Hot Topics

Advertisement

Advertisement

New Blockchain App Lets Business Owners Monetize Zoom Calls with Crypto

New Blockchain App Lets Business Owners Monetize Zoom Calls with Crypto

For the first time ever, Zoom is listing a blockchain-crypto app in its Marketplace

SmartSessions, developed by 2key.network to mitigate the COVID-19 disruption for solopreneurs, businesses, and event organizers, utilizes SmartLink technology to capitalize on surging demand for video conferencing, enabling business owners to integrate their Zoom services registration and payment management, with the option to activate the built-in self-managed referral campaigns. 

2key created SmartSessions in a matter of weeks, building on their existing SmartLink that uses smart-contract to create a number of automated and self-managed incentivized organic distribution solutions. With SmatSession, 2key aims to assistsolopreneurs and businesses whose operations have been severely disrupted by the COVID-19 crisis, as well as live-event and conference organizers scrambling to migrate to video streaming.



From yoga teachers and personal trainers to psychotherapists and tutors, the number of individuals offering professional services online has exploded, causing Zoom’s user base to jump from 10 million to 200 million. Yet, before SmartSessions, monetizing such services was an administrative nightmare – attendees had to be billed individually, and payments processed through PayPal or bank transfer.

With SmartSessions, in comparison, once the smart contract is deployed,  the entire management is executed by the smart contract that:

  • Processes payment
  • Generates the personalized Zoom Link
  • Sends the Zoom link to the attendee
  • Tracks how many times the invitation to the SmartSession has been seen
  • Tracks how many admission tickets have been sold

To create a SmartSession, the service provider, business owner or event organizer simply designs the invitation to the event with 2key built-in editor, and specifies the number of attendees, the session date, and the cost-per-person.

Payment is made exclusively in cryptocurrencies, as those are integral to smart contracts ability to process payment, but, barrier to entry is lowered as crypto can be purchased via credit card from within 2key, with 17 different fiat currencies supported.

The ability to receive cryptocurrencies means individuals offering professional services over Zoom avoid banking restrictions and fees – especially useful if attendees are based in different countries. Transactions are securely recorded on the blockchain and cannot be modified retroactively. SmartSession links are also fully decentralized and independent from any gatekeeper, meaning sessions cannot be disrupted by unwanted parties joining the call (so-called Zoom-bombing).

Zoom classified SmartSessions as a marketing product because of its integrated incentivized referral campaign. When a SmartSession creator opts to activate the referral reward system, it automatically offers anyone who shares the SmartSession invitation link the possibility to earn a reward. When the SmartSession invitation is shared by a number of people before a sale is made, each person in the referral chain leading to that sale receives a portion of the reward.

The SmartSession creator establishes the percentage of the admission fee to dedicate as a reward, removing the need to pay upfront for marketing purposes as the reward fee is automatically deducted from the payment made and distributed to the referrer. The system is fully self-managed so the SmartSession creator can focus on perfecting the material for the Zoom call.

You can share this post!

Advertisement

SoftBank CEO believes bitcoin will be useful in the future but “not any time soon“

SoftBank CEO believes bitcoin will be useful in the future but “not any time soon“

Quick take

1 minute read

  • Crypto adoption is on the rise recently since the leading cryptocurrency of bitcoin has been doing the rounds when it comes to bullish momentum. 
  • But not everyone yet understands fully what bitcoin is or how it works. 

Crypto adoption is on the rise recently since the leading cryptocurrency of bitcoin has been doing the rounds when it comes to bullish momentum. But not everyone yet understands fully what bitcoin is or how it works. 

There are numerous videos and articles out there that explain it but some people will leave those articles and videos more confused than when they started!

This is a sentiment that is being shown in numerous institutional investors such as Masayoshi Son, who is the billionaire technology entrepreneur and the Chief Executive Officer of SoftBank, a conglomerate institution based in Japan. He has said that he doesn’t “understand“ bitcoin as it rises significantly in its value.

Son has said that bitcoin investment is seemingly pulling his attention away from his actual own business according to a report from business insider last week on the 19th of November.

He added that he would spend five minutes every day watching the price of bitcoin go up and down highlighting that he was told by a friend to invest 1% of his personal assets into the coin. Quick maths shows that this is around $200 million.

When discussing the future of digital currency, the CEO said that digital currencies will be useful in the future and are great for development but it will take time and they won’t go anywhere any time soon.

