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DagWallet or WebWallet, which is best for you?

For those of you that are new to Dagcoin or perhaps cryptocurrencies in general. Deciding which Dagcoin wallet to choose might seem a bit confusing. Thankfully, in this week’s post, we will talk about the two different Dagcoin wallets, their advantages and disadvantages, as well as (most importantly) help you to decide which is best for you. But let’s start by learning a little about crypto wallets in general… What is a Crypto Wallet? We all have wallets and purses, where we keep our cash and cards. Crypto wallets serve exactly the same purpose, providing a safe place to store and access our money. Allowing us to buy goods and services, as well as transfer money to family and friends quickly and easily.  Where they differ from a regular wallet, however, is that no money is actually stored in a crypto wallet. What they do store are unique keys that are used to communicate with the blockchain (or similar technologies such as Dagchain). It is from these that you can make transactions or check your balance.  Broadly speaking, there are three main types of cryptocurrency wallets: Online Wallets – These are wallets that store your unique keys in the cloud.  Mobile or Desktop Application – These apps store the keys solely on your PC or mobile device. Hardware Wallet – These store the unique keys completely offline in devices similar to USB sticks. Below we will discuss the two types of crypto wallets provided by Dagcoin. The DagWallet, which is a mobile/desktop application, and the Webwallet, which is an online wallet.  DagWallet The main aim of Dagcoin is to provide a digital currency that is as useable as possible and accessible to everyone – especially those on the lower end of the economic ladder. That is why the free DagWallet application can be downloaded on both Android and Apple mobile devices (via the Google Play and App Store, respectively), as well as on Windows, Apple, and Linux PCs.  The Android app works on devices from version 5.1 up, meaning that almost all smartphones developed after around 2014 or so, should support the app. As for Apple, any device from the iPhone 5 up will run the app. This means that it is possible to use DagWallet on cheap and old second-hand devices that can be bought for as little as $10.  It is great to say that DagWallet is available and accessible to so many people, but what does it actually do? As described above, it is an app that enables you to check your balance, transfer money, and even buy products from a shop or café in person (if they accept Dags), all from your mobile device. This makes DagWallet a digital wallet that you can carry in your pocket.  However, unlike a regular wallet, where if your cash is stolen, it is gone forever, if thieves steal your phone, they will not be able to access your DagWallet or use your money. This is because only you hold the passwords to access and use your Dags. This makes DagWallet even safer than credit and debit cards, which can often be used to buy things online or make small purchases in person without a pin code or other protections. You also don’t have to wait many days or weeks to get access to your DagWallet again if your device is stolen, all you have to do is download the app to a new device, log in, and you are good to go.  Because your unique keys are stored on your device, this makes it very safe. However, there is one small downside — you can only access your Dags from one device. But what if you want access to your money from multiple devices or you don’t have your own smartphone, tablet or PC, or your device is shared by everyone in the household? We have a better option for you… WebWallet Where the WebWallet differs from the DagWallet is that you can access your Dags from any internet-enabled device, at any time. This is because the WebWallet stores your unique keys in the cloud.  This is the perfect choice if you have multiple devices you want to use to access your money. For example, your smartphone, laptop, and work PC. Likewise, if you do not own a compatible device yourself, this can be shared by your entire family, or even by your whole community.  Because the WebWallet can be accessed from any internet-enabled device, this gives people in the poorest and most remote regions an alternative to cash for the very first time. And this is more people than you may think. In 2019, more than 2 billion people around the world still didn’t have access to a bank account, equating to a mindblowing 1 in 4 people. The WebWallet doesn’t just provide an alternative to cash, it is also a safe place to save money and earn interest. But best of all, both the DagWallet and WebWallet can be used to help people build a credit history.  The only small downside to the WebWallet is that because your unique keys are stored in the cloud, they are slightly less secure than if they were stored on an individual device, which is what the DagWallet provides.  Which Dagcoin wallet is best for you? To make this choice easier, let’s break it down into a few categories: Security – if you want your money to have an extra layer of security, choose the DagWallet.  Use on Multiple Devices – If you would like to have access to your Dags using multiple internet-enabled devices, choose WebWallet. You do not have your own smartphone, tablet or PC – choose WebWallet  You want to make in-store purchases – choose DagWallet Best of all, whichever Dagcoin wallet you choose, it is free to download and use. In turn, with each transaction taking just 10 seconds (wherever it is sent in the world) and costing just 0.0005 Dags, you have access to a much faster and cheaper alternative to the regular banking system. To download your Dagcoin wallet, click here. Alternatively, if you would like to learn more about getting starting with Dagcoin, read our how-to guide. Join a growing community of nearly 600,000 people using Dagcoin.

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Uber CEO States the App is Open to Crypto Payments

Uber’s CEO, Dara Khosrowshahi, said in a recent interview that the ride-sharing giant will consider accepting cryptocurrency payments through the platform in the future. "Just like we accept all kinds of local currency, we are going to look at cryptocurrency and/or Bitcoin in terms of currency to transact(...)" Khosrowshahi said in an interview with CNBC. “That's good for business, that's good for our riders and our eaters, so we'll certainly look at that. And if there's a benefit there, if there's a need there, we'll do it, we are just not going to do it as part of a promotion." he went on to say, highlighting the importance of this type of payment needing to be necessary if implemented. Uber’s consideration of cryptocurrency payment methods echoes the sentiment of many other merchants around the world that are very quickly moving towards similar models.

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SWIPEX — THE WORLD’S BEST CRYPTO EXCHANGE PLATFORM

If you’ve spent some time exploring the wider dagcoin ecosystem you may have come across the name ‘SwipeX’. But what exactly is SwipeX? In short, it’s a way to convert your fiat currency to Dagcoin quickly, cost-effectively, and most importantly, securely. The way it works is very straightforward: after creating an account, you can start trading various cryptocurrencies. Yes, that’s right: Bitcoins, Bitcoin Gold, Bitcoin Cash, Dagcoins etc. The more, the merrier we say.  SwipeX runs on all devices and has a dedicated customer support team ready and able to assist you at any time.  In addition, SwipeX has been granted two important licences by the Estonian Government: Licence number FRK000053 – Providing a virtual currency wallet service.   Licence number FVR000071 – Providing services of exchanging a virtual currency against a fiat currency. Great! How do I get started? For you to start using the platform and make the most of it, i.e., trading your crypto money and doing it successfully while you’re at it, there are two very simple things you need to do.  First ‒ create an account.  Second ‒ go through a quick verification process. For that you need to have your ID card and proof of address at hand. NB! This is mandatory for everyone who’d like to use SwipeX. After you’ve finished signing up, we also recommend activating the two-way authentication control, just to be on the safe side ‒ better safe than sorry!  Check out other great projects we have, like the Merchant Finder, WebWallet and DAG-chain.  If you have questions or you would like to know more about cryptocurrency or SwipeX get in contact ASAP! We’d love to hear from you.

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PRIVATE CRYPTOCURRENCIES TO FACE A POTENTIAL BAN IN INDIA

A bill seeking to outlaw the sale and purchase of private cryptocurrencies within India is soon to be considered by the nation’s parliament. The bill, known as the Cryptocurrency and Regulation of Official Digital Currency Bill, doesn’t just seek to regulate private cryptocurrencies, but instead enact an outright ban of them, teeing India up to be the only major nation in the continent of Asia to do so. Although private cryptocurrencies would be banned under this bill, the underlying technology would not. This is in part due to the bill being enacted in order to pave the way for the Reserve Bank of India (RBI)’s planned digital currency rollout. Despite the bill outwardly seeming likely to pass due to the BJP’s majority control in Indian parliament, the specifics of the bill still remain largely unknown to the public. We will provide updates on the situation as it progresses.

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Uber CEO States the App is Open to Crypto Payments

Uber’s CEO, Dara Khosrowshahi, said in a recent interview that the ride-sharing giant will consider accepting cryptocurrency payments through the platform in the future. "Just like we accept all kinds of local currency, we are going to look at cryptocurrency and/or Bitcoin in terms of currency to transact(...)" Khosrowshahi said in an interview with CNBC. “That's good for business, that's good for our riders and our eaters, so we'll certainly look at that. And if there's a benefit there, if there's a need there, we'll do it, we are just not going to do it as part of a promotion." he went on to say, highlighting the importance of this type of payment needing to be necessary if implemented. Uber’s consideration of cryptocurrency payment methods echoes the sentiment of many other merchants around the world that are very quickly moving towards similar models.

#Cryptonews
SWIPEX — THE WORLD’S BEST CRYPTO EXCHANGE PLATFORM

If you’ve spent some time exploring the wider dagcoin ecosystem you may have come across the name ‘SwipeX’. But what exactly is SwipeX? In short, it’s a way to convert your fiat currency to Dagcoin quickly, cost-effectively, and most importantly, securely. The way it works is very straightforward: after creating an account, you can start trading various cryptocurrencies. Yes, that’s right: Bitcoins, Bitcoin Gold, Bitcoin Cash, Dagcoins etc. The more, the merrier we say.  SwipeX runs on all devices and has a dedicated customer support team ready and able to assist you at any time.  In addition, SwipeX has been granted two important licences by the Estonian Government: Licence number FRK000053 – Providing a virtual currency wallet service.   Licence number FVR000071 – Providing services of exchanging a virtual currency against a fiat currency. Great! How do I get started? For you to start using the platform and make the most of it, i.e., trading your crypto money and doing it successfully while you’re at it, there are two very simple things you need to do.  First ‒ create an account.  Second ‒ go through a quick verification process. For that you need to have your ID card and proof of address at hand. NB! This is mandatory for everyone who’d like to use SwipeX. After you’ve finished signing up, we also recommend activating the two-way authentication control, just to be on the safe side ‒ better safe than sorry!  Check out other great projects we have, like the Merchant Finder, WebWallet and DAG-chain.  If you have questions or you would like to know more about cryptocurrency or SwipeX get in contact ASAP! We’d love to hear from you.

#Cryptonews
PRIVATE CRYPTOCURRENCIES TO FACE A POTENTIAL BAN IN INDIA

A bill seeking to outlaw the sale and purchase of private cryptocurrencies within India is soon to be considered by the nation’s parliament. The bill, known as the Cryptocurrency and Regulation of Official Digital Currency Bill, doesn’t just seek to regulate private cryptocurrencies, but instead enact an outright ban of them, teeing India up to be the only major nation in the continent of Asia to do so. Although private cryptocurrencies would be banned under this bill, the underlying technology would not. This is in part due to the bill being enacted in order to pave the way for the Reserve Bank of India (RBI)’s planned digital currency rollout. Despite the bill outwardly seeming likely to pass due to the BJP’s majority control in Indian parliament, the specifics of the bill still remain largely unknown to the public. We will provide updates on the situation as it progresses.

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DagWallet or WebWallet, which is best for you?

