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Opera Now Allows Android Users Buy Crypto Directly from Its Browser Built-In Wallet

Opera now allows android users buy crypto directly from its browser built-in wallet

Opera Now Allows Android Users Buy Crypto Directly from Its Browser Built-In Wallet

Photo: opera / youtube

Photo: Opera / YouTube

Norway-based Opera, known for making web browsers for mobile phones and PCs, has announced a new buying service for Android users. Now they can buy Ethereum directly from its browser-based wallet. Just a few clicks from the browser’s main menu is all you need to get coins.

Currently, the service is available for users in Sweden, Norway, and Denmark.

To make this launch, Opera partnered with Safello, safe and simple ₿itcoin exchange for European customers. As a result, users are allowed to make payments with credit and debit cards, along with “trusted” payment networks including Swish in Sweden.

Frank Schuil, CEO and co-founder of Safello, commented on the collaboration:

“Our solution will secure all transactions on the Opera browser through the same rigorous regulatory requirements that built trust with our customers. Users’ identities will be verified securely and seamlessly with BankID and NemID in the Nordics.”

He added:

“This integration puts the functionality to purchase crypto right at users’ fingertips. Safello will power transactions on the Opera mobile browser for Android in the fastest way possible — in less than 60 seconds. With the convenience of credit and debit card payments, and transfers over trusted payment networks, such as Swish in Sweden, we are bringing down barriers to ownership.”

To access the instant purchase function, users must first be signed up to the electronic identification system BankID, which operates in Norway and Sweden, or NemID, in Denmark. It is notable that the function of instant purchase requires paying a fee. Safello usually charges a 7 percent fee on the quick buy option, however, for a limited time, users in Sweden will be given a discounted fee of 2.5 percent from the exchange, while Danish and Norwegian users receive a discounted fee of 5 percent.

Charles Hamel, Opera’s product lead for crypto, explained how the idea to launch instant purchase functions appeared. The team identified the main hurdles to the mainstream adoption of crypto. These barriers include the separation of wallet and browser, a burdensome process of obtaining cryptocurrency, and difficult scaling of products.

Hamel said:

“We hope that by removing all this friction, developers will be able to reach a wider audience more easily, and in turn build new web3 services that have a more mainstream appeal.”

Currently, the function is being tested and is likely to be met with support and approval.

Opera’s built-in Ethereum crypto wallet has already got positive feedback. Launched in December 2018, the wallet maintains a high-security level. It gives users total control of their collectible keys and funds as they are all stored on their smartphone. Also, the wallet uses Android’s secure system lock that makes blockchain transactions easier. Therefore, users do not need any extra passwords or PIN codes.

Opera obviously has a lot of ambitions. Earlier, the company partnered with blockchain advisory and financial services firm Ledger Capital to explore possible blockchain applications. In the future, Opera plans to find more growth and development opportunities.

Published at Thu, 07 Feb 2019 10:39:40 +0000

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Max Keiser: BTC to $100,000

Ever-the bitcoin bull, Max Keiser has declared that he thinks bitcoin’s top will be $100,000. According to Russia Today, the network on which Keiser has a regular slot on global economics, Keiser stated in an interview that the  world’s leading digital currency is a “gift from God to help humanity”.

The cryptocurrency advocate went on to elaborate his predictions for the alt-coin market. For him, those currently at the top would likely remain whilst many would disappear:

“Ninety percent of trading is in the top 20 coins, and that will continue. Coins will come and go. The composition of the top 20 will change less frequently. It’s similar to the thousands of stocks that trade on the NYSE and NASDAQ. Over the years, many disappear, new ones are listed. The difference being that with crypto, things move 100 times faster.”

Keiser went on to critique bitcoin Cash. For him, the hard fork of bitcoin that occurred this August is merely an attempt to cash in on the brand name of bitcoin. The sometimes-explosive analyst referred to it as nothing more than an alt-coin and tantamount to plagiarism:

bitcoin cash is an alt-coin that has its fans just like many alt-coins. I don’t think anyone who uses bitcoin’s name and applies it to an alt-coin like bitcoin cash does is adhering to acceptable business practices. In other words, bitcoin’s brand is being stolen by a competitor that calls itself bitcoin cash and this is outright fraud in my opinion, just like it’s fraudulent to use Coca-Cola and Nike’s name to sell soft drinks or shoes.”

When asked if bitcoin was hyper-inflated, he flipped the question on its head. Clearly, the interviewer meant was the price hyper-inflated, however, Keiser of course used the opportunity to rail against the dollar and the rate of inflation in the US. He spoke of the finite supply of bitcoin and how the number of Bitcoins minted is ever-decreasing. Of course, being a crytocurrency proponent, he measures wealth using a scale comprising of a certain flashy, wing-doored super-car:

“I can buy ten times more Lamborghinis this year than I could last year with the same amount of bitcoin. The US dollar is an inflating asset. There are trillions more of them every year. The amount I need to buy a Lamborghini keeps going up, not down. It’s garbage.”

He concluded by comparing those who don’t believe in bitcoin today with Michael Dell in the 1990s. The computer manufacturer called Apple an embarrassment and recommended that they shut down. Two decades later, Apple are one of the most valuable companies in the world and as Keiser reminds us: “nobody talks about Michael Dell anymore.”

 

Image: PixaBay

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