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New IBM Stellar (XLM) blend could soon challenge Ripple (XRP)

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IBM Stellar Ripple

IBM has made an announcement regarding the Stellar blockchain technology, just recently. They will join forces with Veridium labs. This new project will allow for carbon credits to be traded as a token by means of the blockchain technology thus helping consumers and companies to manage their environmental impact better.

Carbon credits are not a new development at all, they’ve been around for several years already. They allow for carbon emissions to be offset among industries and companies so every firm can keep their industrial might up while, at the same time, carbon emissions are kept in check around the world.

The new development, in this case, is the use of the blockchain’s decentralized technology to trade in these credits. This could be a significant development as it will bring transparency to a market that needs it sorely.

This could be the first of many new projects that could be started, sponsored, and developed by IBM and partners using the Stellar blockchain to make all kinds of processes decentralized, safer and more transparent.

Just last October, the technology giant told the world that it was forming partnerships with several banks around the world to use the Stellar blockchain and network to provide international payment solutions that are faster, safer and cheaper than the current traditional transactions. 

Then, on April, IBM’s VP of Blockchain Technologies (oh yes, IBM has one) suggested at more to come.

Public but permissioned

This project will mark the first time in which IBM is coming up with an actual token over a public network. The network is designed to be public but not utterly open. 

It will still include features that will call for the right permissions to do transactions. A spokesperson for IBM stated that the network must be “public / permissioned” because there are regulatory elements in this kind of trade that require for the network to be restricted in some ways.

Stellar (XLM) is becoming increasingly relevant to IBM. And that could change the game for Stellar Lumen. They’ve been striving to contend with Ethereumm as the blockchain of choice for organizations that are implementing decentralization as their way to do business. IBM’s confidence on Stellar brings it credibility in the eyes of the world and the cryptocurrency community.

As thing stands right now, Ripple (XRP) is the most credible crypto coin for global transactions and payments. Their partnership with Banco Santander alone is quite impressive. 

That being said, the partnership between IBM and Stellar Lumen could change things for everybody very quickly. IBM is already one of the biggest companies in the world (and they’ve been the main force behind innovation many times before), so they already enjoy many partnerships with some of the world’s biggest players. It’s an excellent platform for Stellar.

But it’s not just good for Stellar. As IBM becomes involved with a public blockchain network and token for the first time they are forcing skeptics and neutral observers to take the whole crypto technology experiment seriously.

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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.

Image courtesy of Pxhere.com

Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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