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GoByte launches mobile payment app and wallet with no transaction fees for merchants

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GoByte launches mobile payment app and wallet with no transaction fees for merchants
Source: GoByte

GoByte has released their mobile app which allows merchants to bypass charges while accepting digital currency and provides consumers with a seamless and easy-to-use shop experience.

GoByte Pay mobile is available today on the iOS app store and on google play for Android and offers free payment solution which is accessible to any business owner while remaining secure and hack-resistant. The app has an elegant design and is easy for both new and experienced users, as reported in the official project’s blog.

GoByte Pay Mobile app provides most of the functionality of the GoByte Pay gateway and online wallet. Users and consumers can move funds between their wallets, manage their assets, and view their entire payment history all from their phone.

The first version of the app has everything a user needs to send and receive payments and keep track of their transactions while remaining as easy-to-use as an ordinary mobile app and secure as a bank account. High-level security is ensured by additional anti-hack protection; TouchID and FaceID are used along with a password for better protection of assets.

The developers have also refined the existing cryptocurrency payment solutions and  included wider functionality for an ordinary trader, investor or merchant needs:

  • Synchronized access

All transactions are synchronized and available on the desktop and on mobile in real-time, so no matter where you access GoByte Pay, you are always up to date.

  • QR code payment

GoByte Pay supports instant fund transfers using QR code either at a point of sale or via smartphone and PC. For sending or receiving the payment in one swipe it’s enough to scan QR code or paste the necessary address.

  • Automatic conversion

Live conversion built into the wallet allows for instant tracking of the currency rate and shows the current balance in USD.

  • Full transaction history

In the transactions session, full details are disclosed to give a user real-time control of the expenditure and incoming resources.

  • Built-in address book

The easy-to-use address book makes it simple to keep the addresses of recipients, who are sent money frequently, in one central location to make it easy peasy to schedule and manage future transactions.

  • Push notifications

The team has enabled push notifications in the mobile app so users will be immediately updated when they receive a payment or anything happens with the GoByte app.

The easy-to-use intuitive interface creates a welcoming place for managing money on the GoByte network. With the expansion of supported currencies in the near future, GoByte users will enjoy an application with among the most beautiful UI/UX experience and its powerful capabilities.

The naming/ tagging capabilities and all the other characteristics, which make GoByte Pay among the most powerful web wallet creation providers, are now available in the mobile version, meaning users can easily categorize all their transactions for business and personal, based on their needs.

Masternode holders were excited to see that they can manage their investment in Masternodes from the web interface and they will enjoy that same capability in the mobile app. With GoByte Pay they can make sure their investment is working for them anytime and anywhere.

Additionally, the application can solve the problem of poor adoption in retail stores by creating an API to help existing terminals easily connect to POS terminals. Along with InstantSend and free transactions, GoByte is planning to issue their own cryptocurrency debit cards, ATMs and POS terminals to further fuel the cryptocurrency payments popularity.

According to Huffington Post, vending machine company, iVend was first to test GoByte Pay on their cryptocurrency payment enabled coffee machines. GoByte and iVend struck a deal to install GoByte Pay on all of iVend’s point of sale systems around the world.

“GoByte’s mission is to be the leader in making cryptocurrency payments easier for users and merchants around the world, through the GoByte Pay platform”, states Hisyam Nasir, CEO of GoByte. – “We are developing a simple, powerful and adaptable platform which includes features that small and large businesses require to accept and process cryptocurrency payments.”

According to developers, the application will be built in POS terminals, which support random switch between addresses, visual and sound indication of payments received, and what’s most important – work offline.

The GoByte team is planning to integrate Bitcoin, Litecoin, BitcoinCash, and other popular cryptocurrencies shortly to approach a wider audience.



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Altcoins

Bitcoin SV [BSV] gets hit with another reorg as multiple blocks get orphaned, including a 128 MB block

Akash Anand

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Bitcoin SV [BSV] gets hit with another reorg as multiple blocks get orphaned, including a 128 MB block
Source: Pixabay

Bitcoin SV [BSV] and its proponents have been making headlines over the past couple of weeks, either due to developments or because of comments made by its major proponents, Craig Wright, the chief scientist at nChain, and Calvin Ayre.

The network was also hit with several members of the cryptocurrency community alleging that the cryptocurrency itself is a sham without any use cases, as evidenced by its delisting on several popular cryptocurrency exchanges like Binance, Kraken and Shapeshift.

The latest news added salt to BSV’s wounds after it was revealed that the network went through another blockchain reorganization on a 128 MB block. This fact was pointed out by Nikita Zhavoronkov, the lead developer of Blockchair, who had tweeted:

“Whoops! $BSV has experienced yet another reorg, this time 6 (six!) consecutive blocks were orphaned (#578640–578645), this chain included a 128 MB block #578644 🤦‍♂️ The network was basically stuck for 1.5 hours, and this shows that even 6 confirmations are not enough.”

Orphaned blocks are valid blocks which are not part of the main chain. There are ways that they can occur naturally when two miners produce blocks at similar times or they can be a result of an attacker with enough hashing power using it for nefarious activities like reversing transactions.

A major reason why this reorg event made news was that a major 128 MB block was stuck in transaction, something that was not supposed to occur according to the initial claims made by the SV camp. Supporters of the cryptocurrency, however, have stated that despite being slower than promised, the transactions on the block settled faster than that on a Bitcoin Core block.

One supporter of BSV, mboyd1, tweeted:

“Orphaned blocks are a feature, not a bug”

To this tweet, Zyo, another cryptocurrency enthusiast replied:

“yes, but orphaning 6 blocks in a row is not good, that means that 6 confirmations is not safe. It’s a bug because the 100+ MB take way too long to propagate and validate. There is a reason why BCH doesn’t have [yet] 100+ MB blocks.”

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