For those of you that are new to Dagcoin or perhaps cryptocurrencies in general. Deciding which Dagcoin wallet to choose might seem a bit confusing. Thankfully, in this week’s post, we will talk about the two different Dagcoin wallets, their advantages and disadvantages, as well as (most importantly) help you to decide which is best for you. But let’s start by learning a little about crypto wallets in general… What is a Crypto Wallet? We all have wallets and purses, where we keep our cash and cards. Crypto wallets serve exactly the same purpose, providing a safe place to store and access our money. Allowing us to buy goods and services, as well as transfer money to family and friends quickly and easily.  Where they differ from a regular wallet, however, is that no money is actually stored in a crypto wallet. What they do store are unique keys that are used to communicate with the blockchain (or similar technologies such as Dagchain). It is from these that you can make transactions or check your balance.  Broadly speaking, there are three main types of cryptocurrency wallets: Online Wallets – These are wallets that store your unique keys in the cloud.  Mobile or Desktop Application – These apps store the keys solely on your PC or mobile device. Hardware Wallet – These store the unique keys completely offline in devices similar to USB sticks. Below we will discuss the two types of crypto wallets provided by Dagcoin. The DagWallet, which is a mobile/desktop application, and the Webwallet, which is an online wallet.  DagWallet The main aim of Dagcoin is to provide a digital currency that is as useable as possible and accessible to everyone – especially those on the lower end of the economic ladder. That is why the free DagWallet application can be downloaded on both Android and Apple mobile devices (via the Google Play and App Store, respectively), as well as on Windows, Apple, and Linux PCs.  The Android app works on devices from version 5.1 up, meaning that almost all smartphones developed after around 2014 or so, should support the app. As for Apple, any device from the iPhone 5 up will run the app. This means that it is possible to use DagWallet on cheap and old second-hand devices that can be bought for as little as $10.  It is great to say that DagWallet is available and accessible to so many people, but what does it actually do? As described above, it is an app that enables you to check your balance, transfer money, and even buy products from a shop or café in person (if they accept Dags), all from your mobile device. This makes DagWallet a digital wallet that you can carry in your pocket.  However, unlike a regular wallet, where if your cash is stolen, it is gone forever, if thieves steal your phone, they will not be able to access your DagWallet or use your money. This is because only you hold the passwords to access and use your Dags. This makes DagWallet even safer than credit and debit cards, which can often be used to buy things online or make small purchases in person without a pin code or other protections. You also don’t have to wait many days or weeks to get access to your DagWallet again if your device is stolen, all you have to do is download the app to a new device, log in, and you are good to go.  Because your unique keys are stored on your device, this makes it very safe. However, there is one small downside — you can only access your Dags from one device. But what if you want access to your money from multiple devices or you don’t have your own smartphone, tablet or PC, or your device is shared by everyone in the household? We have a better option for you… WebWallet Where the WebWallet differs from the DagWallet is that you can access your Dags from any internet-enabled device, at any time. This is because the WebWallet stores your unique keys in the cloud.  This is the perfect choice if you have multiple devices you want to use to access your money. For example, your smartphone, laptop, and work PC. Likewise, if you do not own a compatible device yourself, this can be shared by your entire family, or even by your whole community.  Because the WebWallet can be accessed from any internet-enabled device, this gives people in the poorest and most remote regions an alternative to cash for the very first time. And this is more people than you may think. In 2019, more than 2 billion people around the world still didn’t have access to a bank account, equating to a mindblowing 1 in 4 people. The WebWallet doesn’t just provide an alternative to cash, it is also a safe place to save money and earn interest. But best of all, both the DagWallet and WebWallet can be used to help people build a credit history.  The only small downside to the WebWallet is that because your unique keys are stored in the cloud, they are slightly less secure than if they were stored on an individual device, which is what the DagWallet provides.  Which Dagcoin wallet is best for you? To make this choice easier, let’s break it down into a few categories: Security – if you want your money to have an extra layer of security, choose the DagWallet.  Use on Multiple Devices – If you would like to have access to your Dags using multiple internet-enabled devices, choose WebWallet. You do not have your own smartphone, tablet or PC – choose WebWallet  You want to make in-store purchases – choose DagWallet Best of all, whichever Dagcoin wallet you choose, it is free to download and use. In turn, with each transaction taking just 10 seconds (wherever it is sent in the world) and costing just 0.0005 Dags, you have access to a much faster and cheaper alternative to the regular banking system. To download your Dagcoin wallet, click here. Alternatively, if you would like to learn more about getting starting with Dagcoin, read our how-to guide. Join a growing community of nearly 600,000 people using Dagcoin.

Uber CEO States the App is Open to Crypto Payments

Uber’s CEO, Dara Khosrowshahi, said in a recent interview that the ride-sharing giant will consider accepting cryptocurrency payments through the platform in the future. "Just like we accept all kinds of local currency, we are going to look at cryptocurrency and/or Bitcoin in terms of currency to transact(...)" Khosrowshahi said in an interview with CNBC. “That's good for business, that's good for our riders and our eaters, so we'll certainly look at that. And if there's a benefit there, if there's a need there, we'll do it, we are just not going to do it as part of a promotion." he went on to say, highlighting the importance of this type of payment needing to be necessary if implemented. Uber’s consideration of cryptocurrency payment methods echoes the sentiment of many other merchants around the world that are very quickly moving towards similar models.

SWIPEX — THE WORLD’S BEST CRYPTO EXCHANGE PLATFORM

If you’ve spent some time exploring the wider dagcoin ecosystem you may have come across the name ‘SwipeX’. But what exactly is SwipeX? In short, it’s a way to convert your fiat currency to Dagcoin quickly, cost-effectively, and most importantly, securely. The way it works is very straightforward: after creating an account, you can start trading various cryptocurrencies. Yes, that’s right: Bitcoins, Bitcoin Gold, Bitcoin Cash, Dagcoins etc. The more, the merrier we say.  SwipeX runs on all devices and has a dedicated customer support team ready and able to assist you at any time.  In addition, SwipeX has been granted two important licences by the Estonian Government: Licence number FRK000053 – Providing a virtual currency wallet service.   Licence number FVR000071 – Providing services of exchanging a virtual currency against a fiat currency. Great! How do I get started? For you to start using the platform and make the most of it, i.e., trading your crypto money and doing it successfully while you’re at it, there are two very simple things you need to do.  First ‒ create an account.  Second ‒ go through a quick verification process. For that you need to have your ID card and proof of address at hand. NB! This is mandatory for everyone who’d like to use SwipeX. After you’ve finished signing up, we also recommend activating the two-way authentication control, just to be on the safe side ‒ better safe than sorry!  Check out other great projects we have, like the Merchant Finder, WebWallet and DAG-chain.  If you have questions or you would like to know more about cryptocurrency or SwipeX get in contact ASAP! We’d love to hear from you.

PRIVATE CRYPTOCURRENCIES TO FACE A POTENTIAL BAN IN INDIA

A bill seeking to outlaw the sale and purchase of private cryptocurrencies within India is soon to be considered by the nation’s parliament. The bill, known as the Cryptocurrency and Regulation of Official Digital Currency Bill, doesn’t just seek to regulate private cryptocurrencies, but instead enact an outright ban of them, teeing India up to be the only major nation in the continent of Asia to do so. Although private cryptocurrencies would be banned under this bill, the underlying technology would not. This is in part due to the bill being enacted in order to pave the way for the Reserve Bank of India (RBI)’s planned digital currency rollout. Despite the bill outwardly seeming likely to pass due to the BJP’s majority control in Indian parliament, the specifics of the bill still remain largely unknown to the public. We will provide updates on the situation as it progresses.

Dagcoin 2020 Year in Review

2020 saw many changes for the wider Dagcoin ecosystem. From exciting updates on existing platforms to the launch of brand new ones, it's been a bumper year for the Dag-family. This year alone has seen a staggering number of dagcoins distributed to both new and existing users, resulting in almost three billion coins (~2.7B) in circulation. We're also thrilled to announce that over 130,000 new dagcoin users have jumped aboard since the start of 2020, as well as around 800 new merchants now officially accepting the currency in-store. Beyond this, we've launched a variety of new platforms that all accept dagcoin. Some of the highlights include Dagmarket Jobs, a new job listing platform allowing skilled workers to provide services to anyone that needs it in exchange for dagcoins, as well as TwiceDice, a new online casino and betting platform which utilises Dagchip — a digital chip that exists alongside Dagcoin! That's not all though! For the full lowdown, including all the exciting developments for merchants, check out the video above, and don't forget to keep your eyes peeled for all of the exciting things to come this year — 2021 is going to be even bigger!

Bitcoin Sees Largest Daily Price Loss in Almost 1 Year

It seems there’s no end in sight for Bitcoin valuation turbulence, with the world’s best-known cryptocurrency seeing its most dramatic drop in value over the past 10 months in just one day. On Thursday 21st Bitcoin ended 13% down by EOP. Many experts are claiming this is an anomalous dip, and that the currency will regain its value swiftly. This drop in value has nullified almost all year-to-date gains, bringing the Bitcoin 2021 total increase in value to just +6%. This is a devastating blow considering the cryptocurrency’s tremendous boost in value to around 42,000 USD earlier this month.

EU Parliament to Assess Petition for Crypto Fraud Victim Superfund

Last Wednesday a petition was formally sent to the European Union parliament to have the body consider the option of establishing a ‘Crypto Assets Fund’ for those who have fallen victim to a cryptocurrency-related crimes and/or theft. Jonathan Levy, lawyer and creator of the petition, is representing clients who together have lost a total over €50 million, and is supported by class representatives of the individuals adversely affected by the high-profile Bitsane exit scam. “Every day $100 billion in unregulated cryptocurrency transactions take place. Much of that activity involves organized crime and represents the largest transfer of wealth to criminals since the Second World War. Billions of dollars have been siphoned from victims of criminals schemes. Our goal is nothing less than the establishment of a Cryptocurrency Security Fund to compensate victims.” - Jonathan Levy According to Levy’s petition, he and his clients wish for the EU to implement a .0001 cent per euro fee on all cryptocurrency transactions within the union in order to generate a pool of funds to aid victims of related crimes. To date, the petition has generated 46 supporters. The EU Parliament has yet to discuss the matter, or provide an official response.

How does Dagcoin and V-ATM Benefit Merchants?

2020 was a turbulent year to say the least. However, as 2021 dawns, so does the hope of a slow return to normality. The beginning of the year is always important for businesses, with January sales a big part of that. Did you know that on average consumer spending in January is higher than in December? In this blog, we have talked about the many benefits of accepting Dagcoin as a payment method and how it can help improve sales, including: The free Merchant Finder tool that provides free advertising for your business to a growing community of more than 500,000 Dagcoin users worldwide. The free Point of Sale (POS) app that makes it possible to accept Dagcoin payments in your shop just as quickly as card payments. The free Webshop Plugins that make it possible for you to accept Dagcoin payments quickly and easily at your online store. The free email Invoicing tool that enables you to create and send invoices in seconds, and get paid in the same timeframe too. In this article, we will talk about yet another benefit of accepting Dagcoin, V-ATM! But what is V- ATM and how can it help you improve sales in 2021? Let’s find out… What is V-ATM? Put simply, V-ATM is a Virtual ATM that allows you to sell Dagcoins to your customers so that they can buy products from you at a discounted rate using Dagcoin. Where this gets good is the fact that we will reward you in Dags and Euros for selling the coin. This means you will get paid twice, once from the customer and once from us. Giving you the opportunity to offer your customers discounts that your rivals won’t be able to compete with, even the big boys. This is a real win-win for everyone involved. You will attract more customers by offering bigger discounts and earn twice (from us and them). Your customers will get a fantastic deal too, which will make them want to use you again, and Dagcoin will get more users. Moreover, your customers will be buying Dags from you at the current exchange rate. Making your V-ATM a fair place to buy Dags, adding further to your trustworthiness as a retailer. Interested? Keep reading… How it Works – For Merchants Signing up to V-ATM and offering discounts to your customers is a simple 3-step process: Step 1 – Signing up As with almost anything these days, the first thing you will need to do is sign-up online. To do this you will need to go to the Dagpay page and login to your account (if you don’t have Dagpay yet, don’t worry, you can also sign-up here too). Once you are in your account, all you have to do is click on the V-ATM section and follow the on-screen instructions. Step 2 - Print and present the QR code We will review your application, and if all is good, we will send you approval along with everything you will need to get started. In this acceptance pack, you will receive QR banners that you can print out and display in your shop or business location alongside your discount offer. Step 3 - Sell your products using the V-ATM QR code and double your profits This is the easiest part, and what you do best – selling! Encourage your customers to take advantage of the discount they will get by using the V-ATM QR code to buy Dagcoins and pay for the product they want. Because you will be paid by both the customer and us for each sale, you don’t just have the chance to double your profits, but to offer discounts that your competition won’t be able to match. Attracting more customers, reducing churn, and maybe even getting back some old customers that you lost to rivals in recent months or years. How it Works – For Customers In this section, we will cover the process from the customers perspective so that you can guide them if they need any help. Step 1 - Scanning the QR Code The very first thing your customers will need to do is scan your V-ATM QR code using their smartphone. If they do not have an app on their phone to scan QR codes, there are many such apps available for free on both the Google Play and App Stores. Step 2 - Downloading DagWallet The next thing your customers will need to do is download DagWallet. This is the virtual wallet where they can store their Dagcoins and make/receive payments using the coin. They can download DagWallet (and learn more about it) here. Step 3 – Buying Dagcoins Now that your customers have a DagWallet and have been verified, they can now buy Dags from you using the V-ATM at the current exchange rate. This is the same process as a regular Dagcoin transaction, and they will receive Dags to their wallet within 10 seconds of making the purchase. Step 4 – Paying for their Products They are now at the final (and best) part of the process – the purchase of the discounted products. This discount will make your customers happy and more likely to return in the future. In addition, you will receive double the profit too because we will also pay you. It truly is a Win-Win! Conclusion V-ATM is a Virtual ATM that allows you to sell Dagcoins directly to your customers so that they can buy discounted products from you using Dagcoin. We will then reward you in Dags and Euros for selling the coin. Meaning you will get paid twice, from the customer and from us. Because you are getting paid double, this means that you can offer discounts that will make you cheaper than your rivals, maybe even the big boys like Amazon. With such discounts, not only will you be able to make more sales, you will also attract new customers, reduce churn, and even get back those clients that you lost in previous months and years.  Setting up V-ATM is simple and easy. All you have to do is: Go to the Dagpay page and log in to your account (or sign up if you don’t have an account) click on V-ATM and follow the online instructions. Print your individual QR code and display it with your discount promotion in your store or business Sell the discount your clients will get from using Dagcoin V-ATM to buy products from you. Start 2021 the way you want to continue, with more sales and higher profits. Click here to get started. Join a community of more than 1300 merchants and 500,000 clients using Dagcoin.

