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SegWit Finally Embraced by Coinbase and Bitfinex

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Today, Coinbase — cryptocurrency exchange, brokerage, wallet, and operator of GDAX — and Hong Kong-based exchange Bitfinex have announced the implementation of P2SH Segregated Witness (SegWit). As per the companies’ tweets, users will experience improved transaction processing times and lower fees across the Bitcoin network.

Our engineering team has finished testing of SegWit for Bitcoin on Coinbase.

We will be starting a phased launch to customers over the next few days and are targeting a 100% launch to all customers by mid next week.

— Coinbase (@coinbase) February 20, 2018

We are proud to announce support for SegWit.https://t.co/FTCmRrRo2K pic.twitter.com/Kk2cA71wNN

— Bitfinex (@bitfinex) February 20, 2018

For Coinbase, this process began in December, when vice president and general manager Dan Romero indicated to investors and users that the exchange would adopt the SegWit protocol in early 2018

The protocol, an oft-debated measure introduced as a means of scaling Bitcoin to meet increased demand, is expected to decrease congestion in the cryptocurrency’s network, resulting in faster transaction times and lower fees.

Fees have been a huge problem for Bitcoin users — although they have fallen to recent lows at an average of $0.79 on Sunday. In December, amidst an upsurge in use and value of the cryptocurrency, prices reached peaks of up to $34.00.

What is SegWit?

SegWit is a Bitcoin protocol improvement that facilitates scaling. The SegWit implementation will provide Coinbase and Bitfinex users with lower transaction fees and improved processing times on transactions across the Bitcoin network. This happens by increasing block size limits by separating signature data from transaction data.

In addition to increasing capacity, SegWit will also effectively fix transaction malleability, a potential attack based on the modification of transaction IDs prior to network confirmation. Further, SegWit also lays the foundation for future Bitcoin development efforts like the implementation of Lightning Network, which will permit the network to process millions to billions of transactions per second.

Looking ahead

Moving forward, the question is what will happen as the Bitcoin network continues to grow. A hard-coded limit on the size of blocks limits how many transactions the network can process per second.

Some in the bitcoin community wanted to simply raise the block size — see Bitcoin cash. Instead of increasing the maximum block size, SegWit separates cryptographic signatures from the rest of the blockchain data, so these signatures aren’t counted against that one-megabyte block-size limit — consider it a de facto block-size increase.

That said, SegWit is not the be all end all: If 100% of transactions use the new protocol, it will roughly double the network’s capacity — but that’s it. Further increases will require more radical changes.

Coinbase

Romero said the exchange has carefully considered the implications of adopting SegWit:

“In terms of our engineering priorities, securely storing customer funds remains our top priority. Our next priority is to ensure that our platform remains performant during periods of peak volume,” Romero said.

The adoption of SegWit is a huge undertaking for the Coinbase because its platform is much larger than most other digital currency exchanges. The exchange has millions of users active each month, and it accounts for a significant portion of all Bitcoin trading. This means the impact of its decision to adopt SegWit could have repercussions on the entire cryptocurrency space.

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Blockchain

Narkasa, an Innovative, Safe and Fast Cryptocurrency Exchange Launches Operations

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Cryptocurrency

The cryptocurrency industry is always evolving, leading to increased awareness and popularity of Bitcoin and other crypto-assets. Among the leading areas of innovation in this emerging ecosystem is the evolution and sophistication of new cryptocurrency exchanges. A lot of existing exchanges create own and limited value proposition to its users, for instance, offering trade tutorials, global reach and mass adoption of cryptocurrencies. Other platforms focus on improving security features and customer support. However, few crypto exchanges are focused on user-centric features such as building a user-friendly platform, trading support and legal compliance across jurisdictions. Narkasa is a recently launched cryptocurrency exchange prides itself as being the most user-centric platform in the market and goes on to offer more than one solution to its users.

Launched in June 2020, Narkasa cryptocurrency exchange is duly registered and located in Istanbul. Legal and regulatory compliance is a huge competitive advantage of the exchange in its bid to ensure customer’s funds and data remain safe. Therefore, the exchange operates in compliance with the European Union’s AML/CTF and KYC guidelines.

