Philippines approve PDAX exchange
PDAX exchange is the first crypto exchange in the Philippines that was specifically designed for the Filipino crypto market. Available for trades will be Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC). Lately, Filipinos have adopted more and more cryptocurrencies as the Filipino Peso hit a 6,4% inflation rate. The highest inflation rate in the country in several decades. The Philippines suffer from the worsening trade relations between China and the USA. As of now, the administration of the Philippines sees cryptocurrencies as beneficial for society.
Biggest French Football Club adopts crypto
Paris Saint Germain, one of the biggest football clubs in Europe, will issue its own cryptocurrency. PSG officials announced an official partnership with the Maltese blockchain startup Socios. However, the cryptocurrency will not serve a monetary role. Instead, the currency will be used to process votes on non-strategic issues. An example was that PSG supporters could vote for designs on the club’s jersey for example. The cryptocurrency will process such votes in a transparent and fast manner. As of now, technical details about PSG’s currency are not available.
Blockchain cruise full of debates and rivalries ended today
Coinsbank organized the Blockchain cruise (7th September – 11th September) and it featured many prominent speakers such as John McAfee, Charlie Lee, Jimmy Song, Roger Ver, and Tone Vays. Naturally, the event was full of confrontation and even accusations on- and off-camera. We reported about one in more detail that Charlie Lee started with his presentation about the intrinsic value of Bitcoin. The rivalry between the two Bitcoin forks BTC and BCH sparked, of course, the biggest controversies.