Bitcoin Proving Useful for Asian Remittance Companies

More companies seem to be embracing one of Bitcoin’s most useful properties – its border-less functionality. The world’s most popular cryptocurrency can save those wishing to send remittance payments from one country to another a lot of time and money.

Bitcoin Disrupts Cross-Border Payments Industry

Companies like Bloom, Bitspark, Payphil, and Rebit in the Philippines are working towards providing Bitcoin-based, global remittance payment services to more people. Bitspark CEO, George Harrap, explained to Reuters:

“Bitcoin is so much better as a mechanism to send money around the world. There’s a lot less overhead that you need to do.”

Most of these emerging companies do not deal directly with customers. Instead, they are seeking to facilitate transfers for the remittance shops using cryptocurrency. Bitspark are already performing transfers for shops in parts of Africa and South East Asia.

The current business model of such companies does not rely on speculation. Bitcoin is sent from one part of the world to another, and cashed in immediately. This protects the companies involved from dramatic swings in the price of Bitcoin. Miguel Cuneta of Satoshi Citadel Industries spoke of the model:

“We are merely using it as a transfer mechanism. We convert it as soon as possible.”

When using Bitcoin for remittances, the customer receives their cash in less than an hour, rather than the days it would previously take. In addition, they save massively on the fees associated with existing remittance services like Western Union. This saving can be as much as 75 percent.

One Filipino worker living in South Korea told Reuters that she had already saved herself “huge” amounts of cash using Rebit. Kate Corporal continued:

“One thing I can guarantee is that the money I intended to send and the money that my family received was exactly the same… Using bitcoin is really helpful for many Filipinos… as every single cent that we send can be very significant.”

One stumbling block these remittance companies are discovering is that of liquidity. The current value of all Bitcoin is around $160 bn. This is around one-third of the entire planet’s remittance market. This makes it incredibly difficult for local cryptocurrency exchanges to cope with the potential demand for Bitcoin remittance payments. If the entire market suddenly switched to using the services of Bitspark and their peers, the existing exchange infrastructure would be totally overwhelmed. Prajit Nanu of traditional remittance company InstaREM explained:

“As soon as you’re doing $10-15 million a day, liquidity becomes an issue and you’re wondering,‘how am I going to do this.'”

However, despite these futures problems, people like Kate Corporal are enjoying the benefits. If you need to send a cross-border payment, we previously reported on comparison site CompareRemit. They currently list services that use Bitcoin as part of their business model.

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Further details have emerged about the nature of the case between Craig S. Wright and David Kleiman. Boies Schiller Flexner will be representing the estate of the plaintiff in the $10.2 billion case. Meanwhile, Wright will be defended by attorneys from Rivero Mestre LLP.

$10 Billion in BTC: Wright’s, Kleiman’s, or  Neither?

The brother of paralysed IT expert David Kleiman filed the lawsuit on behalf of his sibling’s estate last month. Ira Kleiman alleges that Wright stole intellectual property, as well as over a million Bitcoin from David Kleiman following his death. It’s thought that Wright forged his former partner’s signatures and falsified dates on legal documents to commit the embezzlement.

According to the National Law Journal, the Boies Schiller attorneys assigned to the case are Devin “Velvel” Freedman and Kyle Roche. Freedman is part of the firm’s Miami counsel. Meanwhile, Roche is an associate from their Armonk office. Freedman spoke to the NLJ about the plaintiff reaching out to the company for representation:

“The client came to us primarily because of the firm’s litigation expertise and my experience in handling international disputes. But he was also impressed with the knowledge of cryptocurrencies and blockchain-related issues of lawyers like Kyle Roche, who is working on the case with me.”

Later in the emailed statement, Freedman goes on to raise the issue of the identity of Satoshi Nakamoto. The Florida lawyer said that although the case’s main objective was to recover the funds for Kleiman’s estate, it could also involve the questioning of who exactly created Bitcoin originally.

Wright famously declared that he was Satoshi back in 2016. He refused to present any proof, however, and many around in the early days of Bitcoin refute the possibility that he could be responsible for the creation of the most popular crypto today.

