🌎Bitcoin on the Rise: From Strategic Reserves to Growing Payments
Bitcoin Commerce in the news all over the Americas, from Bolivia to Vancouver
From strategic reserves to e-commerce success stories, it’s been a big couple of weeks in Bitcoin for Business.
Brazil introduces a bitcoin strategic reserve bill
Bitcoin payments are taking off in Bolivia following legalization of digital assets
Vancouver aims to adopt bitcoin as a reserve asset
Namecheap tops 73M in revenue and 1.1 million bitcoin payments
There’s a need for stable banking for Bitcoin Commerce in the USA
Looking for a laugh? Check out our Bitcoin meme of the week at the back of the Roundup! 😁
Find it all here, and thanks from the Velas Team!
Brazil introduces a Strategic Bitcoin Reserve Bill
The South American giant is in headlines around the world after introducing a bill in Congress that proposes to begin purchases of up to 5% of international reserves in bitcoin.
Interest in Bitcoin as a strategic reserve by another nation after the USA is interesting news for Bitcoin Commerce as there could be huge gains in regulatory assurance for bitcoin businesses in Brazil.
The Brazil Crypto Report had some interesting takeaways as well, including that the move is designed to protect the nation from exchange rate volatility and geopolitical risks, and cold storage wallets will be used to safeguard the bitcoin.
Check out lots more info here:
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Bolivia sees a 112% increase in digital payments
Staying in South America, Bolivia is in the news following the lifting of a ban on digital payments, with the country’s central bank reporting a 112% increase in digital payments in the four month period following the change.
According to the LATAM Crypto Report, the country has been facing a shortage of dollars.
Seems like a great opportunity for LATAM Bitcoin Commerce. It will be interesting to see what innovations come out of this in the months and years to come.
Check it out here:
Vancouver proposes a bitcoin reserve
It’s not just businesses and countries interested in maintaining a bitcoin reserve, the city of Vancouver is on the list now too.
The proposal is part of Mayor Ken Sim’s initiative to make Vancouver into a “Bitcoin-Friendly City”, as well as a move to preserve the City’s purchasing power.
It’s potentially great news for all the Bitcoin Businesses in Vancouver, which we featured August.
Check it all out here:
https://watcher.guru/news/vancouver-mayor-proposes-motion-to-adopt-bitcoin-as-reserve-asset
https://velascommerce.substack.com/p/exploring-vancouvers-bitcoin-boom
Namecheap surpasses 1.1 million BTC Payments and $ 73 million
The numbers here speak for themselves. Namecheap has been, by any account, a resounding success story in Bitcoin Commerce.
We recommend a read of the whole case study. It’s packed with information on how the company went from BitPay in 2013 to a completely open-source, self-custodial solution in 2020, and all the challenges and successes along the way.
And, if this has inspired you to add bitcoin payments to your business, hit us up! We can help.
Find it all here:
https://blog.btcpayserver.org/case-study-namecheap/
Bitcoin businesses in the USA need stable banking
Bitcoin businesses in the USA have reported on the difficulties of banking for many years. We have had first hand experience with this on some of our own projects.
The need for stable banking in order to operate a business really can’t be overstated. There’s just no getting around it.
We think this opinion article by Bitcoin Magazine gets it exactly right. If the USA has ambitions of becoming a Bitcoin Commerce friendly country, arbitrarily cutting off bitcoin businesses needs to stop.
This article makes the case and is a recommended read:
And our Bitcoin Commerce meme of the week.............🥁🥁🥁🥁🥁🥁
👷Top Builder 2024 Announced!
TopBuilder is an intense competition designed to discover the next wave of innovators in the Bitcoin ecosystem. Apply before Dec. 31st to participate in this Bitcoin only competition.
Did we mention: 15k in BTC prize? Apply here.
💻 2140.dev launches at Bitcoin Amsterdam
2140.dev launches a non-profit dedicated to supporting open-source Bitcoin research and development. Check it out here: 2140.dev
⚡Africa Free Routing offers a Nairobi bootcamp
It’s a four day deep dive into Bitcoin Lightning development scheduled for December 2024. Scholarships are available now here: https://freerouting.africa/bitcoin-lightning-dev-bootcamp/