Search Results for: Telecom

China’s Central Bank Partners with Commercial Banks and Telecom Giants to Test Digital Currency in Two Major Cities

New developments of China’s central bank geared towards testing its digital currency electronic payment (DCEP) in the cities of Shenzhen and Suzhou. The People’s Bank of China, the country’s central bank is on track to become the first central bank on the globe to issue a national digital currency. Huang Qifan, the Vice Chairman of the China International … Continue reading China’s Central Bank Partners with Commercial Banks and Telecom Giants to Test Digital Currency in Two Major Cities

Risk Assurance Group and Telecom Analytics Provider Combat Fraud with Blockchain

Subex, a notable telecom analytics solution provider, has partneredwith the Risk & Assurance Group (RAG) for blockchain-enabled fraud management solutions. Through the strategic alliance, Subex will be incorporated into the RAG Wangiri Blockchain Consortium, whose intention is leveraging on blockchain technology in gathering real-time industry threat intelligence about fraudsters. As a result, Subex customers will … Continue reading Risk Assurance Group and Telecom Analytics Provider Combat Fraud with Blockchain

South Korean Telecom Giant and City Government Teams Up to Launch Major Digital Currency

KT, the largest telecom company in South Korea, is planning to launch its blockchain-based digital currency in the second biggest city in the country, Busan.   According to news outlet dongA, the currency is called Dongbaek Currency, which means Camellia flower, when directly translated to English, and is set to be launched on Dec. 30.   Yoo Yong-gyu, … Continue reading South Korean Telecom Giant and City Government Teams Up to Launch Major Digital Currency

Chinese Telecom Giants Cite Blockchain as the Enabler for the Roll Out of 5G

According to a report from the BBC in November 2019, China continues its push for global supremacy in technology. State-owned telecom giants – China Mobile, China Unicom and China Telecom now sees the emergence of Blockchain and other digital technologies as the crux to allow China to lead the market.  China Unicorn has partnered with Blockchain company Wanxiang … Continue reading Chinese Telecom Giants Cite Blockchain as the Enabler for the Roll Out of 5G

Telecom Argentina Hit By Ransomware attack: Hackers Demand $7.5 Million Monero

A leading internet service provider, Telecom Argentina S.A, was hit with a ransomware attack on Saturday, July 18. The popular economist, trader, and cryptocurrency proponent, Alex Kruger, tweeted about the incident.  The ransomware operators are now demanding for a 7.5 million ransom to be paid in order to unlock encrypted files. Telecom was founded in … Continue reading Telecom Argentina Hit By Ransomware attack: Hackers Demand $7.5 Million Monero

Austrian Telecom Provider Adds Cryptocurrencies to its Payments Network

Austria’s leading telecom provider A1 Telekom, through its subsidiary A1 Payments, has confirmed it will start accepting cryptocurrencies as a means of payment. The accepted cryptocurrencies which include Bitcoin (BTC), Ethereum (ETH), and Dash and would enable about 2,500 merchants to accept the cryptocurrencies. The transactions will be available via the payment network’s mobile app. … Continue reading Austrian Telecom Provider Adds Cryptocurrencies to its Payments Network

Telecommunications Giant Deutsche Telekom Invests in Blockchain Payments Platform Celo

Deutsche Telekom, a German-based telecommunications company, has entered the crypto space by investing in Celo, a San Francisco-based blockchain payment platform that offers crypto on mobile phones.  The booming crypto space Deutsche Telekom, the largest telecommunications provider in Europe by revenue size, has also bought an undisclosed amount of the Celo digital token utilized on … Continue reading Telecommunications Giant Deutsche Telekom Invests in Blockchain Payments Platform Celo

S Korea's SK Telecom Acquires 35% Stake on Local Crypto Exchange Korbit

SK Square, an investment company owned by South Korean wireless telecommunications company SK Telecom Co Ltd, has invested 90 billion won (about $75.4 million) in the crypto exchange platform Korbit. With the investment, SK Square now own a 35% stake in the Korbit crypto currency exchange, thus becoming the exchange’s second-largest shareholder. The largest shareholder of … Continue reading S Korea's SK Telecom Acquires 35% Stake on Local Crypto Exchange Korbit

Telecom Giant Airtel Acquires Aqilliz, Transforming Adtech & Creator Economy with Blockchain

Airtel, an Indian multinational telecommunications company with operations in eighteen countries, has attained a strategic stake in Blockchain-as-a-Service Company Aqilliz under its start-up accelerator program.  Using a patented hybrid blockchain platform called Atom, Singapore-based Aqilliz combines federated learning and differential privacy on a distributed digital ledger. The acquisition will enable Airtel to deploy blockchain-based solutions … Continue reading Telecom Giant Airtel Acquires Aqilliz, Transforming Adtech & Creator Economy with Blockchain

South Korean Telecom Operator SK Telecom to Develop Web3 Wallet

SK Telecom cooperated with AhnLab Blockchain Company (ABC), a blockchain subsidiary of South Korean antivirus software company AhnLab, and blockchain company Atomix Lab to develop a Web3 digital asset, the South Korean telecom giant announced on Monday. According to the company, the launch of the Web3 wallet service allows users to store, transmit and receive various types of … Continue reading South Korean Telecom Operator SK Telecom to Develop Web3 Wallet

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