Paypal of Crytpo

A Swiss Startup company is trying to be the Paypal of Crypto by making the use of cryptocurrencies for online transaction as easy and as secure as possible.

The Utrust API was designed for use at online and post-of-sale crypto acceptance worldwide.

Its sets of tools include a conflict mitigation system, chargeback protection, and a proprietary cryptocurrency which increases purchasing power within the platform.

The platform was designed for worldwide use but will be released in Europe initially.

It has partnered with several partners in Europe, one of which is Gambio.de, a German e-commerce solutions provider servicing more than 25,000 online stores.

The stores it services were reported to generate about 30 percent of all e-commerce of Germany.

As part of its plan to be the Paypal of crypto, it has recently hired Sanja Kon, former eBay head of European partnerships and Head of Marketplaces and Large Enterprise Partnerships for Paypal in the U.K.

They believe with this new recruit, will lend much needed traditional e-commerce expertise in bridging crypto and fiat currencies.

Patent Hints of Multi-currency Blockchains Support For Mastercard

It appears that Mastercard has won a patent for a proposed system that would allow for the launch of different kinds of blockchain including those that support different currencies.

The publication that was release on Tuesday by the U.S. Patent and Trademark Office describes the need of storing different types of transaction information on a single platform.

To address this issue, they have designed a block-generation method that can store different types of information.

According to their filing, their system will be able to provide a partitioned blockchain that is capable of storing multiple transaction formats and types in a single blockchain, reducing the computing resources and processing power required for deployment and operation of the blockchain.

The company has become a prolific filer of proposed patents that relates to blockchain and its use-cases which goes to show you the confidence of Mastercard as a firm with emerging technology like blockchain.

World’s First Blockchain Based Phone Call Made By PundiX (NPXS)

The PundX (NPXS) project has always been in the forefront of initiatives to make cryptpcurrency mainstream with several projects under its belt.

These project includes the revolutionary Point of Sale devices that was designed to make crypto payments easier for crypto users as well as merchants.

Second is the XPASS cards which are the crypto version of the regular metro top-up cards used for public transportation.

Then now, the company has demonstrated that might as well be the first ever phone call made on the blockchain.

This PundiX team did the demonstration while attending the Xblockchain Summit at the Inaya Putri, Bali.

This was made possible using the teams new device called XPhone.

It was reported that XPhone does not require a centralized mobile carrier to function.

It runs on the new Function X blockchain by PundiX.

The blockchain is designed to revolutionize data transmission and bring about a truly decentralized internet.

Unocoin Of India Launching Crpto ATM

It has been reported that one of India’s major exchange and one of the largest cryptocurrency exchanges in the country with over 1.2 million customers, Unocoin is planning to launch its own cryptocurrency ATM.

While there are no formal announcement has been made, pictures of which has been made public by those who have spotted the test machines.

The words instant deposit and withdrawals for your Unocoin account are written on the machine, along with the “exclusive for Unocoin customers” and “credit and debit cards are not accepted.”

Logos of BTC, XRP, ETH, BCH and LTC are visible suggesting that the ATM will support the mentioned cryptocurrencies.

It has been difficult for crypto service providers and crypto traders in India as its central bank has banned all banks from transacting crypto related transactions.

This has prompted several exchanges to halt deposits and withdrawals on its local currencies.

Some exchanges continued their operations by providing crypto-to-crypto services but exchange operators lament that most of their clients are not ready for crypto-to-crypto trading, as more customers just buy bitcoin as an investment than trying to earn through short-term trading.

Forbes is Going Blockchain With New Partnership

Matt Coolidge has recently announced that company he co-founded, Civil has partnered with Forbes.

Civil is an Ethereum-based platform and set out on a quest to help a 100 year old publisher, Forbes for new heights of transparency.

Salah Zalatimo, Senior president of product and technology at Forbes, said the partnership would allow the media company to provide unprecedented transparency around content.

In order to accomplish this Forbes will integrate Civil’s software with its own custom-built content management system known as Bertie.

When integrated, journalists working under the Forbes umbrella will be able to upload their story as well as their identity information to both the Civil network and Forbes system.

Through the use of blockchain the initiative hopes to establish the author’s identity and credibility.

Articles that have been added to the Civil network will have a Civil badge next to its articles indicating that the contents of the article as well as the author information have been recorded in the blockchain.

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