Unveils Archives -
Amazon.com Inc. has unveiled a revolutionary new drone — part helicopter and part science-fiction aircraft — that the company expects to use for test deliveries of toothpaste and other household goods starting within months.
The new device takes off vertically, then tilts to fly horizontally like…
Hoping to ease crowding, Disneyland Resort is introducing an annual pass that lets visitors in on slow days but requires reservations for weekends and other popular times.
“We are trying to smooth demand,” said Annika Chase, vice president of marketing and commercial strategy at the resort.
Presidential candidate Sen. Elizabeth Warren wants to spend $ 100 billion over 10 years to help states and territories hard hit by the opioid epidemic.
Elizabeth Warren is out with what might be her most controversial policy proposal yet ahead of the 2020 election: She wants to wipe out a large chunk of the student debt now held by Americans, reports HuffPost . “The time for half-measures is over,” Warren writes in a blog post detailing…
2gether, a Spanish banking platform, has announced the launch of its prepaid Visa debit card that allows holders to pay for goods and services using cryptocurrency. Customers can use the card to make payment in euros or via bitcoin core, bitcoin cash, ripple, ethereum, EOS, litecoin and stellar.
Also read: Cboe Discontinues Bitcoin Futures for Now
Fee-Free Card Available for Users in the Eurozone
In a statement, 2gether revealed that the card “instantly” converts the cryptocurrency to fiat currency. Users within the 19-member Eurozone economic bloc can utilize the card without paying any fees. The Madrid-based banking startup believes that with its prepaid card it is solving problems associated with making purchases using virtual currencies.
“Currently, spending crypto is a long and difficult process involving exchanges, personal keys, and lots of waiting,” the company stated. Customers are expected to complete full KYC verification to use the card. Thereafter, they will be able to manage their balances online through a mobile app that also allows users to trade cryptocurrencies. 2gether, which was founded in 2016, has stated that purchases are offered at “no mark-ups to exchange prices.”
Although there has been significant growth in cryptocurrency use throughout the world, most companies and service providers have yet to fully embrace the technology. Adding crypto functionalities to existing card platforms will help to improve adoption. 2gether explained that the latest development will allow it to incorporate Artificial Intelligence and machine learning technologies to assist with financial management, product choices, and investment decisions.
“2gether is developing the bank of the future, where consumers can take full ownership and control of the services they use and go beyond solely interacting with euros and dollars,” Ramón Ferraz, chief excutive officer of 2gether, opined.
Polispay Cancels Crypto Debit Card
Meanwhile, Mexico-based Polispay has canceled its Mastercard cryptocurrency debit card for users outside of the South American country. The company blames its Mexican card provider for violating Mastercard rules. In a statement released March 18, Polispay lamented:
It has come to our knowledge … that our provider was having a set of problems with Mastercard. Mastercard never gave them permission to sell cards outside of Mexico, a situation we were unaware of as we had been guaranteed our provider had the faculties and required licensing to do so.
With immediate effect, Polispay will no longer to be able to issue its prepaid crypto debit card outside of Mexico. Cards already in existence outside of the country no longer work as Mastercard will not validate their transactions. Polispay deposits, shifts and new/existing card orders have been suspended until further notice.
Polispay has committed to refunding users in BTC whose cards have been invalidated. The company said it is “working on ways to restore the worldwide availability of the platform [as well as] searching for new card providers and evaluating different options,” but warned the process “will take time.”
What do you think about onboarding crypto payments to traditional cards like Mastercard or Visa? Let us know in the comments section below.
Images courtesy of Shutterstock and 2gether.
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The post Spain’s 2gether Unveils Crypto Debit Card, as Polispay Is Forced to Cancel Its Mastercard appeared first on Bitcoin News.
Drugmaker Eli Lilly patted itself on the back this week for offering an “authorized generic” version of its Humalog insulin for about half the current list price.
“Solutions that lower the cost of insulin at the pharmacy have been introduced in recent months, but more people need help,” said David…
The Green New Deal is here. Alexandria Ocasio-Cortez unveiled a resolution on Thursday that would give the US a blueprint on how to wean itself from fossil fuels and remake the American economy in the process. Sen. Ed Markey of Massachusetts is introducing a companion proposal in the Senate. As…
California’s second-largest power company plans to cut down tens of thousands of trees in high-risk areas, inspect thousands of miles of power lines and consider the use of preemptive power shutoffs this year, part of a $ 582-million plan to reduce the risk of fires sparked by the utility’s infrastructure.
The Stock Exchange of Thailand is reportedly planning to launch a cryptocurrency exchange. The securities companies that are members of the exchange will also apply for cryptocurrency broker-dealer licenses with the country’s regulator. Thailand currently has three licensed crypto exchanges.
SET Planning to Enter the Crypto Space
The Stock Exchange of Thailand (SET), the country’s national stock exchange, is reportedly planning to operate a cryptocurrency exchange that is separate from the stock exchange.
Dr. Pakorn Peetathawatchai, President of the SET, revealed on Thursday that the bourse is preparing to test a digital exchange prototype in the second half of this year, Post Today reported. The Bangkok Post elaborated that the bourse aims to “open a new exchange and become an authorised digital asset exchange this year,” adding that details such as the back-office system and which wallet to use for token storage are being worked out.
The news outlet reported Pattera Dilokrungthirapop, chairwoman of the Association of Securities Companies and vice-chairwoman of the SET’s board of governors, commenting:
The bourse wants to catch the growing investment trend of digital assets.
The SET is overseen by the Thai Securities and Exchange Commission (SEC) and currently operates under the legal framework laid down in “the Securities and Exchange Act, B.E. 2535 (1992),” its website details.
SET’s Members to Also Enter the Crypto Space
Dilokrungthirapop explained that the SET plans to cooperate with its members to set up the crypto exchange, noting that securities companies that are members of the SET also plan to apply for crypto broker-dealer licenses in order to trade on the SET’s new exchange. She was further quoted by the Bangkok Post as saying:
Securities firms are currently waiting for the SET to apply for a license. For us, digital assets are expected to grow in the future as investors gain more understanding of this asset class.
Thailand’s cryptocurrency regulation went into effect in May, installing the country’s SEC as the main regulator of the crypto industry. The finance ministry has the authority to issue licenses to businesses wanting to operate crypto businesses.
The ministry recently issued licenses to four cryptocurrency companies. Three of them are exchanges: Bitcoin Exchange Co. Ltd. (Bx), Bitkub Online Co. Ltd. (Bitkub), and Satang Corporation (Satang Pro). Coins Th Co. Ltd. is the only broker-dealer licensed. Meanwhile, three crypto exchanges have been rejected: Coin Asset Co. Ltd., Cash2coin Co. Ltd. and Southeast Asia Digital Exchange Co. Ltd. (Seadex).
What do you think of the Stock Exchange of Thailand entering the crypto space along with its brokers and dealers? Let us know in the comments section below.
Images courtesy of Shutterstock and the Thai SET.
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