Headlines for the world of Cryptocurrencies - October 16, 2017
IBM Announced Partnership with Stellar Lumens for Cross-Border Payments Using Cryptocurrency
Announced today at Sibos 2017 conference in Toronto, Canada, IBM has successfully settled real transactions.
Currently, it is limited only to cross-border payments including British pounds and Fijan dollars but is designed to scale to handle seven fiat currencies in the South Pacific including AUD, NZD and Tonga pa'anga.
Howevver, the most distinguishing feature of the project is that it showcases how the use of public and private blockchain technologies in tandem are growing.
IBM's private blockchain solutions are designed to perform much of the process around transaction clearing while Stellar's blockchain will settle real transactions using lumens.
Stellar Lumens will serve as the digital bridge for fiat currencies enabling nearly instant exchange without the need of the buyer or consumer ever touching the cryptocurrency itself.
Russia to Issue Its Own Official Cryptocurrency – CryptoRuble
President Vladimir Putin of Russia has officially stated the issuance of the country's own cryptocurency, CryptoRuble at a closed door meeting in Moscow.
In the middle of this year there was already a plan that Russia will create its own digital currency.
Reports says that the CryptoRuble can not be mined but will be issued, maintained and controlled by the government alone.
The digital currency can be traded for regular Ruble at any time but if the holder can not verify the origin of the CryptoRuble, a 13% tax will be charged.
![](https://steemitimages.com/640x0/https://steemitimages.com/DQmcmtUEymc5Yxuijc7yeNUeEeRnzdseaDhZ3ueVrvjTHUW/DQmWgVyWDXW6Dp4ikbdNa1B3PXg19eL8z76DLfDhDphSuay_1680x8400.png)
Headlines for the world of Cryptocurrencies - October 15, 2017Canadian Securities Commission shows interest to ICOs and Cryptocurrencies / A £17M London Mansion is for Sale and Sellers will Only Accept Bitcoin Payment |
---|
Headlines for the world of Cryptocurrencies - October 14, 2017Ripple Offers a Unique Reward System for Financial Institutions that are the First to use RippleNet / Exodus Adds Bitcoin Cash and Ethereum Classic Support |
Headlines for the world of Cryptocurrencies - October 13, 2017Coinbase Announced that Users Can Now Buy Bitcoin, Ethereum and Litecoin INSTANTLY with US Banks / The US State Department is Currently Exploring How the Blockchain Tech could simplify Bureaucracy / bitFlyer has been Granted License as a Cryptocurrency Exchange in Japan |
![](https://steemitimages.com/DQmSNoALhMfZgp8nGNZmLAP6d34wamTJbQ3px4PHxMP13fU/2.png)
![](https://steemitimages.com/640x0/https://steemitimages.com/DQmUUFHGDpeuCHBaiaCxkWuWgeCvRFppEyMoxqZQPL5zWQw/4.png)
This post received a 41% upvote from @morwhale team thanks to @cryptowarrior88! For more information, click here! , TeamMorocco! . this is @originalworks . steem @steemprice BTC
$5627.76 USD/BTC
Volume: 81076.55 BTC ($456279015.79 USD)
Last Updated Mon Oct 16 08:00:07 2017
The @OriginalWorks bot has determined this post by @cryptowarrior88 to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
To enter this post into the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!
For more information, Click Here! || Click here to participate in the @OriginalWorks sponsored writing contest(125 SBD in prizes)!!!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!
This post was resteemed by @resteembot!
Good Luck!
Curious? Check out:
The @resteembot users are a small but growing community.
Check out the other resteemed posts in resteembot's feed.
Some of them are truly great.
Nice to see your post and its been great getting to know you @cryptowarrior88 :)
good work brother
You Are An Excellent Steemian. This post has received a 25.00 % upvote from @steemthat Return the favor and SteemThat Person Back: @cryptowarrior88.
.
Please Upvote This Comment To Help Me Grow!
This post has been verified as a quality post and received a 25.00 % upvote from @binkley thanks to: @cryptowarrior88.
.
Please Upvote My Comment To Help Me Verify More Posts.
good work mate