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How Bitcoin community helps Italy during coronavirus emergency

Looking at the fundraising campaign powered by Croce Rossa and Young Platform: Bitcoin are a powerful tool to deliver fast economical aid during calamities,

On April 6th the second level Advanced Medical Post for pre-triage was set up in Castel Gandolfo by the Italian Red Cross – Colli Albani Committee. The AMP was purchased using the bitcoin donations raised thanks to the Helperbit platform and with the support of Young and Blockchain Education Network Italy, and in a short time, it was delivered and deployed.

On March 12th, Colli Albani Committee launched a bitcoin fundraising campaign focused on the COVID-19 emergency in Italy. This was the first initiative in the cryptocurrency sector and this led to media attention and international visibility. The first target of € 10,000 in BTC was achieved in just three days; it was possible to quickly exchange the raised money in Euro and purchase the material needed to build the AMP, which is already functioning at the time of writing. The fees of the procedures, from the initial donations to the purchase, are worth 0.55%.

The campaign is still running and the second target of € 25,000 in BTC is almost reached.

Bruno Pietrosanti, President at Colli Albani Committee, said: “With great pleasure, we reached the first main milestone of our fundraising. We are happy to have turned the received donations into a tangible aid and we are excited to have received so much help from the Bitcoin community.”

Guido Baroncini Turricchia, CEO at Helperbit, commented: “When Colli Albani Committee sent me photos of the tent, a gift granted by the solidarity of the Bitcoin community, I was excited. The efforts of Helperbit, jointly with Bitcoin donors, are now saving lives and helping to protect first responders on the front line. Those people, that in the silence of their home donated to the project, must be proud to be part of this charitable initiative. Bitcoin confirmed to be a powerful tool, a technology that allows to deliver direct and fast international aid during calamities, increasing also the transparency level. ”

Fundraising project created by Colli Albani

The Italian Red Cross – the Colli Albani team during the set-up at Castel Gandolfo
The QR code, which shows the Bitcoin address managed by the Albani Colli Committee
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Join Young Platform and the Italian Red Cross in the fight against the Coronavirus

Young Platform is here to play its part with the Italian Red Cross  and Helperbit, by launching a fundraising campaign in Bitcoin for the purchase and setup of an advanced field hospital for the COVID-19 pre-triage.

Thanks to your help we will be able to guarantee more beds and medical staff to take care of new patients by helping the work of the Emergency Room and thus avoiding to expose the hospital staff to infection.

Now is the time to make your contribution and give your support. Italy is teaching the whole world that in times of real crisis we are able to respond to emergencies with speed and great pragmatism.

Help us achieve this goal!

How can I donate Bitcoin?

  1. Log in to Young Platform 
  2. Go to the Wallet section
  3. Click on Withdraw
  4. Select Bitcoin
  5. Enter the wallet address of the Beneficiary (Wallet Italian Red Cross)   3NpNJfgpYVyZSa8YCfUufC3idVtF3iSX6d
  6. Enter the amount you wish to donate in BTC
  7. Confirm the operation by clicking on Withdraw BTC
  8. You will be asked to confirm the operation with the OTP via email
    or Google Authenticator if you set it up.

You can check the address of the Red Cross Wallet by clicking on DONATE NOW. You will be redirected to the official charity collection page.

How can I donate Ethereum and Litecoin?

  1. Click DONATE NOW.
  2. The Helperbit campaign page will open up.
  3. Click Donate.
  4. Select the currency you wish to use (from Young Platform you can send only LTC and ETH).
  5. Copy the wallet address provided by Helperbit and paste it on Young Platform in the Withdraw page > Withdraw button > Ethereum or Litecoin depending on what you want to donate.
  6. Enter the amount you want to donate.
  7. Confirm the operation by clicking on Withdraw.
  8. You will be asked to confirm the operation with the OTP via email
    or Google Authenticator if you set it up.

Young Platform’s CEO, Andrea Ferrero, commented: “I strongly believe that blockchain technology is more effective and transparent to support this kind of initiatives. Young Platform is a company whose goal is to create or exploit innovative models to improve existing procedures and we will always be at the frontline in setting up projects like the one we are undertaking for the Red Cross”.

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Data Protection and Security on Young Platform

For us at Young, the safety of our users comes first. We use the Identity Verification (KYC) procedure and Anti Money Laundering (AML).

