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African Partnership Deal To Provide Software Solutions

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Blockchain Academy is partnering with Yellowtail to provide blockchain software solutions. In an announcement, the partnership deal is geared towards helping small businesses and organizations incorporate the blockchain technology into their systems thereby creating better service solutions.

Blockchain Academy, which is situated in Cape Town South Africa provides training and consultancy service on blockchain technology for companies and organisations that want to train their staff on this new technology. Managing Director of Blockchain Academy, Sonya Kuhnel in a speech

“Yellowtail Software provides quality, sophisticated software solutions to its clients. We are happy to be collaborating with them to assist our clients in applying blockchain technology into their current systems and to actually build these systems for them. They are on the forefront of developing blockchain solutions in South Africa and they have a great track record of delivering solutions.”

Yellowtail which is also a software company based in Cape Town focuses on blockchain technology, fintech and retail software solutions. The objective of the partnership is to establish how the blockchain technology can be used to improve business processes and how well the clients can benefit maximally while defining future strategies.

“We are passionate about crafting software solutions for business needs. At the cutting edge today, we find the distributed ledger technology, called blockchain, enabling a paradigm shift and revolutionising how business is conducted, from exchange of assets and value to disintermediating control and establishing trust. This paradigm shift is not easy to understand and apply. We are therefore delighted to be partnering with the Blockchain Academy, which is one of the leading blockchain training providers in South Africa. Together, we will lead business and technical decision-makers through a hands-on discovery journey of what blockchain technology is about and how they should embrace it in their business. From education to ideation, to practical software solutions.” Yellowtail Software’s Managing Director, Kornelis Miske, said.

 

 

 Let’s hear your opinion about the partnership. How effective will this partnership be? Leave your comments in the section below.
Image source: pixabay.com

 

 

 

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

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Proposed Tron partnership with Liverpool In the Pipelines

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Proposed Tron partnership with Liverpool in the Pipelines
Picture Credit: Today's Gazette

Justin Sun, the CEO of Tron who’s extremely active on Twitter, tweeted a video earlier in the week hinting at a proposed partnership with the famous English premier league football club, Liverpool though some people have dismissed the video as inconsequential and criticized Sun for deliberately misleading people with the announcement.

The tweeted short video shows a red envelope that reveals a screen with the Tron logo alongside Liverpool’s. Then the manager Jurgen Klopp shares the philosophy of the football club, implying that the club is inviting Tron to partner with the football club.

The caption attached to the video by Sun says “Thank you for the unique and innovative invitation, Liverpool! I am impressed and I’m looking forward to exploring this #TRON new partnership together!.”

But the nature of the partnership is unclear, and Sun didn’t include any specific details about it.

Dismissed as fake

In another tweet, Kraken’s CEO, Jesse Powell, responded with a screenshot of an email sent to him from “Liverpool” about a partnership. The fake email included a reference to a video package that was sent to him. Jesse dismissed it as a scam.

Decrypt Media also claimed it spoke with a representative of Liverpool Football Club who allegedly confirmed that the club does not intend to have a partnership with Tron.

Though Sun has often been accused of creating false excitement in investors to drive up the price of its coin by announcing several partnerships, the Tron organization has sealed some exciting collaborations and acquisition in the past.

Proposed Tron partnership with Liverpool in the Pipelines

Tron past partnerships/acquisition

Tron, a blockchain platform focused on building a decentralized web and infrastructure, started on the Ethereum blockchain but launched its main net on June 25, 2018. Since then the project has made bold moves even in the middle of the recent bear market.

The notable companies Tron partnered with in the first quarter of 2019 include Tether and CoinGate. In January, it announced that ABCC cryptocurrency exchange would be the first to list the tokens based on Tron’s TRC10 technical standard.

Last year, Tron partnered with Binance in a bid to facilitate blockchain adoption around the world. Tron’s CEO donated $3 million to Binance Charity Foundation to use the blockchain technology to help people in the least developed part of the world.

Tron had also acquired BitTorrent, the popular peer-to-peer file sharing service, and went on to have a successful Initial Exchange Offering recording $7.1M in less than 15 minutes in the first session of the sale.

There’s been some speculation about what form this partnership with Liverpool will take. Maybe Tron could build a decentralized live streaming service for Liverpool’s matches, a decentralized game or Liverpool could create its fan token on the Tron blockchain.

Some football clubs that have created a blockchain token in the past include the biggest club in the top division of France Paris Saint-Germain, Italian soccer club Juventus and one of Brazil’s oldest and biggest club Atletico Mineiro.

Paris Saint-Germain and Juventus had partnered with a blockchain platform Socios.com to launch the Fan Token Offering, which allows fans to vote on decisions such as choosing the club’s jersey color, stadium music, and logo.

Disclaimer:

The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

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Bitcoin Payments on Amazon Now Possible via Moon

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Do you know that bitcoin can now be used as payment on Amazon? This is made possible by the innovation of Moon using the Lightning Network.

As announced by Moon earlier this week, the crypto payment processor initiative will enable users with a lightening wallet to utilize Moon’s latest browser extension to pay for products on e-commerce sites such as Amazon by connecting the browser extension to the Coinbase exchange account.

According to Ken Kruger – Moon CEO

The extension will pop up a QR code and it will have the lightning invoice, which you could also copy and paste if you can’t use the QR code for some reason. And you’ll be able to pay with your favourite lightning wallet.

It is not clear if Amazon fully backed the initiative. However, it has been tested to be fully operational using the specified Coinbase exchange. A further inquiry into the simple working process of the conversion of the bitcoin cryptocurrency to fiat (which is the generally accepted payment) for Amazon merchants has proven to be more private than expected- as no financial institution has accepted to be in charge of this.

