All news on: Ziftrcoin

Ziftr launches a multi-coins Payment Platform

Ziftr has announced the launch of ZiftrPay, a new crypto-currency payment platform for merchants.

Part of the Ziftr ecosystem formed by ZiftrCoin, ZiftrWallet and ZiftrShop, the new service includes the ability for commerces to accept several crypto-currencies such as Bitcoin, Litecoin, Dogecoin and ZiftrCoin, with additional altcoins to be added soon. Merchants will be able “to receive payouts in cryptocurrency, cash or a combination of both.”

ZiftrPay will also work as a customer loyalty program. “All merchants will receive free ziftrCOIN digital coupons to give to their shoppers to incentivize them to use cryptocurrency, a low-cost, low-risk alternative to credit cards,” added the company, confirming that “each ziftrCOIN will have a minimum redemption value of $1.”

The company is now working to onboard a first group of merchants, with the goal of reaching “a critical mass of ZiftrPay merchants in time for Black Friday/Cyber Monday 2015.”


ZiftrCoin officially launched

A few weeks after being successfully crowdfunded, Ziftr’s crypto-currency has now been officially launched.

Targeting e-commerce and aiming at a fast global adoption by non tech-savvy users, Ziftrcoin comes with a “$1 Minimum Redemption Value,” meaning that, when spent in Ziftr’s merchant network, each coin will be worth $1. The company behind the coin, Ziftr, announced it will give away 300 million ziftrcoins to the first 8 million users in 2015.

On the technical side, ZiftrCoin is a Proof-Of-Work currency using a specific “Proof of Knowledge” principle, where the miner may optionally prove knowledge of transaction data while mining to get a slightly higher reward (5%). For now, through a simple, one-click procedure, the coin can be CPU-mined with a standard computer, directly from the wallet. Wallets are available for Windows, Mac OS, Linux and Android, with an iOS version coming soon.

ZiftrCoin should be listed soon on two exchanges, Cryptsy and Melotic.


Ziftrcoin raises $880,000 to boost cryptocurrency-based eCommerce

The crowdsale of Ziftrcoin has ended, with a total of 4,141,444 ziftrcoins sold (an estimated $878,695 value). Created by MyVBO, a US-based e-commerce solutions provider operating the Ziftr brand, Ziftrcoin aims to  “revolutionize shopping by putting cryptocurrency into the hands of consumers and enabling them to conduct simple, secure transactions at their favorite retailers.”

Strongly focused on mainstream global adoption by consumers and merchants, the company announced it will give away 300 million ziftrcoins in 2015. The first 1 million users will get 100 each and “when spent within Ziftr’s merchant network, each ziftrcoin will have a minimum redemption value of $1.”

The project roadmap includes ZiftrPay (“an API that enables merchants to accept cryptocurrency and credit cards without having to view or store the customer’s credit card information”), ZiftrShop (a worldwide online marketplace built upon the existing Ziftr merchants base), and ZiftrWallet, a mobile multicoin digital wallet.

The wallet, already available in beta version (on invitation) for Android, should allow users to store all their coins and currently works with Bitcoin, Litecoin and Dogecoin.

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