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Remitano Clone Script

Remitano Clone Script is the most mainstream shared digital money trade site over the world. Here you can exchange a wide scope of famous digital currencies in a safe way. Remitano trade was dispatched in 2015 and settled in Seychelles. With this trade, crypto-clients can purchase, sell bitcoins and different digital currencies in various installment techniques. For example, bank move, bank money store, portable cash. This trade is canvassed with tight security so as to dodge security dangers.

Remitano Clone Script trade accompanies the escrow administration when the client needs to sell Bitcoin or some other digital currencies. Specialists in the crypto-space say that this trade is quick and secure for Bitcoin exchanging. This trade accompanies the crypto-wallet administration so clients can store their advanced monetary forms in a problem free way.

This trade underpins all the major crypto-coins that are available in the crypto market. For example, Bitcoin, EOS, Bitcoin Cash, Ethereum, Ripple, and Tether. Additionally, this trade is upheld in more than 30+ nations around the globe, for example, India, Cambodia, Malaysia, Singapore, and other mainstream nations. One can dispatch their own trade stage like Remitano by utilizing a Remitano clone content.
submitted by 123shelly123verma to u/123shelly123verma [link] [comments]

Remitano Clone Script

Remitano Clone Script is the most mainstream shared digital money trade site over the world. Here you can exchange a wide scope of famous digital currencies in a safe way. Remitano trade was dispatched in 2015 and settled in Seychelles. With this trade, crypto-clients can purchase, sell bitcoins and different digital currencies in various installment techniques. For example, bank move, bank money store, portable cash. This trade is canvassed with tight security so as to dodge security dangers.

Remitano Clone Script trade accompanies the escrow administration when the client needs to sell Bitcoin or some other digital currencies. Specialists in the crypto-space say that this trade is quick and secure for Bitcoin exchanging. This trade accompanies the crypto-wallet administration so clients can store their advanced monetary forms in a problem free way.

This trade underpins all the major crypto-coins that are available in the crypto market. For example, Bitcoin, EOS, Bitcoin Cash, Ethereum, Ripple, and Tether. Additionally, this trade is upheld in more than 30+ nations around the globe, for example, India, Cambodia, Malaysia, Singapore, and other mainstream nations. One can dispatch their own trade stage like Remitano by utilizing a Remitano clone content.
submitted by 123shelly123verma to u/123shelly123verma [link] [comments]

Remitano Clone Script

Remitano Clone Script is the most mainstream shared digital money trade site over the world. Here you can exchange a wide scope of famous digital currencies in a safe way. Remitano trade was dispatched in 2015 and settled in Seychelles. With this trade, crypto-clients can purchase, sell bitcoins and different digital currencies in various installment techniques. For example, bank move, bank money store, portable cash. This trade is canvassed with tight security so as to dodge security dangers.

Remitano Clone Script trade accompanies the escrow administration when the client needs to sell Bitcoin or some other digital currencies. Specialists in the crypto-space say that this trade is quick and secure for Bitcoin exchanging. This trade accompanies the crypto-wallet administration so clients can store their advanced monetary forms in a problem free way.

This trade underpins all the major crypto-coins that are available in the crypto market. For example, Bitcoin, EOS, Bitcoin Cash, Ethereum, Ripple, and Tether. Additionally, this trade is upheld in more than 30+ nations around the globe, for example, India, Cambodia, Malaysia, Singapore, and other mainstream nations. One can dispatch their own trade stage like Remitano by utilizing a Remitano clone content.
submitted by 123shelly123verma to u/123shelly123verma [link] [comments]

Remitano Clone Script

Remitano Clone Script is the most mainstream shared digital money trade site over the world. Here you can exchange a wide scope of famous digital currencies in a safe way. Remitano trade was dispatched in 2015 and settled in Seychelles. With this trade, crypto-clients can purchase, sell bitcoins and different digital currencies in various installment techniques. For example, bank move, bank money store, portable cash. This trade is canvassed with tight security so as to dodge security dangers.

Remitano Clone Script trade accompanies the escrow administration when the client needs to sell Bitcoin or some other digital currencies. Specialists in the crypto-space say that this trade is quick and secure for Bitcoin exchanging. This trade accompanies the crypto-wallet administration so clients can store their advanced monetary forms in a problem free way.

This trade underpins all the major crypto-coins that are available in the crypto market. For example, Bitcoin, EOS, Bitcoin Cash, Ethereum, Ripple, and Tether. Additionally, this trade is upheld in more than 30+ nations around the globe, for example, India, Cambodia, Malaysia, Singapore, and other mainstream nations. One can dispatch their own trade stage like Remitano by utilizing a Remitano clone content.
submitted by 123shelly123verma to u/123shelly123verma [link] [comments]

Remitano Clone Script


Remitano Clone Script is the most mainstream shared digital money trade site over the world. Here you can exchange a wide scope of famous digital currencies in a safe way. Remitano trade was dispatched in 2015 and settled in Seychelles. With this trade, crypto-clients can purchase, sell bitcoins and different digital currencies in various installment techniques. For example, bank move, bank money store, portable cash. This trade is canvassed with tight security so as to dodge security dangers.

Remitano Clone Script trade accompanies the escrow administration when the client needs to sell Bitcoin or some other digital currencies. Specialists in the crypto-space say that this trade is quick and secure for Bitcoin exchanging. This trade accompanies the crypto-wallet administration so clients can store their advanced monetary forms in a problem free way.

This trade underpins all the major crypto-coins that are available in the crypto market. For example, Bitcoin, EOS, Bitcoin Cash, Ethereum, Ripple, and Tether. Additionally, this trade is upheld in more than 30+ nations around the globe, for example, India, Cambodia, Malaysia, Singapore, and other mainstream nations. One can dispatch their own trade stage like Remitano by utilizing a Remitano clone content.
submitted by 123shelly123verma to u/123shelly123verma [link] [comments]

Remitano Clone Script

Remitano Clone Script is the most mainstream shared digital money trade site over the world. Here you can exchange a wide scope of famous digital currencies in a safe way. Remitano trade was dispatched in 2015 and settled in Seychelles. With this trade, crypto-clients can purchase, sell bitcoins and different digital currencies in various installment techniques. For example, bank move, bank money store, portable cash. This trade is canvassed with tight security so as to dodge security dangers.

Remitano Clone Script trade accompanies the escrow administration when the client needs to sell Bitcoin or some other digital currencies. Specialists in the crypto-space say that this trade is quick and secure for Bitcoin exchanging. This trade accompanies the crypto-wallet administration so clients can store their advanced monetary forms in a problem free way.

This trade underpins all the major crypto-coins that are available in the crypto market. For example, Bitcoin, EOS, Bitcoin Cash, Ethereum, Ripple, and Tether. Additionally, this trade is upheld in more than 30+ nations around the globe, for example, India, Cambodia, Malaysia, Singapore, and other mainstream nations. One can dispatch their own trade stage like Remitano by utilizing a Remitano clone content.
submitted by 123shelly123verma to u/123shelly123verma [link] [comments]

Remitano Clone Script

Remitano Clone Script is the most mainstream shared digital money trade site over the world. Here you can exchange a wide scope of famous digital currencies in a safe way. Remitano trade was dispatched in 2015 and settled in Seychelles. With this trade, crypto-clients can purchase, sell bitcoins and different digital currencies in various installment techniques. For example, bank move, bank money store, portable cash. This trade is canvassed with tight security so as to dodge security dangers.

Remitano Clone Script trade accompanies the escrow administration when the client needs to sell Bitcoin or some other digital currencies. Specialists in the crypto-space say that this trade is quick and secure for Bitcoin exchanging. This trade accompanies the crypto-wallet administration so clients can store their advanced monetary forms in a problem free way.

This trade underpins all the major crypto-coins that are available in the crypto market. For example, Bitcoin, EOS, Bitcoin Cash, Ethereum, Ripple, and Tether. Additionally, this trade is upheld in more than 30+ nations around the globe, for example, India, Cambodia, Malaysia, Singapore, and other mainstream nations. One can dispatch their own trade stage like Remitano by utilizing a Remitano clone content.
submitted by 123shelly123verma to u/123shelly123verma [link] [comments]

Remitano Clone Script

Remitano Clone Script is the most mainstream shared digital money trade site over the world. Here you can exchange a wide scope of famous digital currencies in a safe way. Remitano trade was dispatched in 2015 and settled in Seychelles. With this trade, crypto-clients can purchase, sell bitcoins and different digital currencies in various installment techniques. For example, bank move, bank money store, portable cash. This trade is canvassed with tight security so as to dodge security dangers.

Remitano Clone Script trade accompanies the escrow administration when the client needs to sell Bitcoin or some other digital currencies. Specialists in the crypto-space say that this trade is quick and secure for Bitcoin exchanging. This trade accompanies the crypto-wallet administration so clients can store their advanced monetary forms in a problem free way.

This trade underpins all the major crypto-coins that are available in the crypto market. For example, Bitcoin, EOS, Bitcoin Cash, Ethereum, Ripple, and Tether. Additionally, this trade is upheld in more than 30+ nations around the globe, for example, India, Cambodia, Malaysia, Singapore, and other mainstream nations. One can dispatch their own trade stage like Remitano by utilizing a Remitano clone content.
submitted by 123shelly123verma to u/123shelly123verma [link] [comments]

Online gambling legislation and regulation. Starting your own gambling product.

Online gambling legislation and regulation. Starting your own gambling product.

Mobile gambling
If you plan to develop an app with the ability to deposit and withdraw real money, then such a product automatically falls into the category of gambling and you will need to license your business for successful operation.
Mobile and Web Based Apps
So let’s talk about the different kinds of online gambling apps available on web and mobile. We’ll be covering both free-play gaming apps and real money casino app games you can find for iOS, Android devices and web browsers.
Mobile gambling is more common for poker, casino, bingo, and skill games. They have advantages in terms of a low barrier to enter the market, instant liquidity, product knowledge, and marketing expertise, minimal infrastructure costs, and the ability to bring a brand to the market quickly. Consequently, this form of gambling does not sit neatly with jurisdictional boundaries. Multiple gambling opportunities are available, including betting on various events and markets, in a relatively simple format. Gambling products can also be integrated into betting on television shows or virtual racing and sports games as well as offering lotteries, bingo, poker and casino games.
Most Popular Gambling Apps
Sports betting, casino, poker and lotteries are the most popular forms of online gambling. However, other forms are available too. These include the following: Bingo, slot machines, different card games, roulette and other game of chance. One of the best things about online gambling and betting apps is the number of choices you have.

Sports Betting

Betting means making or accepting a bet on the outcome of a race, competition, or other event or process, the likelihood of anything occurring or not occurring, or whether anything is or is not true. Today most sports betting is done via mobile-friendly sites and apps.
Today most sports betting is done via mobile-friendly sites and apps.
The introduction of live betting for sports like soccer and tennis means that bettors who are sitting inside stadiums watching games can now pick up their mobile devices and find real-time betting value with the best sports gambling apps. This has really unlocked a door to the future of sports gambling and the popularity of online gambling apps.

Poker

Many sites offer free poker, where no real money is wagered, although in some cases players can accumulate credits that can be exchanged for prizes. This is the case why people are going to play for real money. There is an ongoing debate over whether poker should be classified as a game of chance or skill. The parameters of legal poker playing are still unclear and differ between jurisdictions. Since you are not gambling with money, I’m pretty sure under the law it’s just a video game for now.

Blackjack

Blackjack is the game of choice to many high-rollers and do you know why? Because blackjack is a challenging, logic and skill-based game where your thinking, strategy, and calculations determine the outcome of the game.

Bingo

Bingo is one of the most popular and socially accepted games in the world. Bingo is a traditional form of gambling that has seen considerable innovation in recent years. It is also the only form of gambling recognized in the Gambling Act that does not have a specific statutory definition, the Act providing simply that “bingo” means “any version of that game, irrespective of by what name it is described”. Bingo must be played as an equal chance game. For game to be classed as “bingo” it must meet the Act’s definition of “equal chance gaming” (as opposed to casino gaming). Thus, it: must not involve playing or staking against a bank, and must be a game in which the chances are equally favorable to all participants in the sense that each ticket or chance has the same probability of success as any other.
Licensed bingo is a well-regulated and socially responsible form of gambling that takes place in a safe environment. Many sites offer multiple forms of bingo with different features, types of games, and costs of play. These sites often cater specifically for women and some research suggests that they may appeal to markets who would not typically engage in traditional forms of gambling.

Slots

Slot machine is one of the most beloved game among the gambling community and it has been a part of the industry for a long time. They provide fun and entertainment and their simplicity allows gamers to start playing at once. This can play out in different ways depending on the machine you’re playing. For instance, there’s Pick a Fortune, a five-reel, 20 line game that puts players right in the studio of a television game show, including the potential to play a Deal or No Deal-style bonus round. A super trend over the past few years is mobile-friendly slot games. These apps and websites were developed to enable players to enjoy their favorite games on their smartphones at any time. Another dominant slot trend is licensed branded slots that are based on popular movies, television, and musicians.
Virtual Money vs Real Money
Let’s find out the difference between social gambling and real money gambling, as well as the differences between gambling through apps and gambling through a web browser. It can be quite confusing trawling through all the casinos, slots, and lotteries available, both through your mobile web browser as well as through mobile app stores, in the form of downloadable apps.

Virtual money

The main difference between virtual money and real money gambling is that the in-game virtual currency in social games and gambling-type games is used only like credits that are not paid out as winnings or anything given to player in cash, making these games exempt from gambling regulations.
Virtual money is loaded on user game accounts via in-app purchases in mobile applications or the game balance funding from a card via web based applications.

