Breez Enables Credit Card Use When Buying Lightning-Powered Bitcoin Now

Breez, a new payment startup, has recently unveiled the latest feature of its project, which is set to allow lightning-based BTC purchases directly from its app. These purchases are only possible because of a recent partnership that the company started with MoonPay.

The services will initially be available in a total of 35 different countries and have the goal of simplifying lightning payments.

In case you do not know, the Lightning Network is a layer 2 scaling solution for the BTC network. It was launched at the beginning of 2018 and it has gone quite a long way so far in fixing these problems despite a rocky launch. The technology is still experimental, but it is starting to shape up as a great solution.

According to the CEO of Breez, Roy Sheinfeld, this may even look like a somewhat simple achievement, but nobody has done it before.

Since the start, Breez was always about being more than a simple wallet, the service was meant to be a “holistic experience”, Sheinfeld affirmed. It needs to be UX focused and to provide solutions that no one has been able to provide before in order to make its clients happy.

Before now, the users needed to buy BTC before they could enter the Lightning Network and then move the BTC from its normal wallet to an LN wallet. This new option cuts time and allows the users to enjoy a more streamlined experience.

According to Sheinfeld, users will not need to verify any information if they want to buy less than 150 EUR worth of BTC. To buy more than that, they would need to pass a Know Your Customer (KYC) verification first.

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Author: Gabriel Machado

Nym Technologies Releases New Code To Unleash Next Generation of Privacy Solutions

A privacy-focused crypto company called Nym Technologies has recently unveiled its newest piece of code. According to the company, the testnet of its decentralized identity system will be ready for its official launch in the upcoming months.

The CEO of the company, Harry Halpin, affirmed at the latest Web3 Summit, which was held in Berlin, that this technology will become a milestone for the next generation of privacy software. He’s ambitious, affirming that not only they will use it for the blockchain world but that the solution also will be used in the whole web.

Halpin affirmed that the project is open-source and that it is based on the Ethereum technology. Part of the idea is that the company wants to allow particular tokens on the ETH platform to be transformed into NYM. This, the CEO believes, would bring the privacy solutions to basically all crypto platforms.

The program was built using the programming language Go and the Coconut cryptographic scheme. According to the CEO, Coconut is currently the best privacy signature scheme in the market, which is mainly why it was chosen to be the backbone of the project.

Another part of the reason is because Coconut was created by Chainspace and several employees from there have migrated to the company.

Nym Technologies Wants To Rival Facebook

It is not an exaggeration to affirm that this is a massively ambitious project. The CEO wants his software to match Facebook Connect, the single login app developed by Facebook. He believes that the users should have their data on their hands, so facing Facebook and taking its place in the market is a must.

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Author: Lorraine Mburu