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Universal Air Travel Plan, Inc. (UATP) is the airline owned payment network accepted by thousands of merchants for air, rail, hotel and travel agency payments. UATP is owned by 30 airline shareholders, issued by 18 major airlines and accepted by over 250 merchants around the world. Established in 1936 as Air Travel Card, in particular AirPlus, UATP was the first charge card issued.

UATP also connects airlines to alternative forms of payment brands such as Acculynk, bitcoin, Cash-Ticket, PayPal, Ceridian Stored Value Solutions and Ukash.

UATP continues to expand its merchant network to include hotels and car rental vendors.

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blockchain definition

Emercoin (Symbol: EMC) is a cryptocurrency that is in some ways similar to Namecoin and Peercoin. It was launched in December 2013 and announced three days before launch in order to notify miners in advance.

Emercoin employs both proof-of-work (POW) mining and proof-of-stake (POS) minting and uses SHA-256 hashes.

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blockchain technology jobs

Digital Asset (or Digital Asset Holdings, LLC), a software company, develops and builds distributed ledger technology solutions for the financial services industry. Its software maps business logic and legal processes to cryptographic signature flows, as well as commits transactions to private or public distributed ledgers or traditional databases depending on the requirements of the use case. The company offers its software for various market segments, such as loans, securities, derivatives, and foreign exchange. It serves various customers, including banks, dealers, exchanges, central securities depositories, custodians, central clearing counterparties, and other critical infrastructure providers worldwide. Digital Asset has strategic partnerships with Accenture, Broadridge, and PwC. The company was founded in 2014 and is based in New York, New York with additional offices in San Francisco, Tel Aviv, Budapest, and London.

In March 2015 the company appointed Blythe Masters as CEO.

In September 2015 the company software was used in the US$5 million initial public offering of Pivit, a gaming company.

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Bitcoin IRA Inc is an American company that combines various cryptocurrencies with Individual retirement accounts. Contrary to some reports, no investment – including Bitcoin – is approved by the IRS as an IRA investment. The ability to buy Bitcoin in an IRA is supported, but not plainly endorsed, through a 2014 IRS ruling that clarified the tax treatment for Bitcoins as non-currency personal property which is similar to stocks, and presumably compatible with IRA’s.

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Elon Reeve Musk (, born June 28, 1971) is a South African-born Canadian American business magnate, investor, engineer, and inventor.

Musk is the founder, CEO, and CTO of SpaceX, a co-founder, a Series A investor, CEO, and product architect of Tesla Inc., co-chairman of OpenAI, founder and CEO of Neuralink. He was previously co-founder and chairman of SolarCity, co-founder of Zip2, and founder of X.com, which merged with Confinity and took the name PayPal. As of March 2017, he has an estimated net worth of $13.9 billion, making him the 80th-wealthiest person in the world. In December 2016, Musk was ranked 21st on the Forbes list of The World’s Most Powerful People.

Musk has stated that the goals of SolarCity, Tesla, and SpaceX revolve around his vision to change the world and humanity. His goals include reducing global warming through sustainable energy production and consumption, and reducing the “risk of human extinction” by “making life multiplanetary” by establishing a human colony on Mars.

In addition to his primary business pursuits, he has also envisioned a high-speed transportation system known as the Hyperloop, and has proposed a VTOL supersonic jet aircraft with electric fan propulsion, known as the Musk electric jet.

Musk also proposed the concept of The Boring Company in 2017.

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smart contracts blockchain definition

Consensus Systems, better known as ConsenSys, is a blockchain software technology company founded by Joseph Lubin.

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blockchain technology explained

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called “ether”, which can be transferred between accounts and used to compensate participant nodes for computations performed. “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale during July–August 2014. The system went live on 30 July 2015.

In 2016 Ethereum was forked into two blockchains, as a result of the collapse of The DAO project, thereby creating Ethereum Classic.. The new forked version is Ethereum (ETH), subject of this article and the one that continued its existence is Ethereum Classic (ETC).

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A BitLicense is the common term used for a business license of virtual currency activities, issued by the New York State Department of Financial Services (NYSDFS) under regulations designed for companies. The regulations are limited to activities involving New York or a New York resident. Those that reside, are located, have a place of business, or are conducting business in the State of New York count as New York Residents under these regulations.

The regulations define virtual currency business activity as any one of the following types of activities:

receiving virtual currency for Transmission or Transmitting virtual Currency, except where the transaction is undertaken for non-financial purposes and does not involve the transfer of more than a nominal amount of virtual currency,

storing, holding, or maintaining custody or control of virtual currency on behalf of others,

buying and selling virtual currency as a customer business,

performing Exchange Services as a customer business, or,

controlling, administering, or issuing a virtual currency.

But, the 2 following activities are excluded from the definition of virtual currency business activity:

development and dissemination of software in and of itself,

merchants and consumers that utilize virtual currency solely for the purchase or sale of goods or services or for investment purposes.

It came into effect on August 8, 2015. At least ten bitcoin companies announced they were stopping all business in New York State because of the new regulations. The New York Business Journal called this the “Great Bitcoin Exodus”.

In September 2015, Boston-based Circle was granted the first BitLicense, although in December 2016 the company had pivoted away from its bitcoin exchange to focus more on payments.

In October 2015, an article 78 was filed in the Supreme Court of the State of New York challenging the authority of the New York State Department of Financial Services to define virtual currency.

In July 2016, San Francisco-based Ripple was awarded the second BitLicense.

In January 2017, San Francisco-based Coinbase, one of the most heavily funded startups in the Bitcoin industry, was awarded the third BitLicense. Although as of January 2017 only three BitLicenses were awarded, multiple applicants also tried to receive it, but were all denied.

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Bitcoin News #53 – State of the NO2X, Goldman Sachs Talks Bitcoin, Bitcoin meets Netflix?

Bitcoin news for the week of Oct 2nd with @theonevortex @AnselLindner @lightcoin @BitcoinErrorLog and special guest @morcosa! Topics: -State of the …,

Related video: How to Open an Ethereum Wallet – Buy, Invest, and Trade Ethereum


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