Real money gambling

Real money gambling via your mobile device is only allowed in countries where laws have been passed that allow for this type of gambling online, or there are no laws in place that prevent it. The payment systems are the legal way of services payment in the gambling app, performing as the intermediary between the gambling facility and the client. With their help, users replenish deposits and withdraw funds to personal accounts in financial institutions. If the application uses the payment system of a well-known brand, that gives players additional confidence in the resource. Nowadays, there is a wide range of payment systems, some of which operate all over the world, other systems are oriented towards the citizens of one or several countries. A number of services accept money of different world currencies, while others allow currency transactions of one state only.
What is an Online Gambling Licensing
The internet has a global audience, there’s no single piece of legislation that covers the legality of online gambling for the entire world. Mobile gambling doesn’t typically accept customers from every single country in the world. It often focuses on certain specific regions.
Instead, most countries have their own local laws that deal with the relevant legal and regulatory issues.
Ultimately, questions of legality all go back to the location of the casino or where the website operates out of. In closed regulatory systems, such as Italy, France, and the Netherlands, licenses, and advertising rights are limited to domestic providers, which must be located within their country’s geographical boundaries and these are only permitted to offer some types of products. Some jurisdictions, for example, Norway, Sweden, and Canada legalize and regulate online gambling, but this is limited to a single site that is owned by the government. Under such an approach, the government becomes the operator and regulator and all revenues are returned to the government.
Remote gambling is generally permitted. That means that an operator that is licensed may provide gambling services to citizens in the country via all forms of remote communication (and using equipment that may be located in the country or abroad). Equally, a remote operator may be licensed to offer gambling services to citizens in any jurisdiction in the world using equipment located in the country. The law provides that, for each type of gambling (betting, gaming, and participating in a lottery), there will be two forms of license available: remote and non-remote forms (land-based). If you provide facilities for remote gambling, online or through other means, and advertise to consumers you will need a license from the licensing jurisdictions or local licensing authorities. Before an online gambling site signs up its first customer, before it accepts its first bet before the first card is dealt, it must be licensed by a recognized governmental entity.
Certain regions in the world have specific legislation in place that allows them to license and regulate companies that operate online gambling sites or provide industry services (such as the supply of gaming software). These regions are referred to as online gambling jurisdictions or licensing jurisdictions.
Depending on what type of entertainment you are going to implement in your internet establishment, you will have to apply for the corresponding permissions. Online gambling laws in Europe vary from one country to the next. The industry is well regulated in some countries and less so in others. There are several online gambling jurisdictions located in Europe. Some of these are members of the European Union (EU), and thus subject to the various rules and regulations of that body, while others are independent. Each of these jurisdictions has an authority that’s responsible for approving gambling sites for licenses that enable them to offer their services legally. They also regulate their licensees.
Countries that Provide Gambling Licensing
Today there are lots of licensing jurisdictions located all over the world and offering different terms for their customers. Depending on the country, licenses can be local, international (distributed in several countries), have a different set of documents for registration, costs of registration and further support, various operating conditions and other special details.

Which gambling license is both internationally recognized?

The government of Ireland offers casino operators, software, and service providers in the gambling industry, with a gambling license that allows gambling operators to conduct business related to casino, lotto, and other gaming-related activities. Ireland Gambling License is one of the most popular license for online casinos worldwide. Ireland has long been recognized as one of the preferred locations for Online Gambling operators to base their operations. This success has been due to a combination of factors, such as a progressive legislative system, political stability, first-rate telecommunications facilities, and a well established financial services industry. A wide range of gambling sites operates out of Ireland including sports betting, casino sites, poker, bingo, and more.
In stark contrast, the UK is the largest regulated market for online gambling in the world, and corporations are already comfortable exploiting the intersections of gambling and gaming, betting in-play, social gaming, Bitcoin, financial trading and spread betting, betting exchanges, e-sports and, most profitably, mobile gambling. 40% and 60% of online gambling in the UK took place in Gibraltar.

International licensing

Europe is home to the following online gambling jurisdictions: Alderney, Gibraltar, Isle of Man, Malta. Malta is currently the country that is most accommodating to gambling companies, and the license offers whitelisted online gambling in sports and casino games in many European territories. But takes an extreme amount of time in paperwork and background checks. Also, you pay 5% of all your gross profit to the EU.
Among countries offering gambling licensing services, the attention should be paid to Curaçao jurisdiction, which is considered to be one of the most promising for the online gaming business.
Curaçao Internet Gaming Association (also known as Curaçao eGaming) is both a regulator and a licensor, and its licensing works worldwide except Curaçao itself, USA, France and Netherlands. Using Curacao as an example, let us examine in detail the process of obtaining a license, the necessary documents and expenses.
How to get a License on Curaçao
  • Documents necessary for company registration:
  • criminal record;
  • passport scans;
  • bank account confirmation;
  • documents proving payments for utility services.
After the company is registered, an operator can apply for the license providing the following documents:
  • a document certifying the right of domain possession;
  • description of games planned to be used in the project;
  • a list indicating countries of potential operation;
  • illustration of server locations to be used in the project;
  • a copy of the agreement with a software provider.
Gambling license cost:
  • Bank account opening $1000
  • Company registration $3600
  • Company management per year $3600
  • Application processing fee $1000
  • License fee per year $4800
  • Equipment/software fee starting from $1500
  • Server maintenance per year $6000
Apart from that pay for technical support and maintenance every year. The entire license issuing process takes between 2-4 weeks. Curacao Internet Gaming Association (CIGA) also has the power to review a license and, if it finds that an operator has breached a license condition, has the power to impose a range of sanctions including revocation of the license.
Apple and Google Gambling Rules
You’ll be surprised at the limited number of real money gambling app options available on the AppStore and Google Play Store. Most real money casino gaming is done through gambler’s mobile web browsers and not through mobile gambling apps that you’ll find for iPhone and Android phones. Apple allows online gambling applications in a few forms, and not just in places where it is explicitly permitted. They do not allow any payments through the applications – those have to be done on the websites. Apple has far stricter developer guidelines for iOS apps than Google does for Android apps, so it’s fine to assume that whatever you choose to download from iTunes is usually safe, secure, and meets a certain standard.
Any real money casino in the iTunes app is required to have proper licensing and permissions before Apple will approve the app for use or downloads. While Google Play is technically regulated, it is much more loose in what can be hosted.

Apple Store

Gambling, gaming, and lotteries can be tricky to manage and tend to be one of the most-regulated offerings on the App Store. Apple has rules for apps that support real money wagering, including sports betting and poker. Those apps and lotteries must have necessary licensing and permissions in the locations where the App is used, must be geo-restricted to those locations, and must be free on the App Store, and Apple rate even simulated gambling apps as appropriate only for users 17-years-old and up.

Play Store

Google keeps the reigns tight. To be able to successfully upload apps to the Google Play store, developers need to have a valid license for the specific countries they are targeting and comply with their regulations. The app must be free to download and must prevent under-age users from gambling in the app. As a final precaution, all gambling apps are required to display prominent information regarding responsible gambling practices. This brings its policy in line with the Apple App Store.
Countries where gambling is illegal
It is also important to remember that while gambling is growing rapidly in many places, in others it is totally or partially prohibited. As well as in the majority of the US, sports betting is illegal in India, Pakistan, and China, three of the largest gambling markets in the world. Most countries have rules against gambling. Almost all Islamic countries prohibit gambling of every kind, but many turn a blind eye to online gambling or simply do not have regulations in place for this grey area.
In the United Arab Emirates, however, any kind of gambling is prosecuted. National lotteries are the only legal forms of wagering on the Asian country’s mainland. Cambodia, North Korea strictly forbids online and offline gambling amongst its own citizens but allows tourists to participate in these activities.
Qatar is the strictest country of all when it comes to gambling laws. All forms of gambling activities are considered illegal, and even sports betting is not permissible.
Starting your own gambling product
Numerous online casino platforms in the market offer fantastic casino games like bingo, poker, roulette, and many more.
If you have an idea, but don’t know where to start, we advise you begin with a Minimal Viable Product (MVP) to pilot your proof of concept for investors. MVP spotlights your core features and lets your investors know there are bigger and better things to come.
For MVP you do not need a large team, just a few people are enough to create a fully functioning prototype. In the case of successful numbers of your prototype, the further development of a full-fledged product will require more team, resources and time, however you will be sure that your development and your costs will pay off.
submitted by Fgfactory_ua to gamedev [link] [comments]

How Adoption Will Look Next Year and Beyond

How Adoption Will Look Next Year and Beyond
One prediction was that banks and financial institutions would become increasingly interested in blockchain-based solutions, particularly for cross-border payments. This was borne out by the adoption or trialling of blockchain-based cross-border payments systems by, among others, HSBC, Wells Fargo, Standard Chartered, Mastercard, 60 banks in Latin America, Abu Dhabi Commercial Bank, the Bank of Thailand, the National Bank of Cambodia, and by Deutsche Bank and other banks joining JPMorgan's Interbank Information Network.
Another prediction was that security tokens would rise in prominence. This has been proven true to some extent, insofar as there have been more security token offerings (STOs) in 2019 than there were in 2018, with the total for the first half of the year (55) outnumbering the total for all of its predecessor (35).
Lastly, one other big prediction was that many of the big initial coin offerings (ICOs) of 2018 (and 2017) would actually begin launching their products in 2019, something which would usher in greater adoption. Once again, this has only been partly true: the mainnets of Filecoin and Hdac (two of the five biggest ICOs of 2017) are still waiting to be launched next year, while Sirin Labs (another of the 2017 big five) ended up axing 25% of its staff after disappointing sales of its Finney smartphone.
2020: halving, DeFi, payments and gaming
So what is likely to be big, or at least get bigger, in 2020? Well, perhaps the biggest milestone on the horizon is the Bitcoin mining reward halving due to take place in May, something which experts believe will increase demand for the cryptocurrency.
Bitcoin analyst Simon Dingle tells Cryptonews.com, "This will further restrict supply, and I expect demand for Bitcoin to continue increasing throughout the year."
One other potential winner is decentralized finance (DeFi). This sub-sector has already witnessed some gains in 2019, but crypto analyst Lou Kerner thinks one particular event taking place towards the end of November will set it up for a very good 2020.
"I think Multi-Collateral Dai, coming out November 18th, will be a major milestone in DeFi," he tells Cryptonews.com. "New features include the Dai Savings Rate (DSR), which establishes an entirely new dimension for innovative Maker protocol integrations on the backend of DeFi dapps (decentralized apps)."
Blockchain-based payment networks and platforms are also likely to see more use, with other companies likely to follow Facebook's lead in announcing their own versions of Libra, which itself is scheduled to be launched next year (conditions permitting).
"We believe that there will be substantial growth in payment related blockchain projects and payment-oriented cryptocurrencies in 2020," says Filipe Castro, the CIO at crypto payments service Utrust.
"This expected growth is due to multiple factors including the expansion and diversification of stablecoin models, new private and government-led central bank digital currency initiatives (Libra, e-Yuan) and sheer market size."
(Learn more: Payments is the Main Battleground for Banks Amid Bitcoin Rise)
Charles Phan of crypto exchange Interdax believes that two slightly less hyped up areas will grow in 2020."Gaming is another area of crypto that is gaining traction," he tells Cryptonews.com.
"With the roll-out of the Lightning Network we have seen Lightnite, a Fortnite-inspired game where players can earn a small amount of bitcoins. Recently, the venture arm of Blockchain (one of the biggest cryptocurrency companies in the world) invested in the blockchain game technology firm Enjin which shows that they think the crypto-gaming play is likely to be profitable."
Phan also thinks that cryptocurrencies belonging to exchanges, such as Binance Coin and Huobi Token, will grow. "Exchange tokens are likely to continue to display strength in 2020 as more traders enter the crypto ecosystem and exchanges continue to innovate," he adds. "These tokens incentivise traders to provide liquidity to the platform and reward them with lower trading fees."
https://preview.redd.it/0bptjfrwltx31.png?width=550&format=png&auto=webp&s=98e1f5cb3f384b9849e3cc2517f6b16b767e0e4d

Beyond 2020: central coins and global recession fueled adoption

Looking further into the future, one more element of the crypto ecosystem is likely to enjoy wider adoption over the next decade.
"Central bank digital currencies (CBDCs) will gain traction as an idea and we may even see one launch, with China and Switzerland the most likely to take the lead in this regard," predicts Vaibhav Kadikar, the founder and CEO of decentralized prediction market platform CloseCross.
But as Charles Phan explains, this will take more than one year, due to the cumbersome and cautious nature of central banks and governments.
"We are looking at a timescale of five years according to IBM and the Official Monetary Institutions Forum, while ING’s chief economist predicted that we’ll see a CBDC from a G20 country in the next 2-3 years," he says.
And more generally, coming years could speed up cryptocurrency ownership, particularly if regional and/or global recessions occur.
"I don't know when, but eventually we will have to pay the price for central banks printing money on overdrive, while debt has escalated to unimaginable levels," says Simon Dingle. "A massive global recession is on the cards, and when it arrives we should see a whole new appreciation for deflationary and decentralized cryptocurrency."
submitted by dwoinik to u/dwoinik [link] [comments]

Singapore-based firm to tap on digital currency

Singapore-based firm to tap on digital currency
Singapore-based LynPay Pte Ltd plans to tap into the apparently large Bitcoin and Ethereum community in Cambodia and offer its LynPay payment solutions.
“In Cambodia, lots of people including Chinese hold Bitcoins and Ethereum but they don’t have a way to utilise it. Therefore, we are offering a payment solution that is beneficial to merchants because they can receive cash,” said LynPay founder Az-Zahari Ahmad Kamil.

https://preview.redd.it/wiwf1dr80w231.jpg?width=750&format=pjpg&auto=webp&s=5a16a624bb75c8c01b1c5dfa4ddace6778997c81

He said the Cambodian market offers ample opportunity for block chain technology to grow and for improvements in financial technology transactions.
LynPay is a transactional point of sales (POS) system for crytocurrency payments which enables Bitcoin, Ethereum and Lyn token holders to pay in hotels, school fees, and purchases.
Merchants would be able to receive cryptocurrency payments as the settlement is converted to US dollars through an exchange where Lyn Tokens would be traded.
He said with LynPay, moving currencies in the form of cryptocurrencies across borders is not a problem as it deals with digital assets.

