The Success Of Bitcoin Is You | bitcoin success

Bitcoin has been rising from USA to China to Pakistan. People are now beginning to realize its potential. Bitcoin is predicted to become a reserve currency(7th) by 2030 if the current trends continue. However I view bitcoin as the one and only true reserve currency. We have to understand that bitcoin is the only one of its kind from the other list of fiat dominated currencies that can truly be accepted anywhere and by anyone for anything. These options are further developed with the advent of OpenBaazar type services also.

Realization of the potential of a free economy has seen price of bitcoin rise steadily. in addition to this we now see the companies like steam even starting to accept bitcoin. For 3rd world countries its an even better opportunity as capital controls and strict banking requirements make it difficult to have access to proper credit card or debit card services. It makes it easier for people to use bitcoin as a sort of a prepaid system of making payments.

Today Japan is debating on accepting bitcoin as a proper currency which can be a huge step and a leg up on the competition. Bitcoin has caused a rise in the fintech revolution and no country wants to really ban it. They realize that the potential is there and they see that is bound to happen. How long will it take for true realizing is only a matter of time.

Earn A Little – Online Earnings | earn bitcoin online

Idea of online earning is not an old one. We have seen many websites launched that are now selling “adpacks” or “advertisement upgrades” promising you to earn by working online. While there are many of these that make you invest upfront there are few that are completely free. The reason I wanted to write about this is because many people call us and ask how do we make money online.

Earning online, or earning bitcoin or btc is not a simple task. I tell people you have to work hard and the best way to earn especially bitcoins in Pakistan is to go to sites like fiver or my personal favorite xbtfreelancer (well they pay in bitcoin ;)) is the way to go. These are freelancing websites that offer you payments for your skills. Pakistan is now the 3rd largest freelancing producer in the world. And with recent news coming out about how freelancers are working to earn online in Pakistan the standings will only improve while providing job opportunities.

To add to this I have seen many people who do not have the skill set to work on these sites or find it very hard to compete against the set players in the field. For the later (while I dont promote these often I am telling people about this so they can give them a try) I suggest looking to something called ads viewing or clicking. These websites are pretty straight forward all you have to do is signup click on view ads or my advertisements and just click on ads and watch the ad for a few seconds. The ad window should be active for getting credited for the ad. These sites pay in multitude of payment methods with bitcoin being one of them. I would strongly suggest against buying any sort of upgrades etc from these websites and I dont run any of them. I have just been testing out a few sites such as ads4btc (video)and adfiver. You can also go on something like ifaucet and earn through faucets.

Please take note that I dont own or know about these websites. But I am testing these out just to let people know if they actually payout. I also recommend that dont buy and upgrades from these sites instead there are many sites offering this free and you can simply signup on multiple sites rather then buying adpacks or upgrades etc.

Blood on the streets | bitcoin, btc, xbt, price

My thoughts on what happened with the bitcoin price this week. I had recently covered a blog post at bitlanders covered here on why I thought the price had gone up. Closing comments were that we can see a drop if and when the sell comes.

The Rise:

Bitcoin Price touched the highs of 2015 by hitting $500 plus at the same time major exchanges were hit by a DDOS attack followed by arbitrage opportunities which caused a bit of concern since the transaction volume of bitcoin took a jump. As such bitcoin transactions started getting delayed to from 3 to 6 hours. Major trading platforms in China saw volumes as large as 2000000 btc in 24 hours. I guess for a person who had just gotten into this it was very shocking and exciting time but as the experts will tell you this has always happened to bitcoin. I do advise all the new investors to weigh the pros and cons of btc first, as its not just about making money on the short term.

In the News:

Bitcoin price had received great news that kept the buy pressure up. One was by Bloomberg which advised to keep an eye on btc, which was later(2 days) followed by research by CNBC which stated that bitcoin will become the 6th largest reserve currency by default at current pace by the year 2030. This was seen by large as a very positive sign and the buying continued.