However, Kruger stated that by 2020, the Lightning-enabled feature is expected to work on an e-commerce site. Whether that platform accepts Bitcoin directly or not, does not matter. Currently, users spend their crypto from their wallet on Amazon, via the plugin.

This good news is sure to launch on Wednesday 24th April 2019, and it will be on a Chrome web browser.
Speaking about Integration, Kruger said that VISA and Mastercard partnered to make integration work, and so they are going to earn a percentage equivalent to plastic cards on every transaction on the network.

In his words;

There’s no direct merchant integration. However, we’re integrating with the Visa and Mastercard network and we get a cut of the interchange fees that merchants pay every time they receive a credit card transaction.

While many argue that its a step in the right direction for Bitcoin and blockchain Adoption, others are still on the sidelines to see how it pans out in the long run.

About Moon Company

Moon is a crypto payment processing company set up in New York last year. Its staff includes only three people with just $100,000 invested by the Entrepreneurs Roundtable Accelerator. she is planning to run a Series A in 2019 together with learning users’ behavior for building its activity’

Moon browser is currently available on Chrome Browser, Brave browser, and Opera.
It is not out of place to say that the company is set to initiate support for other major retail stores like eBay, Dominos, Aliexpress Target And Etsy.

Adoption is on a steady rise in Asia in the transportation sector, in Europe in areas of remittances and insurance while in Africa, we still ask questions like “can you receive your payments in Cryptocurrency?” However, Could these moves from Moon and others be responsible for the recent bitcoin price rise?

Disclaimer:

The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

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France’s National Assembly  Approves Crypto Usage In Insurance

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Bitcoin adoption is taking a steep rise as France National Assembly Members voted for insurance companies in the country to invest in Bitcoin and other cryptocurrencies in life insurance contracts.

Previously, the investments into specialized professional funds (SPFs) had excluded  cryptocurrencies. But the recent changes made to Article 21 and Article 26 open the door for SPFs to invest in Bitcoin and other blockchain-backed assets. Deputies overhauled the Insurance Code through the Pact Act, with Article 21 opening a door for life insurance contracts to invest in (SPFs) specialised professional funds. Article 26 gives the SPFs the ability to invest in blockchain-backed assets.

According to Emilien Bernard-Alzias, Attorney, Simmons & Simmons: “With these two provisions, it is written in black and white that SPFs can invest in cryptocurrencies like bitcoin.”

Joel Giraud, an Assembly member, while speaking to the local news outlet, Les Echos, about the matter made it known that: “This was not the primary goal of Pact, but insurers will actually be able to offer products based on crypto-assets. They will be able to do so through specialized funds.”  

Pertinently, the decision of getting Bitcoin and blockchain-based assets involved in life insurance policies in France wasn’t a day’s work. It is worthy to note that policymakers and companies worked together for over 12 months  to make the rule change happen. And it could be assumed that the changes made to Article 21 and 26 allowing SPFs to invest in cryptocurrencies may trigger other jurisdictions to seek policy changes to allow the entrance of Bitcoin and blockchain-based assets.

The adoption of bitcoin and other blockchain-backed assets to be accepted by insurance companies was agreed upon by almost a unanimous votes of 147 Assembly Members voting in favour and 50 votes against. This vote represents that only a third of the 577 seats comprising the Assembly.

The report had it that Bruno Le Maire, the Economy Minister, was happy with the results. In the wake of his happiness, he said that he’s “very happy with the adoption of the law PACT! The vote is wide, thank you to the majority for your total support and for all the work that has been done. We are determined to continue transforming our economy.”

Since there are no minimum or maximum limits a life insurance policy can invest in virtual currencies, this then allows those with life insurance policies to increase the value of the policies when Bitcoin rises in value.

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France To Push For EU Partners To Adopt Its Cryptocurrency Regulatory Framework

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It has been a formalised fact that the French parliament had cautiously approved a regulatory framework  that included rules aimed at attracting cryptocurrency issuers and traders to establish their companies and platforms in France by giving them some official recognition. In the other way, this law ensure that these issues and traders are appropriately taxed based on their profit generations. This financial regulatory framework was passed on last week.

This new cryptocurrency regulation passed in France is obviously the first of its kind adopted by a major nation. Unarguably, it will allow firms that want to issue new cryptocurrencies or trade existing ones to apply for a certification.

As has been stated before, the certification will be granted by the French market regulator for those who want it. And hence,  issuers, traders, custodians and investors will have to pay taxes on profits they make on those securities.

The major goal of this regulatory framework is to set up a market in mostly in the city of Paris for companies raising capital through cryptocurrency projects which would allow France to grab a slice of the expanding business while giving it some oversight of a niche which some fear could be a target for speculators.

Under this regulatory framework, France authorities would verify who is behind a new coin’s issuance or a trading platform, and check the companies’ business plans and anti-money laundering rules. The certification will give investors basic guarantees against outright fraud, but will not protect them against losses. However, the specific requirements companies need to abide by to get the regulatory stamp of approval are still to be defined by government decrees.

In the wave of this development, according to Reuters news report, France will ask for the European Union to adopt a cryptocurrency regulations similar to the one it brought in last week at a national level, becoming the first major country to do so.

This proposal was made known by Minister Le Marie in Paris at the event on blockchain technology. In his words: “I will propose to my European partners that we set up a single regulatory framework on crypto-assets inspired by the French experience. “Our model is the right one.”

Reuters equally reported that “the European Commission has recently launched a feasibility study on how to regulate the cryptocurrency markets, though no legislation is expected at least until late 2019 as the mandate of the current administration is ending.”

 

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