Launch App DhabiCoin? When do you leave?
Anyone who has been following the announcements of the DhabiCoin Team knows that we are in the process of developing the application.
What’s taking so long?
When developers register an application in the Android and IOS Stores, they go through an admission form, at that time the apps undergo an analysis to define their category and undergo audit of Compliance and LGPD, and not only that, yet audited in the code to give all necessary security to users, given the complexity of the cryptoasset market.
Store Fees/Commission VS Crypto active issues.
Apps that have transactions that go through some payment method, especially owners of Android and IOS stores, suffer a fee ranging from 30% to 15% depending on their category.
Blockchain has been developing several possibilities mainly through payment, but this does not mean that it is free of problems in traditional markets, banks come to believe in the potential of technology but go through updating their infrastructure.
As Mike Gault, founder and CEO of blockchain technology platform Guardtime, says at TechCrunch that the most obvious problem with blockchain and payments is that:
“most banks have massive infrastructure debts in financial processing systems. These systems can be 15, 20 years old.”Gault keeps saying;
“But they enhance transactions between the world’s leading companies and governments; interrupt them, even for a short period of time, can be disastrous. Trying to reform them completely is a difficult task and brings a huge risk. I doubt that many people within the banks want to take responsibility for this, especially when it is totally outside the existing business model.”
Google and Apple are criticized by Epic Games
Epic vs Apple action judge Yvonne Gonzalez Rogers says Apple must comply with an order to allow developers to add links and buttons to external payment options, denying the company’s request for suspension.
“Apple’s motion is based on a selective reading of this Court’s findings and ignores all findings that supported the injunction,”its new order says.
Judge Gonzalez Rogers issued her order after a hearing on Tuesday on the high-profile antitrust case, which the publisher of Fortnite Epic Games filed in 2020 and which went to trial this year. During the hearing, Apple said it needed more time to rewrite its anti-targeting policies – rules that prevent app developers from linking to payment methods beyond the iOS App Store.
“This will be the first time Apple has allowed live links in an app for digital content. It will take months to figure out the problems of engineering, economics, business and others,”said Apple attorney Mark Perry.
“It’s extremely complicated. There have to be barriers and guidelines to protect children, to protect developers, to protect consumers, to protect Apple. And they need to be written in guidelines that can be explained, applied, and applied.”
How are other applications operating?
The short answer to that question would be… they simply gave in to the “pressure” of the Stores and accepted their abusive policy.
On the other hand, when we talk about DhabiCoin, we are talking about an ecosystem that is being built to assist in the intermediation of international business.
The construction of a platform with its own means of payment, the possibility of generating utilities for products and services from the United Arab Emirates to the world. The scalability of this technology cannot be affected in the pockets of our users.
Speaking of the growing number of blockchain users, this will present another obstacle in the payments industry; energy consumption. As Christopher Malmo explains in Motherboard,
“Let’s take this Bitcoin mine in China as an example of the scale of today’s operations. It is reportedly running at 6 PH (quadrillion) per second, according to a CEO of a Chinese Bitcoin company posting on a Bitcoin forum, aiming to scale up to 12 PH per second. This would give about 3.3% of the total power in the Bitcoin network. As the Bitcoin network is set to distribute about 3,600 BTC per day to miners, this mine would collect about 118.8 BTC per day, or more than $30,000 USD at the time of writing. That’s not bad when your electricity costs are among the lowest in the world, at 3 to 6 cents per kw/h, about a third of U.S. prices.”
In our first Article on the new Dhabicoin Cycle already warned about the Risk of Excessive Blockchain Consumption.
What can we expect from DhabiCoin this year?
The DhabiCoin team with Starten, has been working to bring utilities and comply with The DhabiCoin Roadmap, keep an eye on the announcement schedule in the coming weeks.
- Updated Status of current and new Listings. You can follow the latest article on this subject here to understand the current listing process and how the DhabiCoin team approves new Exchanges on its roadmap.
- What’s new in relation to dhabicoin’s NFTs Collection of Utilities and its listings on exchanges. You can learn a little more about the DhabiCoin Platform and how the NFTs worked
- Tezos Protocol Development Status in DhabiCoin – You can follow through the session on the main site https://dhabicoin.ae/
- Stake campaigns and bonuses for trusted users.
- Announcement of the Launch of the DhabiCoin Application and the operation of the Bug Bounty Program. You can learn more on our Telegram Channel https://t.me/bugbountydbc
- DhabiCoin Platform Announcement
Thank you, Time DhabiCoin!