Crypto In-N-Out’s News Rundown: Crypto.com Hired Paypal Executive, Saudi Arabia and United Arab Emirate team up to Issue Cross Border Cryptocurrency, Bitcoin Bomb Threats Emailed to Multiple Locations across US and AT&T Seeks Patent for Blaockchain-Enabled Social Media Mapping System.
1. Crypto.com Hired Paypal Executive
Former PayPal Executive Tyson Hackwood has joined cryptocurrency platform Crypto.com to drive growth and adoption of Crypto.com Pay, a crypto payment solution powered by Crypto.com’s chain. The goal is to use Hackwood’s experiences in merchants and point-of sale (PoS) payments to allow people to pay and be paid with crypto. A number of top executives have also made their way from the traditional financial world into the crypto space.
2. Saudi Arabia and United Arab Emirate team up to Issue Cross Border Cryptocurrency
The Saudi Arabian Monetary Authority (SAMA) and the United Arab Emirates’ (UAE) Central Bank will jointly issue a digital currency for use in cross-border transactions. Currently transferring money across the border between them requires very high commission; and with the hope of more collaboration between countries will be bolstered by this cooperation.
3. Bitcoin Bomb Threats Emailed to Multiple Locations across US and Canada
Hundreds of government buildings, schools and businesses in the US and Canada were on Thursday targets of extortionists who threatened to detonate explosives unless they were paid thousands of dollars in bitcoin. It does not seem that any receiver has actually paid a ransom; and none of these threats considered credible at this time.
4. AT&T Seeks Patent for Blaockchain-Enabled Social Media Mapping System
American telecoms giant AT&T is in the process to apply for a patent, which protects its blockchain based social media history ‘map’. The system is described to include a transaction history which stores subscribers’ data and enables users to share information, ideas, career interests, etc. through virtual communities and networks.