• Cryptocurrencies,  Regulation,  Technology

    Italy PM: Digital payments a solution to ‘shadow economy’

    Prime Minister Giuseppe Conte believes that digital payments can decrease tax evasion, and banks call digital assets revolutionary—but Italians are unconvinced

    Local finance news outlet Il Sole24Ore reported on Sept. 8 that Conte believes that digital payments would result in the financial system being “faster, more transparent and traceable which in perspective means creating for recovering the shadow economy.” He explained that all this could result in lower taxes for all of Italy:

  • Technology

    VeChain serves up ready-to-use blockchain applications for food safety

    In an attempt to sweeten the deal for food brands reluctant to turn to blockchain because it’s expensive, the traceability company has released a cost-conscious platform

    Although the technology shows a lot of promise, there’s one problem with creating a food-tracking blockchain: it requires an upfront investment, making it expensive for companies to embrace. Many end up building their own applications from scratch, and struggle to understand exactly how it works.

  • Coca Cola Amatil Invests in Crypto
    Cryptocurrencies,  Technology

    Coca-Cola Amatil Invests in Crypto Payments Firm Centrapay

    Consumers can already use Centrapay’s wallet app to pay at more than 2,000 Coca Cola vending machines with over 100 cryptos

    “Amatil’s customers can use their Sylo Smart Wallet at any one of our 2,000+ vending machines with a QR code payment sticker,” said Alex Remington, head of Amatil X. “These are located across New Zealand and Australia and will accept payments in cryptocurrency or other digital assets with a scan of your phone’s camera when Sylo Smart Wallet is installed.”

  • Higo Bank Ripple MoneyTap
    Technology

    Higo Bank Joins Ripple-Based Digital Payments App MoneyTap

    The financial institution is joining MoneyTap in order to tackle the high settlement fees in Japan

    Ripple-based payments app MoneyTap is meant to tackle the high cost of interbank money transfers in Japan. It also enables 24-hour payments, as these are limited to traditional bankers’ hours in Japan.

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