Letstransport Could Decentralize Logistics in India, Bitcoin Payments Next?
Transparency is playing an ever-important role in the daily lives of consumers, as well as businesses. More and more services are being offered in a decentralized nature, which increases the need for transparency even further. India, a country where e-commerce is booming, and Bitcoin adoption is on the rise, is trying to solve the logistics issue plaguing business in every corner of the nation. Logistics is a nightmare for most businesses because they all rely on a central point of failure. Even though logistics is spread out over multiple truck drivers and cargo freighters, as soon as one....
Related News
India’s payments authority, the National Payments Corporation of India, has reportedly said that it will not ban cryptocurrency transactions. Banks are to make their own decision whether to allow crypto transactions. The National Payments Corporation of India (NCPI), has refused to ban cryptocurrency transactions, local media reported Thursday. NCPI runs the Unified Payments Interface (UPI), an instant real-time payment system that facilitates inter-bank transactions. It is regulated by the central bank, the Reserve Bank of India (RBI). Instead of banning crypto transactions, NCPI....
A blockchain startup, logistics companies and financial institutions in China have formed a ‘Blockchain Application Sub-Committee’ initiated by the China Federation of Logistics and Purchasing, Founded during the 2016 Fintech Global Summit held on December 20, 2016, the Sub-Committee will look to develop and introduce blockchain technology in the logistics industry, a press release revealed. Local blockchain startup Shenzen Digital Singularity, also known as BitKan, will lead and organize the Sub-Committee to help set standards and rules of blockchain adoption, for the logistics industry.....
At the 2016 China Shenzhen Fintech Summit held on December 20, 2016, the China Federation of Logistics and Purchasing (CFLP) announced the establishment of the Blockchain Application Sub-Committee in an effort to bring the logistics industry into the digital era by leveraging blockchain technology. The Sub-Committee, a collaborative initiative by the CFLP, several Chinese logistics companies, financial institutions and local blockchain startup, Shenzhen Digital Singularity (BitKan), has devoted itself to transforming the logistics industry by introducing the use of blockchain technology.....
Cryptocurrency exchange Coinbase has announced that it is launching full-scale crypto trading in India with Unified Payments Interface (UPI) support. However, moments later, the National Payments Corporation of India (NPCI), which developed UPI, stated that no crypto exchange is using the UPI system. Coinbase Launches in India, Hit With UPI Problem The Nasdaq-listed cryptocurrency exchange Coinbase announced Thursday at an event in Bengaluru that its trading platform will be fully available for retail traders in India. The company said that customers will be able to buy cryptocurrencies....
Rakuten Super Logistics, an order logistics company owned by Japan-based e-commerce giant Rakuten, has begun accepting bitcoin payments for its shipping services. The integration comes nearly a month after speculation began that the e-commerce company could soon leverage bitcoin as a payment method. In July, CEO Hiroshi Mikitani said in a speech that he believes Rakuten will adopt bitcoin "sooner or later". As reported by Tech In Asia, Rakuten Super Logistics cited consumer demand as the reason for the decision. Company CEO Joseph DiSorbo said that by adopting bitcoin, the company has....