HTC 2nd Gen Blockchain Smartphone To Launch In 2019

It has been reported that the Taiwanese consumer giant, HTC is planning on launching a second generation blockchain-enhanced smartphone sometime in 2019.

According to Chief decentralized officer Phil Chen the new product is the company’s bid to increase the sales of smartphone and expand the blockchain ecosystem of the company.

The future blockchain-enhanced HTC phone will be its second attempt to leverage blockchain technology on its smartphone products.

The first product it released that use blockchain technology was Exodus which was released in 2018.

Chen revealed that the sales for its Exodus smartphone had met the company’s expectations stating that Bitcoin (BTC) and Ethereum (ETH) users and new crypto trading startups had driven the demand for the product considerably.

The 2nd gen blockchain-enhance phone will expand its supported blockchain apps to areas such as browsing, messaging and social media, this is in addition to the phones existing support for cryptocurrencies and other related dApps.

Future Of Banking Through The Use Of Ethereum Blockchain

The initiative of Societe Generale, an investment bank in France, to issue a security token-like bond in which it was both the issuer and sole investor might seem a pointless act but taking a closure look it seems to be a start of a permissionless blockchain use case within an industry that initially thought that it was unworkable for them.

There are several reasons why the banking industry feels this way, from a regulatory compliance perspective to competitiveness concerns that are not easily attained in a permissionless blockchain environment.

While it is not yet clear why the 19th largest bank in the world conducted this pilot one thing is for sure, banks cannot afford to turn their back on the disruptive threats and opportunities posed by permissionless protocols such as Bitcoin or Ethereum.

The evolution of the internet serves as an important lesson that could help us peak to the possible outcome of public and private distributed ledger technology.

It had become clear that public, open, interoperatible internet had beaten private and closed intranets of early days of the internet.

It has become apparent that that internet’s open, global system proved superior because it imposed no limit on network size, enable a global developer talent pool of unlimited size and collective brainpower.

Using Bitcoin On Amazon Now Possible Through Moon and Lightning Network

Bitcoin holders is now able to spend their Bitcoins in online retail giant Amazon through an ingenious network solution called Moon.

Moon is a new crypto payment-processing start-up that works by allowing lightning network-enable wallets to be used through moon’s browser extension.

The extension enables shoppers to connect their crypto wallet like Coinbase and use balance available within the wallet to pay for goods.

The said extension not only offers payments using Bitcoin but also reportedly supports Litecoin (LTC), Ethereum (ETH) and Bitcoin Cash.

According to Ken Kruger, CEO at Moon, after installing the Moon browser extension give you the option to pay with cryptocurrencies instantly and seamlessly, as the transactions are handled by exchanges and financial institutions that converts the supported cryptocurrencies into fiat and then pay Amazon sellers in fiat.

New Exchange Gets Strategic Personal Investment From Co-founder Of Huobi

According to news reports online Jun Du, Huobi co-founder and current CEO of Node Capital and Jinse has made a personal strategic investment to a relatively new Singapore-based exchange.

Biki-com is a recently launched crypto exchange just launched last August 8, 2019 with nearly 1 million registered users and 100,000 daily active users making it among the top 30 exchanges in the world.

The 5 million USD investment of Du makes him the biggest individual that invested in the exchange.

Du explains that the team at Biki is very strong in execution and he believes that it has the potential to become one of the leading exchanges in the crypto space.

To secure the funds of its users the exchange has set up a risk guarantee fund, which receives 20% of the monthly revenue from the trading platform.

Jaguar Wants To Exchange Crypto With Their Data

It has been reported that Jaguar Land Rover is planning to reward drivers with cryptocurrency in exchange for sharing their data.

The automaker is reportedly testing blockchain technology to allow users to enable their cards to automatically report road condition data like traffic congestion to navigation providers and local authorities.

In exchange for this data drivers will be rewarded with IOTA Tokens.

This was made possible through the partnership of IOTA Foundation, the organization behind IOTA tokens as well as automaker Jaguar Land Rover.

The initiative will include auto Jaguar’s software engineering center in Shannon, Ireland, which has already integrated the technology to several vehicles.

It will use smart wallet technology where users will be receiving their rewards for sharing their data then can be redeemed to buy coffee or to pay tolls, parking fees and electric charging.

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