November 30, 2020
- Pizza Hut Accepting Bitcoin for Pies in Venezuela
- Facebook Libra to Launch in Jan 2021 & Backed by US Dollar
- Australia Launches Global Blockchain Trial with Singapore
- SBI, Japanese Financial Giant Debuts BTC Lending Service
Pizza Hut Accepting Bitcoin for Pizzas in Venezuela
Its Deja Vu for Bitcoin Pizza Day as Venezuela’s Pizza Hut starts accepting Bitcoin (BTC) for its pizza.
CryptoBuyer, a crypto services firm, has entered into a partnership with Mega Soft, a leading information technology firm, to drive crypto adoption in Venezuela by facilitating crypto payments at over 20,000 shops and businesses.
CryptoBuyer, a crypto services firm, last tweeted on Nov 27, reporting that Pizza Hut stores across South America have begun to accept BTC as payment for food and beverages. Richard ElKhouri, General Director for Venezuelan operations of Pizza Hut, states in an interview with EIAxioma, a Venezuelan news outlet.
“Pizza Hut nowadays cannot be detached from these technological advances and all those incorporating new approaches for daily necessities,” “It is important that we accommodate young people, modern adults, and people technologically knowledgeable.”
CryptoBuyer is also offering major altcoins like Litecoin (LTC), Dash (DASH), Binance Coin (BNB), Binance USD (BUSD), Ether (ETH), Tether (USDT), Dai (DAI), and its native token XPT as currencies for payment.
Source | Cointelegraph
Facebook Libra to Launch in Jan 2021 & Backed by US Dollar
Facebook Libra is finally launching after its announcement more than a year ago. Libra as a digital currency, will be backed by the US dollar, as reported by the Financial Times.
Libra backed by the US dollar will only be the initial stage, as more fiat currencies are expected to be added to support Libra’s value. The exact launch date will only be available once the Libra Association receives regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate as a payments service.
Libra faced much scrutiny from global financial regulators resulting in member companies like Paypal and Mastercard exiting the project when it was first initiated in June 2019.
We are excited for what’s to come for Facebook Libra, as the Financial Times reported that the Libra members believes the appointment of HSBC’s Legal Chief Stuart Levey as the Libra’s project chief executive was a turning point for Libra.
Source | Cointelegraph
Australia Launches Global Blockchain Trial with Singapore
The move came after the launch of a nationwide APS blockchain for local, state and fedral staff in Australia.
As part of a series of pro-blockchain efforts, the Australian government is putting blockchain to the test for intergovernmental document exchanges with Singapore.
The Australia Border Force (ABF) earlier announced on Nov 23 to launch a blockchain trade trial in partnership with the Singapore Customs and Singapore Infocomm Media Development Authority to put digital verification systems to the test.
Michael Outram, Commissioner of ABF, states,
“This initiative will incorporate paperless trading and secure, digital exchange of trade information as part of the future architecture and design of an Australian Trade Single Window.” Outram explained that the blockchain trial will assist in digitizing trade and compliance records. The blockchain trial by the Australian government will be aided by the Australian Chamber of Commerce and Industry, Australian Industry Group, and Australian financial institutes and Singapore, including ANZ.
The blockchain trial project is part of the National Blockchain Roadmap, with Chloe White from the Department of Industry, Science, Energy, and Resource (DISER) leading the project and states that the project is a community for blockchain enthusiasts amongst public servants.
Source | Cointelegraph
SBI, Japanese Financial Giant Debuts BTC Lending Service
Strategic Business Innovator (SBI) Group, Japan’s financial giant, is debuting a cryptocurrency lending service through its crypto subsidiary, SBI VC trade.
The new crypto lending platform, as reported in an official announcement on Nov 24, will allow users to lend cryptos like Bitcoin (BTC) to SBI and earn an interest rate of 1% including tax.
The new crypto lending platform will be named “VC Trade Lending”, with Bitcoin (BTC) as its first currency, with a minimum lending amount of 01. BTC. More alt coins will reportedly be added to the platform in the near future.
SBI further added that VC Trade Lending will not have annual membership or account management fees, although a fee will be charged for withdrawals. Deposits remain free.
Prior to VC Trade Lending, SBI have been heavily involved in the crypto industry, acquiring TaoTao, a crypto exchange with 40% stake held by Yahoo, and Ripple, one of global’s largest exchange that builds financial products on XRP, one of the major alt coins.
Source | Cointelegraph
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