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Anz beem it8/28/2023 ![]() ![]() Please do not hesitate to contact the mods if you are unsure of anything in this regard.Īus. ![]() If you require personal financial advice, visit the following links to find a professional: Nothing in this sub is Personal Financial Advice. Personal attacks of any kind will not be tolerated. Please keep all comments civil and constructive. Please do not post business solicitation or referral links for your own financial advantage. If your link doesn't relate directly to Australia, please provide a short description detailing how you see the subject impacting Australia. This is a place for discussion and opinions. Nothing here is licensed personal financial advice. Please join our Discord Server for more personal finance discussions. In addition, FIS, another payment service provider, is also on the Council.Welcome to AusFinance - Please read the sidebarĭiscussions relating to Australian Personal Finance, banking, investments, superannuation, insurance, and tax Please have a read of the Sub Rules before posting for the first time. The Hedera network is host to various projects across eleven industries, including the development of solutions to monitor the temperature of Covid-19 vaccines storage rooms, and in the development of blockchain technology that verifies government-issued records. Meanwhile, before eftpos, the last entity to join Hedera’s Council was law firm Dentons. If token issuers don’t self regulate, governments will do it for them. Many cryptocurrency prices are correlated, and while HBAR spiked by 70%, Bitcoin’s price remained flat. The embargoed news release started to circulate on the afternoon of January 21st, by which time, as the graph indicates, the price had already spiked. Most news is not especially sensitive, but the eftpos news is important because it indicates potential adoption by banks. Various cryptocurrencies have been pursued by the SEC for issuing tokens that are securities, the biggest being Ripple and XRP. We noted the same behavior before the announcement of Google joining the Governing Council. The price of Hedera’s token HBAR spiked in advance of major news. However, given the latter, there’s a higher bar for its activities. Hedera Hashgraph has numerous strengths, including its unique technology and its Governance Council dominated by large enterprises. Along with several partners, we are now exploring a variety of use cases that this combination of technologies enables and the options to commercialise them.” Spike in token price “Use cases like this simply are not possible on other public blockchains. ![]() ![]() “By combining the new eftpos API infrastructure with a consumer wallet-based experience, digital identity, and an AUD-based stablecoin using Hedera’s superfast, secure and low-cost distributed network, the PoC’s objective was demonstrably achieved,” said Rob Allen, eftpos Entrepreneur in Residence. Hence before becoming a Hedera Governance member, eftpos ran Proofs of Concept (PoCs). Key drivers behind eftpos’ interest in Hedera are micropayments for small online payments or device to device transactions, including stablecoins. In 2019, debit payments accounted for 44% of all consumer payment methods, and in 2020 they accounted for 70% of the monthly electronic payments. Eftpos processed over two billion transactions in 2020 at an average of more than $300 million a day.ĭebit cards have become the most popular payment choice in Australia. The organization operates Australia’s debit card processing system and recently acquired ‘Beem It’, a mobile payments app. Nineteen firms own eftpos, including Australia’s biggest banks Commonwealth Bank of Australia, Westpac, ANZ and National Australia Bank. The news is a massive win for the DLT network, but the token price spiked before the announcement, repeating behavior before Google joined. The company is the 17th entity to join Hedera’s Council, including Google, IBM and LG Electronics as members. Australian payments company eftpos has joined the Governing Council of Hedera Hashgraph’s decentralized public network and will run the country’s first node. ![]()
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