“All one has to do is scan the quick response (QR) code and it would automatically change and payment (for the merchant) would be in US dollars. This is the first time there is such a settlement in Cambodia,” Az-Zahari told a press conference.
The company, which plans to launch LynPay with five POS machines in a pilot project in April, has two eco systems – online seller or e-commerce platform GoBuyBid.com and Philippines-based online gaming platform, RMPG Games that would start using the service in the first quarter next year.
Az-Zahari said the company would also offer two million Lyn Tokens, a cryptocurrency that would be going on international exchanges, and would be available to GoBuyBid and RMPG purchasers.
He noted that moving forward, GoBuyBid and RMPG would drive more traffic for LynPay as traction picks up, bumping up interest in Lyn Token.

“We issued five million Lyn Tokens but three million of that belongs to our team and private placement, leaving two million in circulation. The small supply and increased demand mean the price would definitely increase,” Az-Zahari added.

The company expects the tokens to fetch US$30 to US$50 per token in a year’s time, which is an eight to 10 times fold from its initial price of US$4 to US$5.
Asked about operating Lyn Token, a crytocurrency transaction that the central bank opposes, Az-Zahari mentioned that cryptocurrency is often not understood and that he is willing to sit down with banks and government bodies to explain how it can benefit the country in terms of economy and tourism.
Source:https://www.khmertimeskh.com/50540685/singapore-based-firm-to-tap-on-digital-currency/
submitted by LyntokenTeam to Lyntoken [link] [comments]

Daily analysis of cryptocurrencies 20191022(Market index 39 — Fear state)

Daily analysis of cryptocurrencies 20191022(Market index 39 — Fear state)

https://preview.redd.it/cvdi2dmyz2u31.jpg?width=1280&format=pjpg&auto=webp&s=2883a5be2ada413d9d280c2576c48fa338631e24

Bank Of Cambodia To Allow More Control With Blockchain Payments Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency in an interview with CNBC published on Oct. 22. Chea said that the National Bank of Cambodia has experimented with domestic blockchain payments for retail, but the main interest is testing them for cross-border transactions.
Cashaa Launches Banking Solution For Indian Crypto Owners Banking services platform Cashaa is offering a solution for Indian crypto owners facing banking restrictions imposed by the country’s central bank, the Reserve Bank of India (RBI). The service, starting from Oct 23, allows users to deposit up to one crore rupees (~$141,012) per month to purchase cryptocurrencies.
UK Economic Secretary On Proposed Crypto Ban: FCA Operationally Independent From Government On October 21, John Glen, Economic Secretary to the UK Treasury, replied to a series of questions related to cryptocurrencies, with most of them about the effects of the the Financial Conduct Authority (FCA)’s proposed ban on the offering of crypto-based investment products to retail investors. According to Glen, the FCA is operationally independent from government. “The government continues to endorse the approach set out in that the Cryptoasset Taskforce report as the right way to facilitate innovation while protecting consumers and firms,” he said.
CFTC Chair Says Ether Futures ‘Likely’ In 2020 Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert believes the crypto world will see Ethereum futures contracts sometime in 2020. Speaking at Georgetown University in a fireside chat during the first day of DC Fintech Week, Tarbert told moderator Chris Brummer that he “absolutely” believes Ether futures could trade in the next six to 12 months.

Encrypted project calendar(October 22, 2019)

ZRX/0x: The 0x protocol (ZRX) Pantera blockchain summit will be held on October 22. Locus Chain (LOCUS): 22 October 2019 Public Test Begins Public test runs for three days from October 22nd to October 24th. IOTA (MIOTA): 22 October 2019 EclipseCon Europe Next week, join Lewis Freiberg, our Director of Ecosystem, to learn how to build an ecosystem around IoT focused distributed ledgers. TRON (TRX): 22 October 2019 TRC20-USDT Bonanza “… @Huobiglobal . Deposit #TRC20- #USDT, enjoy APR up to 30%, starting from 00:00, Oct, 22 to 00:00, Nov, 1, 2019(SGT).” PCHAIN (PI): 22 October 2019 Ama with Founder & CEO “Jeff Cao PCHAIN founder & CEO, will host an AMA on 22nd Oct at 11:00 PM (UTC+8) in the @Binance_DEX Telegram.” iExec RLC (RLC): 22 October 2019 AMA “Tuesday 22 October 2019. You can ask the team anything you want until Thursday 17 October.”

Encrypted project calendar(October 23, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 23rd at the University of Southern California in Los Angeles with the theme “Connecting the I3 Market and Experiencing Purchase and Sales Data.” BTC/Bitcoin: The WBS World Blockchain Summit (Middle East) will be held in Dubai from October 23rd to 24th. Cardano (ADA) and 1 other: 23 October 2019 WBS Dubai “One of a kind gathering of 500+ curated & pre-qualified investors, CEOs, CIOs, CTOs, Heads of Blockchain, Chief Digital Officers CloakCoin (CLOAK): 23 October 2019 (or earlier) CloakCoin Competition “CloakCoin competition : solve the CloakCoin ENIGMA transaction, 3rd round.” Loom Network (LOOM): 23 October 2019 Singapore Meetup “Unstack the Stack Series: Loom Network” from 6:30–8:30 PM (SST). BTGS/Bitdog: ZG.COM will open the BTGS currency and coin transfer business at 14:00 on October 23, and open the BTGS/USDT transaction pair on October 23 at 18:18. Waltonchain (WTC): 23 October 2019 Transfers Suspended “$WTC deposits and withdrawals on #TaibiExchange will be suspended from 00:00 Oct 22 (UTC+8) and are estimated to resume at 15:00 Oct 23

Encrypted project calendar(October 24, 2019)

BCN/Bytecoin: Bytecoin (BCN) released the hidden amount of the Bytecoin block network on October 24. Horizen (ZEN): 24 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. ANT/Aragon: Aragon (ANT) Aragon Network will hold the theme “DAO: ICO and DeFi next step” in Hong Kong on October 24th? DATA/Streamr DATAcoin: Streamr DATAcoin (DATA) Streamr Network Technology Exchange and Project Development Conference will be held in London on October 24th. Lisk (LSK): 24 October 2019 Coding Workshop — Berlin “During this workshop you will acquire the skills to create custom transactions with the Lisk Alpha SDK using Node.js.” BTU Protocol (BTU): 24 October 2019 Africa IT Expo “Our co-founder @vidal007 will be speaking at upcoming @africa_aitex [African IT Expo] held in #Rabat #Morocco on 24th of October.” Matrix AI Network (MAN): 24 October 2019 YouTube AMA YouTube AMA from 3PM, October 24 (GMT+8). Utrum (OOT): 24 October 2019 AtomicDex Listing “We are pleased to announce that Utrum coin OOT is getting listed on Komodo Platform Decentral Exchange — AtomicDEX. “

Encrypted project calendar(October 25, 2019)

ADA/Cardano: Cardano (ADA) The Ada community will host a community gathering in the Dominican Republic for the first time on October 25. Crypto.com Coin (CRO): 25 October 2019 Live AMA with CEO “Live AMA with our CEO @Kris_HK on @cryptocom’s Twitter next Friday, 25 October, 11AM HKT.” GST/GSTCOIN: GSTCOIN(GST)LBank will be online GST on October 25, 2019 at 16:00 (UTC+8), open trading pair: GST/USDT, GST/ETH.

Encrypted project calendar(October 26, 2019)

KAT/Kambria: Kambria (KAT) Kambria will host the 2019 Southern California Artificial Intelligence and Data Science Conference in Los Angeles on October 26th with IDEAS. BTC/Bitcoin: CoinAgenda Global Summit will be held in Las Vegas from October 26th to 28th Horizen (ZEN): 26 October 2019 (or earlier) ZEN 2.0.19 Upgrade Zen 2.0.19 upgrade at block #610000, which is expected around October 26.

Encrypted project calendar(October 27, 2019)

ICON (ICX): 27 October 2019 Money 20/20 USA Event Money 20/20 USA in Las Vegas from October 27–30.

Encrypted project calendar(October 28, 2019)

LTC/Litecoin: Litecoin (LTC) 2019 Litecoin Summit will be held from October 28th to October 29th in Las Vegas, USA BTC/Bitcoin: Mt.Gox changes the debt compensation plan submission deadline to October 28 ZEC/Zcash: Zcash (ZEC) will activate the Blossom Agreement on October 28th Stellar (XLM): 28 October 2019 Protocol 12 Upgrade Vote Horizon v0.22.0 has been released, which supports Protocol 12. This gives everyone ample time to prepare for the Protocol 12 upgrade vote Celsius (CEL) and 3 others: 28 October 2019 Litecoin Summit “…The Litecoin Summit offers two fun, jam-packed days with something for everyone.” XFOC (XFOC): The IDAX platform will be online XFOC and will open the XFOC/USDT trading pair at 13:00 on October 28. MEDIUM (MDM): The IDAX platform lists MDM and will open MDM/BTC trading pairs on October 28th at 15:00. ZB/ ZB Blockchain: The “2019 Hamburg Intercontinental Dialogue Conference” hosted by ZB.com will be held from October 28th to November 9th at the Four Seasons Hotel Hamburg, Germany. BQT (BQTX): 28 October 2019 Down for Maintenance BQTX.com will be down for maintenance on the 28th of October from 7 to 12am UTC.

Encrypted project calendar(October 29, 2019)

BTC/Bitcoin: The 2nd World Encryption Conference (WCC) will be held in Las Vegas from October 29th to 31st. ICON (ICX): 29 October 2019 Decentralization “As a result, the decentralization schedule of the ICON Network has been changed from September 24, 2019 to October 29, 2019.” Ark (ARK): and 10 others 29 October 2019 WCC 2019 Second annual Blockchain and Cryptocurrency Technology event, World Crypto Conference (WCC), October 29th — October 31, 2019. Insifa (ISF): 29 October 2019 Prototype Alpha “We from Insifa have decided to be more open. Our Prototype will be developed in scrum. This means new releases every two weeks.”

Encrypted project calendar(October 30, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 30th at the University of Southern California in Los Angeles on the topic “How to store data on IOTA Tangle.” TRON (TRX): 30 October 2019 SFBW19 Afterparty “TRON Official SFBW19 Afterparty from 7–10:30 PM in San Francisco.” Horizen (ZEN): 30 October 2019 Horizen Quarterly Update Join our first Quarterly Update on October the 30th at 5 PM UTC/ 1 PM EST. Deeper look into Engineering, BD, Marketing, and more. Aeternity (AE): 30 October 2019 Hardfork “The third hardfork of the æternity Mainnet is scheduled for October 30, 2019.” Valor Token (VALOR): 30 October 2019 Transaction Fees Resume “It’s September and the SMART VALOR Platform is still waiving transaction fees for all members, until October 30th!” Aragon (ANT): 30 October 2019 Singapore Meetup “Aragon on DAOs and DeFi” from 6:30–8:30 PM. Kambria (KAT): 30 October 2019 Outliers Hashed Awards Outliers Hashed awards from October 30–31. Ethereum Classic (ETC): 30 October 2019 Cohort Demo Day “ETC Labs hosts it’s 2nd Cohort Demo Day. Learn about the companies and project being accelerated through the Ethereum Classic ecosystem.”

Encrypted project calendar(October 31, 2019)

Spendcoin (SPND): 31 October 2019 (or earlier) Cross Ledger Mainnet “Cross Ledger Mainnet Release and SPND Token Swap,” during October 2019. Spendcoin (SPND): 31 October 2019 (or earlier) Blkchn University Beta “Blockchain University Beta goes live,” during October 2019. Stellar (XLM): 31 October 2019 (or earlier) Minor Release “We will have 6 Minor Releases in 2019; one each in February, March, May, June, August, and October.” Bitcoin SV (BSV): 31 October 2019 (or earlier) BSV Conference Seoul No additional information. Seele (SEELE): 31 October 2019 (or earlier) Public Network Mainne launch has been moved to Oct 31 . Howdoo (UDOO): 31 October 2019 (or earlier) Howdoo Live on Huawei Howdoo begins its exciting partnership with Huawei with listing as a featured app starting in October. Chiliz (CHZ): 31 October 2019 (or earlier) App Soft Launch Soft launch of Socios App by end of October. Dent (DENT): 31 October 2019 (or earlier) Loyalty Program “Afterburner loyalty program launch for all 21,6 Million mobile #DENT users will be in October!” IceChain (ICHX): 31 October 2019 (or earlier) Wallet Release IceChain releases wallet during October. Chiliz (CHZ): 31 October 2019 (or earlier) New Partnerships New sports and new teams joining Socios (+more updates and events) will be announced in the upcoming weeks. Horizen (ZEN): 31 October 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. PCHAIN (PI): 31 October 2019 (or earlier) New Website No additional information. IOST (IOST): 31 October 2019 (or earlier) New Game on IOST “Eternal Fafnir, a new role-playing game developed by INFUN is coming to you in Oct.” Achain (ACT): 31 October 2019 Mainnet 2.0 Launch “… The main network is officially scheduled to launch on October 31.” Mithril (MITH):31 October 2019 Burn “MITH burn will take place on 2019/10/31 2pm UTC+8. “ Aergo (AERGO): 31 October 2019 (or earlier) Aergo Lite V1.0 Release AergoLite, which brings blockchain compatibility to billions of devices using SQLite, released during October 2019. TE-FOOD (TFD): 31 October 2019 (or earlier) Complementary Product “Development of a new, complementary product with a new partner, which we hope to be launched in September-October.” Edge (DADI): 31 October 2019 (or earlier) Full Open Source Code base for the network fully open-sourced in September or October. BlockStamp (BST): 31 October 2019 (or earlier) ASIC Miner Prototype In orderr to ensure BlockStamps continued decentralization, we will release a BST ASIC miner for testing. Perlin (PERL): 31 October 2019 (or earlier) SSA Partnership “Perlin has partnered with the Singapore Shipping Association to create the International E-Registry of Ships (IERS)” Skrumble Network (SKM): 31 October 2019 (or earlier) Exchange Release “3rd dApp: Exchange Release,” during October 2019. EDC Blockchain (EDC): 31 October 2019 (or earlier) Blockchain Marketplace “As you already know, our ECRO blockchain marketplace is ready for release, and will open to the global community in October!” BlockStamp (BST): 31 October 2019 (or earlier) ASIC Miner Prototype In orderr to ensure BlockStamps continued decentralization, we will release a BST ASIC miner for testing. XinFin Network (XDCE): 31 October 2019 Homebloc Webinar “XinFin — Homebloc Webinar 2019” from 9–10 PM. Akropolis (AKRO): 31 October 2019 (or earlier) Alpha Release “Delivers the initial mainnet implementation of protocol. All building blocks will be united to one product.” Hyperion (HYN): 31 October 2019 (or earlier) Economic Model The final version of the HYN Economic Model launches in October.

