Buying renewable energy with cryptocurrency is the goal an African startup based in Nigeria hopes to achieve. OneWattSolar is a startup based in sub-Saharan Africa, which plans to tokenised renewable energy by allowing users to pay for energy using blockchain based tokens. According to the blockchain energy startup, customers will not have to pay for the solar panel system, as it is free, but comes with an internet enable router that will collect data on…
Interswitch group, a pan-African payment processing and lead financial services company had on Friday 2nd November held an event in Lagos, Nigeria to unveil the first blockchain-enabled supply chain financing application. The blockchain (supply chain module) project has Microsoft as its major partner and utilizes the Microsoft Azure Cloud Blockhain service. The event had in attendance, other supporting companies and Nigerian banks; including the Dangote Group, United Bank of Africa (UBA), Zenith Bank PLC and…
With the increasing interest in cryptocurrency and its underlying blockchain technology, there’s also a need to educate and equip people with necessary information on how this innovative technology works. Interestingly there are several books written to meet this demand. If you are a developer, investor, trader, entrepreneur, enthusiast or a novice and you want to learn more about cryptocurrency and how the technology behind it work, there several books available that best suits each category.…
Ethereum Hotel: There is a newly launched hotel in China named the ‘Ethereum Hotel’. The hotel is located at the National Scenic Area of China’s Sichuan province (Western China) and is the first hotel in the country to publicly accept cryptocurrency payments. As an incentive to crypto users and customers, the hotel offers discounts on payments for services made with cryptocurrency (Ethereum). On their first visit, customers are welcomed by the sight of a big…
Mastercard, the American payments giant, has initiated its ventures into blockchain technology by filing a patent outlining a blockchain based payments platform. To allow users and companies to track crypto, process transactions while making use of a fractional banking system. As outlined in the patent : Accordingly, the use of traditional payment networks and payment systems technologies in combination with blockchain currencies may provide consumers and merchants the benefits of the decentralized blockchain while still…
Sony, the Japanese technology giant has announced its creation of a multi-application contactless cryptocurrency hardware wallet. According to developers at Sony Computer Science Labs (SCSL), the device will utilize IC smart card technology to communicate with Bitcoin (BTC) or other cryptocurrency networks. A basic plus to the Sony wallet is its ‘contactless’ feature. By this feature, Sony discarded the common crypto hardware USB to host device feature and launched a totally independent hardware wallet which…
Bill and Melinda Gates Foundation is teaming up with Ripple Labs Inc. (Developers of XRP coin) and California-based blockchain firm Coil to launch a project aimed at enhancing financial access for unbanked and underprivileged communities. The partnership as announced by Deputy Director of the Gates foundation, Miller Abel who explained that the foundation carries out lots of charity work in developing countries but constantly faced inefficiency problems due to poor financial infrastructure in these communities. According…
Bithumb, the biggest crypto exchange in Korea has officially sold over 38% of its owned shares to the BK Group making it the biggest shareholder as the deal is pushed through. The deal was facilitated by the BTC Holdings company which owned a huge 76% stake in the crypto exchange. Selling 50% of its shares and adding 1 share to finish the deal, BK Group, originally a plastic surgery firm, has become a major shareholder.…
Alibaba Group Chairman and CEO of China’s $150 billion financial conglomerate- Ant Financial; Jack Ma has said in a recent speech that he pays special attention to Bitcoin and Blockchain technology, and the potential of establishing a cashless society. Despite China’s tight regulations on blockchain and cryptocurrencies, interest of major industry stakeholders in the crypto industry still remains high. The CEO remarked that he is still studying the fundamental value of Bitcoin and other major cryptocurrencies as…
Hublot, a Swiss luxury watch brand has released a new product called the Big Bang Blockchain Watch. This new model was launched to celebrate the 10th anniversary of Bitcoin (BTC) creation. This latest release is a special limited edition and will have only 210 pieces designed and available for purchase to the public; with only digital currency, Bitcoin (BTC) as the permissible currency for payment though a few more options are been considered to include Ethereum,…