KuCoin Blockchain Asset Exchange Announces Decred DCR As Part Of Their Network

Today, KuCoin blockchain asset exchange is thrilled to announce on its latest listing of another promising project Decred, an autonomous digital currency.

Decred’s native token DCR is now available for deposit with trading pairs including DCR/BTC and DCR/ETH. Buying commence at 19:30 UTC+8 while Selling/Withdrawal at 20:00 UTC+8.

All trading activities are done utilizing their Android and iOS apps, or through their official site, www.kucoin.com.

decred kucoin

About Decred (DCR)

Decred (DCR) is an autonomous digital token where its stakeholders are part of the decision-making as it has a decentralized and sustainable highlight giving the term as “a self-ruling token.” This cryptocurrency has organized its priorities as having decentralized administration and the creation of settlements on the blockchain.

How Decred (DCR) Run

Decred uses an advance hybrid Proof-of-Work and Proof-of-Stake to validate the blocks accessible. Therefore, the stakeholders or the token holders are contributing the approvals to the coin miners buliding the blocks for rewards. It is a unique system as it ensures that the miners are not there just for the short term profits on their investment on their hardware.

The Core Team

Decred had a humble beginning as it started as a projection established in April 2013 by Adam Mckenzie. The present project leader and CEO of Company Jake Yacom-Piah accumulated, developed and launched Decred in March 2014.

Over the past years, it has collaborated with many other members into its team with the lead developer Dave Collins. The team focuses and fully involves in developing Decred be the first ever Decentralized Autonomous Entity.

Blockbank Announces Key Banking Partner during ICO

Spire Bank, will be instrumental in facilitating a wide variety of international Crypto banking activity in association with Blockbank

Blockbank has purchased a stake in Spire bank & declared a strategic FinTech partnership, as a means to provide an international Crypto banking services. One of the leading commercial banks in Kenya, Spire Bank, will be instrumental in facilitating a wide variety of international Crytpto banking activity in association with Blockbank — to present the world’s first fully licensed crypto bank with low-cost funding availability.

Yusuf Sozi (L) and Adam Cuffe (R) (1)

Spire Bank, Headquartered in Nairobi top commercial banking entity, fully licensed by the Central Bank of Kenya is valued at having total asset worth of around 180million USD. Originally established as a finance company in 1983 and later commencing operations as a fully-fledged commercial bank, Spire Bank brings a wealth of FinTech knowledge and experience to the table to assist Blockbank in their endeavour. With 350,000 existing customers and a firmly-established high quality reputation, the prestigious Kenyan bank provides a solid foundation for Blockbank’s first step into supplying secured and affordable financing options for emerging economies.

This ground breaking partnership will initiate integration of commercial banking services into crypto entities, businesses, and governments globally – creating dynamic access to more affordable funding opportunities to accelerate economic growth.

The strategic FinTech partnership with Spire Bank will see the incubation of a DDMS smart contract blockchain system – the backbone of Blockbank’s platform – enabling Blockbank to provide lower cost funding solutions via Spire Banks’ infrastructure. With the capacity to provide a plethora of international banking services, Spire Bank is predicted to be a real asset to the Blockbank assembly, driving the expansion of global banking capabilities for both parties.

The collaboration of these two organizations will be a major breakthrough in fostering the development of low-cost funding options for governments and commercial entities worldwide – particularly in developing economies without current access to these services. In many developing countries, borrowing is still very expensive; with rates sometimes hitting 20%. In some countries borrowing is so expensive, the borrower has to pay enough money to pay the whole loan in 5 years just in interest payments.

Block Bank’s ICO is currently in the ICO stage, which lasts until 28th October. Token value will be driven by the demand of loans they process: The project will distribute issued tokens in the following way,

28,800,000 tokens dedicated towards the ICO sale (72% of the total tokens);
8,000,000 tokens dedicated towards the treasury (20% of the total tokens);
2,000,000 tokens distributed amongst advisors (5% of the total tokens);
1,200,000 tokens will be a bounty reward (3% of the total tokens);

A staggering $12,830,000 worth of their BBRT tokens has already been sold during the pre-ICO phase.

Tokens available on the Block bank website: https://TheBlock-Bank.com/

One Million gamers set to embrace PlayChip’s new blockchain token

PlayUp, the Australian-based gaming firm behind one of the most promising token sales this year has already clocked over one million users across its ecosystem before the forecasted date.

The platforms universal gaming token, PlayChip will revolutionise the online gaming industry when integrated into its seven platforms which are already fully licensed with a growing user-base.

When the blockchain platform launches on the 19th of December 2018 the user-base will be able to participate in the seven different gaming platforms whether they are looking to take part in sport betting, casino games, fantasy sports or eSports, it will all be streamlined with the PlayChip token.

playchipPlayChip’s ecosystem has gained traction in the USA, UK, Australia and India with a presence in 70 countries around the world.

