Kostenlos Bitcoins erhalten

Kostenlos Bitcoins erhalten !

Hier bekommst Du Bitcoins ohne Investition

 

Bei diesem Programm handelt es sich um eine Slotmaschine,
bei der man Bitcoins gewinnen kann

 

  • Keine Investition nötig
  • für die Anmeldung gibt es 50 Spins
  • alle 3 Stunden gibt es 3 – 5 Spins dazu
  • pro Seitenbesucher gibt es 10 Spins
  • pro Anmeldung 20 Spins
  • Du kannst auch Spins minen

 

Zur Anmeldung mußt Du einfach die Bitcoinadresse eintragen und nun kannst Du die 50 Spins erhalten und schon benutzen und Dich  auf den einen oder anderen Gewinn freuen.

 

 

Bitclub Network besitzt einen der größten Bitcoin Mining Pools der Welt

Denk an die Zukunft…

Bitclub Network besitzt einen der größten Bitcoin Mining Pools der Welt und produziert / unterstützt neben Bitcoin auch Ethereum, Ethereum Classic, Monero und ZCash. Zudem besitzt dieser auch seine eigene Kryptowährung: ClubCoin.
Der Bitclub hat das Ziel ein Globalplayer der Kryptowährungen zu
werden, so wie Google es für das Internet heute ist. Und DU kannst ein
Teil davon werden!

Mining Pools sind Geld-Druck-Maschinen!

  • Einmaliger Mitglieds-Beitrag: $99
  •     Bitcoin Mining Pool Anteile ab $500
  •     GPU Mining Pool Anteile ab $1000
  •     Täglicher Bitcoin/GPU Ertrag 0,15% – 0,4%
  •     Anmeldung ist vollkommen kostenlos!

Vor 30 Jahren, kannten nur sehr wenige die Technologie Internet, heute ist ein Leben ohne kaum vorstellbar.Vor 25 Jahren hatte jeder Autofahrer dicke und große Landkarten im Auto, um die Route zu verfolgen. Heute nutzen wir Navigationssysteme.

1973 wurde das erste Handy auf dem Markt vorgestellt, heute nutzen wir Smartphones.

Vor 30 Jahren schrieben wir Briefe um Nachrichten zu schicken. Dies dauerte oftmals mehrere Tage. Heute senden wir E-Mails und nutzen Chatprogramme inkl. Videochats.

Viele Menschen weltweit haben keinen Zugang zu einer
Bankkonto. Nun haben Sie die Chance, Ihre eigene Bank zu sein. Wir
können alle unsere eigene Bank sein!

Früher zahlten wir mit Gold und Silber, aktuell mit Papier und
Plastik. Was wird wohl in den nächsten 30 Jahren mit Bitcoin und anderen
Kryptowährungen passieren? Erkennst du die Chance?

Für die meisten Menschen ist das Mining von Bitcoin und co
etwas mysteriöses, weil es gerne auch als eine digitale
Geld-Druckmaschine bezeichnet wird. Die speziell dafür entwickelte
High-End-Computerhardware, so genannte „Miner“, steckt man vereinfacht
ausgedrückt einfach in die Steckdose und verbindet sie per Datenkabel
mit dem Mining-Netzwerk.Da Bitcoin eine dezentrale Währung ist, gibt es keine Banken oder
Zentralbanken, die Transaktionen verifizieren. Dies erledigen unsere
Hochleistungscomputer, indem Sie Transaktionen zu Blöcken bündeln (daher
auch der Name Blockchain (BLOCK-Kette)) und diese dann in die
Bitcoin-Datenbank eintragen und mit allen Rechnern weltweit, die am
Netzwerk angeschlossen sind, synchronisieren.
Da diese Arbeit sehr viel Strom und Energie kostet, werden alle
Miner, die am Netzwerk angeschlossen sind mit neuen Bitcoins belohnt,
die durch das Netzwerk automatisch ausgeschüttet werden. Jedoch kann
diese Anzahl der neuen Bitcoins nicht verändert werden, da diese fest
vorgeschrieben sind.