China Doubles Shenzhen Digital Yuan Giveaway in Newest Trial

We’ve previously covered China’s creation and rollout of the ‘Digital Yuan’ in the tech-focused city of Shenzhen, however, the journey of the latest state-approved digital currency has taken a turn. As of the 1st of January 2021, the government opened a lottery up to the public through the ‘iShenzhen’ platform, allowing citizens to enter a drawing to win one of 100,000 prizes of 200 Digital Yuan (equivalent to around $3 Million). The previous distribution, taking place in late 2020, put 10 million Digital Yuan in the hands of citizens, meaning the latest lottery is set to triple the total amount in circulation at the moment. This is a testament to the Chinese government faith in the Digital Yuan, as well as their resolve to persuade the public to place their faith in the burgeoning digital currency scene. For those of you that may have missed the news, the government-run People’s Bank of China (PBoC) has begun rolling out its very own digital currency known as ‘DCEP’ last year. This move came in part due to the reliance of the dollar in international finance, and the PBoCs desire to break this standard and create a new ‘battlefield of competition’ between major countries.

#cryptonews
A movement for a local digital currency in New York has started

Some state lawmakers and a Cornell Law School professor are jointly crafting a proposal to introduce a statewide public alternative to banking in New York through launching a local digital currency. Despite being a first-world country, the USA has notable economic discrimination in its territory. According to data from the US government’s Federal Deposit Insurance Corporation, more than 14 million US people were unbanked. There are several reasons for not having a bank account, the most prominent being unemployment. Some people do not prefer going to a bank for transactions and others do not have personal identification. As most companies pay salaries to the bank account, the unbanked people face a lot of problems in day-to-day activities. They are constantly in search of an alternative like a digital wallet. Lawmakers and finance experts have also been trying to offer a reasonable solution for them. Finally, good news may come for the New York citizens as a buzz of local cryptocurrency is in the air. Robert Hockett, an official of Cornell’s law faculty, has developed a plan addressing people and small businesses without a bank account that would create a state payment platform and currency in New York to reduce financial issues for this group of people. State lawmaker Ron Kim (D-Queens) has support for the professor regarding the plan. According to the reports of Vice, the payment system and currency would be highly convenient for people with low socioeconomic status and underpaid workers. Kim has already introduced a bill in the New York State Assembly on “New York Inclusive Value Ledger”, which would launch the new system in the state. The bill was referred to the Assembly’s Committee on Banks. The bill is being moved in the other chamber by State Senator Julia Salazar (D-North Brooklyn). These simultaneous movements may bring some positive results very soon. The proposed platform would create a system of individual digital wallets funnelled to a “master account” that would make everyday transactions easy and fast for the registered users. This would eliminate the need for a bank account or credit card which many residents can’t afford. The need for a more inclusive payment system The concept of inclusive value ledger originated from the need for more inclusive money, payment and retail banking system for the creation, accumulation, and easy transfer of spendable value. The draft bill provides the idea of a smartphone-accessible peer-to-peer (‘P2P’) savings and payment system which can be designed and implemented by any government entity in the State of New York. Hockett expected that the new system would enable the monetization, production, and saving of far more value than the current economic system allows. In several sections, the draft bill outlines the inclusive value ledger in general, the state inclusive value ledger, the community or complementary value ledger, and finally the prospects of a national value ledger. The existing profit-making payment platforms are mostly private entities and these are out of reach for many people due to high transaction charges and other rents that extract too much value. But with the advent of new digital payment technologies, designing and implementation an inclusive payment platform is quite easy. An area like New York with economic diversity is likely to benefit from such financial and commercial infrastructure. A two-stage operation The State Inclusive Value Ledger is expected to be interoperable with other payment platforms like ATM cash. A two-stage plan for the construction of the system has been proposed in the draft bill. In the first stage, New York would provide a digitally accessible wallet called “Inclusive Value Account” to all residents of the state. Each account would be P2P linked to a ‘Master Account’ which can be the state treasury itself or a different account created as a state enterprise or legal trust. Individual accounts can be credited by the state in the form of tax rebates, pension or other benefit payments, or debited for income taxes, fines or franchise fees. There is no fixed measurement unit for these debits and credits, but digital dollars can be used for convenience. The second stage of the plan would be to enable cash flow among residents themselves. This stage would not require any basic changes in technical requirements. It can be simply considered as an addition of a new feature to the existing system. The implementing authority will just need to track and record the added volume of private/private transactions.

German Banks are Excited to Offer Crypto Services

Inspired by a recently approved law, more than 40 German banks have expressed their interest in providing cryptocurrency custody services. BaFin, the country’s financial regulator, has received letters of interest from those banks. A local media outlet Handelsblatt reported that the banks’ interest to launch digital currency-related services goes in line with a new update anti-money laundering law that was passed earlier this year. The law requires financial entities to get a license from the Federal Financial Supervisory Authority of Germany (BaFin) before they can run stocks, bonds, and cryptocurrency-related activities. However, companies already providing similar services have been given a deadline of November 2020 to obtain such a license. They will also have to inform BaFin by the end of March whether they wish to get such a license and continue operation. New European law  In the meantime, the fifth iteration of the European Money Laundering Directive, known as AMLD5 was launched, which changed a number of avenues related to financial operations across the EU region. Such changes affected the way financial institutions are supposed to deal with digital assets as well. In Germany, financial policymakers started to allow financial entities to provide crypto asset-related services apart from the traditional range of stocks and bonds. Although no German bank has officially started crypto services yet, rumours are there that many banks are trying to make mainstream crypto banking a reality, actually preparing well for adoption and recognition of this controversial asset. According to the report of Handelsblatt, government officials supposedly said that more than 40 letters of interest have been received from banks “for permission to operate the crypto custody business in the future.” However, they did not disclose the bank names. Frank Schäffler, a member of German Federal Parliament, said on cryptocurrency trend- “The market is growing faster than the Federal Ministry of Finance has predicted. That is both a blessing and a curse. The high demand for crypto custody licenses shows that companies are increasingly adopting cryptocurrency technology, but is also the result of the new legislation.” Crypto services are already in place If things work as planned, banks willing to offer crypto custody would join the growing ecosystem. Institutions offering cryptocurrency services are already there in Germany. Boerse Stuttgart, the country’s top-ranked stock exchange, for instance, launched its crypto trading platform. “At Germany’s first regulated trading venue for digital assets, users can currently trade digital currency against the euro. Additional digital assets are to be added”, they stated at the launching ceremony. However, among banking institutions, Solarisbank, a Berlin-based technology firm, offered crypto services for the first time in the country. The company also created Solaris Digital Assets, a crypto subsidiary project, in December 2019. Michael Offermann, who has been appointed the head of crypto banking, said: “We have been dealing intensively with the topic of crypto custody for a year and a half. The new regulation in the new Money Laundering Act is a good time to start practically. After all, we are not a research institute, but a commercial bank.” If the bank gets a license as requested, it will collect digital tokens from customers and store those. According to the of CryptoGlobe, an online media outlet, the new German law could make the country the next crypto haven as it will permit banks to store and sell virtual currencies. Other banks are also interested in crypto services Banks outside Germany are also interested. Blockonomi recently reported that five US senators presented Senate bill 2594 in January, which has passed first reading. The bill is supposed to make legitimate for Hawaiian banks to store digital assets, a category which includes “virtual currencies,” “digital securities,” and “open crypto tokens.” The content of the bill strongly indicates digital currencies will be storable by banks, which would be another giant step towards embracing cryptocurrencies for common people. 

Ethereum Classic Suffers Crushing Blockchain Attack

Having suffered its 3rd 51% attack in the last 30 days, August has been far from a great month for Ethereum Classic. For those of you that may not know, a 51% attack is a targeted blockchain attack that involves a coordinated effort from a group of miners who control at least 51% of the currencies mining hash rate (or computing power). Although the blockchain makes it next to impossible to edit existing transactions within the digital ledger, 51% attackers can effectively prevent new transactions from taking place, rendering the currency temporarily useless. The 3 attacks on Ethereum Classic reorganised 14,693 blocks of data, equating to over 4 days worth of mining. While ETC Labs, the company behind Ethereum, have been scrambling to recover on both a technical and PR front, this month’s events have one thing clear to all — as secure as blockchain technology may outwardly seem to be, its cracks are beginning to show. Fortunately, newer blockchain analogues such as Dagchain have made serious headway in addressing the security issues present in their progenitor.

Norwegian Air Brings Good News for Crypto Users

According to a local newspaper report, Norwegian Air, a top-ranked European airline, may soon accept cryptocurrency payments for flight tickets. Coindesk also reported in February 2020 that the Norwegian Block Exchange (NBX), a leading crypto exchange of the country, will facilitate air ticket purchase with virtual currencies. More and more industries of both public and private sectors are exploiting the cost-effectiveness and safety of cryptocurrencies nowadays. Norwegian Air has certainly noticed this and became one of the few airlines to utilize this tech-dependent currency system. The CEO of NBX, Stig Kjos-Mathisen disclosed that the crypto exchange had developed a payment platform for air travellers. The airline customers will be able to purchase air tickets with cryptocurrencies. Kjos-Mathisen claimed that the exchange is fully prepared to start its operation. He hinted in August 2019: “At some point, when the technology matures, you’ll be using digital currency and you won’t really notice that you’re using it…But right now, in the beginning, you will definitely be aware … So you need to incentivize people in the beginning. And then they will start using it because they see it’s convenient.”  Norwegian Air is the largest airline in Scandinavia and the third-largest in Europe. After being launched in 1993, it has been trying to offer affordable air travel solutions to its customers. Passengers can enjoy flights all across Europe and North Africa and some selected areas in the Americas. There is no official date as to when the Norwegian Air will start accepting cryptocurrency for air tickets, but most reports point to the spring this year. The airline feels that the inclusion of digital currencies technology in the financial system will reduce operational costs. It would also eliminate the need for a broker or third-party during the payment process. The airline already implemented extensive cost cuts in the last year, resulting in its best-ever quarterly income in October 2019. It carried around 37 million passengers in 2018, the highest-ever figure for the company in a single year. In addition, NBX has been serving as a platform for using digital currencies in the country since its inception, and it will let the platform to be used for the purchase of air tickets.  Crypto payment for air ticket is not new Several airlines and travel agencies currently accept cryptocurrencies. Destinia.com, airBaltic, CheapAir.com, Peach Aviation, Abitsky.com, and XcelTrip are some notable names in the field. However Latvian airline airBaltic started the trend in 2014 when it announced crypto as a means of payment.At that time the airline ranked among the top 10 innovative airlines worldwide. Its CEO claimed the introduction of digital currency payment as an innovative approach to customer service. However, airBaltic also had to take the help of a third-party payment processor for the conversion of crypto into the euro. Whatever the process is, the inclusion of cryptocurrencies into airline business is certainly a positive sign for the virtual asset industry.

Akon To Build Entirely Crypto-Based City

In a move that’s surprised just about everyone in both the music and crypto industries, Grammy-nominated singer, Akon, has announced plans to begin construction of a Senegalese city that will run entirely on a brand new cryptocurrency of his very own — Akoin. Having invested in Bitcoin in 2014, Akon (real name, Aliaume Damala Badara Akon Thiam) has been a supporter of cryptocurrency becoming mainstream for years now. The global economy being rocked by the novel coronavirus only strengthened his resolve on the issue. “It just goes to show the relevancy of why digital currency is such a futuristic event and how this is the future as we’re moving forward. There are going to be digital currencies that will float through the whole universe that allow us to trade in a way that we’re already accustomed to — but now it’s going to be the norm.” Although plans for the city and AKOIN were mentioned as far back as 2018, confirmation of the project going ahead, thanks to a $6BN investment from KE International, was only announced in June 2020. So what does a major move like this mean for the crypto landscape? Well, it’s a clear indicator that there’s both a desire and need for cryptocurrency ecosystems that centred around day-to-day spending rather than just trading. Fortunately, currencies such as AKOIN and Dagcoin answer the call.

