Redeem Your TrustPoints for Cash, Gift Cards & More

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Introducing SolidTrust Pay’s Exclusive Member Rewards Program!

Did you know that as a SolidTrust Pay member you are automatically enrolled in our TrustPoints Rewards Program? At SolidTrust Pay, we are always looking for ways to give back to our valued members and that’s why we created TrustPoints. Every time you use your SolidTrust Pay account you earn points. For every $10 worth of funds you transfer to a merchant or member account, you earn 1 TrustPoint. Your points never expire and you can redeem them when your balance reaches as little as 100 TrustPoints.

So what can you do with your TrustPoints? The simple answer: A lot! When you have accumulated a preset amount of TrustPoints, you can redeem them for gift cards, receive a cash deposit into your SolidTrust Pay account, transfer them to other SolidTrust Pay members, or donate them to a charity. Of course, you don’t have to rush to redeem your points. You can watch your TrustPoints pile up and save them for larger rewards.

In addition to our TrustPoints Rewards Program, we also provide Buyer Protection, Emergency Account Funding, and Beneficiary Services. We always strive to exceed your expectations, and for this reason, we offer Buyer Protection to all our members. We will tirelessly work with you and our merchants to resolve any product or service disputes until you are completely satisfied with the outcome. Additionally, our Emergency Account Funding program prioritizes your funding and withdrawal requests, ensuring that most transactions are completed in under 24 hours. Finally, SolidTrust Pay’s exclusive Beneficiary Program safeguards your funds against automatic account suspension due to extended periods of inactivity. This service guarantees that any assets in your account become part of your estate.

Our TrustPoints Rewards program is yet another reason to choose SolidTrust Pay. We are always looking for ways to improve our members’ experience and give back to the millions of users who rely on our services. Your account is so much more than a convenient e-wallet and payment processor. It’s a gateway to a thriving global community dedicated to service!

 

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2019 Bitcoin Forecast

2018 was a volatile year for Bitcoin. The cryptocurrency traded near the $20,000 USD mark in December 2017, but the record-breaking ascent was not to last. Its decline began in January 2018 and continued through to December. With the current value of Bitcoin hovering near $4,000 USD, cryptocurrency experts are divided on the coin’s 2019 performance predictions.

In an article published last month, a panel of Bloomberg analysts declared that the cryptocurrency market in 2019 will be marked by F-U-D, an acronym for fear, uncertainty, and doubt. Extrapolating from Bitcoin’s negative price trend, the analysis neglected to investigate the rapid growth of the blockchain industry. For the uninitiated, blockchain is a public ledger of every transaction that has taken place which cannot be tampered with or altered. However, blockchain is more than a decentralized record book. It is a technological innovation poised to disrupt numerous industries from banking to education and healthcare.

LinkedIn, the popular business networking site, declared that blockchain development was among the fastest growing job sector in 2018, a fact confirmed by research undertaken by the job recruitment and review site Glassdoor. Despite falling prices and insecurity in the cryptocurrency market, blockchain jobs are poised to continue their rapid expansion. This information lends credibility to analyst claims that alternative currencies like Bitcoin are here to stay and well positioned to transform how we think about money and interact with the global economy.

Despite the surge of the blockchain industry and rapid adoption of Bitcoin by the public, many experts remain cautious about the currency’s growth potential in 2019. Kenneth Rogoff, Harvard professor and former International Monetary Fund economist, contends that the value of Bitcoin will continue to plummet, reaching $100 USD within 10 years. His prediction is based on his long-held belief that governments will levy strict regulations against anonymous virtual currencies. This opinion is also shared by Kristjan Dekleva, head of risk management at Blocktrade.com. Dekleva believes that price volatility will continue to define the alternative currency market, with stability being reached within a decade. He further argues that it is unlikely that Bitcoin will witness a return to its record-setting 2017 value.

