Students at McGill University to Receive Bitcoins

Bitcoin adoption is a huge deal for some universities around the world and this time around it is McGill University that has taken serious interest. Students of the Canadian school will be receiving 30 BTC ($7) as part if their non-profit project known as “The McGill University Bitcoin Airdrop” and together with Montreal’s Bitcoin Embassy.

Students of McGill school will be given an envelope filled with information about Bitcoin. In addition, they will also receive a paper wallet and instructions that will shoe them how to get those coins onto a web or online wallet. They will also find a public key on the outside of the envelope that the organizers will use to fund the paper wallets in front of the students. For hose students that know nothing about the Bitcoin industry or Bitcoin mining hardware and so on, this might be their introduction to a Bitcoin transaction. Moreover, the Montreal Bitcoin Embassy will be giving students the chance to participate in free workshops and lectures on the virtual currency.

Back in 2014 another project called “The Bitcoin MIT Giveaway” made the news with students receiving US$100 worth of Bitcoins in hopes of creating a buzz about the popular digital currency.

Burning Man to Accept Bitcoin Donations to Extend Reach

Bitcoin has made it even to Black Rock Desert, Nevada and Burning Man. The annual week-long celebration of cutting-edge culture has recently announced that it will be accepting Bitcoin donations in order to extend its reach.

The Burning Man Project, otherwise known as 501(c)(3) nonprofit public benefit organization behind the popular festival started taking Bitcoin for donations earlier this week. According to CEO Marion Goodell “Donations will help provide more grants, training and support to creators of radically interactive art and events on and off the playa, fund civic programs, teach communities the power of collaboration, strengthen our infrastructure and making the Burning Man experience accessible year-round.”

Goodell added that accepting Bitcoin for donations is in diapers. While in the present the Black Rock Desert event is not accepting Bitcoin payments for tickets, the Burning Man organization plans to include that and other options in the near future. Hence, Bitcoin enthusiasts and Bitcoin mining fans and also fans of this popular event should stay tuned.

While it’s true that ticket sales to Burning Man usually cover production costs, these donations will help cover the event’s growing year-round program of many other diverse activities, such as the Global Art Grants program, the Big Art for Small Towns program and art honorariums.

The company in charge of processing donations will be Coinbase.

Pay for Your Contour Action Camera with Bitcoin

Contour, the action camera pioneer, has recently announced that they will begin accepting Bitcoin as a form of payment and hence becoming one of the latest companies to show interest in the crypto currency world. The company produces a great variety of low-profile cameras especially designed for action-packed customers involved with extreme sports and similar events.

Customers interested in action cameras and accessories sold by Contour will be able to pay for their items with Bitcoin. This move was mainly prompted by the fact that the company’s Bitcoin customers could take advantage of the Black Friday, Cyber Monday deals and the rest of the holiday shopping season.

According to Contour’s chief executive, James Harrison, “Contour is all about looking into the future, and seeing where technology will allow us to go. We love Bitcoin, as they are doing the same in the field of online payment. Bitcoin has proven to be a major part in the current and future of online transactions.”

Harrison considers Bitcoin payments goes hand in hand with the company’s overall philosophy “For almost a decade, Contour has innovated in action cameras on features, design, and usability. Bitcoin is an obvious choice for companies to stay relevant in the future,” he added.

Coincheck: Japan’s Consumer-Focused Bitcoin Exchange

Japan and Bitcoin continue to form a tight relationship that is growing at a speedy rate. Now, Coincheck, a multi-service Bitcoin platform that offers a wallet, exchange and merchant payment system to users, has launched its own Bitcoin exchange. The exchange is focused on regular users that are looking to make smaller trades.

Coincheck would like to offer fast and reliable BTC-JPY transactions and customers won’t need to pay any fees until the end of 2015. The company first started business operations back in September amongst a huge growth of the Bitcoin industry in Japan. This exchange follows in the footsteps of Kraken, another Japanese site that launched just a few days ago.