The implications of the case could be massive. Of course, Craig Wright stands to lose a lot of cash from it and in digging deep into the early days of Bitcoin, the identity of the creator could be revealed. However, some refute that the coins Kleiman’s estate and Wright are arguing over even belonged to either of them.

Blockchain analysis team WizSec has done extensive detective work into the ownership of each of the wallet’s mentioned in the case so far. Using advanced blockchain forensics, they were able to identify many of them as belonging to other companies or individuals that have no connection with either party in the case. Several have links with employees or customers at now-defunct exchange Mt. Gox.

We’ll have to wait for the case itself to test the validity of any party’s claims, however. The next stage in proceedings is expected to be a response from Wright’s legal team by April 16, 2018.


On March 6, 2018, the management of the BitRent blockchain platform held a closed presentation for key investors and heads of the UAE construction departments. The event was named “BitRent Private Conference”.

Who participated?

Compacts of intent and commitment were signed by well-known developers of the UAE: Dubai Property, 22 carats, Kempinski, Virtue GI.

The conference was visited by investors, whose total wealth according to Forbes is in excess of more than 15,000,000,000 US dollars. The event was attended by Sheikh Saif Al Mansoori, Sheikh Sultan Al Nuaimi, investor Mahendra Patel. The invited guests included:

• Mohamed Mahgoub, Chamber of Commerce and Industry;
• Saif Al Mansoori, Ben Mansoori Company;
• Abdulhakim Mahmood, Director, Dubai Properties Group;
• Alexander Pushilin, a private investor;
• Mohamed FawadAkber CEO of AIP;
• Mahendra Patel, GEAP group member;
• Maria Marchenko, founder of Capric Media;
• Pradeep Padmanabahan, director of the OBS group;

The purpose of BitRent Private Conference

The main goal of the presentation, set by the creators of the project Dmitry Starovoitov, Igor Pavlov and Vadim Dashut, was to gather the leaders of crypto clubs, blockchain funds and leading specialists in the construction industry, as well as to create favorable conditions for establishing business ties. The presentation of the unique constructional blockchain-platform and the first tokenized facility allowed us to uncover the potential of BitRent for the development of the construction industry and to demonstrate the real estate sector’s and crypto economy’s points of convergence.

The platform will help solve the main issues of the construction market such as closedness and conservatism. It will give investors the opportunity not only to invest resources but also to fully control the construction of any facilities.

Platform’s Advantages

One of the key advantages of BitRent is the low entry threshold. This attracts an almost unlimited number of participants to any construction projects. The security of operations on the platform is guaranteed by Blockchain, Smart Contracts, BIM, and RFID technologies.

Participants of the system get full access to the database of objects under construction, they can select an object for the parameters of interest, vote for the priority of projects, monitor the stages of a construction process in real time. BitRent does not have geo-references. Anyone can invest in projects around the world.

Investors not only receive up to 30% of the profit from investments but also become the shareowners of the building projects. Financial resources invested in platform projects are protected from exchange fluctuations. And the exact procedure of investing funds and of construction control is extremely simple and transparent.

Construction companies can join the system at any stage of construction. They get access to the participants’ database and the right to present themselves to the platform participants and thereby attract investments.

What was presented?

BitRent’s founders presented the functionality of the platform and representatives of its strategic partner the construction giant Megaline
presented the very first facility – Unity Towers.

Unity Towers is a complex of three skyscrapers that combine the functions of a residential complex, a hotel, a modern business co-working center, an IT-Hub with an adjacent infrastructure with a separate parking building for 450 cars. The complex will be located in the resort area with a direct access to the Black Sea. This will be one of the key advantages for investors while choosing an investment object.

About BitRent

Platform participants, known as owners of RNTB-tokens (BitRent cryptocurrency
), have the right to directly influence the speed of construction of selected constructional objects. They can manage shares in projects at their discretion, buy and sell square meters.

“RNTB is a utility token, a payment method on a platform with a large amount of functions. 2018 can be called the year of the “Semantic Token”, when there is real business and a real sector of economy behind every crypto currency”, says the founder of the platform Dmitry Starovoitov.

Details on the features of BitRent can be found on the official site


The success of any business lies in its customer relationship strategy and its proper implementation. Marketing is the tool that is used to develop a customer base and maintain a healthy relationship with them. However, the traditional campaigns seem not so impressive in today’s highly competitive markets. Momentum, the world’s first marketing automation platform, revolutionizes the world of marketing by integrating the capabilities of blockchain technology. The ICO of the platform is starting from April 23, 2018.