When you buy and sell cryptocurrencies, you should operate on certified, reliable and compliant platforms. This is to protect your funds from potential fraud, criminals who try to create fake accounts to launder money or criminals who want to hack the system. The first form of security that an exchange platform must put in place to defend its users from these potential dangers is the Identity Verification (KYC) procedure.

Many are asking us what exactly the Identity Verification (KYC) procedure is and why it’s important, so we thought we’d prepare an article with everything there is to know about your security when you operate on the Young Platform exchange.

What is KYC?

The Know Your Customer procedure, better known as KYC, is nothing more than the identification process used by banks, financial intermediaries and even cryptocurrency exchanges to certify that a user is a real, natural person.

Cryptocurrency exchanges are considered by European legislation as real financial operators, so they are required to comply with the same rules as a bank. The procedure only takes a few minutes. The user must provide his or her ID, a photo of his or her face and indicate where he or she is domiciled and resident.

Our partner provider Onfido matches the user’s selfie with the photo on the ID and verifies that it is the same person. Simultaneously, it is able to report if the person has a serious criminal record, if he is a politically exposed person, a terrorist or subject to serious sanctions.

All potentially dangerous individuals are blocked and cannot create their account. This guarantees the Young Platform community, as well as the community of all exchanges that comply with European regulations, to work together with real, natural persons with no criminal record. Checks are performed periodically for the same purpose.

So to sum up, the main objective of KYC is to verify the identity of the user, with the dual purpose of protecting the user and the company from attempts at corruption, online fraud and money laundering practices.

How is my personal data used?

The idea behind the Privacy Policy is very simple: the protection of the user must be at the heart of any data collection process.

In particular, online platforms for financial activities such as the exchange Young Platform are designed from the very beginning with data protection in mind. This means that, by definition, the entire investment process on a regulated exchange is transparent, traceable and explicit.

The user’s personal data is stored and processed by Young Platform in this way and for these purposes:

  • Without being sold to third parties.
  • To allow customers and potential customers to access and use Young’s products and services.
  • To counter eventual cyberattacks and illegal activities such as abuse and misuse and to administer and update databases containing the user’s personal data.
  • To understand the feedback received on Young’s products and services and to provide additional information to customers and prospective customers on the use of these customized products and services in a quick and easy way.

What is AML or Anti-Money Laundering?

AML (Anti Money Laundering) refers to the preventive action and the campaign against money laundering. Money laundering and terrorist financing are criminal phenomena which, because of their global extent, pose a threat to the real economy and have serious destabilising effects on the banking and financial system.

In light of the dangerous nature of these phenomena, Young responds by setting up the Anti-Money Laundering Function, designed to prevent and tackle money laundering operations, by working with institutions and professionals.

Young’s Anti-Money Laundering Function complies with the 5th AML Directive issued by the European Union.
Young is also committed to raising awareness on the prevention and mitigation of money laundering and terrorist financing.

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Young Platform supports the first italian capital increase in bitcoin and ether

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Bitcoin and ether held on Young Platform in the first italian capital increase in cryptocurrency.

Young Platform backed BAI.G. Research Center Impresa Sociale S.r.l. in the first capital increase in cash and cryptocurrencies, the only one of its kind in Italy. 

BAI.G deliberated that part of the increase could be carried out through the sale of credits backed by a certain amount of bitcoin and ether held on Young Platform, chosen as a partner and guarantee for this operation.

“We are honoured to have been chosen by BAI.G. for this operation, which represents a milestone in Italy”, says Andrea Ferrero, CEO & Co-Founder of Young Platform.

The operation, unique in its kind, stands out in at least two aspects.

  1. For the first time, an asset has been conferred in the form of the native cryptocurrency of the blockchain Ethereum, ether (ETH), in addition to bitcoin (BTC). It is, therefore, the first multi-crypto-currency corporate operation.
  2. The second is the very nature of the conferment of credits by the clients towards a wallet provider, i.e. that it consists of two distinct cryptocurrencies.

The choice fell on the two cryptocurrencies with the greatest diffusion in the world and a national wallet provider such as Young Platform was chosen to act as custodian, guaranteeing, as long as it holds these cryptocurrencies are held by it, a point of reference for Italian jurisdiction in the case of provisions issued by the national authorities.