BitClub Network produziert nicht nur Bitcoins

Eine weitere Besonderheit des BitClub ist, dass neben dem Mining von
Bitcoin auch alternative Kryptowährungen generiert / unterstützt werden:

ETHER (ETH) – ZCASH (ZEC) – MONERO (XMR) – ETHEREUM CLASSIC (ETC)
Alle Kryptowährungen können jederzeit in die gewünschte Landeswährung
umgetauscht oder mittels Prepaid Kreditkarte, als Zahlungsmittel
genutzt werden.

Salopp formuliert wird durch den Einsatz von
Hochleistungs-Computer-Hardware, digitales Geld produziert, das weltweit
als Zahlungsmittel genutzt werden kann. Der BitClub gehört zu den
profitabelsten Bitcoin Mining Pools überhaupt und ermöglicht es, schon
ab lediglich 599 US-Dollar (inklusive einmaligem Mitglieds-Beitrag), an
den Mining Erträgen aller Mitglieder zu partizipieren.
Das ist weltweit nahezu einzigartig, denn bei den meisten anderen
Mining-Pools musst du deine Hochleistungsrechner zu Hause laufen lassen
und dich dem jeweiligen Mining-Pool anschließen.

Bitcoins zu Hause minen … sehr unprofitabel

Der Eine oder Andere wird sich, an dieser Stelle, vielleicht fragen,
ob es nicht wirklich Sinn macht, Bitcoin-Mining-Hardware zu kaufen, zu
Hause anzuschließen und eigenständig Bitcoins zu schürfen. Anders herum
gefragt: Warum sollte man sich eigentlich einem Mining Pool anschließen?
Wenn man, als Einzelner, Bitcoin Mining betreibt, so muss man wissen,
dass die Hardware Tag und Nacht, durchgehend, laufen muss, um überhaupt
eine Chance zu haben, einen Block zu treffen und Bitcoins zu erhalten.
Die hohe Rechenleistung der Hardware, sowie die erforderliche Kühlung,
verursachen hohe Stromkosten. Die Wirtschaftlichkeit, sprich die
Aufrechnung von Kosten und Nutzen, ist in der Regel ungenügend.
Hinzu kommen die, nicht unerheblichen, Anschaffungskosten für die
Mining-Hardware selbst. Darüber hinaus ist man völlig auf sich alleine
gestellt, das heißt man versucht eigenständig einen 6-er im Lotto zu
treffen, statt sich einer effektiveren Tipp-Gemeinschaft anzuschließen.
Hält man sich diesen sinnbildlichen Vergleich weiter vor Augen, so
kommt man schnell zu dem Resultat, dass es weit sinnvoller und
effektiver ist, sich mit tausenden Minern zusammenzuschließen
(Pool-Bildung), somit die Chancen erheblich zu erhöhen und immer am
Ertrag beteiligt zu sein. Das ist vergleichbar mit dem Musketier-Motto:
„Einer für Alle, Alle für Einen“.

BitClub Network gehört schon seit 2014 zu den offiziell
größten Bitcoin-Mining-Pools weltweit und verfügt über rießige Mining
Pool Anlagen (auch Mining Farm genannt), vor allem in Island.

Durch die rapiden ansteigenden Mitgliederzahlen, konnte der BitClub
die Rechenleistung des Bitcoin Mining Pools innerhalb 1,5 Jahre, von 11PH (Peta-Hash) auf 300 PH
ausbauen (Stand August 2017). Durch das stetige Wachstum des BitClubs,
wird die Mining Farm kontinuierlich mit der neuesten Hardware
aufgerüstet. Aktuelle Hashrate des Bitcoin-Mining-Pools 
Von unabhängigen Seiten bestätigt gehört der BitClub zu den größten Mining-Pools der Welt. Siehe hier. Diese Statistiken lassen sich nicht fälschen, da die Statistik darauf beruht, wie viel Blöcke pro Tag gefunden wurden. Um Blöcke zu finden bedarf es diese massive Computerpower!

