El Salvador proposes a bill aimed at adopting Bitcoin as legal tender. In a video–recorded ad shown at the 2021 BitCoin Conference in Miami, President Nayib Bukele stated that he would submit the bill this week.
READ ALSO: Manchester City Soccer Club kicks in a fan token with Socios
Jack Mallers, the CEO of Zap — a Bitcoin investment and payments company that transacts over the Lightning Network — announced the news at the Bitcoin 2021 conference, saying that his company was working with El Salvador and Bukele to implement the Bitcoin standard.
Although the bill will still have to be examined by the legislature of El Salvador, Bukele‘s political party is in firm control of the house, so approval seems all but assured.
If approved, El Salvador would become the first country in the world to adopt bitcoin as a legal tender.
At the Bitcoin conference, Mallers framed the buckles proposal as a resistance against the unprecedented printing of money by the USA. The Federal Reserve, which, according to him «crushes emerging markets» such as El Salvador‘s dollarized economy.
English Premier Organization soccer club Manchester City is debuting a blockchain-based fan token, promising cost-free symbols for signed up Person fans. Major English football club Manchester City is the most up-to-date sports club to launch its blockchain-based token to power new electronic fan interaction devices.
According to the news Friday, Manchester City has partnered with fan engagement platform Socios.com to release the CITY fan token on the Chiliz blockchain. Like various other European clubs like FC Barcelona and Juventus, Manchester City will now choose to offer VIP incentives, club promos, games, AR-enabled attributes, and polls utilizing its follower token.
READ MORE: Binance Founder Gives Nigeria Two Options After The CBN Ban On Bitcoin, Other Cryptocurrencies.
Senior vice president of global partnerships, sales at City Football Group, Stephan Cieplik, the parent company of Manchester City FC, said that participants of the club’s Cityzens subscription would certainly be eligible to obtain a free CITY follower token. “Every existing signed up Cityzen will additionally be qualified for a cost-free token so they can access the full range of advantages as well as rewards,” Cieplik stated.
Alexandre Dreyfus, CEO of Chiliz, as well as Socios, claimed that the newly released fan token would certainly offer fans distinct electronic and real-life rewards as well as experiences as soon as COVID-19 limitations are raised.
Competing in the Premier League, the top level of English football, Manchester City, is apparently the 5th most beneficial football club globally, with an approximated value of $2.7 billion as of 2019. Manchester City came under extreme criticism after the club was offered a two-year restriction from European club competitions for breaching Financial Justice rules last year, which was at some point rescinded on charm.
As previously reported by Cointelegraph, the Chiliz (CHZ) token– the indigenous token of the blockchain platform produced by Socios– has seen a parabolic increase over the past numerous months, hitting a $1 billion market cap. At publishing time, CHZ market cap stands at $3.8 billion, according to information from CoinMarketCap. In early March, Chiliz finished a $50 million financing round as part of its growth plan right into the United States.
The Binance founder, Changpeng Zhao, the largest cryptocurrency exchange platform globally, has provided options on how Nigerians can safeguard their money. Following an embargo on cryptocurrency trading by the Central Bank of Nigeria (CBN).
Following the CBN statement on Friday, that prohibited the use of bitcoin and other cryptocurrencies in Nigeria. CBN Directing all banks and other financial institutions to distinguish and shut down accounts used to trade cryptocurrency.
READ ALSO: US PayPal Users In Can Now Buy, Hold And Sell Cryptocurrencies
During the confusion that gripped many Nigerians that trading the decentralized currency, Changpeng Zhao reacted to the CBN embargo on Twitter, advising Nigerians to take the withdrawal option by pulling out their Naira Binance early as possible to avoid system issues.
However, he stated that Nigerians willing to continue investing in cryptocurrency could take the convert option, which enables them to convert their Naira on Binance to Crypto without leaving the platform, “Crypto is not affected. Also, looking at other P2P fiat options.”
While making the suggestions, Zhao said he “Received notice from our channel partners that NGN (Naira) deposits and withdrawals will be affected. Still confirming details on when/how. Please withdraw your NGN (Naira) as early as possible to avoid potential channel issues. Will share more details as they become available.”
Zhao also disclosed that the penance platform would no longer receive Naira deposit as the cryptocurrency platform has disabled deposit feature, “To err on the safe side, we have also disabled deposits to prevent more NGN (Naira) coming in.”
