Exclusive Interview: Dilip Krishnaswamy of Jio talks about Blockchain adoption in India

Exclusive Interview: Dilip Krishnaswamy of Jio talks about Blockchain adoption in India

Dr. Dilip Krishnaswamy is currently serving as Vice President (New Tech R&D) at Reliance Industries Ltd., India (Parent company of Jio).

He is a Fellow at the Center for the 4th Industrial Revolution (C4IR) at the World Economic Forum. He also serves as the head of Blockchain platform engineering. He has a PhD in electrical engineering from the University of Illinois at Urbana-Champaign. Previously, he has worked as a senior scientist at IBM Research, as a senior staff researcher in the office of the chief scientist at Qualcomm, and as a platform architect at Intel, and has taught at the University of California, Davis. He is an inventor on 60+ granted US patents, and has 70+ publications, with 3 best paper awards. His research interests include distributed information processing, distributed function virtualization, distributed resource management, blockchain technology, edge services, NFV/SDN, NB-IoT, AI/ML, IoT/M2M, 5G architecture & systems, AI/cognitive systems, and solutions related to smart cities and smart villages. We at Blockmanity had a chance to interview Dr. Dilip on the sidelines of the Genesis Devcon 2019 organized by IBC media. We hope you enjoy the interview.

Blockmanity:  Let’s start off with your background and how you got into Blockchain.

Dilip: I’ve been an electrical engineer for a long time and computer science as well. After my Ph.D. from Illinois, I worked at Intel and Qualcomm research and eventually got into to IBM Research. I recently joined Jio a little more than a year ago So Blockchain started when I was at IBM Research, they saw the potential and started working on it. We were working with regulatory authorities as well. I was interacting with TRAI and IDRBT which are RBIs R&D wing on how to leverage Blockchain for India. We wrote a white paper for IDRBT on applications of Blockchain in banking and financial infrastructure, I was also working with TRAI on some of the telecom regulatory applications. Primarily though looking at it from the private/permissioned framework.

Blockmanity: How long has Jio been exploring Blockchain?

Dilip: I think we have been exploring Blockchain for a little bit more than 2 years. There is a lot of interest in Bitcoin around the world but the underlying technology of Bitcoin which is Blockchain has a much broader potential going across industries and use cases where information needs to be shared across these entities and a beautiful use case has happened with TRAI. So I was at IBM Research influencing this regulation and now I’m actually making it a part of Jio. It’s important for regulators to play a role in taking Blockchain technology forward because there is a need for some neutral entity that these companies have to trust to make it happen.

There is another use case where the national payments corporation of India is trying to get all the banks together to settle all the bank transfer in real-time in less than 15 mins instead of 6 hours. So then everything is closed very quickly and it can be an aggregate transfer that is actually recorded where there might be 200 transactions going back and forth between two banks but the net transfer maybe just 2 lakhs so it can be settled in one single shot. Since NPCI was already a trusted neutral entity that is enabling UPI, creating a Blockchain network was not very hard. But if one the banks had tried to do it would have been much harder In the telecom use case the regulators said they wanted to do it but there isn’t a neutral entity so what Happened is the operators together formed a group and all their nodes are participating on a single Blockchain network So actually all the operators together are the neutral entity.

Blockmanity: So Is the Blockchain the neutral entity here?

Dilip: Effectively right? There isn’t a single organization that is responsible for it, If the companies come together then it’s a good thing but if the regulators are forcing them then they won’t have a choice. So it’s a good thing that the regulators get involved in creating neutral networks

Blockmanity: The word Blockchain has been overused all around, how do you define a Blockchain? Are you exclusively exploring permissioned chains or are you also open to permissionless networks like Bitcoin and Ethereum?

Dilip: So I think truly permissionless networks like Bitcoin and Ethereum have a problem of total lack of trust in the network which is why they have to go through the Byzantine consensus such as proof of stake or proof of work which is a total waste of energy across the globe. The question is what are you enabling? if it is something like creating a digital currency that can be transferred using wallets then it had already be done by banks even without needing a cryptocurrency. The banks have all the information for auditors like RBI, the identity is obfuscated in Cryptocurrencies by using only the public and private keys by design. That is a huge risk, that’s why all the governments are steering away from it. They are also worried about people losing money with bad investments in crypto tokens The question is what use case are you enabling and what do you need. Do you need a cryptocurrency? Maybe not. Do you need a Blockchain? maybe yes. Not all use cases need a Blockchain unless you want to increase the level of trust between nodes with some sharing of information with this kind of a system which provides the transparency and immutability

Blockmanity: Jio made an announcement that they trying to build the largest Blockchain network with thousands of nodes on the first day, What is Jio planning to do?