With Coincheck users will be using a simple interface and hence avoid complicated sign-up processes and will verify their information by using a Japanese ID if required. The minimum trades have been set at  ¥500 ($4.35) and bank transfers can be completed in just 10 minutes, including new customers who are able to begin buying Bitcoin right away. Users can also link Japanese bank accounts for Bitcoin deposits as well as withdrawal. If customers want to make deposits and withdrawals of less than ¥10,000 ($87.30) they won’t be required to provide an ID.

Imperial College London Joins Forces with Entrepreneur First to Offer Credits for Bitcoin Projects

The world-leading Imperial College London and Entrepreneur First (EF), a non-profit accelerator program, have joined forces in order to bring Bitcoin technology to students.

Both organizations intend to educate students in the field of virtual currencies, including Bitcoin and topics such as Bitcoin mining and Bitcoin mining hardware. The program will be available to students from different areas such as business, mathematics, computer technology, engineering and more. When professors see fit, students will be prompted to develop ideas related to Bitcoin and these will in turn give them credits to add to their degree.

Students can feel free to pursue Bitcoin projects as part of a group or individual tasks. These will count towards credits for degree courses. Furthermore, Entrepreneur First has created the Imperial/EF Bitcoin Prize Fund that hopes to attract students to support the Bitcoin program. This fund will give away cash prizes of up to £3,000 to the best Bitcoin-related projects. Moreover, students can win even more cash to buy equipment to be used in the projects. Students can also take advantage of grants up to £500, mentoring sessions and other incentives.

According to Entrepreneur First, the institution is already funding one Imperial alumnus working on a Bitcoin startup project. Matt Clifford, EF’s co-founder, said,  “Stewart Douglas, an Imperial computing graduate, and Rory Grieg, who dropped out of Goldman Sachs to join EF, are building a bitcoin lending platform that allows holders of bitcoin to earn a return on their holdings. They started work on [TradeMore] late this summer and are currently pre-public launch.”

Coin Jar’s Bitcoin Debit Card: Spending your Bitcoins in Style

Just last week Australia’s most successful Bitcoin exchange and payment processor, CoinJar, announced the launch of their Bitcoin debit card dubbed Swipe. This debit card gives users the chance to spend Bitcoins they have in their CoinJar wallet at any merchant in Australia’s extensive EFTPOS electronic debit network. Users can also convert Bitcoins from their CoinJar balances to Australian dollars. Now, the company has announced the price of their debit cards.

Even though CoinJar promised there would be “no activation fees, no load fees, no conversion rates (subject to CoinJar Fair Rate policy), [and] no inactivity fees”, users will still need to cover some expenses. The initial order of a Swipe card costs AUD$29 ($26). Moreover, cash withdrawals from ATMs on Australia’s ‘Redi-ATM’ network will cost AUD$2 ($1.78) fee. However, this fee will not apply when users use their card to withdraw cash from either of the nationwide Coles or Woolworths supermarket chains.

As of now, CoinJar has released close to a hundred of their Swipe debit cards to users who are in their early access program. The company is putting off the $29 initial fee during this trial period.“CoinJar will be absorbing these costs because we want our users to experience the power of bitcoin and spend it freely,” according to a statement.

Xapo Announces New Bitcoin Wire Transfer Option

Xapo is a place where you can store your Bitcoins in a vault or a wallet. What does this mean for you? It means you can feel secure that your virtual currency is kept safe at all times. In addition, Xapo also offers customers a debit card option that is tied to their balance and functions as a smooth extension of their Xapo wallet, allowing Bitcoin holders to spend the crypto currency at any merchant that accepts debit cards. And this translates to millions and millions of merchants from all parts of the globe.

This process can be done online or offline and merchants won’t even know that Bitcoins were used to pay for the transaction. Xapo’s debit card will undoubtedly   help the global adoption of Bitcoin in ways that we haven’t seen thus far.