“I think digital currency will be useful [...] But I don't know what digital currency, what structure, and so on.”

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes

You can share this post!

As it grows, how much ground will XRP cover next year?

As it grows, how much ground will XRP cover next year?

Quick take

1 minute read

  • Is 2021 XRP’s year?
  • How adoption will result in the success of the token.

Timothy Peterson, the well-known advocate for bitcoin and manager of global macro, believes that the San Francisco-based XRP token will have its best year in 2021 since 2017. 

As previously reported earlier this week, Peterson has recently said:

“I know it doesn’t look like much but this is $XRP lowest price forward. I think people will be surprised at $Ripple’s performance in 2021. It will probably have its best year since 2017 and maybe outperform #Bitcoin.”

As many people will already be aware, the success for ripple and its token will all depend on adoption by financial institutions. They have developed numerous new products such as rippleX in order to help facilitate a seamless transaction on the decentralised ecosystem for the network. But for the tokens targeted market, only 2% of financial institutions are actually willing to use it.

The Chief Technical Officer of Ripple, David Schwartz has previously said that there are numerous obstacles that prevent adoption for the token some of which include problems with regulation. That being said, well-known traders and investors at Galaxy trading have said that the asset is proven to be resilient.

“Although it is perhaps one of the most disliked projects, it has more than once shown its aggressive nature at a time when no one is expecting it.”

They see that the coin is capable of sparking by 10 times its current price as they say:

“We believe that this moment is very close and since catching the exact bottom is something very unpredictable, our advice to all who want to invest is to start buying at these “golden” levels of support where 10X can become a reality.”

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Related TAGS:

You can share this post!

The benefits of Ethereum 2.0 will come sooner rather than later according to Vitalik Buterin

The benefits of Ethereum 2.0 will come sooner rather than later according to Vitalik Buterin

Quick take

1 minute read

  • Vitalik Buterin, has recently answered a number of questions from the community as a part of a “ask me anything“ session on Reddit. 
  • The co-founder highlighted many different topics but specifically said that he expects some significant and noticeable network improvements to come for the project sooner rather than later. 

Vitalik Buterin, the co-founder of one of the biggest crypto projects in the industry known as Ethereum has recently answered a number of questions from the community as a part of a “ask me anything“ session on Reddit. The co-founder highlighted many different topics but specifically said that he expects some significant and noticeable network improvements to come for the project sooner rather than later. He further said:

“TLDR: merge happens faster, PoS happens faster, you get your juicy 100k TPS faster.”

Over the years, the network for Ethereum has experienced some significant rounds of high congestion. Three years ago in 2017, the popular CryptoKitties game slowed down the network massively but with the decentralised finance space growing rapidly, the network has been seriously clogged up.

As a result of this, it has led to high fees and longer than average confirmation times.

With Ethereum 2.0 very much just around the corner, there is a significant scaling upgrade solution that is supposedly going to speed up the network rapidly. This will increase the number of transactions per second and it will also move the blockchain to a different consensus algorithm known as a proof of stake. Phase 0 for the upgrade is set to occur on the 1st of December in two weeks!

The co-founder further went on to say that “all of these changes are designed to decrease the time until eth2 becomes useful to people.” 

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

You can share this post!

The second richest man in Mexico invest 10% of his portfolio into BTC

The second richest man in Mexico invest 10% of his portfolio into BTC

Quick take

1 minute read

  • Ricardo Salinas Pliego is the second wealthiest businessman in Mexico and the 166th richest man in the world. 
  • It was recently announced last week that he has invested 10% of his liquid portfolio into the leading cryptocurrency, bitcoin. 

Ricardo Salinas Pliego is the second wealthiest businessman in Mexico and the 166th richest man in the world. It was recently announced last week that he has invested 10% of his liquid portfolio into the leading cryptocurrency, bitcoin. This came after he shared a video throwing huge amounts of paper money into the garbage. Not only does it show how worthless the government-issued cash is in today’s world but it also shows how important digital assets such as bitcoin could become.

Furthermore, the video indicates the hyperinflation and how bad it got in Venezuela.

Ricardo is worth more than $11 billion at the time of writing and is the only billionaire from Mexico who seems to have benefited from the coronavirus pandemic and the economic crisis that has come as a result.

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Related TAGS:

You can share this post!