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jennyl • Apr 3, 2024, 2:45 pm EDT

Byte Federal Launches Point of Sale System for Merchants seeking to accept Bitcoin

Byte Federal, a leading company in the global financial technologies space, is proud to announce the official launch of its point of sale (POS) system, ByteConnect. This product launch marks a significant expansion of Byte Federal’s “fintech focused” services, showcasing a commitment to building a full suite of financial tools for economic freedom. Lennart Lopin, Byte Federal co-founder and CTO, expressed the vision behind the innovation: “Sound money is essential for creators and inventors, driving societal progress. We’re excited to introduce Bitcoin to the world, a significant innovation that fosters freedom and encourages creativity among global communities.” Lennart Lopin After a

2 minutes

carlp • Feb 19, 2024, 4:38 pm EST

Florida Continues to Lead the Way in Legislative Cooperation

Florida’s Legislative Strides in Blockchain and Bitcoin: Pioneering a Crypto-Friendly Future Florida’s recent legislative session, heavily influenced by the efforts of the Florida Blockchain Business Association (FBBA) and key industry players including our own Byte Federal, Inc., has seen significant developments and wins for the bitcoin and blockchain ecosystem. These legislative moves position Florida as a frontrunner in the digital currency space, aligning with a global ecosystem that is increasingly embracing blockchain technology. Overview of Key Blockchain and Bitcoin Legislation The session’s highlight is the array of bills that reflect a keen interest in integrating blockchain technology and bitcoin into

3 minutes

carlp • Jan 30, 2024, 4:09 pm EST

Big Tech Teams Up with Wall Street: Reverses Bitcoin Advertising Ban

Google’s recent update to its advertising guidelines, allowing Bitcoin Exchange-Traded Funds (ETFs) to market their products, marks a significant change in the company’s approach to cryptocurrency. However, this shift appears less about championing the broader bitcoin and crypto industries and more about aligning with the interests of major financial players. “It’s frustrating to have spent years being locked out of such a massive piece of the advertising game and now, just like that, ‘crypto trusts’ can advertise freely. The influence of lobbyists is remarkable.” Laurie Argall, Byte Federal, CMO For those of us in the Bitcoin ATM business, Google’s decision

2 minutes

Noel Hernandez • Jan 17, 2024, 2:53 pm EST

Venezuela’s Petro Cryptocurrency: A Failed Experiment

The Venezuelan government’s ambitious project, the petro cryptocurrency, has ended abruptly. The petro, once heralded as a groundbreaking solution to circumvent US financial sanctions, has failed in its mission and fallen victim to a major corruption scandal. With great expectations, the petro was launched in 2018, touted as a digital currency backed by Venezuela’s abundant oil reserves. However, the initiative was suspended on January 15, signaling the end of a controversial chapter in Venezuela’s economic history. This decision has had little impact on citizens like Isabela, whose elderly parents received meager petro pensions. The impracticality of the currency, which had to be

2 minutes

Kenneth Shortrede • Jan 15, 2024, 5:35 pm EST

Argentina’s Journey into Financial Innovation: Embracing Bitcoin and Economic Freedom

Argentina has recently made a significant advancement in financial modernization with the establishment of its first Bitcoin rent contract. In the first move of its kind, a rental agreement in the city of Rosario was established to be paid in Bitcoin every month, for the equivalent of 100 USD at the time of each transaction. This groundbreaking initiative follows President Javier Milei’s recent policy, which permits contractual agreements in any chosen currency or commodity, whether traditional options like dollars or more unconventional ones like Bitcoin, other cryptocurrencies, oil, or even milk gallons – symbolizing absolute freedom for the individuals. Under

3 minutes

johnd • Jan 11, 2024, 6:01 pm EST

Spot Bitcoin ETFs to Trade on US Markets: What Happens Now?

The U.S. Securities and Exchange Commission (SEC) has recently approved the listing of spot Bitcoin Exchange-Traded Funds (ETFs) What can we expect moving forward?

3 minutes

satoshin • Dec 19, 2023, 3:48 pm EST

The ETF Paradigm Shift: Grayscale’s Vision

In a recent interview on CNBC, Michael Sonnenshein, the CEO of Grayscale Investments, discussed the potential introduction of a spot Bitcoin Exchange-Traded Fund (ETF) in the United States, which has been a highly anticipated development in the cryptocurrency investment space. Unlike its more speculative counterparts, a spot Bitcoin ETF would be backed directly by the cryptocurrency, offering a more tangible and secure investment option. Sonnenshein projected that the approval of a regulated Bitcoin ETF could unlock approximately “$30 trillion worth of advised wealth,” signaling a significant opportunity for institutional investors and financial advisors. The approval of such an ETF could represent a significant shift in how Bitcoin is perceived by the financial industry, transitioning from a high-risk, speculative asset to a legitimate investment option. While the discussions around approving a spot Bitcoin ETF are still ongoing, experts believe its approval could profoundly impact the market, ushering in a new era of financial innovation and institutional involvement.

3 minutes

arusso • Dec 4, 2023, 4:53 pm EST

Argentina’s Path Out of Economic Ruin

Amid profound economic disarray, Argentina undergoes a significant political transition as the Peronist duo hands over power to libertarian economist Javier Milei. Milei inherits a troubled economic landscape characterized by high inflation, a bankrupt central bank, and a poverty-stricken population. His proposed solutions, including dollarization and sweeping deregulation, aim to address the country’s economic challenges. However, Milei faces formidable opposition and the need to navigate a complex fiscal and regulatory environment as he seeks to transform Argentina’s economic trajectory.

3 minutes

satoshin • Nov 7, 2023, 10:56 pm EST

El Salvador Hosts Pioneering Bitcoin Conference Amidst Digital Currency Revolution

From November 7th to 9th, El Salvador, the first nation to legalize Bitcoin as tender, becomes the epicenter for the cryptocurrency’s global discourse, hosting the much-anticipated Adopting Bitcoin 2023 conference.

3 minutes

jennyl • Oct 16, 2023, 5:49 pm EDT

Byte Federal Enables First Ever Gas Purchase via Bitcoin’s Lightning Network

In a thrilling milestone, Byte Federal proudly reports a groundbreaking transaction: a motorist seamlessly paid for gasoline with Bitcoin’s Lightning Network on October 13th, thanks to Byte Federal’s cutting-edge merchant system. This versatile system offers retail and online businesses a seamless Bitcoin and cryptocurrency payment solution. In the beta testing phase, it’s currently available in select states, with more to follow soon. Notably, all fees are temporarily waived during this beta phase. Once fully launched, Byte Federal will offer tiered fee levels to facilitate businesses, including a no-fee option for small enterprises. This merchant program aligns with Byte Federal’s mission to support circular economies, complementing their broader crypto ecosystem innovations, including their Lightning-enabled ATM network and a forthcoming non-custodial wallet. If you’re in Florida, experience this crypto revolution at Sarasota’s Palmer Market Shell station. For further details, reach out to us at merchant@bytefederal.com. SOCIALS:

2 minutes