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Samsung Pay and Finablr Announce Cross-Border Payments Partnership

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Samsung

Finablr PLC, a global platform for payments, and Samsung Electronics America today introduced the Money Transfer feature in Samsung Pay. This new in-app international money transfer service, a first of its kind in the U.S., offers users seamless and secure cross-border payments to 47 countries through a variety of payout methods, all within Samsung’s native mobile wallet. The service combines Samsung Pay’s convenience, scale and security with Finablr’s international reach and 40 years of cross-border payment expertise to put mobile payments into the hands of millions of consumers.

Samsung Pay users in the U.S. can use their existing eligible pre-registered debit or credit cards in Samsung Pay to safely and securely send money in most major currencies to their recipients via Finablr’s global network. The service leverages Finablr’s global reach and distribution capabilities, providing a wide choice of payout options tailored to the preferences of the recipient – from bank deposits to cash available for pick up. This partnership marks a significant collaboration between Samsung and Finablr to launch such a service with global scale.

Money Transfer is powered by Finablr group company, Travelex, and offers Samsung Pay customers:

  • Convenience – The service gives users the ability to send money seamlessly to their recipients through a variety of digital and physical payout methods in 47 countries, with just a few taps on their phone. Consumers simply open the Samsung Pay app and the tools are right at their fingertips.
  • Transparency – With this service, all fees and exchange rates are included upfront so users know how much they will pay before securely transferring funds.
  • Security – Finablr’s network of trusted brands, including Travelex, with its 40 years of experience in cross-border payments, and licensed by over 100 regulators globally, bring security, reliability and peace of mind to the Samsung Pay users of this feature, which uses tokenized credentials and is backed by Samsung Knox security.

“Our consumers are global and have friends and family around the world. Samsung is excited to enable users to send money from the US to the rest of world by making it simple, secure and transparent,” said Sang W. Ahn, Vice President & Division Head, Content & Services, Samsung Electronics America. “Money Transfer is a first step in our vision to evolve Samsung Pay into a platform that makes users’ financial lives more convenient. The range of services in Samsung Pay, developed in close collaboration with industry leaders such as Finablr, positions us to positively impact consumers’ everyday financial experiences.”

Promoth Manghat, Group Chief Executive Officer at Finablr, commented, “We are delighted to be partnering with Samsung to launch this new in-app cross-border payments capability. Underpinned by our integrated technology platform, this service demonstrates our ability to drive payments innovation. Combining our industry-leading network and pioneering technology with Samsung’s leadership in the mobile device market, allows us to innovate at a scale that is unique in the US$127 trillion global cross-border payments market. This partnership advances our mission to meet the evolving needs of financial consumers and further strengthens our position as a partner of choice for global payments and technology companies.”

Technologies

CryptoUniverse: We get profit when you get profit

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CryptoUniverse

We could not wait to present you the first part of the huge transformation. CryptoUniverse is always trying to reach the highest level of transparency, so you can feel every hash/second is running near you, but without any noise, heat or space taken from your home.

Let’s start the introduction from the main one. Meet the new balance management system. Collected experience and vision allowed us to make the step forward. From now, every account will have its own balances for different purposes in our ecosystem that you can easily manage as you want from the new page called “Balances”. This unique feature comes with a reworked electricity payment system. We made it as similar to your usual life routine as possible. All assets are still pre-paid, but you can fully control it within the new balance designed for electricity that is simply called “Electricity account”. There you will find not only the amount required to pay, but also real numbers of electricity in kilowatts consumed by any of your assets.

CryptoUniverse wants you to have access to as many instruments as possible.That is why we added the opportunity to make flexible and fixed savings not only in BTC, but in LTC too.  It grew by 500% in the last 6 months, so we all see again what results diversification can give. Beneficial and safe storage of your assets is one of our priorities.

New miners and contracts push your frontiers too. From now, the fee of our service is calculated in percents and is related to your mining income. It shows that we are interested in making mining as profitable for you as possible.