The initial coin offering has bucked the current trend of projects launching with merely nothing more than a website, PlayChip have done this with what’s called a ‘reverse-ICO” whereby the current ecosystem is tokenized and integrated into a fully operating business with a user-base and revenue.

playchip

“PlayChip is truly a unique token offering because while others write white papers about potential audiences and hypothetical use cases, PlayChip is well positioned with a very active global audience on multiple platforms that are already part of the PlayChip family,” Luke Lombe, Head of Blockchain with PlayChip said.

“The team at PlayChip are thrilled about hitting the million-user mark earlier than expected, and we look forward to continued strong growth. We are in the middle of our pre-sale and very much focussed on delivering a quality product that surpasses the expectations of our loyal following.”

The seven gaming platforms in the PlayChip ecosystem include PlayUp, DraftStars, Betting.Club, ClassicBet, TopBetta, MadBookie, and 123Bet. All players will be able to seamlessly move between platforms via the integrated PlayWallet and instantly cash out via the PlayXchange. In FY2018, these platforms are on track to exceed a turnover of US$430 million.

For more information, please visit: https://www.playchip.global/ or read the PlayChip Whitepaper: https://www.playchip.global/wp-content/uploads/2018/08/PlayChip-Technical-Whitepaper.pdf

 

PAKET: Find out how this Blockchain firm aims to create a decentralised global delivery network

paket logoEarlier this week we had the pleasure of speaking with the team behind PAKET. In an exclusive CoinSpectator interview, to find out more about a blockchain startup aiming to create a decentralised and global package delivery network that gives power back to the people.

PAKET is going full speed ahead with a token sale on the Stellar platform, BUL their digital token will be used to pay for deliveries.

Let’s begin:

1. Many delivery firms already offer a tracking service where customers goods can be tracked in real-time. what benefits will Paket bring to this with Blockchain technology?

The real-time tracking is only one part of the protocol we offer, not the main part. To be more precise, we hope other apps on the protocol will develop and offer a much more blockchain sophisticated tracking solution. For example, we can cooperate with protocols like FOAM to ensure a provable location that can’t be manipulated.

But our main goal is to join all of these different solutions and create a single global mesh of delivery, without a central authority.

2. Can you explain why Stellar was the blockchain of choice? many other ICO’s are lured by Ethereum.

We are blockchain agnostic. Ethereum didn’t meet our engineering standards for a robust production platform. We chose the Stellar network as it connects payments, systems, and people, it can move value quickly, reliably, securely, and at almost no cost. Stellar is a perfect match for our need for a low friction transactional layer. We chose Stellar as our initial consensus layer for its level-headedness, its blazingly fast transaction rate, and its extremely low fees. From all the mature distributed ledger platforms currently active in the market, Stellar was the obvious decision for us.

3. Would a delivery system on the blockchain pose a security risk? for example 3rd parties being able to snoop on the location of high valued goods in transit?

The PAKET protocol features only specific data related only to the payment on the ledger. The only information available on the ledger is the smart contracts that govern the payment and the collateral. All other information, such as addresses, content etc, remains in layers 2 and 3 and are not public.

4. Will Paket work on a bidding system where anyone who is verified can bid to deliver a package? E.g a local firm may want 10 x boxes moving from a to b and place the quote on the blockchain.

Exactly! Since PAKET is a purely decentralized entity, we do not govern pricing or any other delivery terms, nor charge any fee. All prices are agreed between the participating parties – sender and courier. The protocol was designed in a way that allows all couriers to offer price and compete for deliveries. The basic delivery terms include price, deadline, and collateral. Bidding and competitive pricing are embedded in the concept as they create the most efficient solution for each specific delivery.

5. How does Paket plan to build a network of delivery drivers, what would make them come from other firms? What are the benefits?

A key element of the protocol is that it charges nothing. NO commission, NO hidden fees, NO middleman. Every company works hard to get demand, but by joining this free network it immediately becomes a part of a global network, with global opportunities. We provide a protocol where all existing, new, opportunistic individuals and companies can access demand – packages that need deliveries and engage directly with the package sender. The protocol only provides more data and convenience, it is not a competition between delivery firms.

Think of some local delivery company in Barcelona, with 5 motorcycles, that deliver local items in the city. They spend resources to make themselves known in Barcelona. But once they join the network, the entire network is exposed to them. Now I can send a package to Barcelona, knowing that they can handle it. They get global demand, which costs them nothing.

6. Does the team behind Paket have any transport experience or in a similar sector?

Currently, our core team is comprised of blockchain enthusiasts, community, biz dev and technical experts. Our advisory team includes a former Maersk executive (largest freight company in the world) and we are maintaining close connections to additional logistic professionals. It is important to understand that we have no ambition to become a logistics/transport company per se, we are a distributed ledger protocol company.

7. Why type of savings can be potentially made by using Paket over UPS for example?

UPS, like all other large delivery companies, are doing a great job on the international leg but suffer significantly on the “last mile”. It’s easier to carry many packages in a plane between airports than to use a track to dispense all of the packages in a large city.