The Fall

The above aspects saw the rise all the way upto $500+ before the dumping began. The pull also must have created panic selling orders followed by bots going into sell mode as I mentioned in the blog and therefore saw a fall in price of btc to $360. While predicting the next wave is very difficult we are now seeing a more controlled rate around $380 to $404.

Where will the piece go next:

I am no expert at predicting prices however for traders I suggest sticking with intra-day trades rather then looking to make it big in overnight bull runs. Additionally articles are covered online at our main news site http://www.newsbtc.com and for all other news regarding litcoin dogecoin or bitcoin you can check out http://pk.newsbtc.com where we try to cover everything in Urdu plus cover Pakistan related news about bitcoin in Pakistan

Use Bitcoin Dont Abuse. | bitcoin, what is bitcoin, bitcoin pakistan, bitcoin in pakistan


Most people get into bitcoin due to making a quick buck by mining. Once they do however get in they realize that the beauty of bitcoin lies in its theory of what Satoshi Nakamoto presented. The idea was decentralization of digital assets or money or currency. While recently everyone is talking about the technology that is blockchain they fail to realize that its not the blockchain or bitcoin itself that made it famous, it was the underlining principle that your funds should really mean that they belong to you.

Fast forward today and we see most people trying to setup mining farms or make it big by trading bitcoin and crypto currencies. While I believe that bitcoin exchanges have made a big impact and are helping it move forward and making it available for the masses, we still tend to lag in actually utilizing bitcoin the way it was intended. Bitcoin was suppose to bridge the gap between third party holding your funds and charging you for utilizing them to a complete peer to peer system. I believe if we are to move forward it is very important to utilize bitcoins for buying and selling and creating opportunity to use bitcoins everywhere.

Now the question comes to mind is what I can do other then store it for value or use them as a safe guard against what recently happened in Greece? Well you can do alot now. Big name companies have begun to accept bitcoins as a payments. The reason behind this is simple its cheaper to accept bitcoins then credit cards, with no chargeback issues plus a low fee of 0.0001 btc it makes sense for people to accept and pay in bitcoins. Services such as Dell, Microsoft, Vultr(a VPS service),  namescheap(domain and hosting services), expedia(hotel, ariline and local transport), cheapair(airline tickets) and topup24 (buy mobile prepaid credit) makes it easy for anyone around the world to utilize bitcoins.

Sitting in Pakistan where credit card acceptance may be one of the lowest in the world we see bitcoins as gateway. The general population of Pakistan is below poverty level and hence doesnt really have access to the international gateways like most countries do. Bitcoin can be a bright light at the end of the tunnel, donations, payments, remittance can be utilized to the micro level bitcoins. And now you also have a place to utilize your bitcoins not just trade them at trading exchanges. But if you are just old fashioned and still want to trade bitcoins for profit you can always join us at Urdubit.

On ending note, Start using bitcoins like they were meant to 😉

BITLANDERS: “ BitCoin Meets SocialMedia.” | Earn Bitcoins, Bitlanders, Free Bitcoins

You might not know about Bitcoin yet and the digital miracle currency that it is, Bitcoin is a peer-to-peer digital currency that allows users to purchase goods and services and cash out in liquid cash in the currency of their using by using bitcoin merchants like UrduBit (Urdubit)in Pakistan.

 

Bitlanders is the social media that pays!

 

BitCoin Mining is the way new bitcoins are produced but it is not the only way to get Bitcoins, a new and fun way of getting bitcoins is to join Bitlanders. This social media site that pays you in bitcoins by how and well efficiently you use the platform itself. Bitlanders lets you share new and create stuff similar to google plus and facebook. You can write blogs, post videos share youtube videos and also do daily tasks such as look at others videos and blogs to earn.

BitLanders pays you by calculating your social reach or following into a ‘BuzzScore’. The BuzzScore is a competitive scale of ranking starting from zero and ending on 100, which shows your skill to involve users in your content, posts , blogs, videos, pics or even by sharing outside content. It takes into consideration the amount of people that subscribe to your content, as well as ‘buzz’ your content (like Facebook like), as well as share their views on it or comment with their thoughts and ideas.

