Australian Government Initiated To Promote Its Tourism Sector By Granting Crypto Start-up That Will Definitely Create A Paradigm For Multiple Sectors Going Forward

The blockchain technology has started changing the dynamics of the way businesses do globally. The South East Asian country Australia has initiated to consolidate its tourism sector by granting and encouraging its tourism sector through the blockchain technology. Australia’s Queensland State Government announced on Wednesday that it has granted a $100,000 to a start-up based on crypto travel experience. TravelbyBit, an Australia based company designs tourists routes on which travelers can transact with cryptocurrency (with the help of crypto payments platform for trading) provided by the company.

Needless to say that the Tourism is one of the most important industries in Queensland as stated by Ms. Kate Jones, Innovation Minister in Australia. Further, she says that “TravelbyBit has devised a clever way to make it easier for visitors to our state to pay for their purchases with a growing number of local businesses accepting cryptocurrency payments”.  

TravelbyBit is one amongst the 70 companies that are expected to receive funds in the range of $8.3 million grant which the company will use to scale up and grow its business models. There are 150 traders across the country use TravelbyBit’s payments platform as stated by Caleb Yeoh, CEO of the company. In addition, the company has organized its strategic partnership with Brisbane Airport Corporation in order to build a crypto friendly airport. This will definitely add values to the country’s tourism sector. We can expect that more sectors will follow the same models going forward.

Caleb has also commented in the statement that the country wants to target a variety of tourist brands mostly tech-savvy traveler from around the world who are inclined to book their travel experiences while organizing their trip through the use of digital currency especially to make payment for their travels. Let us not forget that at present TravelbyBit facilitates payments in BTC, DASH, LTC, ETH, XEM cryptocurrencies.

 

The Cryptocurrency Trading Craze Amongst Indian Community Is So Lucrative That They Find A Variety Of Ways Amidst Restriction Imposed By Country’s Central Bank

Now that the blockchain technology has already accelerated its footprints in the emerging country like India, the Indian crypto traders have plotted the ways to trade cryptocurrencies mostly the crypto major Bitcoin to thwart the ban imposed by the central bank – Reserve Bank of India. The central bank has already warned all the financial institutions from offering services to all those companies that deal with cryptocurrency.

However, amongst the restrictions imposed by Reserve Bank of India, Indian traders have started finding various ways to escape the ban. Since there are a variety of methods that they can use, where one is Dabba trading to be used by traders as per the valid source from Business Today.

The excerpt from the news as follows:

“Ever since the banks were stopped from providing financial services to digital exchanges, the trade of bitcoin through Dabba trading has increased manifold”.

On the transaction summary front, through Dabba trading brokers don’t execute trades on the existing system in place like commodity or stock exchange. On the contrary, they transfer money with the help of Hawala network and execute a trade by using an overseas bank trading account based in Dubai, UK, and Europe. This will, in turn, accelerate the Dabba operators betting on bitcoin and related transaction thereby increasing their earnings.

As per the valid source of the finance publication, such traders are usually located in Mumbai, Kolkata, Surat, Rajkot. Their main aim is to build a bridge the gap between a customer and foreign trading company. While in the transaction, the broker accepts payments in cash and purchases bitcoins through the overseas trading account and sells them when the stake placed in India is settled. The spread in the transaction is paid in cash to the customer as a benefit. Most of the transactions are done through Messaging App called Telegram which is a cloud-based instant messaging services with end to end encryption where the money in cash is transited through the Hawala channels as per the valid source of finance publication. However such kind of transactions also executed with the help of official channels where brokers maintain both the Indian as well as overseas bank accounts.

Needless to say that the use of cash in physical form for trading cryptocurrency has increased since the country’s central bank has imposed certain restrictions. Because people have started using cash to earn more money through cryptocurrencies.

Additionally, in order to escape the restriction imposed by Reserve Bank of India, a number of crypto exchanges in India have launched their peer to peer (P2P) trading solutions.

Let us not forget that the human mind is eclectic as it always finds where to get comfort. However, it is highly recommended to trade with cryptocurrency (because it has a great potential) following strong ethics in place, only then the long-term story of the crypto-related world will be fascinating!!