Encrypted project calendar(November 1, 2019)

INS/Insolar: The Insolar (INS) Insolar wallet and the redesigned Insolar Block Explorer will be operational on November 1, 2019. VeChain (VET):”01 November 2019 BUIDLer Reunion Party BUIDLer Reunion Party in San Francisco from 8–11 PM. uPlexa (UPX): 01 November 2019 Steadfast Storm — PoS/PoW split (Utility nodes ie. master nodes) — Upcoming Anonymity Network much like TOR — Privacy-based DApps — Reduced network fees. Enjin Coin (ENJ): 01 November 2019 MFT Binding “ICYMI: On Enjin Coin’s 2nd anniversary (November 1), Enjin MFTs will be bound to hodlers’ blockchain addresses…” Auxilium (AUX):01 November 2019 AUX Interest Distribution Monthly interest distribution by Auxilium Interest Distribution Platform for coinholders. Also supports charity. Havy (HAVY):01 November 2019 Token Buyback “Havy tokens buyback, Only in 1 exchange between Idex, Mercatox & Hotbit. The exchange depends on the most lower sell wall.”

Encrypted project calendar(November 2, 2019)

Kambria (KAT): 02 November 2019 VietAI Summit 2019 Kambria joins forces with VietAI for the annual VietAI Summit, with top experts from Google Brain, NVIDIA, Kambria, VietAI, and more!

Encrypted project calendar(November 4, 2019)

Stellar (XLM): 04 November 2019 Stellar Meridian Conf. Stellar Meridian conference from Nov 4–5 in Mexico City. Cappasity (CAPP): 04 November 2019 Lisbon Web Summit Lisbon Web Summit in Lisbon, Portugal from November 4–7.

Encrypted project calendar(November 5, 2019)

Nexus (NXS): 05 November 2019 Tritium Official Release “Remember, Remember the 5th of November, the day Tritium changed Distributed Ledger. Yes, this is an official release date.” NEM (XEM): 05 November 2019 Innovation Forum — Kyiv NEM Foundation Council Member Anton Bosenko will be speaking in the upcoming International Innovation Forum in Kyiv on November 5, 2019.

Encrypted project calendar(November 6, 2019)

STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th.

Encrypted project calendar(November 7, 2019)

XRP (XRP): 07 November 2019 Swell 2019 Ripple hosts Swell from November 7th — 8th in Singapore.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.

Encrypted project calendar(November 9, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.

BTC — So far, BTC has hit a high and fallen back, reaching a maximum of US $8371. At present, BTC has retreated to around us $8200. In the past 24 hours, the net capital inflow of BTC has exceeded US $50 million, and the market capital inflow has decreased significantly compared with the previous period. In terms of the 4-hour line, BTC rose and fell yesterday, with a long shadow. There is a big resistance near the $8400 above. It is possible that BTC will continue to move back in a short term. Sex increased. The medium-term trend is still long. As long as the support of 7800 US dollars is kept below, it is difficult for the air force to dominate the panel. Short term below support around $8100. In terms of operation, close to the resistance level can properly stop the surplus, while maintaining the strategy of bargain hunting.
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Stellar Lumens HODL alert: 2017 Round up, Partnerships, Lumens vs. Other Cryptos

Welcome everyone! The future of Stellar Lumens is bright! Today we will look at the accomplishments of Stellar.org in 2017.
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2017 Round Up
IBM / Stellar Partnership
• Kik Messenger’s KIN coin to move from Ethereum to Stellar in 2018
• Stellar ATM introduced in Singapore
• Jed McCaleb confirms IBM/Stellar has 30 banks on board (Youtube Video)
Lightyear.io enables forward thinking financial entities to easily join the Stellar ecosystem.
• IBM adds 8 new validators from 8 different countries onto the Stellar network (article)
Forbes calls Stellar “venmo, but on a global scale - and for larger bodies like banks and corporations.”
• Stellar Lumens Is Up 6,300% Since March and Is Aiming for Big Blockchain Partners (article)
• Many new partnerships (listed below) that will be using the Stellar network in 2018.
Binance and GoPax Exchanges Adds Stellar
Ledger Nano S support is now available for Lumens (XLM)
• The next coin to break into the top 10 cryptos (article)
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2017 Partnerships & Financial Institutions
IBM - is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries. IBM partnered with Stellar to help financial institutions address the processes of universal cross-border payments, designed to reduce the settlement time and lower the cost of completing global payments for businesses and consumers.
SatoshiPay - a web payment system that helps online publishers monetize digital assets like news articles, videos, or PDFs in tiny increments without friction.
EXCH.ONE - is a FinTech software company based in Switzerland currently working to integrate its platform and its first technology adopter Euro Exchange Securities UK Ltd. into the Stellar network. This addition to the Stellar network will bring access to currency markets of South and Central America,UK and a number of EU countries.
Novati (ASX:NOV) - is an Australian-based software technology and payment services provider. Novatti is currently working to integrate it’s platform into the Stellar network with the ultimate aim to build a global money transfer solution to provide cross border, cross currency and cross asset payments.
Pundi X - is an Indonesia based fintech company that provides POS device, debit card, multi-currency wallet that empowers individuals to buy and sell cryptocurrency at any physical store in the world. They say "buying cryptocurrency should be as easy as buying a bottled water."
MoneyMatch - is a Malaysia based fintech startup that provides a fully-digital peer-to-peer currency exchange platform for customers to transfer and exchange foreign currencies with complete ease and at great value. The company plans to integrate with the Stellar network and enable pay in and pay out from Malaysia.
Streami - is a Korea based fintech company that offers blockchain enabled cross-border remittance service and recently launched a cryptocurrency exchange. The partnership extends both on the exchange side and remittance operations.
Neoframe - is developing and marketing trading solutions for big brokerage firms in Korea and extends its business to blockchain based applications. Neoframe developed high performance centralized cryptocurrency exchange as well as secure wallet solutions and is working with big financial players. The company is planning to launch a remittance business for ASEAN countries (Thailand, Vietnam, Indonesia, Malaysia, Philippines, Singapore, Myanmar (Burma), Cambodia, Laos, Brunei) using Stellar.
SureRemit($RMT) - is a Nigeria based global non-cash remittances company. SureRemit leverages the Stellar blockchain platform to connect immigrants abroad directly with merchants that provide the services needed by their loved ones back home. With Remit tokens, immigrants all over the world can access digital shopping vouchers that can be spent on goods and services at accepting merchants wherever they are.
Cowrie Integrated Systems - is a Nigerian based Value Added Service Provider. Cowrie provides services at the intersection between telecoms and finance. Cowrie recently joined the Stellar network to bring novel fintech services to the African market.
Smartlands - is a Stellar-based platform designed to create a new class of low-risk tokens, secured by real, profitable assets in the real-world economy. Smartlands is designed to promote investments in the agricultural sector by allowing investment in individual projects, agricultural companies or indexes of groups of projects. These investments will be fully collateralized by agricultural real estate, other productive assets such as fruit or nut trees or, in some cases, the actual crop.
Klick-Ex - is an award winning regional cross-border payments system delivering financial infrastructure for emerging markets. It has been responsible for dramatic uptake in digital financial services in unbanked regions of the world, and lowering costs for banks, central banks and consumers in low liquidity currencies. Its key presence is in the Pacific and Europe, and it is a founding member of www.APFII.org processing more than 775,000 transactions per second, per billion of population (source).
Mobius - Mobius connects any app, device, and data stream to the blockchain ecosystem. Our simple and easy to use bidirectional API allows non-blockchain developers to easily connect resources to smart contracts and more. The Mobius MVP acts like Stripe for Blockchain by introducing innovative standards for cross-blockchain login, payment, smart contract management, and oracles. The Mobius Team includes David Gobaud, Jed McCaleb (Stellar.org founder), Jackson Palmer (creator of Dogecoin), and Chandler Guo (notorious Bitcoin & blockchain investor).
Chaineum - Chaineum, the first French ICO Boutique, will use the Stellar network for upcoming ICOs. “Chaineum is positioned as the first “ICO Boutique” in France, providing a range of end-to-end services to companies and international start-ups wishing to develop with this new funding mechanism. Chaineum is preparing 8 ICOs by the end of 2017, for European, North American and Asian companies, of which cumulative amount could reach € 200 million." (source)
Poseidon Foundation - Poseidon will simplify the carbon credit market with the creation of an ecosystem built on Stellar.org’s blockchain technology. This technology will prevent double counting of carbon and will be consistent across jurisdictions, making it easier for companies to deliver and measure progress towards their climate targets or other goals such as deforestation-free commitments.
Remitr - Remitr is a global platform for cross border payments, licensed in Canada. Remitr uses the Stellar network for international settlements for businesses as well as other payment partners. Remitr’s own payout network of 63 countries, comprising several currencies, is extended onto the Stellar network.
MSewa Software Solution (MSS) - MSewa Software Solution (MSS) Payments provides a one-stop digital payment service available across the Globe. MSS Payments aims at serving the consumers (Banked, Unbanked and Underbanked) with mobile banking facilities on the move from anywhere by transferring funds in their mobile phone.
PesaChoice - PesaChoice is a leader in international bill payment services for the African diaspora. PesaChoice aims at making international bill payment process easy, seamless, secure, with reasonable and competitive service fees, and up to date technological advances.
SendX - Singapore based SendX, in partnership with Stellar, is the better way to move money worldwide. The SendX team believes that the future of transactions is decentralized and distributed, bringing true equity to everyone across the value chain.
VoguePay - VoguePay, with offices in the United Kingdom and Nigeria, is partnering with Stellar to become the cheapest and most efficient way to send money between the United Kingdom and Nigeria. In the coming months, they expect to expand this service to other selected African countries.
HashCash - Hashcash consultants build financial solutions for banks and financial institutions over blockchain. We leverage the Stellar platform to build products that vastly improve the remittance and payments experience for banks and their customers. Transfers happen lightning fast at a fraction of current rates and operational cost is significantly reduced. HashCash is headquartered in India, with operations across South Asia and the Gulf.
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Stellar Lumens vs Other Cryptocurrencies
Lumens vs. Bitcoin: Jed McCaleb spoke at Distributed Markets in 2017 about the advantages, but more importantly, the disadvantages of Bitcoin. Listen to the talk here. Jed said, “Bitcoin is this awesome innovation. The first thing it does is converts a real world resource, electricity, into a digital asset. So it takes something from the real world and puts it into the digital realm. The second thing it does is provides immutable public record. It’s basically a database that everyone can see but no one change arbitrarily… That’s great, Bitcoin solves the double spin problem [ of proving possession and transmitting volume]… [However, to fix the problems of bitcoin] you might think well maybe we’ll just kind of keep adding [software] to Bitcoin until we get there, but that’s not really the way software works. You want to have the design from the beginning and solve these simple issues. Bitcoin was designed to be a new currency, it wasn’t really designed to be this unifying universal payment network. So that’s what Stellar does. It solves these three remaining issues.”
Lumens vs. Bitcoin #2: According to wired.com, "Bitcoin mining guzzles energy - and it's carbon footprint just keeps growing." Wired says "Today, each bitcoin transaction requires the same amount of energy used to power nine homes in the US for one day... The total energy use of this web of hardware is huge—an estimated 31 terawatt-hours per year. More than 150 individual countries in the world consume less energy annually. And that power-hungry network is currently increasing its energy use every day by about 450 gigawatt-hours, roughly the same amount of electricity the entire country of Haiti uses in a year." Because Stellar is based on a consensus algorithm rather than mining, it takes much less energy to run the Stellar network. The Poseidon Foundation decided to build their platform on Stellar rather than Ethereum or Bitcoin because of this (twitter source).
Lumens ICO tokens vs. Ethereum ICO tokens: According to Stellar.org, "traditionally, ICO tokens have been issued on the Ethereum network in the form of ERC20 tokens. ERC20 tokens are easy to issue and are infinitely customizable using Ethereum’s smart contracting language. However, recent events have highlighted and exacerbated some weaknesses of the network, including slow transaction processing times for the network during ICOs and increasingly expensive gas prices (by fiat standards) for transactions and smart contract execution. Moreover, many organizations require only basic tokens; they adopt the risk of Ethereum’s Turing complete programming language without taking advantage of many of its benefits."
"While Ethereum has the most expressive programming capabilities, we believe Stellar is the best choice for ICOs that do not require complex smart contracts. Stellar’s primary goal is to facilitate issuing and trading tokens, especially those tied to legal commitments by known organizations, such as claims on real-world assets or fiat currency."
Stellar vs. Ethereum #2: The median transaction time on Stellar is 5 seconds, compared to approximately 3.5 minutes on Ethereum (source). Stellar has a negligible transaction fee (.00001 XLM ~= $0.0000002) with no gas fee for computation, while depending on the complexity of the computation, the median cost for a transfer on the Ethereum network is $0.094. Security: While both Stellar and Ethereum run on a decentralized network, the Stellar network has fewer security pitfalls. Stellar uses atomic transactions comprised of simple, declarative operations while Ethereum uses turing complete programming capabilities which produces less auditable code and greater risk of exploitable vulnerabilities (source). Recently, a security flaw in the Ethereum network froze millions of dollars. According to Mobius ariticle written by David Gobaud, "On November 6, 2017, Github user deveps199 'accidentally' triggered a bug in Parity, a popular Ethereum mult-sig wallet, that froze more than $152 million in Ether across 151 addresses. The bug impacted several token sales including Polkadot, which has had ~$98 million out of its recent $145 million sale frozen."
"Mobius had none of its ongoing pre-sale Ether frozen because we do not trust Ethereum’s Smart Contract based multi-sig wallets given the vast Turing complete attack surface and did not use one. Security broadly is one of the main reasons the MOBI token that powers the DApp Store is a Stellar Protocol token and not an Ethereum token."
Lumens vs. Ripple: According to Wall Street Bitcoin Exchange, "Many investors like to compare the company [Stellar] to Ripple, and there are a lot of similarities, being that some of the founders worked on the Ripple team. In what can now be looked at as another blockchain development drama that plays out on chat boards and in interviews all across the globe. Stellar declared they fixed Ripple’s problems with their hard fork, however, Ripple has failed to admit to any of the flaws in its design that the Stellar team has pointed out." The article concludes by saying, "We Choose XLM Over XRP For 2018. That is why we are going with Stellar Lumens over Ripple in our portfolio for the rest of 2017 and 2018. After holding Ripple for a long time this year, it just never seems to make the big break like other names with bigger market caps like Bitcoin Cash, Dash, and Litecoin have. While we are holding on most all our larger market caps, we feel that Stellar Lumens will be one of the break out coins for 2018."
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Conclusion
The stellar.org team is doing an amazing job making partnerships and pioneering the use of blockchain technology for various types of transactions. What we are seeing is a new technology that can actually be used to solve real-world problems. As a community, we need to continue supporting Stellar and we will quickly see it power transactions across the world. What are your thoughts about Stellar? What do you see in the future of Stellar? Any important news you want to share? Comment below.
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ASEAN Countries and Crypto: Yay or Nay?


