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Malaysia to regulate cryptocurrency and ICO in 2019



The government of Malaysia is going the draft the regulations for Cryptocurrency and ICO (Initial Coin Offerings) in early 2019.

The Star, local media in Malaysia reported that the government is going the draft the regulations for Cryptocurrency and ICO (Initial Coin Offerings) in early 2019. In the news, the media reported that Lim Guan Eng, the finance minister of Malaysia was updated by the Securities Commission of the country about the same.

Unlike largely populated countries like China and India who completely banned cryptocurrencies, Malaysia has taken a great step in regulating digital assets rather than straight away putting a stop on it as the government believes in the adoption of new technologies such as bitcoin.

Lim Guan Eng also adviced all companies and parties that wish to introduce their own cryptocurrencies such as bitcoin in the form of initial coin offerings to consult country’s central bank: Bank Negara Malaysia which will be responsible for the decision on the financial mechanism.

Malaysia has been adopting the blockchain technology lately in many industries including the setting up of a university degree verification system on the blockchain.

Malaysia also has plans to introduce their own government-backed cryptocurrency which was stated to be put on hold at the moment before the regulations are drafted early next year.

Despite the cryptocurrency market crash, the adoption of bitcoin and blockchain technology seems to be rising rapidly throughout the world. India, which earlier banned cryptocurrencies this year has stated that their government is working on drafting the regulation for bitcoin and cryptocurrencies which will be out early next year. With the upcoming Bakkt exchange and ETF approvals, and a lot more upcoming in the cryptocurrency market there is a huge scope for bitcoin and other prominent cryptocurrencies to rise massively in 2019.


Ripple: 6 awesome partnerships and 6 things to be excited about XRP



Let's discuss 6 awesome partnerships made by Ripple so far. Also, we will introduce you to 6 things about Ripple about whom you should be excited.

Business support and new evolutions play an essential role in the success of any business. Every successful company has a massive list of partners. Especially for a startup or a company in a new domain, there is always a need for financial and market support. Also, if any business has to sustain in the market for an extended period, it must go on the development and try to bring better services to its customer. Ripple has already made a significant mark on crypto space. It currently occupies the third position as per market cap in crypto space. And it has become possible only due to some formidable partnerships and evolution in technique.

In this article, we will discuss six effective partnerships made by Ripple so far. Also, we will introduce you to 6 things about Ripple about whom you should be excited.


Six Awesome Partnerships by Ripple:

1. Partnership with Moneygram:

One of the top international payment services in the world, Moneygram partnered up with Ripple. The potential and blockchain technology of Ripple has not hidden anymore. Moneygram visualized this capability and started the hand of partnership towards Ripple. It was a fantastic offer for Ripple to widen its hold onto the market and hence, Ripple and Moneygram announced their collaboration in the crypto market on 11 January 2018.


2. Partnership with IDT and Mercury FX:

IDT and Mercury FX both are among the top global payment service providers. The crypto space was suffering from the problem of the slow transaction and then come IDT and Mercury FX, collaborating with Ripple. They announced their partnership on 24 January 2018. The main aim of this collaboration was to make the payment method of Ripple much faster than its competitors. This partnership was unusual for Ripple to expand itself.


3. Partnership with SBI Holdings:

After bagging two above great partnership in a single month of January 2018, another collaboration of SBI Holding with Ripple was announced on 30 January 2018. SBI Holding refers to the Japanese group of companies which are set to launch its own virtual currency, i.e., SBI virtual currency. SBI announced that it would use only Ripple blockchain within their system for starting their virtual currency. This partnership resulted in the spread of Ripple XRP in Asia and especially Japan.


4. Partnership with a series of banks in various countries:

We all know that without the cooperation of banks, it is tough to run any financial market. Even, crypto space indirectly needs the support of banks, and therefore, Ripple XRP is continuously making the partnership with various banks in different countries. It has already made collaboration with around 60 banks in South Korea and Japan and is working on the projects with the banks of China, Brazil, and India.


