Centrality Monthly Update — January 2020

JANUARY

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CEO Aaron McDonald shares key developments over the past month. To stay up-to-date on the progress of Centrality's ecosystem, follow us on Twitter and our Telegram Announcements channel, plus join our community on Centrality's Official Telegram, Instagram, Reddit and Facebook

It's only 6 months since we launched the network and it's already hosting the fastest-growing DApp in the world. Starting a new decade, the Centrality team set even bigger goals to nail in 2020. You'll see us launching the MainNet and moving to public staking. This will be a major step for CENNZ and will create enormous value for the community. We'll be focusing on growing the user base, reaching 1 million Sylo monthly active users in Q2. We also have a growing list of partnership announcements ready for the New Year with major brands around the world!

The team has already managed to achieve strong progress in the first month alone - here's what we have been up to:

Centrality Reward Programme

The reward programme was a huge success, with 580mil CENNZ being transferred to the staking account, generating over 16mil CPAY staking and referral rewards. If you participated in the reward programme you can withdraw your CENNZ and CPAY tokens now by going to centrality.ai/reward and logging into your Metamask accounts. All referral bonuses will be sent to your wallet by the first week of February.

Sylo merchandise store

We're also excited to announce the launch of the Centrality Swag Store within Sylo, using the Sylo Experience Framework. This store integrates Sylo, Shopify and Centrapay and we will put a template up soon on how you could make your own store!

Download the Sylo app from Google Play or the Apple store and use the QR code to access the store:

You'll then immediately be able to browse the Swag store and check out the limited-edition merch.

Sylo Smart Wallet

Traction for the Sylo Smart Wallet has been progressing well, with the app picking up more users in more countries every week. Sylo launched Japanese-language support into the Smart Wallet over the holiday period, so now all our fans in Japan can enjoy the full Sylo experience in their native tongue!

CarbonClick

We're happy to announce our newest customers joining CarbonClick! DIY, hardware giant, PlaceMakers, has added our carbon offsetting green button to check out in addition to popular women's fitness brand, Clique. As more and more businesses join CarbonClick we will continue to announce them so you can enjoy carbon-friendly shopping. Let's make a greener planet!

OnFinality

With OnFinality, you can now minimise the risk of slashing and earn rewards by staking with our validator nodes. This month we launched the first of many validator nodes available to be staked with OnFinality, Kusama.We've created a step by step instructions on how to stake Kusama with OnFinality here.

We'll be adding more networks over the coming month, so stay tuned for more network announcements. For more information on our blockchain-as-a-service solution, click here.

Iomob

Iomob was announced one of the winners of "Sustainable Mobility Challenge", aimed to unlock the potential of sustainable mobility services in Sweden. Winners have been awarded €50,000 for their innovative, scalable, and user-friendly solutions, as well as the opportunity for funding for accelerated market introduction in Sweden. The long-awaited project with Region Skate will begin development in February.

Progress continues on Stage 2 of Iomob open MaaS (mobility as a service) marketplace pilot for Wellington. The pilot will enable users to book and pay for all journeys through 1 app, instead of flicking through Metlink, Ola, Flamingo, Uber etc. The team has finalised the design and got all the stakeholders on board. In the next couple of month, they will be focusing on confirming & training the test users.

AMA with the community

Finally, I've hosted an AMA, answering some great questions from the community on our Telegram channel. There was a lot of interest around Centrality partnerships and we do have lots of great stories coming out and some great new partnerships already agreed in 2020, but the most important thing for our fans to keep sharing is that for networks to have the value they need users and CENNZnet is growing users faster than anyone else. This creates sustainable value. Chasing hot news is a 2017 crypto bubble game, the real game now is building real value in the network, this is what the big companies and professional investors look for now. We also have plenty of hot news too, so stay tuned.

To stay up-to-date on the progress of our technology, follow us on

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Mastercard CEO: Libra "doesn't sound right" / China accelerated CBDC in response to Libra / Survey: Trust in banks to issue digital currency

Inside Libra.

Presented by Subscribe | View in browser 1. Ajay Banga, CEO of Mastercard, has revealed why the company pulled out of Facebook's Libra project, saying that it didn't "sound right." Mastercard was one of the original members of the Libra Association, which initially started with 28 members. However, within months of Facebook announcing Libra last June, Mastercard stepped away from it amid increasing concern from global regulators. Now, in an interview, Banga has said that he "doesn't understand how [Libra] works," adding that Facebook was unable to address concerns regarding financial inclusion, how it would comply with local laws, and a business model that would generate money. In Banga's opinion, promises of financial inclusion now appear to be in doubt because of the way the currency's digital wallet, Calibra, works. Explaining further, he said that for financial inclusion to work, a government has to pay a person in a currency in a way they understand in order to purchase what they need. "If you get paid in Libra... which go into Calibras [digital wallets], which go back into pounds to buy rice, I don't understand how that works," he added. Other companies that have stepped away from Libra include Visa, PayPal, Stripe, and, more recently, Vodafone. -FINANCIAL TIMES 2. Michael Sung, a professor at Fudan University in Shanghai, has said that because of Libra, China has accelerated its efforts to create its own nationwide digital solution. Sung made the comments while at the World Economic Forum in Davos, Switzerland. Speaking on the sidelines, he spoke about blockchain projects and digital currency in China. For nearly half a decade, Sung has been following the new currency project in the country as the Chinese Communist Party (CPC) built out its plans for a digital solution. Touching on the topic of Libra, Sung is of the opinion that the CPC increased work on the project because of Facebook's stablecoin project. Sung said: "Mu Changchun, who is the head of the official Digital Currency Research Institute, ran back to Beijing and held a special workshop for all the Communist officials and decided, 'OK, get in front of this.'"-COIN DESK A MESSAGE FROM LADDER Apply in 5 minutes and get an instant decision on term life insurance. Ladder is life insurance you’ll love to get. Answer a few questions online and voilà! If you qualify, we’ll cover you with the click of a button. There are no hidden fees, and you can cancel or adjust your coverage anytime. Zero hassles, 100% love. Check Your Price 3. Former Banque de France governor, Christian Noyer, has said that a decline in the use of cash, and a rise in private crypto assets such as Libra, has pushed several central banks to look into the possibilities of a central bank digital currency (CBDC). However, Noyer added that there was "clear hesitation" among the top financial institutions regarding privacy and the impact it could have on monetary control. He went on to say that "whether they will enact the projects in the next 10 years remains to be seen." -FINANCIAL TIMES 4. A survey published by the Official Monetary and Financial Institutions Forum (OMFIF) has found that central banks instead of technology companies such as Facebook are the preferred issuers of digital currency. The survey saw responses from 13,000 people in 13 countries and noted that half of the respondents had more faith in central banks. This is compared to major technology companies who were the least trusted, which came with a 37 percent rating. -BLOOMBERG A MESSAGE FROM RAGING BULL Don’t Just Beat the Market… Crush It School teacher turned expert trader, Jason Bond, is offering a free look inside his 2 Simple Trading Patterns that he teaches all his students. Start trading like a pro here. Learn More Now! 5. Dante A. Disparte, vice-chair of the Libra Association, has said in an interview that things are moving forward for the Libra project despite the recent departures of the likes of Mastercard, Visa, PayPal, and Vodafone. He went on to say that "the firms that have left, I think, have left with a door wide open for future opportunities to engage in collaboration." -COIN DESK 6. Wired's Barclay Bram looks at the work China is doing to create the first sovereign digital currency, which it's hoping to do before Facebook launches its Libra stablecoin. According to the report, Libra has been singled out as a particular threat that China wants to get ahead of. -WIRED 7. In case you missed it: At the end of December, Brad Garlinghouse, CEO of Ripple, said that Facebook will face hurdles because it "let the public down." In an interview, Garlinghouse said that the "new world order of digital assets" was grounded on trust. "People trust Bitcoin, they trust Ether, they trust XRP," he said, adding that when it comes to Facebook, "they've let the public down." -LIBRA COIN NEWS This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Connect with her on Twitter. Edited by Beth Duckett, staff writer at Inside. 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