Major financial services corporation China UnionPay, an analog to card providers like Visa and Mastercard, has partnered with the South Korean payment provider Danal to launch a cryptocurrency-supporting digital card. Danal’s crypto wallet Paycoin and its crypto token of the same name will be the interface for the new, prepaid mobile card. Paycoin has indicated that users will be able to use both the card and Paycoin to pay for goods and services at over 30 million UnionPay merchants across 179 countries and regions. Danal’s PayCoin is a blockchain-based asset that has been in circulation since 2019. It has a …
Six months after the beta test launch, China’s Blockchain-based Service Network — or BSN — is now officially available for global commercial use. Various Chinese government officials and heads of organizations gathered for a meeting in Beijing on April 25 where they announced the public launch of the BSN. The BSN is a global infrastructure to help blockchain projects create and run new blockchain applications for a lower cost. It also aims to accelerate the development of smart cities and the digital economy. China Mobile, China UnionPay, and Huobi China together worked towards the creation of the BSN. Off to …
China’s nationwide blockchain network, the Blockchain-based Service Network (BSN), will launch in April 2020, six months after it was rolled out for testing. Backed by Chinese government policy think tank the State Information Center (SIC), the ambitious project aims to provide a trusted and scalable infrastructure for supporting new blockchain projects as well as the development of smart cities and the digital economy. BSN is a joint initiative of China’s state policy think tank and state-run companies Tang Sisi, deputy head of the Smart City Development Research Center of the China’s State Information Center (SIC), announced the news at the …
A payment platform is offering a new prepaid card that can be used at ATMs, stores and websites worldwide — and topped up via bank transfers or cryptocurrency. Embily is the brainchild of Singaporean company Blockchain International Group. Co-branded with Mastercard and UnionPay, card owners can top up using a plethora of digital currencies, including Bitcoin, Ethereum and Litecoin. Crypto is automatically converted into cash, giving the user freedom to make withdrawals at cash machines and make purchases at any point of sale terminal. The company adds it is focused on supplying business-to-business solutions to customers worldwide. The team says …