Your BuzzScore is calculated daily and by the end of it you are given a certain amount of BitCoin which reflects your BuzzScore and current BitCoin Price.

You can blog, post, share a picture or a video and upload a self made film and your earning starts!

 

Earning BitCoins with Bitlanders

With BitLanders, users get bitcoins just for doing stuff that they already do on other social networks like Facebook and Twitter. It’s a pretty simple process. Users who contribute and participate in the social platform are awarded regarding their posting activity performance.

Just by posting images, videos or writing posts, users will be able to earn some tips directly from the social media platform. It takes time for users to earn a good amount, but it can increase pretty fast if their content becomes very popular.

Spend all day Facebooking or tweeting? Why not join Bitlanders and get paid for the time you spent rather than spending it for free.

How to Join?

Its easy and simple. You can use your Facebook or Google Plus account to log in or Just visit Bitlanders and click on log in. And yes. It is done that easy.

User Oriented:

You can use BitLanders like facebook, wordpress, blogging, twitter and YouTube, making BitLanders a very versatile site and easy to use and whats more the content on BitLanders is not in chaos like in other social medias and the Bitlander team monitors it, ultimately allowing you have a unique experience with original and creative content,

Features:

BitLanders has its own unique ways, instead of having a profile pic, you get an avatar that you can edit according to your personality or your wishes on how you want yourself to appear digitally which in term symbolizes the digital currency, BitCoin. And makes the site more content oriented than celebrity worship like other social media sites AND IT PAYS!!.
The Idea behind bitlanders is not a get rich quick scheme but to make money while you do what you do daily on sites such as twitter, google plus or facebook.

 

Creativity meets People and make its digital community

In BitLanders, a community of great talent, creativity and ideas meet and they post a lot of great work from stop motion animation to Photography and sharing your personal thoughts and ideas. There is so much to find and and in great diversity. Its east to find film makers, photographers, graphic designers and and people from all walks of the world leading their arenas with their ideas and thoughts.

WHY JOIN BITLANDERS?

  1. Its for you to use and earn:

It allows all type of users to earn money with their work, So much talent and genius goes unnoticed in this world. Well not anymore. Join BitLanders and earn if you think you have the talent and the guts to show it.

Even if you are simply a viewer like the most and so many at Facebook, twitter, you still get paid for sharing content, posting a status, pic, a video and you will get paid by the amount of buzz you get and getting people to comment and even by inviting your friends to join BitLanders.

  1. Easy to Earn and Enjoy while earning.

You spend so much time on Facebook doing dozens of things in a day and using twitter its only fair to get your piece of the pie and why not? You contribute your precious time and moments of your life. So surf, get entertained, pass your time while earning at BitLanders.

People in Pakistan have now Facebook for a hobby and no earning to speak for it. So Pakistanis should shift to BitLanders to earn in Bitcoins and convert it into real cash by using services like UrduBit.

  1. Being a Leader and being followed.

If you believe you have the wisdom or the words and can create such content that can inspire people or get you followers , you can get quite a BuzzScore in BitLanders and get paid.

  1. Join BitCoin Bandwagon before its too late:

BitCoin being digital currency is the new cool and people are transforming it as a means of real money. There are now BitCoin Banks, BitCoin ATMS, BitCoin Merchants, and even some retailers are accepting it as a method of payment due to its awesome feature and no inflation rate. So its only logical to join it before its too late.

 

We spend so much time on social media sites and out so much energy into making our profiles attractive and work so hard at posting stuff to get the like or spread information while these companies makes profit from it and share your information for their advertising means. BitLanders is the only social platform that gives you your deserved piece of the profits and rewards you on your time and the content you share with the world. If we can do it for free we can certainly do it more better if we get paid for it, and enjoy it at the same time. Its about time we change and adapt and yes, GET PAID for it!

BitCoin! A new way to pay and get paid. | bitcoins, bitcoin, paypal, btc, xbt, nyxbt

What is Bitcoin?When people say “Bitcoin” they are referring to one of two things.