Dilip: I can’t speak directly for the company, but it’s more about enabling a Blockchain ecosystem. One of the things that Internally we were building is a microservices-based Blockchain system that can dynamically scale up and down as and when needed so different smart contracts can individually scale on a different Blockchain network based on their throughputs. So all these will leverage the same infrastructure like virtual machines and containers, we don’t want to store the data on the Blockchain since it is transparent. We just want to record the fact that the transaction occurred but the data still

remains off-chain.

So you see that the Blockchain is just part of the overall system to enable data privacy.

Or if there is a machine learning use case for emergency health care then Blockchain is an enabler for that where you want to transfer the patient’s medical record from one hospital to another,  you transfer the data off-chain but record the fact that you transferred on the blockchain. You negotiate with the insurance company and the hospital on behalf of the patient but record the fact that

the insurance agreed to  support that

So the Blockchain will act as a source of truth for all the transactions that happened, Essentially it records the things that happen on the control plane without disclosing all the information in the user plane. There should be some information as to who transacted with who and what did they do without revealing what information is processed.

Blockmanity: Jio I would say revolutionized the internet space by giving access to millions of users, is it fair to speculate whether Jio will be able to do something similar with Blockchains?

Dilip: I think you can view Blockchain as one of the tools that are needed for advanced technology processing in the future, you will need machine learning, quantum computing, AI and natural language processing along with the traditional processing. As data is produced some of it may need Blockchain which will be invoked. It’s just that we are adopting new technology in our overall technologies and Blockchain typically will not exist by itself it will need AI, IoT and smart infrastructure. All of these technologies coming together will ultimately provide value to the users.

Blockmanity: What is the timeline of Jio’s plans and are current regulations by the RBI holding it back in any way?

Dilip: All I can say is that there is a general interest in permissioned/private Blockchains and if there is interest from the government relating to stable coins that might get traction. But we have to see how the RBI and the government view things going forward.

Blockmanity: What are some of the areas in which Blockchains could add value?

Dilip:

Data privacy and ownership is one of the big use cases of Blockchains

There are so many other use cases across industries like supply chain, trade finance and a lot of automation is happening in the industry that did not use blockchain but they are realizing that if they can actually do some processing that might have been done by Oracle and SAP. those transactions can be enabled on the Blockchain itself but you have to figure out what information is sharable which needs thinking among all the participants because previously they were not sharing. Now with some automated sharing, we can get faster transparency where you actually have continuous information which is a useful utility.

Blockmanity: Do you see any utility with public Blockchain networks?

Dilip: Are Cryptocurrencies adding any value to the people or are people just doing it because they are excited about the technology. Blockchains enable automating and sharing of information, Cryptocurrency is just one small portion of this entire tree of opportunities. Public use cases can also be enabled on permissioned Blockchains as well, for example in the case of land records on the Blockchain, they can go through a login system provided by the government and provide query information based on what they are allowed to see. People don’t have to directly interact with the Blockchain, there can be a hybrid method of accessing the networks.

Blockmanity: India has generally been late in terms of adoption of new technologies whether it be internet or credit cards, etc. Do you think we have the edge when it comes to AI, IoT, and Blockchain or will it be late to the game?

Dilip: India has tremendous talent and potential, people being so bold in creating their own startups and being visionaries. I think it bodes really well of India, I don’t think we will be lacking behind any technology, but what I do see is that people are leaving the education programs really early and they are lacking depth in mathematical knowledge and engineering foundation. They haven’t gone deep into a Ph.D. program or something to go into the depths, revolutionary technologies come from very deep thinking and research, a lot of people are doing incremental work like creating an android application or using some open-source software. In some instances it does becomes successful but if you want to lead the world you should also invest in education.

Article Produced By
Shrikar

Shrikar is the co-founder of Blockmanity and a Blockchain evangelist. He is a die-hard fan of security tokens. He follows the market closely but does not trade. He believes in Hodling.

https://blockmanity.com/interview/exclusive-interview-dilip-krishnaswamy-of-jio-talks-about-blockchain-adoption-in-india/

Thomas ClaimCo.in

How the Global Development Community will Shape the Future of Blockchain in Health Care

How the Global Development Community will Shape the Future of Blockchain in Health Care


Nothing is quite as diverse and complex as the global health care system.

Indeed, we live in an era where health care differences between countries are significant. It’s not uncommon for individuals who struggle with a health condition to gather their medical records and travel to a foreign country in the hope of getting treatment. Differences in cost, expertise, or even tech accessibility shape a world in which impoverished countries can’t meet the needs of their population. But living in a wealthy state doesn’t prevent medical errors and complications. Patients who change addresses are the first to discover the challenges of relocating their health care records safely. More often than not, records can be lost or corrupted during a transfer. Should a patient move abroad, it is fair to say that their health records can be almost impossible to obtain as there is no global approach to health care data and storage. Therefore, it makes sense that going forward, the health care system needs to evolve to address the needs of a growing nomadic population. That’s precisely where the blockchain technology could revolutionize the way we deal with health care data at a global level.

