Mainstream Adoption: AT&T Now Accepts Bitcoin!

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Judging by recent news, the US telecom and media conglomerate AT&T now will be accepting Bitcoin! Customers will be able to pay for their phone bills online with Bitcoin! AT&T is the largest multichannel video service provider in the US. They have around a total of 22,3 million subscribers.

AT&T Expanding Services

While you cannot use Bitcoin to buy phones and other merchandise what AT&T offers to their clients, this is a very good head-up start for a company of such scale. Cryptocurrency enthusiasts now can pay with Bitcoin for their phone bills. This is done via a partnership with BitPay.

Kevin McDorman, vice president at AT&T, explained that AT&T has a lot of customers using cryptocurrencies. So the company decided to come forward to their clients and a rational step was to allow Bitcoin payments. He said:

“We’re always looking for ways to improve and expand our services. We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.”

Kevin McDorman

Large companies start to acknowledge cryptocurrencies

This move from AT&T is just yet another step towards mass cryptocurrency adoption. This year, more than ever, there have been multiple companies that announce that they are working on ways how to use, develop or implement Bitcoin or cryptocurrencies as such on their services or platforms.

These companies include Facebook and JP Morgan with their stablecoin development, IBM and their blockchain implementations, Starbucks accepting crypto payments, Fidelity adding Bitcoin to their services, NYSE along with NASDAQ acknowledging Bitcoin, Harvard and Yale investing huge sums into Bitcoin, Microsoft using it in their Azure service, and many others at this point.

Today you can hear about Bitcoin in most of the traditional media platforms. CNBC now covers a daily segment about Bitcoin. They encourage investors to think about investing in BTC. The cryptocurrency lately is all around the news and each day brings new horizons development and implementation-wise. The bull is here to stay for quite a while. 

Source:

https://about.att.com/story/2019/att_bitpay.html
https://twitter.com/APompliano/status/1131270293689966593

Photo by Wojtek Witkowski on Unsplash

Banks Rush to Issue Stablecoins With the Help of IBM and Stellar!

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On Monday, March 18, 2019, six international banks signed up for the new Stellar – IBM’s blockchain-powered payments network “World Wire” to issue their own stablecoins. At the moment, World Wire has over 44 banks on their service. Their primary aim is to enable near real-time international settlements between banks.

Blockchain World Wire

It is a distributed ledger technology payment system which just went live. It will provide an infrastructure for clearing and settling cross-border payments in almost real-time. Also, at the same, time will reduce transaction costs. This will be done by removing third-party intermediaries from the process. IBM claim that they are handling around 60% of the world’s transactional systems. This provides World Wire with a advantageous head start. Moreover, BWW currently supports more than 47 currencies across 72 countries.

Six Banks Already Applied

It looks like JPM Coin started a new trend – banks issuing their own coins. At the moment, thanks to Stellar and IBM, Banks can easily apply to their own stablecoins that would be pegged to their native currencies. So far Brazil’s Banco Bradesco, South Korea’s Bank Busan, Philippines’ Rizal Commercial Banking Corporation and three other banks have filed an application.

“We let the market drive the expansion and selection of the network incrementally. We are really feeling excited that we are on a roll to build something new and revolutionary that’s really going to change the landscape of cross-border payments,”

says Jesse Lund, the head of blockchain solutions at IBM.

Stellar to Issue its Own Stablecoin

Also, IBM partners with Stronghold, a Stellar-based, USD backed asset. They are also in the talks of developing their own Stellar network’s first stablecoin. It would disintermediate legacy bank settlement systems by introducing the XLM token as an efficient, immutably-tracked settlement instrument for fiat currencies between institutional parties.

“Our view for stablecoins is really that they should be more broadly accessible and what World Wire seeks to do is to provide fungibility of digital assets across financial institutions,” says Lund. 

Source:

https://cointelegraph.com/news/six-global-banks-sign-up-to-issue-stablecoins-on-ibms-now-live-blockchain-network
https://cointelegraph.com/news/fast-seamless-the-race-for-the-cross-border-payments-market

Photo by Floriane Vita on Unsplash

IBM strengthens their crypto/blockchain positions

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IBM is backing a new cryptocurrency pegged to the U.S. dollar, in a partnership with U.S.-based financial services provider Stronghold, that adds stability to a sector known for its volatility.

Stronghold USD, launched on Tuesday on the Stellar blockchain platform. Buyers of the coin will deposit greenbacks with the company’s partner bank, Nevada-based Prime Trust for Stronghold to issue the tokens based on a 1-to-1 ratio.

Also, yesterday IBM announced a partnership with Columbia University to open the Columbia-IBM Center for Blockchain and Transparency. It will offer students access to IBM internships and joint research.

Source:

https://goo.gl/cZYpsk

IBM signs a huge deal with Australian government

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Thursday Bloomberg reported that IBM has signed a five year $740 million deal with the Australian government to use blockchain for data security issues. IBM will provide technology like blockchain, automation and AI (artificial intelligence) to Australian federal departments, including defense and home affairs. IBM’s Asia Pacific head, Harriet Green In her interview accentuated the emphasis on ensuring data security for citizens, “The new partnership will catapult Australia to the top three of digital governments in the world”.

Source:

https://goo.gl/TEzjWd