Precisely for these reasons and with the intention of establishing the best practice, BAI. G will keep its crypto-assets or cryptocurrencies in the care of third parties such as Young for the entire duration of its existence. 

This operation, therefore, represents a further step forward in the process of adapting the national legal system to the challenges presented by cryptocurrencies and, in general, by the blockchain.  Moreover, the intervention of an Italian exchange such as Young Platform, increases the security level of the operation, not only for the social creditors, but also for the national authorities.

young platform supports the first italian capital increase in bitcoin and ether

Read the News on the Cryptonomist 

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Young Platform was selected for Slush Helsinki

Today Young Platform had the pleasure to present its exchange platform at the greatest investors’ meeting in the world: Slush Helsinki.

Over the past five years, Slush has become the world’s largest venture capital fundraising event. In 2018, more than 1,800 investors joined Slush, representing a capital of over $200 billion. This year, the number of investors has risen to 2,000 and they are going to consider more than 3,500 startups at the Expo and Convention Center in Helsinki.

With an invested capital of $100 million, 2019 has been the best year of the decade for European technology companies.

Slush is, therefore, another essential step in the process of Young Platform’s internationalisation, an opportunity to exchange views with other emerging companies and meet a crowd of investors who are vertical on the technology sector.

We look forward to seeing you at our stand!

The Young Team

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Young Platform launches its exchange at the Crypto Coinference

After the Lisbon Web Summit, Young Platform is ready for the official launch of its exchange at the Crypto Coinference 2019, the most important event dedicated to crypto and blockchain in Italy.

The event is scheduled for Thursday, November 14th at the Novotel Milano Nord Ca’ Granda, Viale Giovanni Suzzani, 13, Milan.

Throughout the day, 2 members of our team will participate as speakers in the conference panel:

Hall 2 – from 12.55 am to 1.15 pm

Crypto Made Easy – The crypto-ecosystem for the next generation of investors

The Co-Founder & CEO Andrea Ferrero presents the Young Platform exchange to an audience of experts and enthusiasts.

Hall 1 – from 10.30 am to 10.50 am

Alternative finance, from exchanges, to wallets and trading investing

Our Chief Marketing Officer Diego D’Aquilio, together with Enrico Pacusse, TradingView Growth Director for Italy and Christian Miccoli, Co-Founder & Co-CEO at Conio and Former President & CEO at CheBanca will take part in the debate.

The whole team will be waiting for you at the Young exhibition stand to meet you and tell you all about the specific features of our platform.

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Young Platform at the Lisbon Web Summit: the journey continues

Lancement de l'échange au Lisbon Web Summit

In Lisbon to present the exchange Young Platform and talk about the future of blockchain.

Young Platform had the pleasure and the honor to attend the 2019 edition of the Lisbon Web Summit, the most important event dedicated to technology and startups in the world.

The numbers are impressive: during these 4 days (from 4 to 7 November) more than 70,000 people participated, including 1,500 investors and 2,000 journalists.

As far as the Young Team is concerned, CEO Andrea Ferrero, COO Alexandru Stefan Gheban, CTO Samuele Raimondo, CMO Diego D’Aquilio, Innovation Manager Alessandro Perillo and our Advisor Mariano Carozzi attended the event.

It was an indescribable emotion for us to be able to present our flagship product: the exchange Young Platform, with which you can buy and sell the main cryptocurrencies such as Bitcoin and Ethereum in a simple, fast and secure way.

During these 4 days we have been able to exchange views with startups, entrepreneurs, investors and visitors from all over the world who gave us their feedback on our project.

On the opening night, we were impressed by Edward Snowden’s speech live from Russia that made us further understand how much a new phase of the web is needed (the so-called Web 3.0) of which the blockchain will be the backbone technology.

While speaking with the fintech market leaders (including Revolut and eToro) we established that the financial market is in great difficulty and that the “traditional” players will have to completely reinvent themselves if they want to survive.

The organisation of the event was quite impressive: hundreds of volunteers from all over the world helped make this experience memorable, also by making life easier for all of us exhibitors.

Ultimately, we can say that the Web Summit is an actual experience, and not just an event, from which we return motivated to achieve all the ambitious goals we have set for ourselves, starting with the official launch of our exchange Young Platform.