#1. Why is blockchain technology so crucial to health care data? 

Nobody says it better than Frank Ricotta, BurstIQ CEO:

“Blockchains are networks. These networks facilitate connections, and it is the connections that in turn, create new markets. In the case of healthcare, they also create communities. At BurstIQ, we are seeing a growing global community of developers and health innovators collaborating to solve problems in creative in a blockchain centric way. This community of crowd innovators are now being recognized by large health-focused companies, including hospital systems, bio tech, pharma, and big tech. We are being approached by their innovation teams, asking how they can tap into crowd innovators and unleash it to solve some of their big daunting problems.”

Due to the nature of blockchain technology, digital data can be distributed without being copied, which means that critical information such as health care records are unlikely to get encounter errors in the process. Additionally, the record of data is not only immutable, but it is also time-stamped, which provides an additional layer of security to the cryptographic chain. In a world where we need to share health care data between specialists, blockchain offers a secure option that prevents data loss, corruptions, and transformations.

#2. Boost research potential globally

With the help of a global development community that helps to bring the interest of international researchers together, blockchain technology can establish a pool of research data that is shareable between all health care researchers and scientists. As such, research becomes a global target where authorized users can contribute to sharing knowledge and results and boost the discovery process. While this requires an overarching structure to be established by a global community to define the authorization process, use of the networks, the data exchange process, and the security of the network, it would dramatically reshape health care research. The global team of researchers can not only contribute to the same health care project to eradicate diseases. Additionally, funding can be spread across all participant research centers, as well as supported by a shared crypto-funding capital.

#3. Everybody can finance health care development

Cryptocurrency is the most famous use of blockchain technology. Research centers and health care centers could rely on cryptocurrency crowdfunding to fund health research as well as support their most vulnerable patients. Indeed, blockchain makes it possible to develop fair access to health care for all, both in terms of knowledge and fundings. For this to happen, we need the global development community of developers, health care innovators and researchers to design a baseline structure that regulates fair global exchanges of funds. Indeed, health care financing is one of the most prejudiced processes that affect global populations.

#4. A consortium for health care dialogue

Currently, health care services exist in isolated clusters of networks across the world. These networks don’t interact with each other. More often than not, they don’t share the same structure, regulations, or architecture. If we are to introduce blockchain technology, the global health care needs to agree on a consortium for common foundations. That’s where it’s detrimental to the success of a comprehensive health care approach to find a reliable and knowledgeable development community that understands how to manage those challenges. Indeed, paving the way towards a single approach health care means reaching beyond governmental authorities and regulations to establish a rule for all. The global community needs to take responsibility for reshaping the architecture and IT protocols in the health care industry to create a global health care solution. There’s no denying that our approach to health care has improved through time. However, relying on blockchain to shape the health care of the future could eliminate global disparities and enhance our understanding of diseases and research.

Article Produced By
Ishan Garg

Ishan is a cryptocurrency trader and a journalist. He is the founder of Blockmanity. He trades cryptocurrencies and holds some but he prefers holding USDT.

https://blockmanity.com/news/feature/how-the-global-development-community-will-shape-the-future-of-blockchain-in-health-care/

Thomas ClaimCo.in

Who Is Investing in Cryptocurrency?

Who Is Investing in Cryptocurrency?


Cryptocurrency is expanding into the everyday lexicon,

and growing interest is expanding the pool of people interested in investing. It is estimated that slightly less than 10 percent of Americans own cryptocurrency. Individuals who do not own any typically give a variety of reasons why they don’t, including the fact that they don’t see a need to do so and that there were too many fees associated with purchasing. Individuals invest for a variety of reasons. Some people like the fact that these currencies are not connected to any sort of government or banking institution. Others invest because of the scarcity associated with it. There is a hard cap on the amount of cryptocurrency available, and once it is met, no additional will be created. For example, it is estimated that all Bitcoin will be mined by 2140. This low stock to flow ratio generally indicates that an investment will grow. If you have ever considered investing in cryptocurrency but hesitated because it felt confusing or you weren’t sure what to do, you should know the process is straightforward and secure. You will create a wallet that holds your currency, create a purchase offer, and pay. The coins are then transferred to your virtual wallet.

Who Is Buying and Using Virtual Money?

