Bitcoin

Bitcoin Daily: Rakuten Secures Crypto Exchange License; LVMH Launches Luxury Retail Blockchain

Cryptocurrency

Louis Vuitton label owner LVMH is reportedly gearing up to roll out a crypto provenance platform that has the code name  AURA, CoinDesk reported. AURA is said to come online in May or June with Louis Vuitton, along with Parfums Christian Dior. As it stands, the crypto provenance platform has reportedly been created via a version of the Quorum ethereum blockchain. And the company has reportedly had a blockchain team working full time for more than a year. LVMH counts famous brands such as Hublot and Dior as well as Dom Pérignon. The group reportedly had revenues of $53 billion last year.

And Japan’s Financial Service Agency (FSA) has said that Rakuten’s new digital currency exchange, Rakuten Wallet, is now registered as a virtual currency exchange provider with Kanto Local Financial Bureau under the Payment Service Act, CoinDesk reported. The eCommerce firm had previously acquired the Everybody’s Bitcoin Inc. exchange last year for $2.4 million. It, however, noted that it was concluding the older service. Users, in turn, could sign up for the new Rakuten Wallet. On a similar note, the FSA said it issued DeCurret a license. The exchange reportedly will offer spot trading of four digital currencies in the country.

In other news, DragonEx said on its Telegram channel that it suffered a hack — digital currency that was owned by the exchange and users was “transferred and stolen,” CoinDesk reported. The outlet reported that the exchange took down its platform due to purported system upgrades on Sunday (March 24) and said it was “still working on system maintenance” prior to saying that it had experienced a hack. DragonEx said in a Telegram announcement on Monday (March 25), “Part of the assets were retrieved back, and we will do our best to retrieve back the rest of stolen assets.” The company also said that “all platform services will be closed and the accurate assets loss/recovery situation will be announced in a week.”

 

 

 

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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