Fiii crowdsale date has been announced
Fiii crowdsale opens on 1. Nov 2018.
Making Cryptocurrencies Available to All
Concept
Fiii aims to promote the wide acceptance of cryptocurrencies throughout the world.
Fiii's ecosystem comprises of five different tech arms.
FiiiPOS – The Only mobile instant cryptocurrency payment terminal in the world to be compatible with up to 1500 cryptocurrencies. Supporting unique DPoC. Over 2200 POS already launched in Asia and 15000 on order as of September 2018.
FiiiPay – Mobile Wallet App compatible with FiiiPOS. Over 350k registered users as of September 2018.
FiiiEx – CryptoCurrency exchange platform built to support FiiiPOS and FiiiPAY
FiiiChain – Customizable blockchain framework enabling plug and play feature for commercial application
FiiiCoin – Cryptocurrency created using FiiiChain, focusing on long term stability and commercial viability."
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BlooCYS crowdsale date has been announced
BlooCYS crowdsale opens on 1. Nov 2018.
Uber-like platform for hiring professionals for consultancy services
Concept
BlooCYS – Experts at your fingertips is a revolutionary blockchain-based platform that uses real-time video to revolutionise the way people access, and offer, consultancy services.
It is an expertplace, where Customers can find experts at their fingertips, while Providers, the experts in platform can use their skills to earn additional income from anywhere at any time. Built of the new model of decentralisation and tokenisation, BlooCYS’s real-time video capability, user verification and review, comprehensive searchable directory of services by experts, blockchain technology for transparency and smart contracts with underlying token, gives this platform the potential to revolutionise and optimise the way people access, and offer, expert services.
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New data from cryptocurrency prime dealer SFOX has painted a somewhat bleak picture of the current state of dApp development on the Ethereum network. According to the data which was obtained from an analysis of more than 30 million Ethereum transactions, the top 10 smart contracts on the network are dominated by ICO and exchange …
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Despite previously dismissing as a tool for fraud and criminal activity, Mastercard and Visa appear to be warming up to the idea.
In a patent application – – filed Thursday, October 25th, it appears that Mastercard is looking to apply the principles of fractional reserve banking to crypto assets, or as the credit card giant phrased it, “blockchain currencies.”
The move, which seems counterintuitive to many in the crypto space, would allow Mastercard to use cryptocurrencies in a similar fashion to fiat currencies, wherein only a fraction of deposits are backed by actual assets.
Could Mastercard Create A Crypto Credit Network?
In its application, Mastercard describes a growing desire for anonymity and security in financial transactions, but suggests that currently, blockchain technology is not yet efficient enough to maintain the security of the payee while traditional fiat transactions are.
In the application, Mastercard :
“There is a need to improve on the storage and processing of transactions that utilize blockchain currencies. Existing payment networks and payment processing systems that utilize fiat currency are specially designed and configured to safely store and protect consumer and merchant information and credentials and to transmit sensitive data between computing systems. In addition, existing payment systems are often configured to perform complex calculations, risk assessments, and fraud algorithm applications extremely fast, as to ensure quick processing of fiat currency transactions. 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 maintaining security of account information and provide a strong defense against fraud and theft.”
The application went on to describe what will likely be a cryptocurrency credit card network, utilizing both crypto assets and fiat currency.
Though patents for projects that never materialize are filled frequently, the move by Mastercard, which previously cited crime and fraud as a reason to not use cryptocurrencies, could suggest the company is opening up to the new asset class.
Visa CEO Chimes In
In an with former hedge fund manager and notorious crypto skeptic, Jim Cramer, Visa’s CEO, Al Kelly, weighed in on the subject of cryptocurrencies.
Cramer, who once claimed that the ‘sun was setting’ on the crypto space, asked Kelly if cryptocurrencies posed a threat to Visa’s payment empire. Kelly responded, saying, “Certainly not in the short to medium-term in any way, as I think that [the market needs to actually believe] that crypto is moving from being a commodity to really being a payment instrument.”
Kelly did mention, however, that if cryptocurrencies were to take off, that Visa would, of course, adapt.
“If we have to go there (cryptocurrency), we will go there, but right now, its more of a commodity than a payment vehicle.”
Conclusion
While neither Visa nor Mastercard have made any major moves to integrate cryptocurrencies into their operations just yet, Mastercard’s patent application suggests that such a move could be on the horizon.
Growing institutional interest in the space has dominated the conversations surrounding the health of the industry in 2018, but the technological advancements cannot be ignored either.
With new for bitcoin, of competing blockchains, and improvements on other established cryptocurrencies, the crypto-space is still has a lot of promise, despite depressed prices.
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