News Thailand plans to use blockchain for VAT refunds

Starting November 28, foreign tourists in Thailand will be able to claim VAT refunds via an application. The Finance Ministry is currently creating a blockchain-based VAT refund service. It is believed that this service will help to speed up the process of getting VAT refunds. This is because details of the purchases tourists make will immediate...

News Former US Fed Chairman does not see the need for CBDCs

Former Chairman of the US Federal Reserve Alan Greenspan recently made his views on central bank digital currencies (CBDCs) known. According to him, he does not think they serve any meaningful purpose. The comments were made during the Caijing annual conference held on November 12. Greenspan said that there was no reason why any central bank sh...

News Coca Cola using blockchain to manage its supply chain

Ever since its introduction in 2009, cryptocurrency has been captivating the interest of individuals and companies alike. Cryptocurrency is built on the basis of blockchain technology, a key part in the revolution and optimization of the financial sector, which also boasts a variety of other benefits. Therefore, it is clear why companies are eag...

News These blockchain phones are pioneering the digital world

As cryptocurrency continues to revolutionize the financial sector, many other industries are following in the hopes of flourishing. Cryptocurrency was built on the basis of blockchain technology, enabling a global, faster, more secure and more transparent transfer system when cash and banks couldn't meet demand. But crypto didn't stop at Bitcoin...

News China passes cryptography law; President Xi wants to increase blockchain adoption

It's been 10 years since the creation of cryptocurrency, first introduced through the Bitcoin whitepaper, yet the mainstream world is only now starting to realize the revolutionary opportunity of blockchain technology. Some companies would go on to accept cryptocurrencies while others would implement it within their business plans, but countries...

News Understanding decentralized crypto exchanges

Most trading in the crypto world takes place through centralized exchanges. Some of the most popular centralized exchanges are Binance and Coinbase. Such exchanges hold a person's crypto coins and facilitate trading in crypto assets. However, these marketplaces can be vulnerable. In the past few years, a number of high profile centralized exchan...

News Popular car companies to trial blockchain-based payment system

We have come a long way since horse-drawn carriages. In an ever-moving world driven by innovation, even the basics of the wheel are being revolutionized by blockchain technology. Blockchain was first introduced to the world through its implementation in cryptocurrency, outlined in Bitcoin's whitepaper in 2009, and has since developed into the in...

News Mark Zuckerberg to fight for Libra before Congress

The course of the crypto revolution has barely reached its peak as big corporations are only now noticing and implementing blockchain technology. Since its initialization in 2009, cryptocurrency has come a long way in adoption but its potential has hardly surfaced. Many projects are incorporating blockchain technology into their business models ...