Blockchain Uber ran by China`s Ride Hailing Didi Chuxing

Co-founder of the Didi Chuxing ride-hailing company, Weixing Chen is cooperating with Yang Jun, co-founder of Meituan, local services firm for a blockchain app
29 May 2018   484

Didi Chuxing is estimated at close to $60 billion, and is searching an IPO at a higher evaluation. The ride hailing app will work as a platform to suggest ride hailing, delivery and other services. Yang Jun, interviewed at the China International Big Data Industry Expo 2018 at Guizhou, claimed the value of blockchain is built on whether or not people can really use it. According to the investor, blockchain technology can be used to develop different economic systems, such as tracking traffic from the Internet and providing additional services that meet users’ needs. 

Meituan joined Dianping, a peer review site, in 2016 to form Meituan Dianping, which is presently estimated at about $30 billion. Weixing Chen, being interviewed on the matter, declared that rail hailing will be the first mass test of blockchain on a social application. He also founded Hangzhou Fun City, that according to VB Profiles provides Internet games and mobile internet applications, and has invested in blockchain. Other ride hailing firms have announced investment in fintech and blockchain technology.

An Indonesia based firm, Frasindo, ran a coin earlier this year that will let the users to download an app that allows them to view cameras that track the vehicles and also view the onboard cameras. Frasindo partnered with ride-sharing companies in Indonesia.

Southeast Asia’s biggest ride-hailing platform, Grab, based in Singapore, last year reported about its plans to invest $700 million to bring accessible financing options for the Indonesian public to support Grab’s development plans in addition to providing loans for purchasing vehicles and smartphones.

Binance to Launch Crypto-Fiat Exchange at Jersey

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs
16 January 2019   72

Binance has opened a branch at Jersey island, targeting Europe and the UK. Its clients will be able to trade Bitcoin and Ethereum for the euro and the British pound. 

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs. To start trading, users must undergo KYC verification.

According to Binance CFO Ju Wei, bidding cryptocurrencies for fiat money will provide Europeans with new opportunities in the face of uncertainty with Brexit affecting the euro and the pound.

Wei also stressed that a strong legal framework makes Jersey one of the leaders in the development of blockchain technology.