THE BOSTON BLOCKCHAIN BEAT EP.6 | BELARUS BANS P2P CRYPTO TRANSACTIONS?!

[Music] hello everyone my name is Lauren Wixom and welcome to another episode of the Boston blockchain beat where we share news of all things blockchain to the Boston community and Beyond this episode was brought to you by cubic Labs an incubator from Metro Boston's blockchain startup companies well it looks like Belarus is building up to a partial crypto ban the country's Ministry of internal affairs said on Sunday that broadsters were using P2P crypto services to cash out dirty funds the statement added the body was working on legislation to prohibit transactions for the exchange of cryptocurrency between individuals and that the ministry would work to restrict crypto P2P services so that only crypto transactions via registered exchanges would be allowed making it impossible to withdraw money obtained by criminal means for those of you who don't know a P2P peer-to-peer service means that the two parties interact directly with each other without the need for third-party involvement multinational software company sap is now testing cross-border usdc payments on ethereum's go early testnet the test will be open to any interested businesses globally and has been in the works since the last quarter interested participants will receive usdc on the test Network that can be used to pay for sample invoices the objective of the test drive is to gauge Market interest and to collect feedback on the solution the chief product expert and Project Lead of sap digital currency Hub Bernard Schweizer said We Believe digital money is a good means to overcome the existing pain points High fees long transaction times and lack of transparency moving forward sap plans to integrate blockchain-based payment processes into its mid-market enterprise resource planning Solutions this will make it a seamless experience to issue an invoice that allows the customer to pay in a digital currency and likewise execute a payment with a digital currency as part of a normal Erp payment run sap is also looking into other crypto Solutions noting that cross-border payments are just the beginning well that's all the news I have for today again my name is Lauren Wixom and I can't wait to see everyone in the next episode of the Boston blockchain beat [Music]