BitClub Network erzeugt im Durchschnitt zwischen 1% und 5% der täglich, weltweit, geminten Blöcke. Das bedeutet das pro gefundenem Block aktuell 12,5 BTC vom Netzwerk an Bitclub Network gesendet werden. Wallet-Adresse BitClub Network

 

BitClub Network (auch kurz BCN genannt) gehört wie schon erwähnt zu den weltweit größten Bitcoin Mining Pool Anlagen.
Wie es der Name schon sagt, handelt es sich bei BCN um einen CLUB, also
quasi einen Verein. Der große Vorteil eines solchen Clubs ist, dass
alle Gewinne und Erträge, die aus der gemeinschaftlichen „Tätigkeit“ und
dem Mining entstehen, auf alle Mitglieder, zu gleichen Anteilen,
aufgeteilt werden.
Während in vielen Unternehmen große Summen für Managergehälter
gezahlt werden, und Arbeiter „klein“ gehalten werden, profitiert jedes
Bitclub Network Mitglied gleichermaßen und ist gleichzeitig aktiv am
stetigen Wachstum des Clubs, sowie der Bitcoin Mining Pool Anlagen
beteiligt.
Bitclub Network verfügt obendrein über eine eigene Kryptowährung, den
so genannten ClubCoin, der bereits seit Anfang 2016 an „Krypto-Börsen“
gehandelt wird und eine enorme Wertsteigerung verzeichnet.
Alle bestehenden Mitglieder von BCN sind durch den Erwerb von Mining
Pools, automatisch auch am Unternehmen COINPAY beteiligt, welches in
Kürze als neue und innovative Bezahl-Plattform, für die Kryptowährungen
Bitcoin und ClubCoin, den Markt erobern wird.Die Vorteile des BCN können nur aktive Mitglieder nutzen. Eine aktive
Mitgliedschaft kostet einmalig 99 US-Dollar. Diese, relaltiv geringe,
Mitglieds-Gebühr dient, in erster Linie, dazu, das Technik-Personal für
die Wartung (Betreuung) und stetige Aufrüstung der Bitcoin-Mining-Farm
zu bezahlen.
Gleichzeitig müssen auch Supporter und Programmierer, welche u. a.
das persönliche Backoffice aller Mitglieder, sowie die Online-Plattform
selbst, verwalten und aktuell halten, entlohnt werden. Im persönlichen
Backoffice hat man, übrigens, jederzeit den Überblick über die Erträge
seiner eigenen Bitcoin Mining Pool Anteile sowie über Provisionen und
weitere, umfangreiche, interne Informationen was BCN betrifft.

 

Wie hoch ist die Rendite?
Diese Frage ist sehr schwer zu beantworten, da sehr viele Faktoren eine
Rolle spielen. Keiner kann vorhersagen, wie viel Blöcke pro Tag gefunden
werden. Somit schwankt die tägliche Ausschüttung an Bitcoins natürlich
auch, da der BitClub nur das an die Mitglieder heraus gibt, das
tatsächlich generiert wurde. Darum wird niemals eine bestimmte Rendite
versprochen.Nur Bitcoins kaufen auch eine Möglichkeit?
Man kann Bitcoins auch einfach nur kaufen und liegen lassen und warten
das der Wert steigt. In dieser Zeit vermehren sich die Bitcoins auf dem
Wallet aber nicht.
Beispiel:
Nehmen wir mal an Sie kaufen aktuell 1 BTC (4000$) und kaufen für 3500$
(0,84 BTC) Mining Pool Anteile. Dann haben Sie womöglich nach 1000 Tagen
3 BTC oder mehr. Somit hätten Sie passiv ohne Arbeit 12.000$ verdient.
Experten sehen den Bitcoin aber bei 10.000$ und höher …
KEINE GARANTIE!

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Ein früherer Goldman-Sachs-Manager sagt:
Jetzt auf Bitcoin zu wetten ist wie in den 90ern auf das Internet setzen

+++++++++++++++++++++++++++++++++++++++
Mining ist DIE Möglichkeit des 21.Jahrhunderts,
um
an einem dezentralen Kapitalsystem zu partizipieren, welches in den
letzten 12 Monaten eine atemberaubende Performance hingelegt hat.
Wie auch Du davon profitieren kannst, erfährst du hier
https://markethive.com/magistral/page/bitclubnetwork

 

Join the extensive investment portfolio

EXTENSIVE INVESTMENT PORTFOLIO

With Numerous investment portfolio you have the opportunity to earn up to 312% per year. For every type of investor something. Everything is possible from a small investment from 90 euros to large investment of 500,000 euros.