1.       A digital/crypto currency.
2.       A payment system used for sending and receiving money online.

Bitcoin as a Currency Bitcoin is a digital, decentralized, peer to peer, pseudonymous currency based on cryptography. If that sentence made no sense to you, don’t worry  – I’ll break it down for you.
·         Digital – Bitcoins exist only as code, they do not exist as anything physical. People can (and have) made physical representations of Bitcoin, but ultimately they are based in the digital world.
·         Decentralized – There is no central bank or institution that issues or controls Bitcoin. It is a group of individuals all over the world who run the program that keeps the monetary system running.
·         Peer to Peer – You control your own Bitcoin, and when you send Bitcoin to someone else, it goes directly to them. There are no banks or middlemen.
·         Pseudonymous – While all Bitcoin transactions are publicly view-able in an open ledger called the Blockchain (we’ll get to that later), the sender and receiver are only known as a string of numbers and letters. If you’re careful about your identity, using Bitcoins can be done anonymously.
·         Based on Cryptography – The strength of Bitcoin as a digital currency lies in the code, which uses strong cryptography to ensure that the coins cannot be accessed without proper permission. Bitcoin is the first digital currency that has these characteristics, and as a result it is the first digital currency to become widely adopted on the internet. As of June 2013, it is handling nearly 60,000 transactions each day, and this number is accelerating quickly.

 

Why Use Bitcoin in Pakistan:

Bitcoin is Big news for Internationale buyers and sellers. It is no secret to Bitcoin users that digital currency makes PayPal’s model of online transaction look somewhat archaic by comparison. While the method was the darling of the online community in years gone by, the rapid advance of Bitcoin in particular has caused PayPal to come increasingly under the spotlight recently.

10. Lower Fees

This is usually the first advantage of cryptocurrencies that you hear from Bitcoin enthusiasts and experts. And this is certainly true as PayPal has been notorious for imposing hefty transaction fees on users of about 3%.

9. Community Support

You can also think of Bitcoin like an app on the Bitcoin network. This means that the protocol, add-ons, and supporting infrastructure can always be further developed and improved to suit the needs of consumers and all users.

PayPal was not constructed with this in mind and has a considerably narrower potential field of operation. In other words, while PayPal can certainly afford to pay its own team of talented programmers, it still will not be able to innovate at the same rate as a decentralized network of developers spread across the entire world.

Truly Global

PayPal is not available in every country with notable exceptions being Iran, Afghanistan, North Korea, and Haiti.

Bitcoin on the other hand is the first true transnational currency because it is border-agnostic like the Internet. In other words, it can be controlled to an extent on a very local level but cannot be shut down globally unless electricity is shut off everywhere in the world.

Unlike PayPal, Bitcoin can offer citizens living under oppressive regime a way out. People using this border-less currency can circumvent state supported financial monopolies and establish their own local economies.

Less Friction



With Bitcoin, it doesn’t matter whether you send 1 cent or 1 billion’s worth, the transactions fee is the same (approx. US$0.02) or btc 0.0001. And since it’s actually your money, it is only logical that you should decide on the amount you want to send.

Decentralized

The decentralized nature of Bitcoin means that there is no single clearing house monitoring and controlling the network. This ‘trust-less’ payment system greatly increases the security of a network as there is no single point of failure such as from a DNS attack, for example.

Versatile

To use PayPal, you must be online and have a credit card. In contrast, Bitcoin can be sent offline via email or even SMS on a Nokia dumb-phone.

Privacy

While Bitcoin is not truly anonymous, it can still provide a certain level of anonymity or pseudo-anonymity for users if they know how to cover their tracks and manage their digital wallets – a process that is expected to become more user-friendly with time. Additionally when using bitcoin you can pay directly to the receiver without providing any data hence safe guarding you towards future hacks on the site that you are paying.

In contrast, this is impossible for PayPal users as they are required go through the burdensome process of filling out long forms to prove where the money came from and what it will be used for. This is particularly true for international users.

Freedom

This is the overall most important point that cannot be stressed enough. Bitcoin lowers the barriers for all to participate in global commerce.

