Atari’s own cryptocurrency, Atari Token, is currently in its second round of pre-sale which means that anyone can buy some of these cryptocoins for a limited time before the official launch later t… The cryptocurrency mining hardware market is poised to grow by USD 2.80 bn during 2020-2024, according to Technavio. If you are an individual who invests in or trades in cryptocurrencies and you pay taxes in the UK, you should probably be aware that HMRC consider your virtual currencies to be firmly within their remit. According to a new report by Luno and Arcane Research, the global cryptocurrency platform, the economic landscape across the African continent augurs well for cryptocurrency adoption. The State of Crypto: Africa report says that rapid adoption of cryptocurrencies is likely in Africa in the context of high inflation rates, volatile currencies and underdeveloped banking infrastructure. Certain crypto assets combine […]
Atari’s video game cryptocurrency is currently available to buy with Bitcoin, Ethereum, and Litecoin
Atari’s own cryptocurrency, Atari Token, is currently in its second round of pre-sale which means that anyone can buy some of these cryptocoins for a limited time before the official launch later this year.
During this pre-sale, Atari Tokens can be purchased with Bitcoin, Ethereum, or Litecoin, three of the most-common cryptocurrencies on the market. Buying with traditional USD is expected to be supported during the next round of pre-sale or during the public launch.
I purchased 100 Atari Tokens this morning for $0.08 each with some Bitcoin and the entire process was extremely simple and bug-free, taking just a few minutes to complete from start to finish. For those interested, I performed the entire process on my iPhone using the Coinbase Wallet app to send the required amount of Bitcoin and the official AtariChain website within the Microsoft Edge iOS app.
Note that bought Atari Tokens remain on the AtariChain website for now but users will be able to send them to wallets that support the cryptocurrency at a later date.
While there are literally hundreds of cryptocurrencies out there, Atari Token is arguably the first one to be created by a company that’s a household name. Atari seems to have a long-term plan for its crypto with it set to initially function as the primary form of currency for its upcoming online casino before tools being made available to app and game developers to make Atari Tokens accessible elsewhere.
An official Atari cryptocurrency wallet is currently being tested for Android smartphones and tablets though it’s likely that a similar wallet app will be developed for iOS and Windows 10 devices as well. Once Atari Tokens are accepted by online crypto exchanges, support for it is expected be added to other popular crypto wallets such as Exodus Wallet, my personal favorite Windows 10 cryptocurrency app.
There are currently several Atari games on iOS and Android that let players gamble for real money and it’s not a stretch to think that support for Atari Tokens will be added to them in future updates. Atari even has some video games on Microsoft’s Xbox One consoles and, while they don’t feature gambling, it’ll be interesting to see if Atari uses such titles to introduce console gamers to the world of crypto. In-game purchases with Atari Tokens wouldn’t be that different from buying skins in Fortnite with V-bucks after all.
Cryptocurrency has been increasing in usage in recent years but it has yet to go properly mainstream and replace regular fiat currencies. The Microsoft Store used to accept Bitcoin for purchases, for example, but eventually removed the option due to the dramatic fluctuations with its price. The company hasn’t given up on cryptocurrency or blockchain technologies entirely though as it is one of the main players in the new Bakkt project designed to aggregate digital assets and simplify the process of using Bitcoin and other cryptocurrencies.
What do you think? Does the Atari brand name have the power to make Atari Token a success? Have you bought any in the pre-sale? Let us know in the comments below and then follow us on Pinterest and Facebook for more technology news.
Author: by Brad Stephenson
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Africa ripe for cryptocurrency
According to a new report by Luno and Arcane Research, the global cryptocurrency platform, the economic landscape across the African continent augurs well for cryptocurrency adoption.
The State of Crypto: Africa report says that rapid adoption of cryptocurrencies is likely in Africa in the context of high inflation rates, volatile currencies and underdeveloped banking infrastructure. Certain crypto assets combine the wealth preservation properties of hard assets such as gold with the portability of digital currencies.
Cryptocurrencies also offer lower-cost and faster remittance payments than is currently available. Traditional money transmitting services charge very high fees and intra-African payments are often slow. The need is great, with expats sending around $48 billion back to families in sub-Saharan Africa last year.
Although each country has its own particular set of circumstances, African nations share some key similarities and trends. The growing, young and mobile-native population on the continent is more likely to adopt a new financial system, and cryptocurrency has a particular role to play servicing the unbanked. But there are obstacles that must be overcome for cryptocurrencies to reach their full potential in Africa.
“While much of the focus elsewhere has been on investment, speculation and trading, the utility benefits of cryptocurrencies are more needed in Africa than other continents,” says Marius Reitz, general manager for Africa at Luno. “Cryptocurrencies present solutions to many of the financial challenges in Africa. The current context is ideal for an alternative money system to take root.”
Typical crypto enabling infrastructure in other regions such as nodes, mining operations, supporting merchants, ATMs and exchanges are not prevalent in Africa. Along with regulation, these could be obstacles in cryptocurrencies reaching their full potential in Africa. Internet and electricity networks will require more investment.
Reitz also believes that the lack of crypto-specific infrastructure presents a huge opportunity to deliver the much-needed transformation of financial systems across many countries on the continent.
There is ample evidence that cryptocurrency is of much interest in Africa. According to recent Google Trends data Uganda, Nigeria and South Africa are ranked as 3rd, 8th and 13th on the topic of cryptocurrency respectively. Other surveys also highlight the growing appetite for cryptocurrencies on the continent. According to one survey of internet users that owned cryptocurrency, 13 percent of South Africans aged 16-64 own cryptocurrency, making it third highest worldwide. Nigeria ranked fifth at 11 percent. Another survey showed that 16 percent of South Africans had either used or owned cryptocurrency, ranking only behind Turkey, Brazil, Colombia, and Argentina.
Tjoborn Bull Jenssen, CEO of Arcane research, says, “The State of Crypto: Africa is the most comprehensive case for adopting cryptocurrencies in Africa to date. It highlights the significant opportunity to transform financial services in Africa based on the results of analytical examination.”
Luno is an example of a company seizing this opportunity as arguably the most in-demand cryptocurrency exchange servicing the African market. Luno has 4 million customers, most of whom are based in Africa.
Along with the report, Luno has unveiled a new documentary “Banking on Africa: The Bitcoin Revolution”, that follows the journey of some of Africa’s Bitcoin pioneers as they seek to leverage cryptocurrency to leapfrog world economic powers. The documentary, which is available on Amazon Prime from Friday 22 May, is a 45-minute video featuring key crypto personalities based in Southern Africa. These include, Riccardo Spagni (Fluffy Pony, lead maintainer of the Monero project), Lorien Gamaroff (founder of blockchain-based social outreach project, Uziso and Centbee), and Alakanani Itireleng (founder of the SatoshiCentre, Botswana), with a glimpse at the spectrum of applications of Bitcoin and blockchain technology.
* For more information on buying, selling or storing cryptocurrencies, visit the Luno Learning Portal.
Author: Published 10 hours ago on May 21, 2020