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First Japanese coin is now on ATAIX

ATAIX welcomes Monacoin (MONA) community. MONA is the first Japanese cryptocurrency, well known to its Japanese users since it was released in 2013. Monacoin prides itself on its supportive and very active user base, who often make use of the coin in unique ways.

Monacoin prides itself on its supportive and very active user base, who often make use of the coin in unique ways. The project also never “premined” coins, meaning the developers and all users all started on even ground. The combination of Monacoin’s longevity as well as its unique relationship between its users and developers have made it among the most popular coins in its native Japan.

ATAIX has seen a large number of people inquiring about Monacoin, and it has been a long time frontrunner on our voting list. Monacoin usage is relatively limited to Japan, and it is yet another great Japanese project we’re happy to add on our platform.

To deposit MONA and start trading sign up for an ATAIX account today!

ATAIX Enables Euro Deposits

ATAIX users can now make deposits in Euros! Users can deposit Euros directly to their ATAIX wallets and exchange to crypto right on our platform. This allows our users to do fiat-to-crypto trading safely, conveniently, and quickly without using a third party.

Anyone wishing to deposit Euros can easily choose whether to deposit with cards or to send funds by bank transfer. SEPA deposits are available to European users only, while SWIFT payments are available to customers worldwide. ATAIX supports all major credit and debit card providers. All of these options are fast and secure.

We would like to emphasize that only verified users can initiate bank transfers on ATAIX. If you still haven’t verified your account, we highly encourage you to do so. Also, we would like to remind you that it’s necessary to be very attentive when initiating bank transfers. Please thoroughly check the payment details you use when depositing or withdrawing your funds. Providing correct information allows us to process your payments faster.

It’s important to note that only verified users can initiate bank transfers. All users who haven’t yet gotten verified are encouraged to do so in order to make full use of the ATAIX platform. Please be sure to pay close attention when initiating bank transfers and double check all your details to ensure there are no errors.

Our team is very excited with the launch of fiat capability, as it makes trading much more convenient while allowing anyone to exchange fiat-to-crypto without a hassle. Stay tuned for more updates on our developments and enhancements of ATAIX platform.

NewsJul, 2019

Ensuring Crypto Safety

The QuadrigaCX exchange scandal from a few months back caused widespread fear among people for their financial wellbeing. The scandal began with the sudden death of the exchange’s co-founder and CEO, Gerald Cotten, which led to over 100,000 of their users losing their cryptocurrency funds.

The CEO was supposedly the only person with access to the codes of almost $140 million worth of cryptocurrencies held in the exchange’s cold storage. When he unexpectedly passed away during his honeymoon in India, he left his customers to fight for their assets in Nova Scotia’s Supreme Court, while an appointed overseer for the company is still trying to search for the missing funds.

Events like this continue to propagate a very fragile trust in crypto, making banks and other traditional financial institutions even more suspicious. As the industry continues to find proper regulations for this new technology, crypto owners should do their best to self-regulate and take better care of their assets. Here are some ways crypto owners can make sure their funds are safe:

Audit and accreditation

When considering an exchange or any sort of fund keeping provider, you should be attentive to their verifications in order to ensure they are the best out there. Many have their verifications and accreditations on their websites, and to be extra safe, you can ask about their security audits and ask to see some audit reports, compliance documents, and any other kind of document that proves some sort of oversight.

Future strategy

As with QuadrigaCX, many changes can happen to a company over time. Technologies evolve and people come and go. One of the most important things for any company is redundancy and adaptability to circumstances. There should be safeguard systems in place for any unexpected circumstances in order to ensure safety for their clients or users.

History

A company’s history is nearly as important as its future strategy, and a company must have a proven track record of success. Brand new companies with no operational history should be studied carefully, as they aren’t as proven as other alternatives. There are many great new companies and exchanges out there, and by no means are we trying to diminish them, but operational history is important to consider. You should be able to review transactions as well as the type of business they conduct. For example, operating a cold wallet network is very different than providing hot wallet services for high transaction volume. If a company is new with not much available history, do your due diligence and make sure you look at their accreditations and verifications. ATAIX provides ours right on our website for all to look at in order to ensure user trust.

Multi-signature protection   

Multi-signature is the use of multiple keys to access cryptographic assets which require multiple people to come together in order to release assets. Those persons should incorporate the right level of governance and security protocols that will ensure the safety of your crypto assets for the foreseeable future.

Any person’s assets should be taken seriously, and the aforementioned steps should be taken by anyone interested in crypto. To start trading safely on a secure platform, sign up on ATAIX today.