PAKET is not here to replace UPS, it is here to break the package route into separate legs and allow the most efficient player take only his most efficient leg. If UPS is the cheapest freight operator and the quickest solution to deliver a package between New York Newark and Ataturk airport in Turkey, it should still be used for this part of the journey. But once the package lands in the crowded streets of Istanbul, it should be placed at the hands of a local courier that can make the last mile journey most efficiently. This way UPS can provide the best price quote, as it is no longer required to make door to door deliveries using trucks and fight local traffic. If the package avoids lending in a huge warehouse/ logistics center for sorting, then the delivery time is shortened and additional charges are no longer required.

8. When will the platform be live?

The platform is available on test network and we welcome all to access our GitHub account and our developers’ page to follow all the development that was already made. Our MVP will be available in the coming weeks, and we currently plan to go live with a basic service before year-end.

9. Will front end customers pay with the BUL tokens or will this only be FIAT ?

We want to create the most seamless user experience, but remember that we create only one application, completely open source, and we hope (and incentivize) that others create additional applications. Any developer can take our application and add a payment system to his local solution. He can even charge a conversion fee if he wants to earn from it. We give complete freedom, and the protocol charges nothing.

10. How many customers/ users do you expect the platform to attract in the next 12 months?

We expect our early adopters in the next 12 months to be crypto enthusiasts, those who believe decentralization is the best solution for the delivery of goods (well those who believe that decentralization is the best solution for many other market inefficiencies actually). We will also add delivery and courier companies to answer any demand the network creates until the network is strong enough to be completely independent.

PAKET Video:

SHIPNEXT Interview: The only working Blockchain solution for Shipping

shipnext logoWe had the pleasure of chatting with Alexander Varvarenko, CEO and Founder of SHIPNEXT, in an exclusive CoinSpectator.com interview, to find out more about one of the most promising blockchain companies in the freight industry.

Not heard of SHIPNEXT? The firm is digitalising the shipping industry with some amazing technology that aims to revolutionise how we deal with cargo.

Let’s begin:

1. Which organisation was the first to use the SHIPNEXT technology? How are they benefiting so far from using the platform?

SHIPNEXT is a product built using linear programming. natural language processing, machine learning and big data analysis. Anyone who sends a Freight request of a Ship’s position to SHIPNEXT gets an instant reply with one or more matches. The first company to use our technology was VARAMAR.

VARAMAR receives close to 10.000 emails each day, and prior using SHIPNEXT most of the clients remained without reply. In most of the cases for routes and segments where VARAMAR is not strong or not present. As a result of switching to SHIPNEXT, almost all the clients who sent their cargo/freight requests receive an instant reply with a solution.

2. The shipping industry still uses mainly paper for issuing proof of ownership; how is your solution different?

Shipping Industry is very traditional, and, historically, a “word” is considered a “bond”. The news on a breach of verbal agreement travels fast leading to bad reputation. With time any electronic message, be it an sms or an email with recapitulation of agreed terms and conditions gained force. Express bills of lading, electronic copies of Charter parties (contracts) or bills of lading are not uncommon neither.

SHIPNEXT created a solution which helps speed up the process of issuing an electronic version of a correctly filled in Charterer Party to literally a second. The open source bill of lading solution which SHIPNEXT created can be freely used by anyone to print secure, correctly and transparently made Bills of Lading.

3. Why do you think the industry needs blockchain technology? Isn’t the old saying “If it’s not broke, don’t fix it” true?

The transport industry may not be broken, but it is highly inefficient. Corruption, theft of cargo and freight, delays in transit and penalties arising as a result – these and more haunt the industry and lead add to the cost of the transported goods.

Blockchain is a technology that allows bring relative transparency, safety and efficiency. Its responsiveness to real-time data can avoid unnecessary losses – things which human being are sometimes simply not capable of being able to react to.

4. What inspired you to launch SHIPNEXT? Do you have a background in the shipping industry?

Before joining a Maritime University, I developed my own games and software. Ever since I always challenged traditional approach and technology in a conservative transport industry. With over 17 years experience in Shipping, let alone heavy and oversized cargo transportation, which I was mainly involved in, I understood that no matter what the cargo looks like, many processes remain the same.

That also involves a lot of routine and repetitive work, cross-checks, calculations, information search, and email exchange. Ass work flow grows, possibility for human error and inefficient decision-making increases.

Moreover, at a certain moment I saw most of my commercial managers remain their whole day behind their computer screen trying to catch up with the incoming email flow. With thousands incoming emails a day, some of them may remain unattended or missed.

I decided to digitalized the process of processing all the incoming emails, making routine calculations and cross-checks, calculations based on 80+ different data bases and, eventually, help professional managers make better commercial judgement, negotiations and, eventually, digitalized the documentation flow.

