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In a press release issued on June 13, 2019, crypto payments firm CLIC Technology Inc. announced a partnership with B2B blockchain infrastructure company Opporty to jointly develop an in-browser extension that would enable customers to make purchases from Amazon with the ether (ETH) cryptocurrency.
Amazon customers will soon be able to pay for items using ether, thanks to a strategic partnership between two distributed ledger technology (DLT) startups.
Based on the Plasma Cash design pattern for off-chain processing of on-chain assets, the proposed in-browser app will help foster a crypto-powered economy among the masses.
For the uninitiated, the concept of Plasma Cash was unveiled last year by Ethereum co-founder Vitalik Buterin. In a way, it could be considered Ethereum’s answer to Bitcoin’s Lightning Network.
At present, payment platforms built on the Ethereum network can handle, on average, about 20 transactions per second, which is far less than what one would expect from an enterprise-grade financial systems solution. To put things in perspective, Amazon processes more than 300 transactions per second.
However, with Opporty’s Plasma Cash, CLIC Technology is confident that not only will it be able to process a larger number of transactions per second but also dramatically reduce the processing weight on the network. The throughput of the Plasma Cash-enabled extension could rival that of Mastercard and Visa, the release notes.
Roman Bond, the CEO of CLIC Technology, commented on the development saying: “Bringing cryptocurrency to the e-commerce marketplace is the merging of two next-generation industries. We’re excited to be working on this project with Opporty, and to move forward on a number of other ambitious projects with them as well.“ Would you shop on Amazon using crypto?
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For small indie game developers, the advent of Apple’s App Store and Google Play has proven to be both a blessing and a curse. With competition in the marketplace rife and high commission fees eating into already tight profit margins, it’s harder than ever for small developer teams to compete with bigger gaming firms.
Now thanks to blockchain and the work from PlayGame, developers on its platform keep 100% of their revenue, a far cry from so-called “Goliath” platforms that take up to 30 percent of earnings.
PlayGame says it wants to benefit developers and their fans through two key building blocks. Firstly, it plans to launch PlayGame.com – a direct-to-play HTML5 gaming platform. Secondly, PlayGame wants to tap into the growing appetite for crowdfunding with their titled, "FunFund Initiative". It hopes this will enable developers to reach out to cryptocurrency holders who are looking to support indie developers.__Do you think blockchain can help the gaming industry️Let us know in a few words!__Follow @blocklantis__#segwit #segwit2x #bitcoincash #eth #btc #cryptocurrency #ico #ai #smartcontracts #initialcoinoffering #ethereum #ether #bitcoin #altcoin #litecoin #cryptonaire #sharecrypto #blockchain #coinbase #steemit #monero #bitcoins #cryptocurrencies #cryptocurrencynews
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Not for the first time, it’s Litecoin creator Charlie Lee versus the rest of the cryptocurrency market. Lee has declared that Litecoin will be the Official Cryptocurrency Partner of UFC 232 – Jones vs Gustafsson in California on December 29th.
The UFC deal represents a first for a cryptocurrency to be spotlighted inside the Octagon, positioning the Litecoin logo in front of potentially millions of pay-per-view fans and possibly some Google searches to boot. “This is a milestone for Litecoin and cryptocurrency in general as no other coin has sponsored a UFC event to date. With brands and institutions continuing to push into cryptocurrency and blockchain, this is yet another signal of this technology moving closer towards the mainstream.” Do you own any Litecoin?
Let us know in a few words!
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