Tech
Line Application to implement payments in its own cryptocurrency
It remains to be verified that it will use the blockchain, however it would be a lucrative move for the Japanese firm.
As the Japan-based Line messenger app saw a significant drop in sales, it has decided to consider a move into the blockchain and cryptocurrency world according to a Bloomberg report.
The implementation of blockchain and cryptocurrency tokens on to the Line framework will be easy which will be sure to attract more clientele.
Bloomberg reported that Line is in discussions with a number of potential partners, including bitcoin exchange Upbit, over possible tie-ins around Line Pay and other products. The goal, the report claimed, is to make its products stickier with users.
It is a perfect fit for this brand as it has an online platform already in place offering mobile payment services – Line Pay. Its staple features is a virtual currency that is used in its social games and to buy content on its platform.
Over the past few years, Line has seen a decline and ran into some issues as it lost a lot of core customers from Japan, Thailand, Taiwan and Indonesia.
It remains to be verified that it will use the blockchain, however it would be a lucrative move for the Japanese firm.
Health
Two Apps to monitor quarantined individuals in Thailand
Two mobile applications, namely “AOT Airports” and “SydeKick for ThaiFightCOVID”, can now be used to track quarantined passengers and people who are under home quarantine.
The impact of COVID-19 on the tourism sector in Thailand is apparent. The number of passengers using Suvarnabhumi Airport has declined sharply, as many countries have closed their borders and airlines have suspended flights.
(more…)Companies
Cyber incidents top most important business risks for Asia-Pacific companies
For the first time ever, Cyber incidents (35% of responses) rank as the most important business risk in Asia-Pacific in the ninth Allianz Risk Barometer 2020
For the first time ever, Cyber incidents (35% of responses) rank as the most important business risk in Asia-Pacific in the ninth Allianz Risk Barometer 2020, relegating perennial top peril Business interruption (BI) (34% of responses) to second place.
(more…)Ecommerce
Alibaba confirms $13bn listing in Hong Kong
Alibaba will offer 500 million shares at a maximum of HK$188 apiece, the company said. The number eight is considered auspicious in China.
Chinese technology giant Alibaba on Friday confirmed plans to list in Hong Kong in what it called a $13 billion vote of confidence in the turbulent city’s markets and a step forward in its plans to go global.
(more…)
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