5. Have you approached any large organizations to tease them into using SHIPNEXT? If so what are their initial impressions

We have approached a number of large companies. Some of them have also started using SHIPNEXT, others are in the testing phase.

Some of the larger groups have already announced the launch of their in-house reverse auctioning platforms. Most of the companies initiated digitalization of their internal work-flow. All this is a good sign and a perfect opportunity for SHIPNEXT. However, with shipping being one of the most conservative sectors of ths transport industry, the process of digitalization will take a few years, until it, at least, catches up with other industries.

6. Are you focusing just on the shipping industry or with future plans to export to transport or even regional/ local deliveries ?

SHIPNEXT is looking for partners to help deliver a solution for wet bulk (tanker) shipping, and well a container liner shipping companies, to complete the work on SHIPNEXT’s container-related solution.

Other modes of transport will be included in the ecosystem with the help of other partners and solution providers only. Such cooperation is also a way to create a network of solutions, thus taking a step further towards a decentralized ecosystem.

7. How will a regular consumer benefit from SHIPNEXT?

SHIPNEXT helps save hundreds and thousands of work hours, build a reliable network of service providers, eliminate human error, receive up to date and real-time information to improve decision making.

8. How much volume in terms of weight has passed through the platform since lunching?

At any given moment SHIPNEXT contains thousands of cargoes (freight requests) as well as up to 18.000 ship’s positions. Anyone sending a Ship position or a Freight request by email to SHIPNEXT (at fix@shipnext.com) receives an instant feedback containing the most efficient match.

9. Do you see any regulatory issues proceeding with the platform in the future?

SHIPNEXT is a patented solution, and digitalized as well as automates the day to day processes taking place in Shipping. Each Shipper is able to use his own Contract forms or integrate SHIPNEXT algorithms into his internal work flows.

SHIPNEXT users make their own choice of using SHIPNEXT or not.

10. What is the SHIPNEXT token used for and how is it useful ?

SHIPNEXT has 2 tokens.

Ship Coin (SHPC) is a security token, giving its holders a stake in the company results and equity.

Ship Token (SHPT) on the other hand is a utility token – a tool given to banks and crypto-banks for issue and further use within SHIPNEXT as means of payment under Shipping Smart-contracts.

SHIPNEXT offers an escrow-like process of freight payment. This brings the necessary reliability and safety of transactions, as well as reassurance of contract execution. Freight is reserved on an escrow, is paid in parts upon gradual execution of cargo carriage, and ensures payments for bunker, canal transit, port dues, handling costs, etc.

11. Will any external organizations such as the authorities / or even the public have live or historic access to the blockchain?

Certainly the access of authorities to a supply chain related blockchain ecosystem is inevitable. Customs authorities alone are an integral part of the import and export control, and, on the other hand, a source of information which can be also used in Smart Contracts.

To influence the data, however, and participate in such blockchain based supply chain, authorities much themselves transform and adapt their documentation processing.

Healthy interactions with authorities in a decentralized ecosystem will help ensure safety and reliability of its work, simplify documentation handling and reduce costs.

TRON (TRX) Announces Its Availability At KuCoin Exchange Platform

KuCoin announces today that Tron TRX got listed on their state-of-the-art platform. Tron is recognized as a blockchain-based platform establishing a truly decentralized Internet.

Tron’s native currency TRX is now available for deposit with trading pairs such as TRX/BTC and TRX/ETH. Buying will start at 19:30 (UTC+8) while Selling/Withdrawal at 220:00 (UTC+8).

tron kucoin moon shot

The TRON Network (TRX)

TRON (TRX) is a blockchain – based cryptocurrency platform that aims to decentralize content-sharing on the World Wide Web and the Internet as a whole. It gives artists and creators the possibility of releasing their content without having to use centralized 3rd party platforms such as Facebook, Youtube, and the like.

The Company behind the TRON Project

Mr. Justin Sun founded the TRON Foundation in September 2017 with a headquartered in Singapore. The cryptocurrency project associated with it is called the TRON Block Explorer or the
TRON Network (TRX).

The TRON currency is one of the latest and most popular cryptocurrencies on the market. However, it aims to create a platform that is very different from the typical cryptocurrencies.

With that being said, the TRON Foundation looks forward to gear up with the digital content and entertainment industry. It works on the related concepts of decentralization and distributed storage technology but targeted at the massive global content and entertainment industry. Content sharing will be performed through the blockchain and its peer–to–peer (p2p) network technology. In essence, the TRON Network goes beyond the uses of conventional cryptocurrencies:

• Eradicate middlemen who connect content creators to users.
• Content creators to receive revenue directly from their users and consumers.
• Apart from eradicating middlemen in the payment process, this also reduces traffic dependency on sites such as Facebook, etc. This is because traffic will be streamlined back to the content creators, removing the need for hits and views on middleman sites.

