IOTA, the fifteenth largest cryptocurrency, has a word press plugin under development that allows users to pay to view content. The plugin dubbed as “IOTA Pay Per Content WordPress Plugin”, was announced by Co-Founder – IOTA Argentina Regional Community Leader, Daniel De Michele.
Daniel De Michele tweeted:
Glad to share a little contribution from the @IotaArgentina to drive #IOTA adoption: our Pay Per Content WordPress Plugin is now released. We hope the community finds it useful and helps to develope it further!!! #IOTAStrong – https://t.co/uCOrPgNIDR
— Daniel De Michele (Carpincho Dem) (@carpclash) May 30, 2019
The plugin was developed by the IOTA Argentina team. and at press time had the latest commit 2 hours ago on GitHub. The plugin although released is a work in progress.
According to GitHub, the plugin allows payments on certain posts using IOTA and it is up to the content creator/website owners to wait for transactions to be confirmed or not in order to grant access to content. This would be an issue as the GitHub stated:
“Issuing a fake transaction is easy on IOTA so, if you want to be 100% sure about the payment of a given content it might be a good idea to wait for the transaction to be confirmed (this can be done at your IOTA PPC configuration page).”
There is also a mention of how to install the plugin to WordPress as seen below.
In addition, the user can select a particular page as PPC, which can be done by checking the “Request IOTA payment to access” box and manually entering the units of Iota or Kiota or Miota to be paid for viewing it.
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ErisX goes all hands on deck to launch a Bitcoin Futures market
ErisX’s CSO, Matt Trudeau, detailed the company’s four important plans for the future, which includes launching a spot market, to secure a Bit License, DCO, and to launch a futures market.
ErisX currently has a DCM contract, which is a Derivative Contract Market that allows ErisX to run a CFTC-regulated futures exchange. However, ErisX aims to get a DCO [Derivatives Organization], which will effectively allow it to run a CFTC-regulated clearinghouse. A clearinghouse would mean that ErisX can take control of the custody of the assets and clear and settled trades.
The CSO explained the benefit of this, stating,
“There is some efficiency for firms like producers [like mining companies]; if they need to hedge their inventory or need liquidity on a spot market, they could do that conveniently on a single platform. “
Trudeau added that from the “post-trade standpoint” and “the collateral management standpoint,” ErisX would have cash, crypto, and the futures, all stored in their clearinghouse. This would boost efficiency since it would be available for all customers under a single platform. The CSO added,
“… so there is some efficiency in terms of managing collateral, if you don’t have assets on multiple platforms, it can all be in our clearinghouse.”
Apart from the aforementioned plans, Trudeau added that the crypto-industry needs to mature more and that ErisX plans to make a significant contribution to that. He added,
“The market is professionalizing and we think that in terms of what institutions are expecting from a trading/custody experience, we will bring some of the solutions to the market and that’s really the foundational pieces that they are looking in order to build their businesses on top of us.”
Apart from ErisX, LedgerX has also received a go-sign from the CFTC to settle Bitcoin Futures in Bitcoins. Other exchanges include Intercontinental Exchange’s Bakkt and Seed CX.
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