50p weekly reading list #14–10 Jan 2018
Here’s what’s new this week.
Telegram is planning to launch its own cryptocurrency
According to reports from the TechCrunch, Telegram is planning to launch its own cryptocurrency and blockchain platform to power payments and more features on its chat app. The report comes after it was rumoured that Telegram would launch an ICO soon.
Encrypted messaging startup Telegram plans to launch its own blockchain platform and native cryptocurrency, powering…techcrunch.com
Google researcher finds vulnerability in a popular wallet
A researcher at Google, Tavis Ormandy reported a critical bug in the Electrum wallet, which would allow any website to steal the cryptocurrencies held in that wallet. Electrum immediately patched the bug and issued an update fixing the glitch.
Cryptocurrency enthusiasts relying on the popular Electrum wallet to store their Bitcoin ought to hurry up and update…thenextweb.com
NPCI plans to launch UPI 2.0, introducing mandates and Aadhaar based payments
The National Payments Corporation of India is exploring the launch of an upgraded version of the UPI platform in UPI 2.0. The upgrade will bring in the ability to make payments through Aadhaar based biometrics and also allows mandates/recurring payment authorisation. The upgrade will make it easier for services which use a subscription or a recurring billing scheme to collect from users directly from their bank accounts without requiring paperwork.
Version 2 will allow Aadhaar-based transactions Enthused by the quantum jump in the volume and value of transactions in…www.thehindubusinessline.com
Banks are warning exchanges to stop accepting transfers through NEFT, IMPS and RTGS
Banks in India are now tightening the grip on cryptocurrency exchanges in India after pressure from the RBI. The RBI has issued a few warnings and notifications about cryptocurrencies not being legal tender in India. A similar warning has also been issued to holders of Citibank credit cards.
Just after Christmas, Indian cryptocurrency exchanges and payment gateways started getting calls and emails from their…factordaily.com
PhonePe partners with Freecharge to expand acceptance in offline and online locations
PhonePe is looking to expand its reach by partnering with Freecharge. The partnership will allow Freecharge wallet holders to pay at locations where PhonePe is accepted as well as allow them to link their wallets on PhonePe.
This move is in line with PhonePe's strategy to become a full-stack payments container. And Freecharge isn't the only…yourstory.com
Cooperative banks prefer Rupay to Mastercard or Visa
According to a survey conducted in Gujarat during a digital payments workshop, cooperative banks are increasingly preferring Rupay to Mastercard and Visa. The indigenous solution seems to have a better reach among smaller banks and merchants compared to the big players like MasterCard and Visa.
Cooperative banks in Gujarat prefer Government of India promoted Rupay Card to Mastercard or Visa, revealed a sample…www.dnaindia.com
Ola and ICICI Bank partner to offer more services to cab riders
Soon, ICICI Bank customers will be able to pay with Pockets or iMobile for their cab rides. Ola is also introducing instant credit facility for cab riders based on ICICI’s real time credit assessment. Ola drivers will also be given a card from ICICI, where they can get their settlements every day. The card can also be used for transactions at retail locations.