Belgium FMSA Wants Crypto Regulations to Make Trades Transparent

Financial Services and Markets Authority (FMSA) of Belgium is pushing the government to craft cryptocurrency regulations. Any country’s financial authority continuously monitors local and cross-border illegal transactions. Belgium is of no exception. The country always tries to maintain transparent financial activity within its territory. On the other hand, the use of digital currencies has been increasing exponentially for the last couple of years. There is always a risk of illegal use of any financial asset if it is not monitored seriously. Keeping this in mind, Jean-Paul Servais, the chairmen of FMSA, pressed lawmakers to come up with a legal framework for use and transactions of digital currencies and related financial products. He proposed the idea of such regulation in a Senate hearing on February 10. Reference from other countries Senator Jean-Paul provided reference to several other countries including Russia, China, Ecuador, Thailand, Argentina, Bolivia, and Algeria, where crypto assets are either properly regulated banned so that their people have a clear understanding of such currencies. He also pointed out the incompetency of the Belgium authorities in handling the industry that is clearly expanding at an alarming rate. Being indifferent to this potential market would either make the people engaging in illegal activities like tax evasion. Jean-Paul raised the concern of the financial market observer, National Bank of Belgium, which criticized a recent event promoting cryptocurrency-related projects. He noted that the crypto market is overwhelmed with more than a thousand digital currencies with a total value of around $320 billion. This huge amount could mean a lot of problems for the Belgium economy because the central bank would be unable to keep the balance of the fiat-crypto ecosystem. Lack of supervision of this blooming market could also lead to many fraudulent practices affecting investors negatively. He also reminded the growing number of Crypto ATMs budding worldwide, some of which are located in Belgium as well. FMSA’s opinion in the resolution Digital currency-based transactions are very secure and hence not traceable, making it difficult for government agencies to monitor the flow of such currencies. “Due to their non-traceability, virtual currencies popular in the context of cybercrime ain’t ubiquitous on the darknet, since they can become cybercrime committed without leaving traces,” says the resolution of FMSA. The statement also includes the warnings of economists and some Nobel laureates amid crypto craze. It stated a royal decree issued in 2014 which prohibits any cryptocurrency-based professional products from offering to general investors. The resolution emphasized creating a legal framework for digital money and related items to help protect customer interest and prevent the use of such money for illegal purposes. The current concept of cryptocurrencies in Belgium The current regulatory framework governing financial instruments in Belgium is based on the Act of 21 November 2017 (the Act on Financial Instruments) and the Act of 25 October 2016 (the Act on Investment Services). These acts implement the second Markets in Financial Instruments Directive (MiFID II) that aims to protect the investor’s interest and deal with new and trending financial technologies. MiFID II regulates certain types of organisations that offer investment services and projects relating to financial instruments. It is important for investors to realize if cryptocurrencies belong to financial instruments. Closed and unidirectional scheme digital currencies are not considered financial instruments and thus cannot be used for investment. However, the concept is less clear for bidirectional scheme digital currencies because not all of those have the same attributes. If any such currency can be used as a means of payment, as a means of investment and for a utilitarian purpose, then it can be considered a financial instrument. Currently, cryptocurrencies and utility tokens are not included in the list of financial instruments in the Act of Financial Instruments. Belgium government has been sceptical to cryptocurrencies and related products until now and it is difficult to guess whether any cryptocurrency regulation here would be restricting or flexible. However, there is no wrong to hope for the best.

Swedish Central Bank Publishes A Review Of Digital Currency

Riksbank, the Swedish central bank, has recently released the most comprehensive review of digital currency by any public body to date. This follows the nation’s testing of ‘e-krona’ — the state’s official digital currency, or ‘central bank digital currency’ (CBDC). The reviews cover the rationale for adopting CBDC, it’s effectiveness as an official currency, it’s competitiveness both today and in the future, overall pros and cons, et al. Despite the nomenclature, e-krona isn’t comparable to Swedish krona (SEK) in terms of value, with 1 e-krona worth around 3x that of SEK at the time of writing. With other nations such as the UK, China, India, and Canada, poised to delve into e-currency experimentation, these findings may prove invaluable from both an efficacy and security perspective, more so with fraud concerns being one of the primary points of interest in the report: “An open DLT network is associated with several disadvantages; every transaction must be verified by every participant (cf. blockchain) in a time and resource-consuming manner. The responsibility for the Riksbank regarding AML, KYC & CTF could be indefinite. Fraud and cyber-attacks are hard to prevent in an open network.” With blockchain-based currency and its analogues likely becoming a requirement for the development and sustainability of any major country’s economy, centralised government banks are being railroaded into finding a solution. CBDCs are on the horizon, and they’ll be here to stay.

ECB wants to prepare for a cashless society with a digital currency

In this era of science, it is natural to see more and more technological innovations in an attempt to make our life easier. When it comes to finance, digital money is such an example. Many parts of the world are embracing this new financial innovation to make the transfer of money faster, cheaper, and safer. A recent survey conducted by the Banks for International Settlements studied more than 60 central banks. Interestingly, almost 80% of those are preparing to launch central bank-backed digital currencies (CBDCs). The European Central Bank (ECB) is of no exception. After economic superpower China had put itself into the race of CBDC, many other countries followed the suit. ECB started to dig deeper into the distributed ledger technology (DLT) which might be an important foundation for the digitalization of the financial sector.  Why others are getting ready for crypto The Frankfurt School of Blockchain Center [FSBC] came up with the news of ECB’s effort to integrate DLT into its monetary system. The German research centre is a European Commission approved Digital Innovation Hub. While studying the prospects of digital currencies in Europe, they revealed the ECB’s endeavour in a recently published paper. By the way, Germany has already been investigating the prospect of programmable digital Euro since 2019. Although fiat money is a universally acceptable and most popular form of money to date, it has several shortcomings. The paper published by FSBC investigated the concept of digital Euro and how it can be utilized to overcome the pitfalls of fiat money using the digital currencies. FSBC referred to three types of money out there including cash, bank money, and central bank reserves. But the report also expressed fear about ‘bank runs’, a term used to describe a condition where customers withdraw all their money from banks as a result of mistrust in the banking system leading to a liquidity crisis. People naturally want their money to remain in a safe hand, and this is where the question of trust comes in. DLT promises to handle this safety concern which many financial institutions are exploring today.  ECB’s current efforts The paper pointed out other advantages of digital currencies technology including resistance to manipulation, automatic nature, high speed, and programmability. To explain a downfall of the existing financial system the paper mentioned,  “A traditional money transfer from Germany to Argentina takes up to ten days and costs as much as 10% of the transfer amount in fees. However, with the use of a DLT system, this transaction can be settled in real-time at low transaction costs between any parts of the world.” As a result, the investigators considered the DLT-based digital Euro as an effective alternative to cash. The ECB showed an optimistic attitude by studying the consensus mechanism of DLT, but they are concerned about extra energy usage and delay in transactions caused by Proof-of-work. The paper suggested that the ECB might use a modified version of the existing system which is not completely decentralized. The alternative system would comprise a series of identified and accountable nodes. FSBC referred to some central bank initiatives trying to implement such “permissioned” projects with the help of leading DLT platforms. A proof-of-concept has also been crafted by the ECB that might be established based on R3 Corda by the end of this year. Other study findings are also prompting ECB to take the DLT matter seriously as most nations of the regions are on the verge of switching to a cashless society.  All these initiatives are not only to keep up with the fashionable trends but to prepare the people if there is a change in payment behaviour. It is also necessary to maintain the link between people and the central bank. Even though fiat money has some bad impressions, its demand is not reducing. There is no current evidence to suggest that common folks are willing to sacrifice the valued and trusted benefits of fiat currency. But we need to be ready for any possible change in the monetary system. 

Bitcoin Sees Largest Daily Price Loss in Almost 1 Year

It seems there’s no end in sight for Bitcoin valuation turbulence, with the world’s best-known cryptocurrency seeing its most dramatic drop in value over the past 10 months in just one day. On Thursday 21st Bitcoin ended 13% down by EOP. Many experts are claiming this is an anomalous dip, and that the currency will regain its value swiftly. This drop in value has nullified almost all year-to-date gains, bringing the Bitcoin 2021 total increase in value to just +6%. This is a devastating blow considering the cryptocurrency’s tremendous boost in value to around 42,000 USD earlier this month.

#dagnews
Russia may Use a Gold-Backed Crypto for Future Settlements

Elvira Nabiullina, governor of the central bank of Russia, came up with that information while speaking to the parliament, the Duma, regarding current plans with cross-border finance. In response to a question from a parliament member who also represents Duma’s financial markets committee, Nabiullina said that the Bank of Russia is not against the development of a gold-pegged cryptocurrency. However, she confirmed that the use of cryptocurrency would be within the scope of cross-border settlements and crypto would not take the upper hand in relation to fiat currency. She added - “As far as settlements are concerned, we will consider your suggestion regarding what a cryptocurrency backed by gold would look like,” Nabiullina stressed the importance of using national currencies for international settlements. At a meeting of the State Duma, she referred to successful use of national currencies in settlements under the framework of the Eurasian Economic Union (EAEU), where significant development was achieved with the strategy. The bank of Russia recently released a policy brief pointing at the benefits and pitfalls of central bank digital currencies (CBDCs). The bank believes that CBDCs could boost the national economy by reducing transaction costs and being a safer and more liquid type of asset. The only drawback of CBDCs is the lack of anonymity as compared to fiat currencies. What is going on inside An advisor to the president of Russia expressed similar opinion and suggested that introducing a CBDC in Crimea might get more investors in the region while bypassing sanctions. Cointelegraph recently published positive news that Russia and Venezuela are trying to reach an agreement on closing trade settlements using both Ruble and the Venezuelan state-owned digital currency, petro (PTR). In reality, although the governor’s statement carries great importance as she represents one of the world’s largest central banks, most of the high-ranked staffs of the bank are still sceptical towards cryptos, and therefore Duma’s digital currency plan is unlikely to see the faces of light any time soon. An administrator was quite straightforward regarding this matter - “We are generally opposed to cryptocurrencies being launched into our monetary system. We do not see the possibility that cryptocurrencies could act as monetary surrogates.” To put it simply, the Bank of Russia is just carrying out its constitutional duties in studying the Duma’s token plan. But it is almost impossible to deny that the latest crypto related events in the lower house of Russia mark a milestone as those involved a central bank officially going through the motions of the development of a national cryptocurrency - one of the very few instances in the crypto economy's emerging history till date. Possibility of crypto for a bloc A recent buzz of developing standard crypto for the Eurasian Economic Union bloc also sounded in Russia. The deputy finance minister of Russia, Alexey Moiseyev, revealed in December 2018 that the country, along with the EEU’s four other member states -Armenia, Belarus, Kazakhstan, and Kyrgyzstan, had agreed to discuss the development of crypto for the economic zone. The minister’s attitude was firm, and he called the project ‘inevitable’. If everything works as planned, the crypto could be launched in 2020 or 2021. The initiative is being thought as part of Russia’s response to the economic sanctions imposed by America in recent years. The main objective of crypto development in the EEU is to achieve further financial independence and bypass dollar in their trade activities. For the time being, there has been no clear information on how the crypto will be developed like on what blockchain wand with what attributes.

Dagcoin Wallet Update: v1.4.1-beta

Here are the updates of the latest version of Dagcoin's Wallet: v1.4.1-beta • Wallet creation redesign: new intro and terms/conditions view • Receive page redesign: Share address button is moved in header as an icon for mobile version • Fixed exporting transactions in windows • Redesign transaction details modal • address book sorts in alphabetical order by the first name • Increased transaction clickable area • Fixed sharing address from requested amount message text • Add scroll in wallet information in windows You can follow the open source and updates here: https://github.com/dagcoin/dagcoin/releases

Dagcoin Wallet Update: v1.4.3-beta

Here are the updates of the latest version of Dagcoin's Wallet: v1.4.3-beta Fixed password suggestion issue Fixed payment lint navigation in chat Fixed a small gap when opening settings from home page Hide amount until user hasn't entered the password Fixed send all amount Multiple contact UX fixes You can download the free DagWallet app here: https://dagcoin.org/wallet/ You can follow the open source and updates here: https://github.com/dagcoin/dagcoin/releases

IMPORTANT: The new DAG-chain & new DagWallet!