UNIQUE PARTNER PROGRAM

The really brilliant Affiliate Program of Questra rewards investors who additionally recommend the project. According to this, there is another interesting possibility of creating Passive income.

EXTENSIVE CAREER SYSTEM

In addition to the partner program, you can also climb the career ladder. Beside receiving your commission you can generate bonus payments by achieving a certain level and later on you are even entitled to get your own manager and much more.

VERSATILE PAYMENT OPTIONS

Questra Holdings works with many payment processors. Available for deposits and withdrawals are Perfect Money, OKPAY, Bitcoin and bank transfers.

INFORMATIONS

to Questra Holdings and related earning opportunities with Atlantic Global Asset Management and Questra World.

Questra Holdings is a really extensive network, which is involved by his own admission in various investment activities.

This includes:
Auction and real estate trade
Purchase and sale of securities on the stock market (IPO)
Support of companies that like to go on the stock market

The launch of the online presence took place on 11th of April 2013. However Questra is emerged from an experienced team that has been around since the 04th of May 2009.
Questra Holdings earns his living, as already mentioned, in the financial sector. There are about 25 managers employed, which achieve gains or losses by tradings. The goal is of course to make profits.
This is usually accomplished and the managers generate an average of about 7% return per week. Depending on the selected investment package, fee will be charged.

With various investement portfolios you have the option to generate up to 312% per year and you can also generate additional passive income with the partner program.

Investment packages

There are 6 interesting investment packages for smaller investors from 90 to 21.570 euros. The investment period of these packages is 365 days. There is a weekly payout of income which depends on the results of the managers.
If the result of the managers should be negative, the investment packages are safeguarded via insurance fund, but this hasn’t happened before.
Once you have three identical investment packages, you can upgrade them to the next higher ones.

Join Questra here:  https://atlanticgam.es/partner=P09201493430171

Rely on experience with Questra!

Questra Holding

Rely on experience with Questra!

Questra Holdings was established on 4 May 2009
** Since 2009 successfully in the financial business
** More than 1100 transactions in the last 7 years
** The working capital amounts to EUR 314 million
** 88% of all transactions carried out are profitable
** Active in 28 European countries
** 231 million profit for the investors in 2015
** 158 employees
** 54 Euro million insurance fund of the Company
** Unique earnings and career system
** Interest-free loans for housing or car purchase

Join Questra here:  https://atlanticgam.es/partner=P09201493430171

Billionaire Investor Paul Tudor Jones Says Stock Market Valuation Is Terrifying And He Is Right

dollarvigilante72 
We live in a unique time. Never before have the markets gone to such extremes in almost every way imaginable.

Not just the markets either. Nearly everything.

US government debt is just getting ridiculous now. There are really no more words to say how out-of-control and unsustainable it is.

It’s almost as though they are attempting to bankrupt the US on purpose… which is one of our main theories.

And, we’ve seen countless big names in the financial world come out warning of an impending collapse in the last year. Bankster kingpin, Jacob Rothschild, even warned we are in “unchartered waters” on August 21st of last year.

The latest to warn is Paul Tudor Jones, the billionaire hedge fund manager who recently came out with a “controversial” bearish statement regarding the future of US markets.

At a closed-door Goldman Sachs conference last week, he said, “That measure – the value of the S&P relative to the size of the economy – should be “terrifying” to a central banker.”

In addition to that measure, here is a look at the Wilshire 5000, a market-capitalization-weighted index of the market value of all stocks actively traded in the US, versus US GDP.

As you can see, the value of stocks in the US is higher now than at any time in history versus GDP. It is far higher than it was in 2008 and even higher than the tech bubble where companies like Pets.com were valued in the hundreds of millions just for having an internet domain name.

And, now with the Dow Jones back near 21,000 and the Nasdaq over 6,000 AND the Federal Reserve still with interest rates at only 1%, it is setup for absolute disaster.

The Dollar Vigilante’s Senior Analyst, Ed Bugos, agrees with Tudor and has also pointed out how the past 16 years of low interest rates have bloated stock valuations to a level not seen since 2000.

As Ed mentioned in our April 13th Issue to subscribers, “The financial markets have become accustomed to low interest rates as has the government when it comes to managing its finances. The boom in profit growth to the extent there is any growth at all in the past few years is also driven by the related expansion in money. So absolutely the whole boom is vulnerable to a recession due to this freeze in credit growth.”

