Hitpay, the leader in providing crypto solutions is planning to take the crypto industry by storm with its full-fledged crypto wallet that has support for multiple currencies.

It aims to help people in optimal leveraging of the benefits of cryptocurrencies with this multi-currency innovation soon to be onboard.

The solution is designed keeping in mind the modern digital needs of the users and hence lets them store and gauge a number of different currencies a user owns in a secure, exclusive, and smart way.

The release will improve the user’s accessibility and its expanse in the arena of the crypto world, letting them garner the massive capabilities of cryptocurrencies.  The unique artificial intelligence mechanism will strengthen a user’s grip and control in the payment market. HitPay has a unique AI bot known as HitMan AI that does random trading, making profits for users.

Cryptocurrency ever since its inception, has taken various evolution paths contributing exponentially to every nation’s economy and finance. But let’s face it, the road was and is still full of unbridled challenges ranging from security to governance.

One of these hurdles is the ability to handle multiple currencies on a single platform efficiently without hassle.

A number of solutions and recommendations had been made in this regard, but none of them could stand up to the needs of the customers. HitPay has managed to resolve this one aspect of cryptocurrencies with its multi-currency management feature to a great extent.

The wallet can be used by every category of users, including the ones using cryptocurrencies in their transactions or are simply owning the cryptocurrencies.

HitPay wallet is incorporated with support from different cryptocurrencies like Bitcoin, Litecoin, Bitcoin Cash, Ethereum and more. This has let the transaction take place faster quicker and much safer. The wallet also enables users to exchange, send, or receive cryptocurrencies instantly in a single user account while adhering to the nature of the blockchain technology that is of utmost privacy, security, and anonymity.

This is not it. HitPay features some more unique benefits like free accounts with multi-cryptocurrency support accessible all the time from any corner of the world and on any modern devices like web and mobile apps.

The HitPay also has an extensively secured and strong service in-demand that lets customers minimize the efforts they spend on governing their crypto assets. It makes the usage transparent and hence, much more reliable and user-friendly.

The verdict clearly be stated as, the platform is simply great for people inquisitive about cryptocurrency trading and investments.

Dubai’s Driven Properties has come up with a new solution that will make it easier for customers to pay for properties. The company announced that it is now going to accept payments in Bitcoin from customers. Driven Properties noted that when it comes to making large transactions through a bank transfer or a credit card, confidentiality becomes a major issue with many customers. However, payments through Bitcoin will allow customers to make payments quickly and also protect their personal information.

It is a radical new approach from Driven Properties, and it remains to be seen if it proves to be successful. There is very little support for cryptocurrencies in Dubai, and hence, people have found it difficult to rent or purchase properties using cryptocurrencies. In addition to that, there are other issues to consider. The delays associated with crediting money into the account, the transaction fees charged by the banks, and lack of privacy are some of the biggest problems for many buyers. A Bitcoin transaction, on the other hand, does not suffer from these problems. Additionally, travelers to Dubai can also use this service from Driven Properties and protect their privacy during their stay.

Driven Properties’ CEO spoke about the rationale behind the move. He said,

In the Dubai real estate market, digital currency such as bitcoin is yet to hit the mainstream as a payment method. Therefore, we have decided to include cryptocurrencies to allow everyone to pay for real estate property without having to consult his or her bank or call any accounting officer.

Driven Properties is involved with some of the best-known luxury properties in Dubai, and the emergence of this payment method gives everyone a chance to rent or buy these properties.

It will be a particularly useful payment method for the traveler and foreign nationals who stay in Dubai on business for a few months. A property agent spoke about this development as well and seemed to welcome the move from Driven Properties. He said,

They are volatile digital currencies with the price variation determined by users and miners. Adding to that, transactions in cryptocurrency are quick, simple, and attract fewer charges. Therefore, we have decided to support bitcoin as a payment method.

Recently, PayPal has invested $6 billion and purchased Honey, an e-commerce browser plugin from Honey Science Corporation.