At the beginning of May, we announced our community the migration of our Dagcoin on to the new and enhanced DAG-chain that is tailor-made especially for one purpose – becoming a globally used common currency. This is one major step towards our main focus  – usability. With this new chain our present and future merchants will have the best solutions for accepting payments for their products and services. Why? Very often we get asked and there are even different rumors about the reason of this change. Let us explain the background. So far we were an asset on Byteball’s platform. The development decisions of that platform and what can be implemented in the wallets is very much controlled by the founder of Byteball. Our aim is to bring cryptocurrency to everybody by making using the money as simple as possible. The strong vision and ambition of Dagcoin is unique and to be able to fulfill this we wanted to make the technical side more suitable for our community. With all the platforms we are developing (DagPay, Merchant Finder, DagWallet, Webwallet, DagCommunity and many more to come) we need to be able to sync with the developments of the core technology very often. Being the main developer of the core technology gives the freedom to create and update additional products/features much faster and to create solutions others do not have yet! And this is the reason why we have come out now with our own chain – this gives us the freedom to develop custom solutions benefitting our community – you – the most! The fees for transactions will not become high with the rise in the coin price as it is happening with all other cryptocurrencies, there are no issues with funding client and confirmation times for transactions are much faster. The work that has started on DagWallet takes it to the ultimate top of digital wallets. These are just some of the benefits of being on our own chain to begin with.   Now... What is the process for exchanging my old coins to new coins? We wanted to make this process as clear to our members as possible. Part of this is the understanding, that there is OLD wallet with old coins and there is NEW wallet with new coins, so we made this process partly manual for you – you must send the old coins to us, and then we send the new coins to you. First thing that is extremely important for every cryptocurrency wallet – have you made the Backup?    Now when the backup is made, you need to download the new wallet. You can find the new wallets here: https://dagcoin.org/wallet/ And again – make the backup for this wallet as well! Now you have two wallets in your device – Dagcoin (which is the old wallet) and DagWallet (which is the new wallet) Next step is to go to https://migration.dagcoin.org where you can send your old dagcoins to the company and leave your new wallet’s address to receive the new coins into the new wallet.     It is mandatory to leave your e-mail address just in case we would need to contact you regarding the migration, old wallet’s address and also new wallet’s address. Once you have sent the old dagcoins, allow us to have up to 7 days to send the new coins on the new chain. Most probably this will happen within a few days, but since there is a lot of people who are going through this migration process then we want you to consider a little bit longer time period. It is important not to erase the old wallet from your device before the new coins are safely in the new wallet. Once the new dags are in your DagWallet, do not use the old wallet any longer as the whole community is moving to the new chain and it is wise to erase the old wallet once the migration is completed.   Let’s repeat this step-by-step: Back up your old Dagcoin wallet Download the new DagWallet Back up your new DagWallet Go to migration.dagcoin.org Fill in your old address and also new address Send the old coins to the Migration Assistant Wait for the new coins to arrive in 7 days Erase your old wallet     How do I access my WebWallet? Your old Webwallet is accessible from https://wallet.dagcoin.org/old. New Webwallet is on the old domain, https://wallet.dagcoin.org. Process to change the coins is same as for regular wallets, through Migration Assistant.   As a merchant do I need to do something with my DagPay or Merchant Finder accounts? In DagPay you just need to update your wallet address, everything else works perfectly. No changes are needed to be made in Merchant Finder. Important is to make sure you have the new DagWallet to be able to accept coin payments from customers.   What can I do with the old coins in the future? Absolutely nothing. You should change the old coins for the new coins, which you can start using with the merchants, do payments and make transfers. Also, there are lots of financial opportunities on the way to be utilized with the new coins.   When can we start exchanging on the exchanges – Swipex, Paygety and the exchange of DagUniversity? Paygety and the exchange of DagUniversity will start exchanging the new dags on Monday 14th of May. SwipeX will add new dags on Monday 21st of May.   I am stuck, I need help! Don’t worry! Send us an email to info@dagcoin.org and we will help you out.  

Dagcoin Wallet Update: v1.4.0-beta

Here are the updates of the latest version of Dagcoin's Wallet: v1.4.0-beta • Improved error texts • Added notification when the transaction gets confirmed • Restoring from wallet seed is no available without creating the fresh wallet • Multiple UI/UX improvements • New Address Book link added to the side menu • Contacts are displayed in two tabs CONTACTS and FAVORITES. Favorites contain only contacts that have respectful property • Added the possibility to add the address in Address Book by scanning QR code   You can follow the open source and updates here: https://github.com/dagcoin/dagcoin/releases

Why is Dagcoin not on the exchange yet?

THANK YOU for believing in our vision and being with us side by side - we really appreciate it very much, and we are grateful to have such great leaders in our company!  Since Dubai event we have received many questions from you regarding the exchanges. The most frequently asked question is: “Why is Dagcoin not on the exchange yet?”. We have stated, that DAG (dagcoin's ticker symbol) will go on the exchange on March 5. All was set for that to happen. Unfortunately, some unforeseen technical issues appeared and now we want to make sure that all these issues are fixed and tested before the public release. Please note: due to these delays, the "Merchants Event" is postponed to the later date.  As we all know, time is money. Therefore, while waiting on the exchanges, we didn’t stop working on countless improvements and enhancements. In fact, during this precious time we obtained Crypto Exchange licenses which are issued by the Estonian Government. Yes, now we have licenses that officially permit us to exchange cryptocurrency to fiat money!  About the exchanges: they will be up and running very soon and we will make sure that all merchants are set up correctly and ready to accept Dagcoins. Usability is the key - we are making sure that everything is in order.   Thank you all for understanding. Wishing everyone a wonderful weekend, and those who are heading to a Paris Tour - stay safe and enjoy the race! NB! Our licences: Swipex  1. Licence number FRK000053 - Providing a virtual currency wallet service. 2. Licence number FVR000071 - Providing services of exchanging a virtual currency against a fiat currency. Dagcoin  1. Licence number FRK000055 - Providing a virtual currency wallet service. 2. Licence number FVR000073 - Providing services of exchanging a virtual currency against a fiat currency. Stay tuned!

Dagcoin Wallet Update: v2.0.1-beta

Dear friends We have made an important update to the Dagcoin’s Wallet (DagWallet). For this update, we focused on making the wallet work faultlessly. After numerous tests, we fixed all the known bugs and errors of the first release so make sure to update your own DagWallet. Please visit our blog regarding the exchange of old coins to the new ones if you have not done so yet: https://dagcoin.org/dag-chain-update/ You can download the free DagWallet app here: https://dagcoin.org/wallet/ You can follow the open source and updates here: https://github.com/dagcoin/dagcoin/releases

Dagcoin's Breakthrough Year of 2018

Introduction The year 2018 has flown by at a fast pace but a lot was achieved. Overall, we are proud of how far we have come as a community. We have learned from our mistakes and embraced our achievements. But still, there is a long journey ahead of us. The goal is to do it bigger and much better in the following years. But for the time being, let’s take a moment and reflect back to Dagcoin’s breakthrough year of 2018. The team Our team has grown from around 30 people at the beginning of 2018 to more than 100 people now working on different parts of the ecosystem and platforms. Our main focus is on the development of technology and creating solutions for the community to increase the possibilities to use the currency. Even though right now is the time to hold your coins, we want to make sure that there are plenty of platforms and services to use once Dagcoin and the cryptocurrency sphere is more matured. The office We started the year 2017 from three smaller offices in Estonia – one in Tartu and two in Tallinn. In February 2018, the two offices in Tallinn were united into one 500 sqm office in the city centre. To ensure a solid flow and development of Dagcoin and its ecosystem, we took an additional 1000 sqm space in December where work started at the beginning of January 2019. This year we are looking to grow even more and we have already signed an agreement to add another 500 sqm space in the middle of the year. The growth in 2018 In general, 2018 was a horrible year for the cryptocurrency markets. Most of the popular cryptocurrencies lost 85% of their value, numerous currencies totally collapsed, and ICO projects failed due to mismanagement of the cryptocurrency assets. The “hype” turned into disbelief which definitely affected all coins, including us. The growth we expected for 2018 did not happen, yet we managed to grow our community from around 25 000 to more than 150 000 people. This clearly shows that despite the challenges we had during that year, people are still looking for better financial systems and possibilities. Dagcoin user community Our 6x growth last year has actually made Dagcoin one of the biggest cryptocurrencies out there. We are not big in terms of valuation yet, but what characterizes our community is a large number of coin holders with smaller amounts. There are holders with a little bigger amounts as well but the majority is very widely spread. Having the coins distributed widely makes the currency much stronger. When compared to those where the communities consist of investors with bigger amounts. Just waiting for the right moment to take out their profits. This kind of people have affected our community as well and caused confusion in others. But with steady growth and patience, we will always overcome them. Dagcoin merchant community During the summer of 2018, we started an incentive for the community where we reward them for growing the merchant community around the world. As a result, over 700 merchants have now signed up for the Dagpay platform. From the 700 companies, around 250 have created their profiles on the Merchant Finder. We are helping the other merchants to have their profiles completed as well, as the Merchant Finder is a superb platform for them to gain exposure and increase business revenue. Wallet Our wallet saw great improvements in 2018 as the design became much more user-friendly and reliable. At the beginning of the year, we faced a lot of issues due to the funding hub system which was required for normal use on the Byteball chain. After abandoning the Byteball platform and launching our own chain, the number of support cases dropped tremendously, which resulted in higher customer satisfaction. The key importance is the user experience which has to be seamless. As the CVO of Dagcoin, Kris Ress, very often says, the wallet has to be so easy that even our grandmothers could use them. When it comes to usability then less is more. Creating a very simple yet comprehensive solution always takes a lot of designing. New wallet Currently, we have two teams working on our wallet – one is making sure the current version is up to date and fix any bugs that may come up, and the other team is working on the new wallet - of which we showed a teaser at the Bali convention in October. The launch of the new wallet is planned in the second half of 2019. At the moment, we have a wallet for our mobile devices, desktops and laptops. In addition to this, we have a web based wallet as well. They will all be redesigned in 2019 - something exciting to be ready for! Compliance We have always drawn a lot of attention to the need of regulations in the cryptocurrency industry. As with crypto, we are talking about money, nobody should behave as in the Wild West. Dagcoin’s focus is on the global market, connecting people all around the world, therefore it is rather complicated to create a unified compliance system. Especially with today’s rapidly changing regulations. It is easier to focus on a small market but challenging to work on the solution for the global market. Legal team Even though there are not many visual results of the progress, the legal team has been tremendous as extensive work has been done. We have faced several challenges due to the changing regulatory situations in various countries. These changes very often have override our efforts in the respectable market, but we have been getting much closer to our goals. We were one of the first cryptocurrency companies that was given licenses from the Estonian government to operate a cryptocurrency business. Another advancement, which will definitely affect every member of our community, is the cooperation with one of the world’s leading identity verification companies. The verification process will be covered within a few minutes in the whole Dagcoin ecosystem. This makes the whole concept much more transparent and faster to use – both for the users and merchants. Core technology In May 2018, Dagcoin left the Byteball chain and moved on to DAG-chain developed by the Dagcoin team. Until that time, Dagcoin was an asset on the Byteball’s platform. The development decisions of that platform were very much controlled by the founder of Byteball. With all the platforms we are developing we needed to be able to sync with the developments of the core technology very often. Being the main developer gives the freedom to create and update additional products/features much faster and to create solutions others do not have yet. And this is the reason why we developed our own DAG-chain. It gives us the freedom to develop custom solutions benefitting our community the most. Surprising to see that there are already a few companies who have copied our chain and wallet and started their own cryptocurrency. It is important to understand that proper technology is just one part of a currency. The concept and approach play a very big role as well. Major upgrade Furthermore, there is much room for improvement in technology as well. Until the second half of the summer of 2018, we were very actively recording our progress in GitHub. The team on the core tech has been working on a major upgrade since the summer which we hope to release in the second half of 2020. As the upgrade is still in research phase by our scientists group, the specifics of the technology will be revealed to the public at a later stage. The purpose of the upgrade is to increase the reliability and capability of the chain, advance the identity management layer, add transparency and further compliance layers. New platforms In October, Kris shed some light on the projects that are in development by the Dagcoin team. More details on this topic will be revealed at a convention in Dubai in the end of February 2019. Kris will give insights on what more is coming, what is the progress with certain platforms and features, and what we can expect in the future. The importance of developing such an ecosystem is to ensure that the foundation for this currency is strong and the community has the services and products they want to use. We can fulfil the mission of disrupting the financial world by becoming one of the fastest and most easy-to-use cryptocurrencies in the world. After the Dubai convention, we will make a summary of the future developments and partnerships here on our blog. Cryptocurrency valuation concept We would like to emphasize here that there is no clear regulation what exactly a cryptocurrency is – is it centralized or decentralized, is it built on blockchain or some other distributed ledger tech such as dagchain, does it have an open source code or not. Therefore, nobody can say what is right and what is wrong. What can be said is that we want to create a stable payment system with near instant transaction speeds and unnoticeably low transaction fees. A system people can rely on and use for their everyday transactions. The price of such a currency is determined by the people using and holding it, merchants accepting it, and the ecosystem surrounding the coins. Once this currency has gone viral, the valuation can be based on everyday exchange value. Until that time, it should be based on stable fundamental parameters. Response to valuation concept Such concept met a lot of support from the more active members of our community. The volatility of the manipulated currencies has been a show stopper for a lot of people, merchants, and institutions. For more passive members of the community this concept has probably not sank in yet, but as we speak and explain it more and more it becomes clearer. Especially when hearing about situations happening with the prices of other currencies, it makes a lot of sense. Of course, there are people whose only goal with a cryptocurrency is to invest money, profit and take money out. If they are trading, they say our system is wrong. If they do it long term, they understand that Dagcoin is the perfect coin to hold long term. Dagpay Probably one of the key components of the Dagcoin ecosystem is the Dagpay platform which saw loads of improvements and developments during 2018. Starting from the complete user interface overhaul, extra features were added to the platform. Merchants could start sending out email invoices to customers which can be conveniently paid with one click. They could integrate a plugin into their online shop on the WooCommerce or Magento 2 platform within a few minutes allowing to accept dagcoins from the customers. Merchants could start keeping track of every transaction and use them to advance their business even further. Major ongoing and future upgrades and developments will be covered at the Dubai convention in February, 2019. Dagcoin on public exchange Initially, in 2017, we had a plan to take Dagcoin to different public exchange platforms as this was the standard in creating a cryptocurrency. As a new currency with a new technology, several exchange platforms looked at us skeptically and were not interested in listing us before we had proven ourselves. This was the time of the biggest cryptocurrency bull run ever. Exchanges had thousands of applications from different currencies that were either clones on the bitcoin blockchain or tokens built on Ethereum. So the exchanges were not going to put in the effort to do the custom developments that were required for our currency as it was not financially reasonable for them. The other coins were already using familiar technology. During that period, we realized how much manipulation is happening on these platforms with the trading of coins. We felt it was a good thing we’re not listed. The solution was to be listed on smaller exchanges where the majority of speculators and manipulators are not present. So the community could exchange fiat currencies to cryptocurrency and vice versa. Our own exchange In addition to this, we decided to create a platform ourselves which would be extremely easy-to-use. Unfortunately, our inhouse development team was completely busy with other developments so we had to hire another company to create the exchange. This cooperation quickly became one of our biggest headaches as they had a delay of nearly 6 months in delivering the ready platform, which even then was full of errors and bugs. Once we had assigned our inhouse team on the exchange, we managed to build it from scratch and get it properly running from the beginning of September 2018. Since then people have been exchanging between euros, dagcoins, and bitcoins with nearly zero commissions fees on trades. From the launch, the team has been working on improving the back end, trading engine, and on the final simple solution which is the end goal of SwipeX – extremely user-friendly currency exchange. Biggest challenges of 2018 All in all, 2018 was a great year of learning and growing. Some things worked out exactly as planned, some things went unexpectedly well, and some things were a disappointment. On the development side our biggest lesson is to have more time. We want to create an incredibly big and strong ecosystem for the currency as fast as possible. This means that the schedule for releases is very tight. Sometimes even the smallest hiccups might interfere with the schedule and cause delays in processes, which in turn end up delaying the whole release. We are taking it a little bit slower now to have more mercy time in case of unexpectancies. There will always be unexpected obstacles when creating something completely new. A factor which has slowed down our growth and several partnerships, is the carefulness of the banks. Extremely strict KYC and AML regulations have made banks super cautious when it comes to anything related to cryptocurrency. This has caused very long delays in working with partners, corporations, and government departments. Fortunately, this is a passing scenario as more regulations in the industry will settle the terms when conducting business related to cryptocurrency. Biggest lesson from 2018 The biggest lesson from 2018 is understanding the mentality of people in the cryptocurrency sphere. There is a group of people who are in it for the short-term gain and do everything possible to benefit from the market. The mentality that crypto is a financial instrument and meant only for buying and selling is promoted very strongly. This has harmed the whole industry and affected us as well. Supporters of other currencies have been pointing fingers and saying we are wrong because we do things differently. This is actually jealousy and ignorance – we are doing things differently from the way that is simply not working. Hopefully, 2019 will set things straight and make people understand that cryptocurrency is meant to be used as money. It’s main purpose is not to be used for trading. It is very welcoming to see that some people in the whole crypto community have already started to support and spread this message, in addition to our community. A more serious note We have received information about people who try to harm the project by spreading false rumors and information, blackmailing and cheating people by either getting them into selling the coins for a very low price or straight up scamming them out of their coins. Most of these actions classify as financial crime and will be treated as such. We encourage you to always send us information when something like this happens. We will help to take preventative measures against such situations and bring those people to justice. Have a question? Get in touch!  

