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Xiaomi responds to Portuguese stores accepting cryptocurrency payment: partners operate independently in the local area.

Earlier, it was reported that Mi Store Portugal, the official retailer of Xiaomi in Portugal, recently began to accept cryptocurrency payment.

After investigation, the information was released by Mistore Portal, an authorized partner of the third-party millet store in Portugal, which is independent in the local area and has nothing to do with the operation of Xiaomi Company.

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Japanese credit card brand JCB will develop payment using face recognition.

As long as you register your face photos in advance, you can go through the deposit and withdrawal procedures at the bank window and shop in the retail store empty-handed. Japan's Risona Holdings and Panasonic announced on the 2nd that they will jointly develop a system using face recognition technology to provide the above services. The system can also be used to confirm identity when staying in hotels and renting cars, which is expected to improve convenience in a wide range of fields.

In addition to Risona and Panasonic, which have face recognition technology, these four companies also include Dainippon Printing, which has advantages in using digital technology to confirm identity, and JCB, which provides settlement services.

This year, it will be used for room access management of Risona Company. Next year, we will try to use face recognition to deposit and withdraw money, remit money and buy investment trusts in some stores of Risona Bank. In the future, we will consider extending it to local banks and other enterprises that are difficult to independently develop technology.

JCB will use the credit card store network to expand its services. The system under consideration is that customers who register their faces in advance can immediately confirm their identity and complete the payment when they come to the store.

The premise of registering facial photos is the customer's consent, but from the perspective of protecting privacy, there is also deep-rooted resistance to providing facial photo data. How to ensure safety or become the key to popularize related services.

Regarding this service, the facial photo data will be stored on a server that cannot be accessed from outside and managed by Risona. The person in charge of Panasonic said: "The development of artificial intelligence (AI) has greatly improved the accuracy of face recognition, and illegal access is very difficult."

03

CoinJar, an Australian exchange, launched an encrypted MasterCard.

On August 3rd, according to foreign media reports, CoinJar, an Australian encryption exchange, launched an encrypted MasterCard CoinJar card, allowing users to purchase, sell and consume digital assets directly from its platform using Australian dollars.

CoinJar card has physical card, virtual card and integration with Apple Pay and Google Pay, and supports 30 cryptocurrencies. CoinJar card has no monthly fee, and only charges a transaction fee of 1%. For every transaction fee of 1 Australian dollar, you can get 100 CoinJar reward points, which can be used to pay for future transactions or redeem rewards at coin jar reward store.

Dominic Cioschi, chief marketing officer of CoinJar, said that this is the first encryption card in Australia, and all transactions are denominated in Australian dollars (AUD) and conducted through Australian banks and payment providers. Users can only get CoinJar cards from the company's internal applications.

MasterCard recently announced a series of cooperation with encryption companies to help simplify the process of converting cryptocurrency into legal tender. Including Circle, Paxos, Evolve Bank &；; Trust, BitPay and so on.

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Indonesia's central bank is still studying the development of digital guilders.

Cryptographic currency is becoming more and more popular in Indonesia and internationally. The Indonesian Bank (Central Bank /BI) is also formulating the Central Bank digital currency (CBDC) or the so-called digital shield currency.

Fitria Irmi Triswati, director of the central bank's payment system policy department, said that the central bank has conducted many studies related to the development of the central bank's digital currency or so-called digital shield currency.

Last Thursday (29/7), she said at the webinar: "We have also done a research, whether it is good or bad, of course, it is still at that stage."

Fitria said that there are many considerations for the development of digital currency, such as structure, technology and mechanism.

She explained: "Of course, we must consider the impact of its mechanism on policy transmission and then on the stability of the financial system."

Earlier, Perry Warjiyo, governor of the central bank, said that the central bank is currently working with seven other world central banks to study and prepare three important aspects of the central bank's development in digital currency.

The first aspect is related to the digital currency issuance plan.

The second is the preparation of digital shield currency infrastructure combined with the national money market. She said: "the integration of payment system infrastructure and money market is one of the prerequisites for issuing digital shield coins."

Third, about the choice of digital shield currency blockchain technology platform. Bailey said that these three aspects of research are still being carried out with seven other central banks or at the initiative of the Bank for International Settlements.