Market review, January 13, 2020

2020-13-01 11:51:54

The IT division of the international technology giant Samsung SDS has announced a collaboration with telecommunications service provider Syniverse to develop a blockchain system for mobile payments.

According to the developers, the platform will simplify and speed up payments between mobile operators and companies in various sectors of the economy, including finance, logistics, tourism, and the hotel business. The platform will be compatible with any mobile operator and using the blockchain; users will be able to send money, loyalty points, and cryptocurrencies to each other, as well as use them for payments all over the world.

The system will be developed based on the corporate platform Nexledger Universal from Samsung SDS and Universal Commerce from Syniverse. In addition to user applications, developers intend to introduce 5G technology and the Internet of things to make payments. According to companies, users will be able to make payments without creating a mobile wallet, and payment will be made through a cell phone number.

Let us recall that in October, Samsung SDS announced plans to launch a blockchain-based medical claims processing system, as well as to introduce a new blockchain platform for supply chain tracking together with Pega, an American company, and Tech Mahindra, an Indian concern.

Technical analysis of Bitcoin (BTC):

Over the past day, the price of bitcoin fell to the support level of $7,950. Then it rose to the resistance level of $8,200. Now, the price of bitcoin is $8,080. We expect the continuation of the negative movement. The nearest resistance levels are $8,140, $8,250. The nearest support levels are $8,000, $7,900, $7,800, $7,640, $7,500.

Technical analysis of Ethereum (ETH):

Over the past day, the price of ethereum rose to the resistance level of $147, then it dropped to the support level of $141. Now, the price of ethereum is $143. In the future, we expect the continuation of the downward movement. The nearest resistance levels are $145, $146, $147, $150. The nearest support levels are $141, $139, $137, $135, $134.

Technical analysis of Ripple (XRP):

Over the past day, the price of ripple rose to the resistance level of $0.2190,then it dropped to the support level of $0.2090. Now, the price of ripple is $0.2110. We expect the continuation of the negative movement. The nearest resistance levels are $0.2120, $0.2150. The nearest support levels are $0.21, $0.2090, $0.2040, $0.2020, $0.20, $0.1980.

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Posted: 13.01.2020 | Korolowa Helena
Disclaimer. This review is only for information purposes and cannot be considered as a proposal or an indication to perform certain transactions in the financial and commodity markets. The estimates and recommendations in the review are the personal opinion of the company's analysts. The company's view on the prospects for individual financial instruments is valid as of the date of the report. The Company does not assume any liability and liabilities for compensation for damage that may result from the use of this report.
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