About Momentum

Momentum is a platform having operations developed on the blockchain. It is the first ever cryptocurrency-based marketing automation platform where businesses are able to incentivize and reward their customers for their support, loyalty, and feedback. By revolutionizing the marketing, the platform serves as an innovative source for the businesses to develop their customer loyalty and long-term relationship successfully.

Businesses using this platform can reward customers in many ways, for instance, for purchasing a new product or giving a review of the product they used. This information is valuable for the businesses since it gives valuable insights into the customer trends, behavior, likes and dislikes, buying pattern and needs. Thus, they are able to improve their offerings and come up with personalized products in future to retain their best customers.

About Momentum Token

The native token of Momentum platform is its in-app crypto-token called MobileBridge. It is the token that the businesses will use on the platform to reward their customers in exchange for data insights and brand advocacy. In addition, this token is the loyalty token, gateway token, and a native currency of the platform that will be used for purchasing different offerings and features. The MobileBridge token gives token holders a share in the brand or the company that they support.

About the ICO & Bonus for the Investors

The company has announced the start its ICO from April 23, 2018, offering MobileBridge Tokens for 4 weeks or till the hard CAP is reached. The ICO will put 500,000,000 tokens on sale out of total 1,000,000,000 tokens. In addition, the company has announced the bonus scheme based on supply and volume of the tokens. Investors can earn the bonus as per the following structure

  • First Week: Between 5% to 15% bonus
  • Second Week: Between 3% to 10% bonus
  • Third Week: Up to 5% bonus
  • Fourth Week: No bonus

About the Team

The Momentum platform is backed and operated by an exceptionally talented and professional team having experience in cryptocurrency domain. The members belong to diverse geographical backgrounds including Germany, Switzerland, Israel, US, UK, and Netherlands. The team aims to integrate all the elements together of a successful and disrupting marketing automation blockchain platform for today’s businesses and customers.

To know more about the Momentum platform and its features, or to participate in its upcoming ICO, please visit

Giftcoin is a cryptocurrency that will be used for donations. The key goal of the developers of the coin is to help those in need using blockchain technology, which makes it easier for people to make donations.

Giftcoin offers more than an opportunity for users to donate. It also provides a wide selection of charitable organizations where one can donate. Additionally, the platform tracks the donations, ensuring that it has reached its intended recipients.  The goal of the platform is to come up with a system that is completely transparent and free, starting from the donors to charitable organizations. This means that any transaction carried out on Giftcoin is free. However, to ensure the sustainability of the platform after the offering of the Giftcoin tokens, a small fee of $1 will be charged for converting fiat currency to Giftcoin. This will encourage users to use the system to give donations.

How Does the Platform Work?

Users who wish to donate via the platform have to download the Giftcoin e-wallet and link it to their bank account. The user further configures the app and chooses the maximum amount of Giftcoin he or she wishes to buy monthly. Every time you purchase something, the Giftcoin round-up app converts your payment to the nearest dollar. The difference is stored in your e-wallet in the form of Giftcoins.  After you have accumulated enough Giftcoins in your wallet, you can donate them to the charity of your choice.

The use of smart contracts allows for transparency and donors will get to know who receives the donations. This will encourage others to donate. The platform also enables users to automate their e-wallet such that they will only release money to selected causes.

Benefits of The Platform

This is the first truly-charitable cryptocurrency and is set to fund noble causes

The donation process is transparent due to the use of blockchain technology unlike other donation platforms where donors are not even sure if the money they donate reaches the recipients

The rounding-off of small fractions of money and accumulating the funds is a great and convenient way to donate. Everyone can donate, as no large amounts of money is needed.

How to Buy the GIFT Token

Giftcoin is a cryptocurrency that needs to be stored in secure wallets. Users of Giftcoin should download a secure e-wallet first and keep the bought coins in it. Users who participate in the ICO can earn the digital coins, but they must meet some requirements.

Those wishing to invest in the platform can register for an upcoming ICO and acquire GIFT tokens using Ethereum or Bitcoin. The value of the gift coin is set at  900 GIFT tokens= 1 Ethereum.