The TRON Network (TRX) Roadmap Plan

The TRON Network (TRX) is currently in the first phase of their roadmap. This stage, called Exodus, which is focused on data liberation. The purpose is to have a completely functional platform to publish, store, and share digital content by the end of the year 2018. In its current phase, it has the advantage of being less likely to have bugs in the code considering it has already been tested.

Apart from the Exodus phase, here are the other phases of the TRON Network’s roadmap:

• Phase 2: Odyssey – This phase focuses on eradicating middlemen services and giving the profits directly to content publishers.
• Phase 3: Great Voyage – Scheduled to start in Summer 2020, this phase explains why TRON’s current code structure resembles Ethereum as its purpose is to allow for “Personal Initial Coin Offerings,” similar to Ethereum token sales. In other words, individual content creators can hold ICOs to raise capital that allows them to produce more and better content.
• Phase 4: Apollo – Aims to create a fully decentralized trading platform for all the individual tokens created on Tron.
• Phase 5: Star Trek – Takes the concept to the next level by developing a decentralized gaming platform for developers to design online games.
• Phase 6: Eternity – Allows developers to build entire gaming platforms on Tron and allows general investors to invest in specific games and networks.

KuCoin Cryptocurrency Exchange Platform Successfully Listed Merculet’s Native Currency MVP

KuCoin exchange announces today that they have listed the primary and transaction currency of the internet focused decentralized platform, Merculet MV.

Deposit is now available using KuCoin’s app on any iOS or Android devices or to their official website www.kucoin.com. Buying commences at 19:30 UTC+8 and Selling/Withdrawal at 20:00 UTC+8 with trading pairs MVP/BTC and MVP/ETH.

About Merculet MVP

Merculet derived from Mercury and Blocklet, the Roman God of Commercial and the cornerstone of the blockchain, use blockchain technology to improve the relations between consumers, producers, and investors. It allows users to monetize their application. As an addition, it also assists businesses to increase their businesses by producing a good review ecosystem and the re-distribution of the trillion-dollar value-driven economy.

It has also generated an Attention Value Network (token: MVP). It connects the supply and market sides of attention with an open contract suite to promote good circulation of the Internet of Value.

Attention Value Network

Mobile Internet is mostly about traffic. The Internet of Value derived from the mobile Internet is essentially an attention economy.

Merculet presents a holistic solution to help companies and users embrace the attention economy and build a distributed, value­focused network. It connects and performs the match and value exchange between the supply and demand side of attention.

It consists of three central components: The UAV (User Attention Value) evaluation system, User Attention Token(UAT) as the foundation of attention incentive system and Open Content Platform to solve the problem of attention source.

The MVP Token

MVP is short for Merculet Value Protocol and a standard ERC20 public chain asset.

Enterprises can immediately access other application circulation scenarios by anchoring their own UAT and MVP, or interact with the ecology of another public chain world; MVP also supports ecologically beneficial behaviors and introduces strategic priorities. Incentive resources to assure the healthy and orderly evolution of the entire growth ecology.

MVP is the cornerstone of Merculet Attention Value System and anchored by UAT. MVP could connect various enterprises by certain rates and promote the value distribution between them.

Meanwhile, MVP also implement better support for enterprises from various aspects.

The difference between UAT and MVP

UAT is distributed within the technical support of Merculet. It establishes the contractual relationship between each company and its users. It is mainly used to circulate as the operation tools within the company. The initial operation is in the Internet Asset Layer which maintained by Merculet and the entrepreneurs. It also could mapping their asset to the public chain according to the requirements of the enterprise;

In short, entrepreneurs could assign their UATs and offer to users according to the user’s UAV which based on their own operating rules. MVP comes from the Merculet Token Pool and soft­mining in different ways. Different UATs will run in specific APP/enterprise, while MVP will circulate over different apps/enterprises within the Merculet Ecology.

Locktrip LOC Token Is Now Available At KuCoin Exchange Platform

For the past years, online booking concerns on hotels and other accommodations have been a common issue among individuals. Extra charges have been imposed that becomes economically unwise especially to budgeted travelers. Locktrip, the first and one of its kind, is a blockchain based decentralized project that aims to solve this problem.

kucoin locktrip

Today, as part of their marketing extension, they are proudly announcing that they have listed their native currency LOC to one of the leading cryptocurrency exchanges in the world, KuCoin.

LOC token is now available for deposit utilizing KuCoin’s Android and iOS apps, or to their official website, www.kucoin.com.

Other transactions such as buying start at 19:30 UTC+8 and selling/withdrawal at 20:00 UTC+8.

About Locktrip

LockTrip is a marketplace intended for travelers who want to obtain cheaper rates through the absence of expensive intermediaries. Like most centralized websites, property owners often contract costly fees that are passed down to the consumer when booking hotels and other accommodations. LockTrip aims to significantly lower these rates.

How Locktrip Works

Modern travel websites that aid booking accommodations, such as Expedia or Airbnb, are centralized and thus demand some charges towards both property owners and customers, and additionally require middlemen to transact payments. LockTrip will evade the need for these expenses by setting the marketplace on the Ethereum blockchain, which will decentralize the process and offer full transaction transparency.

