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In other exciting news in the crypto currency world this past week, Circle announces bitcoin payments with iMessaging on the iPhone. As reported on Coindesk.com :
Blockchain payments firm Circle has integrated with Apple's iMessage, a move that allows users to send payments in dollars, euro, pound sterling and bitcoin through the popular texting platform. Circle executives said the launch marks the end of preparations that began in June, when Apple announced it would open up iMessage to third party developers,
Circle CEO Jeremy Allaire said in an interview "We decided to jump on it, We had been planning to build out a model for app-less payments using Circle that would work in all the places people communicate and interact."
Android compatibility? Circle also used the announcement to hint at the benefits of technology standards, in this case, the short message service (SMS), which has long served as the platform for mobile communication.As a result of iMessage's use of this underlying technology, Allaire and Neville said that Android users will be able to receive payment requests via the integration, even if the process has a different user experience."One of the things that’s really cool about using iMessage as the container is it's an SMS app, so it allows you to send the messages to any contact that uses any SMS compatible device," CEO Jeremy Allaire said.
In charity news. An anonymous donation of $23,000 worth of bitcoin was donated to The Water Project.
“Today you gave enough BTC – totally anonymously – to provide clean, safe water and sanitation facilities to an entire school AND for the monitoring and repair funds to keep it working for years to come,” says a message of appreciation posted on r/bitcoin Reddit page by a user bitcoinh20 on behalf of The Water Project.
The post adds: “So… we don’t know who you are, but we’re grateful. And so, just in case you hang out here, we want to say thanks! We’re grateful for every single gift we receive no matter the size! Every BTC provides clean water.”Launched in 2015 as a new initiative that aims to provide reliable water, The Water Promise wants a broken pump or dried tank fixed regardless of whether a community is resigned to the latest failure.It is a 501(c)(3) non-profit organization unlocking human potential by providing reliable water projects to communities in sub-Saharan Africa who suffer needlessly from a lack of access to clean water and proper sanitation.It operates on the basis that a lack of access to safe water and proper sanitation limits education and food production which, in turn, harms health and leads to a cycle of poverty.The Project combines high-tech remote monitoring with local repair teams to help ensure that safe water is provided and reliably over time.With its static Bitcoin wallet: 14xEPWuHC3ybPMfv8iTZZ29UCLTUSoJ8HL, blockchain.info transaction records show that the Project received the $23,000 bitcoin donation from the same address . The deposits were made in two separate payments of 30.00059 BTC and 8.238 BTC within half an hour on September 13.Bitcoinh20 noted on the Reddit page that the deposits are the largest bitcoin gift the Project has received at one time. As with other forum members that share similar views on the edge bitcoin use has over other means of payment for a cause as The Water Project’s, the writer emphasized the cost-saving advantage of accepting donations in bitcoin.The writer states:“Unfortunately, today, as our supporter’s donations make their way to our partners in Africa, these [financial] exchanges have become far more costly than the benefits organizations and individuals actually receive from these arbiters of trade. From credit card donation processing fees, to domestic banking fees, to the costly overseas transfer of funds with its concomitant dilution through currency trading arbitrage and trade commissions, and finally to the local bank fees in Kenya or Rwanda, a lot of folks take significant “cuts” along the way.“Most of these fees are obscured and non-negotiable. The bottom line is that less good gets done as a result of all this transactional overhead.A gift of $10USD today (if not combined with others) would lose somewhere north of 12-15% or more in transit at a minimum under the current system. With BTC, the final cost would be somewhere under 2% by our own calculations.”
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Phil Lima