RCN to give virtual land owners access to credit

Ripio Credit Network has partnered with Decentraland, a virtual reality platform powered by the Ethereum blockchain
19 December 2017   766

Yesterday Ripio Credit Network (RCN), a global peer-to-peer credit network based, which are backed by Ripio, announced that it has partnered with a virtual reality platform powered by the Ethereum blockchain called Decentraland.

RCN partners

Recently RCN announced partnership with Aelf and FBG Capital to build a virtual Silicon Valley, where projects can form collaborative workspaces, hold Meetups, announce breakthroughs directly to their communities, connect with a global investor base, and interact with potential partners. It is stated that it will also serve as a hub for blockchain enthusiasts around the world.

We’re very excited to work with the RCN team. By integrating our services, Decentraland users will have newfound access to credit, augmenting their ability to invest in their virtual endeavors.

 

Ari Meilich

Project Lead, Decentraland

Decentraland users are already using cryptocurrency to purchase virtual land. Under the partnership, companies intend to find a way to give landowners access to credit, for instance using other digital assets as collateral, would allow them to expand their businesses and offerings at greater speeds.

Our goal is not just to build new standards in global credit services, but also to give birth to a global lending ecosystem that can connect people on any currency, no matter if they trade in the real or the virtual world. Our alliance with the Decentraland team is a huge step towards this objective.

 

David Garcia

SVP, Ripio Credit Network

The implementation of the RCN protocol into Decentraland is expected by the second quarter of 2018.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   137

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.