Some efforts have already been made in China to emancipate itself from the SWIFT payment network. However, a source has now emerged that announces a joint venture between the Chinese central bank and the payment network. The motives are still in the dark.
The London-based fintech company Zeux wants to make future payments with the cryptocurrency NEO. The goal is to give customers the opportunity to pay with cryptocurrencies in the business.
As the start-up Zeux recently announced on Medium, users of the Zeux App will in future have the opportunity to pay for goods via Apple or Samsung Pay. The company integrates all services on one platform. The Zeux app provides each user with a digital bank account and digital wallet addresses. This is to enable customers to make payments in all transactions and to purchase a range of investment products from various financial institutions. It also claims that the Company does not charge any fees for opening an account, transferring funds, charges, withdrawals or payment fees. The London FinTech is authorized by the British Financial Market Authority.
Lightning payments should be made easier by adapting the WebLN standard. Developer O’Beirne was inspired to program Ethereum technology applications. With Lightning Joule and Bluewallet first wallets use the web standard to enable micropayments via the browser.
The transfer of small amounts on the Lightning Node becomes easier: The Web standard WebLN enables fast and uncomplicated micropayments in Bitcoin via the Web browser.
WebNL inspired by Ethereum
Developed the WebLN standard William O’Beirne. He has already contributed to MyCrypto and MyEtherWallet. Both are ethereum services and serve as ether storages. Despite the seeming rivalry between the two cryptocurrencies, O’Beirne gained important insights into WebEr’s Web standard Web3, making it easy to use and compact.
“The Web is the most obvious place for micropayments,” O’Beirne argued when presenting the Chrome add-on Lightning Joule.
A Bitcoin Story
Vulnerability in the Lightning Network, upgrade highly recommended
The developers of the Lightning Network recommend an immediate upgrade to version 0.11 or higher. All node operators of the Lightning Network who are using an LND version from before October 1st are asked to immediately upgrade to version 0.11. The reason for this is that a security hole was found in LND version 0.10, which also affects all versions before that.
The corresponding security hole was communicated on October 9th by Lightning developer Conner Fromknecht. In this regard, he explains:
“Although we have no reason to believe that this vulnerability is already being exploited, we urge the community to immediately update to LND version 0.11 or higher.”
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Everything you need to know about the Lightning Network ⚡.
Satoshi himself proposed the first version of payment channels . The Lightning Network paper has zero authors from Blockstream . At least two other entirely independent companies are working on Lightning Network implementations . It’s well understood how trustless LN transactions work . The spec  and code are open source, feel free to look for a “backdoor”.
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