Property owners will be provided the opportunity to add and update their listings on the easy to access LOC Ledger interface. With the offer of simplicity and one-click solutions, proprietors will find LockTrip not only saves them money but executes the transfer of listings from current platforms especially easy.

Customers also experience savings and usability with the help of LockTrip. With access to both a desktop and mobile marketplace, LockTrip will offer easy to use explications for travelers searching for rental accommodations, and a lack of commission fees will support them continue to save money.

The LOC Token

The whole LockTrip system is established on the LOC token, which will be presented available during a token sale. Hotel and property owners who want to be listed on the LockTrip marketplace are compelled to hold LOC tokens; however, renters do not significantly need them, as any currency they use to book will be automatically shifted to LOC. However, the utility of fiat or non-native currency will result in marketplace charges that can be circumvented with the use of LOC.

LockTrip is the first step in the decentralization of hotel and short-term rental property booking, and with the presentation of money-saving choices for both owners and renters and an easy to use marketplace, it may transform the concept of booking effectively.

Pundi X Interview: Has this firm created the smartest POS device in the world?

We had the pleasure of chatting with Zac Cheah, CEO and Co-founder of Pundi X, in an exclusive CoinSpectator.com interview, to find out more about one of the most exciting companies in the crypto space.

Pundi X logoNot heard of Pundi X? The firm is digitalising the retail industry with some amazing technology that will make using and buying cryptocurrency at your local shop as easy as buying a bottle of milk.

Let’s begin:

When specifically will customers be able to pay at Pundi XPOS terminals with RFID or NFC via contactless?

We’ve shipped. The first 5000 XPOS devices are on their way to pre-order customers.

Exactly when they finally arrive will vary in each country and according to local import laws and regulations.

We expect that by the start of September the Pundi X POS will have been stress-tested in busy, large-scale and public retail environments.

Pundi X XPOS devices

The UK has a large number of convenience/ mini mart chains, each with a healthy number of local shops such as Best-one, Nisa, Premier Stores, Costcutter, Londis etc. Are any of these chains such as these integrating with Pundi X terminals?

We enter into very serious and thorough confidentiality agreements with our merchant partners before deployment. I hate to be boring but a promise is a promise.

What do you think will drive the adoption of consumers paying with cryptocurrencies as opposed to using their current options?

I think the biggest obstacle to using cryptocurrencies for payments is the lack of an easy and simple option for using them.

This is especially the case in real stores. There are some work around payment methods available in store now, but none is a serious competitor to the old point of sale system: what customers and merchants are used to.

Rather than requiring consumers to master long alphanumeric addresses and private and public keys our products, the XPASS card wallet and XPOS point of sale device, provide physical representations for the digital payment revolution. The majority of consumers and retailers will be more familiar with these and more comfortable with adopting them, though we also provide entirely digital solutions, like the XWallet for the dyed-in-the-wool crypto enthusiast.

Data already shows that when people hold cryptocurrency they will spend it. E-commerce sites in countries like Japan have successfully opened up to crypto-based spending for everything from electronics to air fares. Elsewhere you see that global travel hotspots (such as Bali and elsewhere) are also highly popular locations for cryptocurrency trading because people want to put their holdings to use when they need to.

But the chances for doing so today are pretty limited, which is probably what has fuelled the perception that cryptocurrency is mostly seen as a store of value or a speculative asset. By expanding its usefulness and making available in stores and making it easy we seek to expand crypto’s reach and make it part of the consumer economy. Nothing could be more important for mass adoption.

Which countries do you see adopting Pundi X terminals most quickly?

Korea has long been an international centre of support for Pundi X. I suspect it will continue to be so for some time.

But other places are, unexpectedly, emerging as new key markets for us. The support we’ve had in South America has been remarkable.

We didn’t expect to be as popular as we are in countries such as Colombia, Brazil and Argentina at this stage of the business. But there we are. We’ve held several meetups across the continent and the response and interest from regulators, merchants and partners has been overwhelming. That’s what’s led to us opening a South American headquarters this week. We’ll have more to say about future deals in a short time.

Quite a lot of startups are trying to enter the terminal/ crypto space, how does Pundi X aim to gain the competitive edge? I assume once a retailer installs a terminal via one firm they will not want to have two or three.

When we started this journey a year ago, we were competing against the big players in the status quo – Ingenico, Verifone, Eftpos. Now, we also have to compete against other companies that seem to be moving into the crypto POS space.

Our biggest advantage, setting aside for now the many benefits of our technology, is probably our head start and we’ve been the first to market with a working product and working for the longest to improve upon it. Actually, we had a working prototype produced by November 2017, when we launched our public token sale. Here we are now, 9 months later, and we’ve been through more than a dozen different iterations of that same device in development before arriving on the version we are now shipping to international retail.

Many of the new competitors on the crypto POS scene are not yet where we were in November. It’s a long road to travel from there.

