TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. China’s government-backed cryptocurrency could be launched as soon as November. Zeux enables Bitcoin Cash payments in stores supporting Apple & Samsung Pay. Hong Kong protests fuel bitcoin adoption. Ripple CEO addresses XRP price dump controversy. Brave introduces Ethereum-based crypto wallets, and Venezuelan pharmacy chain starts accepting cryptocurrencies.



Hong Kong Protests Fuel Bitcoin Adoption

That Hong Kong protests fuel bitcoin adoption might be latest wrinkle in ongoing action within China’s capitalist oasis. The last set of protests happening in Hong Kong are powering a renewed push for adoption by companies in the area, showing these as a series of defiance moves against the Chinese government. Pricerite, a Hong Kong retailer, has recently begun to accept cryptocurrency payments, and bitcoin cash-friendly ATM operator Genesis Block has also donated supplies in the form of water and umbrellas to the protesters.

Chinacoin Could be Launched by November

The central bank of China’s cryptocurrency, dubbed “Chinacoin” by some sources, could be launched as soon as November, according to an article published by Forbes. An unnamed source insisted the national digital currency could be launched as of November 11, a landmark day for spending in the country, called Singles Day. The institutions responsible for receiving and distributing Chinacoin would be the Industrial and Commercial Bank of China, the Bank of China, the Agricultural Bank of China, Alibaba, Tencent, and Union Pay.

Zeux Enables Bitcoin Cash Payments for Apple & Samsung Pay

Zeux, a cryptocurrency payment bridge system and investment platform insured by Lloyd’s of London, included bitcoin cash (BCH) among their list of supported currencies. Now, BCH users on the platform will be able to pay for products and services in stores supporting Samsung or Apple Pay contactless NFC payments. Zeux CEO Frank Zhou stated, “BCH is one of the most prominent coins in the crypto-space and working alongside their team brings us all closer to the mass adoption of cryptocurrency.”

Ripple CEO Addresses XRP Price Issue

I'm always struck by the questionable sources (i'm being generous here) spreading FUD about #XRP and @Ripple. Even more so over the last few weeks (Ripple's XRP sales, litigation etc)…. thus, I feel compelled to comment — Brad Garlinghouse (@bgarlinghouse) August 27, 2019

Brad Garlinghouse, CEO of Ripple, addressed allegations made in several key outlets linking low XRP prices with a constant increase of XRP sold by his company. Garlinghouse defended the approach, stating XRP sales are “helping expand XRP’s utility – building RippleNet & supporting other biz building w/XRP ie Dharma & Forte.” He declared that XRP sales were, in fact, dropping since the last quarter. However, Ripple investors started a Change.org petition called “Stop Ripple dumping.”

Brave Introduces Ethereum-Based Crypto Wallets

Brave, the company behind the crypto-powered Brave Browser, unveiled crypto wallets, a cryptocurrency wallet supporting ethereum and all ethereum-based tokens. According to Brave, this is a non-custodial Metamask-like dApp supported browser, with the holder having private keys stored locally in the device. This new crypto wallet will evolve to include integration with Uphold, a popular cryptocurrency exchange, and also direct transactions between Brave Rewards, their advertisement program.

Venezuelan Pharmacy Chain Starts Accepting Crypto

#Venezuela Les informamos que ya recibimos pagos en Monedas Digitales en nuestras sedes Lido, Santa Paula y CCCT. Próximamente estará disponible dicha forma de pago en nuestras 22 sedes en la ciudad de Caracas. ¡Estén pendientes! pic.twitter.com/S6VhFy2SfM — Grupo Farmarket (@GrupoFarmarket) August 27, 2019

A Venezuelan pharmacy chain called Farmarket started accepting cryptocurrencies for medicines, using a third-party payments system provided by Panda Exchange called XPay. The system allows payments with bitcoin cash, BTC, Dash, and the Ethereum-based dai stablecoin. While only three stores of the chain will be using this solution as a pilot, the 22 stores of the franchise located in Caracas plan on allowing payment with cryptocurrencies in the near future.

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DYOR: CoinSpice is your home for just spicy crypto things. We’re not affiliated with any cryptocurrency project or token. Each published piece is intended for information purposes only, not investment advice and not in the hope of impacting speculative markets. There are plenty of trading sites and coin-specific advocacy journals out there, we’re neither. CoinSpice strives for rigorous accuracy in our reporting. Information presented here is contingent usually on a host of factors, and the ecosystem moves fast — prices change, projects change, and at warp speed. Do your own research.