Buying and selling cryptocurrencies has just been simplified for both new and experienced users! Users can access Narkasa services through its website as well as via iOS and Android devices. Trading experience is enhanced via the use of an API supported algorithmic trading technology. As a market leader in user-experience in the cryptocurrency industry, a user has an opportunity to interact with the various user-interfaces available on the exchange via the website even without a prior sign-up requirement. Hence, allowing its customers to decide to opt-in or not.

Further, Narkasa goes past being a user-friendly platform which is significant to driving crypto mass adoption and positions itself for global expansion and support. The exchange plans to introduce crypto trading supported by 156 national currencies. Therefore, allowing investors and other crypto enthusiasts from all over the world to buy and sell cryptocurrencies of their choice supported by host country fiat money/currency. Already, few weeks after launch the exchange supports transactions in various fiat currencies namely Ruble (Russia), Real (Brazil), Pound (Turkey), Tenge (Kazakhstan) and Hryvnia (Ukraine). Customer support and interaction with the trading platform is also available in 12 national languages. Choosing local or host country currency is win to Narkasa users because it’s an opportunity to save on foreign exchange cost otherwise charged if one has to convert funds from leading fiat currencies to a local one. Additionally, as a user you get to view your balances easily and intuitively in your local currency.

Why Choose Narkasa Exchange?

  • Multi-Currency support (both fiat and cryptocurrencies
  • Low Trading Fees
  • Zero Commission on Purchases of Cryptocurrencies via the Platform
  • User-Friendly Platform
  • Global Access
  • Multinational Platform -Supports 12 Languages
  • 24/7 Live Customer Support
  • Powerful Trade Engine backed by Artificial Intelligence (AI)
  • Fast, Safe and Secure Transactions

Are you frustrated with the complex user-interfaces experienced with cryptocurrency exchanges, huge costs and lack of consistent customer support? Narkasa is the exchange to be. Traders are reaping huge returns via the exchange by leveraging on its cutting-edge technology. What’s more, the exchange is running an offer, 50 per cent discount on all transactions via the platform within its 90 days after the official launch.

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Honeywell Uses Blockchain To Digitize Aircraft Records, Parts Pedigree Data A comprehensive but simple searc

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Fundraising

For decades, aerospace companies and their customers have drowned in cumbersome documentation processes and storage mechanisms. Honeywell (NYSE: HON) is solving those problems by fully integrating aircraft record generation into its digital blockchain ledger. This provides Honeywell’s customers with an easy way to search and retrieve scattered data through a simple user interface, creating a level of speed and efficiency never before available in the aerospace industry.

Quick and easy access to this data is critical for airlines because most use dozens of repair facilities, and the paperwork from each is not integrated. Additionally, airlines and operators commonly deal with lost, printed paperwork associated with a part. This paperwork, or “trace documents,” are critical to maintaining the value of a part’s worth.

Honeywell’s blockchain is a secure, decentralized database crowd-sourced by all its authorized users. Each user that Honeywell allows has a copy of the database and knows its contents in real time. Instead of storing only PDF documents or a reference to the digital aircraft record, Honeywell now stores the actual form data “on chain.” This data is used to re-construct aircraft records, including records that prove the U.S. Federal Aviation Administration has certified that aircraft parts are safe to fly. These records can be accessed by customers, and in the case where paperwork is missing, customers can simply input the part number and serial number and the user interface will retrieve the data from the blockchain and “rebuild” the missing document.

“Honeywell’s offering is like a search engine, but it works for anything and everything related to aircraft parts and service,” said Lisa Butters, general manager for Honeywell’s GoDirect Trade and applications owner for blockchain technologies. “Honeywell manufactures and repairs thousands of aerospace parts each day, and now all of those events, including the generated air worthiness certificates, go on chain. In aerospace, this is a game-changing technology that will simplify and transform recordkeeping for aircraft owners and airlines around the world.”

In its purest form, blockchain technology creates trust between all parties on the chain through digital transparency. The goal of the company is not to be the only aerospace company creating unified aircraft records on chain, but rather to collaborate and be an implementation partner so others can leverage the same technology.

