Blockchain Report — 9/6/2018

Christopher Durr
Sep 6, 2018 · 3 min read

Summary: Crypto.com Debit Card Arrives In Singapore; Bahrain Government Official Calls Blockchain “A True Mark Of Progress”; Coursera Is Offering A Crash Course In Blockchain

Crypto.com Debit Card Arrives In Singapore

According to Ethereum World News, Hong Kong based company Crypto.com (previously known as Monaco) is preparing to roll out the region’s first ever cryptocurrency debit card. Crypto.com has applied for licenses to do this and plans to issue 100,000 cards starting in Singapore over the next two months.

Crypto.com plans to apply for money lending licenses in Singapore and Hong Kong. Once they complete that, they plan to expand its cryptocurrency debit card services to include cryptocurrency backed money lending. Crypto.com co-founder and CEO Kris Marszalek said:

“To holders of cryptocurrencies, having the peace of mind that you can readily convert back into fiat currencies and cash out is very important. Not all exchanges support crypto-to-fiat transactions, and even if you hold your digital assets at the exchanges’ wallet, the withdrawal process is also complicated. We believe our product addresses a real need, and enhances trust in digital assets…

The credit card business model is one that is bordering on unethical business, as banks make a big chunk of profit from people who cannot afford late fees. These people should not be given a credit card in the first place.”

Bahrain Government Official Calls Blockchain “A True Mark Of Progress”

According to Coin Telegraph, Bahrain’s minister of electricity Abdulhussain Mirza praised blockchain technology at the country’s SmartSec Cyber Security and Blockchain Conference. He said:

“Technologies such as blockchain take us a huge step forward in finding a secure way to facilitate transactions…Blockchain’s ability to protect user’s data is a true mark of progress, especially due to the fact that it can be applied in different companies from different industries including cyber security.”

Besides this, Bahrain has mostly been silent on its views on blockchain technology and cryptocurrencies. Meanwhile, its neighbor Dubai has praised its economy using blockchain, the Internet of Things, and artificial intelligence.

Despite the Bahrain’s government mostly muted stance on blockchain technology, the country did issue its first “sandbox” license to the cryptocurrency exchange Palmex. This will allow Palmex to run a proof of concept for its services while regulators look on and consider necessary controls.

Coursera Is Offering A Crash Course In Blockchain

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According to Fortune, a new Udemy course called “Blockchain: Foundations and Use Cases” is arriving on the platform. The course aims to explain the foundational ideas of blockchain technology in a non-technical manner. The course is a joint development between online learning giant Coursera and ConsenSys.

The course costs $99 and takes approximately 10 hours to complete over a five week period. The course offers a certificate to those who finish the course. ConsenSys CEO Joe Lubin said:

“It’s not about delivering skills but about helping the general population to understand blockchain concepts like decentralization, consensus algorithms, public keys and hash functions.”

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Blockchain Report

Blockchain Report™ is a millennial focused daily news publication and TV show dedicated to delivering the most relevant blockchain and crypto news through social media channels.

Christopher Durr

Written by

I work for ICO Watchdog, BitDiem, and USDVault. All opinions are my own views only. Email: cdurr@uci.edu

Blockchain Report

Blockchain Report™ is a millennial focused daily news publication and TV show dedicated to delivering the most relevant blockchain and crypto news through social media channels.

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