Largest Cinema Chain In Thailand Accepting Cryptocurrencies

Thailand’s largest movie theater chain, Major Cineplex is said to be integrating cryptocurrency payments to allow customer to pay for its products and services with cryptocurrencies.

This is made possible with its partnership with Rapidzpay, a merchant point-of-sale system.

While it is not clear which exact cryptocurrencies the group will be accepting it must be noted that currently Rapidzpay is currently supporting Bitcoin (BTC), Bitcoin Cash (BCH), and Litecoin (LTC).

Chanya Tamrongweenichai, the director of marketing at Major Cineplex Group, states that Rapidzpay will expand to their other businesses and might lead the change for Thailand’s financial ecosystem to be cashless.

This comes after the Thai Securities and Exchange Commission announcement of allowing seven cryptocurrencies to be traded in exchanges in Thailand. These are BTC, ETH, BCH, ETC, LTC, XRP and XLM.

Spencer Bogart: Bitcoin Set To New Highs

Spencer Bogart of Blockchain Capital expressed his thoughts about Bitcoin in an interview with CNBC’s Fast Money.

He thinks that Bitcoin has already experienced the bottom and expect the rest of the year to be bullish that might lead to new highs.

The businessman also reveals that Bitcoin is just waiting to go higher for any number of reasons: Global currency war, trade wars, Exchange Traded Funds (ETF) approval and other reason that might serve as a catalyst that can send Bitcoin exploding higher.

Commonwealth Bank of Australia Uses Blockchain To Ship 17 Tons Of Almonds

The Commonwealth Bank of Australia (CBA) has announced the completion of a successful trade using a blockchain platform to consummate the deal.

This collaborative effort involves five domestic and international supply chain leaders and used blockchain to track 17 tons of almonds form Melbourne to Hamburg Germany.

The said transaction showed how distributed ledger technology, Internet of Things and Smart contracts could be leveraged to enhance many aspects of the supply chain process.

Moreover it shows the digitization of three areas of global trade: operations, documentation and finance.

Companies that were involved in this initiative are Olam Orchard Australia Pty Ltd, Pacific National for rail haulage, port landlord of Melbourne, Stevedore Patrick Terminals and shipping carrier OOCL limited.

Singapore Fintech Blockchain Remittance For Myanmar Migrant Workers

Everex is a Singaporean financial technology firm that has partnered with Myanmar’s Shwe Bank to introduce blockchain-powered remittance service between Myanmar and Thailand.

With this new partnership, millions of Myanmar migrant workers in Thailand can send money to their home country more efficiently and with less cost compared to traditional remittance methods.

As part of its services, Shwe Rural & Urban Development Bank (Shwe Bank) is working to foster financial inclusion for the underbanked population within its region.

Given this new remittance option the three million strong Myanmar migrant workers will not resort to crude and informal means to send money home just to avoid high fees associated to traditional financial channels.

Crypto Sold Out In Iran As Its Fiat Currency Plunges

The national currency of Iran, the Iranian Rial (IRR) is down 50% since April and continuously losing value as you read this article.

Following the US sanctions taking effect on August 7th things are expected to turn worse prompting its citizen to look for other store value other than their national currency such as dollars, gold or cryptos.

A cryptonian describes the situation locally as news are hard to come by describing things as turning from bleak to worse.

Gold is said to be being manipulated by the government and charges absurd fees on government minted gold coins.

Cryptocurrencies are all said to be all sold out including the ones that in cryptocurrency enthusiast parlance called “shitcoins.”

As a response, the government is said to be working to legalize cryptocurrency in a way to circumvent the impending sanction although there is no way to verify this statements they seem to be credible.

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