Source

Just two months ago, Writer Angaindrankumar Gnanasagaran summarised the latest policies and attitudes Southeast Asia had towards blockchain technology in an article titled Blockchain gaining ground in Southeast Asia, featured on The Asean Post. He reported that blockchain technology has “gained significant currency in Southeast Asia [as] many governments within the region have warmed up to the prospect of promoting the integration of this technology into businesses and the public sector”.
Just how true is this progression? Let’s have a look.

Philippines

https://preview.redd.it/qgdk2omc4wf21.png?width=1600&format=png&auto=webp&s=4d07949ca67e07c67d12b3b576a65165091c2074
On 8th August last year, the government-owned Cagayan Economic Zone Authority (CEZA) announced its latest partnership with private property developer Northern Star Gaming & Resorts Inc. – the development of Crypto Valley of Asia, a fintech and cryptocurrency hub set to be built on the Cagayan Special Economic Zone and Freeport, and intended to house up to 25 crypto firms on its premise.
A few months later in October, Ateneo de Manila University and health-tech company MediXserve jointly launched the AMBERLab (Ateneo-MediXserve Blockchain Education & Reasearch Lab) to research future applications of blockchain in health-tech, fintech, edutech, Artificial Intelligence (AI), data analytics and other related industries.
This year, about a week ago on 7 February, The Philippines, through the Cagayan Economic Zone Authority (CEZA), approved the Digital Asset Token Offering (DATO) regulations that recognises CEZA as the principal regulating authority and The Asia Blockchain and Crypto Association (ABACA) as the designated self-regulatory organization (SRO) that will implement and enforce the new DATO regulations.
The rules are simple. All DATOs must submit proper documentation, providing details on the issuer, project, advisors, and certificates of experts and DA agents involved. Tokens can only be listed on licensed Offshore Virtual Currency Exchange (OVCE) and stakeholders must submit appropriate documentation with accredited wallet providers and custodians.
The regulations also classify DATO into three tiers:
Tier 1: Assets and investments ≤ $5M with payment in digital tokens
Tier 2: Assets and investments from $6M to $10M
Tier 3: Assets and investments ≥ $10M
Clearly, unlike its vague position last year, the Philippines has been gearing up for blockchain technology and has implemented new measures as a result to regulate the wave of digital tokens crashing into the local market. One of the largest banks, UnionBank of Philippines, even announced on 11 February that it plans to launch an ATM that will facilitate digital assets trade in the national currency, the Philippine Pesos. If the Philippines keeps up this optimistic outlook, she may just fulfil her vision of being the Crypto Valley of Asia.

Thailand

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If the Philippines seems supportive towards cryptocurrency, then Thailand is definitely a crypto wonderland. While others were still grappling to understand the blockchain technology and its idiosyncrasies, Thailand was quick to jump on the crypto train in 2018. Within the span of a few months, the Thai government enacted the emergency decree that allowed it to roll out a new law for the budding blockchain industry: the Digital Asset Business Decree.
This decree differs from other countries by skipping the core debate that demanded the differentiation between security tokens in cryptocurrency. Instead, it classifies cryptocurrencies as “a medium of exchanging goods” and digital tokens as “rights to participate in an investment, or to receive specific goods”. It even amended its tax regulations to include the taxation of cryptocurrency firms. For instance, firms raising funds through Initial Coin Offerings (ICOs) will be taxed 15% on their income while others undertaking Initial Public Offering are not. The two laws went effective as of 14 May 2018 and set the standard for other countries delving into the blockchain industry.
Now, at the time of writing, the Thai securities and exchange commission (SEC) has granted four operating licenses to applications from blockchain-based businesses applying for licenses to conduct local operations. The four applicants who were successfully awarded a license are: Bitcoin Exchange Co., Ltd., Bitkub Online Co., Ltd., Satang Corporation, and Coins TH Co., Ltd. The former three are digital asset exchanges, while the latter is a cryptocurrency brokerage.
That being said, Thailand’s friendliness towards the crypto trade is not to be mistaken with leniency or a laxation in security measures. While the above four were granted operating licenses, two other applications from Cash2coin and Southeast Asia Digital Exchange Co. (SEADEX) were rejected, having failed to meet the required criteria set out by the SEC.Thailand’s intention to retain a tight grip on the cryptocurrency industry is a smart move on the country’s part as news of cryptocurrency scams continue to flood the market. In November last year, Thai regulators even released their own web-based platform to host potential ICOs, ensuring the country is kept up with the latest projects in the cryptocurrency industry. The reason behind this scrutiny has been speculated by some to be Thailand’s way of conducting research and accumulating data in order to release a national cryptocurrency in time.

Indonesia

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In late 2017, the central bank of Indonesia, Bank Indonesia declared cryptocurrency to be illegal in the country under the Law No. 7/2011 and penned the BI Regulation, stating all financial transactions had to be conducted in the Indonesia rupiah. Yet, despite the bank’s firm opposition against these digital fledglings, it is clear to the world that the Indonesia government does not share its skepticism. On 3 June 2018, Beppebti, the Indonesian Trade Ministry’s Futures Exchange Supervisory Boards legalised cryptocurrencies as commodities in the country in spite of the central bank’s disapproval, making cryptocurrency trade legal in the eyes of the government. In fact, Indonesia Digital Asset Exchange (INDODAX) — the largest Indonesian cryptocurrency exchange — announced in March 2018 that the number of users on its platform had surpassed that of the Indonesia Stock Exchange.
While the bank remains vehement in its denial of cryptocurrency, the local citizens have embraced it. Indonesian media company Coinvestasi has organised the Indonesia Cryptocurrency Festival 2019 that is currently in the midst of its tour across various cities, sparking the conversation about cryptocurrency nationwide.

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Roadshow Timeline of Coinfest Indonesia 2019
Unfortunately, due to the nation’s vague stance, the local Bitcoin market holds less than one percent of the global cryptocurrency market, with only two Indonesia Bitcoin exchanges available for Bitcoin purchases at a fixed rate.

Malaysia

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2019 brings new beginnings and new regulations for digital asset offerings in Malaysia. Based on a notice from Malaysia’s Securities Commission (SC), the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019 has been enacted since Jan. 15.The Order meant that token offerings and exchanges are required to seek approval from SC before operations can begin. However, despite Malaysia’s strict clampdown on ICOs, it appears that the country is not adverse to digital assets after all. Finance Minister Lim Guan Eng stated: “In particular, we believe digital assets have a role to play as an alternative fundraising avenue for entrepreneurs and new businesses, and an alternate asset class for investors.”In December last year, the SC and Malaysia’s central bank, Bank Negara Malaysia, jointly released a statement explaining that the purpose of these new regulations was to make digital assets “within the remit of securities laws to promote fair and orderly trading and ensure investor protection.”

Singapore

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Singapore has always embraced the potential of digital assets and its ability to transform the future. In November 2017, the Monetary Authority of Singapore (MAS) released the Payment Services Bill (PSB) in the Singaporean Parliament. In essence, the Bill subjected digital currency to the same laws regulating domestic and international money transfers, and foreign exchange transactions. The MAS also released a set of guidelines for parties interested titled “A guide to digital token offerings”. The document listed on their website contained general advice on application procedures and rules for companies to be legally qualified in offering and issuing digital tokens in Singapore. When confronted with security breaches in major cryptocurrency exchanges, MAS updated their Bill in January 2019 to safeguard the interests of cryptocurrency investors. The Bill proposes to implement a dual-track regulatory guideline for both major and smaller financial institutions respectively.

In summary…
While countries like Philippines, Thailand, Indonesia, Malaysia and especially Singapore embrace the future of cryptocurrency, other ASEAN countries continue to sit on the fence regarding digital currency. Vietnam remains undecided, as evident from the confusing debates wranged out amongst authorities and the ban on crypto trading despite possession of digital assets being legal. Laos approaches digital currencies with caution and Cambodia has ironically forbade finance firms from cryptocurrency transactions while creating its own national cryptocurrency. Other countries like Myanmar and Brunei continue to distance themselves from the world of digital assets and remain vague on their policies and governance.
Despite the uncertainty, however, ASEAN is clearly becoming an important market for traders of digital assets. As digital assets continue to gain prominence within the region, what better way to jump into the crypto market than with 1SG, a fiat-backed stablecoin pegged to Singapore’s own fiat currency, the Singapore Dollar?
About 1SG:1SG is a stable coin, issued by the Mars Blockchain Group which overcomes the problems of today’s cryptocurrencies, while providing open, transparent, efficient KYC/AML process. With the key features of stable value and high liquidity, Mars Blockchain is a start-up committed to becoming a leading stable coin in global cryptocurrency market. 1SG circumvents the volatility of other major cryptocurrencies by maintaining a fixed peg to $1 SGD through financial markets.For more details, check out www.1.sgTo trade 1SG now, head over to these exchange platforms:P2PB2B: https://p2pb2b.io/BitMart: https://www.bitmart.com/TOP.ONE: https://top.one/indexKryptono: https://kryptono.exchange/k/homeOEX: https://www.oex.com/indexFor more information on 1SG, keep up with its following social media:Telegram: https://t.me/SGoneReddit: https://www.reddit.com/use1-SG/Twitter: https://twitter.com/1SG_2018Instagram: https://www.instagram.com/1sg_sg/YouTube: https://www.youtube.com/channel/UC_p_8y1geOe0lmB4F3i6Fpg
submitted by 1-SG to 1SG_ [link] [comments]

49 Currency exchanges in Thailand will offer travelers cryptocurrency exchange services soon

Another Cryptocurrency related BREAKING NEWS in Thailand from the 27th September on bitcoin.com! "Superrich" the most popular currency exchange chain in Thailand, has reportedly revealed a plan to begin offering travelers cryptocurrency exchange service in addition to 32 fiat currencies. The company has 49 locations in Thailand, one in Cambodia, one in Britain, and is also in talks with regulators to start operations in Laos! Please read more here: https://news.bitcoin.com/super-rich-thai-foreign-exchange-chain-cryptocurrencies/ Now it's the right time for DASH to position in Asia. Many opportunities for us here. Thanks for your support and vote on our proposal https://www.dashcentral.org/p/Thailand
submitted by DashEmbassyThailand to dashpay [link] [comments]

