Mr. Takatoshi Nakamura CEO, Pres. and Mr. Motoyuki Odachi, COO, Dir. of CIPHER-CORE, Inc., Colorado, USA publicly held company (OTC PINK:CFCI) visited Dhaka, capital of People’s Republic of Bangladesh 6/12/2023-6/17/2023 to discuss using CIPHER-CORE, Inc. internationally patented technology “complete cypher” for Central Bank Digital Currency (CBDC) with the officials of Bank of Bangladesh.
“Daily Business Eye” one of the most influential daily papers in Bangladesh reported 6/18/2023 that a two-member delegation of Japan’s company “Cipher-Core co. Ltd” 100% subsidiary of CIHER-CORE, Inc. USA is now visiting Bangladesh to meet with several officials including Bangladesh Bank (BB), Ministry of Finance and others.
During the discussions, many questions were related to the one and only technology related to “complete cypher” which is not using the ledger system in various financial fields but instead using “complete cypher” that protects even quantum computer attacks. They have made an offer to Bangladesh Bank to introduce the CBDC using their technology. The discussions shall be continued further when visiting Dhaka again 7/28/2023 – 8/01/2023.
During the visit, Mr. Nakamura and Mr. Odachi visited the Japanese Embassy in Bangladesh. Mr. Odachi reported to Ambassador Kiminori Iwama the purpose of their visit to Bangladesh. Mr. Iwama introduced Mr. Tomohide Ichiguchi, the Representative of the Bangladesh office of, Japan International Cooperation Agency (JAICA) to Mr. T. Nakamura and Mr. M. Odachi. JAICA is the agency in charge of administering Japan’s Official Development Aid (ODA).
Mr. Odachi, COO of the company, a former deputy minister of finance of Japan, wants to get JICA’s financial assistance to Bangladesh on this “complete cypher” project for CBDC for the costs being incurred during the development stage as technical cooperation is one of JICA’s three major areas of development assistance, the others being grants and yen loans.
Topic: Press release summary
Ezetap, India’s leading payment solutions company, has launched a free app for spot fine collection, for government organisations across India. This digital payments app allows government bodies, especially municipal corporations, to accept payments from citizens without the need for any payment device. Digital payment modes like UPI and Bharat QR which are a QR code based payment mode, SMS Pay which is an SMS link based payment mode as well as recording cash, etc. are possible through the app.
While hygiene and safety is the responsibility of every citizen, there have been instances when some ignorant citizens are seen without masks, or spitting and urinating at public places, littering their surroundings with garbage, etc. Keeping a close watch on the number of rules and regulations that are being followed in a highly populated country like India has been a challenge for government organisations and municipal corporations across the country. Cash handling, manual reconciliation, manual recording of challans, tracking penalty evasions and an overall lack of transparency due to non-digitised systems have further added to inefficiencies while collecting spot fine collection from offenders.
Giving a further boost to contactless payments in this post-COVID-19 era, the newly launched digital payments app for spot fine allows government bodies/municipal corporations to accept payments from citizens, in a hassle-free manner. Government bodies can also add up to 10 offenses, which can be customized as per their needs. They can also instantly generate an invoice/paperless receipt for the same. This can also be printed to generate a physical challan slip.
Commenting on the launch of this user-friendly app, Bhaskar Chatterjee – Head of Products at Ezetap, said, “Government bodies have been facing major challenges such as recording challans, penalty tracking, etc. The one-stop solution for this is the digitisation of the system. Ezetap’s new spot fine app is the culmination of our strong belief in India’s digital growth story and aims to offer a seamless spot fine collection experience for government officials. The app is designed to match the operational needs of government organisations across the country.”
The standard version of the app which can be downloaded from the Google Playstore is available for free and mainly focuses on organisations collecting spot fines. There is also a premium version of this app which comes with additional features that can be customised to the organisation’s needs, and at a one-time cost. Hospet MC, Hubli Dharwad MC and Bellary MC are some of the Municipal Corporation bodies that have been onboarded as part of this pro bono program. In the recent past, the integrated paid version of the Ezetap platform has gained popularity with a number of MCs in the country like BBMP (Bangalore), BMC (Bhopal), etc.