Crypto Rupee to Undergo Hard Fork

Rupee cryptocurrency has announced that it will implement the hard fork on April 16, 2018
20 March 2018   2275

Rupee’s mission is to be the go-to cryptocurrency for the people of South Asia. Rupee aims to facilitate money remittances for the people of South Asia across the world without hefty fees and delays. Rupee also plans to enable merchants to accept fast cryptocurrency for goods and services with much lower fees than traditional payment facilitators like Visa, Mastercard etc. Rupee aims to enable the people of South Asia cut out traditional middleman such as banks.

Rupee cryptocurrency has announced that it will implement the hard fork on April 16, 2018. As it is stated on the official website of the project, the implementation of Lyra2REv2 hard fork represents a major milestone in achieving Rupee’s vision for an open blockchain platform for India and South Asia.

Lyra2REv2 hardforkLyra2REv2 hardfork countdown at the moment of press

Moreover, plans of Rupee project for the first quarter of 2018 include the launch of Android and iOS Wallets, and development of Payment Gateway and PoS Application. Currently the project team is working on its marketing campaign and exchange listings.

At the moment of press, these are main market parameters of Rupee:

Average price: $0,083824
Marketcap: $1 920 958
24h volume: $3 701

South Korea to Invest $1B in Blockchain Startups

Blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution, local authorities believe
19 February 2019   93

Until 2022, Seoul authorities are investing 1.2 trillion South Korean won ($ 1.07 billion) in fintech startups working with distributed ledger technology. This is reported by CoinDesk.

Funds will be allocated for the development of new technologies through the Seoul Innovation Growth Fund, created last year by local authorities. The foundation will support startups working on various solutions, including those that are in the early stages.

In the first half of this year, the Fund will allocate 13.25 billion won ($ 11.75 million) and 8.4 billion won ($ 7.45 million) in the second half of 2019. For the Korean authorities, the blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution.

The officials also noted that the average investment per start-up at an early stage of development in South Korea is almost seven times lower than, for example, in Silicon Valley.

Last fall, Seoul authorities submitted a five-year development plan for the blockchain industry.