A quick survey of pundit interviews reveals that this opinion is not shared by all. Many cryptocurrency analysts and supporters are singling out 2019 and 2020 as breakout years for Bitcoin.  John McAfee, the founder of the popular McAfee antivirus software, predicts that Bitcoin’s price will hit $1 million USD by 2020. This assertion follows his 2017 prediction of $7,000 USD which was surpassed. Like McAfee, popular venture capitalist Tim Draper believes that Bitcoin will reach a six figure valuation within 3 years. In 2014, with the alternate currency hovering around $400 USD, Draper predicted Bitcoin to reach $10,000 USD before 2018. His prediction was fulfilled 6 months early. With successful bets wagered with Tesla, Skype, and Twitter, many are taking Draper’s prediction seriously.

The University of Cambridge estimates that there are currently between 2.9 to 5.8 million active Bitcoin users. As adoption of cryptocurrencies continue to reach new markets, users are preparing themselves for what will likely be an exciting year ahead.

 

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Do you think 2019 will be a record-breaking year for Bitcoin? Let us know in the comments section below or on our official SolidTrust Pay Facebook page. Also, if you enjoyed this post, please follow us on Facebook and Twitter for news, updates, and more great content!


Equifax Data Breach and SolidTrust Pay

Credit-monitoring company Equifax Inc. suffered a security breach that could affect up to 143 million people in the United States, as well as expose the “limited personal information” of an undisclosed number of Canadian and British Equifax users.

Equifax did not indicate the number of Canadians/British that could be affected or how, and Equifax Canada spokesperson Tom Carroll said the company is not providing any further information on the impact of the hack in Canada.

Based in Atlanta, Equifax is one of three major credit bureaus in the United States. Between May and July of this year, the company stated that cyber-attackers exploited a U.S. website application to access files which contained the personal information sought by the hackers.

“On a scale of 1 to 10, this is a 10 in terms of potential identity theft,” said Gartner security analyst Avivah Litan. “Credit bureaus keep so much data about us that affects almost everything we do.”

Names, addresses, birthdates, social security numbers and drivers license numbers were all among the information obtained. Equifax said its core credit-reporting databases don’t appear to have been breached.

“This is clearly a disappointing event for our company, and one that strikes at the heart of who we are and what we do,” Equifax CEO Richard Smith said in a statement. “I apologize to consumers and our business customers for the concern and frustration this causes.”

For more information, and to find out if you have been personally affected, you can use the website www.equifaxsecurity2017.com, which has been set up by Equifax. The website allows users to verify if their information was potentially affected, and helps them sign up for the free credit-file monitoring and identify-theft protection offered by Equifax in light of the breach.

NOTE: Some people are furious about the site’s functionality, and it includes an arbitration clause, which means that people who use the site waive their rights to a class-action lawsuit.

While SolidTrust Pay was not affected by the attack, events such as these serve as a reminder to always employ best security practices. We suggest that users update passwords and use a password manager, delete old accounts with personal information if you are no longer using them, and follow our 10 steps for better internet safety!


International Day of Family Remittances – STPay RESULTS!

This past Friday, June 16, 2017, SolidTrust Pay is proud to announce that we joined 90 other leading payment processors and online money transfer operators in recognizing the International Day of Family Remittances (IDFR) and signing the IMTC pledge to work together to enhance innovative financial technology, provide greater efficiency and lower costs for a more accessible financial sector to all.

We chose to show our support by making all member-to-member transactions completely free on that day! Below are the results, which we’ve decided to share publicly to inspire and encourage others in our industry to act.

On June 16, 2017, $10,116.62 was sent through SolidTrust Pay in a total of 122 transfers to/from 39 different countries without paying a single cent in fees! The majority of the transfers were made from the UK, Canada, the US, Pakistan and Japan and among the top receiving countries were Serbia and Singapore.

We’re pleased with the results of our first participation event in the IDFR, and we look forward to making an even bigger contribution next year!