South Korea’s largest cryptocurrency exchange, Bithumb, has successfully rolled out kiosks accepting cryptocurrency across the country, within local restaurants, shopping centres and stores. They have partnered with local mobile payment service provider “Pay’s”, to make this a reality in more than 6,000 stores for the launch. This allows consumers to process payments in 12 cryptocurrencies including BTC, BCH, LTC, XRP. [cryptoglobe]
22 European countries have signed an agreement to a “Blockchain partnership” as they aspire to lead the way in the AI and blockchain industries. This agreement is to avoid a fragmented approach at development in the field, and rather, align these countries so collaboration efforts can be undertaken. Mariya Gabriel, the commissioner for digital economy and society, believes a forward thinking approach by these countries will ensure better public services starting “In the future, all public services will use blockchain technology. Blockchain is a great opportunity for Europe and Member States to rethink their information systems, to promote user trust and the protection of personal data, to help create new business opportunities and to establish new areas of leadership, benefiting citizens, public services and companies. The Partnership launched today enables Member States to work together with the European Commission to turn the enormous potential of blockchain technology into better services for citizens”. [Europia]
A company spokesperson told Techcrunch that Samsung is “currently engaged in the manufacturing of cryptocurrency mining chips.” They’ve already gotten a taste for cryptocurrency mining as they also produce memory chips for GPUs, which have seen a huge spike in price ever since altcoin mining became popular back in summer 2017. These chips look to supply ASIC manufacturers that produce consumer-ready hardware to sell to the public. Bitmain, an ASIC manufacturer, has a near monopoly in the space now. They’ve been able to produce the most efficient miners in an industry where profit margins are razor thin. However, a better product can quickly outmatch competitors. Bitmain works with TSMC, a Taiwanese chip manufacturing company. Samsung will be a direct competitor with TSMC. [bitcoinist]
Ripple, known for its a real-time gross settlement system, currency exchange, and remittance network — has invested $25 million of its own digital currency XRP into “a dedicated sidecar vehicle alongside Blockchain Capital’s fourth venture fund. Ripple’s investment follows last month’s announcement that Blockchain Capital — the longest-standing blockchain-focused venture capital firm — had already raised $150 million USD to invest in equity and cryptocurrency assets. [bitcoinist]
And lately, Ledger users who tried transacting with Bitcoin Cash users had no luck for 36 hours as the BCH Infrastructure at Ledger had reportedly had an outage. The new version of the Bitcoin Cash node apparently had compatibility issues with the Ledger “Parser”, resulting in incorrect balances being shown to ledger wallet users.