The Chinese government is planning absolutely crypto-based tourist city

Cryptocurrencies are making an ever-increasing presence in e-commerce and the global economy. There are several developed cities in the world that have crypto-friendly business environment. San Francisco, for instance, can be considered the topmost city in crypto turn over. It has about 60 crypto ATMs and more than 100 retailers that accept crypto. Several cryptocurrency and blockchain companies including Coinbase are based in San Francisco. New York City also has a favorable condition for cryptocurrency transactions. It has over 100 retailers that accept Bitcoin and there are around 150 crypto ATMs in the city. Zug, Toronto, Jacksonville, Buenos Aires, Singapore, Amsterdam, and Hong Kong are among other cities in the world that crypto lovers will find a great taste. But what about a city where the economy is absolutely crypto-based? Although sounds insane; Chine government is planning this kind of creation. Governments are giving emphasis on blockchain to boost tourism in cities. Malacca city, the capital of the Malaysian state Malacca, has already gained popularity for crypto businesses. Now the Chinese government is planning to turn 835 acres off the shores of Malacca into a city built with crypto technology- the Melaka Straits City. If the plan works out properly, it would be the world’s first ever cryptocurrency-based city. What to expect in the crypto city Blockchain technology will be used to build the city’s infrastructure and a new coin reportedly known as DMI coin will be created to make transactions on the DMI platform. There will also be an exchange where people can convert their fiat into DMI tokens. The project will be implemented jointly by SWT International Sdn Bhd, an investment network, and China Wuyi, a construction and engineering firm. According to Lim Keng Kai, the project’s CEO, the company has already got the government approval to remediate the land and is planning to use leading-edge blockchain technologies to make the city a tourist hotspot. In the initial phase, around $120 million will be spent and subsequent expenditure will depend on the business demand. The main construction area will be about 365 acres of reclaimed and an additional 200 acres will be reserved for water recreation systems and chalets. A reputed financial portal FX Empire reported in a post that the developers want to make the city a leading tourist attraction in Malaysia. Melaka Straits City is expected to attract 3 million tourists every year that will be accommodated by 100 villas and 5 boutique hotels. A conference centre that can handle 20,000 visitors will meet the need of corporate firms for annual events. Also, tourists who are fond of aquatic recreations will find a water theme park that the project CEO claims to be the largest in Southeast Asia. A variety of other recreational facilities including tennis courts, golf courses, concert halls, and cycling will be available for people of different ages and mindsets. Educational institutions are also proposed for local settlers. Above all, making the city cryptocurrency-based is the ultimate priority. The technological innovations will be integrated with existing infrastructure to make the city a smart one. Safety and security management will also remain in the focus of the developers. To buy products or services, visitors will have to turn their fiat money into crypto. Retailers and service points will have a special QR code that the tourists can scan for payments. Keng Kai claimed that this kind of mobile banking will add speed to the economy because each transaction can occur in a matter of seconds. The transaction data will be stored in the DMI blockchain from where any issues that might arise can be solved. More cities are experimenting with crypto-based economy Malacca city is not the only city to bet on crypto to boost its economy. Liberstad, a Norwegian city, is experimenting with its own virtual currency known as “City Coin”. It is now usable only within the city for the purchase of daily needs. Dubai, the most luxurious city in the world is also planning to adopt crypto widely. The government of the UAE is aiming to make more than 50% transactions blockchain based by 2021. A technological modernization project, known as “Smart Dubai” has prompted this extensive adoption of blockchain technology.

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Dagcoin Gift Card - A Perfect Christmas Gift

With the holiday season fast approaching, and many brick and mortar stores closed due to the effects of the COVID-19, we’re sure that many of you are struggling to find the perfect gift for your friends, family, and loved ones. Even without the pandemic bearing over us this winter, attempting to find the perfect, personalised gift for certain people can often prove to be a gargantuan task. It’s for these reasons that gift cards prove to be so popular. They enable the receiver to get whatever it is they’d like, and relieve a lot of unnecessary stress on the buyer.  You’re probably wondering what on earth gift cards have to do with cryptocurrencies. For those of you in the crypto sphere, the advantages of cryptocurrencies are clear, but it’s fair to say that the majority of the population is still very cautious about using them. The Dagcoin gift card gives your chosen person/people that helpful little nudge to give crypto a try and see it for themselves, but it doesn’t stop there… Getting Started Is Easy A quick google search of “how to buy cryptocurrency” will result in a long list of crypto exchanges, many new and confusing terms and worst of all conflicting information on how to get started. This is made worse by the most popular YouTube how-to videos on the topic being well over 30 minutes long. One of the main obstacles to getting started and mass adoption of cryptocurrency, in general, is the complicated process to acquire it. You need to choose which cryptocurrency you want to use, the exchange you wish to buy from, sign up and set up an account with them, choose the wallet you wish to use (and there are many), verify your identity and configure your security settings, to name but a few. And it’s very fair to say that it is a daunting process and amount of information for any newcomer, no matter how keen they are. The Dagcoin gift card is the perfect entry point for those who are completely new to cryptocurrencies because it removes almost all of these complicated steps. When your chosen person receives their gift card all they have to do is redeem it, download the DagWallet and they are ready to start spending, saving or earning (Dagcoin Grow) their newly acquired dags. Suitable for Any Occasion There are so many occasions to give a gift. A birthday, Christmas, wedding, graduation, valentine’s day, to name but a few. And finding a suitable present can always be a bit of a minefield. The Dagcoin gift card is a suitable present for any occasion for a number of reasons. You may have a friend, family member or work colleague who is interested in cryptocurrency but hasn’t got started yet. The gift card is, therefore, a little nudge in the right direction and a risk-free way for them to give it a try. We all have friends and family who live far away, and who we may be unable to see in person this festive season. Sending gifts internationally is very expensive, as is transferring them money. Because the Dagcoin gift card is virtual – the physical card is coming soon – this means that you can send the gift to anyone, anywhere in the world, and at any time – even at the last minute! A regular gift card locks you to a certain store, it could be a clothes store, tech store, grocery store, etc. There are nearly 1,000 businesses around the world who accept Dagcoin as a payment method. This means that the receiver of a Dagcoin gift card has an incredible amount of places to spend these on whatever it is they may like. And last, but not least, they can exchange these dags back to the currency of the nation they live in if they wish, but of course, we would not recommend that! A Gift that Grows in Value In the UK, of the £6 billion worth of gift cards bought each year, around £300 million are never redeemed. The biggest reason for this is that the expiry date or period is often not well advertised and different companies offer different periods – some as short as six months, but most not exceeding one year. I am sure I am not alone in having had a number of gift cards expire before spending them. This is why with the Dagcoin Gift Card we have made the unprecedented step of creating a 50-year expiry date. This means if it accidentally ends up at the bottom of a drawer, falls down behind something, or life is just too busy to redeem your dags, you can still do this many months or even years later. With the value of dagcoin steadily increasing in value, this is a gift that could easily change someone’s life in a dramatic way down the line. The Dagcoin Gift Card is available in both physical and digital forms, and can be purchased with most standard credit or debit cards. If you’d like to purchase your first Dagcoin Gift Card in time for the holidays, simply head to https://giftcard.dagcoin.org/ to get started! 

DagWallet or WebWallet, which is best for you?

