Bitwalking Partners with Misfit Launching Wearable Currency Mining Devices

Walking platform app Bitwalking and Misfit wearable devices have unveiled that they have teamed up, enabling users to generate Walking Dollars (W$) through the Misfit devices.

Designed by Nissan Bahar and Franky Imbesi, the U.K.-based Bitwalking app was created to give users an incentive to become more active while earning W$ at the same time through the simple act of walking. By converting steps into digital currency, a step is worth the same value for everyone regardless of who they are or where they are.

Now as the two team up, users will have the opportunity to mine their own W$ directly from Misfit wearable devices in the first wearable technology brand that has been Bitwalking-certified.

Speaking to CCN, Nissan Bahar, CEO of Bitwalking, said:

Misfit is at the forefront of movement tracking devices and an exciting partner for exploring how the Bitwalking world will look beyond traditional mobile devices.

By linking with the Bitwalking platform, users can generate their own W$ using their fitness tracking device or smartwatch. Bahar said that this was a natural expansion for Bitwalking to embrace:

This is another important vote of trust in the Bitwalking currency…creating a technology that walks with us and recognizes our human value.

By tapping into the fitness market it is hoped that more people will take advantage of what Bitwalking are offering at the same time getting people moving about.

For those eager to get on board, they must wait until the Bitwalking update becomes available this winter for Misfit devices. Once the update is available, users will be able to connect their Misfit device directly with Bitwalking and report steps with no need to carry their smartphone anywhere they go, according to the Bitwalking team. Those who don’t have a Misfit device will soon be able to purchase them through Bitwalking’s in-app store. These can be purchased with their generated W$.

The team, however, are confident that they will attract a large following by partnering with Misfit.

Bahar said:

Users are demonstrating great interest in such partnerships and requests to team with other vendors are coming daily.

Nokia and Bitwalking Charity Walk

At a recent Bitwalking event in São Paulo in Brazil, Bitwalking teamed up with Nokia to unveil their platform and to host a four-day Nokia-Bitwalking Walk for Cause event.

Walkers taking part were raising money for an education project in Latin America. Every W$ raised was the equivalent to $1 USD, which saw walkers raising over W$17,000. The amount raised went toward providing computers and Android OS Keepod devices to students in the area.

Bahar said that this was a successful test drive to the Bitwalking events platform together with a global partner.

This was also an important test to the Bitwalking community that demonstrated strong social engagement and values.

Featured image from Bitwalking.

https://www.cryptocoinsnews.com/bitwalking-partners-misfit-launching-launches-wearable-currency-mining-devices/

The Government of Poland Discussed Bitcoin this Week, Encouragingly

Earlier this week, the Polish government opened up the floor to bitcoin and blockchain issues, with an open meeting organized by a member of parliament that saw participation from the Polish Bitcoin Society.

The state of legislative regulation concerning companies in the bitcoin ecosystem in the country was among the main concerns bought forward by industry representatives. While the industry isn’t against regulation, the argument was for laws that wouldn’t stifle the innovation or those who were already invested in the ecosystem.

BitBay, a leading Poland-based bitcoin and altcoin exchange that participated in the meeting, revealed that the Polish government is -notably- interested in paying attention to and encouraging bitcoin- and blockchain-related endeavors in the country.

Speaking to CCN, BitBay CEO Sylwester Suszek said:

The meeting shows mutual intrest in regulation and legitimization of Bitcoin in Poland. This way the whole sector of Bitcoin and Blockchain related technologies could develop faster and in a more-friendly environment.

It shows that both sides of this dialogue are interested in cooperation for the future of Bitcoin, both on the business level and the state level.

Furthermore, Suszek noted that bitcoin companies in the country actively sought the creation of best practices against money laundering in an effort to bring increased transparency in the industry. He called for cooperation alongside legislation from the government as a means to curbing situations wherein bitcoin could be used for fraud.

A Collaborative Effort

Suszek’s hint at bitcoin and blockchain efforts at a state level will be aided by a collaborative project between industry specialists and government representatives under the “Blockchain and cryptocurrencies stream”.

In it, the Ministry of Administration and Digitization of Poland will work together with a group of cryptocurrency and blockchain specialists to oversee cryptocurrency market development as well as that of e-administration solutions, made possible by blockchain innovation.

An official publishing from the Polish Ministry revealed that the working group will look to educate Polish citizens about cryptocurrencies, highlighting how their usage would see access to data and money could be made “cheaper, faster and significantly safer.”

The outreach and work that the program will undertake includes:

• Fostering the necessary conditions to aid the development of digital currency projects and companies in Poland.
• Developing a tailored program to educate authorities, the government and the public on digital currencies
• Creating and developing blockchain accelerator projects
• Supporting and safeguarding participants of the Polish cryptocurrency industry, while improving the country’s Fintech standing, and
• Identifying the potential for blockchain technology in its application for government administration.

This effort will see multiple benefits, as outlined by the Ministry. They are:

• Stifle-free legislation and legal supervision of authorities over cryptocurrencies and blockchain technology
• Improving cryptocurrency and blockchain awareness among the public, business and government
• The possibility of modernizing public administration, which would see the digitization of information, both public and private (similar to a recent directive by the Government of Dubai). This would also mean the country’s cybersecurity infrastructure would be enhanced with blockchain technology, the Ministry noted.
• “Catching up with the most technologically advanced countries in the world (In terms of applications of cryptocurrency and blockchain technology)” the Ministry underlined.

Suszek sees many more official discussions concerning bitcoin and blockchain with the Polish government in the future.

https://www.cryptocoinsnews.com/government-poland-discussed-bitcoin-week-encouragingly/