Many college students use some of their student loan money to purchase cryptocurrency. This may be surprising to some, but there are no rules against it. Student loans can be used for living expenses, and that category is very broad and generous. After they apply here, many students use their loans for groceries, transportation, and childcare. For someone familiar with blockchain technology and comfortable making the purchase, they feel their purchase will have time to grow, and they can use their profits when it is time to repay their loan. Of course, this is highly speculative, and any money you borrow will need to be repaid after graduation. As an age group, millennials win as investors in cryptocurrency. They make up the majority percentage of investors. More men than women invest, although interest from women is rapidly growing. Most people who make these purchases have a particular interest in banking and financial services.

Business Use and Investment

Once businesses begin the widespread use of cryptocurrency, you can be sure it has entered the mainstream. There are a variety of ways that businesses can and do use the currency. They can accept it as a method of payment. Many businesses are beginning to do this, both for online sales and at point of sale machines. Some businesses are beginning to pay either regular employee salaries or bonuses with cryptocurrency. Businesses can also invest in this new technology in a variety of ways. They can join projects or develop products or services that implement blockchain technology. Groups and projects are being developed across all industries to come up with real-world use for blockchain technology. As business use of bitcoin and other types of virtual currency grows, more people will become comfortable using it in their everyday life.

Article Produced By
Ionela C.

https://coindoo.com/who-is-investing-in-cryptocurrency/

Thomas ClaimCo.in

How to Buy Bitcoin with Cash App in 2020

How to Buy Bitcoin with Cash App in 2020

If you want to know how to buy Bitcoin using Cash App, then you have come to the right place.

Keep on reading our guide to find out how you can quickly purchase BTC through this app.

What Is Cash App?

The Cash App was developed by Square, a San-Francisco financial technology company that has released mobile credit card readers and many other financial services. The app was created to provide an easy-to-use platform for Bitcoin beginners. The Cash App is an app that facilitates the buying and selling of Bitcoin. Users from most states are able to make dollar and Bitcoin transfers between their peers and businesses that also have Cash App. Other features available include withdrawals, deposits, USD and BTC storage, the option to link your own debit/credit card, and more. Square’s app allows beginners to buy Bitcoin easier. It should be noted that Cash App is not for day trading.

When it launched in 2013, the Cash App was initially used for sending money to family and friends for free (like Venmo), pay for goods and services, pay bills, etc. But then the app expanded its functionalities by adding in 2018 Bitcoin buying and selling options. This mobile app has gained a lot of traction, as it enables P2P transactions with Bitcoin while incurring no fees.Unlike other crypto financial platforms, your Bitcoins are not stored externally of Square, instead, the funds are kept in your Square Cash account on your behalf while you make your transfers. You have the option of withdrawing your coins when you have completed your purchase or sale. *Note: You will be required to verify your name, date of birth, and the last 4 digits of your SSN before you will be able to send more than $250 a week. After identity verification, the weekly sending limit is raised to $2,500.

Square limits purchases and BTC deposits to $10,000 per a seven-day period, however, you have no restrictions for the amount you can sell. It can take up to several hours for the transactions to be confirmed on the blockchain. The Cash app can only be used by residents of 50 United States with the expectation of Puerto Rico, Guam, the U.S. Virgin Islands, American Samoa, and the Northern Mariana Islands. You will not be able to use the Cash App if you’re traveling to other countries or live outside of US borders. There is a version of the app available for people based in the United Kingdom, Japan, Australia, and Canada.

How to Buy Bitcoin with Cash App: Step-by-Step Instructions

  1. Go to the Android or Apple app store and download the Cash App for your mobile device.
  2. Then, set up your Cash account.
  3. Enter the code sent to you and confirm your phone number or email address.
  4. Select if you want to use your account for business or personal matters. If you want to send money only to friends and family, select “Personal.” If you want to send money to goods or services, select “Business.” After you have registered, link your bank account.
  5. Before you can buy Bitcoin (BTC), Cash App will have to deposit money into your account. This may require additional identification steps.
  6. Open your Cash App.
  7. Tap “Cash & BTC” or the dollar amount featured at the top of your screen.
  8. Swipe left or tap the BTC symbol in the upper right corner.
  9. Tap “Buy,” and adjust the price slider or swipe up to enter the sum you want to buy.
  10. Tap “Buy BTC.”
  11. Type in your Cash pin or identify yourself via Touch ID.
  12. Tap “Confirm.”

Are There Any Fees for Buying Bitcoin?

Cash App does not apply a supplementary percentage or fixed fee. The price of BTC is calculated by averaging the market prices featured on major exchanges, inclusive of a margin or speed. The margin may be different to buy Bitcoin (BTC) from Cash App and to sell Bitcoin (BTC) to the app. The price and margin may also vary from the values featured on other exchanges, trading platforms, or marketplaces.

 

Fees for deposits and transfers 

Cash app has no fees applied to debit accounts transactions, but it applies a 3% fee to credit card transfers for the sender. Personal use accounts do not incur any fees for sending, requesting or receiving money personal payments from a debit card or a bank account or for a standard deposit. Using the instant deposit option will add a fee of 1.5% of the amount deposited to your bank account. If you receive a payment on a business account, the business has to pay a fee of 2.75% of the sum that is being transferred to you.