Honey is an excellent extension to the browsers that notify all the deals to the shoppers, such as coupon codes on various products in different e-commerce websites like Amazon. The plugin helps in tracking the prices of the products, and after comparing it, a shopper gets sales alerts and price history charts. Honey Gold is a rewards program in this plugin.

According to the reports, there are 17 monthly active users of Honey extension and now, PayPal and 300 million users of its subsidiary Venmo have connected with it by investing a large amount of $6 billion. Honey is used as a plugin on 30,000 e-commerce sites by 17 million shoppers.

PayPal is aiming to use the data of Honey on the shoppers to crack the deal and compete with other payment providers like ApplePay, etc. With the integration of Honey, it will help PayPal and its network of 24 million users.

The CEO of PayPal, Dan Schulman, said that in the entire history of PayPal, it is the most significant decision to acquire Honey. There are many services provided by Honey to make the consumer shopping experience easy in an affordable and rewarding way. The integration of the extension will add more value to their platform.

It is profitable to have Honey as it had revenue of $147 million in 2018, with $47 million of funding. It is one of the leading tech acquisitions of 2019 in the market as it is providing high value to other businesses as well.

PayPal is growing rapidly that the CEO, Schulman, pointed towards the better-than-expected Q3 2019 numbers and spend a lot of amounts to weaken the recession thing by its customers.

After considering the problems like Brexit, impeachment proceedings against Donald Trump, and the trade war between the US and China, Schulman said that there are many ways to break them. He continued that they are looking for strong secular growth as per their perspective. According to the people, they have been expecting a recession for some time, but they are predicting such things. According to the journal, 64% of economists polled for the Economic Forecasting Survey that is expecting a recession by 2021.

Recently, PayPal also bailed Libra digital currency by Facebook and made a statement that if finance regulators and legislators across the world allow a consortium of Facebook to create a planet-spanning payment network, then it will destabilize the financial system of the world.

Bank Mandiri, one of the largest Indonesian banks, has launched a new Customs Management service in collaboration with Wirecard. The service is a payment integration with the Indonesian DJBC, the Directorate General for Customs and Excise. It is anticipated to help corporate users execute customs and excise transactions.

The service is accessible to the Banks’ 27,000 corporate customers enabling them to streamline Customs and Excise payments.

SVP Government and Institutions at Bank Mandiri, Dadang Ramadhan said that,

“In addition to providing the best possible financial services to our customers, we are committed to supporting Customs and Excise by meeting the financial needs of the Directorate General. 53% of customs and excise payments are already carried out through our MCM channel. Through our cooperation with Wirecard, we expect to further increase the overall use of MCM.” 

The new service around Custom management incorporated inside the Mandiri Cash Management solution is supported by Wirecard technology and provided to all the active corporate customers of Bank Mandiri. The solution lets the users carry out a number of different errands besides transactions like liquidity supervision, web foreign exchange, etc. It caters to the value chain of a full-fledged cash management service in a simple and customizable user interface.

This new setting can be rightly considered a result of DJBC integration with the bank on open APIs. It enables corporate users to look up for DJBC invoices, validate their billing stature and transact everything in a single cycle.

It will not only enable users to have access to real-time information about their accounts but also avoid redundant payments and expedite transaction time and enhance the efficiency of the transaction process.

Oliver Quadt, Managing Director Indonesia & VP Business Integration Asia at Wirecard, added,

“We are proud to support Bank Mandiri, one of the largest financial institutions in Indonesia, in their digital journey. We are delighted that Bank Mandiri has chosen us as their technology provider for corporate solutions, and are confident that the solutions we are providing together will continue exceeding the expectations of Bank Mandiri’s customers.“

With Bank Mandiri’s cross border expertise, Wirecard succeeded in developing an explicit solution keeping in mind the needs of Asian banks that are looking to expand their online banking operations to businesses and corporations. Wirecard already holds a reputation as a market leader in software solutions for corporate banking in Indonesia. The solution can mark a turning point for the financial situation of the bank as well as the nation as a whole.

