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Switzerland’s Largest Online Retailer Starts Accepting 10 Cryptocurrencies

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The largest Swiss online retailer, Digitec Galaxus, has started accepting crypto payments at its two stores. Customers can choose from 10 cryptocurrencies to pay with including BTC, BCH, BNB, ETH, TRX, OMG, and XRP. One of the stores specializes in consumer electronics while the other focuses on everyday needs.

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Digitec Galaxus Accepts Crypto Payments

Digitec Galaxus AG announced Tuesday that customers can now pay for their purchases with cryptocurrencies at its two online shops: digitec and Galaxus. Ten cryptocurrencies are supported — BTC, BCH, BSV, BNB, ETH, LTC, NEO, OMG, TRX, and XRP.

Switzerland's Largest Online Retailer Starts Accepting 10 Cryptocurrencies
Checkout page on galaxus.ch.

Claudio Schaad, leader of Team Spectre, one of the teams that make up the engineering department at Digitec Galaxus AG, discussed the new payment option in a blog post on his company’s website. “We’ve been looking into cryptocurrencies for a while now,” he revealed. The post explains that “instead of creating an own wallet or even cryptocurrency, digicon or the such, Spectre chose [to] work with a company called Coinify,” adding:

In simpler terms: while shopping, if your purchase price exceeds 200 francs, you have the option to pay with cryptocurrencies. What arrives on digitec’s end are Swiss francs.

Digitec specializes in IT, consumer electronics and telecommunications goods while Galaxus claims to be the largest online department store in Switzerland with a growing range of products for everyday needs. The two stores form Digitec Galaxus AG, its website describes.

Switzerland’s Largest Online Retailer Now Accepts 10 Cryptocurrencies

According to Oliver Herren, co-founder and CIO of Digitec Galaxus, the company currently has around 2.7 million items for sale, from shoehorns to wheat beer to gaming PCs. He was quoted as saying:

Cryptocurrencies are fascinating and could become a relevant means of payment in e-commerce — we want to support this development.

Paying With Cryptocurrencies

A blog post on Galaxus’ website details that “The new payment option was created as part of a pilot project together with the Swiss e-payment specialist Datatrans AG,” which works with Danish crypto payment provider Coinify.

Customers shopping on digitec or Galaxus can choose to pay with cryptocurrency at checkout. They will be redirected to a page on Coinify which displays the amount due in BTC with a QR code. Customers can choose among the 10 supported cryptocurrencies and complete the checkout process. Prices are locked in for 15 minutes.

Switzerland's Largest Online Retailer Starts Accepting 10 Cryptocurrencies

When choosing a cryptocurrency other than BTC, customers are asked to provide an address so that funds can be returned should an error occur. Furthermore, the company warns of a processing delay when paying with other coins.

Switzerland's Largest Online Retailer Starts Accepting 10 Cryptocurrencies

The blog post further notes that “Normally, the payment confirmation by Coinify takes place within a few minutes,” adding:

Digitec Galaxus does not charge any fees for cryptocurrency payments. Coinify charges a conversion fee of 1.5% of the purchase amount. Other, but small, transaction fees will be charged depending on the currency, as well as how fast the transaction is to be confirmed.

What do you think of Digitec Galaxus accepting 10 cryptocurrencies? Let us know in the comments section below.


Images courtesy of Shutterstock, Coinify, and Digitec Galaxus AG.


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The post Switzerland’s Largest Online Retailer Starts Accepting 10 Cryptocurrencies appeared first on Bitcoin News.

XRP Sentiment Manipulated by Thousands of Bots, Analyst Claims

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In January, news.Bitcoin.com reported on the so-called ‘XRP army’ harassing Ryan Selkis, the cofounder of cryptocurrency data startup Messari. A recent data analysis has now alleged that the XRP army of shills is compromised of thousands of bots trying to sway market sentiment across social media channels like Twitter.

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Thousands of XRP Bots and Fake Ripple Shills Have Infested Twitter, Researcher Claims

When people discuss Ripple Labs and the XRP digital currency, the conversation can sometimes turn ugly and controversial. Cryptocurrency enthusiasts have noticed on platforms such as Twitter that if someone says something negative about Ripple or XRP, they are swarmed by Ripple supporters. The cofounder of Messari, Ryan Selkis, otherwise known as @twobitidiot, recently detailed how he was harassed by XRP supporters who called his home phone number. Now, a few reports from independent researchers have concluded that there are thousands of phony accounts or bots on social media being used to manipulate XRP sentiment. In fact, Geoff Golberg has spent a lot of time studying XRP-related bots and phony accounts on Twitter and first revealed his findings last year.

XRP Sentiment Manipulated by Thousands of Bots, Analyst Claims
Independent researcher Geoff Golberg’s data sets showing a large number of fake accounts and bots tied to popular accounts like ‘Giantgox’ and ‘Xrptrump.’

“Astroturfing = the deceptive tactic of simulating grassroots support for a product, cause, etc., undertaken by people or organizations with an interest in shaping public opinion,” explained Golberg after sharing his data. “There are various types of graphs I use and analyses I conduct — It’s quite manual and requires lots of time.” One particular Twitter account called ‘@Giantgox’ raised Golberg’s curiosity as many bots showed signs of being tethered to the Twitter account.

Golberg’s analysis continued:

Every dot/node is a Twitter account which is following and/or being followed by Giantgox.

Golberg Continues to Share His Data Despite Threats

Last year, Golberg wrote about his investigation in great detail, which uncovered around 8,000 suspected phony XRP accounts on Twitter. The researcher also claims he made a bet with Ripple’s CTO, David Schwartz. In the post called “Dissecting a key (Twitter) account from the XRP Army,” Golberg says that Schwartz told him that if “there’s a real problem” the CTO would be “willing to deploy resources to investigate it.” However, since Golberg began sharing his data sets and analysis, he claims Schwartz has turned silent about his alleged promise. “There’s been crickets from Schwartz since I shared data outlining the magnitude of the XRP/Ripple astroturfing efforts,” Golberg tweeted.

Besides the Giantgox account, Golberg also found questionable data tied to another popular XRP-related Twitter account, ‘@Xrptrump,’ which has roughly 30,000 followers. While sharing his data, Golberg emphasized: “The large highlighted cluster is comprised of 8.2K accounts which follow Xrptrump — Take a look at this spreadsheet for yourself — do these look like real accounts?” The researcher’s seething critique of the allegedly manufactured support added:

The majority of Xrptrump’s followers are inauthentic accounts/accounts that have zero interest in XRP (large clusters, for example) — XRP army manufactures support.

According to the researcher, and similarly to Ryan Selkis’ experience, Golberg was harassed by the XRP army. After sharing his studies concerning the magnitude of alleged Ripple bots, the researcher received a message from a Twitter account that said: “Who can kill him?” He then reported the account to Twitter and the social media company told Golberg that the person did not violate Twitter’s harassment guidelines. Two days later, the account holder messaged Golberg directly and apologized for the threat and the account owner also deleted the profile. Despite this, the harrying and intimidation will not stop Golberg from sharing his research and analysis. “I eat XRP army shills for breakfast,” Golberg proclaimed.

What do you think about the XRP army and the accusations of bots and manufactured Ripple/XRP support? Let us know what you think about this subject in the comments section below.


Image credits: Geoff Golberg, Shutterstock, Twitter, and Pixabay.


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The post XRP Sentiment Manipulated by Thousands of Bots, Analyst Claims appeared first on Bitcoin News.