Noticias Crypto

Celsius Network to Manage Funds for United Nations Initiative

freotech 0

The Celsius Network has become a founding member of the SDG Impact Fund within the United Nations’ Sustainable Development Goals initiative.

Decentralized lending and borrowing platform Celsius Network will manage the Sustainable Development Goals Impact Fund (SDG Impact Fund) within the United Nations Sustainable Development Goals initiative, according to a press release Publicado Septiembre 21.

The Sustainable Development Goals is an international program focused on bringing a “better and more sustainable future for all.It addresses global challenges such as poverty, inequality, climate change, environmental degradation, prosperity, and peace and justice. The initiative aims to achieve a series of targets by 2030.

Per the announcement, the SDG Impact Fund will be launched by financial services firm Fifth Element with the aim to raise several hundred million dollars and deploy them in both fiat and digital format using a public blockchain. The fund will purportedly be the first to accept and operate all forms of crypto and digital assets in compliance with the UN Sustainable Development Goals.

Within the partnership with Fifth Element, Celsius Network is reportedly looking to “bring power back to the peopleby providing banking services typically reserved for top tier asset owners. Celsius CEO Alex Mashinsky said thatby offering earned interest rates up to 7.1 por ciento, we allow individuals to make the same passive income Wall Street has been making for years.Scott Stornetta, adviser to Celsius, commented:

“We see a great opportunity to use this technology to deliver the value collected by different U.N. organizations in a more precise and effective way to the people and organizations that need it most.

In February the United Nations International Children’s Emergency Fund (UNICEF) embraced cryptocurrency by starting a charity drive for Syrian children, asking PC gamers to use their computers to mine Etereum (ETH) and donate their earnings. Later in April, UNICEF Australia also anunció an initiative that allows users to give their computer’s processing power to mine cryptocurrency for charity.

Página de inicio Noticias Crypto Korean Mobile Carrier LGU+ Launches Blockchain-Based Overseas Payment System
[WP-sigilo-ads filas ="1"]
Korean Mobile Carrier LGU+ Launches Blockchain-Based Overseas Payment System
0

Korean Mobile Carrier LGU+ Launches Blockchain-Based Overseas Payment System

0
0

Korea’s LG UPlus is launching a blockchain-based cross-carrier overseas payment service along with Far EasTone, SoftBank and TBCASoft.

South Korea’s LG UPlus, a mobile carrier owned by the country’s fourth largest conglomerate LG Corp., is launching a blockchain-based cross-carrier overseas payment service, Korea Times informes today, Septiembre 16.

Last Thursday, Septiembre 13, LG UPlus had signed an MoU to develop the new service alongside three global partners: Taiwan-based Far EasTone Telecommunications, Japan’s SoftBank, y ESTADOS UNIDOS.-based TBCASoft. Through the new service, users of one telecoms carrier will be able to frictionlessly complete transactions on the payment networks of another.

According to the Korea Times, the first trial of the LG UPlus partnersblockchain-based cross-carrier payment system (CCPS) is slated for the beginning of 2019.

CCPS will reportedly deploy blockchain to enable a prompt settlement mechanism in cross-carrier services. This will mean that users can avoid fees on overseas credit card transactions, and are insulated from the effects of fluctuating foreign exchange rates as they are ultimately billed through their carrier in their home currency.

For example, the service will allow LG UPlus Korean subscribers to purchase retail goods when using their cellphones in Taiwan and Japan, while Far EasTone users from Taiwan will enjoy the same convenience in Korea and Japan.

Ling Wu, founder and CEO of TBCASoft, told the Korea Times that the cross-carrier payment system is the first in a planned series of telecoms-specific blockchain-based solutions, noting that systems designed for “identity and authenticationare next.

Far EasTone, SoftBank, and TBCASoft are all among the initial founding members of the Carrier Blockchain Study Group (CBSG), a global blockchain consortium of telecom carriers that launched in late 2017. As reported earlier this summer, CSBG has recently unveiled the creation of a new blockchain working group that will focus on global remittance services, as well as adding six further major global telecoms firms to its ranks.

Just last week, Softbank unveiled a new proof-of-concept (PoC) in partnership with Synchronoss Technologies and TBCASoft to use CCPS to allow users to conduct peer-to-peer money transfers globally using legacy messaging services such as SMS and email.

[WP-sigilo-ads filas ="1"]

DEJA TU COMENTARIO

Su dirección de correo electrónico no será publicado. Campos requeridos están marcados *

[WP-sigilo-ads filas ="1"]