CRYPTODIGEST 16.11.18

CRYPTODIGEST 16.11.18

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✅WSJ: #SEC Opened Probe into Erik Voorhees, #Crypto Loans Firm Over 2017 $50 Mln Token Sale
Crypto loans company Salt Lending Holdings Inc., once associated with high-profile crypto industry stalwart Erik Voorhees, is facing a U.S. Securities and Exchange Commission (SEC) probe over its 2017 $50 million token sale, the Wall Street Journal (WSJ) reported Nov. 15.
Founded in 2016, Salt — which uses clients’ crypto holdings as collateral against fiat currency loans — is reported to have received a subpoena from the securities regulator this February, according to “sources familiar with the matter.”
🔸Crypto Market Recovers, But Could #Bitcoin Price Fall to $4,800?
After recording one of the worst sell-offs in all of 2018, the crypto market has experienced a minor corrective rally, adding $8 billion to its valuation.
The Bitcoin (BTC) price is approaching a resistance level at $5,600, a minor resistance level #BTC will have to surpass to potentially eye a rally to $5,800 and potentially re-enter the $6,000 region.
🔸International Charity #Oxfam Formally Launches Blockchain Rice Tracker in Cambodia
International charity Oxfam officially launched its BlocRice #blockchainsupply chain solution for Cambodian rice Nov. 15, Cambodian daily media outlet Khmer Times reports.
#BlocRice, which aims to use smart contracts to provide transparency and security between rice growers and purchasers in the Netherlands, has been under development and should expand to 5,000 farms by 2022, the outlet notes.
🔸#Bitcoin (BTC) Is “Evil Spawn” of 2008 Crisis, Says ECB Official
Bitcoin (BTC) has received another negative assessment from central bankers, this time Benoît Cœuré of the European Central Bank (ECB) executive board calling the original cryptocurrency “the evil spawn of the financial crisis,” the Financial Times reports.
🔸#Coinmine Launches US$799 Crypto Miner
LA-based startup Coinmine has announced the launch of Coinmine One, a sleek, plug-in device that aims to simplify the complex cryptocurrency mining process. Similar in size and look to an #Xbox, the #Coinmine One is meant to allow anyone to mine cryptocurrencies easily. It began selling Wednesday for US$799.
🔸#Ether #Mining no Longer Profitable as Hashrates Decline
If a recent report by #CNBC is to be believed, cryptocurrency’s gold mining days might be a story of the past, as the activity is no longer a profitable one. Crypto enthusiasts will remember the euphoria during last year’s crypto bull run, which saw virtually all the cryptocurrencies reach their ATH and attracted a lot of attention from the #mainstream world.
🔸#Bitfinex’s Parent Company Has a New Offshore Services Provider
#iFinex, the parent company of controversial #cryptocurrency exchange Bitfinex, appears to have hired a new offshore corporate services provider. A trademark application dated Oct. 31 gives iFinex’s address as care of SHRM Trustees (BVI) Ltd., marking a change from prior trademark applications – including one filed in June 2017 – which gave the address as care of Estera Corporate Services (BVI) Ltd.
Both #SHRM and #Estera, the filings show, are located in Road Town, the capital of the British Virgin Islands.
submitted by iTradeBit to u/iTradeBit [link] [comments]

WHAT IS SOOM?

Soom is a project developed to perfect the world's first Blockchain 4.0 platform ecosystem. This is also the first time in the world that a Blockchain platform is a practical application in everyday life with the combination of two algorithms Proof of Group Stake and Proof of Transaction is integrated directly into the Mobile Wallet .
Normally, the current blockchain platforms in the world still need at least 10 minutes to confirm for a transaction. This is the biggest obstacle for implementing blockchain in the areas of life. With the arrival of Soom, this problem seems to be solved with four breakthrough features:
The transaction speed is pushed down to 8 seconds, easy to apply in real payment
In Soom, each block is formed by 512 cells, also known as the chain, cells that will be randomly identified from the participants in the system. Processing algorithms will be divided equally for each cell to minimize duplication of results. This helps the algorithms in the ecosystem to optimize the processing time to the maximum (8s).
In addition, the required security in the payment platform will be maintained by the Space & Time algorithm - space and time. This value is defined with each cell in the block and stored directly in the blocks, thereby creating a completely random security basis, unable to grasp the rule to break.
Minimize transaction costs to the lowest level
By limiting the number of participants in the algorithm, it is thought that limiting unnecessary costs to results. This provides direct benefits to those conducting the transaction when the cost of payment is reduced to a minimum
Develop and complete Mobile Phone Minning
The Mobile Phone Mining system provides a practical and convenient value to anyone who owns the Soom virtual currency, allowing users to be able to mine directly on a mobile device without the need for a case array with " "Like other Crypto coins.
The basis for this is that Soom has adopted two Proof-of-group-stake and Proof-of-transaction algorithms to motivate people to take blocks, accelerate speed and transaction processing. , making every transaction simpler to perform on a mobile device anywhere.
Automatically collect, store and process Big Data
With Soom's blockchain 4.0 platform, blocks - Mobile blocks are aggregated into table blocks and arranged into space blocks based on content classification. For every 10 Moble blocks completed, create a table of blocks, for each of the 8 Blocks to form a Space Blocks. Each Mobile block is ordered by content through the MerkleRootHash function, which allows for faster processing of data to increase the ability to collect and store data when needed.
Dual security system
In addition to the same security features as other blockchain platforms, Soom also designed a dual security system to completely prevent attacks on the system during the exploit. blocks. The double security consists of a private key of the wallet used in the transaction and the private key of the Group. Group private key is executed during the grouping process. Group private key is made up of the public key of each group member and the current time value of the group - Current Time of Grouping, which is updated continuously every 8 seconds.
SOOM's BUSINESS MODEL
Soom will develop the following main business lines:
Blockchain as a Service (BaaS)
There are now a lot of companies that want to use blockchain with features designed specifically to fit the needs of the company. But not all companies have enough resources to design such a blockchain system. With the groundbreaking structure of the Soom Blockchain platform, it will allow the creation and maintenance of custom secondary blockchains supported by the mainnet.
Soom will provide this solution to all businesses of all sizes and industries that want to incorporate Blockchain technology into their business. This service is called Blockchain as a Service (BaaS).
Soom will also provide consultancy services such as modifying existing features or building additional custom functions to fit the needs of each customer. All feature requests will be made by Soom's leading engineers to ensure the maximum benefit and efficiency of integrating Blockchain technology into the customer's business.
Soom Wallet
In the first stage, Soom wallet acts as a secure and easy-to-use Soom coin storage device on mobile devices and computers.
When the Blockchain 4.0 platform becomes popular, the Soom wallet becomes the all-in-one purse that meets the needs of the user. All features of the Soom Wallet are developed with criteria to bring convenience to users.
⦁ Multi-currency: Soom wallet users have the choice and to store different types of blockchain assets without the hassle of having to switch between different types of wallet for deposit fees.
⦁ Dual Security System: Developed on the Blockchain 4.0 platform, the Soom wallet has superior security features Private key and Group private key.
⦁ Location Based Service: The Crypto industry lacks places - where electronic payment is accepted and even difficult to locate. Existing services like Coinmap and UseBitcoins.info are mostly outdated, and often lead to erroneous instructions that take time for the customer. Soom will provide the ability for stores to update their location on the Soom wallet map so customers can easily search.
⦁ Loyalty programs: All Soom Wallet users will receive discounts, promotions and media events from the stores they are interested in.
⦁ Crypto Exchange: In the future, Soom plans to incorporate the electronic money transaction feature directly into the Soom wallet. With the goal of making the transaction function fast, safe and completely free transaction costs.
⦁ Utility bill payment: payment of invoices is often done repeatedly by the user. Makes this feature a perfect candidate for the important feature of Soom Wallets. However, blockbusters in countries with blockchain restrictions make it impossible to integrate this feature in the next two to five years.
⦁ Merchant edition: Soom is developing and upgrading its version of Soom wallet to best suit the needs of the seller. Soom wallet Merchant Edition will include the following features:
⦁ Invoice Generation: As soon as the transaction is confirmed, the invoice will be automatically sent to the buyer's purse.
⦁ Big Data Analysis: Analyze data on customer behavior: favorite items, purchase time, payment levels, interest in promotions ... ⦁ Target by geographical location with Soom Duo: Sellers can send messages, notifications of discounts, special events to Soom Wallet users near the geographic location of the store. ⦁ System management: Soom wallet provides different levels of access to the wallet information of the store according to the managerial hierarchy: staff, team leader, director ...
Soom Pay
Soom Pay is a mobile payment company based in Korea, developed for the purpose of providing a comprehensive payment solution for merchant consumers across Asia. Sellers using Soom Pay will see transactions paid for in their local currency while the customer is a foreigner, and they will even use a wallet application in their home country.
Soom Pay is the first destination for tourists from China. In 2017, the number of Chinese tourists is 130 million, spending up to 260 billion dollars and 97 percent paid through mobile payment applications.
To meet the needs of Chinese tourists, Soom Pay has cooperated with major payment applications in China such as Alipay, Wechatpay, QQ, Unionpay Quickpass ...
Soom Pay's development team is also working with mobile payment service providers in Asian countries to expand the payment route portfolio and provide its services to many merchants and travelers. along with all the consumers around the world.
By combining multiple mobile payment systems, Soom Pay aims to create a viable alternative to credit card transactions with more advantages.
⦁ Foolproof Security: cancel the fake credit card, protect personal information ⦁ Fast Transaction: fast transaction authentication time, international transactions occur almost immediately ⦁ Low Transaction Fee: no fee for bank or third party, international transaction fee is very low ⦁ Suitable for Everyone: Benefit both the seller and the buyer, suitable for those who do not have a bank account
In the latest polls, the main reason behind the fact that sellers and shopkeepers accept electronic money as a low-paying method in addition to lack of confidence are the main reasons that complex interfaces are difficult to use. Much more than conventional POS terminals.
To incorporate a simpler interface to make the experience easier for the user, Soom has developed its own terminal on the Blockchain 4.0 platform. The device is named X-POS. X-POS has many advantages for both cash and credit cards, integrated using QR code, integrated with Soom wallet, sellers can process and record transactions in cash, credit card or electronic money, digging coin Soom ...
By combining the advanced features of Blockchain 4.0 and Soom wallet with the widespread adoption of Soom Pay and X-POS, Soom Pay makes it possible for anyone to pay with any mobile payment application. or any electronic money anytime, anywhere.
BIGGEST AIRDROP !
The SOOM Foundation plans to use 400 million coins for the Airdrop program to build the community and trust of donors, the largest airdrop program ever built on Crypto history. Coin will be distributed under the supervision of the SOOM Foundation.
Each member of Soom's Airdrop program will receive at least 10 Soom Coins worth up to $ 10. To join Soom's Airdrop program simply follow these steps:
⦁ Step 1: Download the Soom application on your mobile phone:
⦁ Android: https://play.google.com/store/apps/details?id=core.soomcoin.wallet&hl=en&referrer=27af6436
⦁ IOS: https://itunes.apple.com/US/app/new-숨코인-soomcoin-wallet/id1420371656?mt=8
⦁ Step 2: Take steps to create wallet
⦁ Select "Create new wallet" if you are using one or select "Wallet restore" -You have created a wallet before. Copy your recovery code line and save it for use when you want to recover your wallet.
⦁ Select the country of residence.
⦁ Phone number verification
⦁ Step 3: Enter the referral code, this is captured so you get 10 coin
⦁ Referral Code: 27af6436 ⦁ Select "Next" to finish
⦁ Step 4: Check the prize money
⦁ Step 5: In the Balance section, select the share icon on the right of the screen to get your referral code and referrals to friends.
With each friend you download Soom, you will receive 2 Soom coin, your friend receives 10 Soom coin.
When your friend introduces new people, you receive one more coin.
Please introduce yourself to your friends help them get 10 Soom coin.
Soom coin was listed on IDCM at 13h00 on 27/08/2018.
Roadmap of the Soom project
⦁ 11/2017: Foundation of the SOOM Foundation in Switzerland ⦁ 12/2017: Blockchain 4.0 International Conference on Jeju Island Launched the first version of SOOM Wallet ⦁ Launch pre-sale round
⦁ 2/2018: Blockchain Ecosystem Workshop 4.0 in Macao, China ⦁ Blockchain Ecosystem Workshop 4.0 in Hanoi, Vietnam ⦁ Blockchain Ecosystem Workshop 4.0 in Phnom Penh, Cambodia
⦁ 4/2018: Blockchain 4.0 Ecosystem Workshop in Beijing, China ⦁ Blockchain Ecosystem Workshop 4.0 in Tokyo, Japan
⦁ 6/2018: Blockchain International Technology Forum in Beijing, China ⦁ Summary of pre-sale
⦁ 7/2018: First Wallet Upgrade ⦁ 8/2018: SOOM Coin on the electronic money trading platform: IDCM, Coinexchange ... ⦁ Blockchain service contract with KDDI Recuit Blockchain research cooperation contract with world leading universities: LA California State University, University of Tokyo, Waseda University, Konkuk University, Chosun University)
⦁ 9/2018: Introduction to Contents CR (Creative Rocket) ⦁ Blockchain Development Agreement with the Korean Dental Association
⦁ 10/2018: Supply contract with Yamoto, MX Mobiling
⦁ Quarter 4/2018: Test-net test run ⦁ Blockchain Ecosystem Workshop 4.0 - Jeju Island ⦁ Launched SOOM Miner ⦁ Open Blockchain Test-net for Changchun Logistics System in China
Q12019: Main net launch ⦁ Upgrade to the second Wallet
Q 2/2019: Launch of X-POS in Asia
⦁ Quarter 3/2019: Big Data / Collection and Analysis of Customer Information ⦁ API / Release Guide Launched the SOOM Crypto Exchange
⦁ Quarter 4/2019: X-POS worldwide release ⦁ Launched SOOM Mobile Phone
DEVELOPMENT TEAM AND CONSULTANT OF THE PROJECT
The SOOM development team consists of 9 people
⦁ Park Ki-Eob (founder and CEO): A businessman with more than 20 years of pioneering mobile communications. He was the CEO and CEO of Penta Tech and Founder of GeoFencing Tech. ⦁ Son Young Uk (CTO): Former Director of Kantech Telephone Entry System - KTES and KMW (Korea). ⦁ Hashimoto Yuki (CIO): He worked at Nishiba and was the CEO of Mobile service Jakonnet. ⦁ Ryu Sam Yul (CMO Marketing Director): is president of Pusan ​​MBC and KCTA. ⦁ Park Jon Seb (Chief Financial Officer - CFO): CEO of Mobione technology and G.A. Holdings Korea. ⦁ Antoine Guinot (Project manager): Master's degree in computer science and energy systems engineering. Has managed many projects in France, Korea and the United States. ⦁ Brian Um (Legal consultant): Over 14 years of experience in international business law matters. ⦁ Mital Malani (Developer): CTO of Global Lotteria Nigeria; IT Director at Shenzhen Vetron Technology and Matrix Asia Pacific. ⦁ Park Heung Soon (Developer): CEO Erise and director at Igo
The advisory group has 7 members
⦁ Henry Kim: CEO at Coca Cola Nestle Refreshments. ⦁ Ma Zhen Xuan: Chairman of the Qiao Yuan Public Diplomacy & Culture Exchange. ⦁ Piao Cheng Xiong: CEO of Wei Song Chuang Zhi. ⦁ Park Yong-duk: President of the Korea Convergence Society. ⦁ Tina Hoang: AGC Capital Investment Fund. ⦁ Morita Yoichi: Director of CSK Network Systems and a representative of SBC. ⦁ Liu Yi Liang
The project is implemented by Soom Foundation
Soom Foundation is a Swiss-based nonprofit that is monitored and supported by the Swiss Federal Agency. The investment is aimed at building and developing the Blockchain ecosystem for real-world applications, becoming the first Blockchain 4.0 platform in the world.
Founded and operated by Park Ki-Eob, a businessman with more than 20 years of pioneering mobile communications.
Soom Foundation has two other subsidiaries, Soom Blockchain based in Singapore and Soom Pay based in Korea.
CONCLUDE
According to the Roadmap, this project will be listed on the IDCM in August, ad also checked, IDCM floor has officially announced the opening of SOOM / BTC trading session from 27/8. Information about the development team and the project advisor is also impressive.
This is also an in-depth development project when they announce on their roadmap about running Testnet and Mainnet network tests. If anyone does not know, the electronic money and blockchain projects that really want to become the real platform will need to release their own Mainnet otherwise the coin is only running on the blockchain platform of the co-platform. Like Btc or Eth only.
Whitepaper writes in great detail both in engineering and business models and in the development of the Blockchain 4.0 ecosystem, demonstrating that the development team and consultant are thoroughly researched on the current blockchain technology and its shortcomings.
At present, the project has been implemented to build the Blockchain 4.0 ecosystem with its business models.
⦁ Prepare to sign a development contract, Blockchain study for KDDI Recuit companies, Korea Dental Association, LA California State University, University of Tokyo, Waseda University, Konkuk University, Chosun University BaaS case. ⦁ Soom Pay has cooperated with major payment applications in China such as Alipay, Wechatpay, QQ, Unionpay Quickpass ... ⦁ Prepare to sign a contract with Yamoto and MX Mobiling
It should also be noted that this project is run by the Swiss-based Non-Profit Investment Fund SOOM Foundation and is monitored and supported by the Swiss Federal Agency. Ad appreciates this because at present the project claims no ICO or public sale, they only made the first round of pre-sale from the first quarter of this year and sold 30 million SOOM coin.
In addition, the project will bring Airdrop up to 400 million coins for the community, which will greatly assist the project in marketing.
submitted by icoinformation to Soomcoin [link] [comments]