“Blockchain is unique because it’s a team sport,” said Butters. “This isn’t just about Honeywell data. In fact, this is not just about aerospace data. Whether you are in aerospace, automotive, electronics or consumer products, I envision all manufacturing OEMs and repair shops pushing quality documentation and part provenance data to the blockchain, so customers have easy access.”

Adding data to the blockchain ledger does not replace regulatory authorities’ current document requirements, but rather supplements them more efficiently. Honeywell now unpacks all that parts and repair data and makes it immutable, searchable and accessible to everyone in its permissions-based ecosystem.

Honeywell first implemented blockchain technology with the launch of GoDirect Trade in late 2018. This online marketplace for buying and selling new and used aircraft parts leverages blockchain to include images and quality documents for the exact part being offered for sale, giving the buyer more confidence about purchasing the part. More than 2,700 companies and 7,000 users are active on GoDirect Trade today, and more than 80 storefronts have combined to process more than $8 million in transactions since the marketplace’s launch.

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Huobi Announces the Establishment of Huobi DeFi Labs

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Huobi Group

Huobi Group, the world leading Blockchain Company, has announced the establishment of Huobi DeFi Labs. Huobi DeFi Labs is the platform for DeFi (Decentralized Finance) research, investment, and incubation and eco system building in DeFi space. It aims to build a better financial system in collaborations with the global crypto and DeFi community for the future.

“Huobi as the leading crypto financial services provider in Asia and worldwide, our mission is to provide the best crypto financial products and services to our users regardless it is CeFi or DeFi,” said Leon Li, founder and CEO of Huobi Group. “We are excited to join as a part of the global DeFi ecosystem and will be very honoured to work with the global community to provide the best support possible.”

The DeFi initiatives will be led by Huobi’s Chief Investment Officer Sharlyn Wu, who was a Wall Street veteran, ex UBS and also have been leading blockchain investment at China Merchant Bank International.

“Over the past two years, we have witnessed the birth and exponential growth of DeFi. The width, depth and speed of innovations are unparalleled in human history. It is exciting to see the power of permissionless economy unleashed at global scale. However, there are still many problems to be solved at theoretical and technical level,” said Sharyn Wu, Huobi’s Chief Investment Officer. “There is also a lot of investor education to do in order to bring crypto and DeFi to mainstream users. As DeFi is still in its infancy, it needs collective efforts from the global community to build and grow the space together.”

Huobi Group will allocate tens of millions of dollars to an initial investment fund, which will be managed by Huobi DeFi Labs. The team consists of 4 research and investment professionals initially.

The DeFi Labs will be focused on the following three areas:

  • Research of underlying financial theories and technology
  • Investment and incubation of DeFi projects
  • Work with the best DeFi projects to service the entire ecosystem

DeFi and CeFi to Collectively Change the Landscapes of Traditional Finance

Sharyn Wu explains why Huobi group invests in the DeFi space and Huobi DeFi Labs’ mission:

  • DeFi brings many benefits including transparency and composability, which will improve the efficiency and governance of finance to the next level. More importantly, for the first time ever, it is possible to create a finance system without credit risk and principal agency risk.
  • This system can provide people with trust, safety and certainty, which are not present in our society today. When financial institutions, which are professional at pricing risks come in, they look at the risk parameters, they will tell that this trust-less model deserves better pricing because it removes the risks and uncertainties caused by human behaviors.
  • This will also benefit average users in the ecosystem hugely as every user regardless where they are can tap into the global liquidity pool and all the financial products worldwide through their mobile.
  • Crypto is a perfect system for finance. As blockchain technology optimizes over time, DeFi and CeFi to collective change the landscapes of traditional finance and serve the use cases they are best suited for. Huobi strives to work with the entire crypto and DeFi ecosystem to reshape the global financial systems.
  • Crypto will disrupt finance as the internet has managed to change many other industries. Today is a world that every business operates with their ledger. Society is operating at huge costs for account reconciliations and monopolies ruling out long tail. The power of millions of ledgers merging into one will enable that every user, asset and data is accessible to the entire ecosystem at literally zero costs.
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Zero-Confirmation Asset Transfers Launch on FTX

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Blockchain

Fireblocks (www.fireblocks.com), an award-winning digital asset security and asset transfer platform, announced today the official launch of its Deposit Acceleration Program to partner with top global exchanges on providing the fastest on-chain settlement times for the crypto buy-side. FTX, an exchange that offers innovative products including industry-first derivatives, options, volatility products, and leveraged tokens, is the first to join the Deposit Acceleration Program, enabling Fireblocks customers to deploy assets onto the FTX exchange in real-time with zero confirmations.