While this may seem trivial at first, consider that almost 2.5 billion people on this planet do not have bank accounts and thus, cannot use PayPal. Bitcoin has the potential to finally bring almost half of the world that is unbanked into the global economy, which can then be truly called Global.

Indeed, with Bitcoin, a local farmer in Tanzania can receive bitcoins on his mobile phone with the nearest bank or western union location being a hundred miles away. He is also able to send payments and be an active participant in the global economy. The same holds true for Pakistan. The masses have seen the success in high cost money transmitters such as easypaisa, mobicash, ubl omni or upaisa etc. Bitcoin can be the source of a cheaper solution to all if accepted by masses.

Thus, Bitcoin enables true globalization that is inherently inclusive and egalitarian, although how this technology is implemented is ultimately up to us – the users.

Adsense, Ads, Marketing and advertising (Bitcoins, btc) | bitcoins, btc, ads, adsense, google adsense, urdu adsense, marketing, advertisement, bloggers, pakistani bloggers, bloggers pakistan

This article is to cover the use of marketing services similar to adsense. While I will cover these with information with retrospect to Pakistan they should hold true for most countries with a few exceptions. Currently there is high demand for adsense and its ads placements in Pakistan. From my recent interactions with bloggers and eCommerce websites its evident that a vast majority of Pakistanis are producing great content that is being ranked really high and driving in authentic traffic. Similarly I look at the other end from marketing stand point of view this is great not just for international searchers but also for local searchers. In regard to this I have also seen many new bloggers trying to get into this field and make money. While there is real competition I would like to highlight a method that might go hand in hand and help both the marketing company and the bloggers by using services similar to adsense.

Marketers & Advertisers :

Currently people in Pakistan resort to ubl wiz cards or prepaid cards because its just very difficult to understand how adsense works. Most people dont even know the keywords they want to search hence they tend to stay away from adsense and turn to facebook marketing. While facebook is good to get your products viral I personally believe that adsense is better marketing platform and should eventually generate more results then facebook advertising.  A similar platform by the name of a-ads. There are many other similar platforms available but I will pick this one due to its anonymous nature.

For a eCommerce or retailer or any new startup its quite difficult to have a high budget to market on high ranking websites so services such as adsense, a-ads or facebook present a low cost high turnover return reward possibility. Now the question that might comes to ones mind is why a-ads and not adsense? To answer that let me get into a bit of detail. Adsense requires high traffic websites inorder for them to be approved and get paid. While this makes sense for most people going through the entire setup for a businessman who is just looking to run a new or an old setup becomes quite confusing and hence he has to resort to either hiring someone and paying them to do this work for him. With this setup comes risks and rewards. People tend up putting their credit card numbers and details onto google server for their employees to use for marketing their products. This has its risks. Which in my opinion are very high. This reason and the fact that bitcoin is anonymous like a-ads is why I prefer putting an ad campaign which is much simpler doesnt require information and you can simply deposit funds in bitcoins so that your personal data is secured and not sitting on remote servers.

A-ads has been around since 2013 so its not a new website. I believe their fees of 20% is a bit high but for a small setup that is reasonable. If you accept bitcoins I think this is the best way to market your products since this will mostly please the btc community generally. If we look at
https://a-ads.com/catalog Link  we will see:

Selected category gives ~773551 impressions per day and includes 4503 ad units.
CPM: 0.00154157 Ƀ ($0.40), CPC: 0.00002542 Ƀ ($0.01)

This shows that displaying your ads on a-ads is relatively cheap against if you were to use facebook ads or adsense. This is the added advantage. To add to this its also known fact that most people dont generate sales in btc unless there is a discount involved. So even if you do accept btc doesnt mean you will generate too many sales. But you will be able to market your product to the world and very low costs with the same btc you are earning. Is this all worth it. Well it doesnt hurt trying.

