“You become a champion by fighting one more round. When things are tough, you fight one more round.”
– James J. Corbett
Good Wednesday, fam! It's midweek, so remind yourself to press on!
Today in history (1939), "Betty" Bomber, the Japanese Mitsubishi G4M twin engine, takes its first flight. 🛫
In today's newsletter, we will be covering TBCASoft, IBM and SoftBank announcing a mobile payment blockchain, Algorand obtaining a sharia compliance certificate and Zuckerberg to not launch Libra anywhere globally without U.S approval.
Please do not forget to answer the polls down below too! It's a great way to interact with you and hear what you have to say. 💭 Happy reading! 📚
Over the last 24 hours, total market capitalization dipped from ~$223.7 billion to ~$217.9 billion, with most coins seeing losses in the ~2-5% range. 24-hour volume registered ~$60 billion.
BTC is currently trading at ~$8,040, down ~2.8% over yesterday. On the daily chart, BTC failed to break to the upside of its 100-day EMA line for the second time since it broke below it mid-Sept. RSI is at ~38.👀
Anywhere in the world 🌐
IBM, SoftBank and TBCASoft are collaborating to adopt a cross-carrier telecommunications blockchain payment solution, through the Carrier Blockchain Study Group (CBSG) Consortium.
The first application that CBSG will launch is the Cross-Carrier Payment System (CCPS) that allows mobile service users to pay local merchants overseas with their phones, thereby paving the way for interoperability amongst various telecommunications carriers to create a network of merchants that mobile service clients can access. 📱
Using a telecommunications network that enables cross-carrier relations allow "improved cross-carrier relations" and transforms the way "telecom carriers transact with partners and customers to deliver innovative payment solutions".
Algorand (ALGO) has been certified as sharia-compliant by Bahrain-based Shariya Review Bureau (SRB), which stated that the platform is in line with the tenants of Islamic law.
This move could connect Algorand and its attributes to a worldwide network of observant Islamic investors with an estimated worth of over $70 billion. 🌍
Sharia compliance can be complicated for any investment vehicles, as it requires non profiting from activities banned under sharia law. According to Algorand CEO Steve Kokinos, he is "excited that forward-thinking Islamic enterprises will now be able to realize new business opportunities on a platform that is congruent to their finance guidelines.”
Algorand intends to retain approval as it continues to develop by sending every dapp created on the platform for sharia compliance review.
Only if you allow it 😉
According to prepared remarks released on 22 Oct ahead of planned hearings before the U.S. House Financial Services Committee, Founder of Facebook Mark Zuckerberg will not launch Libra anywhere in the world until U.S. regulators approve it.
Zuckerberg wants to assuage regulatory concerns over Libra, but also leveraged on China's plans to plans to release a project similar to Libra in the coming months, stressing that it could interfere with America's financial and technological leadership in the world.
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"On a scale of 1-10 (10 being most useful), how useful would a blockchain enterprise solution be for the company you're currently working in?"
The average vote was 7.6. 47.4% of y'all voted a '10'.
"Why or why not?"
They would likely screw up it's implemenation to the degree of becoming even more micro-managed. – hahahaha what little faith you have in em 😂
hotels are more need blockchain-based solution – Yeah, I would imagine so. It could help with room management. 👍
i work for a small company & on budget so our attitude is why fix something not broken.. but for a little large company there are lot of areas where blockchain can be employed for eg.. attendance, supply chain, communication, payments.. basically u name it.. – Yeah, you’re right! 😄
I work in telecom, so yeah, pretty useful 🙈😂 – I wonder if that industry could one day be decentralized.
I am a company of 1 so not sure what I gain from going blockchain i.e roi – Well a common application would be in logistics if your business involves that! 👍
Seeing that I resigned yesterday to start working on a few blockchain ideas, solutions to problems in enterprise and government, I hope it all 10's. But we living in a world where even lending someone an item as simple as a flashdrive needs to be on a blockchain as you never know what they will do it, or if you'll ever get it back. – Wow, good on you! All the best in our future endeavor! 💪
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