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Ripple-Powered Mobile App to Provide On-Demand Payments in Japan
The Japan Consortium is set to launch a revolutionary smartphone app called “MoneyTap,” which will allow customers to settle transactions instantaneously, 24/7. The app is powered by Ripple’s blockchain technology. Instant Domestic Transfers for 80% of Japan According to an announcement on Ripple’s official website, this is the first time in Japan a mobile transaction settlement app has been developed which will be utilized by multiple banks throughout the country. SBI Net Sumishin Bank, Suruga Bank, and Resona Bank start using the app in Fall 2018, after which various other…
Read MoreEntrepreneurs-Only Venture Hotel Tribe Theory to Accept Bitcoin, Ethereum
Tribe Theory has created a space for thinkers, innovators and entrepreneurs to work and stay, and, in the true spirit of forward-thinking entrepreneurship, they accept Bitcoin and Ethereum. Starting your own business can be expensive. You take some time to see profits and when you do, they most likely go back into the business to cover some sort of expense. Arguably, this venture can be even more difficult if you’re dealing in digital while the most of the rest of the world is still feeling the fiat. Even so, networking…
Read MoreThe Curious Case of ‘Cobra Bitcoin’: The Peculiar Anon with a Lot of Power
The controversial owner of the web portal Bitcoin.org and Bitcointalk, an anon named ‘Cobra Bitcoin’, has been a popular subject within the cryptocurrency community lately. It’s strange that a person who nobody really knows has so much control within the BTC community, and lately his messages have been very cryptic, even making some believe his accounts have been compromised. Also Read: Japan’s SBI Holdings Claims 40% Stake in Hardware Wallet Company Who Is This Cobra Character? There are a few characters within the bitcoin space who are anonymous but have enormous…
Read MoreChinese Altcoins Can’t Stop Failing
Every country produces its share of underperforming altcoins. They’re called shitcoins for a reason. But China has a track record for creating altcoins that are shittier than most. The country has spawned a slew of talented developers, and has made a huge contribution to cryptocurrency adoption and innovation as a whole. But when it comes to altcoins, China’s wither and die at a phenomenal rate. The question is, why? Also read: NEO Is Either a Raging Success or a Total Disaster Big Trouble in Crypto China During bull markets, checking your…
Read MoreAustralians Keep Getting Scammed Out of Their Bitcoin
Consumer Affairs Victoria has been flooded with reports of people falling victim to fraudulent Bitcoin scams. Investment Scams Down Under Australia is a hotbed for Bitcoin scams. According to Consumer Affairs Victoria, a unit of the Department of Justice and Regulation, Bitcoin oriented fraud continues to wreak havoc on investors. Most reports center around victims losing their cryptocurrency through fake Bitcoin websites. The average loss per victim is roughly $300. For the month of January 2018 alone, $10,692,438 have been scammed out of Australians, primarily by way of Ponzi or pyramid schemes.…
Read MoreMore Belarusians Search “Crypto”, Question “Legalization”
Interest towards cryptocurrencies in Belarus has increased significantly in the past year. Topics related to bitcoin, mining, and blockchain have been popularized by media. Belarusians are searching for more crypto information online, but there are some key questions search engines are unable to answer: Will ordinary citizens benefit from the upcoming legalization? Are they going to be able to receive salaries and pay bills in bitcoin? Concerns are growing that Decree №8 may simply turn Belarus into a “crypto-offshore”. Also read: New Plant to Assemble Mining Rigs in Belarus Cryptocurrency…
Read MoreQuébec Premier: We’re Not Really Interested in Bitcoin Mining
Québec, Canada has recently been thought to be a bitcoin mining boom town, as more data centers set up there to take advantage of relatively cold climes and low cost electricity. Not everyone is happy about it, especially the local government who fail to see why decentralized, invisible, magic internet money is worth anything at all. Also read: Highly Organized Crime Blamed for $2mil Bitcoin Mining Burglaries Québec Government Pushes Back on Bitcoin Mining Craze Québec currently boasts over 40 data centers, using roughly 350 megawatts. In just two more years,…
Read MorePetro is a Terrible Investment (If You Didn’t Already Know)
Near the middle of February, collapsing socialist country Venezuela launched Petro — the world’s first state-issued cryptocurrency — purportedly backed by the country’s oil reserves, and there is quite literally no reason anyone should ever invest in the farce. Backed by Incompetence President Maduro’s decision to create his own cryptocurrency might seem strange, given that Venezuela itself is in the throes of an extreme economic crisis. In addition to human rights abuses, the entirely incompetent government regime can’t provide enough food for its citizens. Malnourishment, poverty, and unemployment are skyrocketing…
Read MoreLitecoin, Dogecoin, and Bitcoin Cash Are Neck-and-Neck in the Payments Race
While Bitcoin is still overwhelmingly preferred for transacting, the latest data shows that Litecoin, Bitcoin Cash, and, surprisingly, Dogecoin, are currently neck-and-neck in the cryptocurrency payments race. Altcoins Vie for Market Share But Bitcoin Still King In its six months of existence, the transaction count for Bitcoin Cash — the Bitcoin spinoff focusing on cheaper and faster transactions for everyday payments — has petered out since record highs at the beginning of the year. Meanwhile, other altcoins also focusing on cheaper and quicker payments, namely Litecoin and the tongue-in-cheek Dogecoin…
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