We’re excited to announce that we have partnered with India’s most popular exchange, Unocoin, to give Blockchain users across India the ability to quickly and easily fund their Blockchain wallets.
Beginning today, we’ve integrated Unocoin’s exchange directly within the Blockchain wallet to give you greater purchasing power without having to compromise security or control.
For the first time ever, your Blockchain wallet can be funded in just a few clicks by linking your bank account, which is subject to bank transfer speed.
Millions of Indians have embraced digital assets as a reliable way to save and transfer money. Together with Unocoin we are committed to making digital currency simple and more accessible throughout India. Whether it’s high fees, untrustworthy service providers, or confusing identity verification procedures, it’s often been a slow and challenging process to get started with bitcoin. Today’s integration is an important step forward in eliminating the friction that many have experienced in buying bitcoin.
The Unocoin integration is available to web users, but we plan on expanding to our Android and iOS wallet users in the near future. Log-in or sign up atwww.blockchain.com to get started today!
I have devoted my career to effective regulation of markets in order to create and promote trust, certainty and stability. My view is that open, free markets were and always will be the best way to promote shared prosperity, so long as those markets are transparent and well-protected against fraud and abuse. For this to occur, we have always needed regulations and regulators. And I’m proud to have played a part in promoting regulations and an environment that promoted transparency, protections of the investing public and well-functioning capital markets.
The reason I’ve chosen to take an advisory role with Blockchain and other firms engaged in crypto-currencies is precisely because of the opportunity they present to achieve the outcomes of good market regulations in new and interesting ways. These are new technologies and therefore we are just beginning to understand them, but what we already see is quite promising.
The challenge in any form of prudential regulation – which is the system created by multiple regulatory schemes and agencies – is this: How quickly does it respond to failures in the market system? When there is a bad actor committing fraud, do traditional regulatory agencies and actors catch it in time? The sad truth is that they lag. Other efforts to close that gap have proven wanting. Self-regulation doesn’t work in some cases; regulation by litigation presents a powerful disincentive to fraud, but rarely imposes broad compliance.
Blockchain’s business model is appealing precisely because it creates its own regulatory framework within its value proposition. First, it is the world’s largest bitcoin wallet software provider. With over four million wallets, Blockchain is the wallet software of choice for those transacting with bitcoins. Second, Blockchain.info provides a diagnostic tool that allows the public to view and research the public ledger of all Bitcoin transactions. As more transactions become digital, the kind of transparency enabled by Blockchain’s tools will amplify the market’s ability to self-correct bad acts and inefficiencies. Finally, Blockchain understands that for a company to grow, it must empower its industry’s developers. To this end, Blockchain provides the most reliable and widely-used API service. Blockchain’s API enables software programmers to build new applications on top of the Bitcoin protocol.
In short, within the Bitcoin economy, Blockchain functions as both a provider of services, a platform for other developers and a fully incentivized system for correction and fraud detection.
Whether this is a model for other financial markets is debatable, but I believe it is promising and worthy of investment and support – particularly as the Bitcoin economy takes shape. I have always enjoyed seeing new companies and new markets succeed – and my goal for Blockchain is to see its business not only thrive but nurture a new regulatory model.
Arthur Levitt was the twenty-fifth and longest-serving Chairman of the United States Securities and Exchange Commission (SEC) from 1993 to 2001. Widely respected as a champion of the individual investor, his distinguished career has placed him at the intersection of policy and financial regulation for decades. Levitt previously served as a policy advisor to Goldman Sachs and is a Director of Bloomberg LP, as well as serving as a senior adviser at the Carlyle Group.
London has throughout modern history been a leading global financial services centre and at the forefront of innovation. It was in Great Britain that the modern era of the gold standard began in 1717 with Isaac Newton as Master of the Royal Mint. Britain’s banking system has pioneered many of the now ubiquitous world leading innovations in payments technologies including CHAPs, BACs and Fastpayments. Today, London remains a thriving hub of innovation with entrepreneurs choosing London to start or base their businesses here as a result of our fair and predictable legal and regulatory regime, low and predictable taxes, pool of talent, time zone, language and digital infrastructure.
In financial services in particular, there is a tectonic shift going on as the digital era creates new opportunities for established businesses to reinvent themselves spurred by entrepreneurs inventing digital business models to disrupt the status quo. I can’t remember a time when London has been buzzing with so much entrepreneurial activity and a day doesn’t go by without someone raising a new FinTech idea with me. To me, FinTech means using the internet and constantly developing internet access devices, combined with their now pervasive penetration amongst consumers, to create more convenient and less expensive ways to undertake financial transactions and one company that embodies this is Blockchain.
I have learned more and more about Bitcoin as I have been approached by a number of Bitcoin related start-ups looking for investment and advice. Bitcoin strikes me as one of those developments you see infrequently that won’t just change one particular aspect of the way an existing service or product is delivered but has the potential to totally revolutionise world payments.
