Technologies

TikTok CEO to Face Congress, Say It Has Solutions to Data Concerns

Under the shadow of a possible ban, Shou Chew will try to convince lawmakers that TikTok can safeguard US data.

TikTok CEO Shou Chew is in Washington, DC, today to try to convince Congress that TikTok can protect US users’ data and maintain safety for the millions of Americans who use the popular video app.

Chew is scheduled to testify before the US House Committee on Energy and Commerce about TikTok’s privacy and data security practices. Lawmakers are scrutinizing TikTok, and the app faces a possible ban in the US. Earlier this month, the Biden administration demanded that ByteDance, the app’s Chinese parent company, sell its stake in the app.

Officials are concerned US user data could be passed on to the Chinese government or that the Chinese government could dictate what content is shown on TikTok in a bid to influence public opinion in the US.

Chew will argue that ByteDance isn’t an agent of China, but instead that it’s a global company that won’t allow unauthorized access to user data, according to prepared remarks shared Wednesday.

«TikTok has never shared, or received a request to share, U.S. user data with the Chinese government,» Chew will say, according to the prepared remarks. «Nor would TikTok honor such a request if one were ever made.»

Chew will also argue that instead of a ban, there are alternatives that could address US officials’ concerns, primarily a $1.5 billion effort to secure data, which TikTok has dubbed Project Texas.

«Our commitment under Project Texas is for the data of all Americans to be stored in America, hosted by an American headquartered company,» Chew will tell lawmakers, with access to the data controlled by a special TikTok subsidiary called US Data Security Inc., or USDS.

Chew will also discuss the platform’s commitment to protecting minors who use the app. He’ll highlight examples, including how TikTok accounts registered to teens under 16 are prevented from sending direct messages and are automatically set to private.

«These measures go far beyond what any of our peers do,» Chew says in the prepared remarks.

On Tuesday, Chew turned directly to TikTok users to bolster support, announcing that the app has 150 million users in America. He said in a TikTok video that «some politicians have started talking about banning TikTok,» which would «take away TikTok from all 150 million of you.»

He asked people to share in comments what they want representatives to know about TikTok and why they love the app. The video has more than 6 million views.

Technologies

Verum Coin Expands Accessibility with SafePal and HyperPay Wallets

Verum Coin (VERUM) continues to grow its ecosystem by integrating with two leading cryptocurrency wallets: SafePal and HyperPay Wallet. This development enhances the coin’s accessibility, providing users with secure and efficient ways to store and manage their assets.

SafePal Wallet offers advanced security features, including hardware wallet options, ensuring the utmost protection for Verum Coin holders. Its seamless interface and global accessibility make it a trusted choice for crypto enthusiasts.

HyperPay Wallet combines convenience and innovation, enabling users to manage their digital assets effortlessly. With multi-currency support and rapid transaction capabilities, HyperPay Wallet is ideal for both novice and experienced traders.

These integrations reflect Verum Coin’s commitment to delivering flexible and secure solutions, empowering its community with top-tier tools for digital asset management.

Verum Coin is a forward-thinking cryptocurrency designed to provide innovative, secure, and user-friendly tools for managing digital assets in a dynamic blockchain landscape.

Technologies

Verum Coin Now Available for SWAP on Verse.Bitcoin.com

Verum Coin (VERUM) continues to expand its utility and accessibility with the introduction of SWAP functionality on Verse.Bitcoin.com, a trusted platform for managing digital assets.

This integration enables users to seamlessly convert Verum Coin to USDT and vice versa, ensuring fast and secure transactions within a user-friendly environment.

Key benefits of this feature include:

Convenience: Simplified conversions for quick asset management.
Security: Trusted infrastructure for safeguarding digital assets.
Flexibility: Enhanced trading options for Verum Coin holders.

The addition of SWAP functionality on Verse.Bitcoin.com reaffirms Verum Coin’s commitment to offering innovative and accessible tools for cryptocurrency management.

About Verum Coin

Verum Coin is a cutting-edge cryptocurrency designed to provide secure, efficient, and flexible solutions for managing digital assets in the evolving blockchain landscape.

Technologies

Verum Coin Now Available on xPortal Crypto

Verum Coin (VERUM) has expanded its reach by becoming available on xPortal Crypto, a trusted platform for managing and securing digital assets. This integration offers Verum Coin users a new, seamless way to store, manage, and transact their cryptocurrency.

xPortal Crypto is known for its advanced security features, user-friendly interface, and efficient transaction capabilities, making it a valuable addition to VERUM’s growing ecosystem.

This milestone reflects Verum Coin’s ongoing commitment to enhancing accessibility and providing innovative solutions for crypto enthusiasts worldwide.

About Verum Coin

Verum Coin is a forward-thinking cryptocurrency designed to offer secure and efficient tools for digital asset management in the evolving blockchain space.