The Deposit Acceleration Program is designed to bring new institutional trading volume to exchanges while accelerating on-chain trading operations for digital asset businesses. Bitstamp, the largest crypto exchange by volume, joined the pilot program a few months back, offering one confirmation deposits to Fireblocks Network members. In the first month of joining, volume to the exchange increased by 30% from the Fireblocks Network. Now, FTX has joined as the first exchange to offer Fireblocks customers zero-confirmation deposits.

“We’re really excited about partnering with the Fireblocks team to solve some of the core latency issues around moving digital assets on-chain,” said Sam Bankman-Fried, CEO and Founder of FTX. “As the first member of the program, we now have the fastest settlement venue for institutional traders.”

Exchanges require the pre-funding of assets to receive trading credit, which can take anywhere from 10 minutes to over an hour. This process is cumbersome for the buy-side, requiring effective risk management in terms of managing exchange liquidity. At the same time, it directly impacts a trader’s ability to take advantage of arbitrage opportunities. Operations and treasury teams are forced to allocate assets on exchanges even if market forces don’t necessarily indicate they should be trading on that exchange.

For derivatives traders, slow collateral transfers can result in the auto-liquidation of a position. The zero confirmation capability is critical for derivatives trading as it mitigates trading losses and unlocks the ability to trade during volatile markets.

“Exchanges are looking for creative ways to drive volume and stay competitive,” said Stephen Richardson, VP of Product Strategy at Fireblocks. “The Deposit Acceleration Program is a great way to enable Fireblocks customers to trade on an exchange more actively because being able to deploy assets quickly with their exchange partners directly impacts their ability to drive return on capital.”

Once an exchange has joined the Deposit Acceleration Program and the integration is live on the Fireblocks Network, customers will see an “ultra-fast” label next to the exchange’s name. New exchanges are being onboarded into the program today and will be activated on a rolling basis.

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Blockchain

Zero-Confirmation Asset Transfers Launch on FTX

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Bahrain

Fireblocks, an award-winning digital asset security and asset transfer platform, announced today the official launch of its Deposit Acceleration Program to partner with top global exchanges on providing the fastest on-chain settlement times for the crypto buy-side. FTX, an exchange that offers innovative products including industry-first derivatives, options, volatility products, and leveraged tokens, is the first to join the Deposit Acceleration Program, enabling Fireblocks customers to deploy assets onto the FTX exchange in real-time with zero confirmations.

The Deposit Acceleration Program is designed to bring new institutional trading volume to exchanges while accelerating on-chain trading operations for digital asset businesses. Bitstamp, the largest crypto exchange by volume, joined the pilot program a few months back, offering one confirmation deposits to Fireblocks Network members. In the first month of joining, volume to the exchange increased by 30% from the Fireblocks Network. Now, FTX has joined as the first exchange to offer Fireblocks customers zero-confirmation deposits.

“We’re really excited about partnering with the Fireblocks team to solve some of the core latency issues around moving digital assets on-chain,” said Sam Bankman-Fried, CEO and Founder of FTX. “As the first member of the program, we now have the fastest settlement venue for institutional traders.”

Exchanges require the pre-funding of assets to receive trading credit, which can take anywhere from 10 minutes to over an hour. This process is cumbersome for the buy-side, requiring effective risk management in terms of managing exchange liquidity. At the same time, it directly impacts a trader’s ability to take advantage of arbitrage opportunities. Operations and treasury teams are forced to allocate assets on exchanges even if market forces don’t necessarily indicate they should be trading on that exchange.

For derivatives traders, slow collateral transfers can result in the auto-liquidation of a position. The zero confirmation capability is critical for derivatives trading as it mitigates trading losses and unlocks the ability to trade during volatile markets.