You may have noticed that we haven’t been talking about the upcoming crash for the last few months. That’s because, in December of last year, Ed Bugos told subscribers to abandon all shorts as the market was going higher.

He was right, yet again, on that one. That’s how he made subscribers a 99% gain in 2016!

But, just in the last few days, Bugos has gone bearish again with a far-out-of-the-money put option on the S&P that has very little risk and massive potential reward. It was the same type of option that we issued in the summer of 2015 that gained 4,500% in just three days during the Shemitah crash of 2015.

You can get access to all of Ed’s analysis and recommendations by signing up to TDV Premium here.

One of the other extremes currently happening is “confidence” in the stock market. According to Yale University’s Stock Market Confidence Index over 90% of investors believe that the stock market will rise in the next 12 months.

Yes, more than 90% of both institutional and individual investors actually believe the US stock market will go higher in the next year.

That is a stunning, and as Tudor says, frightening number.

Most individual investors went to government indoctrination camps for 12 years, drank fluoridated water and have watched mainstream media Fake News propaganda their whole lives, so these are not the kind of people you want to be running in the same direction with!

And, even worse, most institutional investors, while they went to private schools, they were still taught mostly useless and wrong information and then went for another 4 or 8 years of further indoctrination in colleges where they mostly learned absolutely useless Keynesian economics.

The fact that both are maniacally bullish at this time is probably a good sign that you should turn the other direction!

Follow that old saying your grandma used to tell you, “Don’t do what fluoridated, brainwashed, government educated, communist economics trained statists do.”

Visit the Kairos webiste https://cabinet.kairosplanet.com/register/#111b0e

Ways on How Branding Agencies Can Boost The Image of Your Business

Building your brand’s reputation is crucial in today’s world, and branding agencies in Minneapolis know exactly how to do so. A branding agency knows that your brand represents your promise to your customer. It sets you apart from other brands, and it speaks to who you are as well as whom people perceive you to be. In short, your brand lets people know what they can expect from you and your services and products.

A logo for your brand is important, but that’s only the beginning of the journey that your brand should be on.

Giving Your Brand Definition

You aren’t going to be able to start getting your brand out there, in front of your potential customers, before you’ve defined it. Sounds simple enough, but there’s more involved than you might think. People aren’t mind-readers, and you need to let them know what you’re all about clearly.

A good branding agency can help you put a clearer and more unified picture out there so that your target audience will know what you exactly offer. They do so by researching the desires and needs of your customers. There is no sheer guesswork involved; a good branding team digs deep so you know exactly what your target audience is thinking, not what it looks like they are thinking.

All of that legwork will give you the information you need to reach the right customer. Once you know enough about the people you’re speaking to, you’ll know the most optimal way to let them know your company’s mission, the qualities that associate with your business, and why your products or services stand apart from others who might offer something similar.

Having a Social Presence Is a Must

Any branding agency worth salt knows that your company or business needs an engaging social media presence. A strong visible social presence allows your brand to demonstrate its expertise and can help your audience feel more connected to you. This, in turn, humanizes your brand and inspires people to engage with you, leading to plenty of conversion opportunities.

Being present on social media also allows you to answer questions that your customers might have, promptly. Some customers, especially those in the millennial generation, almost expect a company to have a social presence. Many prefer asking questions on a social media network rather than by email.

Branding your company or business for success might feel overwhelming. The good news is, you don’t have to do it alone. A trusted Minneapolis branding agency can ease your workload and help take your brand to the next level.

Branding & Social Media branding
 Edwin Meehan Edwin Meehan
Owner / Market Research Consultant • EVM Digital

Visit the Kairos webiste https://cabinet.kairosplanet.com/register/#111b0e

The Problem with Network Marketing and Multi-Level Marketing (MLM)

By Scott Allen
It never ceases to amaze me the extreme polar views on the topic of network marketing and MLM. Some people are passionate about it in the extreme, and there are even top celebrity authors like Robert Allen, Mark Victor Hansen, and Robert Kiyosaki doing it and advocating it. Yet, in many circles, you might as well declare yourself a leper as admit to being in network marketing.

So, what is the problem with MLM and network marketing?
Maybe it's the pyramid structure?

