Ripple technology to help Turkish and Israeli startups make cross-border credit transfers, price stall continues while Litecoin exceeds the BCH box currency

• Stablecoin continues its enigma: bitUSD enters "global settlement"

BitUSD, the stablecoin with USD pegging of the BitShares project, has recently entered globally for the first time since it was released in 2014.

The global solution is a situation in which users are no longer able to borrow bitUSD from the chain. Instead, holders are able to convert their bitUSDs to BTS at the current global settlement price of $ 0.70. The problem was explained on Twitter by Myles Snider, creator of the stablecoinindex tool and CEO of Aurora EOS.

According to Snider, the dollar value of the collateral support bitUSD fell under the exceptional offer of bitUSD, leaving all sub-collateralized bitsUSD and triggering global settlement. Snider calls this "the black swan event" of the stablecoin industry, one that all stablecoin should be prepared even if it is unlikely to happen.

It is interesting to note that bitCNY (which is a BitShares stablecoin anchored to the Chinese yen) is overcoming the current market storm without much trouble, which Snider attributes to this currency which is considerably more liquid and has more support / guarantees than bitUSD. Snider points out that the situation with bitUSD clearly shows the weaknesses of the single-collateral stablecoin model. The popular "blockchain nerd" Preston Byrne predicted that the stablecoin related to BitShares would thus react in a bearish market situation in 2014.

• The "Flappening" is complete: Litecoin passes to Bitcoin Cash

In a story that should have happened in recent days, Litecoin and Bitcoin Cash have exchanged places on the list of the most precious cryptocurrencies on the market.

The so-called "flappening" was predicted by Charlie Lee in February of this year, when he said that the policy surrounding the Bitcoin Cash fork will eventually result in a loss of market position by BCH. His prediction came true on December 14th^th at 9:15 am when Bitcoin Cash dropped below $ 1.4 billion and fell to identify No. 8 of the list of the most precious precious coins of coinmarketcap.

The Litecoin community has even created a flappening.watch website that tracks the two currencies and compares their statistics, including market capitalization, current price, active addresses, transactions, mining prizes, average time to block and the volume of exchanges. Prior to the LTC / BCH market cap, Litecoin already had the currency beat backed by Roger Ver in all those categories, except for the current price.

At present, market capitalization is still active, as Litecoin's capitalization of $ 1.41 billion is more than enough to stay above Bitcoin Cash. What is even worse for BCH is that there are very few signs of stopping the rotten started on November 15th^th fork; while a BCH is still three times more expensive than an LTC, it is hard to imagine that this relationship will not change in favor of creating Charlie Lee in the future.

• Ripple technology to help Turkish and Israeli startups make cross-border transfers

A Turkish bank called Akbank has confirmed that they will start using Ripple technology to make cross-border transfers of the British pound. Akbank is the first private bank in Turkey to adopt blockchain-based cross-border payment technology.

The news was confirmed by Tolga Ulutaş, executive vice president in charge of Direct Banking at Akbank. The bank became part of the Ripple Ripplenet global payments network in April 2017, when Ulutaş had this to say:

"We are excited and delighted to be the first bank in Turkey to take the important step in the use of blockchain technology for international money transfer services. We believe this new phase of technology will increase the speed and transparency for our customers, at the same time reducing costs and providing better quality of service ".

Ulutaş confirmed only a couple of days ago that Akbank decided to officially start the transfer of GBP with the help of Ripple's infrastructure:

"Now we have started to transfer money from GBP via Ripple to Santander UK with Blockchain infrastructure.With this important technology, our customers can now benefit from the possibility of transferring money in international money transfers at a much lower cost. the participation of new banks in the system, we continue our journey to expand this service through cooperation with several banks ".

At the same time, the Israeli money transfer company GMT has also confirmed that it will be the first representative of Ripple from Israel. GMT is joining companies like MoneyGram, AmericanExpress, CIBC, Earthport, mentioned Akbank and many others that are already authorized to use the Ripple platform.

• IOTA to expand its partnership with Audi?

The IOTA community can expect a very important partnership in the near future, according to some new details, including a post posted on the official IoT project media page and a LinkedIn post made by an Audi employee.

According to this post, the Audi Denkwerkstatt team (translated into "Audi thinktank") and IOTA spent 5 months working together to create a mobility solution based on the IOTA Tangle protocol and the Audi experience.

"We can not imagine life without mobility, but today, mobility" goes far beyond the car, including infrastructure solutions and new concepts of locomotion, as well as pedestrians. what will be the premium mobility of the future? Who will define it, who will influence it and who will model it? The Audi Denkwerkstatt team explains their mission. They also add:

"The Audi Denkwerkstatt would like to answer this question with" US "" WE "we are Audi employees of all areas and company levels who are working to answer this question in the co-working space of Berlin," The Factory "" Factory am Görlitzer Park ".

But "WE" also means start-ups, technology partners and creative talent that help us to develop and build products and business models. "WE" we want to use Audi's strength as a center of technological expertise and combine it with the skills of start-ups in agile development, creative approaches and absolute customer care ".

The 5 months in which these two teams worked together were used for research, including defining the real problem and a potential solution, creating the first prototypes and testing the community reaction. According to the IOTA, both sides learned from each other and contributed to the final results of the project.

For now it is not clear where this partnership will go, but a recent post on Malte Schonfend's, a venture development manager at Audi Berlin, could suggest that something new is on the horizon. Schonfend's post is about "pushing a new case of use to reality" and focusing on e-mobility. Electric mobility (e-mobility) is a general term used to describe the development of electric vehicles. Considering the fact that Audi has set aside nearly $ 16 billion that must be invested in this emerging part of the automotive industry, all signals imply that there is more to a potential partnership with IOTA than just gossip.