On May 23, AT&T announced that they will be accepting Bitcoin as a payment medium through Bitpay. This opened the door to massive mainstream adoption of Bitcoin, enabling people to spend their Bitcoin [BTC] for daily activities. According to The Block, Bitpay will be processing these transactions and will provide AT&T with cash for the same.
Bitcoin [BTC] proponent, Anthony Pompliano AKA Pomp, spread this news on his Twitter handle where he wrote:
“AT&T just announced that they will now accept Bitcoin for bill payments. There are only 21 million. Everyone is trying to accumulate Bitcoin”
While many users suspected this as a set up for 2020, one Twitter user, @Ragnarly was of the view that AT&T might be accumulating fiat instead of BTC. They added:
“AT&T is not trying to accumulate bitcoin. They’re accumulating fiat, using the bitcoin-hostile payment processor BitPay, who, with these profits, can continue existing as a cancer on BTC. Sorry Pomp, this is a bad take.”
Pomp was quick to ask the user about his take on Bitpay being “bitcoin hostile”, to which the user replied that Bitpay’s support of SegWit2x and “spreading lies” led to an increased network fee for BTC, while “pushing BCash [Bitcoin Cash], using BIP-70, SegWit feet dragging & more”.
The CSO of Blockstream, Samson Mow also joined the conversation supporting the Twitter user by saying:
“They’ve tried to externalize their business costs onto the #Bitcoin network 4 or 5 times by supporting hostile forks.”
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XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind
XRP TipBot’s website and the corresponding application suffered a downtime on June 23, 2019 for a few hours, during which the application wasn’t showing the balance of users. The website and the API for TipBot instead, displayed a “500 Internal Error.”
A Twitter user, @BlueNETGaming, tweeted Wietse Wind, inquiring the same. Wind confirmed that it was just an “infrastructure blip,” and that there was nothing to be worried about.
Oops! Sorry! Infrastructure blip. Really easy fix but I enjoyed an offline afternoon with my girls 😇 So I only found out after some time, when I checked my phone. Monitoring, messages, calls 😇 Social media tips went through during the downtime. Sorry! 😆
— Wietse Wind (@WietseWind) June 23, 2019
XRP TipBot is probably the first and most widely accepted use-case of XRP. It leverages the transaction settling time of XRP Ledger to make tipping easy among peers on Twitter, Reddit, and other platforms, and this was the brainchild of developer Wietse Wind.
After TipBot, a lot of other cryptocurrencies have tried to mimic this idea of facilitating tipping; an example being Bitcoin’s, Tippin.Me which leveraged Lightning Network for tipping users. Although successful, it isn’t as popular as Wind’s TipBot.
The reason behind the same is that XRP Ledger allows transaction settlement in under 5 seconds, which makes tipping fast and efficient, unlike Bitcoin’s transactions which take a few minutes for transactions to be confirmed.
This is same reason why XRP is being used as a liquidity provider for cross-border payments in Ripple’s proprietary product, xRapid.
XRP community is a tightly-knit community with people who are very bullish about XRP’s success. There are equally talented developers in the community who are developing apps that help create more use-cases for XRP.
SchlaubiDev is one such developer known for developing plugins for Gmail and Microsoft Office, plugins that allow a user to send XRP over e-mails.
Ripple has identified Wind and his team’s talent and inducted them into Xpring, which finances them to help develop more community-based apps for increasing XRP use-cases.
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