New instruments complicate user experience for some of us, so we thought it would be great to outweigh it by a significantly improved dashboard. Recent update includes a reworked “Dashboard” page and a new “Assets” page that can be used for managing and monitoring your assets in several clicks. There are dozens of other minor improvements, but we offer the intrigue to find it by yourself.

Our team worked a lot to make these changes possible, so we are pleased to hear any feedback on your experience with dashboard in social media or in support. To make your acquaintance more intense, use promo code GETPROFIT21. It provides you with a discount on our recent miners and contracts.

This is just the beginning, so keep an eye on it. Thank you for being with us.

About CryptoUniverse

CryptoUniverse.io is a multifunctional service created on 14 February, 2017. It gives users an opportunity to purchase or rent calculating power and equipment on its infrastructure. Company is based in Europe with headquarters in the United Kingdom and Estonia that guarantees operation within the European Union law and safety of users’ assets.

In Russia the company and its technical partners operate several clusters of modern data centers with an overall area of 38 000 square meters and more than 120 MW of overall power. It makes the services of CryptoUniverse.io high-quality and uninterrupted.

Main idea of the project is a simple and available opportunity to enter cryptocurrency mining by purchasing or renting calculating power. The service is also interesting for experienced miners because well-established logistics gives them an access to top-notch equipment that is already installed, tuned and ready to function in data centers of the company. Transparent operation and flexible offers to make clients experience comfortable are the main values of CryptoUniverse.

CryptoUniverse team is full of highly qualified professionals who polished all the processes, made service easy and convenient. 24/7 support extends boundaries for users who are not familiar with blockchain technology.    

CryptoUniverse. You buy, we pay.

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Technologies

QUICKOM Releases Unrivaled End-to-End Encryption Meeting Platform for Enterprises

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Beowulf

QUICKOM by Beowulf, the global leader for decentralized cloud communications, today announced the release of the groundbreaking end-to-end encryption solution for enterprise communications. Built upon a reimagined and reengineered architecture, this QUICKOM release provides enterprise customers with an unrivaled end-to-end encrypted video conference suite, which allows them to host meetings on their own servers or data centers.

With this security offering, QUICKOM is committed to helping organizations – especially highly-targeted critical industries with strict regulatory compliance including finance, healthcare and governmental agencies – fight the rising threats of eavesdropping and attempts to steal sensitive meetings data, which have been rife throughout the global pandemic.

The platform gives enterprise customers the ease and scalability with the complete control, security and privacy of a self-hosted solution on their own servers or data centers. Corporate employees will enjoy the capability to communicate and collaborate with up to 1,000 participants on a single video meetings call, while also being able to collaborate, organize schedules, share files and much more, knowing their meetings data will be secured and protected from external cyber threats.

“It is incredibly important for us to create a product that is truly end-to-end to protect the user’s private communications. Our policy is very simple: your communication data should be confidential, and it should be protected by your organization with no chance of being eavesdropped by the service providers. Companies that exploit user data and violate their privacy policies will surely be on the wrong side of history, and we’re contributing our part to providing an alternative to these practices,” Beowulf CEO Dr. William H. Nguyen said.

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Technologies

Storj Labs Helps NEM, IoDLT Improve Sync Times for MongoDB by 15x

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nem

Storj Labs today announced an integration with NEM to accelerate sync times for the NEM Symbol platform, improving the performance of connecting new nodes to the network and analyzing blockchain data. The solution—which was built by NEM partner IoDLT—leverages the native MongoDB integration that allows users to easily store data on the Tardigrade decentralized cloud storage service.

IoDLT specializes in creating an affordable internet of things (IoT) solution that leverages the power of the NEM blockchain. IoDLT operates a Symbol node and the team noticed that as blocks are added, which increases the amount of data on the blockchain, it becomes increasingly difficult to sync a full node in a reasonable amount of time. To solve this problem, IoDLT configured MongoDB snapshots to be sent to Tardigrade, making it much faster to quickly rehydrate Symbol’s API state to any location across the globe, improving accessibility.