“Exchanges are looking for creative ways to drive volume and stay competitive,” said Stephen Richardson, VP of Product Strategy at Fireblocks. “The Deposit Acceleration Program is a great way to enable Fireblocks customers to trade on an exchange more actively because being able to deploy assets quickly with their exchange partners directly impacts their ability to drive return on capital.”

Once an exchange has joined the Deposit Acceleration Program and the integration is live on the Fireblocks Network, customers will see an “ultra-fast” label next to the exchange’s name. New exchanges are being onboarded into the program today and will be activated on a rolling basis.

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Ludena Protocol Announces Partnership with Theta Network

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altcoins

South Korean gaming social platform, Ludena Protocol and Theta Network, the leading decentralized video delivery network powered by an innovative new blockchain and distributed ledger technology, announce their strategic partnership with a mutual focus to drive usership through increased content and exposure.

As part of the agreement, the Ludena Protocol Dapp, GameTalkTalk will be integrating the Theta protocol into its gaming-centric social platform that rewards users for gaming-related activities. Theta Network will bring its high quality esports, gaming and blockchain content to the 3 million+ GameTalkTalk users. Users will earn rewards with the TFUEL token for watching and sharing their bandwidth and videos with other network users and engaging with the content. This partnership will mark the first launch of Theta Live Mobile Embed for Android apps in Korea.

“GameTalkTalk is an ideal partner to launch our Theta Live Mobile Embed product powered by the Theta Network, allowing viewers to relay esports and game streams to their peers and earn Theta token rewards, TFUEL, just for watching and sharing their bandwidth resources,” said Mitch Liu, Theta Labs CEO. “In just a couple of months after announcing Theta Live Embed, it is now live on more than dozens of partner sites globally and we are excited to branch out to Korea for the first time and to onboard local content.”

Theta Labs will also be supporting Ludena Protocol’s global expansion plan through marketing cooperation, while offering GameTalkTalk users an influx of gaming content and added platform rewards. As a global launch marketing partner, Theta Labs will leverage their existing US and Europe community to help onboard new, international GameTalkTalk users. In addition, Theta Labs has agreed to provide an exclusive GameTalkTalk channel on Theta TV, which will feature Ludena Protocol’s in-house content, which will be broadcasted to the Theta community, which boasts 5 million+ users.

Ludena Protocol CEO, Joshua Kim, had this to say about the announcement: “We hope that the cooperation between Theta Labs, which showcases an excellent model of disruptive blockchain-based service, and the Ludena Protocol Foundation, which seeks to create an innovative global gaming ecosystem through a gaming social platform, will lead to achievements that are long remembered in the blockchain gaming market.”

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Riot Blockchain Receives 1,000 S19 Pro Antminers from Bitmain

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Riot

Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot” or the “Company”), has received 1,000 S19 Pro miners, the first of three orders cumulatively totaling 3,040, S19 and S19 Pro Antminers from BitmainTech PTE. LTD. (“Bitmain”), at Coinmint’s Massena, New York facility. Deployment of these 1,000 new S19 Pro generation miners has commenced and is expected to be completed by Friday, July 17, 2020.

Riot recently relocated its mining operations to Massena, New York for a number of benefits, the largest of which was to take advantage of the extremely competitive electricity costs in the New York ISO market. Once the 1,000 S19 Pro miners are installed and fully operational, Riot’s active mining portfolio will consist of 4,000 S17 Pros and 1,000 S19 Pros. As a result, the Company’s aggregate hashing power capacity will increase by 45% from current levels to approximately 357 PH/s and consume 12.8 megawatts of power. This level of energy efficiency is the result of Riot’s continued efforts to build its operations with the highest performance mining hardware on the market.

Once all 3,040 Bitmain S19 Pro and S19 miners are received and deployed, Riot estimates that the aggregate hashing power capacity of its then fleet of 7,040 next generation miners (4,000 S17 Pro, 2,000 S19 Pro and 1,040 S19 miners) will be approximately 566 PH/s, representing a 129% increase over the Company’s current hash rate capacity. Riot expects the additional S19 miners to be shipped, 1,040 in July and 1,000 in September / October.