Withdrawing Bitcoin to Your External Wallet

As we all know, it is not safe to leave your crypto fund on any online platform, and it is best practice to transfer your funds to a safe, external Bitcoin wallet.

Follow the steps presented below to move your Bitcoin to an external wallet:

  1. Open your Cash App;
  2. Tap the profile icon in the left part of the screen;
  3. Scroll to “Funds;”
  4. Tap on “Bitcoin;”
  5. You will have to verify your identity before withdrawing;
  6. After you have passed this step, tap on “Transfer Out;”
  7. Tap “Confirm;”
  8. Use the “Use Wallet Address” at the bottom of your screen or scan the QR code from your external wallet;
  9. Tap “Confirm.”

After the withdrawal from Cash App has been processed, your Bitcoin (BTC) will be deposited into your external wallet. Bitcoin transfers can take up to several hours to be completed, so be patient. Cash App can also be used as a means of transferring Bitcoin P2P when you opt to buy Bitcoin on online marketplaces, such as Paxful and LocalBitcoins, if you have agreed to use this method with the other transitioning party.

Conclusion

Now that you have reached the end of our article, you should know how to buy Bitcoin using Cash App. Keep in mind that you have to be from the specified US states and countries in order to be able to use the app.

Article Produced By
Anca F.

Hi, I’m Anca. You might’ve stumbled upon my literary creations while searching for stuff on the internet. I write mostly on topics related to tech, crypto and such (although there was a period in my life when I wrote sarcastic descriptions for bizarre Amazon products). When my ADD kicks in I turn sticky notes into Pikachus or pop bubble wrap.

https://coindoo.com/how-to-buy-bitcoin-with-cash-app/

Thomas ClaimCo.in

Trusted Crypto Tumbler To Protect Your Wealth

Trusted Crypto Tumbler To Protect Your Wealth

crypto tumbler

Back when Bitcoin originally emerged, over 11 years ago at this point,

cryptocurrency transactions were believed to be fully anonymous. This belief stuck around for years to come, but today, we know that, in most cases — this is no longer the truth. Since the invention of blockchain explorers, it became possible to track every Bitcoin transaction, all the way back to the genesis block. This came as a part of blockchain transparency which promises to eliminate corruption, theft, and other such issues. However, there is still a need for a certain level of privacy, as people like to keep their wealth to themselves, and not let everyone know how much money they have, or how much they sent for whatever purpose. This is why many are now using crypto tumblers, or mixers.

What do crypto mixers do?

As the name suggests, crypto mixers/tumblers mix up the coins in order to hide/disguise/make it difficult to discover where the coins came from. Things like the amounts, transactions, and wallet addresses to and from which the coins travel are fully traceable, which is why tumblers exist. In a way, you could say that mixers can add an extra layer of privacy while using Bitcoin, Ethereum, Litecoin, and many other cryptocurrencies. There are many Bitcoin mixers, as well as mixers that focus on these other cryptos, specifically, such as Ethereum mixers. There are also services that offer mixing for multiple coins.

But, they all work in the same way. When you obtain your coins through purchase within exchange (where your identity is known due to current regulations), the exchange knows exactly who you are and how much money you have. The same is true for everyone else who has the authority to request such data from the exchange. If you simply transfer the funds to your private wallet, anyone will be able to track this transaction. They will see where the funds came from, where they went, and what amount made that trip. With your identity known on the exchange, it is easy to conclude that the wallet address belongs to you as well. If you send the money to a mixer first, however, it will still deliver the money to your wallet, but it will change the time of the second part of the transaction, as well as the amount that arrives, and the path from the exchange to the wallet will be interrupted. This brings additional security and privacy, and makes your use of crypto difficult to track.

Keep your identity safe with cryptocurrency tumblers

Using tumblers for cryptocurrencies has a number of benefits. For example, it allows you to stay anonymous. It can also discourage hackers, who would otherwise be attracted by your wallet if they knew that significant amounts are going in and out. It would also allow you to stay private, as people would be able to see that the coins are entering or leaving, but they would not know whose those coins are. As a result, you can spend them without the transactions being traced to your name. Not to mention that you still need protection from the real-world criminals, who might go after you if they discover that you own a wallet filled with coins that have become highly-valued. Shopping with crypto is also becoming more and more popular, with the number of merchants accepting coins growing almost on a daily basis. With additional privacy that comes from the use of Bitcoin tumblers, you can easily purchase anything online without people knowing that it was you.