“By using Tardigrade to store and distribute the MongoDB snapshots needed to set up a Symbol node, the process is reduced from 44 minutes to 2-3 minutes, an almost 1,500% improvement,” said Bader Youssef, IoDLT Chief Technology Officer. “Our team is proud of the Tardigrade integration we built and we’re looking forward to seeing how NEM community members and users take advantage of these new benefits from Tardigrade.”

NEM’s Symbol is a distributed ledger technology (DLT) built by NEM developers that is designed to deliver high throughput, accelerating sync times for new nodes, data analysis, and reducing costs for node operators. Symbol extracts NEM blockchain data into a MongoDB instance, which greatly improves accessibility. By pushing these MongoDB snapshots to Tardigrade—Storj Labs’ decentralized cloud storage service—NEM can make the data even more accessible by leveraging the service’s decentralized architecture.

Tardigrade’s decentralized architecture makes it a great place to store large datasets that are downloaded from many different locations, such as blockchain data. With nearly 9,000 nodes located around the world, Tardigrade has a very wide distribution, making downloads fast even from remote locations. The platform has been designed to easily integrate with an array of open source software partners including MongoDB.

“To drive wide adoption of blockchains, we need to greatly accelerate their speed and scalability and our team has made this a top priority for NEM,” said Dave Hodgson, Chief Investment Officer at NEM Group. “We’re excited about this community-led integration with Tardigrade by IoDLT, as it supports the ecosystem’s performance goals, while also adding to our decentralized infrastructure. By leveraging new technologies, approaches, and working together with robust projects like Storj to solve some of the biggest challenges in the blockchain industry, we will help drive broader adoption.”

Every file uploaded to Tardigrade is end-to-end encrypted by design, erasure-coded for redundancy, and stored across 80 uncorrelated end-points. A file can be rebuilt by downloading any 30 of its 80 parts. This delivers cross-geography redundancy for every file at no additional cost. The platform’s decentralized architecture also means that end-points have a greater geographic distribution, making it much faster to download from anywhere in the world.

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Technologies

JCI US and Trend Micro partner to research and develop SIM card-based mobile network security solutions

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COSS

JCI US Inc., a subsidiary of Japan Communications Inc., (JCI, Tokyo Stock Exchange First Section code: 9424), and provider of secure and reliable communications, and Trend Micro Inc. (T: 4704), a global leader in cybersecurity solutions, today announced the completion of the proof-of-concept phase of their joint research and development in to SIM card based security solutions. The first phase of the research and development centered on securing mobile devices deployed within CBRS private 4G/5G networks via the SIM card. Future R&D efforts will focus on utilizing digital signatures and blockchain technology housed on the SIM card to ensure security and create circles of trust for mobile devices connected to a CBRS or another network. These efforts will leverage the JCI Group’s world-leading FPoS (Fintech Platform over SIM) blockchain version and Trend Micro’s Mobile Network Security (MNS) solution.

The joint research project took place in JCI US’ Denver SIM Technology and CBRS lab environment. Trend Micro and JCI US engineers deployed programmed SIM cards to Internet of Things (IoT) devices connected to a JCI US private 4G/5G network. The Proof-of-Concept aimed to confirm the ability to secure the IoT device via technologies housed on its SIM card. The testing successfully confirmed that malicious actors can be successfully blocked from the network even in cases where they manage to physically access a good device on the network and swap the SIM card to a compromised, bad device. Additionally, the joint research successfully highlighted how DDoS and other attacks from inside the network can be automatically identified and stopped via the SIM card by directly interacting with Trend Micro Virtual Network Function Suite (VNFS), which utilizes a zero trust security model. As a final stage of the first phase of the project, JCI US deployed and validated the solution within its commercial CBRS network at Southlands, a major mall in Colorado.

