Bitcoin Technology and the Marginalized Few in Makati City
We talk a good game, don’t we? All of us in Manila that are into startups and tech, valuations and acquisitions—It’s easy to get carried away with how clever a solution such as a Bitcoin based application could be, in and of itself. But how much of an effect do the clearest, largest players in Bitcoin really have on society writ large? Let’s consider companies such as 21—the hardware mining play. Let’s think about Coinbase, arguably the largest exchange in operation to date. Are these tech providers having an impact on us in the Philippines in particular? Until we’ve found a way to impact....
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MAKATI, Philippines – Bank of the Philippine Islands (BPI) awarded young social entrepreneurs in the 1st ever BPI Sinag Pitch held last October 6, 2015 at the Alpha Tents in Makati City. A collaboration with Ateneo Center for Social Entrepreneurship (ASCENT) and BPI Family Ka-Negosyo, BPI Sinag is a business plan competition created to empower young social entrepreneurs in the country. Over 150 entries from all over the country were submitted to BPI Foundation, 40 of which were qualified and sent to the Social Entrepreneurship Boot Camp, which were eventually narrowed down to 10 finalists....
Here’s a fun fact: According to LA Times, Makati City in the Philippines is the number one place in the world when it comes to selfies, ahead of New York, Miami, and Cebu City, which is also in the Philippines. With so much drive for social media, the same people over at Bitmarket.ph decided to make a sister company that combined selfies and Bitcoin to further drive adoption, Bitstars.ph 1. How did it all get started? Bitstars.ph started out as an idea we thought of while sitting in an airport waiting area. We tried to figure out a way to monetize something that people today are so....
Multinational giants Thomson Reuters and Visa will launch their operations in the south Indian city of Vishakhapatnam next month, as the city gains prominence as a leading financial technology hub in the country. Global data and technology provider Thomson Reuters will join the world’s leading payments network Visa in launching operations in Vishakhapatnam, a coastal Indian city in the southern state of Andhra Pradesh. Vishakhapatnam, also known as Vizag, has taken notable steps toward fostering Fintech development by welcoming industry firms to gain an operating presence in the city. The....
Another futuristic cryptocurrency city will be built in Africa, Senegalese-American star Akon has announced. The government of Uganda will make land available to him for the construction of the new crypto city. The akoin cryptocurrency will be used in the city, similar to how it will be in Akon City, the $6 billion “real-life Wakanda” that is currently being constructed in Akon’s home country. Second Akon City to Launch in Uganda Senegalese-American star and philanthropist Akon, whose real name is Alioune Badara Thiam, announced last week his plan to build a second....
The general perspective of blockchain technology is that it is simply a decentralized, distributed ledger that records the provenance of a digital asset. Bitcoin and other cryptocurrencies are digital assets that are kept on the blockchain (a distributed ledger technology) which makes the system unaltered once created. Once a transaction is added to the ledger, it cannot be changed or erased; this increases transparency and prevents fraud. All the computers that run the blockchain have the same list of blocks and transactions, and can transparently see these new blocks being filled with....