#CryptoCorner: Alibaba (NYSE: $BABA) Has 2 #Blockchain Patents Approved in the US, Japan’s JCB Enters Agreement with Paystand, Bitfinex Launches Credit and Debit Purchases for #Crypto
#CryptoCorner: Alibaba (NYSE: $BABA) Has 2 #Blockchain
Patents Approved in the US, Japan’s JCB Enters Agreement with Paystand, Bitfinex
Launches Credit and Debit Purchases for #Crypto
Point
Roberts, WA, Delta BC December 23, 2019 -
Investorideas.com, a leader in crypto and blockchain investing news
brings you today’s edition of the Crypto Corner podcast and
commentary on what’s driving the cryptocurrency market .
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Stocks
discussed: (NYSE:BABA) (NYSE:IBM) (NYSE:BAC)
According to a report from CoinDesk,
Chinese internet and tech firm Alibaba (NYSE:BABA)
recently had two blockchain-related patents approved by the U.S. Patent and
Trademark Office (USPTO). The report indicates that “one patent aims to reduce
the time to verify block data, while the other is designed to help participants
set a validity period for a transaction in a blockchain network”. Chinese
blockchain outlet Chain
News writes that Albaba is “leading the industry in patent
strength, ranking among the top three in the "2019 Blockchain Patent
Comprehensive Strength List”, and the CoinDesk report states:
“Alibaba
applied for the most blockchain patents in 2018 with 90 blockchain-related
technologies, followed by IBM [NYSE:IBM] and Bank of America [NYSE:BAC].”
Japan-based credit card giant JCB
Co., Ltd. has entered into an initial agreement with blockchain payments
platform Paystand “to provide the first end-to-end digital payment platform for
Japanese enterprises and JCB customers”, according to a recent press
release. Paystand CEO Jeremy Almond commented:
“The challenges faced by B2B companies
across the globe are similar: they are burdened by a commercial payment
infrastructure mired in pre-internet technology. As a result, they are saddled
with a legacy system rife with costly transaction fees, manual processes, and
delays. Our relationship with JCB is yet another indication that enterprises in
all markets are demanding easy, secure, frictionless business payments that
leverage digital technology. JCB is an iconic, globally recognized brand in
financial services and we are excited to partner with them to introduce better
business payment technology to their customers and other companies throughout
Japan and Asia..”
A new bill has surfaced in the U.S.
Congress called the Crypto-Currency Act
of 2020, which is aimed at bringing clarity to the regulatory status of
cryptocurrencies. An article from Forbes on the
subject indicates that the bill’s
“stated purpose is to clarify which Federal agencies regulate digital
assets, to require those agencies to notify the public of any Federal licenses,
certifications, or registrations required to create or trade in such assets,
and for other purposes”.
Crypto exchange Bitfinex announced
via Twitter the
arrival of a new feature which allows users to buy crypto using their debit and
credit cards. The company’s official website reads:
Whether
it's Bitcoin [BTC], USDt, Ethereum [ETH], or any other ERC20 tokens, pick your
favorite and purchase with your credit or debit cards directly.
Buying
Cryptos has never been easier
Sam Mowers, Investorideas
For investors
following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain
and Digital Currency Stocks Directory
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