Philippines Banks to Use Visa B2B Connect

A group of Philippines banks is going to use Visa's blockchain-based payment platform  
15 February 2018   587

Four rural banks have partnered with The Union Bank of the Philippines (UnionBank) for blockchain technology-reliant payment system. UnionBank will help those banks to boost the efficiency of their payments processes by building a local platform base on top of Visa's B2B Connect system.

It is the first Philippine bank chosen by Visa for the latter’s B2B Connect.

According to Henry Rhoel Aguda, UnionBank's senior executive vice president, the bank is co-creating the blockchain platform to be used by the rural banks. He hopes that in future more banks will be included in the program.

B2B Connect is a business solution platform that allows financial institutions to provide their clients fast and secure cross-border payments.

U.S.-based Commerce Bank, South Korea's Shinhan Bank, and the United Overseas Bank are also working with Visa on the B2B.

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   104

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.