Scaling Ethereum to Billions of Users

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Fred Ehrsam published a great article today on the likelihood of scaling Ethereum out to billions of users (well, transactional computations) that is well worth a read.

It’s one of the challenges that I have been contemplating for a long time. I’m not sure that Fred has all of the answers but his theory is definitely on the right path. It’s a great article to read.

See the full article here.

Money 20/20 Europe: OT-Morpho Unveils Biometric Payment Card

“In a statement announcing the biometric smart card, OT-Morpho emphasized its use for everyday EMV payments…”

OT-Morpho has officially announced its biometric payment card solution at this week’s Money20/20 Europe expo.

Money20/20 Europe: OT-Morpho Unveils Biometric Payment CardThe card features NFC technology for contactless payments, and is EMV compliant. Of course, the standout feature is its embedded fingerprint sensor, with the card using OT-Morpho-developed algorithms to confirm the cardholder’s identity, and biometric data stored securely on the card.

In a statement announcing the biometric smart card, OT-Morpho emphasized its use for everyday EMV payments, but also noted that could be used to “help governments distribute social benefits, knowing that they reach no one else than the eligible (proof of life) citizen.”

The company did not mention the source of the card’s fingerprint sensors, but it’s worth noting that Mastercard’s trials of biometric payment cards earlier this year used a fingerprint sensor provided by IDEX together with technology supplied by Safran Identity & Security, which has since merged with Oberthur Technologies to form OT-Morpho.

Source: MobileID World

BIT.AC to Support 22 New Cryptocurrencies

The multi-currency crypto wallet BIT.AC has announced the support of 22 new cryptocurrencies.

The new list of coins includes Gnosis, Golem, Iconomi, BAT, Xaurum, Edgeless, Trustcoin, Pluton, Augur, iExec, Melon, Wings, Singular, Aragon, FirstBlood, vSlice, Time, TokenCard, BCAP, Guppy, Lunyr and TAAS. In addition, BIT.AC enables users to instantly convert one type of cryptocurrency into another.

The platform uses “cold storage” technology to protect servers from the risk of external intrusion. In addition to web-based wallets and instant exchange platform, BIT.AC also offers Android application for mobile users.

dLocal Integrates WeChat Pay, AliPay and UnionPay

dLocal has announced that it supports payments through WeChat Pay, AliPay and Union Pay on its platform.

Together, the three online payments providers cover 70% of the Chinese market which had a value of USD 2.9 trillion in online payments in 2016. The new integration allows merchants on the dLocal platform to reach 300 million Chinese consumers.

The company’s payments platform supports over 200 local payment methods used in emerging markets in APAC, Latin America, Eastern Europe and the Middle East. dLocal supports local credit cards, cash payments, and bank transfers in each region. Merchants that accept payments through dLocal can enable WeChat Pay, AliPay, and Union Pay with just one click.

The cross-border ecommerce market in China is booming. According to Boston Consulting Group, Chinese consumers spent about USD 750 billion online in 2016 and the ecommerce market will continue to grow by 20% annually.

Apple Pay Expands Widely in Russia

Apple Pay launched in Russia last month in partnership with Sberbank for MasterCard cardholders, and today the mobile payments service has expanded to nine additional financial institutions in the country.

Today’s additions include Tinkoff Bank, Bank Saint Petersburg, Raiffeisenbank, Yandex.Money, Alfa-Bank, MTS Bank, VTB 24, Rocketbank, and MDM Bank. Russian Standard Bank is listed as coming soon. The banks, just added to the regional Apple Pay website in Russia, support Apple Pay as of November 1.

apple-pay-russia-banks
Eligible cards can be added to Apple Pay by tapping “Add Credit or Debit Card” in the Wallet app on iPhone 5 and later running at least iOS 8.1.

Participating retailers include ATAK, Magnit, Media Markt, Auchan, Azbuka Vkusa, bp, M.Video, TsUM, authorized Apple reseller re:Store, and elsewhere contactless payments are accepted. Burger King is also listed as a future partner once it implements contactless payments infrastructure in the country.

Apple Pay is currently available in the United States, Australia, Canada, China, France, Hong Kong, Japan, New Zealand, Russia, Singapore, Switzerland, and the United Kingdom. Apple Pay vice president Jennifer Bailey has said Apple is “working rapidly” to expand the service to additional countries in Asia and Europe.

 

Source: MacRumours