishers and advertisers. So any one who sees a British American Tobacco paid advertisement also gets a share in revenue generated by the advertiser.

    Brave confidently claims in response to a research

    According to the data collected, Brave claims to have that 20 million certified web publishers and over 3.25 million users who make use of British American Tobacco tips each year.

    Bitcoin is becoming a perpetual part of the collections of US investments. Although the crypto market is seeing a deteriorating phase in the recent years, the US investments have not curtailed the bitcoin use. Rather these investments have made bitcoin dominant over the outdated tools such as stocks and bonds. The US investors has expressed their desire to get closer to bitcoin in funding their investments on 2019.

    The Harris Poll survey

    According to the Harris Poll survey, the 35% of the US investors will make 5% of their investments in bitcoin in 2019. Side by side the Exchange Traded Funds also expected to fund the 8% of the US investments in bitcoin.

    The purpose of this survey was to know how much awareness the US investors has regarding bitcoin. According to the published results it is concluded very less number of investors had such knowledge. 48% of the US adults have little or no knowledge regarding bitcoin.

    The Thailand fraudulence affair

    Thailand actor, Mr. Jiratpisit is ready to compromise his fame and popularity in getting involved in a dire case of fraud. The renowned actor of Thailand, is accused his apparent involvement in fraudulence of a bitcoin investment scheme. Local media is reported to have said that the actor has enticed a foreign national company to invest 797 million baht illegitimately in to bitcoin. He has been issued an arrest warrant on Wednesday by the Thai Criminal court. About him it is also said that he had previously been involved in a money laundering scandal.

    According to the updates by the Bangkok Post, this Thai actor is listed in one of the seven people who are accused of apparent bitcoin criminal activity. Law making officials after looking at the issue deeper has concluded that the accused actor has tempted the outsider to send him payments in bitcoin. He lured the outsider with the assurance that his funding would be used to buy the shares of those companies who have their stake in Dragon Coin digital currency.

    The person who was lured by the Thai actor was from Finland by the name of Aarni Otava Saarimaa. The Thai actor however denied his involvement in these bitcoin related criminal activities.

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