 

Online Gaming Industry Is Actively Utilizing The Blockchain Technology To Offer You The Most Exciting Experience Ever

The human mind is eclectic as it always finds that where to get comfort. The online gaming industry has already accelerated its footprints globally, people are always inclined to use it either in a leisure time or online playing. Let us not to forget that playing a game is such an exciting to de-stress yourself however one can suffer if the gaming result is frustrated. However, the blockchain technology is competent enough to transform the industry which is really required a change. Needless to say that the change is the law of life. Since the inception, the gaming industry is known as disputed and untrustworthy space due to lots of legality of gambling involved. The regulations differ from country to country. However, there is some industry-friendly country like Malta that has recently announced and introduced the crypto-based gambling which is absolutely legal to use. The Malta Gaming Authority (MGA) issues the guidelines for distributed ledger technology (DLT) and virtual currencies that protect the interest of customers and ward off crime and other unethical practice involved like money laundering. Malta’s main goal is to introduce the blockchain technology that brings transparency back to the game so that it can lure more people from around the world that can use it profusely.

On the characteristics of the technology’s front, the one that brings transparency to the gaming industry that we have already lost. So far the casinos and online gaming base their victory on players that organize the higher bets instead of an absolute manner that result in declining the number of players as they refrain from using the online games.  However, the blockchain technology in place, it is said to be an open source technology that creates a platform where a transaction can be verified. Let’s not forget that the blockchain technology is completely de-centralized one where transactions are open to all those persons that are involved. The casino games once utilize the blockchain platform, players get a chance to verify and to make sure that their winning is distributed transparently and confirm the payments that are made at the end of the game. Blockchain technology lets the transactions be faster and more secure.

Erstwhile if a player wants to withdraw from the online casino, so it was not easy to get out of it. However, with the help of smart contracts (incorporated through the blockchain technology) are utilized in online transactions. It records all types of details including bet details and confirm the bet’s results and pay out the winnings automatically without any delay. The blockchain technology eliminates all the complexities that also included human manipulation. With this, no one can change the technology because of its registration in place especially on the blockchain. All the transactions that are executed on the blockchain platform, are recorded automatically and can not be deleted. This is one of the best alternatives that the industry can use it, especially when it comes to using cryptocurrency used as payment, collecting winnings of players in a secured way among other invaluable benefits that the blockchain technology offers.

 

Additionally, the blockchain based games can have numerous features in place like transaction, trade and collect digital assets. Eventually, it has come to change the way businesses do by a variety of mechanism and value-added features in place. With this, the blockchain technology is competent enough to offer online games and casinos as one of the trusted platforms where players can make the safest bets and may have secured transactions. We have already seen the industry struggling with a bad reputation and that we have to change that with the help of an awesome technology in place. The industry has faced numerous complexities like payment related frauds,  pre-arranged gaming results among others problems.

 

Let us not forget that the blockchain technology will not only change the dynamism the way businesses do, however it will fructify the gaming industry by making it a reputed one that you can play with pride!! So what you are waiting for? Just go online and start betting on blockchain platform!!

 


Taiwan’s Central Bank Claims That The Cryptocurrencies Are Not Trustworthy And Not Reliable Enough To Utilize In The Country

As per the statement was given by Taiwan’s Central Bank Governor Yang Chin Long, the country has claimed and raised its remark having said that the cryptocurrencies do not contain trustworthiness in themselves and so they can not let the existing currencies to flourish. This is why the country is reluctant to incorporate cryptocurrencies to drive transactions through them.

According to Liberty Times report, Yang while speaking to a forum explained the importance of digital economy stating that use of any currency requires a long history of trust that it has created in the country where it is used which is already vanished in case of cryptocurrencies especially when the currency’s value declined to zero. This scenario will lead to only a short-term movement and not the long-term strategic view.

On the cryptocurrencies front, they still face various types of complexities ranging from the large volatility in their value, supply-related issues among others. But because no compensation or redress for loss incurred out of the crypto related transaction, they are widely used by ruthless people as stated by Yang.

Eventually, in 2013 the Central Bank did not approve cryptocurrencies as true currencies due to a large number of complexities involved but claim them as virtual merchandise to trade as per the valid source of Liberty Times.

