BTC China Getting Into Merchant Payments, Mining Pool Biz

Wij’ve bot watching the Chinese exchange gripping for fresh ways to keep their business operations ter tact since the “great Chinese bitcoin rush of 2013” came to a slowdown. From derivative products to bitcoin ATM networks, it seems like they all have some fresh plans te the works.

A Monday report from bitcoin news webstek CoinDesk highlights that BTC China is injecting the merchant payments and mining pool business, te a stir that will hopefully make its clients consider it a one zekering shop when it comes to bitcoin.

Using one account, BTC China users are able to access the company’s fresh services (and existing services, obviously) with little hassle.

Payments

BTC China has reportedly teamed up with regional merchants te China willing to get involved ter the bitcoin sector, which includes Shenzhoufu Hong Kong and Aicaike.

Much like other payment processors, the company’s payment services will permit other companies to accept bitcoin and have the digital currency converted to local fiat currency (should they so choose).

The program starts with support for U.S. dollars, Hong Kong dollars, and the Chinese yuan.

Mining pool

This is a sort of interesting development ter that most people most likely would not have expected BTC China to inject the mining pool business, but they have.

This pool will implement the “PROP” or “proportional” payout method, which will see blocks paid out te proportion to the number of shares earned by a member of the pool.

The company is programma to eliminate any shadiness right off the bat by promising hashrate distribution transparency, and no hashrate reductions.

It should be noted that users who send their payouts to other BTC China services will be charged a toverfee less than those who send out their bitcoin to outward addresses.

Of course, time will tell whether or not thesis two fresh services build up traction.

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NewsBTC is a news service that covers bitcoin news, technical analysis and forecasts for bitcoin and other altcoins. Here at NewsBTC, wij are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. Wij voorkant news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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