Credit And Debit Card Purchases Now Enabled In Cashaa

It has been reported that online banking platform Cashaa has now enabled its users to purchase Bitcoin, Ether and Cashaa Token using major credit and debit cards.

This feature comes after introducing Business Banking Services Cashaa earlier this month which allows both individuals and private firms to open accounts with Cashaa and accept cryptocurrency payments.

The service is available to users around the world except the United States due to persisting regulatory uncertainty still persisting in the North American country.

Cashaa was launched in 2016 with the primary aim of using cryptocurrencies to bank the unbanked giving them a greater array of possible users better access to financial system.

According to Kumar Gaurav, Cashaa’s CEO, their platform is currently available to over 109 countries worldwide.

France’s Societe Generale Issues Multimillion Bond On Ethereum

It has been reported that French financial services giant Societe Generale Group has issued around $112 million worth of bonds using the Ethereum blockchain.

The bond was issued in the form of a security token called the OFH token (obligations de financement de l’habitat, or home financing obligations).

The security token will be used to represent 100 million euros of covered bonds which is described as a type of security that is backed by specific asset but remains in the issuer’s balance sheet.

It must be noted that the Societe General was the sole investor which basically means the firm issued the securities to itself and no outside buyers were involved.

It seems that the financial services giant is trying to experiment with blockchain technology internally before offering it to its clients.

Samsung Invests In Crypto Startup Ledger

It has been revealed that Samsung, the South Korean technology giant, Samsung has invested about 2.6 million Euros ($2.9 million) in Ledger, a crypto hardware manufacturer.

With the additional capital it gives the France-based company a valuation of around $290 million.

A representative of ledger confirmed the information but could not provide more details about the deal and Samsung representative was not able to respond to a request for comment by press time.

The investment comes at a time when Pascal Gautheir was promoted to CEO and its former CEO and co-founder Eric Larcheveque become Ledgers Chairman.

According to Larcheveque there will always be a need for hardware wallets but for mass adoption to occur a smartphone will play a central role.

Samsung Developing Its Own Blockchain

It was revealed by an anonymous source that is familiar with the initiative that Samsung is currently working on building its own blockchain network and may issue their own token in the future.

The source also revealed that they are currently working on a private blockchain but may have a public version later on with a possibility of becoming a combination of the two, a hybrid blockchain.

Generally people are expecting that Samsung will soon create its own cryptocurrency, a Samsung Coin of sorts, but it has not been decided if the project will move towards that direction.

The blockchain task force of Samsung has been in active development for at least a year now according to the source and currently working on a number of projects.

It seems that the South Korean giant is moving ahead of competition in terms of blockchain adoption and cryptocurrency initiative, it would be interesting how competition will react to this development.

Japanese Crypto Guidelines Ready For Next G20 Meeting

It has been reported that Japanese regulators has already prepared a handbook offering guidance on cryptocurrency regulations which it plans to share with central bankers and finance ministers in the next G20 summit which will be held on Osaka this coming June.

Japan has been widely known around the world to be one of the most forward-thinking and crypto-friendly nation.

It has accorded cryptocurrencies legal status in Japan and has increase it agencies oversight of digital currency exchanges, which are now required to obtain operating licenses to do business in the country.

Because of these Japan will have tremendous influence over the agenda at the meeting especially on the topic of cryptocurrencies.

The handbook that Japan plans to share with its peers includes protection against cyberattack, customer asset safeguards, and standards for ensuring that customers receive the information they need.

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