Are Pundi X terminals provided free to stores?

No, but we charge a competitive price: between $225-$300 (USD) depending on the quantity of a customer’s order.

Why should shops choose Pundi XPOS terminals over traditional terminals that also offer contactless payments?

At this stage, the primary motivation of most Pundi X partners will be to offer their customers the ability to pay in and buy and sell cryptocurrency. That is a unique value proposition in the market today. No one else offers a POS device with support for leading cryptocurrencies that can be so easily integrated into the process flow of a retail store. I’m confident of that.

But dig a little deeper and there are plenty of other compelling reasons to buy an XPOS.

We call them the smartest POS devices in the world. I think we can say that without contradiction. Not only can you pay in crypto but with just about every conceivable payment method in the world, from credit and debit cards, to Apple Pay, Samsung Pay, etc. etc.

Even in the cheapest markets in the world we are well below the price of leading competitors and dominant market players. In some instances, a market leading POS for a restaurant will cost $1500 (USD) in initial outlay for a unit that also requires ongoing rental fees.

By contrast, the Pundi X POS can actually generate revenue for retailers – any and all (small) fees levied on transactions go to the retailer and not to Pundi X.

What currencies will be supported by the terminal when it first launches?

For the pre-ordered XPOS we’ll be shipping with Bitcoin, Ethereum, NPXS and BNB payment options on each device. But an update scheduled soon after they are first received will expand the supported range of currencies to include tokens such as BNB, ZEC, WAN and many more. Software updates, including those expanding the number of supported coins, will be released periodically for download.

Your f(x) blockchain is currently in an internal test environment. When will this be launched on the main net?

We wanted to run f(x) on a test net environment from the outset to show we are serious about its implementation.

We haven’t disclosed a date for the launch of the mainnet proper yet but at this stage it’s forecast for coming months.

As with many blockchains the bottleneck is currently scaling. How is Pundi XPOS tackling this problem and how long will it take to launch the terminals?

Addressing the blockchain bottleneck is one of the very core reasons we decided to launch an open ecosystem, known as f(x).

With our plan to roll out 100,000 XPOS in three years, we will be able to scale up transaction numbers significantly along with shipping, as each device in the field can act as a node, distributed across a wide geographic area. (Currently we’re shipping a batch of 5000 but have orders out for more than another 20,000 XPOS; a total figure expected to increase in coming years).

But it’s more than just a raw power-in-numbers game; the benefits are greater than that. Many of the solutions already in the works for improving blockchain throughput, such as sharding require on the availability of a large amount of nodes in order to divide networks into smaller, more efficient pieces. Blockchains will need more available nodes for sharding to result in speedier confirmation times.

Finally, a large, geographic spread of nodes, like the global distribution network of the XPOS we’re pursuing, will help achieve consensus on a blockchain more quickly. Proofing a blockchain against collusion ideally requires a geographically dispersed sizeable network of nodes so that consensus can be achieved with integrity and at speed.

Our plan for f(x) is essentially a means of supporting two of blockchain’s biggest virtues: openness and decentralisation. We’re building a platform that will work as truly decentralised infrastructure which can serve all other public chains and grow and fuel the broader blockchain ecosystem. We also want to grow the utility of the blockchain world and will be encouraging developers to submit truly apps for inclusion on our platform.

From our research Square appears to be a major competitor in this space, what advantages do you have over them?

Global retail payments is an industry set to surpass $2 trillion (USD) this coming year. There will be several contributions to changing the face of a market this size. What’s our point of difference? Ease and simplicity, in two words. And much of that comes down to our POS device.

For early adopters and crypto enthusiasts – the significant but still, on a relative scale, very small pool of people currently holding cryptocurrencies – navigating mobile apps, copying and pasting long addresses and sending off digital money while waiting in line may seem like no obstacle at all.

For the other 99 percent of consumers – those who make up the vast majority of the $2-trillion figure – we believe it will.

Our XPOS and XPASS card provide physical representations to digital and cashless experience. And they can be easily subsumed into the current process flow of a retail checkout store. We think this will make them more appealing to most consumers and most retailers too.

Of course, we will continue to offer digital versions of our products , such as the XWallet app and our XPOS can integrate with most any digital currency wallet.

But we think to open the doors to cryptocurrency to the remaining portion of the consumer economy you have to first make them easily spendable. That’s what we’re trying to do.

You can find more about Pundi X here: https://pundix.com/ 

The Ledger Blue Hardware Wallet Review: Securing Your Crypto Portfolio in 2018

Is the Ledger Blue a premier hardware wallet we’ve all been waiting for?

Starting to amass a decent-sized crypto portfolio? If you haven’t already, you should be taking steps to build your own digital Fort Knox, to stop the online highwaymen from pilfering all your well-researched buys. The Ledger Blue cryptocurrency wallet is one such security device that’s vying for your attention.