For those of you that are new to Dagcoin or perhaps cryptocurrencies in general. Deciding which Dagcoin wallet to choose might seem a bit confusing. Thankfully, in this week’s post, we will talk about the two different Dagcoin wallets, their advantages and disadvantages, as well as (most importantly) help you to decide which is best for you. But let’s start by learning a little about crypto wallets in general… What is a Crypto Wallet? We all have wallets and purses, where we keep our cash and cards. Crypto wallets serve exactly the same purpose, providing a safe place to store and access our money. Allowing us to buy goods and services, as well as transfer money to family and friends quickly and easily.  Where they differ from a regular wallet, however, is that no money is actually stored in a crypto wallet. What they do store are unique keys that are used to communicate with the blockchain (or similar technologies such as Dagchain). It is from these that you can make transactions or check your balance.  Broadly speaking, there are three main types of cryptocurrency wallets: Online Wallets – These are wallets that store your unique keys in the cloud.  Mobile or Desktop Application – These apps store the keys solely on your PC or mobile device. Hardware Wallet – These store the unique keys completely offline in devices similar to USB sticks. Below we will discuss the two types of crypto wallets provided by Dagcoin. The DagWallet, which is a mobile/desktop application, and the Webwallet, which is an online wallet.  DagWallet The main aim of Dagcoin is to provide a digital currency that is as useable as possible and accessible to everyone – especially those on the lower end of the economic ladder. That is why the free DagWallet application can be downloaded on both Android and Apple mobile devices (via the Google Play and App Store, respectively), as well as on Windows, Apple, and Linux PCs.  The Android app works on devices from version 5.1 up, meaning that almost all smartphones developed after around 2014 or so, should support the app. As for Apple, any device from the iPhone 5 up will run the app. This means that it is possible to use DagWallet on cheap and old second-hand devices that can be bought for as little as $10.  It is great to say that DagWallet is available and accessible to so many people, but what does it actually do? As described above, it is an app that enables you to check your balance, transfer money, and even buy products from a shop or café in person (if they accept Dags), all from your mobile device. This makes DagWallet a digital wallet that you can carry in your pocket.  However, unlike a regular wallet, where if your cash is stolen, it is gone forever, if thieves steal your phone, they will not be able to access your DagWallet or use your money. This is because only you hold the passwords to access and use your Dags. This makes DagWallet even safer than credit and debit cards, which can often be used to buy things online or make small purchases in person without a pin code or other protections. You also don’t have to wait many days or weeks to get access to your DagWallet again if your device is stolen, all you have to do is download the app to a new device, log in, and you are good to go.  Because your unique keys are stored on your device, this makes it very safe. However, there is one small downside — you can only access your Dags from one device. But what if you want access to your money from multiple devices or you don’t have your own smartphone, tablet or PC, or your device is shared by everyone in the household? We have a better option for you… WebWallet Where the WebWallet differs from the DagWallet is that you can access your Dags from any internet-enabled device, at any time. This is because the WebWallet stores your unique keys in the cloud.  This is the perfect choice if you have multiple devices you want to use to access your money. For example, your smartphone, laptop, and work PC. Likewise, if you do not own a compatible device yourself, this can be shared by your entire family, or even by your whole community.  Because the WebWallet can be accessed from any internet-enabled device, this gives people in the poorest and most remote regions an alternative to cash for the very first time. And this is more people than you may think. In 2019, more than 2 billion people around the world still didn’t have access to a bank account, equating to a mindblowing 1 in 4 people. The WebWallet doesn’t just provide an alternative to cash, it is also a safe place to save money and earn interest. But best of all, both the DagWallet and WebWallet can be used to help people build a credit history.  The only small downside to the WebWallet is that because your unique keys are stored in the cloud, they are slightly less secure than if they were stored on an individual device, which is what the DagWallet provides.  Which Dagcoin wallet is best for you? To make this choice easier, let’s break it down into a few categories: Security – if you want your money to have an extra layer of security, choose the DagWallet.  Use on Multiple Devices – If you would like to have access to your Dags using multiple internet-enabled devices, choose WebWallet. You do not have your own smartphone, tablet or PC – choose WebWallet  You want to make in-store purchases – choose DagWallet Best of all, whichever Dagcoin wallet you choose, it is free to download and use. In turn, with each transaction taking just 10 seconds (wherever it is sent in the world) and costing just 0.0005 Dags, you have access to a much faster and cheaper alternative to the regular banking system. To download your Dagcoin wallet, click here. Alternatively, if you would like to learn more about getting starting with Dagcoin, read our how-to guide. Join a growing community of nearly 600,000 people using Dagcoin.

10 Key Crypto Terms You NEED To Know

New to the world of crypto? Just like any new field, there’s bound to be some jargon you don’t quite understand just yet. Fortunately, we’ve got you covered. Here’s some terminology that’ll prime you for any conversation you may have with friends about the world of cryptocurrency! The basic glossary E-wallet – also known as a cryptocurrency wallet. It is a software you can use in your smart device that interacts with blockchains (or in our case, the DAG-chain) enabling to exchange cryptocurrency and check their values.   Blockchain – the vast majority of all cryptocurrencies (like the ever-popular Bitcoin and Ethereum) are based on this digital platform. Simply put, it is a public record of all transactions ever made with a given cryptocurrency.   DAG-chain – an alternative platform to the blockchain. Used by cryptocurrencies such as Dagcoin and Byteball. Enables faster transactions and cheaper transaction fees.   Mining – used by several cryptocurrencies (e.g. Bitcoin) to validate transactions on the blockchain. Validation can earn users more coins. Peer to Peer – also known as P2P. In simple terms, it’s a network of users that interact with each other, to enable downloading, exchange of information or even cryptocurrency transactions.  Altcoin – often used as a term for any cryptocurrency that is not mainstream, often anything that is not Bitcoin.  Pump & Dump – a cryptocurrency receiving a lot of attention, leading to a lot of exchange, which leads to an increase in value, often followed by a crash. Node – a computer that maintains a part of the blockchain. Whale – a person or entity who owns a very large amount of cryptocurrency.   FIAT currency – a currency that is issued by a government or an institution such as the Euro or the USD. Cryptocurrencies cryptic no more Dagcoin is changing the cryptocurrency field into something more open and freely accessible to all, meaning less fuss about terminology as well.  If you want to find out more, check out how to get Dagcoins

5 Benefits of Using the Dagpay Point Of Sale App

We wrote back in August about the release of the Dagpay Point Of Sale App. Since its release, the number of businesses accepting Dagcoin as a payment method has more than doubled. And, in no doubt due to the success of the App. But what does it offer you and your business? Before we dig deep into the benefits the app can bring your business. If you have not heard about it before, here is a little introduction to the App: The Dagpay Point of Sale app is a dedicated Android app for businesses that makes it possible to accept Dagcoin payments at your store, salon, restaurant, gym, etc. The App can be easily downloaded for free from the Google Play store and used on any Android device (an iOS App is coming shortly). And, not only is it free to download, but it is also free to use. Therefore you don’t have to worry about monthly subscriptions or hidden fees. But the cost benefits don’t end there, let’s find out more… Cheap to Set Up For anyone who currently owns a shop, café, gym, or salon or is thinking about setting one up. You know how expensive a cash desk or computer payment system can be. With the Dagpay Point of Sale App, all you need is an Android phone or tablet and you are ready to start accepting Dagcoin payments. Because most people own a smartphone or tablet this gives many individuals and small businesses in the developing world an alternative to cash payments for the very first time. Not only is it free to download and use (no subscription fees), it is much more secure than holding all your takings in cash. For other businesses, this makes Dagcoin a cheap way to introduce and integrate a new payment option on top of existing cash and card payments. Easy to Use Using the app couldn’t be easier, all you need to do is enter how much the customer has to pay. The app will then generate a unique QR code. All the customer has to do is scan this code with their smartphone or tablet and the payment is then processed. At this point, you will see feedback on the status of the payment. But you won’t have to wait long for it to be done (about 30 seconds). As soon as the payment is complete you will have the option to send the receipt to the customer’s email address – should they want it. The biggest benefit to this ease of use is that all of this takes just 30 seconds. The same amount of time to process a debit or credit card payment! Accurate Record Keeping Not only does the Dagpay app provide a fast and easy way to accept Dagcoin payments, but also a detailed history of all transactions. This makes record keeping much easier. Maybe you want to see if more customers are using Dagcoin as a payment method, what percentage of your sales are done with Dagcoin, or what affect this is having on your business as a whole. Keeping a digital record of all transactions can be life-changing too. For businesses that have only accepted cash until now. Accepting Dagcoin gives you a digital record of your transactions for the first time. This record could be used to get a loan from a bank. Perhaps you want to buy more stock, start a second store, or grow from a local to regional business, or even a national to international business. Having this record of incomings and outgoings could be the proof of income you need to gain the finance required to grow. Integrates with Existing POS Software The benefits of accepting dags are clear if you have a small business, such as a single shop, café, or market stall. You can buy or use your own android device as a way to accept payments. But what if you have a bigger business with many locations? In this situation, you will probably have your own Point of Sale system already in place. Staff who are trained to use it. And, with all your figures in one system, a straightforward record of transactions for your accountants. Therefore, buying Android devices for each location, training staff to use them, and getting accountants to also process payments from Dagpay system just adds too much time, and as a result expense. It is for that reason we are in the process of creating POS integrations that will allow you to seamlessly integrate Dagcoin payments into your existing POS software solution. So watch this space! More Customers Despite the occasional good month, footfall in shops has seen a slow and steady decline since the 2008 recession. For example, between November 2017 and 2018 footfall in UK shops fell by 3.2%. Although some may place part of the blame for this fall on Brexit, and the continuing effects of the recession. The bigger effect is the increase in online shopping. So the big question here is how do you keep or even increase the number of people in your shop despite the lower numbers as a whole. One answer is to open yourself up to new markets and users. Dagcoin currently has 400,000 users and that number is growing each day (just one year ago this number was 150,000) By accepting Dagcoin, you are potentially opening yourself up to thousands of people in your local area who may start using your shop, café, gym, salon, or market stall. Conclusion Accepting Dagcoin as a payment option in your shop, business, café, bar or salon couldn’t be easier. All you have to do is download the POS App from the Google Play store (an iOS App is coming shortly) and you are good to go. The fact that the Dagcoin Point of Sale App works on any Android devices makes it incredibly cheap to start accepting Dagcoin payments (free if you already have a device). In turn, because Dagcoin payments can be processed so quickly (around 30 seconds) using the app makes accepting a Dagcoin payment just as fast and easy as a debit or credit card payment. Not only that, because all transactions are stored in the app this allows you to keep an accurate record of all sales and purchases. You can use this information to better understand your business, or as proof of income if you are seeking finance from a bank. If you already use POS software, you will soon be able to integrate Dagcoin payments into that system too. But last but not least, accepting Dagcoin opens up your business to a growing community of more than 400,000 people using the coin. The new customers you gain could be just what you need to take your local business national or national business international. We believe in you! Join a growing community of over 1000 businesses accepting Dagcoin.

Dag Tech Day: Step on the future train, we’ve got some news!

Were you with us on this week’s Dag Tech Day? Yes? Then you already know what we are about to dive into. No? Then buckle up, as we have some surprises in store for you! If you’ve been following the journey of Dagcoin, you know that an important part of our mission is to secure financial services for those who need it the most. There are about 2 billion people in the world who do not have access to traditional banking. Therefore we find ourselves in a situation where a critical mass of the world’s population cannot deposit or purposefully use their finances. There are too many countries that suffer from inflation or even hyperinflation. In some cases, economies are going back to barter trading due to lack of faith or lack of value in traditional currency. There are too many people and businesses, potential unicorns suffering because of these issues. And yes, we know we are in the long run here, but it’s our mission to solve these problems and provide a better standard of living for everyone, no matter where they live in the world. In 2017 we began with Dagcoin with the aim of giving the world what we believe it needs: a reliable, everyday cryptocurrency. An easy to use cryptocurrency which would give billions of people the possibility to store and use their money in an accessible and affordable way. Just like money, just like banking - but faster, smarter and without any middlemen.  During this challenging year of 2020, a lot has shifted. The wish for a change in the financial world has emerged into a need for transformation in the industry. We as well have come to a point in our journey where we see that adaption to this new world is necessary. Over the last six months, we have been in contact with countless external parties, such as governmental entities, financial institutions, exchange platforms and different business establishments, all of them interested not only in our digital currency and the ecosystem concept, but also in our proprietary technological developments, with e-governance perspectives, and legal experience. What we have come to understand through these exchanges, is in order to secure  these joint projects and collaborations and grow as a community, we need to bring about some changes. Dagcoin is currently in the phase of distributing its coins — 9 billion  in total. The community as well as the value of the coin have been growing steadily. By now, around 2.65 billion coins have been distributed, including those reserved for the company. So what do these numbers tell us? They tell us there’s still a long way to go before all are distributed and we’re ready for the usability phase. Yet, the changes and challenges people have seen this year worldwide demand an accessible and easy to use digital currency like Dagcoin to be out there and usable as soon as possible. So that’s what we’re intending to do! We’ve decided to establish a new limit on the coins that will be distributed through our referral program. This will now be fixed at 3 billion in total which means only 350 million coins are left to distribute, and then, we can finally go to the next phase. The remaining 6 billion coins, which are not going to be distributed, will be used in what we call the Usability Partnerships. Meaning they’ll be available for the next 2 years for a limited number of activities by the company as previously mentioned: partnerships with governments, exchanges, e-commerce platforms, global businesses, charities, green initiatives, token projects, etc. The aim of all of this is to bring wider usability to Dagcoin. It also means that these coins will not be added to circulation unless they come through added usability for the community. After the 2-year period, all unused coins will be burned — something that will be visible to all. It’s important to keep in mind that this is especially beneficial for the community who already owns dagcoins! On one hand, successful completion of international projects, for which the frozen coins will be used, will have a positive effect on the credibility and the usability of the coins. On the other hand, once the leftover coins are burned, the value of the coins in circulation will grow. So taking all of this into account, we truly do believe that bringing the usability phase closer is definitely the right thing to do. After distributing the last 350 million coins, there will be no more coins going out without usability. The preparations for this are almost over, with less than 12% to distribute. Once that happens, we’ll be entering the next phase of the Dagcoin (r)evolution. It’s always been our dream to bring Dagcoin to wider communities and have the world benefit from the usability that comes with it. The ongoing year has increased the need and the desire to reach this destination sooner rather than later. The ongoing distribution would hold us back from achieving this. By limiting the inflow of new coins and partnering up with third parties, the situation will change rapidly, and this is something the whole community will benefit from.  With outside help and a push from our side, that dream is now a little closer to reality. So let’s go and spread the news together. Welcome to the future! If you’d like to hear and see the news being brought to you by our founders Kris and Nils - click on the video below. Other important topics being discussed are Dag cards, identity verification systems, Dag Grow and Decentralised Finance aka DeFi. Tune in and see you next Saturday, 21st of November at 6 PM (GMT +2).

