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Telegram’s plans for GRAM look very like Facebook’s plans for Libra — a large network runs a token as a private interchange currency, with completely private issuance, with questionable backing.
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“To the extent permitted by applicable law, Governmental Authorities, and technology and mobile platforms, the Parent shall use its reasonable endeavours to facilitate the use of Tokens as the principal currency used on Telegram Messenger by building TON Wallets into Telegram Messenger.”
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“Cambodia launched the pilot of a blockchain-powered payment system this week, as the South-east Asian country aims to reduce money transfer costs and improve financial inclusion. The application, know as the Bakong Project, connects financial institutions and payment providers, enabling users to pay and make transactions in real time without fees, according to Cambodia’s central bank.”
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Even though the bitcoin market has evolved significantly over the last two years, a majority of BTC is owned by a small number of individuals. They can exert pressure on the markets to form patterns and lure unsuspecting traders to take their bait.
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Ping An built an empire around safe and staid products like life insurance. Now it’s betting its future on inventive uses of big data—and gearing up to do battle with fast-growing tech giants like Alibaba.
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“We urge you to support regulation that does not disadvantage U.S. companies using these technologies to innovate responsibly, and classifies digital currencies in a way that recognizes their fundamental differences — not painting them with a broad brush.”
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The new hardware wallet comes from YOUNIQX Identity, a subsidiary of the Vienna-based Oesterreichische Staatsdruckerei. Called Chainlock, the device is a 100% offline wallet offers private key generation in a high-security enclave that OeSD said means the keys cannot be viewed by any outside party – even YOUNIQX or OeSD employees.tags: Fintech CryptoAssets
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A new generation of technology companies, called govtech, is using new technologies applied to public services, and designed for local and central governments. These tech-enabled solutions promise greater efficiency and transparency in the way the citizens engage with the administration, transforming the way nations distribute welfare, keep citizens safe, provide healthcare, and deliver key public services.
Kiffmeister’s Fintech Daily Digest 07/29/2019
