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Author Topic: Bringing Crypto to Shipping  (Read 53 times)
jemarleon
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February 21, 2018, 04:29:43 AM
 #1

In the latest effort to continue this expansion, the Prime Shipping Foundation has announced its intention to launch its cryptocurrency for use in the shipping industry.

A partnership between financial planning company Quorum Capital Ltd and ship broker Interchart LLC, Prime Shipping Foundation has already made considerable inroads in bringing cryptocurrency into the shipping and food trading industry late last year.

In December 2017, Prime Shipping became the first to settle a freight deal in bitcoin, accepting payment in the leading cryptocurrency for the 3,000 tons of wheat that it shipped from Russia to Turkey.

I just read this new, and start thinking what is the effect of this to BTC and other crypto's. 

Heres the whole link:
https://btcmanager.com/prime-shipping-foundation-aims-bring-cryptocurrency-shipping-business/

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charlotte04
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February 21, 2018, 04:53:38 AM
 #2

In the latest effort to continue this expansion, the Prime Shipping Foundation has announced its intention to launch its cryptocurrency for use in the shipping industry.

A partnership between financial planning company Quorum Capital Ltd and ship broker Interchart LLC, Prime Shipping Foundation has already made considerable inroads in bringing cryptocurrency into the shipping and food trading industry late last year.

In December 2017, Prime Shipping became the first to settle a freight deal in bitcoin, accepting payment in the leading cryptocurrency for the 3,000 tons of wheat that it shipped from Russia to Turkey.

I just read this new, and start thinking what is the effect of this to BTC and other crypto's. 

Heres the whole link:
https://btcmanager.com/prime-shipping-foundation-aims-bring-cryptocurrency-shipping-business/


That would be a great deal for us crypto community, it would likely to boost and make crypto popular even more.

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carlisle1
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February 21, 2018, 05:19:09 AM
 #3

In the latest effort to continue this expansion, the Prime Shipping Foundation has announced its intention to launch its cryptocurrency for use in the shipping industry.

A partnership between financial planning company Quorum Capital Ltd and ship broker Interchart LLC, Prime Shipping Foundation has already made considerable inroads in bringing cryptocurrency into the shipping and food trading industry late last year.

In December 2017, Prime Shipping became the first to settle a freight deal in bitcoin, accepting payment in the leading cryptocurrency for the 3,000 tons of wheat that it shipped from Russia to Turkey.

I just read this new, and start thinking what is the effect of this to BTC and other crypto's. 

Heres the whole link:
https://btcmanager.com/prime-shipping-foundation-aims-bring-cryptocurrency-shipping-business/


That would be a great deal for us crypto community, it would likely to boost and make crypto popular even more.
Not just even more but much more than today,this action only proves that crypto is entering all the areas of commnunity based services to internationally..in time maybe even luxury cruises and passenger vessels will accept crypto as mode of payments .how greatful our cryptoworld is bringing all imaginary to reality

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February 21, 2018, 05:40:23 AM
 #4

I believe there are few other coins that are aiming similar ideas. There is a trucking one I read about a while back. It was mainly for trucking driving delivery though. Can't recall the name but it had an ICO recently.
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February 21, 2018, 05:45:39 AM
 #5

The news is certainly good from the point of view of the development of the cryptocurrency. But how did they conduct this transaction through tax reporting?
BillCoin
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February 21, 2018, 05:50:24 AM
 #6

That's a great thing but I still didn't understand what they are going to ship, because openbazaar ttading volume is pretty low.
So the cryptocurrency is going to be used for regular shipments?
I doubt how much demand is it going to make as the current system of paying for LLC shipments with fiat works okay, I just can't see a reason for that change beside the fact that now LLC can say that they are into the blockchain industry, a thing that may rise their stock price.

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audaciousbeing
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February 21, 2018, 05:56:32 AM
 #7

In the latest effort to continue this expansion, the Prime Shipping Foundation has announced its intention to launch its cryptocurrency for use in the shipping industry.

A partnership between financial planning company Quorum Capital Ltd and ship broker Interchart LLC, Prime Shipping Foundation has already made considerable inroads in bringing cryptocurrency into the shipping and food trading industry late last year.

In December 2017, Prime Shipping became the first to settle a freight deal in bitcoin, accepting payment in the leading cryptocurrency for the 3,000 tons of wheat that it shipped from Russia to Turkey.

I just read this new, and start thinking what is the effect of this to BTC and other crypto's. 

Heres the whole link:
https://btcmanager.com/prime-shipping-foundation-aims-bring-cryptocurrency-shipping-business/


While this is good news that would mean crypto currency breaking new barriers and moving new directions, I am not still convinced launching new crypto currency in that regard is what is needed. The claim that the crypto currency needs to be used in the shipping industry is far from being realised because a company cannot decide what currency to be used in the industry that is the function of government and the shipping industry with lots of regulation and a huge source of revenue for the government.

I would be more comfortable if the objective is about creating a software based on the blockchain on how its going to be used to achieve efficiency in the shipping industry. Its when that is achieved that crypto currency on that network can then be propagated.
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February 21, 2018, 10:32:59 AM
 #8

Just like how we are getting good news from everywhere it's more like one more cherry is being added on the cake.
We know how Korea said it won't ban Bitcoins and so did India , and these two are the main industry for Bitcoins and other cryptocurrencies.
Commutatively everything will increase the price of Bitcoins and it would be extremely helpful since we are seeing how it's usage is being in par with normal fiat.
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