While addressing a Nigerian user, Zhao said, “Don’t deposit NGN (Naira) anymore. We don’t want any of our user funds to be stuck somewhere. Just to be safe.” The cryptocurrency users can store or deposit cash on a cryptocurrency exchange like penance, bacon, Bundle Africa, Quidax, and Paxful convert to Bitcoin, Dogecoin, Ethereum, Litecoin and other cryptocurrencies when users want.
Meanwhile, Zhao warned that the CBN ban ordering banks to stop working with cryptocurrency exchange would not prevent peer-to-peer transactions, leading to a boom in the P2P segment, “It is likely that the Nigeria banks will stop working with exchanges. P2P trading will likely flourish as a result.”
Nigeria is the second-largest market for cryptocurrency in the world, and P2P is the most used medium of transactions on the crypto exchange platforms. P2P means direct transactions between two individuals without the involvement of the exchange itself.
PayPal revealed today it’s dropping the waitlist to purchase, offer and hold cryptocurrency in the U.S. With the relocation, all consumers in the U.S. will have the ability to buy cryptocurrency straight from within their PayPal accounts. U.S. consumers will likewise lookout to the brand-new function through both a push and an e-mail notice in the coming days, the business states.
The function was currently partly offered in the U.S. prior to today, however, PayPal had actually been onboarding interested consumers by means of a waitlist. With the upgrade, users will no longer need to wait in an area to open.
READ ALSO: What Is Digital Currency-How Does It Work
In addition, PayPal states that due to preliminary need from its clients, it’s increasing its weekly cryptocurrency purchase limitation from $10,000 each week to $20,000 each week.
In October, PayPal had very first revealed its strategies to get in the cryptocurrency market by way of a collaboration with cryptocurrency business Paxos. This partner assists to power the brand-new service for PayPal, allowing its clients to purchase, hold a variety and offer of cryptocurrencies– at first consisting of Bitcoin, Ethereum, Bitcoin Money and Litecoin.
By next year, PayPal prepares to enable users to make PayPal purchases with cryptocurrencies also, the business has actually stated.
In regards to currency exchange rate, PayPal will charge $0.50 USD on deals approximately $24.99 USD, 2.3% on deals from $25 to $100 USD; 2% on deals from $100.01 to $200 USD; $1.8% on deals of $200.01 to $1,000 USD; and 1.5% on deals over $1,000 USD.
PayPal keeps in mind there are no costs for holding crypto in your account. And, to get things begun, PayPal is waiving costs up until 2021.
The business rather silently divulged the news today through an upgrade to last month’s news release. It states users can download the PayPal app or log in to their PayPal account to read more.]]>
What is digital currency? It is specified as cash kept and moved in digital type. Sounds easy enough, however, how does it all work?
This kind of currency is believed to be excellent to utilize for making purchases on the internet since if it works the method it was suggested to, deals ought to be untraceable and rather confidential back to the payer or user.
This suggests that hackers would no longer have the ability to collect individual details from individuals who utilize their charge card to make online purchases. This would undoubtedly reduce the variety of taken identities that take place every day.
To assist you to comprehend more of, “what is digital currency?” I have actually done a fair bit of research study on the subject and have actually discovered that there are a number of various types out there, each with its own distinct qualities.
READ ALSO: US Securities and Exchange Present “Safe Harbor” To Regulate Cryptocurrencies.
1. Digital Gold Currency – This type is backed by gold kept in vaults. The gold supplies an additional step of security and if you hold this kind of currency, you might straight exchange it for solid gold bullion.
2. Central Currency Systems – these resemble PayPal and these businesses enable you to send out cash all over the world as long as you have cash in the account. For some services offered by these kinds of business, you get charged a cost on the receivers end of the deal.
Decentralized Currency Systems – Like Bitcoin are all based on cryptography and/or trust networks. Called Hard Electronic Currency, it is meant to be more like utilizing the money to make your deal however your deal is non-refundable when made.
The E-cash concept has actually progressed in addition to the advancement of the Web. When making a purchase, individuals simply do not feel comfy with offering their individual credit card info over the Web.
A lot of bad things can occur like identity theft. Nobody desires their identity taken.
So, numerous business has actually tried to develop this kind of payment or monetary system to lessen the dangers of shopping online.
Numerous nations have actually effectively produced systems for “internal” usage such as Hong Kong’s Octopus card. This card works similar to a sort of debit card where the user loads cash onto the card and after that, all the cash is transferred into a bank. They can then utilize the card for anything they require to utilize it for.
Some nations are dealing with or have systems that enable the user to move cash through mobile phones. I believe this is rather like what Chase lets their consumers do. Their clients can take a photo of their check, front and back, with their phone and make their deposit digitally.