Bitcoin fungibility

Finally, you can also use crypto tumblers to make your Bitcoin more fungible. The fungibility issue has attracted the attention of many, as people ask the question of whether a certain quantity of BTC can be swapped for another of equal value. Of course, the answer is yes. All Bitcoins come with the same value, regardless of whether the coin you gave is the same that you got back or not. But, due to the protocol that makes each coin have its own unique hash and signature, it is still possible to track a particular coin. That is why using mixers to give away your particular coins and get others that have the same value can help you stay truly anonymous. No one will know who you are, even if they know where your coin came from, which gives you the ability to hide your identity completely.

Article Produced By
Globalcoin

Independent ICO Research and Reporting on the Biggest Cryptocurrency Winners From a Top 10 Crypto News Site

https://globalcoinreport.com/trusted-crypto-tumbler/

Thomas ClaimCo.in

Bitplaza Inc Introducing Cryptocurrency to Retail

Bitplaza Inc Introducing Cryptocurrency to Retail

BitPlaza

Even though influential companies are not ready to validate cryptocurrencies as a stable form of money,

Bitcoin is becoming a more frequently used currency daily. There is a rising number of companies that accept Bitcoin for the purchase of their products, validating it as a spendable currency around the globe. Bitplaza Inc took the next step into technology and commerce, providing customers with a platform where they can spend Bitcoins for their needs through a mobile device. It opens the opportunity for companies and brands to list their products in exchange for Bitcoin, which will give more credibility to the coin.

What is Bitplaza?

Bitplaza is a shopping app that belongs to a retail company called Bitplaza Inc, located in Pennsylvania. The app is available on both Google Play and the Apple App Store. Bitplaza allows anyone globally to purchase brand new items with Bitcoin. The app has a wide variety of products to buy online, from electronic devices, video games, even groceries. The products that can be purchased from the app range from popular brands such as Sony, Starbucks, Adidas, Apple, and many more. The Bitplaza team is always adding new products to the shopping app, making more items available to be purchased with Bitcoin. The app covers a broad range of products for the different needs of the customer. 

Bitplaza is a company that innovates new technologies to make shopping with cryptocurrency, into something easy. It’s the first mobile application of its kind that allows people around the world to make a purchase online using Bitcoin as the main currency.  In the time that the Bitplaza app has been on the market, it has proved to be a reliable platform for customers that use Bitcoin. It offers secure shipment of products both overseas and in the US. The security of the customers’ information is fundamental when working directly with cryptocurrencies; Bitplaza provides this security during the purchase without compromising the customer’s private data.  

Impact on the Bitcoin Market and Global Retail

The initiative that Bitplaza Inc took by creating an easy app for people to spend Bitcoin has become a boost in the currency market. The reason why Bitcoin is not yet one of the standard currencies in the world is for the lack of support that it has from Central Banks and other entities. In addition to that, most retail companies claim that Bitcoin is still too volatile, and until it shows a stable price, it can’t be used as a payment method or measure for other currencies.

The statement is beginning to change with the appearance of Bitplaza, AT&T, Overstock, Dish Network and other companies adopting the currency as a means of payment. The launch of Bitplaza also marked the next step for the retail business, unifying the prices of products worldwide under the same digital currency, which is something unseen before. It allows the rise of international commerce, highlighting the possibilities of stable interest rates and making it easier to import a product that’s not local.

Advances on Bitcoin for 2020

The strength of Bitcoin grows every year, even though the many business entrepreneurs declare it as a forgettable trend and are a bit skeptical. Others argue the Bitcoin market is one of the three most essential assets as an investment for the future. Companies like Bitplaza and many others show that the cryptocurrencies are the next step on the e-commerce evolution which is not going unnoticed by the central banks, investors, and traders.

The year 2020 may be the one that will determine the future for Bitcoin and other cryptocurrencies. Different events such as the Halving on May 2020 will have an impact on the Bitcoin market, increasing the value. On the other hand, various companies are investing in creating more opportunities for Bitcoin to grow. The use of Bitcoin for shopping purposes is becoming more frequent each time around, and it can’t be ignored much longer.

Article Produced By
Globalcoin

Independent ICO Research and Reporting on the Biggest Cryptocurrency Winners From a Top 10 Crypto News Site

https://globalcoinreport.com/bitplaza-inc-introducing-cryptocurrency-to-retail/

Thomas ClaimCo.in

New Crypto Regulations In The US: Are The Good Times Over?

New Crypto Regulations In The US: Are The Good Times Over?

 

All of us who have invested and traded in Bitcoin knew that there was no guarantee

that the good times would last forever. We’ve seen the value of the currency have ups and downs and then ups again, demonstrating its resiliency in a changing world. We’ve also seen it thrive during times when conventional markets struggle. Free of regulation and unconnected to industries and businesses that can drag a market up or down along with them, during its best months it’s been exactly what we all hoped it would be when the concept of cryptocurrency was first explained to it.

