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NEO News Roundup – December 22nd

· in Breaking, Crypto News
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.
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The NEO ecosystem continues to expand around the world with new developments and improvements. NeoLogin participated in an English Neo Live event, QLC Chain expanded its services to Indonesia and Singapore while NGD Shanghai released an update. 

NeoLogin Participates in NEO Live Event

NEO Login has recently participated in the Neo Global Development’s (NGD) English Neo Live event. This followed an Ask Me Anything (AMA) event that took place on the official Neo Telegram channel. 

Albert Acebrón, NeoLogin CEO, Thijs Maas talked about the NeoLogin concept and how wallets can act in a non-custodial manner. Furthermore, he discussed future fiat on-ramp portals and how they are going to secure the NeoLogin wallet. 

About NEO and their plans Thijs commented:

“We believe Neo has great potential, especially with regards to its ability to scale well, which is helpful for scalable decentralized applications and games specifically.”

QLC Chain Expands To Indonesia and Singapore

QLC Chain, a decentralized Network-as-a-Service (NaaS) provider, informed that they are going to offer ‘top-up’ support for all mobile providers in Singapore and Indonesia. 

In a recent blog post released by the company, Q-Wallet will be supporting 5%-off discounted mobile recharge with QLC for payment and blockchain-based invoice across all Operators in Singapore and Indonesia by the end of the current year. 

The companies included in this promotion are Singtel, Starhub, M1, Indosat, Telkomsel and Tri. This would allow users to enjoy a discount when using QLC for payment and 5 QGas for generating a QLC Chain-issued invoice for each top-up order. 

This is the first time that QLC is introduced to the Q-Wallet top-up gateway that expands its usage scenario to purchasing mobile services. Users will also be able to receive referral rewards that can be used for generating QLC Chain-base invoice in Q-Wallet.

NGD Releases Development Report for NEO 

Finally, Neo Global Development (NGD) Shanghai has also released a development update for December this year. The main goal was to coordinate information for community groups and encourage GitHub participation. 

In this report, they share which were the items that were implemented on the network and the NeoVM. Moreover, they have shared some active discussion topics and a recent repository reorganization. 

The NeoVM has implemented reference counting that facilitates memory management on the network, allowing objects to be allocated in the VM’s memory when they are being referenced during execution. 

According to data provided by CoinMarketCap, NEO is the 19th largest cryptocurrency network in the market with a valuation of $615 million and a price per coin of $8.73.