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BitPay now Offers a Crypto Payment Card in the US

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Several years ago, crypto debit cards were very easy to come by. Today, things have changed significantly, although new entrants are throwing their hat into the ring once again.

BitPay is best known for being  a Bitcoin payment processor.

The BitPay Card is Available

Rather than sticking with that business, the company has decided to explore a few different options.

Qries

One such venture comes in the form of issuing a prepaid debit card.

Rather than going with Visa, BitPay has opted to provide a Mastercard-branded payment option.

An interesting choice, although more competition among card issuers is always a good thing.

As part of this new venture, the card will be known as BitPay card.

Users will prefund their card with cryptocurrency, and it can be converted to fiat, which is then “put on” the card to spend. 

It is also one of the few cards to become available to clients in the United States.

Combined with the mobile application, users can fund their card through Bitcoin, BCH, Ethereum, XRP, and  a few stablecoins.

Limits-wise, there is a $25,000 balance limit and withdrawals are capped at $6,000 per day. 

All cards are provided through Metropolitan Commercial Bank, headquartered in New York City. 

Image(s): Shutterstock.com

Source: https://nulltx.com/bitpay-now-offers-a-crypto-payment-card-in-the-us/

Blockchain News

Chinese President Xi Jinping: Participate in Making Digital Currency and Digital Tax’s International Rule Actively

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Updated 31 October 2020 12:06 pm UTC

China’s President Xi Jinping will publish an article on November 1 outlining the President’s strategy for China’s growth through the COVID-19 pandemic and highlights fostering a digital economy and digital currency.

China’s General Secretary of the CPC Central Committee, President, and Chairman of the Central Military Commission Xi Jinping will publish an article entitled “Several Major Issues in the National Medium and Long-term Economic and Social Development Strategy“ on November 1 on Qiushi (Seeking Truth) Journal, a CPC central committee political theory periodical.

The article emphasizes that the world today is undergoing major changes unseen for a century. The coronavirus pandemic is not only a crisis but also a big test. In the article President Xi says now we must draw inferences from one another, carry out more long-term thinking, improve the strategic layout, and achieve high-quality development by turning crises into opportunities.

The article has 6 main points:

First, firmly implement the strategy of expanding domestic demand.

Second, optimize and stabilize the industrial chain and supply chain.

Third, improve the urbanization strategy.

Fourth, adjust and optimize the structure of scientific and technological input and output.

Fifth, to realize the harmonious coexistence of man and nature.

Sixth, strengthen the construction of the public health system.

On the second point about the industrial chain and supply chain. President Xi talks about the digital economy. He said:

“Our country’s online economy has led the world and played an active role in the prevention and control of this epidemic. Online office, online shopping, online education, and online medical services have flourished and are deeply integrated with the offline economy. We must take advantage of the trend to accelerate the construction of digital economy, digital society, and digital government, promote digital optimization and upgrading in various fields, and actively participate in the formulation of international rules including digital currency and digital tax to create new competitive advantages.”

President Xi’s statements further reflect his highlights on the digital economy and blockchain. On 2019 Oct 24, he delivered a speech on the development of blockchain technology, saying that “we need to take blockchain as an important breakthrough for independent innovation of core technology”. Blockchain as the infrastructure of digital currency, with the great potential in reshaping the monetary and financial system and almost all other industries, is one of the core technologies that major countries compete in. 

Image source: Shutterstock Source: https://Blockchain.News/news/chinese-president-xi-jinping-actively-participate-in-international-rule-formulation-of-digital-currency-and-digital-tax

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Energy

1 p.m. Update: Georgia Power working to restore remaining 68,000 customers after Hurricane Zeta

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ATLANTA, Oct. 31, 2020 /PRNewswire/ — Georgia Power continues restoration efforts and has already restored electric service to more than 700,000 customers following Hurricane Zeta. As of 1 p.m. Saturday, approximately 68,000 customers are without power across Georgia. The company is working as safely and quickly as possible to restore power to customers.

