Yet Another Football Cryptocurrency Announced & IBM to Blockchain Riyadh Municipal Services
Further falls in the cryptocurrency markets overnight, reducing the global cryptocurrency market cap by $7 billion to $246 billion. Bitcoin fell by $188 to $6190 and Ethereum dropped $20 to $433.
IBM has been chosen as a strategic partner to develop and implement a blockchain solution in the Riyadh municipality of Saudi Arabia. The partnership will see IBM collaborating with the regions technology partner, Elm Company to provide government services and transactions using blockchain as part of the Saudi Vision 2030 program aimed at transforming the country’s economic reliance on oil production through significant investment into the private sector and improving municipal services for its citizens, in addition to working towards an e-Government model.
Yet another footballer is climbing aboard the cryptocurrency bandwagon, this time Brazilian Ronaldinho is making headlines with the announcement of his NEO blockchain based currency “Ronaldinho Soccer Coin (RSC)” developed in partnership with World Soccer Coin (WSC) based in Malta. Whilst not the first and unlikely to be the last footballer to create a cryptocurrency, Ronaldinho’s project has a very familiar concept behind it as the last football related project we reported on back in May, the “Owen Coin” (OWN) announced by UK footballer Michael Owen which was being developed in conjunction with GCOX. Whilst a significant part of the global population has an interest in football, one has to wonder how many football related coins the market can support – particularly if there are no groundbreaking differences or benefits between them.
Global payment service provider and competitor to cryptopayment solutions PayPal find themselves in a rather embarrassing situation after sending a breach of contract notice and threatening legal action to a grieving husband stating “You are in breach of condition 15.4(c) of your agreement with PayPal Credit as we have received notice that you are deceased,” and “this breach is not capable of remedy”. According to reports PayPal claimed their response was likely caused by “either a bug, a bad letter template, or a human error” and has subsequently cleared the debt and are looking into the matter.
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Created: Thursday, July 12, 2018
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