News
The E Yuan Is Here! We Discuss its importance with YuanPay Team
China is one of the countries that work hard to develop their Central Bank Digital Currency (CBDC). The DC/EP, as this new currency is called, has already passed preliminary tests with flying colors. It is steadily rolling out as we speak, in its endeavor to penetrate all major e-commerce platforms within this Asian country. Here’s a brief overview of this new digital currency.
What Is DC/EP?
The Digital Currency Electronic Payment (DC/EP) is nothing but China’s national currency, the yuan, in digital form. China’s central bank uses its yuan deposits to back up the DC/EP. The development of this new digital currency has been unfolding for over five years now. The current agreement with the banks is to convert a part of their yuan stash into this digital variant and distribute this money to businesses and individuals via mobile technology.
What Sets DC/EP Apart From The Other Cryptocurrencies On The Global Market?
The legal status is what sets apart the DC/EP from all other existing digital currencies. The DC/EP is legal and it can be used to pay for goods and services anywhere in China. All other cryptocurrencies have a not so clean status in this country.
In addition, there are two major differences between DC/EP and the other cryprocurrencies. The first is that all other cryptocurrencies are decentralized while DC/EP is controlled by the national bank of China. Decentralization means that the supply and the dynamics of a currency aren’t under the control of a single entity.
Anonimity is the second major difference between DC/EP and all standard cryptocurrencies out there. A standard cryptocurrency is anonymous, hence not allowing transactions to be traced back to the entities that initiated them. As opposed to this principle, the Chinese government tightly controls all levers and movements of the digital yuan. Find out more about investing in cryptocurrency.
How Does China’s Government Benefit From The Digital Yuan?
First of all, the digital yuan will allow China’s government to track the movement of money through its economy with better accuracy and in a more timely manner. This would enable them to make better decisions in regard to the planning of their future. Cash is still the main payment form in China, but other options such as the leapfrog card have gained a lot of momentum lately. These new payment forms use digital money transfers via a wide range of devices such as smartphones, token systems and QR codes.
The pioneers and the leaders of these transition are Alibaba’s AliPay and WeChat of Tencent Holdings Limited. These companies will surely reap the benefits of embracing the digital yuan. Also, the government will have an easier time at tracking the monetary flow, as digital tokens are easier to control than cash.
Second of all, China will use its digital yuan to open the mainstream economy to unbanked individuals. China has the largest number of individuals without a bank account or card. A digital currency will enable all these people to take part in the mainstream economy without the need for expensive infrastructure or banking products.
The third benefit of the e yuan is its tremendous potential to propel the Chinese currency to international reserve status. Economists and global bankers have been discussing the potential replacement of the U.S. dollar for international trading transactions since a long while ago.
China’s currency has great chances to take the spot of the U.S. dollar in these international transactions. This is something that comes naturally. Digitization should lead to an increase of yuan’s popularity among international traders.
Also Check – How to become a Successful Entrepreneur in Young Age
Entertainment
Snoop Dogg Wants To Pay Someone $10,000 A Month To Eat Ice Cream
Snoop Dogg has had a lot of job titles over the years, but “official ice cream taster” wasn’t one of them until now — and he’s hiring someone else to fill it. His company Dr. Bombay just opened applications for the role, and it pays $10,000 a month.
The gig is fully remote and open to anyone on the planet, which Snoop announced himself in a video that’s exactly as laid-back as you’d expect. “I love the paper, but not the paperwork,” he said, explaining that HR firm Deel is handling the logistics while he handles, presumably, the ice cream.
The actual job is less “sit around and eat pints all day” and more part-time cultural scout. Whoever gets it will track flavor and food trends around the world, report back on what people are eating and talking about, and work directly with Dr. Bombay’s in-house flavor lead to help shape what the brand does next. It’s a three-month contractor role, and Snoop’s team says they’re actively looking outside the usual resume pile — creators and non-traditional applicants welcome.
Dr. Bombay itself leans nostalgic, with flavors like Long Beach Fruit Cart, Sticky Caramel Apple Pie, and Peanut Butter Jelly Time already sitting on shelves at Walmart and moving through DoorDash and Instacart. Somewhere out there is one very lucky applicant about to get paid five figures a month to have opinions about ice cream, and honestly, good for them.
News
Content Creator Appeals to Nigerian Police Over Alleged Harassment and Blackmail by Former Partner, Wisdom Ehidiamen Abgonghale
A Nigerian content creator has appealed to the relevant Nigerian authorities for intervention following allegations of persistent harassment, unwanted communication and blackmail by her former partner, Wisdom Ehidiamen Abgonghale, whom she says is from Benin City.
According to the complainant, she and Wisdom Ehidiamen Abgonghale were in a relationship for approximately four years before she decided to end the relationship following what she described as painful and distressing experiences during the relationship.
She alleges that since ending the relationship, Abgonghale has continued attempting to contact her despite her efforts to cut off communication. According to her account, even after blocking him, he allegedly continued reaching out through her family members and friends.
The content creator further alleges that Wisdom Ehidiamen Abgonghale has repeatedly called her and addressed her using inappropriate and insulting names. She also told the Honk Magazine team that he allegedly contacted her mother and insulted her over matters concerning her daughter.
During a meeting with the Honk Magazine team, the complainant became emotional and cried while recounting her experience. She said the continued situation has affected her peace of mind and that she has struggled emotionally since the relationship ended.
Honk Magazine Calls for Official Investigation
Honk Magazine is bringing the matter to public attention because the complainant says she wants the appropriate authorities to intervene.
We are therefore calling on the Nigeria Police Force National Cybercrime Centre (NPF-NCCC) and other relevant authorities to investigate the allegations involving Wisdom Ehidiamen Abgonghale, examine the evidence available, and determine whether any criminal offence has occurred.
The complainant has provided identifying information concerning the individual, including his reported date of birth, which can be supplied directly to law enforcement for investigative purposes.
Honk Magazine emphasizes that the allegations in this report have not been established as fact by a court or law-enforcement agency. The purpose of this report is to bring the complainant’s concerns to the attention of the appropriate authorities and encourage a proper investigation.
We also urge members of the public not to threaten, harass, confront or take the law into their own hands against Wisdom Ehidiamen Abgonghale. Any relevant information or evidence should be submitted directly to law enforcement.
If you are an authority reviewing this report, Honk Magazine is appealing for this complaint to be properly documented and investigated.
Reported individual: Wisdom Ehidiamen Abgonghale
Reported location: Benin City, Edo State, Nigeria
Reported Individual uses these phone numbers: 07063041088, 08117042690, 08119078335
Nature of complaint: Alleged harassment, persistent unwanted contact, intimidation/blackmail, and cyber-related harassment following the end of a relationship.
If you are just coming across this post. please share and report this to the police in Nigeria so they can investigate him.
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