But you can't really take issue with the tiered compensation structure. Almost every large sales organization in the world has that. Salespeople get commission and sales managers get overrides or bonuses on top of that, and sales directors on top of that, and VPs on top of that.

Or maybe it's the fact that you have to pay to participate in it? But that can't be it. That's a standard franchising model. And I assure you, the franchise fee of most traditional franchises dwarf the sign-up cost of any MLM program by comparison.

Now certainly, there are illegal pyramid, or "Ponzi", schemes. This is where the money is all being made off of signing up other people, with little or no real product ever being delivered. But in spite of whatever perceptions people may have, the fact is that Amway, Excel, Melaleuca, PrePaid Legal, USANA, and many others have sold millions upon millions of dollars of products to happy customers, many of whom are NOT also reps.

So, there may be a perception problem here, but if so, the perception is out of line with the reality.

But surely the bad reputation MLM'ers has some more basis in fact than the occasional illegal pyramid scheme?
The real problem with MLM is not MLM itself, but some of the people it attracts. Network marketing is just a business model, and it really amounts to "micro-franchising".

Its upside is that it has a very low cost of entry, with the potential for exceptional revenue, and there are those who achieve that.

But those same things that make it attractive make it attractive to many who are NOT really qualified or prepared to become business owners. The salient characteristics of MLM make it attractive to people who:

have not done well in their business or profession and have little money saved up to invest
have no previous experience owning or running a business
have no previous experience in sales
have little or no experience developing business relationships other than that of employer/employee/co-worker
are not satisfied with their current level of income
have unrealistic expectations of the amount of work involved compared to the revenue realized
Don't get me wrong—I'm not saying that there's anything wrong with any of these things, or that this describes even a majority of network marketers—only that it describes a disproportionate number of network marketers, and that many of them never do anything about it.

As a result, many network marketers end up:

over-selling the opportunity
inappropriately discussing business in social situations
coming across as desperate

over-focused on new recruits and neglecting existing customers as a result
being either inaccurate or deceptive when talking about their business
Again, I'm certainly not saying that this describes a majority of network marketers, but it does describe enough of them to tarnish the reputation of the rest. To pre-judge someone based on the basis of a small minority of people in that group is horribly unfair, but we must realize that most prejudices have some basis in reality, even if it has been distorted.

So What's the Solution?
There's a first time for everything. And network marketing/MLM is a great opportunity for people to have their first business, their first sales role, etc. My point is this—recognize it for what it is: it's a business, and you are a business owner. And if you've never owned a business before, if you've never done sales before, if you've never networked before, you need to learn about how to do so, not just from the network marketing/MLM experts, but from established experts in those fields.

Network marketers who are serious about building a business should be reading and learning about business fundamentals, the latest sales and marketing techniques, strategies for networking and business development, etc., not just swapping tips at your team's weekly or monthly meeting. Act like a small business owner, and people will treat you like one.

Visit the Kairos webiste https://cabinet.kairosplanet.com/register/#111b0e

Blockchain Innovation Means Greater Financial Inclusion in the Middle East

Blockchain Innovation Means Greater Financial Inclusion in the Middle East

  

Financial inclusion,

something as simple as possessing a basic chequing account is significantly lacking in the Middle East, especially when compared on a global scale. Digital innovation, coupled with high mobile penetration rates, especially those aged 25 and under, can, however, open the door to reshaping the fate of the region’s estimated 85 million unbanked adults. According to the 2014 World Bank Global Findex Database, a report that measures global financial inclusion, account penetration in the Middle East, that is, individuals without access to even the most basic financial services sat at just 14 percent.

Last month, Dr. Nasser Saidi, a leading economist for the Middle East and North Africa region who served as the Minister of Economy and Industry and as the Vice Governor for the Lebanese central banks, reiterated the 14 percent figure in an interview. Saidi added, however, that the situation is even more dismal for women.He claimed that only 9 percent of women in the Middle East region owned an account. This is a stunning figure, especially when placed alongside the global average which sits at around 50 percent, according to World Bank data.

