Former Bitcoin Foundation Director Jon Matonis Joins Cubits Board of Directors

Bitcoin Magazine
Former Bitcoin Foundation Director Jon Matonis Joins Cubits Board of Directors
Cubits-Screenshot

Bitcoin Press Release: Licensed UK based Bitcoin gateway Cubits is pleased to announce Jon Matonis has joined the company’s board of directors. Supporting over 15 currencies, Cubits offers instant Bitcoin trading for consumers, and robust gateway solutions for merchants.

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“Europe’s Gateway to Bitcoin” – Cubits welcomes Jon Matonis to its board of directors. Jon Matonis is also currently in the BPI Committee for the curated “Bitcoin Price Index” at Coindesk, and is the former Executive Director of the Bitcoin Foundation. The news comes as Cubits re-focus their services to the consumer market across Europe by celebrating the launch of their new-look website. Cubits’ new interface offers speedy verification and instant buying and selling of Bitcoin.

Jon Matonis brings with him a wealth of experience in traditional and alternative financial industries. Previously executive director of the Bitcoin Foundation, Jon has also held senior posts at Sumitomo Bank and VeriSign as well as being CEO of Hushmail and Chief Forex Trader at VISA:

‘We are thrilled to welcome Jon Matonis to our board at this time of extraordinary growth. We share a vision for the future of blockchain-based financial industries and Jon’s experience and insight will be invaluable to the success of our team’  Julian Mautner, Founder of Cubits said.

The appointment arises from a synergy over the direction the Bitcoin industry should be taking. Cubits is integrated with a number of existing payment providers that make the purchase of Bitcoin far easier for ordinary consumers, that access is expanding all the time. With household names such as Sofort on board and operating across 17 currencies, Cubits is pushing the market forward:

‘Cubits was a simple choice for me. Their team has a proven track record with the right model to scale quickly in the current Bitcoin environment’ Jon Matonis

Accessibility is built into every aspect of their design from fast SMS verification to instant Bitcoin buying and selling from within the wallet interface. Features like these put Cubits in a competitive position being able to offer the easiest on-ramp yet for many Europeans. The Cubits platform enables customers to move in and out of Bitcoin at a moments notice, and with growing tension in the Eurozone many are finding utility in this service:

“We have seen tremendous growth in recent months that we attribute to continuing unease in the Eurozone. People are clearly searching for alternative ways to achieve some control over their funds and Cubits is meeting their needs” Tim Rehder, CEO, Cubits

Appointing Jon Matonis to their board of directors, alongside Bitcoin pioneer Adam Vaziri and leading industry figure Graeme Jones, should further enhance Cubits’ position as the number one hub for Bitcoin buying and selling across Europe. Striving to become the largest blockchain-based financial institution in Europe: Cubits now has the team, as well as the infrastructure, to make this vision a reality.

For more information about Cubits please visit: http://cubits.com

Media contact:

Name: Tim Rehder, Cubits Co-founder & CEO

Email: tim.rehder@cubits.com

 

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Number of Argentinian Merchants Accepting Bitcoin Doubles Amid Inflation Concerns
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Since last year, the number of bitcoin merchants in Argentina has doubled, according to the Financial Times. This growth comes primarily from small businesses, which are showing the highest bitcoin growth and adoption rate in all of Latin America.

Argentina, South America’s second-largest economy, has been restricted from access to foreign currencies and has suffered from an overvaluation of exchange rates, unstable inflation and complicated economic dynamics.

This prolonged exposure to economic instability has motivated Argentinian merchants to shift from fiat-based financial platforms to bitcoin to avoid frozen payments which sometimes are locked up for two or more weeks.

Argentina has also been a key player behind the rapid growth of monthly bitcoin transactions in Latin America, as more businesses started to accept bitcoin to avoid the volatility of Argentinian Peso, which inflates around 20 percent each year.

Currently, Argentina has more than 150 local bitcoin merchants, including hotels, restaurants, bars and resorts.

An owner of a budget hostel in Buesnos Aires told the Financial Times, “I was suspicious at first, But I took the risk, and it was well worth it.” FT reported, “She takes credit-card payments from foreign tourists in return for the digital currency. At the moment, she can sell her bitcoins on Argentina’s unofficial currency market for 50 per cent more than she would get at the official exchange rate.”

 

Photo José María Pérez Núñez / CC BY-SA 2.0 

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