“[…] Using BSP’s Basic Deposit Framework circular as guide, Cebuana Lhuillier Rural Bank has simplified the process of opening a savings account by requiring only one valid ID and a P50 initial deposit. The micro savngs account can be accessed in any of Cebuana Lhuillier’s 2,500 branches nationwide.
“[…] Financial technology (fintech) firms are playing an important role in improving financial inclusion in the Philippines, where the number of unbanked areas remains high, according to an industry head.
“[…] In its 2017 Financial Inclusion Survey (FIS), the central bank announced that only an estimated 15.8 million adult Filipinos, or 22.6 percent, have bank accounts, while an approximate 52.8 million, or 77.4 percent, remain unbanked. Ownership of a bank account that can be used to save and receive money, as well as pay bills, […]
“In an industry such as the Internet of Things (IoT), blockchain’s capabilities have proven to be a particularly strong fit. Interconnected devices require rapid and transparent verification of data, something blockchain’s ledger can handle exceptionally well. However, some have complained that blockchain’s somewhat rigid architecture makes it well-suited for robustly storing small amounts of data. This means it’s not truly scalable for things such as big data storage that has come to be synonymous with IoT.Continue reading “Blockchain Wars: IOTA's Tangle Takes on Ethereum”
“[…] IOTA and VeChain, on the other hand, provide fee-free platforms. IOTA does so using its “Tangle”. The more people that use the IOTA network, the faster the network becomes, potentially having infinite scalability.Continue reading “Reasons IOTA (MIOTA) And VeChain (VEN) Are A Better Choice Than Bitcoin (BTC)”
“[…] Shortly after the hack was revealed, and in accordance with the official statement by the VeChain Foundation, VeChainStats started to create a blacklist that would assist with tracking down the stolen funds . This allowed exchanges to take the necessary steps and prevent deposits from blacklisted addresses from directly hitting the market.”
Source: Tangles of the Supply Chain