Cryptocurrency Adoption Edging In Through Infireum

Cryptocurrency and blockchain technology promised betterment and advancement in financial technology but adoption has been slowed. Cryptocurrency project, Infireum made a breakthrough that could see on-boarding of 500,000 shoppers soon.

March 21, 2019 /MarketersMedia/ —

Most of us have heard of the many promises of bitcoin and different cryptocurrencies, and how they are great advancements for financial technology but their real-world usage is still a rare sight.

The steep learning curve puts off many from even trying, especially so since this risks their monetary assets.

Cryptocurrency project, Infireum targets this problem by literally taking the bull by its horns and is edging in on meaningful adoption.

Started by a team of developers with vast and real business experiences, Infireum began work on the project without the usual crowdfunding or commonly known in the industry as “Initial Coin Offering” but was instead internally funded.

They released a working wallet prototype in Q3 2018 and it was tested on multiple occasions, each with hundreds of participants.

These tests provided the team with feedback that allowed them to greatly improve the usability and intuitiveness of their wallet that focused on ease of use while not sacrificing the security and speed of the transactions.

Armed with this version 2 wallet, the Infireum team swiftly began negotiating with different organizations and groups that required secure and fast value transfers.

An important breakthrough was made after a mutually beneficial partnership was struck between Infireum and up-and-coming Asian-based e-commerce platform, V-More.

While most cryptocurrency projects struggled with even a small number of real users, Infireum through this partnership is preparing to welcome as many as 500,000 V-More shoppers.

This is a strong start for Infireum and blockchain technology and definitely a big leap for the future of money.

For more details about Infireum, visit

Contact Info:
Name: The Digital Agency
Organization: The Digital Agency

Source URL:

Source: MarketersMedia

Release ID: 493932

More News From Technology - Asia Logue

China imports from US plunge 31% in June amid tariff war

Jul 18, 2019

BEIJING — China's imports from the United States plunged in June amid a tariff war with Washington while exports to the U.S. market weakened. Imports of U.S. goods fell 31.4% from a year earlier to $9.4 billion, while exports to the American market declined 7.8% to $39.3 billion, customs data showed Friday. China's trade surplus with the United States widened by 3% to $29.9 billion. U.S.-Chinese trade has weakened since President Donald Trump started hiked tariffs last year on goods from China in a fight over Beijing's technology ambitions. China retaliated with penalty duties and ordered importers to find non-U.S....

Hong Kong students issue government deadline over demands

Jul 18, 2019

HONG KONG — A Hong Kong student group demanded Wednesday that the city completely scrap a politically charged extradition bill and agree to investigate police tactics against protesters before a Thursday deadline or face further street demonstrations. Meanwhile, the Civil Human Rights Front, which organized massive marches on the past two Sundays, called for another protest on July 1, the anniversary of Hong Kong's handover from British to Chinese rule in 1997. Since last Sunday's march on the government headquarters by an estimated 2 million people, the number of protesters in the area has dropped to just a few dozen....

The Latest: Hong Kong protest activists reject apology

Jul 18, 2019

HONG KONG — The Latest on protests in Hong Kong against an extradition bill (all times local): 11:15 p.m. Pro-democracy activists helping to drive mass protests in Hong Kong over a proposed extradition law have rejected an apology issued by the city's leader. Leaders of the Civil Human Rights Front said Sunday that they estimated almost 2 million people had marched to demand Chief Executive Carrie Lam scrap the legislation and resign. Police have not issued an estimate of the crowd size. Many remained gathered outside the city government's headquarters after the march, apparently planning to spend the night there....

China telecom giant Huawei hints US pressure hurting sales

Jul 18, 2019

SHANGHAI — Huawei's chief strategist said Tuesday the company would have become the world's number one smartphone maker by the year's end if not for "unexpected" circumstances — a hint that pressure from the U.S. may be hurting its sales. The comment by Shao Yang at the Consumer Electronics Show in Shanghai comes as Washington intensifies pressure on other countries to exclude Huawei Technologies from next-generation, or 5G, telecom networks where it actually is considered an industry leader. "If we had not encountered anything unexpected, we would have become number one in the world by the fourth quarter," Huawei's chief...

China says list of 'unreliable' foreign firms coming soon

Jul 18, 2019

BEIJING — China's Commerce Ministry will release a list of "unreliable" foreign companies in the near future, a spokesman said Thursday, without giving a specific date. The decision to create the list, announced last week, is widely seen as a response to a U.S. decision to put Huawei Technologies on a blacklist for alleged theft of intellectual property and evasion of Iran sanctions. Chinese Commerce Ministry spokesman Gao Feng told reporters at a weekly briefing that the process of drawing up the list was underway. He said no particular company or industry is being targeted. "Companies that abide by Chinese...

Sign up now!