BOP launches Bitcoin-based BopShop in Berlin
Hungarian startup Bits of Proof (BOP) launched its interesting business solution BopShop at a Bitcoin Exchange Berlin (BXB)-hosted event last weekend. BOP provided what it is billing as the “world’s first integrated mobile and web bitcoin merchant solution” to merchants in Berlin and powered the market with its BOP Enterprise Bitcoin Server.
BOP also extended to merchants invitations to join the BopShop-powered bitcoin-only shopping mall Emporio Satoshi.
“This event is a milestone for the Bitcoin community, not only in business terms, but in social terms,” said Bits of Proof founder/CEO Tamás Blummer. “This pilot project restores our civil right for the transmission of money person-to-person using the current level of technology, yet without unintended amenabilities.”
BopShop is designed for traditional payment processors seeking to add Bitcoin to their supported payment methods. BOP promises innovation and security in the combination platform/mobile app, particularly touting the “HD BIP32 key generation” feature which encrypts vital information in bitcoin exchanges between two parties.
This newest enterprise-ready technology reflects BOP’s general philosophy of truly one-click purchasing. As Blummer explained to Budapest Business Journal in June, “Bitcoin as a currency is very spectacular due to its highly volatile currency rate against the dollar, and it tends to grab everyone’s attention. But the real value, I believe, is in the other perspective: bitcoin as a payment network.”
Blummer also believes that Hungary itself could have a bright future in the emergent bitcoin-based economy. “Hungary has huge potential” in establishing pro-bitcoin financial regulations, he opined to BBJ. “Coming up with a bitcoin-friendly regulatory system may draw in vast amounts in the form of this new currency, and may transform the country into one of the financial hotspots of the new world.”
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.