“The initial phase of the Riot Blockchain transformation is now complete,” said Remo Mancini, Chairman of Riot Blockchain. “We have embarked on a systematic risk mitigation effort to benefit all shareholders. We have overseen the termination of the SEC investigation and have improved the Company’s financial profile by eliminating all long-term debt, adding significant positive working capital, and reducing our operating overhead by relocating to a lower-cost facility.”

“We have also streamlined our operational capabilities by reorganizing our management team, closing RiotX and focusing on the production of bitcoin, of which the Company now has over 1,000 in inventory. We have completely upgraded the Company’s mining fleet and are on-track to achieving a hash rate capacity of approximately 566 PH/s by Q4 of 2020, utilizing highly power efficient mining hardware. We are now well-positioned to embark on the second phase of Riot Blockchain’s transformation.”

In the current phase of Riot Blockchain’s transformation, Riot plans to continue increasing its aggregate hash rate capacity and exceeding 1 exahash per second (“Eh/s”) in early 2021, continue to assess its ongoing human resources requirements and manage expenses. In addition, supported by its Board of Directors and Advisory Board, the Company will also continue to work with XMS Capital in evaluating opportunities to further increase shareholder value.

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A-Medicare Announces New Crypto Coin as Part of 2020-2021 Launch Strategy

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Trade

A-Medicare, the flagship private health services entrepreneurial enterprise of actor-producer Enzo Zelocchi, today announced launch plans for a new crypto coin as a planned element of early strategic growth integral to platform development through the remainder of 2020 and 2021. The currency token, in active development, will allow customers a new, secure, and cashless way of spending on their medical needs. The A-Medicare coin is going to be the only permitted cryptocurrency in the A-Medicare platform. A real breakthrough for the entire worldwide healthcare system and cryptocurrency universe. Several analysts confirm that the A-Medicare coin could become the leading cryptocurrency of the future due to the massive global transactions the world healthcare market will generate.

“The world landscape has changed,” Mr. Zelocchi says, “with a global pandemic locking people in their homes and many health providers struggling to provide services, we at A-Medicare are launching a streamlined ecosystem with its own cryptocurrency to help provide our clients with fast, practical solutions to their future medical needs.”

The new brand offers a competitive bridge with several open avenues for private-public partnerships in reimagining healthcare for the United States and ultimately the world.

Regarding security and transparency, Mr. Zelocchi says: “Every medical transaction (health insurance claims, etc.) will be processed and tracked in the A-Medicare platform using blockchain technology and each transaction made with the A-Medicare coin is going to have a double trackability matching system which will eliminate any possible fraud, lost records, etc.”

Additionally, secure blockchain technology will expedite payments and refunds instantly.

“We are here to leverage secure blockchain technologies,” Mr. Zelocchi adds, “as well as the latest in artificial intelligence and remote medicine toward the maximum fulfillment of health and well-being for all U.S. citizens at a high standard of accessibility and fairness throughout very challenging times.”

About A-Medicare
Our mission is to decrease the cost of healthcare and to improve its efficiencies in all aspects using Machine learning, Artificial Intelligence, and Blockchain technology. The goal is to create a Universal Health Care system that creates affordable low-cost healthcare and provides programs to help subsidize costs for those most in need.

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OKEx Launches Latin American Fiat Gateway With Settle Network

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OKEx

OKEx, a world-leading cryptocurrency spot and derivatives exchange, has reached a strategic partnership with Settle Network, a global fiat-crypto solution provider. Through the latter’s product, Latamex, OKEx users can now buy Bitcoin (BTC) and ether (ETH) on the exchange with Argentine peso (ARS), Brazilian real (BRL) and Mexican peso (MXN) using a direct bank transfer.

Settle Network is the largest digital assets settlement network across Latin America for exchange and cross-border payments, providing programmatic interoperability between traditional and digital assets by leveraging financial infrastructures of LATAM countries.

