XRP managed to achieve something great that will lead Ripple’s digital asset one more huge step towards mass adoption. If you recall, we were reporting just recently that Ripple’s XRP could be on its way to mainstream adoption sooner than expected. A Ripple-backed startup revealed their really bold plans regarding the mainstream crypto adoption. Continue reading XRP Is Integrated With E-Commerce Platform That Powers 3.3 Million Online Stores
Overstock.com, the e-commerce leader that has embraced bitcoin and became the first company to solicit qualified institutional buyers in a digital corporate bond, has announced the subsequent sale period for its tZERO preferred equity tokens. The offering has been extended until 5 p.m. EDT on May 14, 2018. Overstock.com has begun the subsequent sale period for its tokens after raising $100 million in its pre-sale from strategic purchasers at discounted prices. During the subsequent sale period, purchasers will claim rights to acquire tZERO security tokens, pursuant to Simple Agreements for Future Equity (SAFEs), at a fixed price of $10.00 per token, subject to discounts and other concessions. Continue reading Overstock.com Moves Forward With Its Token Sale
China’s largest online and brick and mortar retailer JD.com announced the first four startups for its Al Catapult Blockchain incubation program in a press release published Tuesday, Feb. 27. The Beijing-based program, which has seen candidates from as far afield as Australia and the UK, aims to use the company’s vast Chinese infrastructure to arrive at new applications of Blockchain and artificial intelligence (AI), according to the press release. JD highlights its plans to “partner with innovative blockchain startups to build new businesses and create and test real-world applications of their technologies at scale.” The startups on board include Australia’s Blockchain-powered services marketplace CanYa and UK payments and ID platform Nuggets. The opening of Al Catapult marks not only JD’s newest foray into Blockchain following partnerships from its various subsidiaries such as JD Finance, but also the increasing competition for its ultimate application in the Chinese domestic market.
Leading Japanese e-commerce platform Rakuten will transition its rewards program to a blockchain-based system featuring a company-developed cryptocurrency. Rakuten CEO Hiroshi “Mickey” Mikitani made this announcement at the Mobile World Congress in Barcelona, according to a TechCrunch report, explaining that the token would be called Rakuten Coin. Rakuten Coin will replace the Tokyo-based company’s current “Super Points” program, which has long been regarded as one of the most robust loyalty programs in the e-commerce ecosystem, and its customers have collectively earned approximately $9.1 billion in points over the program’s 15-year history. Mikitani did not announce a release date for Rakuten Coin, but he previewed that it will be integrated into all of the firm’s many subsidiaries, which include Ebates, PriceMinister, and Viber. At present, it is unclear whether Rakuten Coin will run on its own, company-controlled blockchain or whether it will be built atop another blockchain — such as Ethereum, Stellar, NEM, or NEO — using smart contracts.