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TabiPay of Aaron System(EveryCoin) advanced to Vietnam

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The Aaron System in Thailand has entered into a partnership agreement and started its services for overseas remittance by using TabiPay with AnyNew Co., Ltd in Vietnam. In addition, they also announced strategic technology alliance to introduce the TabiPay payment system into agricultural and livestock industries’ online shopping mall operated by the GCA (Global Clean Agriculture, www.gcaeco.vn) in Hanoi, Vietnam.

AnyNew, which has signed a partnership for overseas remittance service, is a specialized finance company in Vietnam and is in charge of issuing and managing the cards of Master, Visa, and Union in partnership with banks in Vietnam.

This partnership is expected to increase the usage of TabiPay and expand the users as it will protect the interests of the users and reduce the damages by illegal transaction in the fast-growing foreign remittance market between Vietnam and Korea.

Tabi Exchange, the app that specializes in remittances released by AnyNew, is operated on a TabiPay blockchain basis. In an existing market where there is only one-way overseas remittance app that can be sent from Korea to Vietnam, the launch of the Tabi Exchange remittance app, which enables two-way overseas remittance, will greatly expand the existing market. TabiPay, in conjunction with MasterCard, issues a physical currency card for easier usage and user convenience and made it possible to be used anywhere in the world.

Currently, Tabi Exchange is available for download from the Google Play Store and the Apple App Store.

In addition, Aaron System signed MOU for a strategic technical alliance with Vietnam’s blockchain- specialized GCA in relation to the financial blockchain

GCA (Global Clean Agriculture, www.gcaeco.vn) is a blockchain company headquartered in Hanoi, Vietnam. They are operating Vietnam’s largest online shopping mall in the field of applying tracking technology for the origin of agricultural & livestock products and channels of distribution for the first time in Vietnam. The GCA is planning to use Aaron Platform’s TabiPay as a new payment method for internal system payment modules.

Aaron Jin, CEO of Aaron System, emphasized that Aaron Systems will cooperate to strengthen GCA’s successful blockchain payment system operation by applying TabiPay’s fast and convenient payment function to GCA’s online payment system in Vietnam. He also said that this partnership and marketing expansion would help us start a full-fledged move to increase TabiPay’s usage in Vietnam.

In addition, Aaron Jin mentioned, “Unlike the existing StableCoin, TabiPay is a StableCoin based on EveryCoin. The Aaron Platform must hold EveryCoin of its equivalent value to issue TabiPay, which affects EveryCoin’s liquidity. Therefore, the increase in usage through the expansion of TabiPay’s affiliates will lead to an increase in the value of EveryCoin.”

Aaron System will launch TabiPay not only in Vietnam but also in 10 other ASEAN countries including Cambodia, Indonesia and Singapore, and in other Asian countries such as China, Taiwan, Japan and so on. As a result, TabiPay’s usability and scalability will be increased significantly.

Currently, TabiPay is available for download from the Google Play Store and the Apple App Store.

Aaron Platform

Aaron Platform, developed by Aaron system, is a blockchain financial platform for the people who are out of the existing institutional financial service around the world. This project takes aim at financial innovation through new challenges in the distorted financial market where one-third of the world’s population is not receiving financial services.

Aaron Platform’s financial services features enable people living without existing financial accounts to access financial services easily and conveniently. Based on the multi-blockchain technology, the Aaron Platform integrates by linking EveryCoin(Variable Coin) and TabiPay(Stable Coin) and makes it possible to solve the problem of slow speed of blockchain and high-value volatility. So, it is the project building blockchain ecosystem that can be used easily in real life.

As EveryCoin of 12,340,000,000 EVY using on the Aaron Platform was sold by December 25, 2018, ICO was successfully completed. Currently, it is being traded on Global Exchanges such as IDAX, BITONBAY, IDCM, etc., and make a listing agreement with LATOKEN, P2PB2B, and SistemKoin already.  This year, EveryCoin has also a plan to be listed on about 20 global Exchanges.

Homepage : http://www.everycoin.io

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Five Strategies for Lowering Your Crypto Taxes

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Getting taxes done isn’t always the highest item on everyone’s to do list. This is especially true if you have accumulated significant gains from investing in cryptocurrencies. What many investors often don’t consider are the opportunities to actually reduce their tax liabilities from their crypto investing. This article discusses five strategies that you can use to help minimize your crypto tax liability.

Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, but similar issues arise around the world. As always, check with a local tax professional to assess your own particular tax situation.

1. Tax loss harvesting

Tax loss harvesting is a common strategy in the world of investing where you sell your assets that will realize a capital loss. All you need to do is look at your investments and see which ones you bought for more than they are currently worth. By selling at a loss, you can potentially dramatically lower your net capital gains and thus reduce your taxable income. Given the market we are currently in, there are abundant opportunities to harvest losses and save on your tax bill. Cryptocurrency tax calculators have built specific tax loss harvesting tools that you can use automatically detect which coins present…

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The Best Thing to Share with Your Family on Thanksgiving

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Sitting at the Thanksgiving table, your cousin remarks that her credit card was stolen in their data breach and was used to shopping during Black Friday last year. You quickly say, “That wouldn’t have happened if you used Bitcoin,” which leads to an awkward silence. “Isn’t that what people use to buy illegal drugs?” your cousin finally asks, while your other relatives nod their heads. At this Thanksgiving Day, it’s time to share the true meaning of cryptocurrency.

The first thing to do is to compare the cryptocurrency to cash. Remind your cousin that when she pays with cash, she doesn’t have to give away any of her personal details unless the purchase requires it, and more importantly, the merchant has no access to get more of her money than what she gave him. Similarly, cryptocurrency works the same way in the digital realm. Therefore, cryptocurrency payment is also less open to fraud and theft comparing to credit card.

How to make profits with cryptocurrency

What’s more, you can also make profits in crypto trading. In spot trades, investors buy cryptocurrencies like bitcoins and make a profit when BTC rise in price. But there are more opportunities to profit in another way: futures trading.

Compared to spot trades, futures trading enables investors to make a profit on both the upward and…

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How Tax Agencies Are Going After Crypto Traders

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Bitcoin investors have in recent months faced increased pressure from various governments around the world regarding unpaid taxes accrued from their holdings.

Tax agencies across the globe continue the regulatory push that has put crypto under the radar, especially in the aftermath of the massive gains enjoyed during the bitcoin price boom of 2017. And although Bitcoin and other cryptocurrencies have since experienced a major tanking esp. over the last 20 months, the focus has shifted gears. Now tax authorities are keen on having cryptocurrency holders file their tax returns properly, and in some cases, are pushing for penalties on potential crypto tax cheats.

Here is how various governments are reacting to the issue of unpaid bitcoin taxes.

U.S.A

The U.S’ Internal Revenue Service (IRS) recently began sending out crypto tax-related letters to some 10,000 individuals. The IRS letters are to the effect that crypto investors may owe the taxman money for cryptocurrency trades they may have carried out in the last couple of years. 

In 2014, the IRS issued guidance that classed Bitcoin and other cryptocurrencies as property, meaning that trading crypto among other activities is a taxable event. Thus, taxpayers who made profits on their crypto face penalties and tax on cryptocurrencies,…

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