My Analysis and Predictions About The Future of Cryptocurrency…

Yesterday and the day before yesterday, I made some startling analysis and predictions about cryptocurrency and it’s future which are contained in 2 posts titled:
Regulation and the Future of the Crypto Industry https://web.facebook.com/williamikiabo/posts/2011512728883236
and…
Random Thought On The Subject of Bitcoin: A Sign of the Mark of The Beast And It’s Tendency To Reduce Or Lead To Sack of Bank Staff https://web.facebook.com/williamikiabo/posts/2009979932369849
Some of the high points in the two separate posts which I posted on my Facebook Timeline and some WhatsApp Groups are:
📍 Regulation of exchanges may lead to the delisting of Privacy Focused Coins.
📍 Exchanges will… be heavily regulated to prevent money laundering. This will require various level of Know Your Customer (KYC) and Anti Money Laundering (AML) [measures].*
📍 Cryptocurrency Exchanges may come under heavy regulation and supervision through the issuance of operating license.
📍 ICOs may be completely banned. Blockchain projects seeking early stage funding may have to source for funds from Venture Capitalists and or Angel Investors.
📍 The “One World Currency will be something like:
A Blockchain Based Currency, similar to the Ethereum Blockchain which will allows dApps to be built on top of it. This Cloud Based Super Computer will have an Ethereum ERC20 kind of Standard which will allow and make it compulsory for every nation in the world to issue a cryptocurrency version of their national currencies on top of this blockchain without which they will face severe sanctions.
This means that, the Nigerian Naira, Kenyan Shilling, South African Rand, American Dollar etc, may all retain their name and value…
As if I sat with someone and had some discussions before making those predictions, this morning, my Facebook Fiend from Russia: Butenko Viktor shared the following news summary
Day Totals https://web.facebook.com/groups/853793028078568/permalink/892240334233837/
📍 Tatyana Valova, Minister for Integration and Macroeconomics of the Eurasian Economic Commission, called on the countries of the EAEC to jointly develop legislation in the field of crypto-currency and lock-up. "It is possible that the digital economy will primarily be serviced by digital money," she said.
📍 The Dixy Group of Companies and GPB-Factoring LLC have begun testing the Faktorin block-platform for the automation of factoring operations. The platform will act as an intermediary between the buyer and the supplier, confirm money transfers and check the documents of the participants in the transaction.
📍 The Association of Virtual Currency Exchanges of Japan will publish new recommendations next week, presumably on June 27. It is expected that they will include a ban on insider trading and on the trading of anonymous crypto currency like Monero and Zcash.
📍 The large Japanese cryptographic exchanges bitFlyer, Quoine, Bitbank, BitPoint Japan and BtcBox will receive an order from the Financial Services Agency of Japan to improve anti-money laundering measures by the end of the week, as their work is not in compliance with the standards.
📍 The authorities of Cambodia announced that because of the high demand for crypto trading, any operations with crypto currency require a special license.
📍 The software company MediaOcean and the IBM iX division founded a blockbuster consortium for the advertising industry. The consortium includes such well-known companies as Kellogg's, Kimberly-Clark, Pfizer and Unilever. The test version of the new blocking solution for the advertising industry will be presented in July.
📍 French insurance corporation AXA with a capitalization of 61 billion euro launched a new service Fizzy on the blockbuster. Payment of insurance and automatic payments in case the flight is delayed for more than two hours, will be carried out with the help of smart contracts Ethereum.
📍 John McAfee reported about threats from the Securities and Exchange Commission (SEC) because of the progress of the ICO. "Because of SEC threats, I no longer will not work with the ICO, and I do not recommend them, and those who deal with the ICO can wait for the arrest. It is unfair, but this is reality. I am now writing an article about an equivalent alternative to ICO, to which the SEC will not be able to reach. Please, be patient ", - wrote Makafi.
📍 Hackers stole SiaCoin in the equivalent of $800,000 in thirty Internet cafes in China. The malefactors acted in collusion with Chinese computer equipment servicemen.
📍 Blue Line Futures President and futures broker Bill Baruch stated that the price of bitcoin has reached a minimum. The price of the first crypto currency will not fall below $ 6000, in the long term it will exceed $ 11,300 if the resistance level in $10,000 passes, Baruch believes.
📍 All the world's fiat currencies will have a crypto currency equivalent, Jeremy Allair, the CEO of The Circle Payment start-up, said. He also announced the launch of a new "stable coin" USD Coin, secured by the US dollar.
📍 Portuguese programmer, Zuo Almeida, created the Pokétoshi platform, which allows playing the popular Pokémon game developed by Nintendo, via the Lightning Network
📍 Former member of the Legislative Assembly of India Nalin Kotadia allegedly participated in the extortion of bitcoins worth $ 1.3 million from businessman Shailash Bhatta. Kotadia was declared a fugitive. It is noteworthy that the investigation also accuses the victim of extortion of $ 22 million under the threat of using weapons from a Bitconnect financial bitcoin-pyramid employee.

BitcoinForAfricaInitiative #LearnToEarn #Prediction #Analysis

submitted by degeek to u/degeek [link] [comments]

Money Tips? (not "how much")

I have a couple questions about money, not necessarily how much to bring, but in what form? Also, feel free to post any other basic money tips. One thing I already know is its better to exchange foreign currency in Thailand rather than at home.
Is it better to attempt to cover my costs only in cash? Should I use a mix of credit card, debit card, and cash? If so, what ratio would you suggest? Are certain places or merchandise better to use one over the other? Do people still use travelers checks?
I'm worried about losing cash if I bring too much, or losing my CC and not having it, or having to get it replaced. What about google wallet? or bitcoin (I'm only partly serious)?
I am going with my GF for 1 month, and we hope to do a lot of traveling all over the region, including Cambodia, etc. Mostly backpacking, but probably some flying/train + hotels here and there. I think we will have plenty of money, but I don't want to be worried the whole time I'm going to lose it.
Thanks :D
submitted by -updn- to ThailandTourism [link] [comments]

