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Intuit Develops a Method to Send Bitcoin Via Text Messages

Intuit Develops a Method to Send Bitcoin Via Text Messages

Business and financial software developer from California Intuit has been granted a patent for processing bitcoin installments via text message.

Published by the U.S Patent and Trademark Office (USPTO) on Tuesday, the patent details how a network of virtual accounts could empower two users to transfer funds utilizing their phones. The patent was filed in 2014, not long after the company had launched its QuickBooks Bitcoin Payments service that allowed small businesses to accept bitcoin instead of fiat currency.

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Goldman Sachs Postpones the Launch of Crypto Trading Desk

Goldman Sachs Postpones the Launch of Crypto Trading Desk

Goldman Sachs Group Inc. is pausing its intention to open a cryptocurrency exchanging desk, as Business Insider reported September 5. 

Vague Regulation Environment to Pause the Project 

In December, Bloomberg announced the bank’s plan to launch a crypto-centered unit by the end of June 2018. Sources claimed that Goldman Sachs was willing to become "the first large Wall Street firm to make markets in cryptocurrencies."

However, since the regulatory policy remains rather vague, the bank has brought down the priority of the project. It might take some time before a regulated bank could exchange digital assets, claim the sources. 

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West Virginia to Enable American Troops Overseas to Vote on Blockchain

West Virginia to Enable American Troops Overseas to Vote on Blockchain

A mobile app based on blockchain will enable American troops serving abroad to cast their votes in West Virginia in the federal elections this November.  

Just Take a Selfie

Using facial recognition software, the platform named Voatz will match users’ "selfie-style video of their face" to their government-issued IDs, as indicated by CNN. Once endorsed, voters will be permitted to cast their ballot on the application. Then, votes will be anonymized and stored on the blockchain.

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