Building The Tokenpay Ecosystem

Derek Capo, CEO of Tokenpay, recently participated in a livestream where he discussed some of the recent developments with Tokenpay. You can listen to the livestream at Tokenpay Livestream

Capo went to great lengths to describe the importance of creating a strong infrastructure for Tokenpay. The primary focus is to create an entire ecosystem for Tokenpay which will make mass adaption possible on a global scale. Tokenpay recently made news when they purchased over 9% of a German bank. The bank acquisition enables Tokenpay to offer many traditional banking services such as merchant services and debit cards. The combination of traditional banking services with cryptocurrency makes Tokenpay somewhat unique in the world of cryptocurrency.

Tokenpay has also announced a new partnership with Litecoin. Litecoin is one of the few coins listed on Coinbase which enables a level of accessibility to consumers. Many new investors begin their crypto journey on Coinbase where crypto can be purchased with fiat. By partnering with Litecoin, Tokenpay is immediately exposed to a new customer base, the new crypto investor. Tokenpay has also partnered with Verge (XVG) in a deal earlier this year.
When questioned about the partnerships, Capo spoke about the cost of customer acquisition. Every customer has a cost per customer and a cost of conversion. By partnering with Litecoin and Verge, Tokenpay was able to expand their customer base instantly.

Capo also spoke of plans for a decentralized exchange. The exchange would also have some kind of affiliate system so that exchange users are rewarded for recruiting new customers.

One of the most interesting aspects of the interview was the plan to offer investment certificates. For instance, you might invest in a privacy certificate which would be a fund comprised of the top ten privacy coins. Investing in this type of fund also alleviates the fear of the extreme volatility which can be so common in the crypto world.

The all encompassing plans described by Capo make it very clear that Tokenpay is here for the long term. As many coins disappear from the market, I find the methodical building blocks of the Tokenpay ecosystem to be both reassuring and exciting to behold.

Binance CEO Projects 1 Billion in Profits for 2018

In spite of the fact that we have experienced a rather lethargic crypto market over the past 6 months, the CEO of Cryptocurrency exchange Binance expects 2018 to be a very profitable year. In a recent interview with Bloomberg, Changpeng Zhao expressed great expectations for the trading platform.

The optimism for the Binance exchange is reflected in the price of the Binance exchange coin (BNB). While the majority of coins have dropped over the past few months, (BNB) has remained steady with a price hovering around $14. Binance currently offers traders the option to pay exchange fees in (BNB) and provides a discount for using the Binance coin. Considering Binance is one of the most active exchanges in the world, the Binance coin will always enjoy a built in platform of steady users.

The CEO has projected profits of over 1 Billion dollars during the next year. The company also has plans to expand into additional markets over the next few years.

Blockchain Technology Helps Eliminate Food Waste

The Goodr app uses blockchain technology to measure food waste. The app helps companies see where and why they may be losing money. Recent reports show that consumers in the US waste billions of dollars worth of food every year.

The Goodr app was created in 2017. The app does not just measure waste, but also helps connect businesses with charity organizations which can help distribute the food to the needy.
By utilizing this surplus of food and distributing to food pantries and homeless shelters, many of the hunger problems in the US could be solved.

Blockchain technology compiles data in seconds that otherwise would have taken months to pull together.

Turn Leftover Change into Crypto at Amsterdam Airport

Every one that travels probably has small stashes of currency from other countries sitting in the bottom of a purse or drawer. These small amounts of change were never worth converting to your home currency. The Amsterdam Airport, Schipol now has a remedy for that.

The airport plans to begin a trial where passengers can exchange their loose change for cryptocurrency. The airport will place a kiosk or ATM in the main terminal. Passengers may exchange their currency for both Bitcoin and Ethereum.

The trial is expected to last about 6 months at which time more ATMs may be added to the Airport. This is just a small example of how cryptocurrecy will change everything. Digital currencies offer a convenience and mobility that fiat can not hope to match. I think in a few years, the very act of using fiat will actually seem archaic to most of the world.

“Reserve” Receives Backing from Major Players

One of the main problems with cryptocurrency is the volatility of the price. In order to be able to use cryptocurrency on an everyday basis for everyday things, you need some stability in the price. Buying groceries with crypto would be nearly impossible when the coin is up one day and down the next. For this reason a stabilized cryptocurrency has long been the goal of many in the traditional financial world.

“Reserve” may be the stabilized currency the world has been waiting for. As of now “Reserve” has received the backing of some major players in the financial world including Coinbase and Peter Thiel (founder of paypal).
While still in the developmental stage, the general idea is to have a cryptocurrency that maintains a peg which will encourage usage and give it stability. This stability could be life changing in countries where inflation has run rampant and the local currency is failing.