Are you interested in charity? Do you think this is the right investment for you? Let us know your take in the comment section below.

DataBroker DAO is a marketplace that is designed for buying and selling sensor data. It is the first ever attempt to create a blockchain based decentralized marketplace for IoT sensor data. Over this marketplace, sensor owners will be able to turn their device generated data into stable streams of revenue. The platform is set to open up major opportunities for different industries. Besides, it will also ensure that the data collected will be put to effective use.

How does it work?

The platform is going to interact with multi-sig contract and Ethereum addresses at its core. The core of this platform is the registry of sensors and data streams that will be offered by the platform. The streamed data can be live data that is sourced from an IoT sensor and the sale of data will be based on time span.

The stakeholders of the DataBroker DAO will be the owners of sensors, data processors, buyers of data, and the gateway operators. The owners of the sensors that decide to sell their data will earn 80 percent of the amount received. They will be required to pay a small recurring fee for the opportunity to place their sensor on this platform. The data processors will buy the data with the goal of enriching it and reselling it.

The buyers of the data and the processors will be able to acquire data as a service. As a result, they will no longer need to make expensive hardware investments to acquire the resources they need. Besides that, they will be able to gain access to data that would have otherwise remained in data silos of the sensor owners.

The gateway operators will let the data flow to the DAO. The data following into the DAO will come from billions of IoT devices globally across a wireless sensor network. These gateways can be operated by Telecom companies in each country enabling sensor owners to sell data on the DAO platform. While sensors owners get 80 of the revenue, gateway operators will receive 10 percent while the other 10 percent will go to the DAO to cover operating costs.

The Token

This platform is going to be powered by the DTX token. It is an ERC20-based token. The token will be used as credit for buying and selling the sensor data within the platform. The public sale for this token will be held from March 26, 2018, to April 23, 2018.

More information about the project is available at –

The Waves ecosystem was founded on the idea that the blockchain was invented for the people. It is a type of technology, which gives power back to the people for their business processes, finances, and much more. It also offers ordinary people a previously unimaginable level of security, convenience, and transparency.

The blockchain was created with the people in mind. The Waves platform has been designed with a wide array of users and use cases in mind. It works well for both the individuals and institutions. All of its capabilities are made possible by the constantly evolving technology.

There is a lot of misconception about Waves among the crypto-community at the moment. Many believe that Waves is a crowdfunding platform and not a full-fledged blockchain ecosystem, which it is.

A bird’s eye view of Waves Ecosystem

waves, waves platform

The Benefits for investors

The Waves platform has one of the best crypto wallets in existence. This is an easy-to-access wallet that lets you access all the features possible with the Waves platform. The wallet’s design considers best practices. That means it compares quite favorably with user interfaces of some of the most popular banking and trading platforms. When combined with fiat and digital currency gateway, the wallet makes it extremely simple to acquire and hold digital coins securely.

The Waves wallet come with an inbuilt DEX or decentralized exchange. It has a professional design quite similar to what is found on the most popular exchanges out there. A huge array of trading tools makes it ideal for newcomers as well as expert traders. The DEX is still being improved to ensure that it can soon rival some of the biggest exchanges out there.

Benefits for Institutional Investors

There is a major interest in digital currencies and the blockchain tokens from financial institutions. The Waves platform has elements built into it that make it possible to interface with the traditional world of finance. This will allow large corporations to gain access to this new class of assets with ease.

One way the Waves project achieves this is via the Basics Fund. This blockchain venture fund focuses on the Waves platform and can hold a diverse portfolio of digital assets. It has the purpose of giving large investors access to token projects as close to their launch as possible.

Compliant Token Launches

Waves will enable large corporations to launch token sales that are in conformity with the law. This way, the corporations will be able to access crowd investment in just a few weeks. The Waves platform also has various collaborations in place, like the one with Tokenomica which ensures that all token sales are KYC compliant. The ecosystem leverages on such collaborations so help its user gets what they want from the platform.

The Waves Lab

The Waves Platform is also actively involved in helping blockchain projects turn their ideas into viable businesses. The Waves Lab is the blockchain technology incubator that is part of the ecosystem and it mainly focuses on pre-ICO projects and teams with guidance and Waves Platform infrastructure to solve real world problems.