Based on the impact of Hurricane Zeta across the Southeast and other storm activity in the country, the availability of additional resources from other utilities to assist with restoration efforts in Georgia is limited. The company will continue updating regional restoration estimates as often as possible and as additional resources from other utilities are secured. Currently, the company has secured resources from 14 states to support restoration efforts.

Damage from Hurricane Zeta is widespread and covering the northern half of the state and is similar to the damage seen after Hurricane Michael in 2018. As Hurricane Zeta crossed through the state, Georgia Power’s service territory experienced wind gusts of up to 75 mph for more than two hours, along with sustained winds of 25-40 mph for more than five hours straight. Teams continue experiencing challenges including downed trees and roads blocked that must be cleared to enter certain areas.

Damage assessed from Hurricane Zeta:

  • Over 600 broken poles
  • More than 1,800 spans of wire down
  • More than 240 damaged transformers
  • Hardest hit areas include the Atlanta area and North Georgia (including Clayton, Dalton, Gainesville, Rome, Carrollton and Cartersville)

All of Georgia Power’s teams are in the field today working to restore power.

Update – As of 1 p.m. Saturday

  • Power has been restored to more than 700,000 Georgia Power customers across the state.
  • There are approximately 68,000 Georgia Power customers currently without power.
  • Approximately 3,000 cases of individual damage or trouble.
  • Damage and outages are widespread and across the northern half of the state.

The company encourages customers to keep safety first following Hurricane Zeta: 

  • Watch for downed wires. Downed power lines may be hidden by debris or fallen trees.
  • Never touch any downed wire or attempt to remove tree branches from power lines – it can kill.
  • Don’t step in standing water or saturated ground where downed lines may be present. They could be electrified.
  • Avoid chain link fences. They may be electrified by a downed line out of sight and conduct electricity over great distances.
  • Watch for Georgia Power crews working across the state. If driving, move over one lane for utility vehicles stopped on the side of the road – it’s the law in Georgia.

About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America’s premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company’s promise to 2.6 million customers in all but four of Georgia’s 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).

SOURCE Georgia Power

Related Links

http://www.georgiapower.com

Source: https://www.prnewswire.com:443/news-releases/1-pm-update-georgia-power-working-to-restore-remaining-68-000-customers-after-hurricane-zeta-301164304.html

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Blockchain News

South Korean Hospitals to Usher in New Healthcare Era Using Blockchain Technology, AI and Big Data

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South Korean hospitals intend to set the ball rolling in ushering in a new healthcare era using industry 4.0 technology like blockchain, artificial intelligence (AI), and big data.

Leading the charge in to emerging technologies is Yonsei Medical Center, one of the most prestigious hospital groups in the nation, as it aims to foster an open innovative infrastructure for future healthcare services.

Advancing precision medicine

During a press conference held at Yonsei University, Yun Dong-seop, the director of Yonsei Medical Center, revealed that attaining the next-generation precision medicine necessitated an open innovative infrastructure coupled with information technology (IT), blockchain, digital medical care, AI, and big data.

He noted:

“It is a step forward from precision medicine that provides optimal treatment for each patient by analyzing personal genetic information, clinical information, and lifestyle habits, and provides new medical services through open infrastructure including digital.”

Blockchain technology will be instrumental in realizing data-centric hospitals by upgrading the quality of medical records. Data is to be collected using biosensors and digital neural networks for smart medical centers.

Digital treatment and research

Yonsei Medical Center has set its eyes on digital treatment and research by leading future medicine in various fields, such as diagnostic devices, new drug targets, medical devices, blockchains, and AI through medical technology holding companies.

Yun acknowledged:

“We will realize precision medicine for serious and intractable diseases in the future so that Yonsei Medical Center can grow into a global digital leader medical institution.”

Healthcare is a fundamental field in modern society. Blockchain-based solutions are being deployed to propel this sector to the next level. For instance, the Singaporean administration recently teamed up with local startup Accredify to establish a blockchain-powered digital health passport to boost medical records management.

This development would enable healthcare information to be kept in a digital wallet because the passport had already been piloted in May using COVID-19 data during the height of the global pandemic. 

Image source: Shutterstock Source: https://Blockchain.News/news/south-korean-hospitals-new-health-care-era-blockchain-technology-ai-big-data

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