Bloggers:

The question is why use this if you have adsense? Well for once it doesnt matter which type of blog you have as long as you generate some kind of traffic you will get paid. Lets be honest here I did a test and have integrated a-ads here and while I am not going to be earning much I am going to be making something. The setup is such that I hardly get around 20-40 people daily in total from http://bitcoin.com.pk and http://bitcoinpk.com and I am still able to generate small amounts of income. While this might not be big its better then nothing and ads out to atleast cover the cost of the domain and blogs after a year. This is based on my current earnings for around 2.5 days that I see this happening. Since I pay for my domains and hosting in bitcoins through namescheap it makes the cycle or well worth it. The one thing to note here is for people who would want to replace adsense with a-ads while it doesnt really make sense if you are earning higher amounts there is one advantage you will have over adsense, that is payment through bitcoin which can be cashed out at better rates from urdubit as opposed to using direct bank transfer and services such as western union.

Conclusion:
To wind up this I believe that a-ads is a good alternative to advertise and market your products anonymously and without much risks. Additionally marketers and advertisers have a cheaper solution to market their products on low budget websites and still be able to generate sales. Most ads dont get direct sales but do generate an effect in which the customer is reminded of your services and return once they need the product. I would like to suggest for everyone to give it a go.  Would like to invite Bloggersadvertisers and marketing experts to review a-ads and other such services to help freelancers grow.

With New Tax Proposition Bitcoin becomes more important in Pakistan. | Mr 0.6%, Isac Daar, Bank, tax on bank transactions, banking, bitcoin, litecoin, dogecoin, bitcoin in pakistan, pakistan, btc in pakistan, pakistan btc, bill payments, pay bills online,

With the problems and corruption in Pakistan going uncontrolled. The govt is trying to tax each and every bank transaction. There are alot of problems with current tax laws in Pakistan of which I am not going to get into much details. But bear in mind that each and every Pakistani is taxed through Cellphone home phones, electric bills, tv bills, gas bills etc. Most of this sector which is below the poverty line doesn’t even know that they are the ones that are suppose to receive a refunds. This in return causes the richer to get richer and divert taxes while the poor get poorer. With recommendations of the new tax law if implemented every banking transaction in Pakistan will be taxed hence causing more burden to existing taxpayers and causing double taxation. While this could be avoided if our systems worked properly then this wouldn’t be a problem but the returns are hardly paid and have to go through alot of problems before you actually receive the payments. This may even propel the use of Bitcoin In Pakistan.

As mentioned before btc or bitcoin is a peer to peer system that works like utorrent and hence is equivalent to digital cash. While the leading world countries are now starting to accept this crypto currency and realize its existence (now evident by the acceptance of big players such as Paypal, Microsoft, Expedia, Namescheap, Goldman Sachs and entities such as NYSE) Pakistan still remains far behind. But with the law as proposed by Mr Isaq Daar it may cause people to look for alternate ways to transact with one another in order to avoid this hefty tax. Bitcoin/btc/xbt maybe the answer here and propel people to actually start storing money in bitcoin. It is now clear that Pakistan is a growing economy in the bitcoin era as Urdubit trade volumes have reached 3 btc avg daily. Paybill which is still very new and still building has seen an increase in mobile topups. Paybill has been designed for payment of bills in Pakistan.

I do hope that this tax is not implemented, but at the same time this does show us how important a true p2p currency is. The fact that all the funds of any person in any country can be blocked or controlled by any sort of external force at will can just call shivers. I leave the readers of this blog to comment and share your thoughts on this.