5. Partnership with LianLian International:

Ripple was aware of the role of the Chinese market in the enhancement of crypto space. China has already lifted other big companies like Amazon, eBay. Therefore Ripple approached LianLian Internationals to have a grip over the investors of this country. LianLian is the biggest payment service provider in China, and with the partnership of Ripple with this China-based company on 14 February 2018, Ripple introduced its global identity in the world.


6. Partnership with American Express:

American Express is a US-based multinational finance organization. It is one of the largest finance company throughout the globe. In November 2017, Ripple announced a partnership with American Express. The main idea of this partnership was to enable the American Express customer Of United States to send the non-card payment to the United Kingdom.  This partnership is one of the unusual move made by Ripple XRP.


Six upcoming exciting moves by Ripple:

1. The announcement of 11 More Universities to its Blockchain Initiative Program:

Ripple conducts regular workshops and program to increase the awareness of crypto and blockchain among ordinary people. It performs a Blockchain Initiative program at the university level to let the college students know about this technology and future place in the education system. It recently announced that it will add 11 more universities to its blockchain initiative program which are Carnegie Mellon University, Duke University, University of Kansas, Morgan State University, Northeastern University, Institute for Fintech Research, Tsinghua University, Cornell University, Georgetown University, University of Michigan, the National University of Singapore and University of Sao Paulo.


2. Partnership with Binance:

XRP was continuously trying to have a collaboration with Binance for a very long time in terms of making XRP a base currency for trading. Binance is a global exchange for cryptocurrencies, and with the following partnership with binance, Ripple XRP wants to have a great exchange system with itself. They have been successful in their mission, and currently, two cryptocurrencies are being traded with XRP as a base currency on binance, i.e., TRX and XZC. More cryptocurrencies will be added in the list in near future.


3. XRP in the Gaming Industry:

Many organizations are aiming their blockchain technology in gaming technology. However, none of them is so much global as Ripple is. Ripple XRP is aiming for the games that will be work on the XRP ledger. The gaming industry is still not so much shaken up with cryptocurrencies and hence, if XRP ledger based games are successful, it could act as a catalyst for both Ripple as well as Crytpo space. The planned year is 2019, so be prepared, who knows we can listen to an announcement regarding the same in upcoming days!


4. Testing of Ripple by Saudi British Bank:

The crypto market has not expanded much in middle east countries like the UAE. However, the cryptoanalyst recently heard relief news regarding it when Saudi Britsh Bank announced that they would be testing the Ripple. However, just testing doesn’t mean significant as per the financial perspective, but as per the business perspective, this means that now middle eas countries are now taking an interest in Ripple and crypto market. Even, Ripple Global Head welcomed this move by Saudi Britsh Bank.


5. Connection with NASDAQ:

NASDAQ stands for National Association of Securities Dealers Quotation Exchange. It is the second largest stock exchange in the world as per its market cap. Ripple has been planning to have a partnership with NASDAQ and to launch a platform in this area. Now, since Bakkt, a platform by world’s largest stock exchange is collaborating with bitcoin, we can surely assume the collaboration of two competitors of ICE and bitcoin, i.e., the partnership of NASDAQ and Ripple. And if it happens, it could surely help the crypto space to rise.


6. Use of XRP by SendFriend:

SendFriend came into the news with the news of having a fund of $1.7 million from various big companies such as Barclays, 2020 ventures. It is the next-generation remittance service and one of the fast way to send money. However, the news boosted up ripple and crypto space when Sendfriend announced to use XRP as a medium for cross border payments. It is working actually for the transformation of US dollars to XRP to PHP. If it happened in the future, it would sure help the ripple and crypto space to rise once again.

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Japan: Bitcoin Retail Giant taking cryptocurrency to a whole new level.



