With an ever-increasing demand for digital and online payments, Paypal will increase the utility and usability of cryptocurrencies by making…

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With an ever-increasing demand for digital and online payments, Paypal will increase the utility and usability of cryptocurrencies by making them available as a funding source for purchases, with nearly 26 million merchants accepting the currencies.

The service has been enabled by a partnership with Paxos Trust Company and has seen PayPal secure a first-of-its-kind conditional Bitlicense from the New York State Department of Financial Services.

With over 5,300 different types of cryptocurrencies, PayPal has been selective in its choices, and will only offer support to Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Customers will then be able to instantly convert their cryptocurrency balance to fiat currency.

In addition to this, PayPal will offer educational content which aims to help account holders understand more about cryptocurrency and blockchain, as well as the risks and opportunities associated with investing.

Dan Schulman, President and CEO of PayPal, said: “The shift to digital forms of currencies is inevitable.”

“This shift will bring with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payments system; and the ability for governments to disburse funds to citizens quickly.”

“Our global reach, digital payments expertise, two-sided network, and rigorous security and compliance controls provide us with the opportunity, and the responsibility, to help facilitate the understanding, redemption and interoperability of these new instruments of exchange.”

Bitcoin’s price rise from 15th October to 22nd October

However, there are concerns from the crypto community, as customers currently cannot move the cryptocurrencies to other accounts either on or off PayPal, and PayPal will not provide customers with the private key. There will also be a transaction fee for any purchase or sale, but these have been waived until 2021.

Upon the news, Bitcoin’s price hit a record high for the calendar year, rising 13% to $12,900 on Thursday. PayPal’s share price had a similar reaction, with shares up 7% to $215.

SecuX will demonstrate the Cryptocurrency POS Payment EcoSystem as the revolutionary mutual beneficial solutions at the startups stand of BlockShow…

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SecuX will demonstrate the Cryptocurrency POS Payment EcoSystem as the revolutionary mutual beneficial solutions at the startups stand of BlockShow Asia, Marina Bay Sands, Singapore during Nov. 14-15, 2019.

Hsinchu, Taiwan, October 29— SecuX Technology Inc., a blockchain security company, is going to participate in BlockShow Asia 2019 and exhibit at the startups stand of Marina Bay Sands in Singapore on Nov. 14-15. SecuX will launch its new cryptocurrency point-of-sale payment ecosystem and demonstrate how a consumer uses SecuX Merchant Payment App to pay at the physical (brick-and-mortar) stores or on the vending machines via QR Code Scan/NFC/Bluetooth from the mobile phone that using the crypto-coins/tokens for an immediate transaction through SecuX Merchant Database Payment Hub (Cloud Server) at the fingertips. At the same time, the clerk can see the transaction is done correctly on SecuX P20 the POS payment terminal. Moreover, the SecuX Merchant Payment Hub is functioning as a CRM and Merchandise Information management system to serve the massive consumers for the potential procurements from the customers.

SecuX invites worldwide partners including Crypto-coin/token issuers, Payment mobile application providers, Payment online system companies and Travel & Tourism groups to the SecuX stand to foresee together the most economic, efficient and cutting-edge payment ecosystem to reduce the operational cost and on the other hand, increase the revenue via this very revolutionary business model.

“We can’t wait to introduce the SecuX crypto POS payment ecosystem at BlockShow Asia in Singapore on Nov 14 and Nov. 15.  As we are aware that online payment will definitely prevail the whole world and what we cannot ignore is the cryptocurrency online payment system is the ideal system eventually and SecuX is the bridge to provide all possible modulized business models inside this ecosystem to meet our partners’ requirements and these miscellaneous business services shall be customized by SecuX Team’s dynamic services to build up a regional profitable solution.” said David Hsu, Chief Strategy Officer, SecuX Technology Inc.