See you next year, Lisbon

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Young Platform announces exchange launch at Lisbon Web Summit

Lancement de l'échange au Lisbon Web Summit

Yesterday, at the Lisbon Web Summit, Young Platform showcased its exchange, which will allow to buy and sell bitcoins and other major cryptocurrencies.

The Web Summit is the world’s largest technology conference, as it brings together the founders and CEOs of the industry’s most influential technology companies, fast-growing start-ups, ministers and experts.

With more than 70,000 visitors expected, including 1,500 investors and 2,000 journalists, the Web Summit is the perfect occasion to officially announce our signature product, the cryptocurrency exchange.

Our CEO Andrea Ferrero will tell you about the experience at the Web Summit live on Facebook.

Stay tuned: the Live streaming could begin at any time today!

On the occasion of the launch, the Young Ecosystem website has a new look! Discover it now!

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Young Platform is now partner with the Mauriziano Hospital of Turin

Post your steps during the day, collect points and win medical services!

Are you out with your four-legged friend? Are you shopping through the streets of the city centre? Or are you a marathon runner training? Walking is a daily gesture that can help maintain our health, but we are often unaware of it.

This is why, with the Mauriziano Hospital in Turin, we are creating an app to help people with cardiovascular problems, based on the simple act of walking.

Collaborate with us on the project to help us win the “La prevenzione scorre” (“prevention runs”) contest.

Only by winning the contest will we be able to create the app!

How to help us

Post on Facebook a photo of the km/miles covered during the day (for example with a screenshot of the Health app) and remember to insert the tag of the initiative @la prevenzione scorre, the hashtag #scorre18 and the movement mode: #bike or #foot

The project

Walking is an activity that is good for cardiovascular health and it is less practiced by those who need it most. An American study on 30,000 subjects indicates the activity of walking is less practiced among those with risk factors (obesity, diabetes / dyslipidaemia, hypertension) or suffering from cardiovascular disease.

To encourage people to change their lifestyle, we have devised a strategy that is based on rewarding the steps taken during the day. The steps are calculated by a free App, “MindStep”, which updates the results in real time, shows the history of your progress, creates a ranking of the most active “walkers” and converts the amount of steps collected into points that you can spend in health bonuses.

A simple walk can, for instance, give access to a cardiological and nutritional counselling aimed at prevention, or athletic and osteopathic therapy to correct and prevent activity-limiting disorders, or a workshop in breathing techniques and autonomous training.

Thanks to the App, people can have the increased perception that even a simple daily gesture like walking translates into a real gain in health and savings for medical examinations, as well as an effective method of prevention.

We want to promote interactive, new and informed health education. In this way, the health programme becomes an extended educational tool that provides handy examples, testimonials, and reminders of virtuous behaviour through push notifications, verification of the strategic detail of one’s lifestyle and video-recordings of the breathing techniques taught during the autonomous training day. Combined with the game-like functionality of the App and sharing on social networks, this supports those who start to change their lifestyle and rewards those who are already active, encouraging them to do well and feel better.

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Young Platform at the Barcelona Trading Conference

The Barcellona Trading Conference: for Young Platform an opportunity to learn about the latest developments of the technology and to network with internetional experts.

On the 10th and the 11th of July, the Crypto-Industry leaders will gather inside the CCIB in Barcelona for the Barcelona Trading Conference (BTC).

Key players from every branch of the industry are going to attend: innovators, opinion leaders, brokers, exchanges, digital tech companies, but also banks and institutions. The event aims, in fact, to allow the adoption of crypto-assets by the institutions, and the attendance of the main representatives of the Catalan government (one of the top sponsors) is a guarantee of this. The crypto world doesn’t intend to remain a niche-sector, instead, it is opening up and interacting with the “old world”, and someone out there seems to be listening.

Among the numerous international participants, you’re going to find also Young Platform, represented on site by Diego D’Aquilio, CMO at Young Platform, who will have the chance to network with other experts and professionals in the field, to attend workshops about the latest developments of the technology and discussions on the hottest topics.

The conference promotes the exchange of visions between people coming from a vast range of career backgrounds and cultures, consequently stimulating the progress and expansion of the industry.

The goal is to find new ways for crypto-assets to interlock with the economical and financial systems in force, in a way that may benefit both parties, multiplying the chances and resources at all levels of business, from SMEs to state policies.