Fortnite Online Merchant Now Accepts Monero Exclusively

It has been reported in an online news media that Retail Row, the online merchandise store for the video game Fortnite has started accepting Monero (XMR) as one of its payment options.

Fortnite is a highly successful first person shooter developed by Epic games which has been reported to have over 125 million players worldwide.

Retail Row support cryptocurrencies via crypto payments service provider GloBee, which allows retailers to accept cryptocurrencies including Bitcoin (BTC), Litecoin (LTC) and Ripple (XRP) however the online shop only accepts Monero.

Customers also have an option to pay with traditional payments methods such as credit cards and Paypal.

Monero belongs to a type of cryptocurrency that gives special importance to anonymity.

This type of cryptocurrency is called privacy coins which supposedly enable users to conduct anonymous and private cryptocurrency transactions.

However, due to its effectiveness it has become the cryptocurrency of choice for cryptojacking which is a form of cyber attack that utilizes the victims processing power to mine cryptocurrencies without the permission of the victim.

New iOS Lightning Network Enabled Bitcoin Wallet

According to reports, there is a new iOS bitcoin wallet that is setting the bar for the next generation of Bitcoin wallets.

Dubbed as Bluewallet, it is available for both Android and iOS and it is said to be the first to integrate the Lightning Network (LN) for fast and cheap Bitcoin transactions.

The application was launched in December and is the first open-source wallet for the iOS supporting LN.

It has been reported that this is the first Bitcoin wallet that can refill the LN with an on-chain transaction without closing/opening a new one.

It is also the first that enables users to backup the LN wallet with a QR code or a URL link and the first one to allow users to use the same LN wallet across multiple devices.

There has been a lot of progress in the development of LN but it is still a long way to go before we can see it going main stream.

Once issues in the software are ironed out, using the LN payments should become easier and a whole lot convenient with the long transaction confirmation waiting and relatively high cost of sending micropayments.

This new technology will create new opportunities for online micro-payments and monetization of digital content.

Lengendary Investors Sees Bottom Of Bitcoin In 2019

A leading venture capitalist and the co-founder of Union Square Ventures, Fred Wilson has recently shared his market outlooks for 2019.

He touched on macroeconomic topics such as U.S. Federal Research, American-Chinese Trade war and the stock market sudden downturn.

He also took the time to talk about Bitcoin (BTC) and other digital assets.

He speculates that the larger, liquid and lasting crypto-tokens like Bitcoin and Ethereum will see the bottom in 2019.

This process could take the whole year of 2019 due to the volatility of the new asset class.

Wilson states that there will be a number of bullish runs which will be followed by selling pressures.

The selling pressure may retest its year-to-date low at $3,150.

However the venture capitalist did not say if it will establish new lows.

Other experts seem to believe that the Bitcoin price will fall below $3,000 to find its true bottom.

After bottoming out the industry will slowly foray into the new bullish phase sometime in 2019.

Amazon’s Quantum Ledger

It is widely known that Amazon is one of the technology giant that is bullish on blockchain.

In fact the multibillion company is so receptive with blockchain technology that it has recently announced two blockchain-related services.

Many in the crypto community sees this a positive development as it paves a way for future blockchain integration by the retail giant that may help the industry move closer to mass adoption.

The first of these projects is the Amazon Quantum Ledger Database (QLDB).

The new protocol is a fully managed ledger database that provides transaction log by a central trusted authority.

The service utilizes SHA-256 cryptographic hash function in order to ensure that the log are immutable, transparent and verifiable.

QLDB tracks data changes and maintains a comprehensive record of changes over time which can be verified.

According to Amazon, the key features of QLBD is transparency, scalability, speed, and ease of use.

The second initiative is the AWS Managed Blockchain.

This system supports both the Ethereum blockchain as well as the Hyperledger Fabric.

It aims to make it easy for enterprises to create and manage scalable blockchain networks using the two mentioned popular open source framework.

With all these initiatives some are already speculating that Amazon is already laying down the groundwork for its release of its own cryptocurrency.

Amazon remain tight lipped regarding this possibility but any decision to integrate a cryptocurrency payments solution would have a massive impact on the entire crypto space.

Lite.IM May Add Crypto To Facebook Earlier Than The Company Itself

Facebook has been on the radar of the cryptocurrency community lately, as reports have been circulating the internet that Facebook is secretly developing a cryptocurrency for one of its messaging applications.

However the company is still far off from releasing the cryptocurrency and it is not even known if the cryptocurrency will be integrated to Facebook itself as it is primarily been developed for WhatsApp messaging application.

This is a perfect opportunity for other projects to be the first one to release cryptocurrency integration into Facebook.

One such project is Lite.IM.

This crypto wallet has already integrated with three different messaging channels.

Currently the crypto wallet supports Litecoin, Ethereum and native token ZTX, and now it is supporting the number 1 cryptocurrency by market capitalization, Bitcoin.

Lite.IM users are able to use Facebook messenger, Telegram and SMS to send, receive and manage Bitcoin, Litecoin, Ethereum and ZTX.

To use the wallet, users will just have to send text commands to a chatbot, then the bot in turn performs transaction on the user’s behalf.

It can send and receive crypto as well and has display of information about the users account such as transaction history, balance and recovery keys.

Although there are more robust bitcoin wallets out there, having a Facebook integrated crypto wallet may not only help in spreading awareness about crypto but also help on its mass adoption.

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