Europe Gives Extra Attention To Payment Railways
Europe is moving fast investigating the movement of funds within their region to try and thwart off the acts of terrorism that has frightened the entire world. Immediately after the Paris attacks world leaders shouted out from podiums demonizing encryption and held secret emergency meetings to discuss cryptocurrency. The European Union has made it clear they are unhappy with encrypted services, they want to hire a blockchain investigator, and they want access to the SWIFT financial database now. After the acts in Paris reports from the European authorities have been relentless offering....
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Just like railways transformed everyday lives in towns in the early days, blockchain technology continues to shape the format of the internet and its users. In my latest article “Crypto, like railways, is among the world’s top innovations of the millennium,” I compare the blockchain revolution to the railway boom. If we apply this analogy further, what’s going to happen next?Stuart Hylton in his book What the Railways Did for Us: The Making of Modern Britain cites this quote: “The direct effects of railway building are, after all, considerable enough in themselves to require no....
Swiss railways has announced its plans to start selling Bitcoin in association with SweePay on its ticket machines. Switzerland has always been a step ahead of the world when it comes to financial matters. During the undisputed reign of fiat currency, Swiss banks made a name for themselves by valuing the privacy of its customers. While the banking industry has changed since then, the country is now increasingly focusing on Bitcoin and cryptocurrency technology. As the country continues to attract cryptocurrency businesses, it has started to take steps towards increasing digital currency....
Cryptocurrencies will be best suited to be the mainstream means of exchange in future extra-terrestrial settlements, according to a white paper written by Dr. Kartik Hegadekatti, Bangalore divisional commerce manager at the Indian Ministry of Railways and a colleague, Dr. Yatish S. G. The paper, titled “The K-Y Protocol: The First Protocol for the Regulation of Crypto Currencies,” posted on the Social Science Research Network website, contends that regulated sovereign-backed cryptocurrencies (RBCs) will be the most commonly used currencies in societies on other planets settled by humans.....
Through an integration of the European payment network, WoraPay, users of the London-based Bitcoin mobile wallet SpectroCoin now can spend bitcoin at numerous Eastern European merchants. Paying merchants with bitcoin is done indirectly, however. Users' fund their WoraPay accounts with bitcoin sent from their SpectroCoin wallets, and then pay the merchant with euros through their phone. Though WoraPay has its own mobile wallet, the company also opened its payment network to third-party wallets. This gives other mobile wallets access to a growing number of merchants across Europe that accept....
Finding a million reasons why blockchain won’t succeed turned out to be one of the biggest innovations in the last 500 years. You are about to read a half-fiction witty story based on Stuart Hylton’s review of “the making of Modern Britain” and my interpretation of the blockchain’s impact on today’s world. I found it fascinating how the description of the industrial age front-runner technology resembled the awe and fear of blockchain in modern times. Some quotes are so relevant that changing the “railroad company” to “blockchain protocol” would give the same shilling.After several....