Japan is a very important market when it comes down to cryptocurrencies. We see Japan always leading the way when it comes to bitcoin regulation and volume.
Japan is a very important market when it comes down to cryptocurrencies. We see Japan always leading the way when it comes to regulation and volume. So could Japan be the first country to show actual retail adoption of cryptocurrencies?
This has been a conversation in the cryptocurrency space for a long time. Can we get retailers to actually get involved in cryptocurrencies? E-commerce is a space where cryptocurrencies have been doing very well. There are a lot of e-commerce plugins for websites that make it very easy for people to accept cryptocurrencies online but all businesses do not happen online. People go out to restaurants, daily needs shops, clothing stores, etc. Let’s take a picture right now that we are seeing happening in Japan. According to Coinhills, the Yen remains the second most important market for bitcoin trailing only slightly behind the USD. The Yen even surpassed the USD for somedays which is quite amazing as it is not just the United States of America that uses USD to trade bitcoin but a lot of other countries are accessing bitcoin via dollar as well, So to see the Yen somedays surpassing the USD in volume is quite big as only Japan uses Yen to trade bitcoin.

Retailers in Japan that accept bitcoin:


According to a recent announcement by Rakuten which is the largest ecommerce site in Japan they are expected to become the first major e-commerce giant to integrate crypto payments into its platform allowing millions of users to purchase products using bitcoin and other cryptocurrencies. As of late 2017, Rakuten had more than 95 million active registered accounts, so if the company does put forward its plan to use its cryptocurrency exchange to process payments for e-commerce it could drastically increase the level of merchant adoption in Japan.


Line is the biggest instant messaging platform in Japan which is currently used by 90% of people in the country. They are launching their own token economy for things like games, apps, and payments between people.
Currently, cashless transactions amount to only 20% of the total transactions in Japan. Majority of people still pay in notes and coins when they go out to shop. So there is an enormous opportuanity in Japan for a smartphone based fintech innovation and its already started to happen. This is something that Line is discussing with their Line pay options and of course, the Japenese government is also looking at how they can boost growth in the mobile payments industry and cryptocurrencies could be the perfect thing for Japan in terms of mobile payments.

GMO Internet:

GMO internet gave their employees the option to receive their salaries in bitcoin but it is not clear whether it is still happening or not because the GMO internet had a big bitcoin launch making miners but they are now cutting back their miner hardware sales operations to nothing. The best part is that a big company actually proposed that.


  • Last year we also saw Yamada Denki which is the largest consumer electronics retailer chains in Japan partnered up with cryptocurrency exchange bitflyer to add bitcoin payments service in two of its stores.
  • Bic Camera which is a consumer electronics chain in Japan is also accepting bitcoin directly in their shops.
  • 74 Japenese beauty clinics who started to accept bitcoin at the point of sale.
  • L’Operaio which is a Japenese luxury car dealer with multiple branches in Japan is also now accepting cryptocurrencies.
  • A deal back in 2017 with CoinCheck and Recruit Lifestyle brought 260,000 commercial facilities, food establishments, drug stores, and other retail locations nationwide tablet point of sales systems.
  • We had some companies that announced that they were going to be accepting bitcoin. For example, peach aviation which is a low-cost airline in Japan said they are are going to start accepting bitcoin back at the start of 2018 but currently their website does not show bitcoin payment option so maybe that plan has been taken off for the time being.
  • There are also some taxi services in Tokyo which are accepting bitcoin.


Apart from these, there are a lot of shops and cafes that accept bitcoin. We are seeing a lot of e-commerce happening, a lot of businesses who want to accept bitcoin for their online payments but we still have to overcome that hurdle of getting it happening in local shops.


What are your thoughts on the cryptocurrency adoption in Japan? Tell us in the comments section below.

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Bitcoin vs Gold vs Fiat Currency: Transfer, divisibility and adoption



Overall, Bitcoin remains above gold as well as fiat currency considering all the points. Bitcoin vs Gold vs Fiat Currency.

In 2018 we saw more than $3.2 trillion of bitcoin payments that were processed on the public blockchain. Now that $3.2 trillion transaction volume did not include over-the-counter sales which probably accounted for a pretty decent amount as well but this is from the exchange market which is massive.



Gold for transactions:  It is not very easy to send abroad, It is expensive to transport, It is not accepted almost anywhere, It is very easily confiscatable by governments and It is difficult to divide.

