Roundup – 30/03/2019 – Russia Could Get the First Palladium Backed Cryptocurrency & more

Russia Could Get the First Palladium Backed Cryptocurrency

Russian billionaire Vladimir Potanin is planning to create cryptocurrency tokens backed by palladium, to launch several digital platforms for a more fluid transaction. Nornickel is likewise emerging with a similar platform to be used for internal transactions to enable testing of regulating blockchain-type systems by a single company, minus any impact to the broader economy, however, the launching has to be approved by the law.

Palladium has a variety of uses in various industries including dentistry, electronics, jewelry, catalytic and photography. Alrosa merged the pilot of “Tracr” shaped by industry giant De Beers. Tracr aims to improve transparency and consumer trust across the diamond value chain from mine to retail.

2gether – Spain’s First Visa Crypto Debit Card

The company 2gether allows its customers to pay with cryptocurrencies. The use is as simple and fast as a regular debit card. The card is available in 19 countries of the Eurozone.
The Spanish startup 2gether has announced the successful launch of its crypto debit card. The card allows flexibility in payment. Users can charge the card with Euro, Bitcoin or six other Altcoins. Those are by name Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Eos (EOS), Stellar (XLM)) and Litecoin (LTC).

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IEEE: Blockchain Can Protect IoT

According to an IEEE report, Blockchain technology can be useful in the Internet of Things (IoT) applications to protect devices. This use-case can greatly enhance Blockchain technology’s market penetration and also revolutionize the industry by giving potential users confidence in regards to security needs. IoT hit the market a few years ago with a buzz and there was a lot of interest in the technology from across many industries. However, hacking attempts of IoT systems are on the rise where several of them have been successful; a fact that is threatening to slow down its implementation.

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