“One of the important goals of OKEx is to enable everyone to enjoy intermediary-free financial services by promoting the blockchain-driven economy. For that, it’s essential to lower the threshold for the exchange between cryptocurrencies and fiat currencies in order to cover users in more countries and regions,” said Jay Hao, CEO of OKEx. “The cooperation with Settle Network is of strategic significance to OKEx. Latin American users can now purchase BTC and ETH with multiple local currencies in a compliant way through bank transfers. In the future, OKEx will continue to expand the coverage of fiat currencies to allow more users to purchase cryptocurrencies more conveniently.”

Since the world economy has suffered from setbacks for some time, people have begun to reflect on the problems in the existing financial system — among which, the unbanked has become an unavoidable topic. Currently, about 2 billion adults worldwide do not have bank accounts, and Latin Americans make up a large portion of them. Be that as it may, thanks to its intermediary-free nature, cryptocurrency has begun to play an increasingly important role in the field of financial services.

For most people, the first step to enjoying blockchain-driven financial services is to convert local currencies to cryptocurrencies. As of now, OKEx has supported a vast number of fiat currencies worldwide. Thanks to the partnership with Settle Network, through its wide array of products — such as Latamex, Settle X, PSP Xramp, etc. — OKEx users will enjoy a much-improved experience in crypto-to-fiat trading and payment processing through bank transfers.

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Bitcoin Wallet HandCash Secures Further Funding

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Oracle

Handcash has recently seen a number of additional features to its lightning fast digital wallet offering users the ability to shop at 250+ retailers with egifter.com as well as a tie up with payment service Anypay, providing both online and retail merchants with safer, faster and more efficient checkouts. HandCash have also made sure, via an agreement with ‘rival’ Bitcoin SV (BSV) wallet, MoneyButton, that BSV transactions can be made to each wallet directly, without third parties involved. This achieves the peer-to-peer system that Bitcoin’s creator Satoshi Nakamoto envisioned.

Such innovations have caught the eye of a group of investors including technology entrepreneur Calvin Ayre, and venture capital funds Two Hop Ventures and Unbounded Capital – who have completed a new investment round with HandCash. This injection of additional funds will allow HandCash to further grow its product offerings and employ more team members.

HandCash co-founder and CEO, Alex Agut, explains: “It’s brilliant to be talking about employment and investments at a time like this when so much of the global economy seems to be struggling. It shows the strength of the BSV ecosystem that expansion, funding and use cases are on the rise on a daily basis.”

Jan Smit, Partner at Netherlands-based Two Hop Ventures, added: “We have been impressed with the development of HandCash as a product from the very start but to see that they are constantly looking to improve and innovate made the decision to invest an easy one. HandCash is the perfect fit in our strategic focus on Bitcoin key managers and data managers, the critical building blocks for the secure user-centric next generation Internet.”

Zach Resnick, Managing Partner of U.S.-based Unbounded Capital, remarked: “HandCash embodies what Bitcoin was designed to be – a fast, P2P payment system with very low transaction fees. But beyond that, Alex and his team never sit still and the wallet is an ever-evolving product that looks set to be a market leader.”

HandCash is preparing for a future world where businesses and consumers use micropayments – mere cents, or even fractions of a cent. Micropayments are uniquely possible on Bitcoin SV because of the blockchain’s massive scaling – enabling huge transaction volumes to be processed for tiny fees: currently, it costs only about 1/40 of a U.S. cent to send a BSV transaction. This opens up new business models that exchange micropayments for daily online activity, and can re-invent our Internet experience.

HandCash started as a user-friendly wallet for consumers, but seeing the vast business future for micropayments, the company is expanding into B2B product offerings. HandCash plans to offer its infrastructure and know-how to make things easier for developers and businesses interested in adding micropayment functionality to their applications and games. Its upcoming HandCash Connect SDK packages, in just one toolkit, six basic components every developer needs to easily build on the Bitcoin SV blockchain – for any platform ranging from mobile, tablet, desktop, web, to even a smart refrigerator.

The SDK provides a backend solution so developers can use all the powerful properties of Bitcoin as a technology platform, without having to learn complex Bitcoin protocol development skills or maintain infrastructure. According to Alex Agut, HandCash Connect could reduce development time for creating Bitcoin apps by up to 90%, and drastically reduce operational costs for startup ventures and big enterprises who want to build on the Bitcoin SV blockchain.

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