Insurance Packages: Coming Soon to Dagcoin

A few years ago, a man went to the US on holiday. During the trip, he was hit by a car at a crosswalk. He broke his leg in multiple places, the break was so bad that he required an operation and a number of days in the hospital. Although this was not what he had expected from their trip, he got the treatment they needed, and even a first-class upgrade on his flight home. However, this would have been a very different story if he didn’t have travel insurance. One simple $15 policy saved them over $60,000 in medical bills. This story shows the importance and essence of insurance, and how our lives and health are the most important things to us. Insurance provides us with the reassurance that even in the worst situations, everything will be alright for us and our family members. That is why during the next 1-2 years, we are planning to announce different insurance packages that can be bought using your dags. These will include the following 3 kinds of packages: Health Insurance No matter how young or healthy we are this can all change in an instant. And gaining access to the medical services we need could be very costly indeed. For example, should my friend have not had insurance, finding the necessary money to pay the medical bill would have likely meant selling their apartment or taking a large loan. Something none of us would want to do for something as simple as a broken leg. However, for many, although they may recover from their injury or illness, the financial burden of it remains. In the US alone, more than 62% of all bankruptcies are as a result of medical bills and health issues. Most of which could have been avoided with adequate health insurance. Another major implication of illness or injury is on our ability to work. Work is how we pay the bills and feed our families. Not being able to do that anymore has a huge effect on our finances and mental well-being. Even in countries with very good social welfare systems, you may likely only receive a fraction of your previous salary in government-paid benefits. Health insurance not only covers medical bills should you get sick, but it also provides you with cover for lost wages if you are no longer able to work. Providing reassurance that you have the money you need for you and your family even in the worst circumstances. Dagcoin Health Insurance will give you financial security should you have an accident, illness, or no longer be able to work. Protecting you and your loved ones. Travel Insurance When we go abroad, no matter if it is on vacation or for business, we want a hassle-free and enjoyable trip. And this trip often starts at the airport. Flight cancellations and lost luggage are more common than you think. Imagine arriving back home a couple of days later than planned due to a technical problem with a plane and ongoing missed connections. Arriving at your destination late can have all kinds of implications, from cutting short your trip, to missing meetings, or even needing to cancel it altogether.  Losing your luggage can have all kinds of negative consequences too, from only having the clothes on your back, to not having the equipment you need to do your work or take part in booked activities at your destination. Travel insurance provides you with peace of mind that whatever happens on your trip you are covered. For example, if your luggage is lost you will be reimbursed for any new items you had to buy. The same goes for any additional travel or accommodation charges that you might experience as a result of delays or cancellations in your journey.  Despite the clear benefits of travel insurance, it is something most of us leave to the last minute - if we buy it at all. Dagcoin Travel Insurance will cover all sorts of expenses connected to travel - from flight disruptions to luggage issues. Allowing you to sit back, relax and enjoy your trip, even if it doesn’t quite go as planned. Life Insurance  If there is one topic that most of us don’t want to talk about, it is our own death. But not being prepared for it - regardless of how young or healthy we are - can have huge implications for those around us. Without life insurance, simply being able to pay for your funeral could be beyond what is affordable for your family. Especially if you or they have very little in the way of savings. But the costs surrounding your death are just the beginning. If you are the breadwinner in the family, would they be able to cope without you? Would they be able to continue paying the bills, buying food or living in the family home? Even though life will never be the same without you. Life insurance removes the worry of money for your family. Policies usually cover things such as funeral costs, future lost earnings, and mortgage payments. And are normally paid as a lump sum. Dagcoin Life Insurance will give you peace of mind that money will not be a worry for your family if you pass away. Conclusion Our lives, health and families are the most important things to us. Despite this, many of us take the risk of being uninsured. Maybe because we see ourselves as young and fit, or insurance as something we will get tomorrow or on our next payday.  However, should something go wrong when we are uninsured, the consequences could be huge. From not getting the medical treatment we need to leaving our families struggling to get by should we pass away unexpectedly. That is why at Dagcoin we are in the process of building insurance policies that you can buy with your dags. To ensure that no matter your situation you will have the cover you need. Within the next 1-2 years you will be able to buy the following kinds of policies: - Health Insurance that will cover medical bills should you get sick, as well as cover any lost earnings if you are unable to work. - Travel Insurance that will cover you from the implications of delayed and cancelled flights, as well lost luggage - Life Insurance that will cover funeral expenses, as well as future lost earnings.  We will be announcing more products and features in the coming months. Join a community of more than 500,000 people already using Dagcoin!

Dagcoin 2020 Year in Review

2020 saw many changes for the wider Dagcoin ecosystem. From exciting updates on existing platforms to the launch of brand new ones, it's been a bumper year for the Dag-family. This year alone has seen a staggering number of dagcoins distributed to both new and existing users, resulting in almost three billion coins (~2.7B) in circulation. We're also thrilled to announce that over 130,000 new dagcoin users have jumped aboard since the start of 2020, as well as around 800 new merchants now officially accepting the currency in-store. Beyond this, we've launched a variety of new platforms that all accept dagcoin. Some of the highlights include Dagmarket Jobs, a new job listing platform allowing skilled workers to provide services to anyone that needs it in exchange for dagcoins, as well as TwiceDice, a new online casino and betting platform which utilises Dagchip — a digital chip that exists alongside Dagcoin! That's not all though! For the full lowdown, including all the exciting developments for merchants, check out the video above, and don't forget to keep your eyes peeled for all of the exciting things to come this year — 2021 is going to be even bigger!

One step closer! Estonian formula driver Jüri Vips heads to the Turkish GrandPrix

What wonderful news for all Estonian formula fans! Our own Jüri Vips, aged 20, has gotten ahold of his FIA Super Licence and will be taking part in the Turkish GrandPrix this upcoming weekend as the reserve driver for AlphaTauri and Red Bull. This goes just to show that the young Red Bull Junior Team driver Vips is on the right path in fulfilling his dream of becoming a fully-fledged F1 driver. The reserve driver position by the AlphaTauri and Red Bull team means that Jüri now has a chance to really race on the F1 track. This includes taking part in the free practice, however, if any racers are affected by COVID-19, Jüri will have the opportunity to get behind the steering wheel himself. Due to the circumstances in 2020, FIA decided to change the Super Licence points scoring system. Now drivers can acquire points for the licence from the last four seasons rather than the earlier three. 40 Super Licence points would make a driver eligible for Formula 1 and three best out of four seasons, that include 2020, will be considered. Also, drivers who have not gathered 40 points due to circumstances out of their control will still have the opportunity for their case to be considered by the FIA. This means that those who’ve scored a minimum of 30 points and have consistently demonstrated outstanding driving ability in single-seater cars are able to apply under this new regulation. In addition to the points requirement, the driver also has to have at least 300 km of driving history in an F1 machine. Thanks to the immense support of Red Bull, Jüri just broke through the 300 km mark on the legendary Silverstone track in the UK, and has 32 driving points in total, so the road to the FIA Super Licence was well paved. Marko Asmer, a former formula driver himself and now responsible for the wellbeing of Jüri, said getting the Super Licence seems easier than it really is: ”It is not just a simple application. It is foremost a good driver, financial support, a lot of paperwork with different institutions and connections, even just to get your driver in a F1 car”.  But nonetheless, Jüri’s proven his mettle,  and the Austrian lifestyle brand has shown just as much as faith in him as we have over here in Estonia! We couldn’t be happier for Jüri and his whole team, and we’ll definitely be anticipating everything that’s about to unfold from this weekend onwards. Stay tuned, as there’ll be a lot to hear from Vips and Co!

How does Dagcoin and V-ATM Benefit Merchants?

2020 was a turbulent year to say the least. However, as 2021 dawns, so does the hope of a slow return to normality. The beginning of the year is always important for businesses, with January sales a big part of that. Did you know that on average consumer spending in January is higher than in December? In this blog, we have talked about the many benefits of accepting Dagcoin as a payment method and how it can help improve sales, including: The free Merchant Finder tool that provides free advertising for your business to a growing community of more than 500,000 Dagcoin users worldwide. The free Point of Sale (POS) app that makes it possible to accept Dagcoin payments in your shop just as quickly as card payments. The free Webshop Plugins that make it possible for you to accept Dagcoin payments quickly and easily at your online store. The free email Invoicing tool that enables you to create and send invoices in seconds, and get paid in the same timeframe too. In this article, we will talk about yet another benefit of accepting Dagcoin, V-ATM! But what is V- ATM and how can it help you improve sales in 2021? Let’s find out… What is V-ATM? Put simply, V-ATM is a Virtual ATM that allows you to sell Dagcoins to your customers so that they can buy products from you at a discounted rate using Dagcoin. Where this gets good is the fact that we will reward you in Dags and Euros for selling the coin. This means you will get paid twice, once from the customer and once from us. Giving you the opportunity to offer your customers discounts that your rivals won’t be able to compete with, even the big boys. This is a real win-win for everyone involved. You will attract more customers by offering bigger discounts and earn twice (from us and them). Your customers will get a fantastic deal too, which will make them want to use you again, and Dagcoin will get more users. Moreover, your customers will be buying Dags from you at the current exchange rate. Making your V-ATM a fair place to buy Dags, adding further to your trustworthiness as a retailer. Interested? Keep reading… How it Works – For Merchants Signing up to V-ATM and offering discounts to your customers is a simple 3-step process: Step 1 – Signing up As with almost anything these days, the first thing you will need to do is sign-up online. To do this you will need to go to the Dagpay page and login to your account (if you don’t have Dagpay yet, don’t worry, you can also sign-up here too). Once you are in your account, all you have to do is click on the V-ATM section and follow the on-screen instructions. Step 2 - Print and present the QR code We will review your application, and if all is good, we will send you approval along with everything you will need to get started. In this acceptance pack, you will receive QR banners that you can print out and display in your shop or business location alongside your discount offer. Step 3 - Sell your products using the V-ATM QR code and double your profits This is the easiest part, and what you do best – selling! Encourage your customers to take advantage of the discount they will get by using the V-ATM QR code to buy Dagcoins and pay for the product they want. Because you will be paid by both the customer and us for each sale, you don’t just have the chance to double your profits, but to offer discounts that your competition won’t be able to match. Attracting more customers, reducing churn, and maybe even getting back some old customers that you lost to rivals in recent months or years. How it Works – For Customers In this section, we will cover the process from the customers perspective so that you can guide them if they need any help. Step 1 - Scanning the QR Code The very first thing your customers will need to do is scan your V-ATM QR code using their smartphone. If they do not have an app on their phone to scan QR codes, there are many such apps available for free on both the Google Play and App Stores. Step 2 - Downloading DagWallet The next thing your customers will need to do is download DagWallet. This is the virtual wallet where they can store their Dagcoins and make/receive payments using the coin. They can download DagWallet (and learn more about it) here. Step 3 – Buying Dagcoins Now that your customers have a DagWallet and have been verified, they can now buy Dags from you using the V-ATM at the current exchange rate. This is the same process as a regular Dagcoin transaction, and they will receive Dags to their wallet within 10 seconds of making the purchase. Step 4 – Paying for their Products They are now at the final (and best) part of the process – the purchase of the discounted products. This discount will make your customers happy and more likely to return in the future. In addition, you will receive double the profit too because we will also pay you. It truly is a Win-Win! Conclusion V-ATM is a Virtual ATM that allows you to sell Dagcoins directly to your customers so that they can buy discounted products from you using Dagcoin. We will then reward you in Dags and Euros for selling the coin. Meaning you will get paid twice, from the customer and from us. Because you are getting paid double, this means that you can offer discounts that will make you cheaper than your rivals, maybe even the big boys like Amazon. With such discounts, not only will you be able to make more sales, you will also attract new customers, reduce churn, and even get back those clients that you lost in previous months and years.  Setting up V-ATM is simple and easy. All you have to do is: Go to the Dagpay page and log in to your account (or sign up if you don’t have an account) click on V-ATM and follow the online instructions. Print your individual QR code and display it with your discount promotion in your store or business Sell the discount your clients will get from using Dagcoin V-ATM to buy products from you. Start 2021 the way you want to continue, with more sales and higher profits. Click here to get started. Join a community of more than 1300 merchants and 500,000 clients using Dagcoin.