BlogApr, 2019

Samsung Issues Cryptocurrency Payment Option

Even before anything was announced, many people interested in the tech and phone industry were already speculating that Samsung would have some sort of crypto integration in their new Galaxy S10 line of phones. In the end, it turns out they were right, as Samsung unveiled a cryptocurrency wallet for their S10 line. As we've talked about before, crypto is giving credit cards a run for their money, and this is something Samsung seems to want to capitalize on.

The Korea Herald, one of the most popular English language newspapers in Korea, was the first to report on Samsung’s intention to integrate a crypto wallet into their new line on January 21st, exactly a month before the release of the Samsung Blockchain Wallet on February 21st. Samsung Pay- Samsung’s native payment processing application with over 10 million active users- will be the driving force behind the crypto wallet. On March 8th, Donga, one of South Korea’s biggest media outlets, elaborated on Samsung Pay’s serious intention on crypto integration in order to expand their user base. Donga’s report stated:

“Samsung Pay has recently extended the transaction period for overseas users and integrated an international payment processing service, aggressively targeting the global financial services market.”

As this continues to develop and the wallet is added to Samsung Pay, the platform may cement its status as a modern solution for the new ages. For now, the Samsung Blockchain Wallet is reported to be supporting only Ethereum, but more coins will definitely be integrated in the near future.

Such developments were expected from Samsung when looking at the acquisitions and product launches that it has had in the past. Samsung Pay went head to head with applications such as Apple Pay and KakaoPay immediately after its launch. A 2015 acquisition of LoopPay innovated their payment platform, allowing users to simply hover their smartphones over POS terminals in order to pay, presenting a huge advantage over its competitors.

Some important data reported by Donga shows that Samsung Pay’s user base has increased by a whopping 58 percent from 2017 to 2018, a number of 6.6 million users. Such figures could make Samsung a leader in the crypto payment sector in the near future.

As we have seen with Cash App’s Bitcoin integration, which increased the company’s market valuation by an astronomical 516%, crypto integration can have a huge positive impact for payment services. This could be something we see with Samsung soon.

As of April 2018, Samsung Pay had a transaction volume of $18 billion. With successful crypto integration, Samsung could set a precedent for mainstream companies continuing to embrace and integrate crypto and other blockchain based solutions to their products while also cementing its status among the leading blockchain-friendly companies out there.

Be sure to sign up on ATAIX to begin trading and to follow any other developments in the world of crypto.

BlogMar, 2019

Why Cryptocurrencies are a Better Solution than Credit Cards

Credit card fee hikes in recent years have brought to the surface some questions about traditional financial institutions and their instruments and created some debates among their effectiveness and that of cryptocurrencies. Many reports indicate that there are significant savings in payments processed with cryptocurrencies, but as creatures of habit, most people still prefer their banking cards over crypto transactions. Still, it seems that we are just a few years from established universal blockchain and crypto integration. Even today there are some major advancements that make a solid case for choosing crypto over credit. Here are some of the more significant ones.

Permission

This actually might be the single most important difference between crypto and credit cards. The user of a crypto wallet needs to give explicit permission and has full control over its financials when a transaction is occurring. It is up to the user of the wallet to decide under what terms, when and what amount he wants to transact. On the other hand, banks have full control over your money and personal data and have automated all of their processes to simply pull money out of your bank account at any given time.

Vulnerability

This is closely linked with the point above. Users of crypto need to display their public address to receive payments and need to personally initiate any transaction in which they are sending money. The user is the only one with access to their funds via their private key. At no point can a merchant access the user’s funds. They can only send to the user or receive after the user has initiated a transaction. This completely eliminates security problems, scams, and hidden fees associated with banking cards, since users of banking cards give their bank full access to their funds, which may lead to a security risk or exploitation on the banker’s end. Credit cards are notorious for the latter, with hidden fees being a common concern linked to their services. With crypto, this aspect as a whole is eliminated.

Low fees, various alternatives

Low transactional fees were one of the main initial selling points for cryptocurrencies. Although that hasn’t been true with Bitcoin lately, that still leaves us with hundreds of other projects that have successfully implemented a low fee transaction schedule. This means being able to pay just a fraction of a dollar for basically any payment, making this an attractive offer for everyone so much so that even crypto to fiat conversion presents itself with more usable rate than credit cards.

Borderless

As we all know, our personal information and identity is tightly connected to the credit cards and banks we use. This can create several issues with transactions, traveling, or even doing business overseas (sometimes domestically too!) since these things often include long, bureaucratic processes and the smallest mistake or inconsistency will halt the process. Many factors may contribute to complicating the process as well, including loss of documentation, emigration, or even things such as age and financial history. Cryptocurrencies, however, are like cash- easy to use anywhere, anytime, for anything. In fact- since they don’t need to be converted based on the country or region, they are even more convenient than cash, and certainly a much more preferable alternative to credit cards.

BlogMar, 2019