For the next phase of R&D, JCI US will expand FPoS technology to the Secure IoT area by collaborating with Trend Micro, a world leading cyber security company, and combining FPoS with Blockchain. In this phase, FPoS will generate “blockchainable” data so that information generated in the IoT terminal can be sent directly to the blockchain, minimizing the risk of compromise between the original data point and the blockchain data storage. Using blockchain, FPoS for Secure IoT and Trend Micro’s MNS layered security will be used to secure individual endpoints, for example through digital signature based firmware validation where if an endpoint’s firmware fails validation and is identified as having been changed without authorization, the endpoint is denied access to the network.

Regarding the completion of the proof-of-concept testing for Trend Micro’s MNS Endpoint Security utilizing SIM cards, JCI US President and COO Greg Deickman said “The SIM card is a discrete and highly secure computer housed inside all cellular devices. The JCI Group has long recognized this and created its Fintech Platform over SIM (FPoS) to provide the world’s most secure ID for the digital age, delivered via a SIM card. We are pleased to be working with Trend Micro to develop SIM card solutions to augment their layered security suite of products and services in 5G private networks to secure enterprise end-points and networks.”

Upon hearing of the successful delivery of the proof-of-concept, Akihiko Omikawa, executive vice president of IoT security for Trend Micro, said: “With over 30 years of security expertise and continuous innovation, Trend Micro protects and secures businesses, governments, and consumers with connected solutions across cloud workloads, endpoints, email, IoT, networks and telecom environments. Our Mobile Network Security is a comprehensive platform for protecting cellular networks and untrusted IoT devices. We’re delighted to be collaborating with JCI US, a leader in their industry, to make this vision a reality.”

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Technologies

Secure Cryptophones

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Coin3d

In the recent past, various eye-opening revelations have been made about spying by government and private organizations. As a result, there has been a growing interest in how people can keep their communications private. After all, nobody likes to have his or her private conversations being snooped on.

Why Digital Privacy Matters So Much

Today, most people have their lives connected to their digital identities. With just a few keystrokes, hackers could empty your bank account and take measures that destroy your lives and the lives of those around you. Today, keeping your private communications is not simply a matter of philosophy; it is about guarding your livelihood. There are numerous examples of people who have their finances ruined because their private details leaked online.

How to Preserve Privacy

Today, there are various options for preserving privacy. For instance, you can opt to use a messaging service that offers end-to-end encryption. There are encrypted email services that allow you to send and receive encrypted emails to your friends and business partners. In general, there are numerous platforms and tools online to help you protect your privacy. It is especially important when you are sending sensitive documents with personal details.

Using Encrypted Phones

The problem with using encrypted apps and platforms is that communications still take place over an unsecured phone. As a result, even when those snooping on you cannot access these services, they can still access the phone itself and discover private details about you.

It is the reason why people seeking more protection are turning to encrypted phones. Cryptophones, as secure encrypted phones are called, offer a high degree of privacy protection compared to using individual apps. The pones use high-grade encryption to protect every aspect of the phone.

Consequently, those trying to gain access to any secure information will fail. Another benefit of these phones is that they encrypt voice communications between the two parties using the phones. The result is that anyone can discuss sensitive information on air without the fear that their information is visible to third parties, who might have malicious intent.

How to Pick a Secured Encrypted Phone

Besides communication, a modern Cryptophone should enable you to conduct financial transactions anonymously. You should thus go for a phone with full cryptocurrency supports. Cryptocurrencies ensure that your financial transactions do not go through a central hub, where they can be tracked.

Another you should look for is protection from GMS and GPS location tracking and IMSI catcher. The feature ensures that not only is your digital footprint protected but your physical movements also remain private.

A good example of a cryptophone that secures your privacy is the secure, encrypted Ano Phone from Germany. The phone is fitted with a protected Android OS that eliminates the risky backdoor APIs and Google library with tracking services. It arrives with a mobile-first secure private VPN service, and a firewall. It ensures all your private details remain protected at all times. The phone also brings support for cryptocurrencies and other payment options in favor of discerning customers. In recent comparisons and longterm tests, Ano Phone encryption on the hardware disk and the communication with end-to-end have been confirmed. In addition to the high-level security layer, it takes care of the OS performance, not slowing down though meeting the high encryption requirement and saving your battery with VPN running without leaks or interruptions.

