Further Details of ‘Offline’ Chinese Digital Yuan ‘Hard Wallet’ Emerge

The masterminds behind the digital yuan – the forthcoming Chinese central bank digital currency – have provided further explanation about a new “hard” wallet, which makes no use of smartphone technology. Per Tencent’s media arm, the hard wallet, which resembles a conventional credit card but for a digital LCD readout in its top right-hand corner that lets

China Pilots Phone-free Digital Yuan Wallet at Shanghai Hospital

The Chinese central bank, the People’s Bank of China (PBoC) appears to have green-lighted a “hard wallet” smartphone-free pilot for its forthcoming digital yuan. Per a Tencent news report, the pilot is being conducted in the staff cafeteria of the Shanghai Jiao Tong University School of Medicine’s Shanghai-based Tongren Hospital, where it began operating yesterday.

Dash announces new update, social payment wallet enters testnet

Dash Core Group has announced the release of new updates for the Dash platform as well as the DashPay smartphone wallet app. Dash has moved development work on the v0.17 of its platform to the testnet phase according to an announcement released on Wednesday.

Why you wouldn’t eat chicken nuggets, and why you shouldn’t trust Big Data

Do you really know how your data is used and monetized? If you did, you’d probably think twice about giving your personal details away so freely. Just like you might think twice about eating chicken nuggets once you see how they are made, you’d likely hesitate about volunteering your personal information once you see how it is used and monetized. Freedom has become one of the world’s most commoditized assets — and over the years, the internet has eroded it. We live in a world where we’re confronted with 5,000 words of terms and conditions when buying sneakers.

Sleepy Swiss town launches Tezos-backed Coronavirus aid program

The town of Wetzikon will be using blockchain tech for targeted local business aid On Friday the Swiss town of Wetzikon -- formerly best-known for its idyllic pastures and churches -- launched a blockchain-based program to support small and medium-sized local businesses affected by the Coronavirus pandemic. Valued at 250,000 Swiss francs ($280,000), the initial aid disbursement will be funded with a municipal credit line earmarked for the Coronavirus and will be distributed to the roughly 25,000 inhabitants of Wetzikon in the form of an eCoupon worth 10 Swiss francs.  Residents can access the disbursement through a smartphone app, “ecoo,” which will be using the aid program as a pilot trial for its platform.  According to their website, ecoo is designed to help entities such as governments and event organizers distribute earmarked funds in the form of coins and points, and was built on the Tezos blockchain through a collaboration between the Swiss firms Papers AG and multiple subsidiaries of Farner Consulting AG.  On the app residents will be able to convert their coupons into “WetziKoins” that they can later use to make purchases at local companies.

Huawei's new smartphone has a built in hardware wallet that supports China's CBDC

According to reports, the Chinese technology giant, Huawei has launched a smartphone that has a built-in hardware wallet for China’s Central Bank Digital Currency (CBDC). In a recent press confer The post Huawei's new smartphone has a built in hardware wallet that supports China's CBDC appeared first on AMBCrypto.

Huawei’s Latest Smartphone Comes with a CBDC Wallet for Digital Yuan

Huawei Mate40 Pro. China’s biggest smartphone maker Huawei has revealed that its latest flagship handset, the Mate 40, will come with a built-in wallet for the digital yuan – the nation’s forthcoming central bank digital currency. In a post on the official Huawei Weibo account, the tech giant wrote, “The Mate 40 series is the first smartphone that will support

New Huawei Mate 40 Phone Includes Hardware Wallet For Digital Yuan

The Huawei Mate 40 smartphone comes with an in-built wallet for China’s digital currency.

New Huawei smartphone will feature a hardware wallet for digital yuan

The Mate40 series will reportedly enable dual offline transactions and allow users to control anonymity. Huawei has announced that its forthcoming Mate40 smartphone series will include an integrated hardware wallet for China’s central bank digital currency, the digital yuan. This will be the first smartphone to feature such a wallet, according to an official Huawei post on Chinese microblogging website Weibo on Oct.

Cambodia Officially Launches Its State-Backed Digital Currency “Bakong”

The National Bank of Cambodia has announced an official launch of a national digital currency that would operate via smartphone apps.

Samsung Adds Anti-money Laundering Features to its Crypto Wallet

Major smartphone maker Samsung has integrated a cryptoasset anti-money laundering (AML) solution to help boost the security of its Blockchain Wallet, a function of its latest flagship handsets. Per a blog post from South Korean, Singapore-based software firm Uppsala Security, the company has signed a “Blockchain Service AML Integration Agreement” with Samsung and has

South Korean government agency to use blockchain-based employee ID system

South Korean public entities are becoming blockchain-friendly. The Korea Internet & Security Agency, or KISA, is the first public entity of South Korea to implement a blockchain-powered employee ID system through a smartphone app starting October. According to Yonhap, the agency will also issue tokens called “KISA Coin” to reward KISA’s best employees, enabling them to purchase snacks, beverages, and even office supplies. It

This Government Agency to Issue Staff with Blockchain IDs, Reward Tokens

Blockchain-powered employee authentication is taking off in South Korea – with a government agency doing away with smart cards in favor of smartphone-based solutions.

ICON app offers remote KYC for South Korea’s second-largest bank

Smartphone users in South Korea can open bank accounts remotely with KYC verification via an ICON-powered app. South Koreans will soon be able to remotely open bank accounts requiring KYC verification using only their smartphones. According to an Aug.

Samsung Phone Support for Gemini Exchange Can Further Crypto Adoption

Samsung and Gemini’s joint efforts may help to overcome some of the roadblocks facing the global adoption of cryptocurrencies. In a major new partnership, Samsung has announced that the Samsung Blockchain Wallet will be integrated with Gemini, a New York-based crypto exchange.

One Million South Koreans Now Have Blockchain Drivers Licenses

The program was only launched in May but already one million South Koreans have opted for a blockchain based license. One million South Koreans have foregone their physical drivers license in favour of a blockchain-powered digital alternative used in conjunction with the PASS smartphone app. This represents more than 3% of the entire driving population in South Korea, which sat at 32.6 million licensed drivers in 2019 according to Statista.

A Million South Koreans Now Using Blockchain-powered Driver’s Licenses

Over 1 million South Koreans have traded in their plastic driver’s licenses in favor of a blockchain-powered, police-issued smartphone-based digital alternative. Per Daily Kyungjae, the initiative allows drivers to identify themselves to police using barcodes or QR codes, as well as the blockchain-powered PASS smartphone app. The project won approval from the nation’s

Sirin Labs Founder Sued Over Unpaid $20M Factory Bill for Finney Blockchain Phone

The head of blockchain smartphone startup Sirin Labs, was sued over unpaid bills.

Mobile Crypto Scam Targets Wealthy Indian Investors

Scammers are going to greater lengths than ever to acquire other people’s crypto. A new cryptocurrency scam in India is targeting wealthy individuals using a fake mobile app. According to India TV News, cybercriminals are targeting high income individuals across India.