Upcoming Bitcoin Core Software Release To Support Hardware Wallet Connect To Full Nodes

It has been reported that the coming 18th major version of Bitcoin Core software will allow users to connect bitcoin full nodes to hardware wallets.

This is a major step for the security of the users as Bitcoin full nodes allow users to verify transactions have really took place.

According to Wladimir van der Laan, the lead maintainer of Bitcoin Core and the one in charge of coordinating the coming upgrade this is one of features he has been waiting for quite some time now and is really excited to bring this out to the crypto community.

The upgrade is part of a much broader effort to make the Bitcoin full node easier to use for regular users.

The new feature is command line only and manual but it is a great step forward said Andrew Chow, a Bitcoin Core contributor since the functionality is now live and developers will be able to make it easier to use in the future.

Blockchain Technology Can Help Fight Human Trafficking According To British Royal and US Ambassador

In a conference conducted in Vienna, Austria, Princess Eugenie of the United Kingdom and United State ant-human trafficking Ambassador John Richman spoke of using blockchain technology to address human trafficking.

The event was hosted by the Organization of Security and Co-operation in Europe (OSCE) where experts have expressed their concerns that the increased usage of internet has expanded the ability of traffickers to exploit potential targets.

Princess Eugenie is the granddaughter of Queen Elizabeth believes that technology could help fight trafficking saying that she has heard of blockchain making an impact on supply chain management, a technology which she states enables the public help report modern slavery.

The application she was referring to was an initiative by Coca Cola and the U.S. Department of State and the Safe Car Wash App.

The application aims to use blockchain technology to create a secure worker register to address the problem of forced labor.

Ambassador Richmond on the other hand says that there is no algorithm or app can stop human trafficking however with the help of this kind of app can help people deter human trafficking.

Western Union Inks Partnership Deal With Coins.ph

It has been reported that Western Union has recently inked a deal with a Philippine-based cryptocurrency wallet provider, Coins.ph, which will enable users to directly receive remittance directly into their wallets.
With this partnership the 5 million strong Coins.ph users will be able to receive international and domestic money transfers directly into their Coins.ph wallets in the Philippines.

According to Ron Hose, co-founder and CEO at Coins.ph, there are many overseas Filipino workers who send money back home regularly and are always looking for additional remittance options that will make it more convenient for their loved ones to receive money.

The Philippines is one of the largest remittance market in the world which has been consistently at the top three remitting countries surpassed only by China and India both of which has 10 times more population than the said country.

With that being said and the very cryptocurrency friendly environment in the Philippines it is no surprise that the world’s largest money service has chosen a Philippine-based crypto wallet service provider as one of their business partners.

PayPal Fee Structures Highlights the Need for Crypto and Bitcoin

According to reports, online Paypal will now be keeping all seller’s fees when processing a refund.

While payment companies like PayPal are entitled to implement such self serving policies like this one for whatever reason they please, this could actually drive online merchants towards alternate payment networks such as Bitcoin or other cryptocurrency.

This development has infuriated many of its loyal users, previously the company takes a small set fee of 30 cents from the seller in each retail transaction occurred on the network, as well as 2.9 percent of the goods or services being sold.

In the event of refund for whatever reason, the set fee would be kept by PayPal while the 2.9 percentage taken out of the amount will be refunded to the seller.

The new policy states that by May 7, 2019 the international payment processing firm will not only keep the processing fee of 30 cents but will also keep the 2.9 percent as well.

The unfairness of the policy have irked merchants using PayPal as it is essentially the same as charging the merchant for the customer changing their mind about a purchase.

Opera Upgrades Web browser To Support Cypto Wallet and Web 3.0

It has been reported that Opera, one of the major mainstream web browser will be releasing a new version of its browser that will feature a built-in crypto wallet and Web 3.0 Explorer.

The name of the new iteration of its browser is Opera 60 or Reborn 3, the main features of the said update native support for cryptocurrencies as well as web 3.0 explorer of decentralized applications (dApps) explorer which will allow users to conduct transactions and interact with the blockchain-based internet.

Aside from these unique features Opera will also provide virtual private network (VPN) to increase the user’s privacy and security.

According to Opera executive vice president Krystian Kolondra blockchain technologies bring the power and control back to the people as they can securely signs transactions and identify themselves to websites without unnecessarily over-sharing their data.

Opera first announced the addition of built-in cryptocurrency wallet to its Android browser back in July 2018.

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