We expect to see some major developments with “Reserve” in the near future.

Walmart in the Energy Business?

Walmart has just filed a patent for a unique electrical grid. This is not your typical electrical grid. This is a grid which will be powered by cryptocurrency.

The purpose of the crypto grid is to better manage the consumption of energy and offer a transparency which is only possible due to the blockchain. Devices on the network will have a specific allotment to purchase energy with cryptocurrency. Devices on the network may share funds so that other devices have the required amount of cryptocurrency for the power needed.

Walmart filed the patent in the last months of 2017. The decentralization of the energy sector would be a tremendous feat if Walmart can achieve it. Walmart has been quite aggressive in filing patents pertaining to new blockchain technology. One of the patents is called a “Smart Package Patent” which would record a customer’s purchases. Walmart has also explored putting food on the blockchain to keep track of consumption and improve safety in cases of food recalls. Instead of a recall taking days to enact, blockchain technology could accomplish this in a matter of hours.

We are bound to see more applications for the blockchain technology as big business enters the cryptocurrency market.

Openledger Announces Reimbursement Program

Openledger has announced a reimbursement program for members who were victims of phishing attacks resulting from the hack of the domain. The DEX was not hacked, but Openledger briefly lost control of their domain which was registered through GoDaddy. Open ledger users who may have logged into their account using this domain were open to possible phishing attacks.

Some users inadvertently exposed there passwords and keys to the hackers. The blockchain itself was not hacked and remained secure. Openledger has since upgraded the SSL certificate to the highest and most secure class available.

In order to participate in the reimbursement program, users need to create a ticket. Make sure you put “My account was compromised” in the subject line. Openledger will take each case individually and investigate each loss.

While the hacking was somewhat disconcerting, I think we should be encouraged by the fact that the part of the exchange which was hacked was only the centralized domain. The decentralized exchange and all blockchain related activity remained secure. I think Openledger’s effort to reimburse victims of this attack speaks well of the Openledger community as a whole.

An Invitation to Join ONO Social Network

ONO is the new social network which will be operating on EOS. This network will be similar to Steemit, but will also have some differences. ONO seems to be all about community. A strong bond seems to exist among the ONO volunteers. If you visit the telegram channel you will find everyone coming together to create logos and videos to promote ONO. Their excitement is quite contagious.

The founder, Ke Xu seems to be very open to innovation. She has done so much as such a young age. Four years ago she lauched ERA, a social networking app. She also created a blockchain based game called Crypto Dogs, which was very popular in China.

Until now ONO has been only available in China. The site was invitation only and was so popular that the invitations were selling on the black market for up to $400. ONO is set to expand into the US market. The sign up is invitation only, but you can request an invitation here.

ONO Invitation

Interview with founder Ke Xu

Deutsche Bank to Offer Auto Financing with Blockchain Technology

Deutsche bank and Allianz have partnered with car exchange Auto1 to implement blockchain technology in the auto financing industry. The new company is called Auto1 Fintech. The company will offer financing for car loans as well as insurance products.

The transactions concerning financing will all be recorded using the blockchain. The blockchain technology offers complete transparency for all transactions. Financial transactions using blockchain technology will also enable the car dealers to act more quickly on services like refinancing and loan approvals. Transactions which would normally take a few weeks are an instant process using the new technology.

Blockchain technology has the potential to almost eliminate all back office expenses. The financial industry is just one of many businesses which will benefit from the advancements made possible by blockchain technology. Any business requiring record keeping will be completely transformed by this new technology. Hospitals, where accurate record keeping is imperative, stand to benefit the most.

Earn Steem with Product Reviews on

Join the Hunt! is a new product review site which runs on the Steem blockchain. Reviewers upload
the latest products in categories which might include Smart technology, Artificial intelligence, and
decentralized apps. Steemhunt is an intriguing site which displays the daily picks of some of the most cutting edge products currently available on the internet.

You may find recent Kickstarter products, but the products must be currently available to be purchased in order to be eligible for listing on You may not include links to common ecommerce sites like Amazon or Best Buy. These criteria truly inspire what Steemhunt regulars refer to as “The Hunt”. Once your chosen product is listed and approved by a team of moderators, your post is eligible for an upvote which in turns earns you cryptocurrency.

Several types of upvotes are possible on Steemhunt. You have the standard upvote from other Steemit users which works just like the site. Steemhunt also votes with varying strength determined by a ranking system. Some items in particular categories are also eligible for votes from Utopia. A recent first place winner actually received a vote of over 200 Steem for one item. The possibility of these types of rewards make the site both exciting and competitive.

You need a account in order to use the site. You may use Steem Connector for logins in order to keep your Steem passwords safe.

Visit for more details