Meanwhile SecuX will have a live demo on its hardware wallets V20, W20 and W10 at its stand that visitors may see how to transact Bitcoins or Altcoins on SecuX Crypto Hardware Wallets and use SecuXcess the Chrome OS base web wallet and SecuX Mobile iOS app to have a physical experience about the ease, convenience and the intuitive new UI from SecuX firmware 2.0. The features and advantages of SecuX Wallets are:

1.  Big Screen – 2.8”Color Touchscreen  LCD
2.  Dual Connectivity – Bluetooth 5.0 Low Energy + USB
3.  Cross-platform – Major Operating Systems Compatibility
4.  SecuXcess – Web-based Transaction Platform
5.  Account Expandability – Addable up to 500 Accounts 
6.  ERC-20 Token Support – All ERC-20 970+ Tokens Support
7.  Long Battery Life –600mAh Rechargeable Li-Polymer Battery
8.  Security Chip – Infineon SLE97 CC EAL5+ SE Embedded
9.  Support BTC, BCH, ETH, LTC, XRP, BNB, GRS, DGB and ERC-20 Tokens
10. A Hidden Wallet is available for most secure User’s privacy

SecuX can be found on:

Twitter: https://twitter.com/SecuXwallet/

Facebook: https://www.facebook.com/secuxtech/

LinkedIn: https://www.linkedin.com/company/secuxtech/

YouTube: https://www.youtube.com/channel/UCfSfjbBHYgGIOcQJoB5hotQ

As the world continues to become increasingly digital, it was only a matter of time before it spread to the…

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As the world continues to become increasingly digital, it was only a matter of time before it spread to the very currency in our wallets. Just over a decade since the advent of Bitcoin, blockchain (the very foundation of cryptocurrency) has very much cemented itself as an industry in itself.

Here, we take a look at 5 of the biggest players in the cryptocurrency market, and the blockchain system they use as ranked by Forbes. 

This list featured in the August issue of Interface Magazine – you can read the full issue now!

Samsung

Three new Samsung Galaxy S10, S10e and S10 plus mobile phones.

Arguably one of the biggest companies in the world, driven by a vision to “create a better world full of richer digital experiences, through innovative technology and products”.

Naturally, Samsung has turned its attention to blockchain and works with the Nexledger platform. Available for enterprises all over the world, Nexledger enables enterprise companies to track their transactions with greater speed and efficiency at scale.

One use case for Nexledger is a Digital Payment System, utilising blockchain to support various types of payments in an increasingly cashless world.

Visa

Closeup of VISA credit card with smart chip. VISA is one of the three biggest brands.

In early 2019, the payments giant Visa announced the global launch of its Visa B2B Connect network, a platform designed to transform B2B payments for the digital age.

Developed in response to the growing complexity of payments between financial institutions and their corporate clients, Visa B2B Connect uses blockchain technology architecture that allows payments to be made in a simple, flexible and safe way. Visa B2B Connect will look to cover more than 90 markets by the end of 2019.

The platform will facilitate transactions from the bank of origin directly to the beneficiary bank, creating a unique digital identity formed of banking details and account numbers that can be used to facilitate transactions on the network.

Visa B2B Connect’s digital identity feature has been said that it will “transform the way information is exchanged in business-to-business cross-border transactions”.

Oracle

The Oracle World Headquarters located in Redwood City.

Known for its database and cloud software, Oracle also has its own blockchain software in the Oracle Blockchain Platform.

Described as a “comprehensive distributed ledger cloud platform”, Oracle allows its customers to reliably share data and conduct trusted transactions with suppliers, banks and other trade partners.

The Oracle Blockchain Platform is the only enterprise-grade managed blockchain service with 99.95% SLA with enhanced security and through built-in identity management, it allows rapid provisioning and simplified management of blockchain networks to reduce costs and setup time from weeks to minutes.

Maersk

Pile of Shipping Containers of Maersk at Ballyhoo road at night, Unalaska, Alaska.

In the global logistics industry, tracking shipment and cargo is its bread and butter and so blockchain solutions naturally lend themselves to this space.

Through a partnership between Maersk and IBM, TradeLens was born. TradeLens is an open and neutral industry platform, powered by blockchain, to track shipments in real time, improve and encrypt data sharing for over 10 million shipping events every week.

The TradeLens ecosystem is a treasure trove of some of the biggest organisations the world over, with more than 100 companies including carriers, ports, terminal operators, 3PLs and freight forwarders. These contribute to one of the most powerful supply chain blockchain ecosystems in the world.

HTC

HTC One smartphone

In a world of cashless transactions and data sharing, the mobile phone is the obvious vessel for blockchain deployment. Dubbed as the phone that could “change the internet as we know it”, the HTC Exodus was announced in early 2019.

With a secluded area kept separate from the Android operating system, the blockchain-powered phone is the first mobile phone that can only be bought with cryptocurrency.

Users will have access to Zion, HTC’s very own cryptocurrency wallet. Running decentralized applications and programs that operate on the blockchain technology; HTC Exodus will represent a “new era” of secure data storage and transactions.