ICO Alert Crypto Minute: July 11, 2018
Litecoin acquires equity in German bank, New cryptocurrency phone to be released in November and Walmart ramping up blockchain delivery solution.
Litecoin Acquires 10 Percent of German Bank
According to Coindesk, Litecoin Foundation has acquired a 9.9 percent stake in a German bank. Charlie Lee, Managing Director of Litecoin said in a recent release: “I’m looking forward to integrating Litecoin with the WEG Bank AG and all the various services it has to offer, to make it simple for anyone to buy and use Litecoin.” TokenPay passed ownership of the 9.9 percent of equity in WEG Bank AG to Litecoin Foundation in exchange for Litecoin’s ability to leverage their technical know-how of creating cryptocurrency payments.
Sirin Labs’ Cryptocurrency Phone Slated for November
Sirin Labs, known for its $14,000 Solarin privacy phone is launching a product for cryptocurrency fans called the Finney. Named after Bitcoin pioneer Hal Finney, the phone is described as a “state of the art mobile device” for the “blockchain era.”
From Engadget: Slide out the back and you’ll find a secondary display, called the Safe Screen, that’s only used for crypto transactions. The company says that the Safe Screen runs on dedicated firmware that lets users check where there coinage is being sent before they pay. The slider also activates the cold storage wallet that is designed to hold a significant number of different cryptocurrencies.
Walmart Files Blockchain Patent for Delivery Services
Walmart is seeking to solve the complicated problem of delivery with a blockchain solution. According to CCN, the Arkansas based retailer was awarded a patent that was initially submitted in January of 2017. The patent is focused on the delivery and scheduling of delivery for various packages. From CCN: “The patent talks of delivery hubs, very similar to Amazon’s lockers, which will use a public blockchain to determine available capacity and make reservations for delivery.”