The platform also provides seed funds of up to $300k, legal support, advice, resources, PR and marketing to selected teams.

The Ovato platform seeks to revolutionize the loyalty rewards industry, social media and charitable causes. Its objective is to address the fractures that undermine full-scale participation and lead to a value leak from the existing ecosystem by using a blockchain approach.

At the moment, loyalty reward schemes are costly since they impose an unnecessary tax liability on the operators providing service. But the value these services provide to the consumer is minimal and this explains inactivity among subscribers. This lack of enthusiasm dilutes the whole point of reward schemes both for the target consumers and business operators.

Businesses consider loyalty programs a long-term debt and as a result have to implement periodic blackouts to make them cost-effective. This dilutes brand perception among clients. Consumers have also learned to pick only those programs with high flexibility and benefits to them.

Social media and charities are other industries gravely in need of a revolution. Social network users have become aware of the multi-billion industry that operates at their expense but does not lead to any gains for them. Companies collect data from them and use it to educate and entertain but the data owners are not getting any compensation. On the other hand, charities now realize that 90% of their donations never really get to their destinations. This is because of the failures of centralized ecosystems.

An All-Inclusive Approach

The Ovato token offers a holistic approach to dealing with the issues in every one of these sectors. The platform plans to offer significant discounts on daily shopping as well as rebates and loyalty rewards for using the Ovato network. It will also assist merchants to market directly to their target audience eliminating costly intermediaries.

Shoppers who share these special offers on their social media networks will earn rewards thus getting an incentive to keep the marketing cycle active. The final step will be to set the giving industry free by making funds allocations directly from the platform’s blockchain to phase out leakages in the process.

A Loyalty Reward Program with a Twist

A major point of deviation from the current loyalty reward system is that Ovato will allow merchants to decide what fraction of their gross profits they wish to issue out as rewards. When a customer enrolls in the program or makes a purchase, they are able to cash in on the reward right there and then. This system will use the blockchain to transfer rewards directly to consumers from the point of sale to their mobile device.

Businesses will enjoy the provision of a low-cost reward system that will reduce their overheads. They will also have access to a global market base and the direct marketing feature will help small businesses appeal to a much broader audience.

Facilitating Social Media Capitalization and Transparent Charity

Network users will have the opportunity to capitalize on the benefits of social media marketing and earn tokens in the process. They can either create promotional posts or share the ones in circulation. Influencers and journalists, in particular, will enjoy the direct marketing feature that cuts out intermediaries who usually charge a hefty commission that eats into their profits.

Additionally, with regards to charitable giving, the platform uses blockchain technology to allow for transparency and reduce wastage. Everyone in the community will be able to see how much has been donated to what cause and this will ensure that all donations get to their destination without any exemption. The Ovato community will vote on this aspect of the platform allowing as much public participation as possible.

The Bitovation Platform

Bitovation is an already existing platform for rebates and rewards within the network that gives consumers bitcoins for participation. This platform has allowed for a pre-established coin distribution ahead of the network launch to facilitate mass adoption.

Token Sale Details

Ovato is planning a crowdfunding event to raise the capital required for platform development and release. This ICO will offer the platform’s native ERC20 token, OVT with an aim of raising $30,350,000. This will start on March 27, 2018 and run till April 17, 2018.

More information on the Ovato platform and its ICO is available on the network’s official website.

There is nothing new in a token serving as a representation of an asset with certain value. We can take subway tokens or casino chips for example. In this case, tokens represent money we pay for using public transport or put at stake while gambling. But the money is a kind of token too as its face value exceeds the cost of production. Taking this into account, the tokenization is by no means a new phenomenon, but the blockchain technology does give a new impulse to the process.

People buy many different assets, like stocks or gold, in order to invest their money rather than to use the assets day-to-day. They don’t need to get gold bars stored in the living room, they just want to own a certain amount of gold and have an ability to trade it anytime they want. Similarly, when buying Facebook or FedEx shares, you don’t want to obtain some tables or chairs from the company’s office. All you need is a paper confirming you are the owner of the shares that are likely to increase in value and thus bring you some profit. Physically, you buy paper instead of goods. Furthermore, all the paperwork is usually replaced by electronic transactions.