Furthermore, account ownership is at near-universal levels in high-income Organisation for Economic Co-operation and Development (OECD) economies, with 94 percent of adults from OECD nations having reported owning an account. Financial inclusion is critical for employment creation, for raising income levels and to consequently reduce poverty. To achieve inclusive economic growth, of course, requires the easing of barriers to accessing the broader financial system. The key to easing the barrier to financial access in today’s online environment is digital innovation, more specifically, advancement in financial technology and mobile banking.

The United Arab Emirates, one of the richest Gulf nations, has an internal battle amongst its top two cities. “There is a rivalry between Abu Dhabi and Dubai to become the fintech hub in UAE,” said Omar Soudodi, managing director of Dubai-based payments processor PayFort, as reported by Kadhim Shubber of the Financial Times, in December. Companies in the financial technology sector, including within the rapidly emerging space of blockchain technology, see the critical opportunity that exists for banking innovation. “More and more of the Arab millennials are getting into the banked world before they even graduate,” said Soudodi. “Before the trend was, ‘I graduate, I get a job, I get my first paycheck and think, oh my God, I need a bank account’.” There is potential to capitalise on the shifting demographic trends.

Changing Demographics

The UAE was cited by Google amongst the highest in smartphone penetration rates per capita as of September 2015. The UAE was in fact listed among global leaders with an overall smartphone penetration rate of around 75 percent. The mobile phone user base in the Middle East and North Africa region was second only to that in Asia-Pacific. “Just over 606 million people in the Middle East and Africa [region] have at least one mobile phone this year, and the total will pass 789 million in 2019,” reported eMarketer, an independent market research firm, in tandem with Starcom Mediavest Group as part of their 2016 Global Media Intelligence report.

The UAE has retained its regional standing as the highest per capita country for mobile phone penetration with an estimated 80.6 percent of the population reported to possess a mobile device. Further, this number is projected to inch up to 82.8 percent by 2019, as per the Global Media Intelligence report. From a usage perspective, the trend is similarly moving toward complete saturation. In 2012, only 54 percent of UAE users under the age of 25 went online using a smartphone at least as often as on a computer. This rocketed to 90 percent by 2015.

Fast-forward to data obtained in January 2017 and the trend upward continues, with the Internet and mobile use remaining high in the Middle East, according to We Are Social’s and Hootsuite’s Digital in 2017 Global Overview. Of an estimated total regional population of 246 million there are 147 million Internet users in the Middle East — a 60 percent penetration rate. Furthermore, there are 312 million mobile subscriptions, which amounts to a 127 percent rate against the overall population.

“You have a very young population, using modern technologies. Yet, the financial and banking side is lagging. Fintech therefore, can play a very important role in financial access and inclusion,” said Saidi. Top digital users are of course the youth segment, according to economist Saidi, who added, 60 percent of the population in the Middle East are aged under 30, which highlights the ripe opportunity to mobilise the current and upcoming generations.

Blockchain-Based Innovation

“The Arabian world is ripe for innovation,” said Mohammed Alsehli, chief executive officer at ArabianChain Technology, a Dubai-based software developer. “Blockchain technology is at the center of innovation in the region that is made possible by the direction and the vision of some of the countries here. In Saudi Arabia and the UAE it’s all about the digital revolution and how to digitally transform these countries in the future.” ArabianChain Technology, based in the Dubai Technology Entrepreneurship Center, recently launched its own public blockchain.

In addition to the blockchain, ArabianChain is developing a suite of blockchain-based features and products, including its own digital currency called DubaiCoin-DBIX (previously, DubaiCoin-DBIC), an exchange, and a regionally-focused marketplace. “DBIX is a secure and economical means to conduct payments and asset transfers,” Alsehli said. But ArabianChain is just a single player amidst a growing base of fintech ventures, blockchain-based and otherwise. Last September, the Dubai Future Foundation launched its inaugural Dubai Future Accelerators, a 12-week program connected international technology startups with government entities for the purpose of creating prototypes and pilots for the City of Dubai.

According to Bitcoin Magazine reporter Diana Ngo, The program “enlisted 30 companies with seven of Dubai’s public services: Health, Energy, Knowledge, Municipality, Police, Transport and the investment portfolio, Dubai Holding.” In fact, the United Arab Emirates is moving to adopt sweepingly adopt blockchain technology with aims “to become, by 2020, a leading centre for innovation and the first government in the world to execute all of its transactions on a blockchain.”

