Monday, July 13, 2020

#CryptoCorner Episode 424: Singapore Reports On #Blockchain #Payments Platform, Telefonica (NYSE: $TEF), Deutsche Telekom and Vodafone (NasdaqGS: $VOD) Finalize Joint Blockchain Trial


#CryptoCorner Episode 424: Singapore Reports On #Blockchain #Payments Platform, Telefonica (NYSE: $TEF), Deutsche Telekom and Vodafone (NasdaqGS: $VOD) Finalize Joint Blockchain Trial


Point Roberts, WA, Delta BC July 13, 2020 -  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 cryptocurrency stocks and the crypto market.

Listen to today’s Crypto Corner Podcast:  



Stocks discussed: (NYSE:TEF) (OTC:DTEGY) (NasdaqGS:VOD) (NasdaqGS:FB)

joint report from Singapore’s central bank, the Monetary Authority of Singapore (MAS), and Temasek, a government-owned holding company, was released today and announced the successful conclusion of the fifth and final phase of its blockchain payments platform Project Ubin. Sopnendu Mohanty, Chief FinTech Officer, MAS, said:

“As with all innovation adoption, there is a time for experimentation, and a time for commercialisation. Project Ubin has worked with the financial industry and blockchain community on a journey of experimentation, prototyping and learning. This has built a strong foundation of knowledge, expertise and experience, and paved a path towards commercial adoption. Following the successful experimentation over five phases, we look forward to greater adoption and live deployment of blockchain technology.”

Chia Song Hwee, Deputy Chief Executive Officer, Temasek, said:

“Blockchain technology has great potential in transforming businesses and opening up new business opportunities. Phase 5 of Project Ubin has demonstrated the commercial applicability, viability and benefits of blockchain technology across industries, beyond capital markets and trade finance. This validates Temasek’s efforts in exploring and building blockchain solutions focusing on digital identity, digital currencies and financial asset tokenisation. We look forward to supporting commercialisation efforts emanating from Project Ubin and other application areas, with a view to drive greater adoption of blockchain technology.” 

Telefonica (NYSE:TEF), Deutsche Telekom (OTC:DTEGY), and Vodafone (NasdaqGS:VOD) – telecom giants from Spain, Germany and the UK, respectively – have finalized a joint trial blockchain solution for the settlement of roaming discount agreements, according to an article from Cointelegraph. The solution, which “is expected to reduce capital costs for telcos, support faster revenue recognition, and provide more efficient settlement for their inter-company deals and workflows,” was developed by blockchain startup Clear. Sherif Bakir, CEO of Vodafone Roaming Services, explained:

“With new, more complex technologies like 5G and IoT being introduced, even more radical innovation in roaming will take digitalization to the next level. Vodafone believes blockchain is the solution, and its use will lay the foundation for further sustained innovation. Clear’s solution is a solid demonstration of blockchain’s benefits.”

Japanese media outlet Kyodo reports that the G20 is gearing up to accept digital payments, with further discussion on subjects like regulation to prevent money laundering set for October. The decision is being made in part as a reaction to China’s development of a digital yuan and Facebook’s (NasdaqGS:FB) Libra project.

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .


The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

Follow us on Twitter https://twitter.com/Investorideas
Download our Mobile App for iPhone and Android  


Contact Investorideas.com
800-665-0411



Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories 








No comments: