The term ‘cryptocurrency’ is creating huge waves in the business world especially after the emergence of the COVID-19 pandemic. The worldwide spread of viruses and Artificial Intelligence created digital transformation, which increased the use of eCommerce transactions among consumers and business leaders. Bitcoin, Dogecoin, and Ethereum are dominating the cryptocurrency market over the other digital currencies. The Silicon Valley giant, Facebook, plans to launch its first-ever digital currency project, Diem in 2021. The project was formerly known as Libra in 2019 but recently the name is changed to Diem, a Latin word meaning ‘a day’ with fresh changes. The main aim of Facebook cryptocurrency is to revolutionize the fintech from 2021 after overcoming strong opposition from the regulators.

The Diem Association is the digital currency project group of Facebook, which aims to launch the Diem as the single U.S. dollar stablecoin with 26 corporate firms and non-profit organizations. One of the firms is a minority investor known as Novi, the digital wallet of Facebook. The primary payment system license was applied with the Swiss financial regulator but it recently relocated to the United States regulator. The Diem Association will introduce a sophisticated blockchain digital payment system that will permit real-time eCommerce transactions with Diem stablecoins. The whole eCommerce transaction will be registered as a money-serving business in the books of the U.S. Department of the Treasury’s Financial Crimes Enforcement Network. The single U.S. dollar-backed Diem will be issued and managed by the Silvergate Bank in California.

The whole world still has a fresh memory of the Facebook-Cambridge Analytica controversy, which was the primary reason for harsh scrutiny for the Diem Association in 2019. The involvement of Facebook in the digital currency project may hamper the protection of active user’s privacy that can lead to severe money laundering and cyberattacks. Diem recently lost hi-tech investors like Visa, Stripe, Mastercard, PayPal, Vodafone, e-Bay, and many more from its initial unveiling. Thus, Diem has faced a drastic change in technology from a basic blockchain to the most updated and protected one to serve the user privacy policy effectively. The initial start is in 2021 to attract merchants and lucrative partnerships with a limited pilot efficiently.

https://www.analyticsinsight.net/diem-the-facebook-cryptocurrency-will-be-launched-in-2021/

https://www.rt.com/business/513468-sberbank-cryptocurrency-launch-spring/

https://getcwtadvertising.com/they-didnt-realize-we-did-this/?fbclid=IwAR2iWCwX6hKpKSPgDr7XiSqVl2Um4BeZgKp_ADXLr2_z04wRBBBqLBgLSws

https://news.bitcoin.com/jpmorgan-predicts-146k-bitcoin-price-competition-gold/?fbclid=IwAR0jozxqpTgSBz9LaUrArPpPL82Q7EFKyZHcnng7F_-f73hJJqnFQhLXPUc

https://news.bitcoin.com/jpmorgan-predicts-146k-bitcoin-price-competition-gold/?fbclid=IwAR0jozxqpTgSBz9LaUrArPpPL82Q7EFKyZHcnng7F_-f73hJJqnFQhLXPUc

https://cryptobriefing.com/tesla-elon-musk-billion-bitcoin-investment/
Bitcoin has become one of the most exciting and potentially lucrative investments of 2020, and now Tesla and SpaceX founder Elon Musk wonders if he too should be adding BTC to his companies balance sheets.

We're pleased to receive the FinTech certificate from Singapore FinTech Association (SFA). Onwards and upwards!

https://www.linkedin.com/company/pundix/

Setting up Crypto-Potential's Infrastructure to scale.

Over the last few months, our dev. team has been building something to better the way people can connect and network in the blockchain world.

Below you can find the complete list of changes, upgrades, and features made for greater scalability and improved user experience.

- "Stick it !" feature added. Stick a post that you like to your profile
- redesigned profile page, now more user-friendly
- create post page has been redesigned
- picture upload for projects and providers
- keywords removed from user profile and registration (predefined keywords can now be selected)
- avatars removed, added default images for new users and users without a profile image
- added country flags on profile pictures
- profile description characters increased to 1000
- followers on follower list page now show flag, description, and keywords
- rewards for following a user remains 1 QCP, the provider remains 2 QCP and project changed to 2 QCP (down from 3)
- added "relevant 3 posts" to the "latest updates panel" to every page besides home and login page
- show "recent 3 posts" only on the wall page
- "become provider" and "become miner" removed. "Create a new company" introduced
- users can add which year they joined the blockchain space, the profile now shows "in blockchain since..."
- "miners" changed to "projects"


Want to find connections and networks in the Blockchain? Build your blockchain identity: https://crypto-potential.com/registration

Proud of a recent accomplishment? Make a post and share: https://crypto-potential.com/

Sacramento Kings launched a blockchain-based app that allows fans to bid on game-worn gear. The NBA is at the forefront of crypto adoption.

The Sacramento Kings launched a blockchain-powered app that allows fans to bid on game-worn gear.
NBA is at the forefront of crypto adoption in professional sports.
The Kings must start winning big games to help raise awareness of the potential of blockchain technology.
Many people think that cryptocurrencies only serve as an alternative payment option. While there are coins that fit this bill, there are other cryptocurrencies that can perform a host of other functions.

I laud the efforts of one NBA team to help raise awareness on the potential of blockchain technology. The Sacramento Kings, in partnership with Consensys and Treum, launched a blockchain-powered platform that enables fans to purchase authentic in-game gear.

Kings Fans Can Now Bid On Game-Worn Sports Gear
During home games, Kings fans can participate in a live auction of game-worn gear through the award-winning + Golden 1 Center app. On Tuesday, the game-worn jersey of Kings guard Buddy Hield was auctioned off.
By using the blockchain-powered platform, all auctioned items will be authenticated. According to a Reddit user, a digital token will be minted once an item is sold. The buyer will receive the token in an Ethereum wallet. The token will serve as proof of the item’s authenticity.

Another advantage of using blockchain technology is that buyers can establish a trail of the item’s purchase history. Should the auction winner decide to sell the game-worn gear, the person can show the token to prove ownership and transfer it to the buyer. The process is designed to protect fans from counterfeit memorabilia.

NBA Is Spearheading Crypto Adoption In Professional Sports
The NBA can be considered an early adopter of crypto. In 2014, the Sacramento Kings became the first NBA franchise to accept bitcoin as payment for store products and season tickets. Four years later, the same team began mining Ethereum.

Recently, Nets guard Spencer Dinwiddie tokenized his contract to get a lump sum payment and reward token holders. Now, the Kings are once again ahead of the curve in combating fake NBA merchandise.

The Bitcoin logo will appear on the shirt sleeve of Watford FC this season, as part of an educational drive led by the innovative sports betting brand Sportsbet.io.

The logo is part of a wider campaign to improve awareness around Bitcoin and educate the public on the benefits of using cryptocurrencies.

It is led by Watford FC’s primary shirt sponsor, Sportsbet.io, which announced a landmark deal with the Hornets team in June.

Justin Le Brocque, Head of Marketing at Sportsbet.io, said: “The crypto community have been hugely supportive of us since we began, so putting the Bitcoin logo on the sleeve felt like a fun way to give something back while also showing them our support.”

The sponsorship will be crowd-funded, allowing anyone who holds Bitcoin the exclusive opportunity to share in the perks granted to Watford FC sponsors. Contributors can bid for public LED space shown live during matches, use of the Bitcoin box for eight people and exclusive Watford FC merchandise.

Read more: https://www.watfordfc.com/club/bitcoin-confirmed-new-sleeve-partner