Iran to Launch Own Stablecoin, Media Says

Iranian stablecoin is going to be based on rial and will use the private blockchain
28 January 2019   499

Iran can present its own national cryptocurrency at the “Electronic Banking and Payment Systems” conference in Tehran this week, Al Jazeera reports.

Earlier, the Iranian authorities have already raised the issue of issuing such a cryptocurrency as a tool to circumvent the US sanctions, which were imposed on the country in November and have a negative impact on economic growth opportunities.

In addition to issuing a stablecoin based on an Iranian rial, Tehran can use technology to create an alternative to the global payment system SWIFT, access to which Iranian banks have been closed. Sources expressed uncertainty about such large-scale implementations, but noted that the use of cryptocurrency in a local context, for example in consumer payments, is quite possible.

They certainly can't replace the likes of bitcoin due to their centralised nature, but their existence is harmless. Even as CBCCs may never find widespread everyday use among the general public, they may be able to offer some new features to startups and developers that had to work with centralised bank APIs before them.
 

Yashar Rashedi

Iranian blockchain and cryptocurrency developer

Iranian stablecoin will use a private blockchain, probably one of the variations of Ethereum or Hyperledger. It is assumed that some players of the cryptocurrency market will be able to work with the tool, perhaps even the exchange. At the same time, companies located in the zone of American influence are unlikely to take this step. Suffice it to recall their public rejection of the integration of the Venezuelan cryptocurrency Petro.

EOS to Buy $30M Worth Domain For Its Social Network

Earlier, CEO reported that his company will spent about $150M to develop Voice, and looks like "voice.com" purchase for $30M is one of the first steps
19 June 2019   146

The Block.One company, known for developing the EOS blockchain protocol, acquired a domain for its new social network Voice for $ 30 million. This is evidenced by documents published on the website of the US Securities and Exchange Commission (SEC).

Documents were provided by MicroStrategy, an analytical and mobile software provider. It follows the “voice.com” domain, registered in the GoDaddy domain name registry, was transferred to the EOS developer on May 30, 2019. After 2 days, Block.One officially announced preparations for the launch of a social network.

Block.one has made a smart strategic decision in choosing Voice.com to be the internet domain name for its new social media platform. The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.
 

Marge Breya 

Senior Executive Vice President and Chief Marketing Officer, MicroStrategy Incorporated. 

The commercial model of MicroStrategy is based, among other things, on the accumulation and sale of such expensive domain names.

According to Block.One, the identification of users and the use of the EOS blockchain in the social network will help to avoid the massive influx of bots, which often affect other members of this niche. Earlier, CEO Block.One Brendan Blamer reported that his company spent about $ 150 million to develop Voice.