Another option is the EMP line of phones from Canada. These phones also offer encrypted storage as well as secure voice and text communication. Other features included in the phone are secure call history protection, dynamic key generation after each call with same phone, and the lack of a central key management system. The device protects the data on the disk by software encryption. The product is not optimized for VPN usage for longterm but compatible for VPN on Wireless Lan without mobile data connections. By customer support, additional end-to-end communication tools can be purchased.

Besides, we found a lot of bad apples on the market with different brand names that still offer Google and Blackberry devices with built-in backdoors. Features like remote access, remote wipe, enrollment or distribution let you give up control to the provider, put privacy at risk and are a red flag.

Summary

In general, if your line of work entails handling sensitive communications over the internet, it is important to protect yourself. You never know what malicious actor could be dropping in on your calls. Cryptophones are also great for anyone who values their privacy and who wants to stay safe amidst the growing digitization of everyday life and the growth in cybercrime, especially identity theft.

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Blockchain

DeFi Token WGRT Hit the New High 2020

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DeFi WGRT

As NewsBTC reported, Tron’s fomer Cofounder joined WaykiChain DeFi project as the Strategic Marketing Advisor. At the mean time, the DeFi token WGRT moon to 500% on August 13th (UTC Time).

Though It has been claimed that after the shocking rocketing wave of DeFi token WGRT on OKEx, the market might potentially have its correction.

However, the price shown on OKEx Exchange of WGRT shows a great new high, breaks the record the ROI 500% to almost 600% and keeps its trend substantially skyrocketing towards 1000%.

The token design of DeFi token WGRT with its low circulation rate in marketing less than 10% and the marvelous market speculating as well as the crazy investors based in HongKong and China will push the WGRT to a higher level which will lasts at least 10 months.

The new member from Tron will cause a gravity effect to attract more investors rushing to the race of DeFi WGRT, stared by Vincent, Global Partner of Hong Kong WaykiChain Technology Ltd.

6 Tips You Need to Know About DeFi WGRT

1. Low circulation supply less than 10% and huge market value.

2. WGRT will be constantly repurchased and destroyed to increase the users’ benefits with its DeFi yield farming design.

3. WGRT is a deflationary token, and the rise WGRT price can be maintained for about 1 year.

4. WGRT has strict control over the market value and the price is bound to rise. The price does not follow the market fluctuations.

5. During the process of ‘3-12’ collapse, the whole system had stood the test with no congestion and bad debt without issuing additional tokens.

6. Huge users in China and Hong Kong more than 2 Million WaykiChain followers since 2017.

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Technologies

OTC Markets Group Welcomes TAAL Distributed Information Technologies Inc. to OTCQX

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COSS

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for over 10,000 U.S. and global securities, today announced TAAL Distributed Information Technologies Inc. (CSE: TAAL;OTCQX: TAALF), a provider of value-added blockchain services, has qualified to trade on the OTCQX® Best Market. TAAL Distributed Information Technologies Inc. upgraded to OTCQX from the Pink® market.

TAAL Distributed Information Technologies Inc. begins trading today on OTCQX under the symbol “TAALF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

Securities Law USA, PC acted as the company’s OTCQX sponsor.

About TAAL Distributed Information Technologies Inc.
TAAL Distributed Information Technologies Inc. delivers value-added blockchain services, providing professional grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the Bitcoin SV platform, and developing, operating, and managing distributed computing systems for enterprise users.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

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Business

PayPal to be available on Pundi X’s blockchain-based POS devices

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PayPal

Singapore-based blockchain developer Pundi X has recently announced that its blockchain-based point-of-sale device, the XPOS®, is now capable of supporting PayPal. Deployed in over 30+ countries all over the world from Japan to Brazil, the XPOS® has been providing scores of brick-and-mortar stores with an alternative payment method to cash by allowing them to securely and efficiently transact on the blockchain.