 

The USA’s Largest Financial Services Market Is To Incorporate The Blockchain Technology To Streamline a Variety Of Sectors

The fifth largest financial services market Ohio is organizing a legal framework that assists the blockchain technology and its platform. According to John Kasich, Governor of Ohio, executed a bill of the legal framework that allows using blockchain technology thereby making Ohio one of the first in the USA to introduce the Distributed Ledger Technology (DLT) on numerous verticals ranging from real estate to financial services, healthcare, supply chain management, etc. However, this is not the first time that blockchain was accommodated in a legal context, but in May this year, Matt Dolan, Ohio Senator proposed another bill SB300, but by some or other reason it was not gone through successfully.

The introduced bill clarifies the definitions of both electronic signature and records. An excerpt from the bill as follows:

 “Electronic signature” means an electronic sound, symbol, or process attached to or logically associated with a record and executed or adopted by a person with the intent to sign the record. A signature that is secured through blockchain technology is considered to be in an electronic form and to be an electronic signature.”

“Electronic record” means a record created, generated, sent, communicated, received, or stored by electronic means. A record or contract that is secured through blockchain technology is considered to be in an electronic form and to be an electronic record.”

As specified by Valencia Isakina, managing director of Jobs Ohio on financial services domain, the state will be one of the most attractive destinations for blockchain based companies due to the congenial legal framework in place.  Besides this, the start-ups, innovators, entrepreneurs can initiate to build new applications and products that leverage and utilize the full potential of Distributed Ledger Technology (DTL) mostly in case of the financial industry over there. The introduction of blockchain technology on the financial market domain is the core for the state to the extent that it is considered one of the fifth largest financial services markets in the USA. The state has numerous banks, financial institutions, insurance companies’ headquarters trailing New York. Ohio having approximately 270,000 employees in the sector which is in the line of London and NewYork.

 

As per the comments were given by Matt Dolan, Senator of Ohio, “In order for Ohio to compete for new investments and jobs, we must welcome innovation, new technology, and advanced energy. Embracing blockchain technology is a step forward to achieve these goals.”

Let’s not forget that the blockchain technology has revolutionized the global industries by increasing its footprints through the innovative platform in place!!!

 

 

The Blockchain Innovation Summit 2018 In China Has Become The Hallmark By Showcasing The Landscape That Can Change The Dynamism Of Businesses

As per the most valid source from China, the Blockchain Innovation Summit in conjunction with Artificial Intelligence (AI) was organized on 1st August to 2nd August 2018 in Shanghai. The whole event was organized by Lingang Economic Development (Group) Co Ltd and China America Innovation Network with co-organizer are Lingang International Innovation Center and Lingang Innovation Galaxy supported by the Standing Committee of Baoshan District Peoples’ Congress and the district government.

On the Summit summary front, it brought 36 industry experts from the US and China, more than 500 tech-savvy people under the one roof that exchanged the views and conversations regarding the growth of artificial intelligence and new age technology called blockchain technology, robotics automated driving among other new age perspectives. The summit was also surrounded by the academic veteran Yuri van Geest who is the founder of Singularity University based in the Netherlands, research fellows from Copenhagen Institute, Michael Casey is the senior lecturer and senior advisor at MIT’s Media Lab and MIT Sloan School of Management among other scientists and industry veterans.

Now that the blockchain technology has accelerated its footprints globally by streamlining business transactions, everyone has the common view in place as to how to leverage the great potential that the blockchain technology has in place. As per the valid statement from Wei Haijun who is the partner at Grand View Capital, “In the Global Market, Chinese entrepreneurs have identified a set of internet growth patterns that are more suited to user expectations.” In addition to this, Cheng Hao who is the founder of Xunlei Limited which is one of the China’s leading cloud-based technology companies, “To find a positive way to start a business, entrepreneurs need to assess the state of competition in the industry they are eyeing in addition to examining the feasibility of profiting from the value added by the product rather than the product itself.” The world’s largest social site Face Book’s AI Lab stated in his comments that “Machine is now moving towards the mission of how to make creativity a fundamental component of the process.”

