60 Hong Kong-Based Vending Machines Support McAfee’s Ghost Token for Payments

bitcoin.com(Source: Jamie Redman)    2020-06-30 23:10:46

[Image (click to view)]

On June 28, 2020, the team behind Ghost Coin revealed a partnership with the digital currency payment processor Ivendpay. Ghost is a project led by the notorious John McAfee and according to the recent announcement, 60 vending machines in Hong Kong will support the privacy-centric coin for payments.

It’s surely never a dull day in John McAfee’s world and this week his Ghost Coin team revealed a collaboration with the crypto payment startup Ivendpay. The startup is a multi-currency payment system that allows people to accept cryptocurrency and other types of electronic fiat payments.

Ivendpay supports bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), binance coin (BNB), and more crypto coins at numerous vending machines and points of sale. The company also offers a payment device called the mPOS terminal which enables crypto payments leveraging NFC technology, a dual-screen, and a printer for receipts.

On Sunday, the official Twitter account for the Ghost Coin project led by McAfee revealed a collaboration with Ivendpay. “When we first launched Ghost our vision was not only to focus on privacy, but also on real user adoption,” the Ghost account tweeted. The tweet continued:

We are happy to announce that we have partnered with Ivendpay to deploy Ghost as a form of payment in over 60 vending machines across HK including Hong Kong Disneyland.


[Image (click to view)]

Sergey Danilov, the founder of Ivendpay, believes that cryptocurrency support will benefit existing payment systems for automatic and retail trade. “Tens of thousands of small transactions worldwide will drum up cryptocurrencies’ capitalization,” said Danilov. News.Bitcoin.com reported on the Ghost project in mid-April, back when McAfee announced the launch and stressed that “governments will be unable to shut [ghost] down.”

Ghost also went live last week on McAfee’s new distributed exchange, and the Bitcoin.com exchange listed the ESH token at the end of May, in preparation for McAfee’s Ghost Airdrop. The Ghost network’s mainnet is live today and the coin’s creators claim the tokens are privacy-centric.

According to the white paper or “litepaper”, the proof-of-stake (PoS) ghost token’s “transactions use a state of the art escrow pool to shield and erase the history of transactions.”

“[Ghost] transactions will be verified using zero-knowledge proofs and ZcashSapling, Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARKs), ‘The Sapling Protocol,’” the paper highlights. Just recently the Ghost project released the Ghost Wallet 2.0.6 and another concept called ghostfundme.com.

Now with the partnership with Ivendpay, it will allow for ghost tokens to pay for a number of products in 60 vending machines across Hong Kong. The news follows the recent reports of a number of vending machines throughout Hong Kong that accept bitcoin cash (BCH) and ethereum (ETH).

For years now the concept of leveraging cryptocurrencies with vending machines has been a popular trend, this is natural because the two ideas go hand in hand. With coins that leverage low transaction fees, it seems the popular trend with vending machines will continue, at least on certain networks.

What do you think about the 60 vending machines in Hong Kong that will accept ghost token via Ivendpay? Let us know what you think about this subject in the comments below.

The post 60 Hong Kong-Based Vending Machines Support McAfee’s Ghost Token for Payments appeared first on Bitcoin News.

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