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Civic (CVC) Gets a Crypto Charged Beer Vending Machine: Enables Blockchain ID Verification

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Civic (CVC) has just become another crypto to get its vending machine, and although not the first digital asset to achieve this, Civic has found its purpose in real life. We all remember that IOTA got its own crypto charging station for electric vehicles, which is based in the Netherlands, with the plan to expand to other countries as well. With this achievement, IOTA has become the first crypto to have its own vending machine, however, Civic followed up soon afterward after partnering up with Anheuser-Busch InBev.

Civic Gets a Beer Vending Machine

Weeks ago we were able to witness IOTA becoming the first currency to get its own charging station for electric vehicles that is driven by IOTA’s network Tangle, that way making IOTA the first crypto to get its own vending machine.

However, IOTA is not the only crypto with this title, as Civic just joined it as a product of the recently sealed partnership with Anheuser-Busch InBev.

Thanks to this partnership, Civic has got its own beer vending machine that is operating on CVC units.

Moreover, Civic has stepped up its game by enabling a feature that allows the vending machine to recognize the age of the user by using blockchain-based information, that way preventing a minor to use the vending machine and buy alcohol illegally while using Civic.

This is pretty important for Civic as well as for regulatory purposes of blockchain-based assets, as although Civic allows transparency, safety and anonymity with transactions, it shows that it doesn’t support lawbreaking, so the feature of age recognition is a pretty neat addition to the system of this vending machine.

At the same time, with this move, Civic showed that this digital asset owns the technology needed for mass adoption and applied blockchain technology for real-life purposes, also demonstrating the functionality of blockchain-based technology.

The vending machine was presented at the Consensus 2018 that was held during the last week and the announcement about the beer vending machine running on crypto came out around May 13th.

At the Consensus, investors could go ahead and try the beer vending machine. The team behind CVC claims that the vending machine could be easily modified to respond to Bitcoin and other digital assets as well.

The team behind Civic stated that they also wanted to change the fact that “we trust our ID verification to people who are often unqualified”, they wanted to change that and since they have enabled the feature of age recognition, Civic stated that they have enabled anonymous blockchain-based ID verification.

How Is Civic doing at the Current Moment?

The market is once again adopting a sluggish trend so we can see the majority of currencies going down with the market trend while trading in the red.

CVC is not an exception, so we can see it dropping against the dollar as well.

During the course of the last 60 days, CVC has shown a positive move in the market as we can see it rising up by 22% against the dollar in the period of the last two months.

However, the period that followed afterward didn’t do so well to Civic so we can see CVC dropping against the dollar in the period of the last 30 days while trading in the red by -13%.

Likewise, we can see it dropping on its weekly charts, including the chart during the last 14 days where CVC is seen dropping against the dollar by -24%.

In addition to trading in the red in the last 14 days, CVC is also dropping against the dollar in the period of the last seven days so we can see it trading in the red with a drop of -16%.

Following the latest change in the market and with the majority of the currencies going down in the red, Civic is also dropping at the end of May 21st and the beginning of May 22nd.

After the most recent change in its value, CVC has gone down by 4.69% against the dollar, while it also going down against ETH and BTC.

During the last 24 hours, CVC has dropped against BTC by over 3% while trading in the red against ETH by over 1%.

Civic can now be traded at the price of 0.322$ per one unit, which is still far from its record price of around 1.33$ per one CVC as set back in January.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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