Needless to say that the world becomes so exciting to the extent that it can reconcile the artificial intelligence with blockchain technology. No one can ever how these two perspectives when combined will change the dynamics of the way businesses do globally.  This will notably be the case study in the world’s renowned institutions and universities. Among other topics that were covered, the focus on autonomous driving was thrown by various industry veterans coming from AutoX, Roadstar AI among others.

Shanghai’s Lingang International Innovation Center proved to be the backbone of its Technology Innovation Platform that assists companies to gain access to all those resources that add value through the strategic combination with companies abroad that bring advanced technologies. Lingang Group’s unit called Lingang Innovation Galaxy is primarily responsible to organize the group strategy for industrial transformation and changing the landscape by working closely with China’s Urbanization Policy. The strong proponent for innovation in technology and intelligent urbanization was sought by Lingang Innovation Galaxy and so it has created a strategic tie with Lingang International Innovation Center in order to encourage the development of innovation, technology, industry. Let us not forget that the main aim behind the project is to build a manifested district that China would like to see in the future filled up with technology and innovation.

In a nutshell, the summit evaluated complexities from all angles and provided with the solutions that the technology innovators facing at present. That has been possible by bringing an expertise of Silicon Valley where it offers and shares valuable experience and a variety of ways that China can use it for its Tech Innovators of the future.  The new age blockchain technology when combined with certain other factors like artificial intelligence, robotics, and automation, that always drive for innovation and add value through a variety of mechanism in place!!! So start learning and adapting to the new age fashion – Blockchain Technology!!

 

Crypto Based Debit Cards Are On The Way To Make Your Life Faster and Smoother

The blockchain technology has started gaining its footprints in financial transactions by using a virtual currency which is quite convenient likewise normal currency that you are using in your daily life.

A crypto-based debit card is on its way that you can utilize it without any public keys or QR codes. The credit for this technology goes to the advancement that has supported the technology. The simplicity prevails that transaction with the help of the technology that comes with both fiat cash and cryptocurrency.

Additionally, the crypto-based cards are acceptable at any shop that accepts it as a mode of payment as well as it can be used towards any ATMs in order to perform the transaction like to withdraw the cash. There are two companies Wirex and Monaco have started to offer the card facility as per the most valid source.

There are numerous benefits associated with the crypto-based card ranging from organizing shopping from a store to withdrawing cash through ATMs to earning cash-back on your purchases. At present, the crypto currency-based transactions are used through the online trading.

As compared to Fiat currency, in the crypto-based transactions, users did not get enough choices to use the virtual wealth until the crypto-based card has come into existence. Needless to that that the blockchain technology will change the way transaction happened in a traditional way.

Besides this, you would be able to earn cash back on a variety of purchases that you make through the crypto-based card. With this type of transaction, you will receive 0.5% in the form of Bitcoin (BTC) on the amount spent which you can convert it either into Fiat currency or leave it in the BTC form.

The crypto-based cards used at ATMs will help you convert it into the Bitcoin ATM due to its Chip & Pin functionality in place. With this, you will be allowed to withdraw cryptocurrency in the form of the bank’s currency with the ATMs through Wirex or Monaco cards. The system makes the process simpler that lets you do the transactions through both the cryptocurrency as well as fiat currency. Those who love cryptocurrency, the perspective is the best one to follow as it does not only organize the variety of transaction under the one roof, however it increases the adoption of a variety of cryptocurrency from the existing currency that is available in the market.

Now that the whole world has been using the debit and credit card facility for whatsoever purposes, the crypto based card will definitely adds value to one’s daily life by leveraging its full potential that they have in place. This will not only make the transaction simpler, faster, transparent however it will change the way businesses do world-wide.

Let us not forget that the blockchain technology has a great potential that one can use it for its personal as well as professional perspective!!

 

Crypto Trading Being Hosted By A Major German Stock Exchange – Stuttgart Bourse

With the dynamics of the businesses in the world are changed by the arrival of the new technology called Blockchain technology that drives the movement of more than 1736 cryptocurrencies on 12470 markets worldwide (as per the valid source of CoinMarketCap), the one of the largest and smartest economies in Europe – Germany is on the verge of announcing the second largest stock exchange called “Stuttgart Bourse” that develops a platform to organize Initial Coin Offerings is expected to host a multiple trading facilities for cryptocurrency.