I do hope that this provides you with some concept of what is a digital currency and how it is trying to take its location on the planet of e-commerce. There might be a bit more to it than I might explain in simply one little post however I believe you can get a great concept.]]>
To be sure, the advent of the Details Age has actually brought lots of exciting changes to numerous old industries, consisting of the world of travel. Prior to the Web became so popular, travel was an item offered nearly specifically by travel companies who were, in turn, working mainly for airlines. However, the changes as it was have actually managed to permeate the thick layer of skin that travel bureau appeared to have and gradually, policies are being adapted to match the new requirements of journeys and the changing attitudes of travel representatives in general.
With work at home opportunities cropping up online almost every day, many people are beginning to eschew the rat race and the busy lifestyle that in-house workplaces use. And it is for this reason that workers and many of them are take trip agents, are now trying to discover methods of earning money by working from the home.
Work at home chances is offered for almost any aspect of the tasks industry. You can find work at home chances in the location of composing, information entry, clerical tasks, little companies, and even work as a travel representative. For the purpose of uniqueness, this post will focus on the home-based career of a travel agent and some tips on how to be effective at it.
READ ALSO: Cryptocurrency For Africa To Launch Soon.
How to Set Up Your Work at Home Office
Naturally, when you’re just starting on a new job, one of the numerous things that you’re going to consider is your office. With work at a home task, your office should work as the central point where all things relating to work are relegated. Nevertheless, when you’re working as a home-based travel representative, you do not truly need appropriate work at a house office. You can start working immediately, doing your company as a travel representative, without having to set up your work at the office.
What are the absolute requirements of a travel representative? You might extremely well make your calls and do the things that a travel representative is expected to do in the dining room and your clients would never recognize the distinction. Just do your work at home job and the rest just falls into location.
What are Features and Benefits?
The work at house travel representative requires to know and comprehend the distinction amongst the two elements of an item– advantages and functions. These two are essential in order to unlock the needs of your customers.
The feature is a component of the product that you are providing. So when the work at house travel agent says “first-class” flight, the term “very first-class” is a function of that specific flight.
A benefit describes the positive outcomes or result that the prospect can delight in from the feature that the travel representative is using. So going back to the very first example, there are numerous benefits that you can delight in from a very first flight, more so than when you are say flying commercial.]]>
From the latest ranking of Forbes Magazine, Aliko Dangote is still going strong in the business world, Forbes Magazine has just released the latest list of African Billionaires for the first quarter of 2020. According to this latest Forbes’ Africa Billionaire List, the founder and Chief Executive Officer of Dangote Group, Aliko Dangote, is still Africa’s richest man.
By Forbes’s latest ranking, Aliko Dangote presently has a net worth of $10.1 billion, beating Nassef Sawiris’ $8 billion net worth that earned the Egyptian billionaire the second place on the list.
Recall that Aliko Dangote’s Dangote Group is a household name in Nigeria and neighboring countries, his Dangote Group has Cement production plants in Nigeria, he is also the major importer and producer of flour and sugar in Nigeria, and his refinery is reportedly nearing completion. Aliko Dangote is reportedly the highest individual employer of labour in the whole of Africa, Dangote made his fortune from running the Dangote Group following international standards.
Also in the list is another of Nigeria’s, the Forbes list placed Mike Adenuga in the third position with a net worth of $7.7 billion, Adenuga shared the third spot with South Africa’s Nicky Oppenheimer.
Mike Adenuga, who made his fortune from banking, oil production, and telecom, is Nigeria’s second richest man, second to Aliko Dangote, Mike Adenuga’s Globacom is the third operator with the widest coverage in Nigeria.
Nigeria’s amazon and richest woman, also made the Forbes list of richest people in Africa, Folorunsho Alakija who has always held her own in a male-dominated business arena, was recorded as having a net worth of $1 billion, thus earning her the twentieth position on the list.
