Key Facts Of The Day 16.07.2018
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Amex Travel To Patent Blockchain Payments

The travel arm of credit card company American Express (NYSE: AXP) – the American Express Travel Related Services Company, has filed an application with the U.S. Patent and Trademark Office for proof-of-payment technology. According to apatent application released by the U.S. authority, he blockchain platform will introduce a new process for approving or denying requests for payments.

WHY IS IT IMPORTANT?

The document describes a system that utilize smart devices connected to each other that serve the payer. The deals are conducted between digital wallets, with transactions recorded in a blockchain. This will replace the need for a receipt to confirm the payment or a ticket.

2.The patent does not specify how exactly American Express plans to utilize the system. But is providing a detail description of access to a specific room or facility will be granted after a card payment is processed and confirmed by the system.

Bank of Thailand To Apply Blockchain

Bank of Thailand’s Governor has underlined that the country is reviewing new technologies, including blockchain applications.

There are: KYC (know your customer) applications of biometrics, Credit scoring goals for machine learning and for international cross-border payments, supply chain and documents authentications implementations of blockchain.

WHY IS IT IMPORTANT?

Thailand is working on new regulations and systems to stay updated and adapt blockchain payments by encouraging innovation.

Thailand also aims a financial system that will unlock Thailand’s economic potential, ensure sustainable economic growth, and improve the well-being of the Thai nation.

Iran May Turn Crypto To Counter U.S. Sanctions

A high-ranking Iranian parliamentarian sees digital currencies as one of the main tools which could help the country to circumvent U.S. sanctions. The politician said that the parliament will soon discuss this issue.

WHY IS IT IMPORTANT?

Iran has been cut off from the global economy for a long time -payment systems such as Visa and Mastercard, for instance, are unavailablethere. The economy has been under tremendous strain, with particular stressfalling on the export-oriented oil and gas sectors.

If the country will officially implement cryptocurrency as a legalform of money, U.S. will not be able to block its spread.

BitBox Exchange Launched in Singapore

Line, one of the most popular instant messengers in Asia, launched the BitBox crypto exchange in Singapore. Trading on the platform started this Monday and is limited to pairs with cryptocurrencies.

WHY IS IT IMPORTANT?

1. In the beginning of the year, Line Group applied for a license to the Japan Financial Services Agency. However, the resolution on the trade could not be obtained. Japan tightened the requirements for crypto trading platforms after the cracking of the Coincheck exchange. Now all the crypto exchanges wishing to provide services in the Japanese market, are required to obtain permission from the local regulator.

2. Currently, Line is also in the process of obtaining the U.S. license. The company decided to open its first trading platform for cryptocurrencies in Singapore, as this city-state adheres to a progressive approach to the regulation of the digital currency sphere.

Unilever Applies Blockchain

Unilever, the largest British-Dutch enterprise, starts operating with the blockchain technology. The company backs a blockchain-based service that offers transparency and verification of data. Unilever aims to serve its clients in accordance with the latest European GDPR data protection law changes.

WHY IS IT IMPORTANT?

1. Unilever is a giant transnational company that produces food, beverages, cleaning and many other products. The tendency is that even such global companies are starting to use blockchain.

2. Unilever fundamentally changes the consumer goods industry. Soon in the future, the company will provide consumers with an opportunity to better control their data.

At 19:00 (GMT+1) total cryptocurrency market capitalization stands at $270,6 billion

Bitcoin Cash (+10,42%) showed the best growth in the top-10

TenX (+39,91%) showed the best growth in the top-100

Market Dynamics

The trading volume of cryptocurrencies for 24 hours reached $13,7 billion (+2,2 billion per day)

Mining Profitability

  • BTC $3,1 for 10 TH/s
  • ETH $0,35 for 10 MH/s
  • BCH $0,32 for 1 TH/s
  • LTC $4,56 for 1 GH/s
  • DASH $0,15 for 1 GH/s

Ongoing ICOs:

Expected ICOs:

Click here for the full list of ongoing ICOs.

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