Even those who have done well out of Bitcoin would have to admit one thing if we were honest, though – we didn’t know for sure it was going to blow up like it did. Spending money on Bitcoin – especially during the last couple of years when prices have been particularly volatile – has always been akin to throwing money into a game on an online slots website and hoping for the best. Sometimes when you play online slots on websites like UKOnlineSlots.com, you get a huge return from a very small stake. Other times, perhaps more often, the company that runs the online slots website takes all of your money, and you’re left with nothing. Based on the news that’s coming out of the United States of America, the US treasury may soon be about to start playing the part of the online slots website – and they might be calling time on placing fresh bets.

There’s no way to dress up Steven Mnuchin’s start warning any other way. He hasn’t minced his words when it comes to his opinion on cryptocurrency, and several of his contemporaries and allies feel the same. Mnuchin says that stringent new regulations are coming, and they’ll likely change the way that all of us interact with crypto, and perhaps even our freedom to do so. Neel Kashkari, the President of the Federal Reserve, is on record as calling crypto ‘a garbage dumpster,’ and so we can expect the Federal Reserve to back the new regulations to the hilt. In other words, they think we’ve all had our fun at the expense of conventional banking systems for long enough, and now it’s time for the conventional financial controls and controllers to fight back.

In a strange way, we can probably blame Mark Zuckerberg and Facebook for all of this upheaval. If his company hadn’t tried and failed to get approval from US-based authorities for the doomed pseudo-cryptocurrency Libra, the whole idea of crypto probably wouldn’t have come in for such close scrutiny in the United States of America at all. Now, even the President appears to know what it is, and he doesn’t like it. Before Libra started pursuing official channels, American authorities sort-of knew what cryptocurrency was, but they turned a blind eye to it. Now they’ve been forced to lift the veil and find out what’s there, and it turns out they don’t like it one little bit. Because of that, they’re going to make it as hard and unrewarding for Americans to invest and trade in it as possible.

Right now, the price of Bitcoin hasn’t been affected too much by the announcement of forthcoming regulations. If you know much about the way Bitcoin prices move, that might not be too big a surprise. The scheduled halving event is still expected to go ahead in May, and the currency’s value is currently dependent on that far more than it is on any other external factor. Were the halving not on the radar, it’s likely that Mnuchin’s announcement would have sent Bitcoin’s cost crashing back through the floor. Depending on what’s contained within his package of rules and sanctions, it may still do so.

Ostensibly, Mnuchin’s concerns about Bitcoin (and other cryptocurrencies like it) is that they’re too anonymous, and they’re too open to use by terrorists, fraudsters, and organized criminals. Money can’t be followed from one place to another, and it’s difficult to know who has what, and where they’ve got it from. To put it another way, they hate it for a lot of the same reasons that the people who trade in it like it. Even those of us who love the concept, though, mostly acknowledge that more needs to be done to ensure that crypto doesn’t become a hiding place for illegal and immoral conduct. Some regulation activity with regard to this might even be welcomed in some quarters, but it’s hard to imagine what such a regulation would look like, or how it could possibly be enforced.

While the winds of change appear to be about to bring band news on the breeze for Americans, their impact on the rest of the world might be limited. Europe, which is generally seen as more forward-thinking when it comes to future technologies than the United States of America, already has an agreed framework for how crypto may or may not be used, and the majority of users and traders are happy to abide by it. Switzerland, in particular, is known for its pro-crypto stance, and it’s very telling that Facebook has decided to switch its Libra operation to that country recently.

It’s hard to say what the final outcome of the American change in attitude to crypto is likely to be, but it appears that we’re about to see a very important test. Will tougher regulations in the USA make it harder for everyone to trade and drag cryptocurrency prices down, or will the world of crypto carry on regardless with very little in the way of change or disruption? If the former happens, we may all have to reluctantly accept that the good times are over, and we’re going to have to make the best of what we still have. If the latter happens, though, it will be a rude awakening for the US Treasury. They’ll have had confirmation that cryptocurrency is a beast that they cannot control and can barely even influence – and that will likely scare the conservatives who set the tone of policy within the organization to death. 

Article Produced By
Bitcoin Garden

This content is brought to you by the Bitcoin Garden staff.

https://bitcoingarden.org/new-crypto-regulations-in-the-us-are-the-good-times-over/

 

 

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Thomas ClaimCo.in

5 reasons why you should use a brokerage exchange service to buy and convert cryptocurrencies

5 reasons why you should use a brokerage exchange service to buy and convert cryptocurrencies

It is considered that the best place to buy cryptocurrencies exchanges.

