Spanish bank Bankinter has made an investment in Coinffeine, a bitcoin startup launched in June by four engineers aiming to create a new distributed exchange platform.The investment, made through the Bankinter Innovation Foundation, is one of the first in the bitcoin ecosystem, according to the bank.Coinffeine is developing a distributed platform for the exchange of fiat money by cryptocurrencies in a secure and anonymous environment.It is designed to let users send fiat money and transfer bitcoins outside banks in a peer-to-peer (P2P) fashion.The Coinffeine desktop app, which the company likens to "BitTorrent for your bitcoins", is scheduled to launch next January."The big innovation here is the Coinffeine protocol, a mathematical model based on Game Theory.This protocol ensures the safety of the fiat-bitcoin exchange without a trusted third party and in an automated way, offering the same experience as a traditional exchange even though the transactions are really P2P," the company said in a statement.

Coinffeine co-founder Sebastián Ortega told CoinDesk the platform will provide customers with a service that combines the existing financial infrastructure with a distributed exchange."Coinffeine lets you keep ownership of your bitcoins in a way that only a distributed exchange can provide.You don't need to trust anyone, not even us, for the safeguard of your coins and you can reuse the existing financial infrastructure for handling the fiat payments."Ortega said the platform features an "astounding security model" and provides customers with a number of benefits, including low fees."You only need to pay for the payment processor fees and enhanced privacy and more flexibility, as exchanges between end-users are subject to less legal burdens across the globe," said Ortega.Coinffeine said Bankinter’s strategy is to support the startup and also become one of its main clients in the future.The company said it could not disclose the exact amount of funding it received via the Bankinter Innovation Foundation.

However, the non-profit foundation usually invests €25,000-€200,000 in promising startups.Dedicated to promoting entrepreneurship and innovation in Spain, it is funded exclusively by Bankinter."Bankinter Innovation Foundation invest in products and services that relate to its business ecosystem and, when possible, wants to be a first friendly early-adopter customer that helps the startup to develop," explained Ortega.king of bitcoin pdf"In the case of Coinffeine, we are still working on finding the best collaboration framework to make it happen."bitcoin mining diy, one of the top 5 online travel agencies in Spain that is now accepting bitcoin as a payment method for flights, hotel bookings and train tickets, becoming the first agency in Spain and second in Europe accepting bitcoins.Less than 24 hours after accepting Bitcoin, Destinia sold the first hotel+flight package with this cryptocurrency and, since then, almost daily are receiving sales.bitcoin etf ipo

They’re now using BitPay to process payments.For Stephanie Wargo, BitPay’s VP of Marketing, the attraction of Bitcoin in the tourism sector is that one of the biggest benefits to Bitcoin is that it is borderless and ideal for people who travel.bitcoin public mining poolPotentially, there could be no need to exchange currencies and she informed us that at this moment BitPay has a few merchants in the travel and tourism space and finds this space appealing to many merchants, especially those online because with Bitcoins they can take a payment from any country.This news proves that Bitcoin is hitting hard in the tourism sector where the pioneers Cheapair and BTCtrip have had a very good market response, breaking the misconception that bitcoin owners hoard their bitcoins.Ferdinand Reyes: What we can buy in Destinia with Bitcoin?litecoin app android

Amuda Goueli: Since January 28 we’re accepting payment with bitcoins, you can buy flights, hotel reservations, flight+hotel packages and Renfe’s train tickets.Currently there are some restrictions, as some hotels only allowed payment at reception and some flights where the airline will only accept payment by credit card.bitcoin airdropGradually we will expand the product base available in BTC.FR: Why has Destinia decided to use Bitcoin as payment method?tại sao bitcoin ra đờiAG: At Destinia, we’re convinced that bitcoin is the beginning of a change.bitcoin eth walletJust as the Internet has revolutionized our lives, our way of doing business … everything!bitcoin lite priceIt is true that bitcoin is today a volatile niche market, and that raises many questions, but people judge this virtual currency with the mentality and the eyes of the present and not with farsightedness.

In the future, there will be different payment methods called Bitcoins or not, but virtual currency will be a clear protagonist, and we want to be prepared when that change occurs.FR: Do you save the Destinia’s bitcoins or are you changing all bitcoins to FIAT?AG: Yes, we accept BTC payments, and we’re converting them into euros.It is a way to avoid the current volatility of virtual currency and ensure the stability of the company.FR: What is the customer response to the bitcoin payment option?AG: The reception is still spectacular, better than expected.Every day we have reservations with BTC and we believe that it’s because bitcoin communty is gaining confidence in the currency and in us.Even a German has broken all records to pay for their summer holiday (flight and hotel for five people) in BTC!Remember that we don’t charge any additional cost to our customer to use this payment system.FR: In a legal level have you had some impediment with the Bitcoin adoption?Our platform is adapted for any payment method, either global or local.