Sixgill LLC has been reigning the data automation and authenticity products market since its inception. Now it is all set to launch a blockchain-based data authenticity solution under the name Sixgill Integrity™ 1.0. This authenticity solution is all set to fulfill the most critical data authenticity needs of the enterprises with its robust potential that can monitor the veracities of any kind of data streams.

The need for data authenticity has been manifold. The massive data processing in the Cloud network has not been free from intrusions. Therefore, the present crisis demands something that can assure data security beyond any limits and what else can provide the maximum protection from data vulnerability than blockchain technology. Sixgill experts tried to transform this vision into the reality of creating a blockchain-based data authenticity solution and this gave birth to Sixgill Integrity.

Integrity is a lot different and superior as compared to other data security offerings available. The basic difference lies in the fact that Integrity integrates DLT, which is the distributed ledger technology imbibed in the blockchain technology, with the modern distributed data system. The robust architecture of Integrity that combines the immutable properties of the private/public blockchains with the off-chain and on-chain data layers makes it possible. DLT makes it easier for Integrity to use cryptography and blockchain in authenticating the origin of the data completely. It also helps in verifying the data content and data chronology.

However, instead of using the normal blockchain technology, Sixgill chose the hybrid on-chain and off-chain architecture of blockchain technology. With such an implementation, Integrity is very hopeful about the project and as such, it believes that the organizations will be highly benefitted on aspects like security, transparency, and immutability of both the public and the private blockchain networks.

Pirelli has unveiled a smart tire called the Cyber Tyre, which can communicate with a 5G network, and pass on real-time information about the road conditions to both the car driver as well as the network. The car driver can take remedial action as per the data received. The 5G network will pass on the data to other car drivers in its vicinity. Thus, if there are big potholes on the road, water clogging, or snow-covered road, and even in pitch darkness, car drivers can get prior information about such risks before-hand and take corrective action. The smart tire can also transmit information about speed breakers so that speeding motorists can slow down their cars and prevent accidents.

The Cyber Tyre will be a boon for motorists who are clueless about the condition of roads they routinely use, after rains or snow. While corrective action can be taken for fog as the driver will not be able to see and hence, will naturally drive slowly, snow and rain are much trickier. Thus, prior real-time data can be very helpful in preventing accidents due to skidding and slipping of cars in rain and snow.

Pirelli collaborated on the Cyber Tyre project with Ericsson, Audi, Tim, Italdesign, and KTH. The team behind the Cyber Tyre recently gave a real-life demonstration of how a car equipped with the Cyber Tyre and connected to a 5G network passed on information about the water-filled street to the car behind it whose driver took corrective action to avoid the water.

Pirelli has claimed that the Cyber Tyre is the world’s first 5G enhanced ADAS service enabled tire.

The Cyber Tyre’s sensor will be upgraded to record several parameters like kilometers clocked, dynamic load, and to suggest corrective actions to avoid potential dangers like water-clogging or potholes.

In the future, the input from the Cyber Tyre will be processed by the car itself, which will recommend necessary changes in speed, etc. to the driver. It will greatly improve comfort and safety.

Indonesian multi-finance company Indosurya Inti Finance today announced that it has managed to raise 50 million Euros worth of funding credit facilities. The money has been raised from two globally renowned institutions; the Netherlands-based FMO and Proparco, From France. However, the important bit about the development is that the money is going to be used to finance a wide range of small and medium enterprises in Indonesia.

Indosurya is going to be involved in providing SMEs in Indonesia with working capital loans. Additionally, it will also provide those businesses with Indosurya products that could improve business operations. On the other hand, it should also be noted that finance companies in Indonesia are currently going through liquidity issues. The fact that Indosurya managed to get a credit facility from two renowned institutions is an indictment of its capabilities as a business.