Bravo to the Iron Lady from us at flawlessview.com, we do sincerely wish her rise on the list and more grease to her business elbow
Here is the full list:
Aliko Dangote $10.1 billion
Nassef Sawiris $8 billion
Mike Adenuga $7.7 billion
Nicky Oppenheimer $7.7 billion
Johann Rupert $6.5 billion
Issad Rebrab $4.4 billion
Mohamed Mansour $3.3 billion
Abdulsamad Rabiu $3.1 billion
Naguib Sawiris $3 billion
Patrice Motsepe $2.6 billion
Koos Bekker–$2.5 billion
Yasseen Mansour–$2.3 billion
Isabel dos Santos – $2.2 billion
Youssef Mansour – $1.9 billion
Aziz Akhannouch – $1.7 billion
Mohammed Dewji – $1.6 billion
Othman Benjelloun – $1.4 billion
Michiel Le Roux – $1.3 billion
Strive Masiyiwa – $1.1 billion
Folorunsho Alakija – $1 billion
Though there is the general assumption that most “whales” in the crypto world are located in the US, the US policy on cryptocurrencies has been anything but encouraging, this is why, as many nations like China and Australia are prepping up for the crypto age, the US has continually clammed up on the issue, but all that is about to change now.
Judging by reports emanating from Washington, Hester Peirce, the US Securities and Exchange Commissioner, is said to have come up with a way whereby the thorny issue of how to regulate the digital asset, Hester Peirce is reported to be about presenting a new proposal on the subject.
According to those in the know, she plans to de-classify these blockchain-based digital assets as financial securities, at their early stages.
Besides cryptocurrencies like Bitcoin (BTC) and Ether (ETH) that are exempt from US securities laws, under the present laws, Initial Coin Offering (ICO) are classified as securities and this is considered a high risk especially taking into consideration that most of these ICO do not make it as projected.
Hester Peirce’s safe harbor proposal is reported to have taken care of this issue, according to insider comments, some breathing room will be given to companies that issue digital tokens to establish active networks and communities.
During last Thursdays International Blockchain Congress, held in Chicago, Hester Peirce said that she was recommending that companies that were offering ICO be given a three-year grace period to build their networks so that their token sale would reach appreciable levels of decentralization before being burdened with meeting regulatory requirements, at which point they may be classified as securities under the federal securities laws.
This latest proposal by Hester Peirce has been applauded by leaders in the crypto world and they all agree that this approach will actually help to regulate the cryptocurrencies industry, according to most of them, the approach is a welcome procedure that lightens the ICO process and will encourage US entrepreneurs and stem the tide of those taking their crypto-based businesses to other countries/governments with more friendly framework for cryptocurrencies.
The CEO of Binance, Catherine Coley, had this to say,“If adopted, the proposed safe harbor could be the most groundbreaking development for the US cryptocurrency market to date…
By putting development first and giving projects runway to build robust networks, the proposed safe harbor puts an important stake in the ground towards supporting American access and acceptance of digital asset markets. In the long run, it will help bring more Americans into digital asset trading and foster greater network participation.”
According to the proposal,
“The analysis of whether a token is offered or sold as security is not static and does not strictly inhere to the digital asset.”
Speaking on the subject, Blockchain Protocol Kokinos CEO, Steve Kokinos, said that the proposal was an important step for blockchain innovation.
“The blockchain industry and regulators need to continue a healthy dialogue for the US to truly become the global and responsible leader in blockchain innovation.”
The general counsel of institutional crypto custodian Anchorage, Katie Biber, had this to say
“We urge the Commission to move promptly to adopt it and to consider other innovative ways to increase investor choice in the digital asset space.”
It is expected that with the acceptance of Peirce’s proposal, strict rules for crypto and blockchain projects would be put in place, these rules will regulate the raising of capital via token sales, it is expected that the issue of personal disclosures will be address, it will be mandatory for source codes to be disclosed, investors must be well informed through adequate public announcements and the identities of the ICO team members must be made public.
The proposal sets a standard for “network maturity”
“The definition of Network Maturity [for a cryptocurrency] is intended to provide clarity as to when a token transaction should no longer be considered a security transaction but, as always, the analysis will require an evaluation of the particular facts and circumstances.”]]>
That cryptocurrency is gaining notoriety is no news, that it can replace fiat money is no news either, but that Africa is waking up from its “crypto slumber” is the trending news making headlines.
The is positioning itself to be the cryptocurrency of African origin to serve African states.
The ‘AKoin,’ is a proprietary cryptocurrency, released by Senegalese pop singer Akon.
According to Akon’s projections, achieving the feat of making the ‘Akoin’ the unified cryptocurrency for Africa will be rooted in the ‘Akoin’ being the medium of exchange in the futuristic “Wakanda like” Akon city less than ten minutes drive from the new international airport in Senegal’s capital city of Dakar, that debuted in 2017.
The pop singer, Akon, announced to the world via a tweet on January 13, that the ‘Wakanda Like’ Akon city, spread over an area, 2,000-acre, a stone throw from the Senegalese capital Dakar would soon get into its first phase.
