One of the main objectives of this project is to integrate the unbanked population into conventional finance, taking advantage of new technologies, especially the Blockchain. This offers the possibility of decentralized finance (DeFi: Decentralized Finance), and even more so if you take into account the mass adoption of mobile money in Kenya.

This scenario is beneficial for both those who have banks and those who do not. Features such as convenience, speed and low transaction fees also attract more and more, those that are banked.

Binance cryptocurrency exchange CEO Changpeng Zhao said a recent $ 1 billion cryptocurrency transaction shows bank failure.

He expressed his opinion on the social network Twitter in a commentary on the post of cryptocurrency enthusiast and entrepreneur Charlie Shrem. Shrem noted that the people who conducted the transaction paid $ 600 for the transfer of $ 1 billion in Bitcoin and, in his opinion, greatly overpaid. 

This days, EcomToken team have 3 announcements that will surely excite everyone!

(1) First, Ecom Token had a successful contract signing ceremony with GymLgr and Everest Network that was held in Madrid, Spain on August 31, 2019. The good news is that they invested funds worth 5 million euros, in that the condition of the contract requires that the community have a minimum of 6 million or more tokens.

While many giants from the technology sector, such as Samsung and IBM, are working intensively with blockchain technology, Apple is in no hurry to show interest in this direction.

However, this does not mean that the company is not interested in the new industry. Apple Pay vice president Jennifer Bailey told CNN that the company is eyeing the industry.

Jack Dorsey, CEO of Square's payment startup and founder of Twitter, said that Bitcoin will continue to spread, but it's too early to consider currency.

We saw in a globalized world, with infinite difficulties and conflicts. Problems of the complicated solution, disputes between countries, wars, terrorist attacks, environmental disasters, uncontrolled release of money, and many more that concern us. And we think about the number of solutions or ideals of life for all humanity. And this is where the OZOTOP Project comes with its proposal and will revolutionize the society model, providing a community free of negativity and scammers.

Blockchain Life 2019 highlights four significant topics: Blockchain, Cryptocurrencies, StartUps, and Mining.

According to one of the project's investors, on September 1, Telegram plans to begin a public test of its blockchain - TON (Telegram open network).

During the public test, the TON network node code and instructions for installing it should appear in the public domain. Sharding (the process of breaking transactions into separate pieces to ensure scaling) and consensus (a mechanism for confirming new blocks in the blockchain) should also be available, which will allow testing the entire blockchain.

The founder and CEO of the consulting company deVere Group, Nigel Green, believes that the new "bottom" for Bitcoin is now at around $ 10,000.

"Looking at its performance this year, I believe that the new normal bottom price for Bitcoin is $10,000. It bounces at this price. If it fluctuates below this level, it shoots back up again. We have seen this in action on Monday when Bitcoin hit $10,500 in a matter of minutes," Green said.

Luno cryptocurrency exchange CEO Marcus Swanepoel expressed the opinion that 90% of users use Bitcoin for investment or speculation, not for payments.

In an interview with CNBC, Swanepoel said that only a small part of the first cryptocurrency users use it for transactions and payments in the real world.