Launched at the backend of 2016, the Ledger Blue is a hardware wallet—a dedicated device in which to store your private keys—and has an number of top security features to try and make your crypto nest egg as safe as possible.

A premium hardware wallet with an advanced user experience thanks to a large touchscreen interface

As this wallet stores your private keys offline, it prevents nefarious hackers from being able to get their grubby hands on them. It can be locked using a pin code up to 8 digits in length, and backed up using a 24-word recovery phrase. It features a WYSIWYS paradigm—’What You See Is What You Get’—to ensure the integrity of all transactions, while protecting against viruses, malware and man-in-the-middle attacks.

ledger blue hardware wallet

https://www.ledger.com/products/ledger-blue

Price at over at £249 just over $250, it’s certainly not cheap, but it can be argued that the peace of mind it brings is worth it. With a 3.5 inch touchscreen, the Ledger Blue is a handheld device that’s compatible with computers and smartphones running most major operating systems—connecting via USB or Bluetooth—and is also able to operate independently of them.

It’s firmware is designed to run a number of apps over the top of it, supporting a wide range of currencies for storage, including Bitcoin, Ethereum, Litecoin, Ripple and Neo. It’s also compatible with a number of software wallets such as Copay, Electrum, Mycelium, MyEtherWallet and BitGo.

As is the case with other hardware wallets, the Ledger Blue doesn’t physically hold any of your cryptocurrency portfolio on the device, instead storing the private keys needed to access each currency, and tracking your holdings on the blockchain.

Setting up the Ledger Blue

Upon setting up the device for first use, you’re able to install and configure any compatible companion wallet apps in order to manage the various coins in your portfolio. The Ledger Blue’s software guides you through this process from the beginning, while also prompting you to choose your pin code and backup recovery phrase, so you can be thoroughly secured before you start to send or receive payments.

ledger blue welcome screen

Once you’re ready to transfer some funds in or out of your wallets, the Ledger Blue prompts you to connect to your computer or smartphone via USB. Using your secure pin code, you can then access your coin’s relevant app on the Blue, confirm the transaction amount, verify and send it securely using the Ledger’s touchscreen.

What currencies does the Ledger Blue support?

  • Bitcoin Cash (BCH)
  • Bitcoin Gold (BTG)
  • Bitcoin (BTC)
  • Dash (DASH)
  • Digibyte (DGB)
  • Dogecoin (DOGE)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Expanse (EXP)
  • Hcash (HSR)
  • Komodo (KMD)
  • Litecoin (LTC)
  • Neo (NEO)
  • PivX (PIVX)
  • Qtum (QTUM)
  • Ripple (XRP)
  • Stealthcoin (XST)
  • Stratis (STRAT)
  • Ubiq (UBQ)
  • Vertcoin (VTC)
  • Viacoin (VIA)
  • Zcash (ZEC)
  • Ledger Blue alternatives

There are cheaper alternatives to the Ledger Blue on the market such as the Ledger Nano S which we reviewed, although most don’t contain the myriad of features or snazzy interface that the Blue boasts and can be extremely buggy when using the Chrome app or Ledger Live manager . Do your own research to determine which would suit you best—but remember—the security of your coins should be your most important priority. Get your Fort Knox built as soon as possible, and thwart hackers before they have the chance to do a number on you.

Other popular alternatives can be found by other different firms like the Trezor £84 or Trezor T priced at £175. The KeepKey Hardware wallet is also another well liked device with a plethora of features at £129.

Pro’s

  • Snazzy colour touchscreen making it super easy to control
  • Device feels robust and secure
  • Excellent support for assets and cryptocurrencies 
  • Secure chip to keep private keys safe

Con’s

  • Can be buggy when using Ledger Live to manage the device
  • Expensive at £249 when compared to other devices
  • The device is bigger and not as easy to conceal when travelling

Ledger Blue review conclusion

The Ledger Blue comes with a number of quirks, but like most things in life time is the best healer and its nothing you can’t simply get used to and we’re sure Ledger will bring fixes to iron things out very soon like it has done in the past.

When compared with the other hardware wallets and the earlier model Ledger Nano S, the Blue wins hands-down despite only having a few exclusive features that are new to the device, the colour touch screen being one which makes a whole world of difference providing a sense of control when using it and everything feels easier.

You can get other hardware wallets at a much cheaper price but this is marketed for more premium and corporate users, that doesn’t mean crypto enthusiasts shouldn’t use it though as security is always paramount and this device does not lack in that area, with its secure robust chip thats designed to keep your private keeps super safe and isolated in the device thwarting man in the middle attacks.

I suppose the big elephant in the room is whether one should spend £249.99 on this expensive device, the Ledger Blue is so good we think you should!

How to buy the Ledger Blue?

You should only purchase the device from a verified seller or the official Ledger website to ensure your device is not tampered with by third parties, failure to do so could mean your assets are at risk of being stolen.

CLICK HERE: https://www.ledger.com/products/ledger-blue £249.99