Crypto 360°

BitPay wallet: How to approve Pending Approval payment proposals?

I have a (2/2) wallet configured on both my phone and laptop.

After creating a proposal to transfer my funds from bitpay wallet to another wallet (Ledger), I can see that a "Payment Proposal" was created, and automatically approved. But it has been 4 days that it still shows as pending approval...

I tried to find a way to approve it from the bitpay wallet on MacOS, as well as on my phone, but there is just no option at all to accept anything. The only action I can do is "Delete Payment Proposal".

Taking a look further at my wallet type (2/2), it seems to be a Multisignature wallet, though the lack of options to approve anything in the app.

https://support.bitpay.com/hc/en-us/articles/360032618692-What-is-a-Multisignature-Multisig-or-Shared-Wallet-

Does anyone have any idea on why there isn't an option to accept the transaction?

submitted by /u/raolivei
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source https://www.reddit.com/r/btc/comments/k51fsa/bitpay_wallet_how_to_approve_pending_approval/

XBT

I've aways wondered why some exchanges list Bitcoin as BTC and some as XBT. Today I decided to spend 10 seconds to find out:

Being that Bitcoin is decentralized, there is no standard, nor governing body, to dictate what notation should be used for it. Nonetheless, "BTC" has been the generally accepted abbreviation for Bitcoin stemming from the early days of Bitcoin.

"XBT" is a new abbreviation for Bitcoin that is starting to come into use and reflects its growing legitimacy as an international currency.

The abbreviation "XBT" comes from the International Standards Organization (ISO) that maintains a list of internationally recognized currencies. The standard dictates that if a currency is not associated with a particular country, it should begin with an “X”, hence "XBT". Another example of this is the abbreviation for gold, "XAU".

https://support.kraken.com/hc/en-us/articles/360001206766-Bitcoin-currency-code-XBT-vs-BTC

submitted by /u/W944
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