Japanese Company GMO to run In-game Bitcoin Rewards

Japanese internet services giant GMO Internet Inc. reveiled its plans to launch a bitcoin-based application for in-game rewards in August of 2018
01 June 2018   1367

Named CryptoChips, this new application will provide a way of rewarding players who achieve a certain advance or milestone, will start with bitcoin support for now. As reported, the product will be piloted in the GMO-developed game Whimsical War.

The company in its press release in both English and Japanese had this to add:

CryptoChips can be mounted on the game application and allows players to receive cryptocurrency as remuneration within the game – like a ‘secret pocket money’ – depending on the players’ rankings or when players have achieved missions or acquired items.
GMO Internet Group
Company, Japan

This step is the latest measure into the cryptocurrency sphere for GMO, that already launches its own crypto exchange, mining operation and even pays a portion of staff wages in Bitcoin.

Earlier this year, in March, the GMO firm’s exchange promised to develop and refine  data safety after regulators found its security lacking. That fact was confirmed during cross-industry inspections that were held on the heels of January’s $530 million hack of fellow Japanese crypto exchange Coincheck.

Lightning Network Wallet by Breez to be Out For iOs

Solution is based on the lightweight client called Neutrino and it wallet supports Submarine Swaps technology
18 June 2019   208

The Breez payment platform introduced a non-custodial wallet for iPhone that supports the Lightning Network protocol.

The basis of the new product is a lightweight client Neutrino. It is also known that the wallet supports Submarine Swaps technology, which makes it possible to conduct transactions between online addresses and the Lightning Network.

The company's blog says that immediately after installation, the application automatically connects the channel to the so-called Breez hub connected to other Lightning nodes, which allows the user to conduct transactions with any participants in the second-level network. In addition, according to the founder of the company, Ron Scheinfeld, the possibility of a refund is provided in the event of challenging purchases.

In a Lightning economy, people trade money for goods and services. Intermediaries — banks, credit cards, online payment processors, and custodians of any kind — are obsolete. All that remains are the people, trading with each other anywhere, anytime, free to do what each of them thinks is best with their own money. Scale is no longer a concern. Transactions are virtually instantaneous and practically free. The people are free too. Finally.

Roy Sheinfeld
Co-Founder and CEO, Breez

The company also noted that within only two months after the release of the version for Android, Breez benefited from "hundreds of users." Currently, the wallet is in beta.

On the eve of the release of the iOS application, the startup managed to attract $ 500,000 from Recruit Strategic Partners and Fulgur Ventures. The funds will be used to develop an application for merchants, allowing them to accept Lightning-payments.