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April 9, 2021
Bogus Platforms
Cheap Coins
Email Frauds
Malware
April 8, 2021
How were they operating?
What is the Government doing?
April 1, 2021
What is Form 1099-B?
Why is it difficult for Exchanges to maintain this?
Who can file 1099-B?
March 30, 2021
What is the reason behind the fear?
Who gets affected, who doesn’t?
Why Bitcoin?
What are the possible solutions?
March 27, 2021
What is the role of Litecoin?
How is Litecoin Mined?
Essential Things you should know about
More Supply:
Faster Transactions:
Advanced Algorithm:
Daily Payment Solution:
Trade Finance:
March 17, 2021
More about Signal
How is signal accepting Donations?
Supporting Coins
Are crypto Payments coming soon?
March 16, 2021
Personal History
What was the crime?
When was this Proceeding?
What about the Others?
BitMex Opinion
March 15, 2021
Recently, we saw a massive surge in companies investing in cryptocurrency. Similar to Tesla and Grayscale Aramco has plans to join that list. Aramco has already invested a good amount of money in different crypto-based platforms. In a recent interview, the company officials revealed something very interesting. With this, it is set to become one of the largest energy manufacturers working with digital aid.
The company is looking to use advanced digital technology. This will provide more efficiency and better sustainability. That’s not all. Aramco is also utilizing high-tech innovations, thereby streamlining the business processes. This move is also said to reduce their maintenance cost.
About Aramco
Aramco is one of the highest valued brands in the middle east with over 37.5 billion in valuation. Even after the massive pandemic crisis in the energy sector. Aramco was able to retain its value, where the brand value of Aramco fell by 20%.
How much did Aramco Invest?
Aramco is a Saudi-based oil producer and trader. As per reports, Aramco invested $5 Million in VAKT which is a blockchain-based platform. In addition, Aramco has also stated it will use VAKT for trading purposes. With this Aramco has laid a path to introduce blockchain in the Oil and Gas market. Also, VAKT announced that it will use this financial aid for the betterment of its technology.
They are also working with major business persons. This will allow them to understand and enhance this technology. Recently, with IBM on their side, Aramco publicized its platform based on Blockchain. This will allow them to target markets for blockchain solutions. With this investment, they are also planning to enter the Asian market.
What is the Motive of Aramco?
Data Gumbo is another venture with an investment from Aramco. It also works similarly. Therefore, it’s clear that Aramco is trying its best to remove paper-based verification.
In addition, they are also planning to enter the Asian market. This technology can do wonders for traditional traders. As it adds more value to their workings. VAKT can make data validation and processing completely digital. This eradicates the need for manual verification which was very time taking.
With Aramco, onboard VAKT now has 13 major investors under its belt. This includes many big companies like Chevron, Shell, Reliance., Total, Koch, etc.
How is Aramco Using Blockchain?
Aramco is one of the few companies using the Blockchain deployment kit. This allows the company to utilize technology-based revolutions much quicker in their work. It was also in Forbe’s top-50 companies using blockchain. Aramco was the only company from the middle east to make that list.
The company uses blockchain to analyze and validate certificates presented by workers, & contractors. Previously, it took them days to verify the same information. However, the latest blockchain verifier will help the company to create and maintain a more streamlined approach. What’s more? This innovation reduced their time to verify by 90%.
March 13, 2021
What is Cryptography?
What is a Block-Chain?
Hashing
How is data written to a blockchain?
Is storing data on a Blockchain costly?
March 10, 2021
BitPay is the largest and fastest-growing crypto payment service provider. And what better way to get into the cryptocurrency ecosystem than to partner with BitPay. In an announcement, the US-based hotel chain Kessler Collection Partners with BitPay. They did so with an intention to start accepting crypto as payment. With that Kessler Collection has become the first luxury hotel chain to do so in the US. Kessler Collection is following the footsteps of many big entities. And is working in hand with BitPay to create a crypto-friendly ecosystem.
Which Crypto Coins will Kessler Accept?
Kessler Collection currently owns 8 luxury and corporate hotels all across the US. And with the help of BitPay, the chain is looking to accept multiple crypto payments. Due to the growing demand for cryptocurrency. It has already started accepting Bitcoin, Ethereum, Dogecoin, and many stable crypto coins. Kessler already started accepting payments via crypto coins on immediate measures.
How Customers will Pay to Kessler Collection?
Richard Kessler CEO of Kessler Group was the one who initiated this deal with BitPay. To accommodate the need for a crypto-friendly ecosystem, Kessler Collection has already started accepting payments via BitPay.
Properties of Beaver Creek, Charlotte, Savannah, and Augustine are using traditional card payment channels. Also, their invoices will contain links to pay in the email. BitPay will power these links and customers can pay bills via multiple cryptocurrencies. They will accept coins like BTC, ETH, DOGE, BCH. Along with that, you can also pay via fiat currencies like USDT, BUSD, etc.
More details about Kessler Collection
Kessler Collections has multiple artistically created monuments under its arsenal. It is one of the top-class hotel chains in the US. With properties in many posh areas, it is always an exciting experience to visit Kessler. It has hotels in Colorado, Georgia, Carolina, Alabama, and also Florida. All the hotels possess breath-taking infrastructures designed with beautiful artifacts. Some of its hotels date back to 1888 with beautiful antique designs.
What did officials have to say?
Richard Kessler, the chairman, and CEO of Kessler Collection. Choose a concept that leads the innovation force of the hospitality industry is a must, he said. Above all, he stated that crypto is going to generate even more acceptance in the coming days. And with BitPay we can offer our customers better payment solutions. He also added that this will help them reach more customers.
Cryptocurrencies provide cheaper and better payment solutions said the CCO of Bitpay. In addition, Sonny Singh added that bitcoin is even cheaper than credit card payments. And defy all international currency barriers. He acknowledged the willingness of Kessler in accepting this innovative approach. This will create a more convenient payment solution for customers, said the CCO of BitPay.
The CFO of Kessler said this will help them create a streamlined payment solution. He also said customers will no longer have to visit local currency exchanges. Furthermore, Fravy added crypto is cheaper than average cards acknowledging Sonny Singh’s comments.