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Source from:  https://www.coinjoker.in/bitcoin-news/facebook8217s-libra-8220blockchain8221-has-been-released Facebook’s Libra protocol was released today, along with the  cryptocurrency  it will host on the platform, namely Libra Coin. According to developers, Libra Coin will serve as a stablecoin that will have utility in Facebook’s social media platforms and messengers, allowing users to withdraw fiat currencies. Facebook has stated that it will require government-issued ID from all its coin users, but this utility may lead to governments banning the platform or crypto as it can be considered an alternative to centralized banking. Vladislav Glinko, a Kremlin economist, suggested in his  tweet  that Russia will stop its citizens from using Libra by blocking their access to Facebook, WhatsApp and Instagram. “Facebook’s Libra will have no alternative but to face being blocked on Russian territory”-   tweeted Glinko. He also ad...

The South Korea postal service plans to integrate blockchain technology to its billing service. According to  a report  by  News1 Korea , the new platform will also target the overseas remittance market. The postal service will partner with two other companies in the blockchain venture. The first will be Coinplug, a  South Korean cryptocurrency exchange platform. It will also partner with NHN Corporation, a global IT giant with presence in entertainment, cloud computing, fintech and advertisement. The report further revealed that the South Korean government will support the initiative with 800 million won ($677,000). The project will fall under the Ministry of Science and ICT, relying on NHN’s fintech and cloud technology as well as Coinplug’s blockchain expertise. The new system will still be as simple to use as the existing systems. Users will scan QR codes to make their payments, only that with the new system, the data will be stored on the blockchain...