"Tidbits From TNT" Tuesday Morning 6-20-2023
TNT:
CandyKisses: Trade adopts the mechanism of the electronic system in the registration of new companies
Today, Tuesday, the Ministry of Commerce clarified the mechanism for registering new companies, while noting that 48 services related to company registration will be switched to the electronic system within two weeks.
The Director General of Companies Registration in Iraq in the ministry, Rashad Khalaf Hashim, told the official agency (Al-Oula News), that "the ministry through its website explains the steps for those wishing to establish new companies, starting with the first step, which includes uploading documents to the system and sending them to the registrar and the required documents, and ending with obtaining a license to establish the company."
"After the company's lawyer pays the fees, the company's establishment license is obtained within a maximum period of 10 days," he said.
Harambe: Zimbabwe's Central Bank Set to Launch P2P Platform for Facilitating Gold-Backed Digital Currency Transactions – Africa Bitcoin News (6/20/23)
The Reserve Bank of Zimbabwe has said it is getting close to launching a peer-to-peer platform which will facilitate digital gold token transactions. The central bank said the launch of the platform is expected to help reduce local demand for the greenback. Governor John Mangudya said the tokens have a value which is “linked to the London Bullion Market Association (LBMA).”
‘Gold Token’ Bank Accounts
The Zimbabwean central bank has said it is “finalizing” the establishment of a peer-to-peer (P2P) platform which is expected to facilitate digital gold token transactions. According to a June 17 Sunday Mail report, the Reserve Bank of Zimbabwe (RBZ) hopes to launch the platform towards the end of the month.
The P2P platform is part of the central bank’s measures which seek to diminish local demand for the U.S. dollar and to stabilize the Zimbabwean dollar. The latest digital gold token announcement by the RBZ came just a few weeks after it launched a gold-backed digital currency. As reported by Bitcoin.com News at the time, the RBZ initially said the tokens “would be used both as a means of payment and a store of value.”
According to the Sunday Mail report, holders of the digital gold tokens will be required to open “gold token” bank accounts which in turn will be converted to a U.S. dollar-benchmarked value system. The report added that the gold tokens will also be added to the mix of currencies which are legal tender in Zimbabwe.
P2P Platform Undergoing Tests
The report revealed that the central bank has sold some 313.9 kilograms of gold-backed digital tokens so far, and also quotes the RBZ governor revealing that the P2P platform is currently undergoing tests.
“The second phase of the rollout of the digital gold tokens, which will enable transacting using the gold-backed digital currency, will start this month, and we are currently testing the system before launch,” Mangudya said.
The RBZ governor also said the tokens have a value which is linked to the London Bullion Market Association (LBMA). He added that the digital gold tokens will be stored in a special wallet known as an e-gold wallet or gold card.
Persistence Gwanyanya, an economist and a member of the central bank’s monetary policy committee, is quoted in the same report hailing the measures taken by the RBZ. Gwanyanya said he expects to start seeing positive results in the coming weeks.
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Harambe: Samsung Wallet comes to Vietnam with Shinhan Bank integration - SamMobile (6/20/23)
Samsung Vietnam signed an MoU with Shinhan Bank Vietnam on June 14 to establish a partnership that will bring Samsung Wallet closer to the Vietnamese people. Thanks to this partnership, Samsung Wallet users in Vietnam can load their Shinhan Bank cards on the app and use them on the go.
This MoU will bring together the strengths of both companies together, to create an integrated digital payments solution in Vietnam. Samsung Wallet and Shinhan Bank in Vietnam let Samsung Galaxy owners link their Shinhan Bank cards with the Samsung Wallet app for quick payments.
Thanks to Samsung’s leading security platform and other features, this will bring peace of mind when people make any transactions and bring this modern mobile payment solution into their daily lives. Also, in order to boost the usage of Samsung Wallet among Vietnamese customers, Galaxy smartphone owners will enjoy special offers from Shinhan Bank for purchasing Samsung products using the wallet.
Users will be able to enjoy seamless transactions across all services thanks to Samsung’s KnoxGuard mobile payment method bringing the highest security quality. Some attractive incentives that are available to the users from June 16 to July 15 are direct discounts of VND 500,000 (roughly $21.25) when purchasing the Galaxy S23 series, the Galaxy Z Fold 4, and the Galaxy Z Flip 4 with a Shinhan Visa card via the Samsung Wallet app.
Also, users will get one Laneige voucher worth VND 400,000 (roughly $17) if they complete four transactions per week using the Samsung Wallet app. There is also 50% cash back on every first transaction using the Shinhan card via the Samsung Wallet app, among other benefits.
https://www.sammobile.com/news/samsung-wallet-vietnam-shinhan/
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