Stellar Lumens HODL alert: 2017 Round up, Partnerships, 2018 Road Map

THIS ARTICLE IS STILL UNDER CONSTRUCTION!!!!!
Stellar Lumens HODL alert: 2017 Round up, Partnerships, Lumens vs. Other Cryptos
Welcome everyone! The future of Stellar Lumens is bright! Today we will look at the accomplishments of Stellar.org in 2017.
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2017 Round Up
IBM / Stellar Partnership
• Kik Messenger’s KIN coin to move from Ethereum to Stellar in 2018
• Stellar ATM introduced in Singapore
• Jed McCaleb confirms IBM/Stellar has 30 banks on board (Youtube Video)
Lightyear.io enables forward thinking financial entities to easily join the Stellar ecosystem.
• IBM adds 8 new validators from 8 different countries onto the Stellar network (article)
Forbes calls Stellar “venmo, but on a global scale - and for larger bodies like banks and corporations.”
• Stellar Lumens Is Up 6,300% Since March and Is Aiming for Big Blockchain Partners (article)
• Many new partnerships (listed below) that will be using the Stellar network in 2018.
Binance and GoPax Exchanges Adds Stellar
Ledger Nano S support is now available for Lumens (XLM)
• The next coin to break into the top 10 cryptos (article)
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2017 Partnerships & Financial Institutions
IBM - is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries. IBM partnered with Stellar to help financial institutions address the processes of universal cross-border payments, designed to reduce the settlement time and lower the cost of completing global payments for businesses and consumers.
SatoshiPay - a web payment system that helps online publishers monetize digital assets like news articles, videos, or PDFs in tiny increments without friction.
EXCH.ONE - is a FinTech software company based in Switzerland currently working to integrate its platform and its first technology adopter Euro Exchange Securities UK Ltd. into the Stellar network. This addition to the Stellar network will bring access to currency markets of South and Central America,UK and a number of EU countries.
Novati (ASX:NOV) - is an Australian-based software technology and payment services provider. Novatti is currently working to integrate it’s platform into the Stellar network with the ultimate aim to build a global money transfer solution to provide cross border, cross currency and cross asset payments.
Pundi X - is an Indonesia based fintech company that provides POS device, debit card, multi-currency wallet that empowers individuals to buy and sell cryptocurrency at any physical store in the world. They say "buying cryptocurrency should be as easy as buying a bottled water."
MoneyMatch - is a Malaysia based fintech startup that provides a fully-digital peer-to-peer currency exchange platform for customers to transfer and exchange foreign currencies with complete ease and at great value. The company plans to integrate with the Stellar network and enable pay in and pay out from Malaysia.
Streami - is a Korea based fintech company that offers blockchain enabled cross-border remittance service and recently launched a cryptocurrency exchange. The partnership extends both on the exchange side and remittance operations.
Neoframe - is developing and marketing trading solutions for big brokerage firms in Korea and extends its business to blockchain based applications. Neoframe developed high performance centralized cryptocurrency exchange as well as secure wallet solutions and is working with big financial players. The company is planning to launch a remittance business for ASEAN countries (Thailand, Vietnam, Indonesia, Malaysia, Philippines, Singapore, Myanmar (Burma), Cambodia, Laos, Brunei) using Stellar.
SureRemit($RMT) - is a Nigeria based global non-cash remittances company. SureRemit leverages the Stellar blockchain platform to connect immigrants abroad directly with merchants that provide the services needed by their loved ones back home. With Remit tokens, immigrants all over the world can access digital shopping vouchers that can be spent on goods and services at accepting merchants wherever they are.
Cowrie Integrated Systems - is a Nigerian based Value Added Service Provider. Cowrie provides services at the intersection between telecoms and finance. Cowrie recently joined the Stellar network to bring novel fintech services to the African market.
Smartlands - is a Stellar-based platform designed to create a new class of low-risk tokens, secured by real, profitable assets in the real-world economy. Smartlands is designed to promote investments in the agricultural sector by allowing investment in individual projects, agricultural companies or indexes of groups of projects. These investments will be fully collateralized by agricultural real estate, other productive assets such as fruit or nut trees or, in some cases, the actual crop.
Klick-Ex - is an award winning regional cross-border payments system delivering financial infrastructure for emerging markets. It has been responsible for dramatic uptake in digital financial services in unbanked regions of the world, and lowering costs for banks, central banks and consumers in low liquidity currencies. Its key presence is in the Pacific and Europe, and it is a founding member of www.APFII.org processing more than 775,000 transactions per second, per billion of population (source).
Mobius - Mobius connects any app, device, and data stream to the blockchain ecosystem. Our simple and easy to use bidirectional API allows non-blockchain developers to easily connect resources to smart contracts and more. The Mobius MVP acts like Stripe for Blockchain by introducing innovative standards for cross-blockchain login, payment, smart contract management, and oracles. The Mobius Team includes David Gobaud, Jed McCaleb (Stellar.org founder), Jackson Palmer (creator of Dogecoin), and Chandler Guo (notorious Bitcoin & blockchain investor).
Chaineum - Chaineum, the first French ICO Boutique, will use the Stellar network for upcoming ICOs. “Chaineum is positioned as the first “ICO Boutique” in France, providing a range of end-to-end services to companies and international start-ups wishing to develop with this new funding mechanism. Chaineum is preparing 8 ICOs by the end of 2017, for European, North American and Asian companies, of which cumulative amount could reach € 200 million." (source)
Poseidon Foundation - Poseidon will simplify the carbon credit market with the creation of an ecosystem built on Stellar.org’s blockchain technology. This technology will prevent double counting of carbon and will be consistent across jurisdictions, making it easier for companies to deliver and measure progress towards their climate targets or other goals such as deforestation-free commitments.
Remitr - Remitr is a global platform for cross border payments, licensed in Canada. Remitr uses the Stellar network for international settlements for businesses as well as other payment partners. Remitr’s own payout network of 63 countries, comprising several currencies, is extended onto the Stellar network.
MSewa Software Solution (MSS) - MSewa Software Solution (MSS) Payments provides a one-stop digital payment service available across the Globe. MSS Payments aims at serving the consumers (Banked, Unbanked and Underbanked) with mobile banking facilities on the move from anywhere by transferring funds in their mobile phone.
PesaChoice - PesaChoice is a leader in international bill payment services for the African diaspora. PesaChoice aims at making international bill payment process easy, seamless, secure, with reasonable and competitive service fees, and up to date technological advances.
SendX - Singapore based SendX, in partnership with Stellar, is the better way to move money worldwide. The SendX team believes that the future of transactions is decentralized and distributed, bringing true equity to everyone across the value chain.
VoguePay - VoguePay, with offices in the United Kingdom and Nigeria, is partnering with Stellar to become the cheapest and most efficient way to send money between the United Kingdom and Nigeria. In the coming months, they expect to expand this service to other selected African countries.
HashCash - Hashcash consultants build financial solutions for banks and financial institutions over blockchain. We leverage the Stellar platform to build products that vastly improve the remittance and payments experience for banks and their customers. Transfers happen lightning fast at a fraction of current rates and operational cost is significantly reduced. HashCash is headquartered in India, with operations across South Asia and the Gulf.
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Stellar Lumens vs Other Cryptocurrencies
Lumens vs. Bitcoin: Jed McCaleb spoke at Distributed Markets in 2017 about the advantages, but more importantly, the disadvantages of Bitcoin. Listen to the talk here. Jed said, “Bitcoin is this awesome innovation. The first thing it does is converts a real world resource, electricity, into a digital asset. So it takes something from the real world and puts it into the digital realm. The second thing it does is provides immutable public record. It’s basically a database that everyone can see but no one change arbitrarily… That’s great, Bitcoin solves the double spin problem [ of proving possession and transmitting volume]… [However, to fix the problems of bitcoin] you might think well maybe we’ll just kind of keep adding [software] to Bitcoin until we get there, but that’s not really the way software works. You want to have the design from the beginning and solve these simple issues. Bitcoin was designed to be a new currency, it wasn’t really designed to be this unifying universal payment network. So that’s what Stellar does. It solves these three remaining issues.”
Lumens vs. Bitcoin #2: According to wired.com, "Bitcoin mining guzzles energy - and it's carbon footprint just keeps growing." Wired says "Today, each bitcoin transaction requires the same amount of energy used to power nine homes in the US for one day... The total energy use of this web of hardware is huge—an estimated 31 terawatt-hours per year. More than 150 individual countries in the world consume less energy annually. And that power-hungry network is currently increasing its energy use every day by about 450 gigawatt-hours, roughly the same amount of electricity the entire country of Haiti uses in a year." Because Stellar is based on a consensus algorithm rather than mining, it takes much less energy to run the Stellar network. The Poseidon Foundation decided to build their platform on Stellar rather than Ethereum or Bitcoin because of this (twitter source).
Lumens ICO tokens vs. Ethereum ICO tokens: According to Stellar.org, "traditionally, ICO tokens have been issued on the Ethereum network in the form of ERC20 tokens. ERC20 tokens are easy to issue and are infinitely customizable using Ethereum’s smart contracting language. However, recent events have highlighted and exacerbated some weaknesses of the network, including slow transaction processing times for the network during ICOs and increasingly expensive gas prices (by fiat standards) for transactions and smart contract execution. Moreover, many organizations require only basic tokens; they adopt the risk of Ethereum’s Turing complete programming language without taking advantage of many of its benefits."
"While Ethereum has the most expressive programming capabilities, we believe Stellar is the best choice for ICOs that do not require complex smart contracts. Stellar’s primary goal is to facilitate issuing and trading tokens, especially those tied to legal commitments by known organizations, such as claims on real-world assets or fiat currency."
Stellar vs. Ethereum #2: The median transaction time on Stellar is 5 seconds, compared to approximately 3.5 minutes on Ethereum (source). Stellar has a negligible transaction fee (.00001 XLM ~= $0.0000002) with no gas fee for computation, while depending on the complexity of the computation, the median cost for a transfer on the Ethereum network is $0.094. Security: While both Stellar and Ethereum run on a decentralized network, the Stellar network has fewer security pitfalls. Stellar uses atomic transactions comprised of simple, declarative operations while Ethereum uses turing complete programming capabilities which produces less auditable code and greater risk of exploitable vulnerabilities (source). Recently, a security flaw in the Ethereum network froze millions of dollars. According to Mobius ariticle written by David Gobaud, "On November 6, 2017, Github user deveps199 'accidentally' triggered a bug in Parity, a popular Ethereum mult-sig wallet, that froze more than $152 million in Ether across 151 addresses. The bug impacted several token sales including Polkadot, which has had ~$98 million out of its recent $145 million sale frozen."
"Mobius had none of its ongoing pre-sale Ether frozen because we do not trust Ethereum’s Smart Contract based multi-sig wallets given the vast Turing complete attack surface and did not use one. Security broadly is one of the main reasons the MOBI token that powers the DApp Store is a Stellar Protocol token and not an Ethereum token."
Lumens vs. Ripple: According to Wall Street Bitcoin Exchange, "Many investors like to compare the company [Stellar] to Ripple, and there are a lot of similarities, being that some of the founders worked on the Ripple team. In what can now be looked at as another blockchain development drama that plays out on chat boards and in interviews all across the globe. Stellar declared they fixed Ripple’s problems with their hard fork, however, Ripple has failed to admit to any of the flaws in its design that the Stellar team has pointed out." The article concludes by saying, "We Choose XLM Over XRP For 2018. That is why we are going with Stellar Lumens over Ripple in our portfolio for the rest of 2017 and 2018. After holding Ripple for a long time this year, it just never seems to make the big break like other names with bigger market caps like Bitcoin Cash, Dash, and Litecoin have. While we are holding on most all our larger market caps, we feel that Stellar Lumens will be one of the break out coins for 2018."
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Conclusion
The stellar.org team is doing an amazing job making partnerships and pioneering the use of blockchain technology for various types of transactions. What we are seeing is a new technology that can actually be used to solve real-world problems. As a community, we need to continue supporting Stellar and we will quickly see it power transactions across the world. What are your thoughts about Stellar? What do you see in the future of Stellar? Any important news you want to share? Comment below.
submitted by chargingerman to u/chargingerman [link] [comments]

$VMNT Vemanti Group Announces Investment In TrustPay, A Blockchain-Focused Fintech Company

Vemanti Group Announces Investment In TrustPay, A Blockchain-Focused Fintech Company
https://www.otcmarkets.com/stock/VMNT/news/Vemanti-Group-Announces-Investment-In-TrustPay--A-Blockchain-Focused-Fintech-Company?id=181867&b=y
NEWPORT BEACH, Calif., Jan. 30, 2018 (GLOBE NEWSWIRE) -- Vemanti Group, Inc. (OTC PINK:VMNT), a technology-driven holding company, today announced that it has entered into an agreement to take 19.6% interest in TrustPay USA, Inc. (“TrustPay”), an innovative blockchain-focused FinTech company.
TrustPay is the parent company of TrustPay, JSC, a B2B, B2C, and P2P financial services, merchant services aggregator, and mobile payment company with operations based in Ho Chi Minh City, Vietnam. In partnership with 22 leading national banks, the company develops and markets several software and hardware payments products, including mobile apps, digital gateways, cloud-based POS, QR readers, virtual prepaid VISA cards, and NFC/HCE applications. In the last 5 years, it has focused product development efforts on 2 key blockchain-based financial applications: an AI-driven digital banking platform and a cryptocurrency trading exchange, TrustDex (www.trustdex.io).
The investment agreement follows a successful pilot program of TrustDex in early December 2017 managed by TrustPay and the Company, offering consumers based in the countries of South East Asia improved access to online cryptocurrency trading. The pilot program attracted more than 10,000 trades per day within 3 weeks. As part of the deal, the Company and TrustPay agree on a partnership to expand global and US market presence for TrustDex and to bring innovative digital currency-based financial services to underbanked markets around the world. TrustPay is working on an API integration to Coinbase (www.coinbase.com), one of the world’s biggest exchanges, for Bitcoin, Bitcoin Cash, Litecoin, and Ethereum transactions. It’s also looking to launch its Banking-as-a-Service (BaaS) offering and deliver its unique AI and machine-learning technology to 500,000-strong network of merchants and users.
"Our goal is to build up assets and valuation. Obviously, we are very pleased to add this FinTech investment to our portfolio. With a target regional market of over 640 million people and 2.6 trillion in GDP to start, we expect TrustDex alone to have tremendous financial achievements this year. And with an experienced blockchain engineering team already on-board, we’ll also be able to help accelerate TrustPay’s product launch roadmap for their digital banking platform," stated Tan Tran, CEO of Vemanti Group.
"We’re excited to welcome Vemanti into TrustPay," explains Eric Vuong, Chairman and CEO for TrustPay. "We don’t take on a new investor unless we feel that they also bring a positive impact to our business. Just in a few months of working together, we have come to greatly appreciate the astute approach to business by Vemanti. They are the right investor and partner for the next phase of our growth. The global opportunity within the blockchain-based financial sector broadly has far more potential than we can practically execute ourselves. With Vemanti, we now have the partnership we want and need to scale."
As part of the agreement, the Company will execute an equity exchange for 19.6% percent interest in TrustPay initially with options to increase its stake later. Once finalized, details of the transaction will be included the Company’s filings.
About Vemanti Group, Inc.
Vemanti Group, Inc. (OTC PINK:VMNT) is a technology-driven holding company that seeks to be active in high-growth and emerging markets. Our core strengths are in technology development and investment. We plan to grow through acquisition and investment in disruptive and foundational technologies by targeting early-stage businesses that have market viable products or by starting a new subsidiary of our own. Strategically, we focus mainly on early-stage Fintech and E-commerce companies based on blockchain technology. For more information, please follow: http://www.vemanti.com
About TrustPay USA, Inc.
TrustPay USA, Inc. is the parent company of TrustPay, JSC (www.trustpay.vn), a B2B, B2C, and P2P financial services, merchant services aggregator, and mobile payment company with operations based in Ho Chi Minh City, Vietnam which started in 2009. TrustPay, JSC also owns TrustCard (www.trustcard.vn), a digital prepaid VISA/MasterCard card issuer, TrustWorld (www.trustworld.vn), a digital loyalty and group-buying platform, and TrustShop (www.trustshop.vn), an online e-commerce platform. It also has holdings in various fintech startups in Vietnam and with office locations in the UK, Singapore, and Cambodia. In partnership with 22 national banks, the company markets several software and hardware payments products. It’s currently focusing on blockchain and cryptocurrency applications.
Legal Disclaimer
This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management's plans and objectives for future operations. Some or all of the events or results anticipated by these forward-looking statements may not occur. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control.
Contact Information
Vemanti Group, Inc. Investor Relations (800) 768-1288 [email protected]
submitted by louied91 to pennystocks [link] [comments]

What emerging markets could launch Bitcoin literally to the moon?

I'm a toddler when it comes to Bitcoin knowledge so correct me if I'm not on the right path here but, it seems that the U.S. has a very limited perspective on the future of Bitcoin.
Sustained value comes from utility of the currency and how many people are using it (buying from the exchanges) correct?
So would it be safe to assume that if the fastest growing economies in the world (Uzbekistan, Nepal, India, Djibouti, Laos, Cambodia, Philippines, and Myanmar in 2017) adopted Bitcoin, then a surge would be imminent?
I know that China has cracked down on the use of Bitcoin deeming it only used for fraudulent/criminal activity. If their population had the opposite idea, then it'd be expected for Bitcoin to keep rising dramatically.
Even if that's true. The largest shadow market economies tally up to 138 billion in GDP. That's a large market in which Bitcoin's utility is definitely better.
I guess the question is, if these markets adopt bitcoin could we buy now and afford to buy a commercial rocket flight to the moon?
submitted by 789521456852 to Bitcoin [link] [comments]

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