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The application Spedn will allow you to pay in the store with cryptocurrency, the Stuttgart Stock Exchange launches notes in lightcoins and Ripple. Miners earn with bitcoin commissions.
A number of US chain stores will start accepting payment in cryptocurrency. This opportunity came thanks to the collaboration with startup Flexa and Gemini Exchange. Using the Spedn mobile application, the client will pay through the phone. Whole Foods, Crate and Barrel, Nordstrom and the Baskin Robbins coffee chain have already announced that they are ready to switch to a new technology.
And for retail stores, this project should be very profitable. Paying for purchases through BTC, BCH, ETH and GUSD allows you to reduce commission costs. Earlier, many store owners expressed dissatisfaction with the high costs of conducting transactions. Now the Spedn application will allow you to pay for purchases not only with cryptocurrencies, but also with US dollars in a stable Gemini Dollar. This will eliminate the risk of increased volatility and make asset storage more secure.
Why does retail need cryptocurrency
The second largest stock exchange in Germany is expanding its listing of cryptocurrency financial assets. Now on the Stuttgart Stock Exchange you can buy and sell notes with reference to the rate of Ripple and litecoin.
The ETN tool will be available in pairs with a Swedish krona and a single European currency. Moreover, after acquiring a security, its holder will not be required to redeem the asset itself. His duty is to pay off the note after the expiration of the contract. Not so long ago, the Stuttgart Stock Exchange announced plans to create its own platform for trading cryptocurrencies. However, this project is still under development.
Analytical company Messari conducted a study on the remuneration of miners for conducting transactions in the Bitcoin blockchain. It was found that in just one day they receive up to $ 580,000. It was this indicator that was recorded on 10 May. This is 8 times more than the miners of all other cryptocurrencies earned this day.
According to experts from Messari, in the near future commission payments for transaction support will become one of the main sources of income for miners. Already in 2019, the reward for the unit will be reduced, which will lead to a multiple decrease in profitability. The commission in the Bitcoin network remains one of the highest, since this cryptocurrency is most often used for investment purposes.