On the good part: It Cannot be counterfeited, It has a long tradition of the store of value, It has real-world practical use cases such as microchips, jewelry etc.

Gold may be good, but it is outdated in terms of technology considering the above-mentioned points. But interestingly, it does have amazing longevity. Gold that was mined 5000 years ago still has value today, it hasn’t diminished in its properties and is still worth whatever the price of gold is worth. So gold does remain rare and valuable.



Fiat currency does have its advantages when it comes down to it. It’s very widely accepted you can spend fiat currency anywhere within your country. It is very easy to send fiat currency especially within your own country or banking infrastructure but when it comes to things like international transfers then we start to talk about a different picture. If you are in the United States and want to send money to Germany for example, there might be some payment operators that make it not terribly expensive or slow but basically when it comes down to it, it is an expensive, slow and censorable process.

It is very easy to steal which is a big drawback of fiat currency and it has got an infinite supply, governments keep on printing it every single day. The real value of the dollar or euro that you have decreases a tiny little fraction everytime they print a new one. Fiat currency is relatively easy to counterfeit. When you actually look at fiat and understand what it is if it wasn’t for the fact that we all just accept this as being the thing that’s done, it would sound like one giant scam.

Of course, we have settlement systems such as SWIFT network for sending an international transaction which requires around 3 to 5 business days. Bitcoin and other cryptocurrencies can typically settle in seconds to a maximum of an hour which is very different from fiat currency.



To compare some of the numbers in terms of where bitcoin stands today. In 2018 we had $3.2 trillion in value done on bitcoin. Now that versus Western Union which sent $200 billion in remittance overseas, Paypal stands at $500 billion, Mastercard stands at $5.2 trillion, WeChat at $6 trillion, Alipay at $8.3 trillion and Visa at $10.2 trillion; that sounds really big at Bitcoin is kind of at the level of Mastercard in terms of value but we have to remember that this isn’t merchant value. A lot of this is exchange value with people buying more cryptocurrencies, exchanging bitcoin for ethereum or vice versa. What we really need to see with bitcoin is merchant value because when it becomes more than just buying other cryptocurrencies, when we actually have merchant adoption value happening that is the next level in terms of cryptocurrency adoption. People will be going down to their local shops, buying lunch, wine, house, etc. with bitcoin.

For merchants, there is a lot to like about bitcoin. For example, Visa charges merchants 1.51% + 10 cents, which is a lot of money which you see that they made 1.51% on $10.2 trillion last year which more than $15 billion and adding 10 cents on each transaction. Now there is a large amount of fee, the merchant needs to wait to get his money (sometimes around 30 to 60 days with credit cards) for the product that they just sold and there maybe chargebacks by the credit card company. In terms of Bitcoin, there are no chargebacks. You receive bitcoin, it’s yours. If merchants are afraid of accepting because of its volatility, there are services such as Coinbase Commerce that let them accept bitcoin and it can get changed straight into dollars for example.

The Paypal CEO recently threw a bit of shade on bitcoin saying that we are not seeing many retailers accepting cryptocurrencies. And he is right because if you look at the last year’s PayPal value of $500 billion dollars was all people buying stuff online which is actual retail acceptance. So he is not unjustified in the shade that he is throwing. Still, bitcoin merchant adoption is increasing all the time. Japan has made some huge moves in terms of bitcoin adoption. We have services like travelbybit which accept bitcoin for travel tickets, hotels etc.

Capital controls around the world make it very difficult for fiat and gold. Just imagine sending a billion dollars of gold. For example, if a person in Nigeria wants to send money to someone in France. The government is not going to let him send that money because of capital controls. But if the person has bitcoin, he can send the money within minutes without the permission of any authority. Bitcoin is highly divisible in comparison to gold which is not super easy to divide on the spot, however fiat can be. Merchant adoption is although very less for bitcoin but it is improving day by day.

Overall, Bitcoin remains above gold as well as fiat currency considering all the above-mentioned points. What are your thoughts on the same? Tell us in the comments section below.

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