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PayPal Holdings, Inc goes down the road to patenting Expedited Virtual Currency Transaction System

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PayPal Holdings, Inc. an online payments system that supports online money transfers and serves as an electronic alternative submitted an application on March 1, 2018, for the patent of Expedited Virtual Currency Transaction System. If everything goes like clockwork, the new system will give a nod of yes to buying and selling of cryptocurrencies anonymously and in a secured manner. The patent will permit trading of the crypto instantaneously.

The new proposed payment system of PayPal allows the transactions involving the crypto more efficient and will happen off the blockchain. Concisely the transactions take place directly between the secondary wallets that have own private keys of seller and buyer instantly.

According to the submitted application for patenting the proposed Expedited Virtual Currency Transaction System, the waiting time for the payee is greatly reduced and will instantly receive the payment in virtual currency.

However, the company did not disclose when the new system will be launched into the cryptocurrency markets. And it is also not understood about the compatibility of the proposed virtual currency system with which cryptocurrency.

The latest initiative is, one of the solutions PayPal is working on to propel the speed of transactions on various types of cryptocurrency networks such as the Lightning Network. WhatLightning network mainly intends is to solve the scalability issue of Bitcoin Blockchain. It is to be noted that scalability issues have a negative impact on the price of Bitcoin in past year.

PayPal Puts a Higher Bet on Bitcoin

PayPal first entered the blockchain space in the year 2014 through establishing alliances with Coinbase, GoCoin and Bitpay, the noted crypto payment processors.

Mr. Peter Thiel, a founder of PayPal, is believed to have pumped in large chunks of funds into Bitcoin through Founders Fund.

Mr. Thiel has said that people across the world are underestimating the cryptocurrency – Bitcoin while talking to Fox Business Network in October 2017. According to him, Bitcoin is just like the reserve form of the money. It is similar to gold.

The instant virtual payment system is likely to revolutionize the trading of cryptocurrency across the world in countries like China through anonymous transactions.

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Fast Track welcomes PolarLotto: taking online lotto in Sweden to new heights

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Malta, 28th March 2024 – PolarLotto, a leading provider of lotto betting services in Sweden, has just announced a strategic partnership with Fast Track, a leading provider of CRM solutions designed specifically for the iGaming industry. This collaboration aims to propel PolarLotto’s expansion from offline to online offerings, bringing the excitement of the world’s biggest lotteries to Swedish players in a safe and responsible manner.

PolarLotto prides itself on its commitment to transparent and ethical gaming practices, with a focus on player safety and responsible gaming. By teaming up with Fast Track, PolarLotto aims to leverage cutting-edge technology to expand its business model from traditional to online, ensuring a seamless and engaging experience for its customers.

Commenting on the partnership, Benjamin Burstein, CEO of PolarLotto, expressed enthusiasm about the possibilities ahead, stating, “We are excited to embark on this journey of transforming our business with the latest technology and automation tools provided by Fast Track. As we transition to the online space, we are confident that Fast Track’s expertise in custom segmentation, real-time data capabilities, and personalised experiences will enable us to better serve our players and achieve our business objectives.”

Fast Track also expressed confidence in the partnership, highlighting the potential for exceptional results through its Singularity model, which uses AI and machine learning to deliver tailored content to players, at the right time and through the most effective channel. “We are thrilled to partner with PolarLotto and support their online expansion,” said Simon Lidzén, CEO and co-founder of Fast Track. Our tools are designed to empower lean teams to achieve remarkable results, and we look forward to helping PolarLotto maximise their online presence and engagement.”

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Red Bull Gaming premieres ‘Memories of CS:GO’ documentary highlighting the game’s early years

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As the CS2 PGL Major in Copenhagen is set to kick off, Red Bull Media House will unveil a captivating feature-length documentary, “Memories of CS:GO – The Early Years,” an ode to one of the most influential games ever made.

This film takes viewers on an immersive journey through the origins and evolution of Counter-Strike: Global Offensive (CS:GO), featuring personal accounts and defining moments from several of the most legendary figures of the game.

The 90-minute documentary, narrated by Counter-Strike commentator Henry “HenryG” Greer, chronicles the remarkable trajectory of CS:GO, from its grassroots beginnings to becoming a global esports phenomenon.

Produced by Red Bull Media House, the film captures the essence of the game through the eyes of its most well known players, including Olof “olofmeister” Kajbjer Gustafsson, Patrik “f0rest” Lindberg, Richard “shox” Papillon, Gabriel “FalleN” Toledo, and Jarosław “pashaBiceps” Jarząbkowski, among others.

The documentary’s release is timed to precede the playoff stage of the PGL Major Copenhagen, scheduled for March 26, 2024. It will premiere on Red Bull Gaming’s YouTube channel at 21:00 CEST, offering viewers worldwide an insider’s perspective on the beloved game.

Event Details:

  • What: Premiere of “Memories of CS:GO – The Early Years”
  • When: March 26th, 2024, at 21:00 CEST
  • Where to watch: Red Bull Gaming’s Youtube Channel
  • The “CS:GO Memories” documentary can be viewed shareit.redbull.com

 

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Ten Square Games ready for a new development opportunities in 2024

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2023 ESPI package

The following documents in pdf format are equivalents of the official Consolidated Financial Statement which were reported in ESPI (download in the zip file above)

2023 Consolidated Financial Statement

2023  Management Board Report on Activities

Independent Auditor’s Report on the Audit of Annual Consolidated Financial Statements

Link to the stream

Link to the chat with individual investors

Presentation

Factsheet

Financial data

Transcription of the conference and Q&A session

For complete press release visit tensquaregames.com

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