What and Why? | Bitcoin Pakistan

I figured it was time to update and give some information on what excatly is bitcoin and blockchain to my fellow country men. This is my view of what it is and why it is. Please realize that bitcoin in my opinon was created to make money truly yours. Currently all financial systems work through centralized banking, anyone living in Pakistan already know the problem with the control the banks have right now on our accounts. The idea is what I believe was in the head of satoshi that led to the creation of the first true peer to peer (similary to torrent) type currency known as btc or bitcoin. He laid the foundationg of an opensource ledger(database) for the general public where every entry was single entry and could not be removed.  But all the ledger was synced with the other users running the software on the network. This software was known as a wallet which can be considered like a bank account of sort for the comman man. While you can have many wallat addresses in a single wallet it resides in public ledger. This is also why it is important to backup the wallet.dat file of your wallet if you have the full software running. There are now online wallets and paper wallets you can also store your bitcoins on online exchanges or bitcoin trading platforms. Do remember if you lose your wallet on your pc or paper wallet for any reason its gone forever. I believe that bitcoin is still in its infancey and has a long way to go, think about how internet came about:
There was Fax–> Bullitin Board Service or BBS–> email –>internet
It took it a long time, it wasent an overnight revolution. Similarly bitcoin is very new. While it has captured a huge market it still has a long way to go. There are benifits of the blockchain and bitcoin as both are being innovated upon. Some companies are working on blockchain(ledger, or database) such as voip (p2p) coins such as korecoin and viorcoin then there rare coins such as bay, blk etc that support smart contrants and p2p markets. Then there is the ripple gateway that is trying to replace the current swift system.

Then there are services that belive in bitcoin itself and are using its financial power to change the way we bank or use money today. Think about the fact that you own one currency that works throughout the world you dont have to worry about Pakistani ruppee price fluctuating aganist the USD (this is an example) as PKR is not accepted everywhere in the world. It is a true boarderless curreny that I believe is brining people closer together. The launch of https://www.coinpip.com is one such gateway which lets companies pay their developers anywhere in the world. Its a singaporian startup that is doing alot of work in this feild. They take the bitcoin out of picture but use bitcoin in the backend. Then there are exchanges and atms and user acceptance poping up everywhere around the world, such as microsoft, dell, paypal, namescheap, overstock etc. There are physicall vendors in Pakistan too. There is a shop in Gunjarawallla, a petrol pump/ gas station in Karachi, then http://www.paybill.io where you can pay your bills for Malaysia and Pakistan and also do mobile topups, or easy loads http://www.a2zlawn.com that are accepting bitcoins for payment,  you can also check http://www.coinmap.org for a few other locations that accept bitcoins.

I have also witnessed the power of bitcoin recently and how user to user interaction increases adoption.  I was contacted by a person who wanted to buy stuff from a vendor in another country wanted to learn about bitcoin and how it could benifit him. After consultations with us he wanted to give it a go. But his vendor was also fearfull of the price fluctions and how bitcoin could be risky as he believed it cant be real. The user here after consultation convinced his vendor that he would be taking this risk so there was no worries at his end. The first transation they did took all in all 15 mins and the cash was transfered in the vendors bank account while saving the payee money as compared to if he had used a credit card or wiretransfer. When the vendor saw this his response was: “This is really very easy, will you make more payments like this?” This is what I believe money should be, a truely boarderless medium with worldwide acceptance. The bad policies of some countries have left them in poverty, this doesnt mean that that the citizen of that country should not even have control over their funds/money and acceptablity etc. If the currency is truely boaderless he doesnt have to worry about local exchangers even.

I do believe this is only the begining of the future what the future holds, can only be witnessed in time. I do believe there is a need for one global international currency even the world powers such as china, russia and UN want this. There is an interesting article that was put out back in 2009 http://www.telegraph.co.uk/finance/currency/6152204/UN-wants-new-global-currency-to-replace-dollar.html and I think bitcoin is the answer for that.

 

Bitcoin Acceptance in Pakistan Moving Forward | Bitcoin Pakistan

Its been a great week with urdubit picking up trade volume. And now a new website a2zlawn opening its door to welcome bitcoin acceptance in Pakistan for designer and Replica stores. While the awareness about bitcoin is not up to par in Pakistan, we are seeing new users come onboard.

Pakistan I believe is a land of opportunities bound and held back due to lack of knowledge. New start-ups lack funding great ideas get shot down time and again. What people dont realize is that with bitcoin the world is now open to them. And in due time it will be the currency of choice. Sites like bitlancerr , onewallet are popping up everywhere and making it easier for Pakistanis to tender their services and get paid without boundaries. At present I am also in talks with http://www.sakamaonline.com to introduce bitcoin acceptance as they are very interested.

Going forward what we must all realize is that bitcoin is here to stay and will grow in due time. What I look forward to see is that people accepting bitcoins like they accept PKR.