And as if this wasn’t enough of a huge leap forward for the Bitcoin industry, Xapo has announced yet another tool that will help not only Bitcoin users but Bitcoin mining enthusiasts and the entire Bitcoin community. Xapo Deposit is the company’s newest service and gives users the chance to acquire the currency on the Xapo platform via wire transfer. Users now have an easier way to get Bitcoins and conveniently store them in their Xapo wallet. All they need to do is log in to their account, click on the Deposit button and fill out a deposit profile to receive a reference code. After this, users will be able to set up a wire transfer to their Xapo account in either U.S dollars or Euros. The cash will then be converted to Bitcoin and deposited to their virtual wallets.

First Airline to Accept Bitcoins: airBaltic

Whether you might be taking a business trip or planning a vacation, you know that it takes some planning if you want things to work out the best possible way. And if you happen to be a Bitcoin mining info buff like me, or you’re a Bitcoin user, you definitely want to have the option of being able to pay for your expenses with the digital currency.

One of the latest travel companies to join the Bitcoin bandwagon is airBaltic, Latvia’s national airline. The company is now accepting the currency as a form of payment for ticket purchases online. Costumers can pick their destination between 60 different places across Europe, the Middle East, Russia and the CIS (Commonwealth of Independent States). Bitcoin payments apply only on the cheapest tickets known as airBaltic Basic Class.

Bitpay is the third-party payment processor that has been integrated with airBaltic for secure and fast transactions. The ticket prices will be listed in Euros, however Bitpay will be in charge of converting these at the current exchange rate. According to the airline’s CEO, Martin Gauss, “AirBaltic has been ranked among the top ten most innovative airlines globally. Introducing the Bitcoin payment option is part of our innovative approach to service with a central focus on our customer.”

More than Positive Results for and Bitcoin Payments

Last month, on June 11th, Washington-based online travel agency made the announcement that they would start accepting Bitcoin for online hotel reservations working hand in hand with payment processor Coinbase. Now, is letting the world know that its incursion into this digital currency’s world has been tremendously successful.

Expedia joins other virtual giants – such as – that accept Bitcoin through Coinbase. This supports the processor’s prior declarations that as many as 10 billion-dollar companies could begin accepting Bitcoin this year.

According to Expedia’s executive vice president of global product Michael Gulmann the total Bitcoin sales the company has seen so far has truly exceeded estimates. In an interview, Gulmann said: “We did some estimates based on the size of Overstock and the size of Expedia, and came up with our own estimates of what we could expect, and we’re meeting and exceeding those.”

The Expedia application is easy to use and works perfectly for many types of customers. Clients go through the checkout process and after choosing Bitcoin as their payment method; they will be taken to Coinbase’s site. Coinbase will then transfer these Bitcoin payments to Expedia in U.S. dollars, based on the conversion rate that was set at the time of the purchase.

Los Angeles to Get its First Bitcoin ATM’s

If you happen to be a Bitcoin user, or into Bitcoin mining, a Bitcoin buff or simply a Bitcoin curious fan, and you also happen to live in the Los Angeles area or will be visiting this city soon, then you’ll be happy to learn that there are two brand-new Bitcoin ATMs coming to town next week.

These machines have been manufactured by Las Vegas, Nevada-based Robocoin and will be managed by Santa Monica Bitcoin payment processor ExpressCoin. The machines will be located in in two Locali Conscious Convenience stores in Hollywood and Venice.

According to Locali owner Melissa Rosen she’s not expecting a huge invasion of customers due to the new Bitcoin machines and also added that her stores are not currently accepting Bitcoin payments due to possible conflicts with the point-of-sale system in-use. Nevertheless, Rosen would like to add a Bitcoin payment option in her stores in the near future.

Robocoin chief executive Jordan Kelly has said in a recent interview that his company has received around 100 inquires from potential Los Angeles operators. The company is planning on expanding across Southern California. Kelly also said Robocoin is working on the creation of more traditional bank-like features added to the machines to make using the popular crypto currency easier and more hassle-free for users in general.