The idea for the new development came about after Pundi X ran an official Twitter poll asking their followers which mobile payment app they’d like to see first supported on the XPOS. Among the choices were other platforms like WeChat Pay/Alipay, GoPay and PayTM but PayPal received an overwhelming majority of the vote, with nearly 70% of all respondents choosing the California-based service.

Since 1998, PayPal has provided millions around the world with a way to transfer funds online and has provided an efficient alternative to traditional paper methods for online vendors, auction sites and countless more. Its inclusion on XPOS machines will make it easier for both merchants and customers to streamline their transactions.

“This is definitely exciting for us,” revealed Pundi X CEO and co-founder Zac Cheah. “To be able to support a leading online payment provider in our XPOS devices can give people more confidence in using them, and can move usage of blockchain technology closer to the mainstream.”

PayPal on XPOS® devices will work in pretty much the same way as anywhere else. The online finance platform’s basic features will be functional on XPOS® devices, including accepting payments. This feature will include payments made via email or mobile phone number. In the US, merchants will only have to show a certain QR code for their customers to pay. PayPal Here, on the other hand, offers features for merchants to accept credit card payment.

PayPal’s inclusion to XPOS® devices brings more than just streamlined transactions. It also means that users can easily purchase cryptocurrencies such as BTC, ETH, BNB, NPXS, etc. at any XPOS® merchant who has activated the device’s “Crypto Sale” feature. These coins can then be securely stored in an XPASS Card, which makes dealing with cryptocurrency as simple as using the card to complete a transaction. For better management, the use of the XPASS can also be paired with Pundi X’s XWallet app.

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Blockchain

Kronoverse Secure Further Investment From Persimmon Hill Limited and Calvin Ayre

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Kronoverse Secure

Kronoverse Inc., the independent game-development company behind the CryptoFights skill-based fighting game, and member of ESIC (Esports Integrity Commission), has secured further funding via technology investment firm Persimmon Hill Ltd. and technology entrepreneur Calvin Ayre. This is Persimmon Hill’s first, and Calvin Ayre’s third, investment in Kronoverse.

CryptoFights utilizes the Kronoverse platform which replaces the games networking layer from traditional cloud servers to the Bitcoin SV (BSV) blockchain – a public and auditable ledger. This unlocks massive benefits for gaming by giving the eSports ecosystem a transparent and fair way to have game integrity.

Kronoverse also adds value to ESIC’s mission to be the guardian of eSports integrity in different ways such as the use of blockchain technology and native-cash tournaments. Kronoverse’s use of blockchain technology opens up ways for government regulators to enforce gaming standards since all actions taken in a blockchain game are public and auditable.

Adam Kling, CEO of Kronoverse, commented: “The growth we’ve seen in a relatively short time is hugely encouraging for the company and, obviously, we hope that makes CryptoFights an exciting proposition for investors. To have people with the business and blockchain knowledge of Persimmon Hill coming on board, and further support from online gaming entrepreneur Calvin Ayre who is also a big believer in Bitcoin, is a clear endorsement for a transparent eSports experience.”

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Technologies

Red Cat to Hold Investor Webinar and Q&A Session with CEO on April 28

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Red Cat

Red Cat Holdings, Inc. (OTC: RCAT), a leading provider of distributed data storage, analytics and services for the drone industry, today announced its CEO Jeff Thompson will share insight into the company’s recent developments during an investor webinar on Tuesday, April 28, 2020 at 4:05 p.m. ET. A live Q&A session with Thompson will follow the presentation.

Questions can be pre-submitted to [email protected] or online during the event.

About Red Cat

Red Cat (OTC: RCAT) is a leading provider of secure blockchain-based distributed storage, analytics and SaaS for the drone industry. Through its innovative products and leadership, Red Cat provides solutions for regulators to track and review flight data, insurance companies to insure drones, and pilots to become compliant with regulations. Red Cat’s success is driven by a commitment to deliver unrivaled innovation that makes drones trackable, accountable and the sky a safer place. Red Cat is headquartered in San Juan, Puerto Rico. For more information, visit www.redcatpropware.com.

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