Pakistan’s very first cross-border remittance service has introduced yesterday at an event which took place in Islamabad, this service is actually based on Blockchain Technology.
The newly launched Blockchain Technology is basically introduced by Telenor Microfinance Bank. Speaking of the Service, it offers EasyPaisa in collaboration with Valyou from Malaysia.
1. About Valyou Malaysia:
Valyou Malaysia is a financial technology firm which offers a convenient, safe & secure and cost-effective way to send money abroad from Malaysia. The company’s main focus is to empower underbanked communities to manage their money in a very smarter way. know more about Valyou Malaysia
2. Blockchain Remittance Services Between Pakistan & Malaysia:
If we talk about Pakistan’s side, we would like to share with you that this Pakistani Blockchain Technology is designed or developed by AliPay, which is a third-party mobile or online payment platform based in Hangzhou, China. The company started its operations in February 2004 by Alibaba Group and the name of the founder is Jack Ma. To know more about AliPay, please visit here.
3. What is Blockchain Technology & How it Works:
Blockchain Technology is a fast growing record-keeping technology behind bitcoin or a growing list of records or called blocks that are linked with the help of cryptography. Each block contains a cryptographic hash of the previous block, transaction data and a timestamp.
If you have followed Banking, Investing or Cryptocurrency then you would surely understand that the Blockchain is actually a decentralised, distributed public ledger. Here we would like to share some details of the World’s First Blockchain Cellphone named as Finney.
4. Advantages Of the Blockchain Remittance Technology:
The newly started Blockchain Remittance Service between Pakistan & Malaysia will enable Pakistani Citizens/Residents who reside in Malaysia can easily avail this service to send money to any of their relatives or anyone in Pakistan.
5. Finney Blockchain Phone:
Finney Blockchain Cellphone is a high-end gadget with a 6-inch display that supports FHD+ and 18:9 aspect ratio. The device comes packed with Qualcomm Snapdragon 845 processor, 6GB of RAM and 128GB of Internal Memory.
If we talk about Finney Blockchain Phone’s Camera, the device has a 12 megapixel rear-facing and an 8-megapixel front-facing camera with an ultra secure fingerprint scanner. The device also has a 3000mAh powerful battery.
The interesting part about Finney Blockchain Device is its cold-storage cryptocurrency wallet as it has no link with the Internet hence, all of the user’s data or even transactions are saved from hackers. Please find complete details of the latest Finney Blockchain Phone below:
According to latest reports, HTC has also revealed that the company is planning to introduce an HTC Blockchain Phone in near future. We will keep updating you with every single news related to the topic in coming days. Stay Tuned!