Recall that the project was first announced in 2018 and was tagged the smart city that will be built on a 2000 acre plot of land near the capital city of Dakar, a gift by President Macky Sall to the pop icon, Akon.
It is projected that the new sustainable Akon city will be completed in 10 years. According to CNN, the Akon City project will roll into the second phase sometime in 2025.
Akon City will run on the proprietary cryptocurrency, ‘AKoin,’ and this digital currency, as hoped, will be integrated into Africa as a whole.
The cryptocurrency is expected to target African issues such as instability and inflation in the region, and it is also likely to stimulate the growth of young entrepreneurs.]]>
Business social media is an excellent avenue for creating awareness for your business on the social media world. The engages must not be static but must consistently engage customers. Some factors need to build meaningful relationships with your customer. By reaching out to people in your friend and client list, responding to their comments, you can set the agenda.
Pick one platform to start with, whether it’s Facebook, Twitter, LinkedIn, Instagram, or another from the growing list of choices. Learn a little about the channels before you decide. They do have different characteristics and are therefore somewhat different in how you can best present yourself. For example, LinkedIn is more prevalent in the business world and has a substantial international following. Meanwhile, Instagram is more visually oriented. Twitter is very newsworthy, with quick comments and responses, and Facebook has many businesses, but the approach is more social. Each also has slightly different user demographics. Most important, find out which social media platform is the one your customers spend their time on — because that’s where you need to be. Find them and engage.
The tips that help your social media:
Be what you are, copy nobody body. Share, tweet, comment, and post the things that important to you that you cutomer would benefit from it. Don’t try to be what you think others want you to be. And don’t work too hard to make everything perfect; if you do, you’ll either never put anything up, or worse, break trust with your customers. Whether it’s Twitter, Facebook, or Pinterest, what matters are your thoughts? Post things that genuinely interest you and your community.
Engage and engage!
The main primary goal of social media is to build relationships and add value that lasts longer. This is the point where most people fail. They work so carefully to create content and publish it out, but then they fail to advance by engaging with their audience.
That means don’t talk at people but post what you think is cool. Talk with people and engage. Respond to comments. Jump into communities. Share your perspective and point of view.
Document — don’t produce.
Overproduced content tends to turn people off on social media. You need essential contents like video, audio, blog posts, quote boards, pictures, etc. that most people don’t have the time and resources to put it into production and make it look fancy. People don’t care. And they don’t care about what you created last week. They want to get to know you, experience your day with you, and relate to you. As a result, it’s much more powerful to document your life in real-time than it is to take a bunch of time honing and polishing one piece of content to a high sheen.
Do you know that guy at a party who always wants to sell you insurance? Don’t be that guy. Get to know people, engage honestly, and join in the conversation … don’t dominate it. Giving advice and offering suggestions will make you seem helpful, knowledgeable, and trustworthy. Get people to ask you about yourself, rather than telling them about yourself, and they’ll be more receptive.
Commit yourself to a daily “hour of power.”
Getting started with these technologies is quick and easy. Opening an account costs nothing, and posting is free. In a few minutes, you can be up and running. Within an hour, you can reach out and connect with friends, co-workers, and customers.
Spend one hour per day during your launch, engaging with the community. That’s it. In one hour a day, at zero cost, you can build an army. The value in time and money is negligible, but the potential payback in exposure and attention is incalculable.
Monitor and protect your brand.
Make sure to regularly frequent the sites, feeds, and pages that discuss your industry, product, or service. Look for posts that mention your company. Respond to comments and complaints, using them as opportunities to engage, build trust, grow your brand, and collect market research. If you pay attention, you can get ahead of potential problems.
Invest in sound.
If you’re posting video or audio content, keep a couple of things in mind. Even though your color, background, and production values may not be perfect, good sound is significant. Buy a lavalier microphone for quality sound and, whatever the source of your video, be sure there’s enough light for people to see you. You don’t need to spend a lot of money, but this is one detail you should invest in.
Tell them how to reach you.
Make sure your follower understand how to get hold of you. If possible, make your web address, email address, phone number, and social media handle avaliable. If possible, keep the same handle across your social media platforms.
Social media offers many chances to build a massive sales force that would be effective than anything you can put on staff. Your crowd-sourced sales force will be out there telling other people who are interested in your product or service all about you. People are much more likely to trust your brand and make a purchase based on a friend’s referral than by listening to anything you have to say.]]>