Tag: bitcoin

United Way Worldwide embraces digital currency

United Way Worldwide teams with Coinbase to accept Bitcoin donations

United Way Worldwide, a non-profit leadership and support organization, has announced its partnership with Coinbase, a commerce platform that specializes in Bitcoin. Through this partnership, United Way will begin accepting Bitcoin donations, making it the latest non-profit group to show some support for the digital currency. Bitcoin is somewhat controversial, but it has become accepted among non-profit organizations that attempt to attract support from a wide range of people, both online and off.

Bitcoin is gaining more support throughout the world

Bitcoin is sometimes seen as a dangerous sort of currency because some people associate it with hackers and malicious groups. The currency is, however, not affiliated with any singular group or demographic, serving only as a medium of commerce. The real issue that Bitcoin has is its volatility. Currently, one Bitcoin is worth $468, but the value of a single Bitcoin can change dramatically at any given moment. The currency’s value is affected by many factors, particularly its unregulated nature.

Digital currency could help non-profit groups engage a wider demographic of supporters

Digital Currency - Bitcoin Through the Coinbase platform, United Way will be accepting donations into its Innovation Fund. The organization is embracing the opportunity to make it easier for donors to support causes that they are interested in. The organization suggests that embracing innovation is one of the ways it can encourage others to do the same. As such, United Way may serve as an example of how non-profit groups can accept digital currency and attract more support from a wider demographic.

Bitcoin is having a major impact on the mobile commerce space, allowing businesses to engage mobile consumers more effectively

Bitcoin has become particularly favored in the mobile commerce space. A growing number of retailers and other businesses are beginning to embrace digital currencies because it gives them more access to mobile consumers. Mobile commerce has helped bring digital currencies from obscurity, showing that they can be used as an effective medium of commerce. As mobile payments continue to become more common, Bitcoin is likely to receive more acceptance as a legitimate currency.

Bitcoin app allowed back by Apple after policy reversal

This has opened up the opportunity for iPhone users to be able to send and receive the virtual currency.

Apple has now made the decision to allow the Bitcoin app back into its store so that iPhone users will be able to join Android smartphone owners in being able to send and receive this virtual currency through the use of their devices.

Until this change was made, the ability to make the transactions was limited to Android devices.

While the Google Play store has long been permitting mobile application developers to create smartphone Bitcoin app wallets so that device users can make exchanges of that alternative currency, Apple has blocked it from its own App store. That has meant that if iPhone users wanted to take their Bitcoins with them wherever they went, they were simply out of luck.

This blockage of the Bitcoin app created a considerable uproar that looked as though it was being ignored.

Bitcoin appClearly, this was not the case. The objections did not fall on deaf ears, and Apple has now reversed its policy to block the currency and is now allowing mobile wallet apps that allow it to be transmitted, provided that they comply with the law. Apple has long appeared to be working against cryptocurrencies as it has blocked the applications of several different forms, beyond Bitcoin. Altcoin also found its wallets stopped.

It is clear that Apple was not necessarily against the cryptocurrency, as it still allowed a range of applications that had to do with them, such as price tickers and news feeds. However, the company’s policies stated that the wallets would not be allowed if they facilitated the sending and receiving of those digital funds. It has been assumed that they were attempting to avoid stepping into the field of government monetary regulations.

Now, the regulatory guidelines have been changed at Apple, so that they now include a provision regarding developers seeking to create a Bitcoin app that will allow its users to send or receive this form of digital payment (most commonly in the form of a wallet). The revised guidelines are located in section 11.17.