The blockchain-based tokenization is the next step in this evolution. While traditional electronic transactions rely on a trusted third party, assets on blockchain are managed directly by the owner, with no middlemen needed. Data in the distributed ledger is secured by the technology instead of any people or companies. That’s the way to make the transactions cheaper, faster, and safer than ever before.

The improved commodity and security management is the most obvious benefit of the tokenization, but not the only one. The blockchain can secure any kind of data, so the possibilities it offers are almost limitless. While many blockchain platforms issue tokens mainly to attract investment, other platforms do offer new solutions to old problems of different industries. For instance, the Loci project tries to tokenize patent process and thus make it less expensive and time-consuming. You can use LOCI tokens to buy and sell intellectual property secured by a blockchain. Another interesting example is a social media platform Steemit which is tokenizing blogging and social networking. The platform uses different types of tokens to reward bloggers who create useful and engaging content. You can also look at the Brave browser with its Basic Attention Token (BAT). The project aims to improve digital advertising as a whole and make it profitable and useful not only for publishers and advertisers, but for consumers as well.

These are just some of the dozens of blockchain platforms contributing to the global process of tokenization and trying to improve various sectors of the economy. Moreover, the tokenization has potential to create new economic segments from scratch. At least, that’s what the DMarket project aims for. It’s a blockchain-based marketplace for trading virtual items from video games. Such items are already being traded on different platforms, but the market is limited to a few games and a few percents of gamers. Security issues and complicated data synchronization are probably the main limiting factors in this case. DMarket intends to resolve the issues with the help of the blockchain technology. By connecting plenty of different games to the trading platform powered by the DMarket Token and securing all the related transactions, the project team is creating a new multi-billion dollar market that is going to turn virtual assets into a new type of everyday consumer goods.

Summarizing all of the above, the tokenization has the power to improve different existing industries and even to create whole new segments of the economy. Among other things, it means that a tokenized asset is likely to gain added value compared to the same untokenized asset because of the improved security, increased speed, and reduced costs of the related transactions.

Ripple, the blockchain-based payments company and creator of the XRP crypto coin, wants to invest in startups and technology companies to develop more uses for XRP.

Ripple CEO Announces Startup Investment Strategy

XRP is only behind Bitcoin and Ethereum based on market cap, with a total of $30.5 billion as of writing, about half of Ethereum and a fifth of Bitcoin. Having peaked to $128 billion market cap during the cryptocurrency rush in late 2017, XRP lost value in the subsequent market crash and has also come under fire for a perceived lack of use as it attracts only cross-border payment services as customers.

Brad Garlinghouse, Chief Executive Officer of Ripple spoke to TechCrunch on the sidelines of Money2020 in Singapore:

“We, Ripple, will stay focused on solving that institutional use case, but we would certainly partner with companies that are looking to use XRP in lots of different ways”.

On account of those plans, Ripple and two of its executives led a $25 million investment in Omni, a San Francisco-based startup that offers storage and rental services for goods. Omni will be introducing XRP within its service. “You should expect that you’ll see more of those,” Garlinghouse added.

Garlinghouse Believes Banks will Eventually Adopt Ripple

The new strategy of putting money into micro-payments and marketplace companies that could use their product or platform is a reminder that Ripple is diverging from its core value proposition: a cryptocurrency that banks and financial institutions will use.

The CEO of Ripple is not yet worried about the lack of adoption by banks as he believes it will take time but change will come. Having founded VoIP company DialPad, which was acquired by Yahoo and has become standard, Garlinghouse reminded the audience that current AT&T chairman Randall Stephenson once said it would never take off.

Ripple has been criticized for failing to attract banks to XRP, with its public customer base consisting of cross-border remittance services that are trialing XRP as one currency within their payment flows.

On stage at Money2020, Garlinghouse used U.S. President Donald Trump’s expression “fake news” to dismiss concerns around volatility in XRP for payment services. He argued that the bumpy highs and lows of crypto wouldn’t impact a sale directly because payment completion takes only a number of seconds.

Banco Santander has debuted Ripple’s international payment system in February and introduced the service in four countries simultaneously, with full transparency on fees and FX upfront.