But this is a mistake. Let’s think about why we don’t buy fiat currencies on stock and currency exchanges or on the interbank market. Because it takes a lot of time, you need to have quite large amounts, and trading licenses are also a problem. The situation is similar in the cryptocurrency market. Exchanges require a lengthy KYC verification process. the process of withdrawing funds through a merchant can take up to 5 banking days. It should also be remembered that before withdrawing funds, you must conduct trading operations.

What are the advantages of the brokerage service 365Cash.co?

1. You don’t need to go through a lengthy KYC verification process. This is a crucial aspect for those who worry about their anonymity.

2. Low limits and fast execution of the exchange order. If you need a small amount quickly – 365Cash.co is the best choice.

3. The ability to use payment systems like Perfect Money, Payeer, AdvCash to buy cryptocurrencies at the market rate. Exchanges do not provide this opportunity.

4. Low commission. They do not charge customers a fixed fee for the exchange. They work at the market rate and are completely dependent on the spread.

5. Quick support service. Their operators will solve any issue within 2 minutes, while on the big exchange, you will need to create a ticket to the support service and wait for hours for a response.

Briefly about 365Cash.co

Exchange service 365Cash.co appeared in 2015. For 5 years of existence, they have become not only the largest exchange service in the CIS countries but also conducted more than 1,500,000 exchange operations. The service has more than 20,000 positive reviews from customers and more than 45,000 customers who trust them. They have a profitable referral program where partners can earn up to 30% of their profits. There is also a wide loyalty program.

Article Produced By
Bitcoin Garden

This content is brought to you by the Bitcoin Garden staff.

https://bitcoingarden.org/5-reasons-why-you-should-use-a-brokerage-exchange-service-to-buy-and-convert-cryptocurrencies/

Thomas ClaimCo.in

Tron Approved Proposal Initiated By BlockchainOrg With Several New Functions Of TVM

Tron Approved Proposal Initiated By BlockchainOrg With Several New Functions Of TVM

According to Justin Sun’s tweet, today, on February 24, a request for voting No. 29 (corresponding to proposal No. 32),

initiated by the super representative BlockchainOrg’s, was approved. Note, that super representatives play a key role in managing the TRON community, providing basic functions such as block generation and verification.As proposal No. 32 is approved, the TRON virtual machine (TVM) will get several new features, including:

  • batch signature verification support;
  • multi-signature verification;
  • determination of the address type.

At the same time, it will further enrich the use of smart contracts. For example, in the case of multi-signature verification, the user can add the validate multisign keyword to verify multiple signatures. Regarding the support function, batch signature verification can be used to support multiple users to sign the same data content (hash). As for the latter function, developers may often encounter a situation of invoking another contract, but some contracts may not want to be called by other contracts, and the call may be restricted using isContract.

Why Is It Important

The main feature of the TRON virtual machine is its easy access for blockchain developers. Besides, the platform is fully integrated with Ethereum products. TVM is convenient for developers, as they can use familiar programming languages, including Ethereum’s Solidity and others. The fact that the system is combined with the Ethereum virtual machine makes it easier for those who create apps based on blockchain. In addition, the system conducts transactions faster and cheaper. Tron platform smart contract transactions and operations are free. Developers will enjoy the flexibility provided by TVM.

It is also planned that TVM will be compatible with the EOS virtual machine and other major virtual machines. Unlike the EOS network, where block producers are elected without the possibility of buying votes, this practice exists in the TRON ecosystem. Super representatives can send all profit they receive for new block generation to purchase votes. Once developers realize that TVM is a universal tool for smart contracts and DApp creation, the Tron ecosystem will get a new impetus for development. Therefore, a decentralized Internet is gradually becoming a reality.

Article Produced By
Victortia Tiebienieva

https://newslogical.com/tron-approved-proposal-initiated-by-blockchainorg-with-several-new-functions-of-tvm/

Thomas ClaimCo.in

bZx Hack: Blockchain Security Firm Litecoin’s Charlie Lee Weigh In

bZx Hack: Blockchain Security Firm, Litecoin’s Charlie Lee Weigh In

Litecoin’s Charlie Lee Weighs In

Litecoin creator, Charlie Lee, upon hearing about the exploits, said it was one of the reasons he never trust DeFi. Claiming DeFi is not decentralized, Charlie Lee said most DeFi can be shut down by a centralized party and hacks on cannot be undo or exploited unless more centralization is added. He said: “This is why I don’t believe in DeFi. It’s the worst of both worlds. Most DeFi can be shut down by a centralized party, so it’s just decentralization theatre. And yet no one can undo a hack or exploit unless we add more centralization. So how is this better than what we have now?”

Article Produced By
Olayode Yusuff

https://newslogical.com/bzx-hack-blockchain-security-firm-litecoins-charlie-lee-weigh-in/

Thomas ClaimCo.in

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