The power of this, from a financial inclusion and digital innovation standpoint, will be unmitigated access for a population that lives online, connected via a computer or mobile phone, with the latter’s penetration rate at a nearly universal level. Further, integration and adoption of a regionally-focused, feature-filled public blockchain has the capacity to heighten interaction and connectivity from business-to-business,  business-to-consumer, and peer-to-peer positions.

Daniel Diemers, a consultant with the strategy and consulting arm of PricewaterhouseCoopers, pointed to another reality in the region, that of disconnection, stating, “If you’re a payments fintech start-up in the UAE and you’ve gone through all the approvals, it [still] doesn’t give you passports in other Gulf countries.” ArabianChain and other public blockchains like Bitcoin have the potential to alter this dissociative relationship, allowing businesses and people to interact without thought of border, according to Alsehli.

Mobile banking and the advancement and adoption of financial technology applications can also shatter the often insurmountable barrier physical access predicates while alleviating costs to the account owner and the banking institution. In short, Blockchain-based innovation could mean significant progress by way of financial inclusion through digital. This guest article is authored by Brandon Kostinuk, communications lead at Vanbex Group, a Vancouver, Canada-based professional services firm and consultancy that specialises in the digital currency and blockchain technology sector.

Chuck Reynolds
Contributor

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Nevada Senators Unanimously Advance Blockchain Tax Ban

Nevada Senators Unanimously Advance Blockchain Tax Ban

   Senators in the state of Nevada

have unanimously backed a proposal that would block local authorities from instituting taxes or fees on blockchain use. According to public records, after just over a month of deliberation, the Senate advanced the measure following a 21-0 vote, with zero abstentions. As CoinDesk reported last month, it’s the first measure of its kind that would prevent local officials from charging money to use a distributed ledger or a smart contract tied to one. Sen. Ben Kieckhefer initially submitted the measure on 20th March.

The bill stipulates:

"A local governmental entity shall not: (a) Impose any tax or fee on the use of a blockchain or smart contract by any person or entity; (b) Require any person or entity to obtain from the local governmental entity any certificate, license or permit to use a blockchain or smart contract; or (c) Impose any other requirement relating to the use of a blockchain or smart contract by any person or entity."

Other elements of the bill would clear the way for smart contracts and blockchain signatures to become acceptable records under state law, similar to a measure that was signed into law last month in neighbouring Arizona. The bill now moves to the Assembly – the lower chamber of Nevada’s bicameral legislature – for further consideration.

Chuck Reynolds
Contributor

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Dubai And The Globalization Of Blockchain Technology – And FinTech

Dubai And The Globalization Of Blockchain Technology – And FinTech

Summary

Information technology continues to spread throughout the world, even as populist governments and politicians argue that nations just need to focus on their own country. Dubai has very aggressive plans to have 100 percent of applicable government services and transactions on blockchain by 2020 and bring along the private sector to work within the system. Dubai plans to be a hub of world trade and knows that information systems must be integral to such globalization setting a standard for others to follow.

 

Recently, I posted an article relating to a conference on Financial Technology (FinTech) held at MIT. In that post, I discussed the advancement of technology in the United States financial system and reported on how far behind many experts believe the American financial system is in introducing technology to the US economic system. An interesting thread running through many of the sessions at the conference was the mention of Dubai as a leader in the advancement of blockchain technology.

Blockchain technology uses a digital ledger system to efficiently share and track information related to contracts and transactions. The records of the system are permanent, verifiable, and secure. The Blockchain Technology is the technology used to support the digital currency bitcoin. It was surprising to me to see an article by Nikhil Lohade in the Wall Street Journal on the efforts being made to turn Dubai into a blockchain center.

Mr. Lohade quotes the group chief information officer at Emirates NBD, Dubai's largest bank, Ali Saywani:

"The aim is to replace paper-based contracts with smart contracts that will help reduce complex documentation for the tracking, shipping and movement of goods."

"We have a very clear objective to make Dubai the capital of the blockchain industry," says Aisha Bin Bishr, director general of Smart Dubai, a government office tasked with facilitating innovation in the emirate. "By 2020, we'll have 100 percent of applicable government services and transactions happen on blockchain."

Chuck Reynolds
Contributor

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