The blockchain news section has been quiet on many best cryptocurrency news sites this month. However, this doesn’t mean that the technology did not make a leap forward this month. As we can see, there have been a lot of blockchain achievements, partnerships, plans and pilots among some of the world’s leading firms.
Below, we are listing the top blockchain achievements for the month of May, summing up all that has happened until this point.
1.FedEx adopts strategy for using blockchain in logistics
First on the list is FedEX which is in the latest cryptocurrency news for developing a collaborative and enthusiastic approach towards blockchain in transportation. “Rather than focusing on competitive advantage, FedEx is focused on how we can leverage our industry leadership to foster innovation and collaboration among our peers,” Richard Carter wrote in a summary of our discussion.
2.Pepsi pilots blockchain for improved digital ad efficiency
The blockchain achievements seem to come in the form of advertising. PepsiCo, a major food and beverage giant, made its own leaps in the technology and its potential use in digital marketing. The pilot used smart contracts to reconcile data from a lot of sources in the advertising chain.
3.Starbucks taps into blockchain to track the source of each cup of coffee
Starbucks is in the list of blockchain achievements. The world’s largest coffee chain is apparently going to use the technology and track the source of each cup of coffee. The project would apparently build more consumer confidence in the sourcing of the coffee.
4.Volkswagen starts using blockchain to source cobalt
VW, which is Europe’s largest auto manufacturer, has begun using blockchain to track the source of cobalt. By using the technology, Volkswagen and others will make sure that the cobalt used in their batteries is mined using only ethical labor practices.
5.Amazon releases a Managed Blockchain Service
It seems like Amazon won’t be in the altcoin news for rolling out its cryptocurrency – but in the blockchain news – because of its Managed Blockchain service announcement. The product is in the list of blockchain achievements and allows businesses to connect AWS accounts as nodes in their own blockchain network.
As you can see, more and more big names are turning to blockchain.
Margin Trading Service Soon Available On Binance Crypto Exchange
Robinhood Brings Zero-Fee Crypto Trading App To New York Investors
“Currently, you can invest in seven cryptocurrencies on Robinhood Crypto: Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Ethereum Classic, Litecoin, and Dogecoin. You can also track price movements and news for those and 10 additional cryptocurrencies.”Crypto enthusiast has avoided going to New York because the state has a very stringent regulations system for the crypto sector. For some, BitLicense is a classic move of regulation-before-innovation which is a law that creates an unnecessary burden for small startups by making them go through expensive procedures. For example, there is a $5,000 fee to NYDFs with no approval guarantee as well as the $45,000 worth of legal paperwork as it was revealed by one of the BitLicense applicants Coinsettler Jaron Lukasiewicz in 2015. Costs like these have influenced many New York startups to find a place with a friendlier crypto climate such as California or even European countries such as Switzerland. At the same time, crypto startups that managed to build a financial foundation for themselves, now are trying to find a comfortable place while entering New York. As mentioned in the altcoin news previously, Robinhood is the 10th company in a period of four years that received a BitLicense. According to the vice president of product Josh Elman, this decision to go into Wall Street is ‘’a crucial next step.’’:
“We’ve introduced millions of people to equity investing on Robinhood, and want to do the same for everyone interested in crypto.”The Fintech startup now has six million users around the US and by entering New York Robinhood plans to add a few million more. Their networth reached $5.6 billion after the last funding round that closed in March 2018. In the meantime, Robinhood managed to raise about $539 million capital so far.
Samsung Pay Gets Ready For Crypto Integration: Report
“Samsung Electronics appears to be moving to integrate cryptocurrencies to Samsung Pay, which accounts for 80 percent of the South Korean simple payment market. The company has recently transferred the blockchain task force (TF) of the mobile business division to the service business division.’’Previously in 2018, the Korea Herald reported that Samsung Pay made a 58 percent increase in its users base. The industry tracker WiseApp found that the platform was mostly used as a financial application in late 2018 where more than 10.4 million users got their hands on it. In 2017, the platform had about 6.6 million users which make an incredible step forward for Samsung. The 10 million users represent the 20 percent of the entire South Korean population and the platform has also thousands of users around the world that use the application because of its technology called magnetic secure transmission. This technology enables users to transact at a conventional point of sale terminals. Now, the strategy of Samsung Pay is to make sure that a niche market is secured and will expand its user base even further. Samsung already integrated a crypto wallet-the Samsung Blockchain Wallet back in February along with its Samsung S10 device which allows users to send, receive and hold cryptocurrencies in the built-in wallet. The South Korean altcoin news outlet Donga noted:
‘’Samsung Pay has recently extended the transaction period for overseas users and integrated an international payment processing service, aggressively targeting the global financial services market.’’With reports suggesting that the tech giant is considering the possibility of launching a blockchain network, it is expected that Samsung will continue to march forward to target the rapidly growing sector. Under the leadership of the current vice president of the business division Kim Yong-Jae, the blockchain task force at Samsung has started new other crypto projects.
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