 

Stuttgart Bourse is said to be one of the major exchange platforms in the world with the volume for trading in excess of €80 billion. The integration of both the crypto trading platform and ICO platform give the exchange an edge with a variety of options in the future that will consolidate the cryptocurrency markets in Germany as well as the rest of the countries in Europe. Needless to say that the ICO platform will offer numerous functions ranging from issuing tokens to financing to regulating the ownership to all those who have invested in the ICOs program.

 

An excerpt from Stuttgart Bourse’s CEO Alexander Hoptner regarding the new concept as follows:

 

“Demand from both retail and institutional investors for a regulated and reliable environment for trading with cryptocurrencies. At the trading venue tokens issues via our ICO platform can be traded on the secondary market. This is an important success factor for ICOs. Bourse aims to provide central services along the value chain for digital assets, all under one roof.”

 

The main goal of the concept to set up the platform in Germany is to streamline the ICO process and provide investors with the opportunity to invest their funds in ICOs with a safe and transparent manner in a regulated environment that protects investors from suffering any complex situation. This will definitely pacify the anomalies like fraudulent and unethical transaction involved mostly in financial transactions.

 

Let us not forget that Stuttgart Bourses may expect to build a paradigm that will be followed by the rest of the counties in the same continent – Europe. So be prepared to reap the benefits with Stuttgart Bourse going forward!!

 

The Blockchain Technology Has Started To Serve You Coffee With An Exciting Experience Offered By US Beverage Retailer Starbucks

Have you ever imagined an exciting experience that you can realize with Starbucks however with cryptocurrency? Well, you won’t believe but your dreams may come true to buy coffee with cryptocurrency – Bitcoin through an American coffee and beverage retailer Starbucks Corporation. The company is associated with the world’s largest exchange operators – Intercontinental Exchange Inc. (ICE) that has organized a venture naming Bakkt which is designed to integrate and incorporate digital currencies into the commercial transaction globally. Amongst the huge wave that the crypto major Bitcoin attained last year, it is not widely used to trade actual goods in most of the countries around the world. When it comes to utilizing the blockchain technology, only a few have created a successful business model to scale up through cryptocurrency led transactions, however, there are many companies out there that have not been succeededd in this space as criticized by ICE.

According to the CEO of Bakkt, Kelly Loeffler, who was heading Intercontinental Exchange Inc. (ICE) so far, Bakkt promotes digital assets with greater efficiency, security, and utility for consumer, merchant and institutional clients and so it requires all of them under the one roof with a scalable business model of “Bakkt”. The open platform has been created by Bakkt that unlocks the huge transformative potential that the digital assets have in place across the markets globally.

 

With this, ICE wants to introduce a single day futures contract in the coming month mostly in November that differentiates derivatives transaction already provided by CME Group Inc. and Cboe Global Markets Inc. U.S. competitors. What differentiates ICE is the delivery model that it has in place where the owners of the contracts will get Bitcoin and not cash upon expiration. Let us not forget that the physical delivery is important to numerous players in the market especially those are in finance that don’t trust the unregulated markets where the trades executed through cryptocurrency. On the contrary, ICE is highly regulated so it gives an edge to think outside of the box and compete with the existing players with a variety of business models in place.

Needless to say that the other financing transactions companies are there in the market criticize the ICE’s concept.  Both the companies – Starbucks Corporation and Microsoft Corporation jointly offer consumers and institutions a variety of transactions like buy, sell with digital assets however under the one roof.

Additionally, all the stakeholders involved in the concept like ICE, a venture capital arm of Microsoft, investors in Bakkt may associate with the Fortress Investment Group, Galaxy Digital, Eagle Seven, Horizons Ventures, Alan Howard, Pantera Capital, Susquehanna International Group, Protocol Ventures as per the official source of ICE.

Let us not forget that as and when people have started recognizing the new technology, they would like to scale up and grow with it to the extent that the new technology may prove to be the cost-effective and long-term one!!