Both FMO and Proparco have been long term advocates of financing SMEs in developing countries. The SME sector is one of the most important constituents of the Indonesian economy and contributes as much as 57% to Indonesia’s annual GDP. Due to this credit facility, Indosurya will now be able to provide financing support to as many as 400 SMEs in the country.

Indosurya Finance’s CEO, Henry Surya, spoke about the company’s targets with regards to its SME push. He said,

“Our target for channeling financing for SME entrepreneurs in Indonesia through these credit facilities must be achieved within one to one-and-a-half years.”

It is a significant development, and it remains to be seen how the finance company boosts the SME businesses in the country.

Supply chain marketplaces and payments company Tradeshift has moved on to new premises in downtown Bucharest. The move to larger premises signals the company’s continued expansion in Romania. The new office of the company is located in the Tower Center, which is regarded as one of the most highly sought after locations in Bucharest for businesses. The latest move is an indication of the sort of growth that Tradeshift has enjoyed in Romania so far.

The company has also grown at a global level over the past few years. Since June last year, the number of employees at its Bucharest office has risen by as much as 100%. In total, 144 employees have been added to the operations in Bucharest. Since the staff strength has increased to such a degree, the move to new premises had become necessary. The new office will be able to accommodate all the developers, finance, and human resource professionals.

Oana Apostol, Tradeshift DevOps Engineer, Bucharest, spoke about the company and its aims. She said,

“Tradeshift is quite unlike any other tech company present in Bucharest. Employees are empowered to bring forward ideas and work on their own projects, I am encouraged to think for myself, and creativity is highly valued within the organization.”

The company’s operations in Bucharest have become highly important over the past year.

It is the hub of Tradeshift’s app development and cloud operations, which lie at the core of the business. Tradeshift’s Talent Acquisition Head, Eric Knauf, stated that Romania has proven to be an excellent source of talented individuals who have helped the company immensely. The new Bucharest office has also lined up a series of Developer Meetups over the next few months.

Karatbars, a German Cryptocurrency firm that sells “Cryptonized gold” tokens, has been ordered to stop operations by German government banking regulator BaFin, over allegations that it was running a pyramid scheme.

BaFin issued a cease-and-desist order to Karatrbars parent firm Karatbit Foundation, which is registered in Belize. BaFin also asked the firm to settle all outstanding claims.

Karatbars also had a cryptocurrency, KaratGold Coin (KBC), which was used to buy tokens. Seiz claimed to have sold KaratGold Coins worth $100M.

Like regular cryptocurrency firms Karatbars also had an affiliate program where it gave commission to affiliates for bringing more affiliates.

Unlike other cryptocurrency firms, Seiz claimed that the company’s assets included a mine in Madagascar, which held gold worth £772M as well as a “Cryptocurrency bank” in Miami. Seiz claimed that these assets backed up his tokens.

Seiz persuaded footballers like former German captain Lothar Matthäus, Patrick Kluivert, and Roberto Carlos to promote Karatbars. He also boasted of presenting Lamborghinis and other luxurious items to affiliates.

Things started to unravel in May this year when Namibia branded Karatbars, a pyramid scheme, and then Florida’s financial regulator rejected the company’s application for a banking license. South Africa’s financial regulator asked the public not to deal with Karatbars.

Seiz had claimed the gold mine he owned in Madagascar was named Fort Dauphin, but an online mining tool revealed that there was only one mine in that area, and it held only titanium and zircon reserves.

After this, Seiz went back on his earlier claim and admitted that the company only owned some shares in a mine in Madagascar.

It is pertinent to note that even Bitcoin faucet have revenue models in that they pay a fraction of what they earn from advertising back to the buyers. Thus, when a firm like Karatbars, which deals in a precious metal like gold, is found to lie about its very foundations, investors have every right to feel cheated.

Seiz has claimed that KBC was never sold to German customers and was only given as a bonus gift. He also claimed that the information on which the BaFinn order collected from a fake Karatbars website.