I am sure it is for this reason and because London is quite literally centre of the global currency exchange business that Her Majesty’s Treasury and UK regulators are focussed on understanding this potential revolution and the impact on consumers and institutions – so that London can once again embrace changes as they occur and encourage innovators to base themselves here whilst providing appropriate safeguards for consumers and investors.
Blockchain, as the bitcoin infrastructure company with the most market share and highest transaction volumes, supported as it is by a sound balance sheet and A list investors and led by a visionary management team, seemed a clear first among equals to me and I’m excited to continue to help support their mission.
Bob Wigley has a long and successful career in both the private and public sector. Bob was the former Chairman of Merrill Lynch Europe, Middle East and Africa, and served as an Ambassador for UK Business for the Prime Minister, David Cameron. Among other roles, he served as a member of the Court of the Bank of England. Currently, Bob is the Chairman of Tantalum Corporation plc, LLamabrook plc, NetOTC Saarl, Justinvesting Ltd, Stonehaven LLP and is an investor and entrepreneur. He is also a Fellow of both Oxford University Said’s Business School and Cambridge University’s Judge Business School Centre for Alternative Finance.
In the fifteen years I have dedicated to building technology companies, I have seen what makes a market innovator. Today, I see that, and more, in Blockchain, and it has been thrilling to work with the company as an advisor over the past year.
I witnessed the financial crisis first hand on Wall Street, where it became clear to many that, over time, the financial system would need upgrading for complexity management and greater efficiency. That was when I first started to learn about the Bitcoin industry and the block chain. What was most exciting to me was the fundamental architectural innovation of the block chain as a trusted, pseudonymous, distributed ledger for financial flows with broad applicability and deep utility.
Blockchain, the company, has already achieved exponential growth as the world’s leading bitcoin wallet, which has built-in viral adoption characteristics, especially as more consumers go mobile. The company has the most trusted brand in Bitcoin for consumers and application developers. As a key enabler, Blockchain is building the software abstractions that will hide technical complexity, add features, increase usability and grow adoption of bitcoin technology. Creation of this platform ecosystem has been a key driver of growth with other large-scale networks such as Facebook.
Growth of bitcoin and the block chain will have transformational impacts in our lifetime. For consumers, bitcoin will offer a more efficient, accountable, and lower cost way to transfer funds and pay in many use cases. For businesses, the block chain will allow sharing of information for its participants, trust between unknown parties, and greater security and risk management for transactional flows.
I look forward to working with Peter, Nic, Ben and the team. They have the vision required to lead the industry into the next phase of hyper-growth, and the skillset to build its foundation. I’m eager to bring my experience in mobile wallets, financial services, and social networking to bear on the company’s product innovation, business model, partnerships and scalability.
The team is-well positioned to bring a better future to the world through the block chain.
Salil Pitroda was previously an executive in corporate development at Facebook and has been a part of two successful startups. The first, Old Lane, an innovative investment firm where he specialized in technology and financial services, which was acquired by Citigroup. The second, C-SAM, a pioneering mobile transactions company where Salil served as a founding investor, interim executive, and board member, which was acquired by MasterCard in 2014. Salil has also worked on strategy, product development, growth, M&A and more with Pryte, Onavo, C-SAM, MSC Software, Shopzilla, Poplicus, Ceridian, Beecher-Carlson, Aspen Marketing, SPI Technologies, Symphony Services, Click Tactics, Zagat Survey, Phonetic Systems, and ProBusiness.
Our community stands at a crossroads. The debate about which path to take has, by and large, been a healthy one, and we have not interposed our own positions or interfered in the discourse. Until today, our involvement has consisted of listening, researching and testing. We believe that work is complete, and it is time to communicate our view in a clear and transparent manner.
After lengthy conversations with core developers, miners, our own technical teams, and other industry participants, we believe it is imperative that we plan for success by raising the maximum block size.
We support the implementation of BIP101. We have found Gavin’s arguments on both the need for larger blocks and the feasibility of their implementation – while safeguarding Bitcoin’s decentralization – to be convincing. BIP101 and 8MB blocks are already supported by a majority of the miners and we feel it is time for the industry to unite behind this proposal.
Our companies will be ready for larger blocks by December 2015 and we will run code that supports this.
As our community grows, it is essential – now more than ever that we seek strong consensus to ensure network reliability. We pledge to support BIP101 in our software and systems by December 2015, and we encourage others to join us.
Once a decade, a revolutionary technology comes along. Technology that can radically improve the way we do things. Technology that empowers people and changes paradigms.
The 1990s was influenced by the World Wide Web, which allowed people unfettered access to information and opinions for the first time in history. The 2000s was the era of communication and transactions. The underlying technology of http allowed Netscape to be born, then with VoIP came Skype. Suddenly, hundreds of millions of people could keep in touch with one another – continuously, across borders, and at no cost. I’ve been lucky to participate in both these waves.
Now, the turn has come for the next evolution. Cryptocurrencies and distributed ledgers are soon to change the way we verify our documents, share our information, enable trust between unknown parties, and secure our transactions.